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Foodpanda is an online platform where Foodpanda merchants or Foodpanda sellers can sell their products to the platform users. Because of this, sellers can reach more potential customers. As of this writing, their mobile app has 50 million downloads. If you are a restaurant or a shop owner, this is one of the fastest and most cost-efficient ways to promote your business. In this article, we will discuss the Foodpanda Merchant Application process and the requirements that you need to submit to become a Foodpanda seller.

Foodpanda Merchant Requirements

Foodpanda merchant application process is done online and the requirements will be submitted during the application process. Below are the 6 required documents to become a Foodpanda seller.

  1. DTI Certificate of Business Name Registration
  2. Other DTI Forms – Form 9, 13, or 49 whichever is applicable
  3. BIR Certificate of Registraion
  4. Valid Government Issued ID of Owner or the Person in Charge of the store
  5. Halal Certification (if applicable)
  6. Clear copy of your menu (Scanned or picture taken by a camera)

Sample Merchant Requirements

Related article: How to become a GrabFood Merchant

How to apply in Foodpanda as a Seller?

foodpanda merchant application process

If you have the complete requirements already, you can now start the application process. Be sure to have all the requirements scanned because these will be uploaded during the application process. Once done, follow these steps to become a Foodpanda merchant.

  1. Go to Foodpanda merchant registration page then fill up the registration form.
  2. Foodpanda will review your requirements and then send the contract to you.
  3. Review the contract, sign it then send it back to Foodpanda.
  4. Upon submission, your shop will be available on Foodpanda app and then you can start selling.

Who can apply as Foodpanda Merchant?

To become a Foodpanda merchant, you must be of legal age and you must have a DTI registered business name and Certificate of Registration issued by the Bureau of Internal Revenue (BIR). Other than these document requirements, your restaurant or shop must also be in the areas where Foodpanda is operating.

Foodpanda Serviceable Areas

  1. National Capital Region (NCR)
  2. Tagaytay
  3. Bacoor
  4. Dasmarinas
  5. Malolos
  6. Meycauyan
  7. Marilao
  8. Cebu City
  9. Davao City
  10. Biñan
  11. Iligan City
  12. Ormoc City
  13. Angeles
  14. San Fernando
  15. Rizal
  16. Coronadal City

Foodpanda Merchant Fees

  1. Foodpanda charges restaurants and shop owners a commission of 25% – 30% per transaction.
  2. 1000 Pesos platform fee. If your revenue for using Foodpanda is less than 4,000, this platform fee can be waived.
  3. Online payments made by the customer have a 2% payment gateway fee.
  4. Phone calls made by customers via mobile app will incur additional charges.

Frequently Asked Questions

What percentage does Foodpanda take?

Foodpanda charges 25% to 30% commission per transaction.

Does Foodpanda have a markup?

No. Foodpanda does not have a markup. They collect 25% to 30% per transaction.

Does Foodpanda deliver at night?

The Foodpanda app is accessible 24/7 however, you can only order food from stores that are open at night.

Who is the CEO of Foodpanda Philippines?

Iacopo Rovere is the CEO and Managing Director of Foodpanda Philippines.

Do we need to hire our own riders?

No. You do not need to hire your own delivery riders. Foodpanda will handle the hiring of delivery riders.

Does Foodpanda have a merchant app?

Foodpanda will provide you with a device that has a built-in Foodpanda merchant app where you will receive orders from your customers. The app has a platform fee of 1,000 Pesos per month and the fee can be waived if your sales are less than 4,000 Pesos.

How to cancel Foodpanda merchant?

If you want to cancel Foodpanda as a merchant, simply email partner@foodpanda.ph to request cancellation.

How to register at Foodpanda as a rider?

If you wish to register as a Foodpanda rider, visit foodpanda rider application guide for more info.

Related Articles:

Foodpanda Rider Application Process and Requirements

How to Franchise Toktok in Few Easy Steps

For those exploring the idea or considering a switch in careers, the biggest question is always “is it worth it?”. In this article we walk you through the different duties and responsibilities of a financial advisor, and what’s in it for you. Let’s start with the biggest question, how much does a financial advisor make in the Philippines?

Financial Advisor’s Salary:

Being a financial advisor in the Philippines can pay really well with the benefit of having flexible hours as a wonderful perk of the business. Depending on the company they are associated with, a financial advisor’s income may or may not have a provided allowance. But they all definitely enjoy uncapped earnings from commissions. Life and health insurance plans have commission rates that can range from 20% to 60%. A common goal of a financial advisor is to earn P1,200,000 in a year to qualify for the prestigious title of being part of the Million Dollar Round Table (MDRT). In 2015 the Philippines had the most number of MDRT financial advisors in South East Asia according to the Insurance Commissioner, Atty. Dennis B Funa.

On average a financial advisor earns P350,000 and can go all the way up from there. A financial advisor is actually one of the top 10 highest-paying jobs in the Philippines. That being said, there is nothing such as easy money, being a financial advisor is still a job with responsibilities to carry out. But it’s not as hard as you think. 

Financial Advisor Job Duties and Responsibilities:

1. Prospecting potential clients

Being a financial advisor will involve reaching out to contacts and networking. A large part of this job involves selling and is the ultimate way to earn a commission. If this is new territory for you, no need to worry because training is always provided. Knowing who to approach, what to say, and when to introduce your services will eventually come naturally. 

2. Understanding a client’s financial goals

This discussion with clients will bring about confidential information on clients earnings and personal details about spending habits (good and bad). It is important to let the client know that you can be trusted and professional throughout the discussion. The financial advisor advocacy comes in with educating clients on the proper way to save and allocate investments to prepare for future events; both seen and unforeseen. This discussion with them will include breaking down their spending and ensuring that a portion is set aside for goals they have set for themselves.

3. Matching your products to what will best suit the client’s needs.

With giving expert advice, product knowledge will be vital to achieving the best outcome for a client’s set goals. Understanding what each product has to offer at a minimum and its potential outcome will be very important.

4. Make certain that the client understands how a product works. 

It is the responsibility of the financial advisor to educate the client on the risks and benefits involved in purchasing a specific plan. Each product type has a payment time frame that a client must commit to for his own benefit, and for the financial advisor to be able to receive his commissions also.

5. Monitoring accounts and administrative tasks.

Keeping track of client accounts and making recommendations if there is a shift in goals is part of the continued service you provide a client. There will be some forms that need to be updated in those instances, which can be done in person, online, or via courier. 

6. After-sales service and assistance if and when needed.

Similar to the previous item, there will be some after-sales service that will be provided. Switching payment methods, changing beneficiaries, or updating signatures are simple transactions you will need to carry out. On rare occasions, assisting in collecting insured amounts when an unexpected death or illness happens would be the most crucial of all.

