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Failing business, need some help po

the_minion · 10 · 3038

the_minion

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on: Dec 27, 2013, 01:35 PM
nagsimula po ako ng isang online t-shirt printing business nung October 2013 with positive outlook.

Nagkaroon naman ako ng first customer pero wala na akong customer sumunod
Totally online business ako so no rent tsaka yung store ko sa Facebook, yun nga lang 30Likes pa lang yung page ng store ko

Im losing hopes on this since maraming t-shirt printers, malakas competition, and mahirap maging unique since we offer the same services

Hindi rin ako makakagawa ng t-shirt line kasi wala akong creative/fashion sense

Help naman po, dapat ko pa po bang ipagpatuloy ito? or please give me advice on how will I make this business turnaround


chinito77

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Reply #1 on: Dec 27, 2013, 07:08 PM
You need to have your own line..

Anyway.. wala din ako alam sa fashion. The most i will do pag papasukin ko business na ito mag import ako then pwesto sa mga tiangge.  :watchuthink:

Pero yan yung isa sa mga business na di ko papasukin. To be honest.  :hihi:


freefront

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Reply #2 on: Dec 27, 2013, 07:45 PM
psssttt!

http://www.pinoymoneytalk.com/businesscoach-inc-january-2014-seminar-schedule/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+PinoyMoneyTalkpmtPinoysMakingMoneyTogether+%28Make+Money+Online%2C+Stock+Trading+%26+Philippine+Investments%29

your business is on January 6.

OT: from a young hiphop wannabe's t-shirt at the mall

I'm NOBODY. But NOBODY is perfect.  <<earned 2 chuckles from me. da chutzpah!


lemreyes

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Reply #3 on: Dec 27, 2013, 07:46 PM
1. Partner with someone creative.

2. Not online but contact schools/colleges for their Intramurals T-shirt.

3. Also companies for summer outings / outreach t-shirts.

4. No experience on this but worth a try. Get one of those fashion bloggers to endorse your shirt.  Make it viral.

5. Make an instagram/twitter contest about people with selfies wearing your product.


the_minion

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Reply #4 on: Dec 28, 2013, 09:06 AM
@lemreyes wow thanks for the ideas
especially the selfie contest in fb/twitter/insta kaso kapag may budget na po para sa prizes hehe
« Last Edit: Dec 28, 2013, 09:07 AM by the_minion »


Richard4

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Reply #5 on: Jan 07, 2014, 11:20 AM
Sales makes business go round bro without it you will be out of the business in no time
my tip for you as an entrepreneur to another:
1. know your competition and answer the question "why should people buy from you"?
2. sell your products in bulk, > smaller profit margin but make sure you will get brand recognition
3. Never stop looking for new clients and Always keep your exiting customers loyal - (not just satisfied but loyal)
as a famous sales man said satisfied customers are worthless loyal customers are everything. why?
would you rather have your wife satisfied or loyal?
Chill bro :) dont think too much familiar yourself to " paralysis of analysis"
ACT NOW
« Last Edit: Jan 20, 2014, 01:52 PM by Richard4 »


eskapologydotcom

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Reply #6 on: Jan 16, 2014, 02:54 AM
You have to realize that you don't have an "online t-shirt printing business."

You are in t-shirt retail business and you're just using the Internet.

My point is, you shouldn't limit yourself with online. As advice by Richard above.

Go out there and find buyers for your t-shirt.


Dos

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Reply #7 on: Jan 16, 2014, 10:38 AM
Here is an excerpt from the EntrepCircle Report December 2013 Issue:

The Mistake (Crime!) of Business Owners

Let me shock you.
Do you know WHY many businesses fail?
Here it is: Business owners make the mistake of giving too much time, energy, and effort on their product or business. I’m serious! This is the reason why many businesses fail.
If you’re doing that now, STOP.
Here’s the truth: Whatever you’re selling right now, whether it be food, or clothes, or houses, or services, that’s NOT your REAL business.
Instead, your real business is the MARKETING of your business!
Which is the Magic Key of business: DIRECT MARKETING.
(What’s the difference between “marketing” and “direct marketing”? I’ll explain later…)

This Is Your REAL Business…

Are you selling food? Food isn’t your business.
Selling clothes? Fashion isn’t your business.
Selling jewelry? Ain’t your business too.
Your real business is the MARKETING of your business.
You can’t delegate marketing to anyone.
You can’t hire someone to do this for you.

