The Filipino Entrepreneur

Selling and buying on eBay is fun and most of the time you can get an item for bargain and sometimes hard to find items. But recently I encountered a seller that only accepts GCASH which is definitely forbidden in eBay because it is the same thing as Western Union and Money Gram. Sometimes I fall into temptation on asking bidders to pay via GCASH but when it comes to me being I buyer, I doubt if the seller is a scammer or not. But if the seller have a good reputation with a least 50 feedbacks and all of them are 100% positive or with just a tiny percentage of negative feedback, then maybe the seller can be trusted. But if the seller have only 1 feedback or worst, a zero feedback, then you know what to think. He or she’s maybe a scammer. It’s also hard to sell a pricey item if you are a new member on eBay.

You have to build your reputation first by having as many feedback as you can. One trick I know is try selling items less than a thousand pesos. This way buyers will not have a hard time to think if they would buy an item let’s say 5,000 pesos or up. If the buyers really need the item, they would risk a certain amount that seems to be not as big as 5 to 10K. But eventhough many eBayers get away with payment methods not permitted on eBay, they are not protected by eBay’s Standard Purchase Protection Programme (SPPP). You’ll be reimbursed up to a maximum of P 11,200.00 (less P 1,400.00 to cover processing costs) but requires that you pay the item with the payment method allowed in eBay. I think using other payment method such as those quick money transferring service will leave you unprotected.

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Online selling communities can prove to be a great boon for retailers. It allows you to reach customers nationwide (or even worldwide) without having to spend on a physical store, on expensive marketing campaigns, on additional staff, or even on site design. With some ingenuity and a good working knowledge of the ins and outs of the site you’ve chosen, you can put up a profitable home-based business that virtually runs itself

What To Sell?

Keep in mind that buyers go online to look for bargains or for hard-to-find Items, so used items, collectables, antiques, gadgets and imported goods are very popular on these sites. It’s a good idea to spend a few hours browsing the site to see which items move fairly fast in that particular community. You can look at the site’s ”Hot Auctions” link, or look at the items offered by well established sellers with a long selling history or high feedback scores.
Importantly, some of these sites allow you to sell internationally- eBay Philippines, for example offers it as an option while on Amazon.com international exposure is automatic.

To get started, most sites require nothing more than for you to undergo a fairly sample registration. Some sites may require a credit card, to which fees may later be charged In any case, registration is usually pretty straightforward, even fort he most inexperienced new users. The simplest and fastest way to learn the ropes is to register and participate in the process first as a buyer. This way, you get to learn the entire process and forestall any potential problems.

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Profit sharing in a business among the investors is really common sense. It is obviously the percentage of your investment versus the total amount of the capital. But even though we can go through with it without going to the standards, it is better to have it in order for us to deal in harmony with our business partners. According to the standards, if for example the total capital of a business is Php100,000 and your contribution is Php25,000, you will get the percentage of your share by dividing 25,000 to 100,000. In this case you will get 25% of the profit.

It is really common sense if you look at the standards. In case the total capital increased because other investors contributed an addiitonal capital, then your share will decrease. For example another Php50,000 was added to the initial capital, then it will become php150,000 which you have to divide 25,000 to 150,000. Your percentage of profit share will be 16.7%.

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In life there are many obstacles that we encounter. I guess it’s not new to you that many entrepreneurs became successful after having so many trials and obstacles in life before they achieve what we call now as “success”. Although I believe in the saying that “Success is Journey, Not a Destination” still they have surpassed there once not so good experience in their life. Many times I always ask the Lord that somehow He should grant my wish to have a debt free and very comfortable life for me and my family and success in my endevours, but when I reflect on all the things that happened to me in the past, I realized that my situation now is not that bad after all.

I always forgot to count my blessings. Human nature are like that anyway. We are never contented. Specially entrepreneurs, that is why some entrepreneurs become rich because they are never contented on what they already have. But we should always remember that, as written in the scripture: “But Godliness with contentment is great gain, for we brought nothing into this world, and it is certain we can carry nothing out” I Timothy 6:6-7

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Media have it’s magic, it will make something awful really nice because of good publicity. It’s really hard to become popular in the internet but in television you can attract a lot of visitors. Maybe that is a quick way for a blogger to become famous by exposing themselves thru those kinds of media and also by using magazines telling all those things that they are so and so famous about their craft.

I didn’t mean all of them are fake but there are some who are really famous like for example Abe Olandes of Yugatech. But there are some who like to show themselves as a hot shot or something which makes people curios and creates some kind of doubt to other bloggers in the blog sphere if those really are famous and if their websites receives lots of traffic and earns a lot of money.

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