Financial Advisory Career Outlook:

As with any new career or business, there will be challenges at the get-go. But a slow start or a fully charged beginning does not dictate the success that will be achieved in this career. By using techniques taught during training and continuous application, those who have grit will succeed. This pandemic has reminded people of the fragility of life and the importance of preparing for the unexpected. The insurance industry is almost 200 years old in the Philippines, proving that it’s here to stay and support the Filipino people through its financial advisors.

The food industry is a luxurious industry but surviving the competition remains one of the biggest challenges of business owners. If you own a food business, you need to reach as many customers as possible in order to survive the competition. In order to do this, you need to know how to promote a food business effectively. In this article, we are going to discuss the benefits of becoming a Grabfood merchant and the registration process, and the requirements to become a GrabFood merchant.

What is a GrabFood merchant and how does it work?

To understand better what a Grabfood merchant is, we must know first what the Grab app is. Grab app is a mobile app that has 3 distinct features; Grabcar, GrabExpress, and GrabFood. Grabcar allows the transport of commuters from their desired pick-up location to their desired destination. On the other hand, GrabExpress allows door-to-door delivery of items not heavier than 20 kilograms. Typical items being delivered by GrabExpress are food, documents, and clothing. Lastly, GrabFood allows food sellers, also known as GrabFood merchants, to sell their products directly to the users of the Grab app. GrabFood riders will pick up the orders of the customers and deliver the food to the indicated delivery address. A GrabFood seller will be paid by the GrabFood rider whenever a customer orders from the app.

Benefits of being a merchant

  1. Increase your revenue as you reach more customers using the Grab app
  2. Instantly gain store visibility on Grab app that has millions of users
  3. Get free advertising from Grab’s marketing campaigns using email, SMS, Grab’s Facebook and Instagram account, etc.
  4. Special deals and promos activated by Grab without extra cost on your part
  5. Get customer feedback that you can use to improve your products and service
  6. Have access to food delivery services without the need for hiring delivery riders

Application Requirements

Only those with business permits and BIR registration are allowed to be food sellers on the Grab app. Without these documents, Grab will not allow you to be included in their platform. Here is the complete list of application requirements that you need to submit when you apply as a GrabFood merchant.

  1. BIR Certificate of Registration (COR)
  2. Business Permit / Mayor’s Permit
  3. Valid ID of the owner
  4. Special Power of Attorney (if the application is not being done by the owner)
  5. Valid ID of assigned Person in charge (if the application is not being done by the owner)
  6. DTI forms (Form 9, 13 or 49 whichever is applicable)
  7. Halal Certificate (if applicable)
  8. Food menu
Application Requirements for GrabFood

Related article: How to become a FoodPanda Merchant.

GrabFood Merchant Application Process

Time needed: 1 hour

Applying as a merchant is easy as long as you have the complete requirements already. Remember, only those with complete requirements will be allowed on the Grab platform.

  1. Go to GrabFood merchant application page and fill up the application form

    Select GrabFood merchant as a type of partnership then fill up the rest of the fields required.

  2. Check your email.

    The complete list of requirements and the instructions on how to proceed with the application will be sent to your email.

  3. Submit the requirements using the URL sent to your email

    Upload a clear copy of the requirements

  4. On-boarding

    Once approved, you will receive an email indicating the schedule of the training so that you can get started.

Merchant Fees

Grab collects a 20% to 30% commission for every transaction. This means that you will not spend anything if you didn’t earn from it. This makes Grab a risk-free marketing strategy and is one of the many reasons why we recommend this strategy in promoting your food business.

Contact Information and Office Address

Facebook Page: GrabFood PH
Instagram: GrabFood IG
Address: 12/F Grab Office Wilcon, IT Hub, 2251 Chino Roces Ave., Makati CityPhone no: (02) 8883 7100

The country has not seen normality in the past 2 years since the pandemic happened, it might as well be assumed that many of these changes are here to stay in the next three to five years. Though this new way of living seems permanent and as if life has come to a standstill, it does not mean that all jobs and every industry has suffered equally.  Even more so, it also does not mean your career progression or decision to shift career has to come to a full stop. In this article, we will discuss the top 10 highest-paying jobs in the Philippines. We will also consider the length of time for study, working hours, job description, and of course, the salary. As part of common advice, besides following the money, also consider where your interests lie. A progression in any career will depend on the depth of your knowledge and experience, which factors in the time you spend developing and practicing your new skills.

#1 Doctors/Surgeons

Doctor’s Job Description: Anywhere in the world, especially today, the medical field has increased its demand for these practitioners. There is a large variety of specializations that determines the years spent studying, which also equates to the amount earned later on. Providing continued care for patients, performing surgeries, organizing preventive medical programs, and referring patients to specialized medical care provided by the hospital.

How to Become a Doctor: Minimum three years for a pre-med bachelor’s degree and then four years for an M.D. course. After these seven years, about a year is taken to prepare for the board exam.

Doctor’s Working Hours: Average of 40- 60 hours a week

Doctor’s Salary: 1,200,000 – 1,260,000 per year

#2 C-level Executive

CEO or COO Job Description: Also known as a C-suite executive, these individuals take the highest positions in a company, particularly the Chief Executive Officer (CEO). Other examples of C-level positions are Chief Operating Officers, and Chief Financial Officers. The most power and influence are held by these people who direct company strategy, make high-stakes decisions, and oversee the day-to-day operations are all in line with company goals and objectives.

How to Become a C-level Executive: About 41% of C-level executives have a masters degree over their bachelors degree. This would be equivalent to an average of 6 years of study in total.

Executive’s Working Hours: Though there are no studies based for the Philippines, 9.7 hours per week according to a global study done by Harvard Business Review

C-level Executive Salary: 1,100,000- 1,160,000 yearly

#3 Lawyer

Lawyer’s Job Description: A lawyer’s interests lie in upholding the law and protecting their client’s rights. This involves a lot of research to gather evidence, approvals, and documentation, plus giving legal advice. A lawyer’s role also covers reviewing and managing estates, wills, trusts, contracts, and deeds. Another one of their responsibilities is managing processes for regulatory and compliance-related services. These are only some of the tasks that cover a lawyer’s job description and their focus will depend on the specialization they have chosen. Here are the areas they can specialize in: Constitutional Law, Criminal Law, Business Law, Labor Law, Civil Law, Tax Law, Family Law, and Environmental Law.

How to Become a Lawyer: Four years for an undergraduate degree, then another four years for a law degree. After these have been completed, there is a bar exam to pass. This would total eight years in school and an average of three to six months to review for the bar.

