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invictus2000

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Posts posted by invictus2000

  1. Sirs, thanks a lot! i'll take your advice. I will start this kind of business hopefully this year. :)

     

     

     

    What exactly do you mean ?

     

    This could help, try to

     

    1. Determine the ceiling price (by comparing your future product with current competitors) Try to use a lower price as ceiling.

    2. Compute your projected cost per unit

    3. The difference is your profit margin.

     

     

    - have a credible suppliers that can give you competitive prices for your raw materials... try to buy in bulk in order to lessen the price of your raw materials.

    - have a good storage for your frozen products.

    - make sure that your product is competitive with the current market of Mekeni and Pampangas best.

    - an introductory price that is at lease 15% less than the price of your competitors will make you attract consumers.

    - give attractive income to your wholesalers, meaning at least they earn at least 22% in profit once they sell your products.

    - think about consigning your products to public market. you will have bigger overhead but it will attract retailers to sell your products.

    - hmmmmm... what else, sipag at tyaga... prepare yourself to work an average of 16hrs / day.

     

    as starting point, you should have at least 50k in capital to start a small business like this.

  2. Sirs, thanks a lot! i'll take your advice. I will start this kind of business hopefully this year. :)

     

     

     

    What exactly do you mean ?

     

    This could help, try to

     

    1. Determine the ceiling price (by comparing your future product with current competitors) Try to use a lower price as ceiling.

    2. Compute your projected cost per unit

    3. The difference is your profit margin.

     

     

    - have a credible suppliers that can give you competitive prices for your raw materials... try to buy in bulk in order to lessen the price of your raw materials.

    - have a good storage for your frozen products.

    - make sure that your product is competitive with the current market of Mekeni and Pampangas best.

    - an introductory price that is at lease 15% less than the price of your competitors will make you attract consumers.

    - give attractive income to your wholesalers, meaning at least they earn at least 22% in profit once they sell your products.

    - think about consigning your products to public market. you will have bigger overhead but it will attract retailers to sell your products.

    - hmmmmm... what else, sipag at tyaga... prepare yourself to work an average of 16hrs / day.

     

    as starting point, you should have at least 50k in capital to start a small business like this.

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