Business

Talks about Mommy Ginger’s business tips and advice for momtrepreneurs. She shares valuable knowledge on topics like branding, marketing and consumer insight.

One of the coaches that I have complete trust on is Mr. Jon Orana. This 2019, he’ll be running a Lifestyle Entrepreneur Summit.

It’s so appropriate that he used the term Lifestyle. Being a successful entrepreneur means know how to manage your LIFE, too. It’s not all about earning profit or selling to customers. A big chunk of an entrepreneur’s life is about developing and managing yourself and your time, about having an appropriate mindset that will make you sail through this journey and having a concrete and clear enough reason why you want to start your own business.

That’s why in this summit, the speakers will show you different ways to build an online business so you experience time freedom, financial freedom, & personal freedom.

I highly recommend that you attend this summit if…

  • You want to learn from experts and practitioners in their own fields and industries
  • You wan to live a life of FREEDOM — freedom from STRESS from not being to be able to do the things that you love the most and freedom from traffic (haha!)
  • You want to have clarity in terms of where you want to go and what you want to do as an entrepreneur.
  • You want to meet other like-minded individuals

The good news is you have a chance to join one at the 2019 Lifestyle Entrepreneur Summit.

And even better is the Php 2,000 discount for the event is still up for grabs. Use this promo code: ginger (All lower case)

Get your tickets here.

It is the ONLY business summit where we prioritize lifestyle over profits.

See all details here. See you there!

Yesterday, I was talking with a friend and we were talking about how the industry has changed over just a few years. It’s good that freelancing has provided Filipinos jobs, not only for people in Metro Manila but also in provincial areas. But, as the number of freelancers grow, the more competitive this landscape will be. Consider that there is a rapidly increasing number of gig workers all over the world.

To upgrade your freelancing career, you can’t just stay in your comfort zone. What do I mean by that? It means that you should be looking for ways to be relevant to your clientele. You should look for ways to stand out and at least attract a certain niche.

As a freelancer, there are two ways to “earn more”: 1) get more clients at the same price point or 2) increase your price and get quality clients. If you choose the second, understand that an increase in price should be equated to an increase in your brand value.

To increase your value though, you need to have skills that are in demand. You need to have a specific set of skills that not a lot of freelancers can offer.

As years go by, never stop evolving. Why? Because this fast paced world requires you to. As a freelancer, you need to catch up. You need to know what’s happening. The field of work along with the expertise in need changes every single day. What might be in trend today might be forgotten tomorrow.

Learn new skills that are required in your chosen vertical, but also be on the look-out, study and research on new technologies and new things that are being introduced in the market.

Life-long learning should be a priority. You need to be able to adapt to the changing needs of your clients and the world. Doing so will assure you of any job no matter what happens.

Today, I will be sharing with you some awesome tips on how to level up your freelancing journey. Some are absolutely free, while other strategies may need some investment. But all of them will contribute to your success as a freelancer.

Take Online Courses, Webinars, and Events

There are tons of free courses and webinars you can attend. Be careful though in choosing which ones to take.

While most experts launch courses to help others succeed, there are still those who do it for personal gain. It’s best to get to know the credentials of the person conducting the training. Also, look for practitioners. There is value in learning from another’s experiences (especially in this field). Doing so will help you learn and acquire new skills that you can use to level up your game.

Luckily, we have a lot of experts in the local industry that offers free online courses. There are also live events, like the PayPal Freelancer Community Workshops, you can attend to help you be a better freelancer.

I recently finished a workshop hosted by PayPal where I discussed how to become an “official” freelancer.

As freelancers, you should take advantage of these complementary events. Speakers in attendance are experts in their own rights. And they also have a lot of things to share that will help you upgrade your skills.

To know more about Paypal’s upcoming events, you can follow their Facebook page for details.

Maximize Online Quizzes and Worksheets

I’m a sucker for lists, worksheets and templates. I subscribe to newsletters just because they have a list or template that I’d love to have. The value though that you get from these online template, quizzes, worksheets, etc. is ONLY IF you actually use them.

Are you studying to be a copywriter? Check out this website for free copywriting worksheets.

Want to improve your social media marketing skills? Here are some downloadable worksheets to help you manage and plan your social media marketing strategies.

You can always go to Google and look for relevant quizzes and worksheets to test your conceptual knowledge of the topic or the skill.

Check out and use Web and Mobile Applications

Technology enables us to do whatever we want at the tip of our fingertips. When you put structure to what you do using technology, you will be more efficient. When you are more efficient, you never miss on any commitments that you have made to your client. You then become more trustworthy and credible.

One way you can professionalize your career is to prepare the needed documents of a client and submit it on time. Have proposals, contracts, project timelines, and invoices ready to be sent out. For invoices, create an online invoice already using your PayPal account. You can customize your invoices using your PayPal account / dashboard.