Lawyer’s Working Hours: Lawyers in larger firms work longer than 40 hours a week, this is also seen in data gathered by the Bureau of Labor Statistics in the US. It is estimated that the average working hours of a lawyer is 49.6 hours a week and possibly longer for larger firms.

Lawyer’s Salary: 900,000- 987,000 yearly

#4 Bank Manager

Bank Manager’s Job Description: Being in the manager position, this role oversees day-to-day operations with special attention to promoting and marketing the bank’s products and services to increase performance. This role also entails dealing with customers and addressing complaints, supervising approval of loans, preparing financial statements, preparation of budgets, and forecasts according to fiscal needs.

How to Become a Bank Manager: A bachelor’s degree, typically a course in business, economics, finance, management, or marketing, is the minimum requirement for this position. There is a small percentage of 13% that have a master’s degree for the role.

Bank Manager’s Working Hours: Bank open hours are usually from 9 am-5 pm and may have some weekend operations too. 

Bank Manager’s Salary: 971,000 yearly on average

#5 Art Director

Art Director’s Job description: An art director’s job description involves directing and coordinating projects from start to completion. He formulates design concepts and chooses elements, locations, or materials depending on the need of the client/company. At the end of each project the art director has to sign off and give his approval to the designers he manages before this is used on different types of media. An art director exhibits his mastery of different skills such as typography, image manipulation, animation, or illustration and mixes this with his knowledge of marketing design.

How to Become an Art Director: A bachelor’s degree is enough for this role but a portfolio proving creativity and experience will be required.

Art Director’s Working Hours: This is dependent on the industry that can vary from the usual 9 am-5 pm to very long working hours in large advertising agencies.

Art Director’s Salary: 831,432 yearly on average

Tip: You can become a home-based art director by becoming a virtual assistant. In this guide, you can learn how to become a VA (virtual assistant).

#6 Geologist

Geologist’s Job description: A Geologist provides support to engineering design and field programs through geologic/ geotechnical services they provide. This includes creating plans and managing geotechnical exploration programs. Depending on the project, it may involve assigning laboratory testing, soil and water sampling, studying geotechnical fields as well as soil and rock logging, etc. A geologist can create many different types of maps that can be applied for different uses, some of these maps can even predict volcano, earthquake, and landslide hazards.

How to Become a Geologist: A four-year course in BS Geology is required for this role and then a geologist licensure exam under the PRC needs to be passed. The three universities that offer BS Geology are Adamson University, Mapua Institute of Technology, and UP Diliman.

Geologist’s Working Hours: Normal office hours are still 9 am-5 pm but there is a lot of fieldwork involved that could make it longer or irregular at times.

Geologist’s Salary: 778,668 yearly on average

#7 Pilot

Pilot’s Job description: A pilot’s role is mainly to transport people, mail, and also freight for commercial purposes. Other responsibilities include checking documentation to determine safety and readiness before flight; factors such as weight/load, fuel supply, weather conditions, route, and schedule are all to be considered. If there is anything amiss they can order for changes, replenishment, or reduction, wherever they see appropriate before liftoff. As part of preparation before starting the engines, a pilot must also read gauges on oil supply, hydraulic fluid, cabin pressure, and others.

How to Become a Pilot: A college degree is not a prerequisite to becoming a pilot, though about 47% of pilots have a bachelor’s degree and 19% have a master’s degree. This is because major airlines have made it a requirement that their pilots are college graduates. A primary requirement to fly is passing the Private Pilot License exam and then earning the Commercial Pilot License after if you want to be paid to fly.

Pilot’s Working Hours: Needless to say, you should expect irregular working hours for this job. Schedules will be dependent on flight times whether it may be in the middle of the day, late nights, or early hours in the morning. And flight lengths will give you 3-hour shifts to 12-hour shifts depending on the route and the company.

Pilot’s Salary: 693,468 yearly

#8 Computer Programmer

Computer Programmer’s Job description: A computer programmer will normally know more than one programming language, and he will be referred to according to the language he will be using such as java programmer or according to the function he will perform such as web programmer, database programmer, etc. His skill is in the writing, modifying, debugging, and testing of computer codes for different types of software. After he has set up and tested the software it is also up to him to maintain and update it.

How to Become a Computer Programmer: A 4-year bachelor’s degree in computer science, information technology, or a similar course that has significant computer programming content.

Computer Programmer’s Working Hours: Typically they will be working 40 hours a week and 50 hours a week for some. Depending on the company they may be working alone or with a team, and may need to travel to client offices to provide training and support.

Computer Programmer’s Salary: 522,876 yearly

#9 Financial Advisor/Financial Broker

Financial Advisor’s Job description: A financial broker is a go-to person if you want to sell or buy financial or non-financial products. These individuals manage the portfolio of individuals or clients with the objective of higher income or growth. They may be involved in different dealings such as real estate, investments, and insurance. As an advisor, they forge relationships, act as a liaison between different groups/individuals, and perform administrative tasks.

You can read the full job description of financial advisors here.

How to Become a Financial Advisor: Anyone can be a financial advisor/broker, but you would have an advantage if you had a background in finance, only because a good understanding of the market and how it works is important. That being said, there is no pre-requisite course needed because training will be provided by the company plus a guiding manager will be assigned to you. The training period would be three to six months depending on the company.

Financial Advisor’s Working hours: Depending on the arrangement this may be a full-time 8-hour job or part-time with flexible hours.

Financial Advisor’s Salary: 350,000

#10 Civil Engineer

Civil Engineer’s Job description: Engineering duties are performed by a Civil Engineer which covers creating plans and designs, plus overseeing the construction and maintenance of buildings. The scope of their work also allows them to do the same for roads, airports, bridges, dams, power plants, waste disposal, and other infrastructures.

How to Become a Civil Engineer: Five-year course in BS Civil Engineering then a test under the PRC to get a license to practice.

Civil Engineer’s Working Hours: A 9 am-5 pm full-time job would be the norm for a civil engineer. But once they are involved in directing projects, longer hours will be needed than just the regular 8-hour shift.

Civil Engineer’s Salary: 256,815 yearly on average

Sources: https://www.dole.gov.ph/

There are many ways on how to promote a food business. However, not all of them are effective and some of them may even cost you a lot of money without getting a good return on investment (ROI). This is why, in this article, we will give you 7 effective ways on how to promote a food business so that you can reach more customers and increase your revenue.

Food Business Marketing Ideas

We arranged the ideas below in a way that is logical and impactful to your business. However, you may wish to try any marketing strategy in the list based on the skills and resources that you have.