MARKETING is the lifeblood of your business.
It’s so crucial to your success, you’ve got to be on top of this yourself.
In fact, I’ve noticed that the most successful small business owners are their own MARKETING EXPERTS.
They may hire others to help, but at least at the start, they’re “hands-on” when it comes to marketing.
Struggling business owners pour very little time in learning this Magic Key. But the most successful entrepreneurs I know, at least at
a SPECIFIC PHASE in their business life, follow the Pareto principle: They pour 20 percent of their time on their product—and pour 80 percent of their time on MARKETING their product.
That’s the reason why they’re successful.
I’ve seen so many businesses fail because they don’t get this simple truth.
I don’t want your business to fail.
I urge you to learn this MAGIC KEY called Direct Marketing.


Hope the above gives you at least an idea to help you. God bless you!


Jayumaster

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Reply #8 on: Sep 11, 2014, 11:26 PM
I forgot where I have heard this: (Sa movie ata)

When selling, you must be aware kung ano ang itinitinda mo. For example: you are doing t-shirt printing. nagbebenta ka ba ng t-shirts na may print? Nagbebenta ka ba ng t-shirts na pwede kong i-personalize yung nakaprint? Nagbebenta ka ba ng t-shirts na pwedeng lagyan ng design na gusto ko?

Answer: None of the above.
"Nagbebenta ka ng fashion statement."
 "Nagbebenta ka ng exclusivity."
 "Nagbebenta ka ng pangporma at pangyabang na item."
"Nagbebenta ka ng damit na conversational piece."
 "Nagbebenta ka ng vanity."

Another example:
Ice cream(dirty ice cream) - sell smiles to children and happiness to parents seeing their children happy eating ice cream.
Cosmetics - sell sex, sell appeal, sell fashion, sell vanity, sell self-improvement, sell ego, sell confidence.
Coffee (high) - sell ego, sell exclusivity, sell yabang (starbucks), sell status symbol.
Gym/Computer/parlor etc (high) - sell membership, sell "for Members Only."
Cars (Ferrari, Audi, etc) - sell "only me owns this in the ______. Sell toys for the big boys.

You are not selling items that every other businessmen are selling. You are selling the feelings na mararamdaman ng customers after they buy. You are not selling them things, you are selling emotions. When you sell those things (emotions) then you are investing in your own brand. Return customers and higher pricing (which happy customers don't mind) comes next. I hope nakatulong.
« Last Edit: Sep 11, 2014, 11:28 PM by Jayumaster »


phreyesj23

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Reply #9 on: Sep 12, 2014, 08:21 AM
A business, is only a business, when it runs without little to no supervision needed from you that it runs smoothly as if you're there and would just occasionally need you to decide on big, mostly financial,  decisions moving forward.

And this is where most Filipino entrepreneurs are stuck. We're afraid to delegate tasks to another person, to hire people. We're afraid to entrust the business to someone else. That's why most small businesses remain small.

How could they possibly run an empire if they can't learn to trust someone just for their small business?

This is a normal mindset. I was like most start-up owners on the early months of our business (I have co-owners). I was the one doing the errands, doing the audits, talking to suppliers, dealing with customers and everything else.

Until I realize the business is already taking so much energy and time from me. Which I was not yet amenable to at the time since my job was still my bread and butter.

So little by little, I started delegating tasks I do best to someone from the family and started hiring people. Each week, I'll add tasks to them. Until I finally hand-over the duties of talking to our suppliers.

Today, I just check on the Excel and see the reports and decide on big financial decisions such as when acquiring assets or running promos and the like.   

Was it easy?

No, it never was. I believe there are at least 2 factors you need to consider before you can successfully hand-over the business to someone else: money and emotion. 

Remember, one person can only do so much.

You need to grow your business. So it's a misnomer to think that people will only cost you money. In fact, lack of production and failure to grow your business will cost you far more!



 


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