Friday, October 7, 2016

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Most of the Filipinos want to have a business. We are a business-minded people. We easily see opportunities from things around us. The proof to it is the domination of sari-sari stores in the country. We can see it anywhere even in the most rural place in the Philippines. Now the questions are, why sari-sari stores' domination in the Philippines continues? Why several Filipinos get into sari-sari store business? Here are the reasons why Filipinos get into sari-sari store business.
Image result for operator of sari sari store
  1. Low start-up capital. 93% of sari-sari store owners set up shop outside their homes. They spend on doing minor renovation work to create access to storage facilities inside the house. The initial inventory for a week’s worth of goods may start for as low as Php 10,000.
  1. Cash business. The sari-sari store is a straight cash payment business. There are no credit or debit card payments, and checks are not accepted. It generates cash sales every day.
  1. Convenient. This business is perfect for a “lola” or for stay-at-home parents who watch over their children.
  1. Low-risk approach to retail. People who plan to get into the retail business can use the sari-sari store as a low-risk approach to gain experience.
  1. Accepted retail concept. It does not need to be heavily marketed and promoted because this type of store is an accepted concept in the Philippines.

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