  1. Utilize Facebook to reach more people
  2. Create a Google My Business so that people near your store will know you exist
  3. Use Word of Mouth Marketing (WOMM)
  4. Attract new customers with mouthwatering photos using Instagram
  5. Be a Foodpanda Merchant or GrabFood Merchant
  6. Collect mobiles numbers
  7. Create a website

1. Utilize Facebook to reach more people

You may be wondering why we recommend using Facebook as the first strategy. Our reason is very simple. When you promote your food business, your customers want something visible and something that they can go back to when they decided to make a purchase. Facebook is the easiest and fastest way to do this. Setting up a Facebook account for your food business will enable you to show your products to potential customers. Instead of sending them pictures of what you are selling, send them to your Facebook page instead.

Why is Facebook marketing effective in the Philippines? The Philippines is the social capital of the world and data from Statista states that the Philippines have 80 million users as of July 2020. With this in mind, there is no doubt that many Filipinos are using Facebook. The question is, how do we use Facebook for promoting a food business? Luckily, there are many ways to do that but some may even require that you spend money. Here are some ideas to name a few:

  • Post images of the food that you serve – posting mouthwatering photos of the foods that you offer is a very effective way to create food cravings. You know it because it probably worked on you too! The key here is that your photos should be clear and appealing to customers.

  • Encourage repeat orders – A satisfied customer will surely buy from you again. This means that you’ll know if your business is growing if your repeat orders are increasing. In Facebook, you can encourage repeat orders buy giving your customers exclusive deals. Starbucks is very popular with this kind of promotion where customers can collect star stickers every time they buy from Starbucks. Upon collecting a certain number of stickers, these stickers can be used to redeem a planner.

  • Post some awesome facts about the dishes that you serve – Did you know that eating oysters can help you last longer in bed? Well, I don’t know if that’s a fact but its interesting to know if it is. What is interesting is that that’s an example of some awesome facts that you can share to your customers if you are selling oysters. This strategy is very effective because engagement using this type of content is usually high.

  • Use Facebook ads – this is the fastest way to reach potential customers in your preferred locations however, it comes with a cost. Facebook ads does not require that a Facebook user liked your page before they can see your post. You can set the criteria on who you want to show these ads to. You can start running Facebooks ads for as low as 50 Pesos a day. When running Facebook ads, start with a small budget first and learn what targetting method works for you. This way, you will be able to minimize risk and maximize return on ad spend.

There are many other ways to promote your food business using Facebook but this strategy will never work if you have no Facebook likes or followers. Be sure to have a strategy for increase your Facebook likes because only those who follow or like your page can see your post and other activities. You can invite your friends and relatives to easily increase your Facebook likes.

2. Create a Google My Business so that people near your store will know you exist

Did you know that there is a monthly average of 33,910 searches on Google that is related to “coffee shops near me”? The most interesting part however is that this increased by 65% in the last 12 months. If you don’t have a Google My Business (GMB) account set up for your food business, it is impossible for these people searching for your products to reach you. Whatever your food business is, it is important to have a GMB account so that you don’t miss high-potential paying customers.

Number of searches on Google related to "coffee shops near me"

Below is what a sample GMB listing from Army Navy looks like. Notice that they have more than 200+ reviews which suggest that thousands of customers already ordered from them.

sample gmb listing of ArmyNavy Burger

If you are interested in setting up a Google My Business account, you may refer to these guidelines provided by Google.

3. Use Word of Mouth Marketing (WOMM)

According to Nielsen, 92% of people trust recommendations from friends and family compared to other types of advertising. Nowadays, recommendations can be done virtually via social media, emails, and SMS. There are two ways to use WOMM, Organic WOM, and Amplified WOM.

  • Organic Word of Mouth is when people naturally promote your product. This is very common in food businesses that have Instagram-ready servings.
  • Amplified Word of Mouth is when marketers use campaigns to accelerate the effect of this strategy. This is so effective that is why big companies hire popular celebrities to endorse their products.

4. Attract new customers with mouthwatering photos on Instagram

Chocoberry MNL is one of the food businesses that we know has an effective Instagram strategy. They are famous for their chocolate-covered strawberries. They are very successful in such a way that you need to order 2 or 3 weeks in advance so that they can accommodate your order. They attract new customers using their Instagram account and they send their customers to their website where they take their orders.

Instagram-worthy photos from Chocoberry MNL
Instagram Photos from Chocoberry MNL

Why should you use Instagram?

  • Instagram is the second larget social media network with over 1 billion users as of this writing.
  • Engagement with brands is 10 times higher than on Facebook
  • You can promote your website on your IG account
  • Hashtags and Stories can increase your brands visibility

5. Be a Foodpanda Merchant and/or GrabFood Merchant

There is no better way to sell your food than to sell it to people who are ready to place an order. Foodpanda and GrabFood are among the popular food delivery service available in the Philippines. With Foodpanda having 50 million app downloads, and Grab having 100+ million app downloads, there is no doubt that you can use this strategy effectively.

Advantages of using food delivery service

  • People who uses the app has the intent of placing an order
  • Reach customers near your location
  • No need to worry on logistics

If you are interested in this strategy, you can learn more about this by reading these guides below:

1. How to be a Foodpanda Merchant/(Foodpanda Seller)

2. How to be a GrabFood Merchant/(GrabFood Seller)

6. Use SMS to encourage repeat orders

In Bulacan, there is a meat shop that collects the mobile numbers of their customers and registers it into their system. You will earn points by showing your mobile number to them every time your purchase from them. Sometimes, you will receive promos that they sent via SMS. You can also do this using a Facebook page. Every time someone placed an order, you may ask for your customer’s mobile number and register them into your system.

7. Create a website

About 81% of people do an online search for a product or service. Having a website can increase your brand discoverability because it allows your food business to appear in Google search results. Aside from Google, you can also use other marketing channels to drive traffic to your website. You can use Facebook, Instagram, SMS, and email to send traffic to your website.

6 Reasons why you should have a website

  • Increase brand credibility
  • Increase brand awareness
  • Your website can sell products directly to customers and accept payments
  • You can track marketing strategies that are effective using a tool called Google Analytics
  • You can collect phone numbers/emails and send them promotions
  • You can send push notifications directly to their mobile phones and inform them about your latest deals.

Despite having so many benefits, we put this strategy as the last strategy because it requires a lot of resources to accomplish. You will need to pay for a web host, domain name and hire freelancers if you don’t know how to create a website.