As freelancers, these documents are very important when it comes to winning a client. The more you inject professionalism in handling your freelancing business, the more clients will gravitate towards you.

What’s important is you keep up to date with the times and learn about the important updates related to your freelance business.

Here is a video on how to use the invoicing feature of PayPal.

Enroll in an Actual School or Class Setting

If you’re seriously considering to upgrade your skills, enrolling in a school or class setting would be the best to go.

Enrolling in a specialized course can give you all you need to get the proper training you need. But make sure that you will get the best out of it. After all, it’s your time that’s on the line.

Attend to all your classes and be punctual with your schedule. It’s also vital to do all the assignments and pass all the subjects. All of your efforts will be rewarded with a certificate that will signify your successful completion of the course.

This will also strengthen your expertise as a freelancer. It will also be beneficial for your career, since it will give you the credentials you need. It will also help you get better deals and better pricing for future projects.

Put Everything You Learn into Practice

As the famous Gary Vee says, “Ideas are sh*t without execution.”

This is so true! Learning about theories is good, but without practice, it wouldn’t mean anything. Those theories and concepts will just be put to waste if you don’t use it, and come up with concrete outputs.

Make sure to try out the things you learn. You don’t have to be an expert to get results. Plus, you get to learn more things when you start doing them.

In the vast world of freelancing where workers are coming from all over the world, what makes a freelancer successful most of the time is that he/she just starts acting on plans that they create.

Stop overthinking and start doing.

So, are you ready to upgrade your freelancing career?

Every January 2, I usually prepare all of my current Business Documents. I’m registered as a Sole Proprietorship. This means that I have to renew my documents with both the Local Government Unit / Municipal Hall and with the Bureau of Internal Revenue or BIR. Usually, I need to go to both places, which is such a hassle!

But guess what? This year, because of Taxumo, life became easier! You can now renew your 2018 Certificate of Registration or COR (file and pay form 0605)  via Taxumo!  

What Happens If I Don’t Renew My Certificate of Registration? 

To avoid penalties, the deadline for renewing your Certificate of Registration would be January 31. Failure to renew this would incur fines ranging from PHP 5,000 to PHP 20,000.

What Is the Standard Process of Business Renewal vs. the Taxumo Way? 

The standard process for renewing your Certificate of Registration would be: 

  • Go to your RDO (Revenue District Office) and submit a fill-out BIR Form 0605
  • The officer of the day will then compute the fees that you need to pay
  •  You need to settle the payment at an Authorized Agent Bank (AAB), duly accredited by the BIR in your RDO.  

Note: For more information, check out this article: Here’s What You Need to Do to Renew Your Business in the Philippines

The standard process could take hours, because of the number of people who will have to renew. If you value your time, just do it online!

With Taxumo, you just pay your Certificate of Registration online, without the stress. 

Here are the Steps to Renew Your COR via Taxumo: 

If you already have an existing Taxumo account, all you need to do is activate the 0605 Form on your company profile. 

To do this, simply follow the steps listed below.

  1. Go to your company profile
  2. Scroll down until you see the forms that you need to file.
  3. Check on the 0605 form and click the save changes button. 
  4. Go to your account dashboard and click on the file button.
  5. Fill-up the form details (applicable date if you’re paying for 2019 is Dec. 31, 2019)
  6. Choose your preferred payment method and click pay.
  7. That’s it! You’re done. 

It’s super easy!

Note that this process is only for renewing your BIR Certificate of Registration. Again, if you are a sole proprietorship, have a partnership or corporations, you still have to renew you other business documents (baranggay clearance and business permits) in the LGU / Municipal hall.

If you have any questions, you can always message Taxumo using their chatbox at their site: https://www.taxumo.com 

Share the good news!

More women are now leaving their jobs in the corporate world in exchange for raising a family. And while this is a decision that they whole-heartedly made, most moms are still on the lookout for small business ideas for extra income and of course, for self-fulfilment.

Thankfully, there are already a lot of small business ideas that let you have total control of your time and resources. And with today’s technology and connectivity, opportunities to put up a business have become limitless.

As an entrepreneur, I get asked questions about the best small business ideas almost all the time. Most of those who ask me are moms, too, so today, I decided to list down five of the best business ventures stay-at-home-moms can start in a jiffy.

Here we go!

Business Idea # 1: Consultation Services for Analytical Moms

In the past, consultants equate to high-level data processing for huge businesses. But today, consultants can refer to anyone that has a special set of skills.

And it’s not limited to business.

We now have beauty consultants, health, and wellness consultants, and even personal coaches.

So what qualifications or certifications do you need to become one?

Truth is, certifications will depend on the expertise that you offer.

For example, certifications from previous work is a plus for business consultancy. You can present certificates on project management or business analysis. You can also use licenses for supply chain management or business planning.

Your years of experience can also attest to your expertise as a consultant. You can create a portfolio to showcase your skills and the clients that you have worked with in the past. Make a note of all your skills and services you can provide, I would suggest using a Journal from Jofelo as it’s one of the best.