Conclusion: There are many strategies out there on how to promote a food business. When selecting a strategy, you should consider the amount of time that you need to dedicate, the amount of risk, and the impact of the strategy. Maintaining a balance between these factors will increase your chance of succeeding with these strategies. We recommend that you study each strategy and pick 1 until you master it.

A financial advisor is a very rewarding job but, it is also a job that requires lots of patience and hard work. Just like any other earning opportunity, you need to dedicate time and money to run this kind of business. The income is small at first, but as you grow your network, your income will also start to grow. The income potential in this career is endless! You can earn whatever amount you want, but you need to put in the right kind of effort to make it work.

Do you want to be a financial advisor? In this article, you will learn what a financial advisor does and the steps required to become a financial advisor.

Financial Advisor Salary

A financial advisor is one the highest paying jobs in the Philippines but they are usually not paid in terms of salary. Instead, they usually earn a commission for every product that they sell to their client. The commission may vary depending on the product and the company that offers it. On average, the commission per product is around 25% to 40%. Most insurance companies in the Philippines offer incentives to their licensed financial advisor upon achieving certain criteria and these criteria are usually based on the number of sales and revenue.

Common benefits of a financial advisor

  1. Cash incentives
  2. Health card
  3. Travel incentives
  4. Flexibility to work at your preferred time and place

Financial advisor job description

  1. Create a prospect list or list of potential clients
  2. Discuss financial goals with clients 
  3. Explain the services that you offer and how they can benefit the client
  4. Recommend services that will help the client achieve their financial goals
  5. Ensure that the client understands the benefits and the risks involved in investing
  6. Help clients plan for basic needs such as health expenses, education, and retirement
  7. Monitor client’s accounts and be able to give recommendations as the need arises

Do you need to go full-time?

Most companies will not require you to work full-time as a financial advisor. In fact, most of the financial advisors I know started their careers doing part-time only. Whether you want to go part-time or full-time is completely up to you. However, if this is your first time working as a financial advisor, I personally recommend that you start doing part-time only. It is just practical to match your income from your work with your income as a financial advisor first before considering resigning from your position. This is a good first goal if you wish to go full-time as a financial advisor.

Financial advisor application process

  1. Choose an insurance company that you believe in
  2. Contact a financial advisor from your selected insurance company
  3. Secure an agent’s training program from the company
  4. Take the licensing exam given by the Insurance Commission
  5. Submit the agent’s application requirements to the insurance company

Choosing the company to join

The first step to becoming a financial advisor is to choose an insurance company that you believe in. You need to do your research so that you won’t join a company based only on your first impression. Find out what their products are and how their investment funds are performing. Find out how long they have been in the insurance business. You can also ask people you know who bought their products and ask them about their experience. By learning more and more about the company, you will be more confident in selling their products. In the Philippines, there are many reputable insurance companies that you can join. AXASun Life, and PRU Life are among the top reputable insurance companies to name a few.

Contacting a financial advisor

There are two ways to apply as a financial advisor. The first way is by applying directly to the company. This process is applicable in all companies, but this usually takes time because they will still need to connect you to an agent. The second way is to contact a financial advisor directly. In this way, they can guide you with the application process. They will provide you a list of requirements that you need to submit to the insurance company. Normally, the agent will also present to you the benefits of joining the company.

Applying as a financial advisor is free. If you are interested to become a licensed financial advisor in the Philippines, you can fill up the application form below and receive calls within the next 72 hours from different companies.

Please indicate your mobile number in order to receive the application status
You must be at least 18 years to apply for this job.


Agent’s training program

Each company has a different way of training its applicant. In AXA Philippines, the training is done online. You will be watching videos that give you all the information that you need in order to pass the licensing exam. At the end of each training module, there is a practice exam that you need to pass so that you can secure a printable examination permit. This printable permit is a requirement when taking the licensing exam at the Insurance Commission. The Insurance Commission is the governing body that issues the license to aspiring financial advisors.

Taking an insurance licensing exam at the Insurance Commission

The insurance licensing exam is a multiple-choice exam of about 50 to 60 items. Be sure to bring a photocopy of your valid government ID and the examination permit. The Insurance Commission also enforces a dress code in their office. Avoid wearing shorts, slippers, and sandals to prevent inconvenience. Proper semi-casual business attire is a must before you can take the exam. The examination result will be available right after you take the exam. Be sure to get a copy of the result because this will be one of the application requirements of insurance companies.

Application requirements for a licensed financial advisor in the Philippines

After passing the licensing exam, the last step is to submit the requirements. Each company may have a different set of requirements but there are five requirements that are common to all companies and these are:

  1. Filled-up application form (provided by the company)
  2. Photocopy of unexpired valid government ID
  3. Exam result (with a passing grade) from the Insurance Commission
  4. Professional tax receipt (secure this from your city hall)
  5. TIN

Once you’ve passed the licensing exam and upon submitting the application requirements, you can now start your career as a financial advisor.

TokTok Franchise is one of the top 5 investment opportunities that I said I will be looking at this year. In this article, we will discuss what TokTok is and how to own a TokTok franchise. I will also discuss the benefits of being a TokTok franchisee and how much it cost to franchise.

What is Toktok?

Toktok is a mobile delivery service company that connects customers to delivery riders. Just like FoodPanda, Lalamove, and Grab, you can have your items shipped door-to-door. It is owned by the JC Premiere Founders: Jonathan So and Carlito Macadangdang. JC Premiere & JC Worldwide has been an outstanding company for 14 years in the business. It has won the Most Outstanding Global Entrepreneurs at the 51st Box Office Entertainment Awards.

As a franchisee of Toktok, you will also get the following franchise for free:

Related Article: How to Become a Toktok Rider

Benefits of Becoming a Toktok Franchisee

  • No rental expenses
  • No salary expenses
  • Minimal royalty fee
  • Hire up to 100 riders per franchise
  • Unlimited income potential
  • Receive food and health products included in the franchise package

Toktok Franchise Fee

Toktok Franchise fee can be availed for only 17,888 Pesos only. Original Toktok Franchise fee cost 288,888 Pesos. You may call or text 0991-3878712 to reserve a slot for a free online presentation.

How to Earn from Toktok

  1. Upon signing up to Toktok, you will have your own personalized delivery link, which may give you up to 3% commission per booking.  
  2. Earn up to 3% from referral code. When someone downloaded Toktok Delivery App with your referral code, you will get up to a 3% commission every time they book.
  3. As an operator, you may earn up to 7% from your rider’s successful delivery transaction.

Sample Montly Income from Toktok
Income = 20 riders x 10 deliveries x Php 150 per delivery x 7% Toktok Operator Income x 30 days
Income = Php 63,000.00 profit/month

How to Be a Toktok Operator

  1. Fill out the form below to reserve a slot for the FREE TOKTOK FRANCHISE WEBINAR.
  2. Provide all information needed, and make sure that the details you’ve entered are correct.
  3. Within 24 hours, you will receive an SMS confirmation for the schedule of the webinar.
  4. If you have decided to be an operator, you will be asked to fill up the application form.
  5. After filling up the application form, pay the franchise fee of 17,888 Pesos

[mailpoet_form id=”4″]

For QUICK ASSIST on the franchise application, you may call or text (+63) 991-387-8712.

I bought bitcoin (BTC) way back in 2015 when very few know about it here in the Philippines. Unfortunately, I sold it too early. Back then, I do not know about Binance and I used Etoro.com to buy bitcoin. Etoro.com has very expensive fees so I decided to transfer to Binance. It was only this year that I started using Binance and I haven’t had any problems using it. If you want to buy cryptocurrencies like bitcoin, this article will teach you to how to create a Binance account and how to buy bitcoin and other cryptocurrencies using it.

What is Binance?

From the words bitcoin and finance, Binance is an example of a cryptocurrency exchange. It’s one of the trending trading solutions, with it being accessible easily with a few taps from your smartphone. With more than 2000+ cryptocurrencies and 200+ crypto exchanges available, it can get intimidating for beginners and enthusiasts. But, you’ll be happy to know that Binance made trading easier and safer- addressing the common challenges its competitors have faced.

What is Binance’s Purpose?

A crypto trading platform that offers one of the most competitive rates around, it’s for beginner, pro, seasoned traders looking to trade crypto in the easiest and cheapest possible method.

Binance aims to:

  • Provide a better and reliable crypto trading architecture
  • Render better market liquidity
  • Give better customer service
  • Deliver internationalization and language support

Binance provides:

  • A crypto wallet for trading, where you can store electronic funds
  • Several supporting programs to help traders in making investment decisions
  • Low transaction fees, high market liquidity, and additional discounts for those who pay BNB cryptocurrency tokens
  • Safe fundraising and de-listing or withdrawal of cryptocurrencies
  • An option to raise funds through initial coin offerings (ICOs) for enthusiasts who want to launch their tokens

Binance supports:

  • Limit orders executed at the limit price set by the trader
  • Market orders did immediately at the best available market price
  • Stop limit orders that become valid orders only when the price reaches a specified level

Is Binance legit?

Binance may be a centralized exchange, but it’s reliable enough to handle the volume it has on its platform regularly, and there have been no reports of it or going down as of writing. It’s legitimate and safe through user account protection via Two Factor Authentication (2fa).

To give you more peace of mind, you can also apply and open a corporate account to trade or use Binance exchange under a legal entity (Corporation, LLP, Pvt. limited).

How to Create A Binance Account?

The beginning of your journey with cryptocurrency exchange begins with creating an account in Binance. Now that you know what Binance is and what it stands for, you might be thinking about how you can start navigating the crypto trading platform. Here’s a step-by-step guide on how you can create your Binance account.

  1. Go to the website.

This is a no-brainer. The first thing you should do is to go on Binance’s website. However, do be wary of the site you are going to. Make sure to check the website URL to see if you are indeed on the Binance page.

The reason for this is because there have been instances wherein phishing sites mirror the original website. Just check the URL and inspect the security certificate. To be even safer, type the web address directly yourself and bookmark it for future use.

  1. Register and go through the process.

Once you are on the home page, look for the “register” button on the upper right-hand corner. You have two options for signing up: using email or mobile. Fill in the necessary information, which is the email or mobile number and password. It is recommended that you use a strong password for maximum security.

There is a referral ID box that you can type into if you have one. This part is optional. Once you have provided all the needed information, you have to check that you have read and agree to Binance’s Terms of Service.

Once you’re done, click create an account! Before you can proceed, there will be a security verification puzzle for you to accomplish. Afterward, an account verification code will be sent to your email or mobile number, depending on what you chose. Ensure you have received the confirmation email because the code will expire in 30 minutes.

Binance will also provide some security tips in the email, so be sure to check that out!

  1. Set-up your account

Once you sign up, immediately enable the Google Two Factor Authentication. This will increase the security of your account. Binance also offers other features to heighten your security. You will need to do this before you can perform any type of transaction within the website.

  1. Enable Google Two Factor Authentication

First, download the Google Authenticator app on your phone. Then, you will be given a QR code to scan with the app. You will also be given a Key that will allow you to recover your app in the event of phone loss. It is essential for you to save this in a safe place because you will need this if you want to recover your Google Authenticator.

Input the verification code from your Google Authenticator in the necessary fields. You will receive two codes through your email and the app. Make sure to click “click to get code”; otherwise, an email won’t be sent to you.

You must input the codes immediately because these will expire.

Although, there is one more thing. Once you have an account, you will still need to verify some personal information. This is divided into three categories that have different benefits and fiat limits:

  • Basic
  • Intermediate
  • Advanced

The requirements will vary accordingly, but this information will be asked of you: personal information, government ID, facial verification, proof of address.

How to Buy Cryptocurrency Using Binance?

Once you already have a Binance account, you may opt to buy crypto using cash. You can do it in two ways. Either link your bank account or credit/debit card or directly buy from other users in Binance P2P. 

Out of all the options, linking your bank account or credit/debit card to Binance is the most convenient way of obtaining Bitcoin. Through this, you purchase crypto with a minimum amount of $15. Kindly take note that it may vary depending on the currency that you use. 

If you prefer not to link any of your bank accounts, you may buy cryptocurrency from your fellow users through Binance P2P. Just browse through crypto listings and select what to purchase. Since hundreds of merchants and payment gateways are available, following this option is also effective. 

In case the options mentioned are not at your disposal, buy crypto through third-party payment methods. Just make sure to check if the local currency you are using is correct. You can also use the Convert and OTC portal. It allows users to purchase crypto at a much cheaper rate. 

Binance is accessible in many regions. You have various options on where to buy crypto. You may check out any of the following: 

How to Deposit Funds to your Binance Account

In the Philippines, there are 3 ways to deposit funds in your Binance account

  1. Deposit using Debit/Credit card
  2. Deposit using P2P (peer to peer)
  3. Deposit using Coins.ph

How to Deposit Funds using Debit Card or Credit card

Binance charges a 2% deposit fees for whatever cryptocurrency you’ll buy from them. The 2% will be deducted from the total amount of cryptocurrency that you will buy. For example, if you will buy 1 bitcoin, you will receive 0.98 bitcoin after the 2% fee has been deducted. It is very easy to buy deposit funds to your Binance account. Simply follow the steps below to get started:

Step 1: Log in to your account
Step 2: Click Credit/Debit Card
Step 3: Choose a cryptocurrency that you want to buy
Step 4: Enter the amount you want to buy.
Step 5: Enter your card details
Step 6: Click the “Confirm Order” button to proceed.

Is Binance Worth it?

Considering its low fees, a fast and reliable exchange, and a stable platform, there’s a lot to love. Even just a few months of being in business, Binance has proved to be a success so far. Binance knows their business, considering that it offers worldwide service away from the Chinese government, which is already a huge feat. For some, limited fiat support may be a bit frustrating, but Binance is reportedly adding more options, with EUR and GBP trading pairs already added. Binance’s website supports 15 languages, and its cross-platform trading works on PCs, Android, and iOS devices. Binance is one of the fastest exchanges available, as it can handle 1,400,000 orders/second. Considering its age, Binance is constantly improving and evolving, so you don’t have to worry. Having said all of this, I personally recommend Binance for buying bitcoin and other cryptocurrencies in the Philippines.

If you’re into finance, the stock market, or e-commerce, then chances are you’ve probably heard of bitcoin. It has captured the attention of all kinds of people, from investors, economists, financial experts to celebrities, influencers, and huge companies. Famous bitcoin investors include Elon Musk and Paul Tudor Jones. Bitcoin has indeed taken the world by storm. Almost everyone is talking about it, especially after a significant boom in the year 2020. However, Bitcoin came into the mainstream spotlight way back in 2017 because of the bitcoin bubble. It has made headlines all around the world and created quite the fuss. The bitcoin price had significantly risen once more in 2020, and you might have heard your friends talking about it. Do you want to find out more things about bitcoin? Keep reading if you wish to find out what bitcoin is, if it’s a good investment, why people buy it, and how you can buy it.

Disclaimer: This article should be treated as purely informational content and not as financial advice. Please consult your financial advisor and study your investment decisions carefully before deciding to invest.

What Is Bitcoin?

In the year 2009, Satoshi Nakamoto released a paper entitled “Bitcoin: A Peer-to-Peer Electronic Cash System.” Little did we know that the software will change how we look at money and the e-commerce industry for years to come.

Bitcoin is the first cryptocurrency, a digital currency that operates without the need for a third party. If you have ever transacted online before, you know how the system typically works. Online payments are made possible through a trusted intermediary, such as the bank or government, who processes electronic payments. The traditional method uses a trust-based model.

On the other hand, bitcoin is entirely a digital money that uses cryptographic proof. Anyone can access every transaction made with bitcoin through a public ledger known as a blockchain. Blockchains are blocks of data in a digital chain. Each block contains information on every transaction made.

However, no one can see anyone’s identities here; only your wallet ID is, making it possible to sell or make purchases anonymously. This system also stops people from copying bitcoin, spending other people’s bitcoin, and reversing transactions. While you can use bitcoin to purchase items and avail services, you can also use bitcoin in trading.

Thanks to bitcoin’s decentralized nature, you don’t have to worry about third-party service charges or fees when making a transaction. That is why bitcoin offers lower processing fees than the traditional electronic payment system. It is deliberately designed that way – nobody owns it.

Is Bitcoin A Good Investment?

There is a growing number of people who are beginning to invest in bitcoin. I myself invest in bitcoin and other digital currencies. Financial experts like “Rich Dad, Poor Dad “author, Robert Kiyosaki believe that bitcoin can compete with gold, referring to bitcoin as digital gold. Like all investment ventures, bitcoin investment comes with a lot of risks and but the rewards are equally high.

Robert Kiyosaki, author of the best selling book, "Rich Dad, Poor Dad", talks about why bitcoin will replace gold.
Robert Kiyosaki, author of the best selling book, “Rich Dad, Poor Dad”, talks about why bitcoin will replace gold.

Before investing in anything, you should understand the number one rule in investment: you must be willing to lose money. There is no guarantee in any endeavor, hence you must carefully evaluate the risks.

Whether bitcoin is a good investment or not depends on the perspective. When you’re looking at it in the long term, bitcoin is a good investment. From regular folk to big names, people all over the world are using and investing in bitcoin. Even huge companies like Starbucks and Tesla are now accepting cryptocurrency.

From a short-term point of view, the answer depends. Bitcoin is a good investment during a bull run when the trends are growing upwards. That means that prices are either rising or expected to rise, which means that your assets’ value increases even in a short period of time. On the other hand, it isn’t good to invest in bitcoin in a bear market. During this time, bitcoin value is decreasing over an extended period.

Why Do People Buy Bitcoin?

Quick and Easy Transactions

In dealing with business or financial transactions, you will need to pay fees for each transaction. Moreover, it requires documentation and paperwork. Through bitcoin, you can transact transparently.

Apart from that, bitcoin offers lower transaction fees compared to Paypal and international bank transfers. Usually, banks charge us higher because they require people to handle our transactions. But through Bitcoin and other cryptocurrencies, transaction fees are relatively small because it is done digitally without the need for physical money transfer.

Effortless Asset Transfers

Through the blockchain system, you can quickly transfer the ownership of assets by disbursing the payment in bitcoin. The decentralization allows the users to transact safely. Here are some of the financial transaction benefits of bitcoin:

  • Tamper-proof registration
  • Extermination of intermediaries
  • Transparent transactions

Strong and Reliable Security

Bitcoin uses private keys to ensure the security of your money and identity. Through encryption and blockchain technology, Bitcoin guarantees that your digital coins are safe from hackers. Moreover, they ensure that your stored information is secured within the system.

Excellent Liquidity

Compared to other digital currencies, bitcoin offers greater liquidity. It enables you to keep possession of its inherent value upon crypto to fiat conversion. Conversely, other cryptocurrencies cannot be traded directly. As of the moment, you can use bitcoin in various shops and businesses. It means that as we use this currency in paying bills and dealing business, it becomes more liquid.

Independence from Political Influence

Bitcoin cannot be controlled by any state entity, which means it cannot be frozen or seized easily. Your money cannot be directly affected by the sudden change of government policies. Because bitcoin exists outside a political system, the digital currency works on its own. We have full control of the supply.

Decentralization

With its blockchain technology, it can manage the transaction records efficiently. Moreover, it only involves two parties in every transaction, which are the receiver and sender. This way, you don’t have to deal with an intermediary or a third party.

Digital Replacement of Gold and Barrier to Inflation

Each year, the value of money inflates, meaning the value it has now is not the same next year. Apart from that, it is the current replacement for gold. This is the reason why I myself invested in bitcoin to prevent my money from losing its value. If you are interested, please read my article about “6 Reasons Why I invested in Bitcoin”.

How to buy Bitcoin in the Philippines?

There are several places in the Philippines where you can buy bitcoin. Not only has the Bangko Sentral ng Pilipinas granted licenses to certain cryptocurrency exchanges, but there are also other platforms where you can buy digital currencies. Some of them are peer-to-peer marketplaces and bitcoin ATMs.

Binance

Binance is another popular cryptocurrency exchange here in the Philippines. Filipino Binance users can now buy and sell different cryptocurrencies, including ETH, BTC, BNB, and BUSD using local currency thanks via P2P (peer-to-peer) method. Using P2P, Filipinos can now buy directly from other users of Binance. Payments are usually done via bank transfers.

This platform also allows you to exchange cryptocurrency at a specified rate and with your preferred payment methods. Moreover, you also have the capability to transfer assets to a Binance wallet for free. Due to its zero transaction costs, more people recommend this platform for buying, selling, and trading. Binance.com has a peer-to-peer (P2P) network that allows users to gain more access to different financial services. I personally recommend Binance due to its low transaction cost and ease of use.

Bitcoin.com

If you have a credit card, you can easily purchase a digital currency. Bitcoin.com is a good place to start. Bitcoin cash and bitcoin core are also available for procurement. After clicking the buy button, you can simply enter the details required, including instructions linked via the “Need a Wallet?” option. With your email address, you can buy and sell bitcoins on this site using your credit card.

Coins.ph

Another way to buy bitcoin in the Philippines is through Coins.ph. It is the first cryptocurrency exchange to be authorised by the central bank, and is one of the fastest ways to purchase bitcoin in the Philippines. Since 2014, people have been buying bitcoin on this website. You can buy BCH, ETH, and XRP with the Philippine peso (PHP) without a bank account, credit card, or Paypal account, in addition to BTC.

Other platforms to buy, sell or trade:

  • Coinmama
  • eToro
  • Paybis
  • Coinage

Bitcoin is an efficient and effective way of transmitting money through digital platforms. They impose transparent rules and regulations within the system. More than ever, bitcoin is backed up with blockchain technology, making it a viable investment. Just make sure that you study the ins and outs of bitcoin to ensure that you are placing your money on the right platform. 

Finally – 2020 is over! However, the remnants of 2020 still haunt us today. Luckily, 2020 was productive for me despite the pandemic. I was able to capitalize on businesses and other projects with strong potential during the pandemic. This year, it is even more exciting. There’s a lot of opportunities in store for most of us. In this article, I will share with you what I think are the best investment opportunities for 2021. I have invested in some of these already while other investments will be new to me.

Disclaimer: This article is not a recommendation to invest in these opportunities. This article was written to give you investment ideas for 2021. We urge you to study this carefully before you invest in any of these.

Bitcoin and Other Cryptocurrencies

Last year, bitcoin’s price went as low as 5,000 USD. If you invested in bitcoin last year when it was still below 10,000 USD, you must be very lucky! Bitcoins price as of the time of this writing is above 30,000 USD. That is already a 600% return on investment if you bought bitcoin at 5,000 USD. While it is true that bitcoin is too expensive at its current price. I still believe it has a long way to go. My prediction is that bitcoin can reach 40,000 USD within the next 2 to 3 years (maybe even in the next few months). In my previous article, I’ve explained why I invested in bitcoin and why I think its price can still go up. If you are not looking for quick gains – bitcoin and other cryptocurrencies may be worth your time and money. You can invest in bitcoin for as low as 5000 Pesos. I used etoro.com to buy bitcoins and other cryptocurrencies. There are many ways to invest in bitcoin and etoro.com is just one of the many ways.

Toktok Express Franchise

Delivery services have been in demand even before the pandemic. When the pandemic started, more and more people started to use express courier apps like GrabExpress, JoyRide, and Lalamove. However, these companies do not offer a way for us to capitalize on this huge market. Lucky for us now, the Toktok Express franchise allows us to have our own courier business without even buying a motorcycle. Their franchisee is called Toktok Operator and as an operator, you need to recruit riders so that you can earn a commission from it. As a franchisee, you can hire up to 100 riders and you’ll earn a 7% commission for each transaction that your rider will be able to complete.

Sample Computation: Let’s assume you have 40 riders who earn 1,500 per day.
Commission in 1 day = 40 riders x 1,500 pesos x 0.07 commission = 4,200 Pesos per day (126,000 Pesos per month)

If you are interested to sign up as a franchisee, here’s the link to the application form.

Stock Market – Apple Shares

Investing in Apple shares is more of a speculative play for me. I would invest only a little over 5% of my total cash here. According to sources, Apple is planning to make an electric car by 2024. Electric cars are the latest innovations these days. There’s a lot of room for growth and this business still has a lot of potentials. Following the success of Apple’s mobile phones and computers, it won’t be a surprise to me if these electric cars will be a big hit for Apple. Apple is also one of Warren Buffet’s stock picks which tells you that the business is really strong.

Lending Business

Last year, a friend of mine invested 400,000 pesos for lending money to different start-ups. The interest amounts to 100,000 in just two years. That is 25% of what she invested. This year, I have a strong reason to believe that this lending business can still grow despite the pandemic being almost over (hopefully). The pandemic has opened the eyes of many Filipinos and we Pinoys are more aware that there are many money-making opportunities out there waiting for us. The problem is, most of us don’t have the necessary fund to start a business. This is where a lending business comes in. By offering money to potential business owners, you can get a quick profit out of the money that you’ll be investing.

IMPORTANT: Based on my friend’s experience, 9 out of 10 borrowers are good payers while the other 1 won’t even pay a dime. To minimize risk, the trick here is to distribute your money evenly to 10 different borrowers. If you have 100,000 pesos, you can lend a maximum of 10,000 Pesos per client.

Blogging

In all my investments, this one is my personal favorite – not because the returns are quick but because this is one way for me to share with the world what I’ve learned. The BONUS part is, I earn from it. By blogging, you can display ads on your website and make money by sending traffic to your website. If you are interested in blogging, feel free to read our article about different ways to make money at home. You need at least 3,000 to 4,500 Pesos to start a blog. You will need to buy a web host, a domain name, and SSL. The income in blogging may vary depending on the amount of traffic that your website is getting. In my case, I earn an average of 5 USD per 1,000 website visitors.

If you still don’t know where to invest your hard-earned money, here are other ways to earn money that you can try this year. We’ve written several articles that you might be interested in. Here are some to name a few:

  1. How to be a financial advisor
  2. Non-essential items that are worth selling
  3. How to Earn from Vlogging (video blog)