Here are some examples of skills and services you can offer consultancy for:

  • Accounting
  • Advertising
  • Auditing
  • Career counseling
  • Communications
  • Business Consulting
  • Editorial Services
  • Insurance
  • Marketing
  • Writing
  • Beauty
  • Self-care
  • Finance
  • Health and Wellness
  • Fashion Stylist
  • Events Management

Business Idea # 2: Food Services for the Foodie Mom

Filipinos are foodies by heart, and our meals are more than just for nourishment. And today, we are becoming more experimental with tastes and textures.

That’s why it’s a pretty good time for foodie moms to share their tried and tested recipes with others.

Food entrepreneurs can now choose from different delivery options to get their products to customers. While having a good location still matters, it is no longer a limitation when it comes to great food.

Food carts and food hubs have offered food entrepreneurs more venues to offer their unique tastes. Weekly meal plans and other specialized diets can now be delivered door to door.

This solves a much greater dilemma for the growing crowd who are too busy to prepare healthy and great-tasting meals.

Get more tips on how to start your food business from Tycoon.ph here.

Business Idea # 3: Essential Oils for the Holistic Mom

Essential oils have been in use even way before the rise of modern medicine. Ancient civilizations have used essential oils for healing.

And it’s only today that this practice is being revived.

So why are essential oils a good business for moms?

A recent search on Google Trends shows that the search for essential oils has increased over the past year. As you can see in the image below, more people are becoming interested in learning more about how essential oils can make their lives better.

You have two ways of selling essential oils. One is to create your own blends and sell them under your brand, or source them and resell them online.

Some oils can be used as rollers for instant application throughout the day. Others can be bottled for diffusers or for creating personal blends.

You can also sell popular brands like Plant Therapy, Young Living, and dOTTERA oils.

But what’s most important is to learn more about essential oils and its uses before you make it a business. This will help you recommend the best oils to use for ailments and situations.

If you’d like to learn more about essential oils, check out Essentially KP.

Business Idea # 4: Online Store for the Shopaholic Mom

If you’re a gadget geek, a shopaholic, or a mom who knows how to make great finds, then an online shop can be an awesome business for you.

Mobile marketing is one of the biggest trends today. With all the available apps like Shoppee, Lazada, and OLX, it’s now easier to sell products and services to your target market.

Even Facebook has created Marketplace, where you can sell your products to different people at different locations.

So what can you sell online? Virtually everything you can think of.

Now you can find mobile devices, clothes, beauty products, food product, gadgets, and other stuff with just a tap of a button. And it’s also easy to sell because of the popularity of these apps.

If you have a bigger budget or want to sell in higher volumes, you can even do dropshipping and e-commerce stores.

Want to learn more about how to start your own online store business? Watch out for our upcoming workshops at Manila Workshops (http://manilaworkshops.com/events)

Business Idea # 5: Learning Centers for the Number-savvy Mom

If you love teaching kids, then setting up a learning center may be the best option for you.

I’ve been toying about this business idea for a while now. I’ve been tutoring Zeeka a lot recently and I was thinking of accepting other kids for tutorial sessions in the afternoon.

It’s like hitting two birds with one stone. I get to earn extra, and Zeeka also gets to have playdates after the session is done.

But if you want to take it up a level higher, you can open up a tutorial center, a daycare, or even franchise your own Math and Reading centers.

Zeeka has been trying out S.A.M. Singapore Math and she enjoys it. Ever since we started, it’s been easier for her to see patterns and understand equations better. But most of all, doing the program helped her improve her analytical skills.

Read more about our S.A.M Singapore Math experience here.

Now the good thing about this is, S.A.M Singapore Math also offers franchise opportunities for anyone who loves to teach and want to make a difference in children’s lives.

Check out this video to learn more about how you can start your own S.A.M Singapore Math Center today:

https://youtu.be/eJVQX8JFdHs

Now what’s awesome with a franchise business is that you’re not in it alone.

Franchises have a higher success rate compared to starting up your own. Instead, you get all the support and assistance you need to make the business a success.

You will get access to programs and training, marketing assistance, and even get help in choosing the best location to put up your business. This saves you a huge amount of time and effort, especially if it’s your first time pursuing a business.

Here’s what you need to become a S.A.M. Singapore Math Instructor:

    • Passionate about children and education
    • Love for children, and share a genuine passion for educating young minds
    • Degree holder in any discipline or professional qualification
    • Excellent English skills, and have fair knowledge in Maths
    • Excellent interpersonal and communication skills
    • Full-time dedication and commitment
    • Able to invest a minimum of P680,000 in order to start a SAM center or have a Tutorial Centre that does not offer Mathematics curriculum.

For inquiries on how to become a S.A.M Singapore Math franchisee, visit their website here.

There are many reasons why mothers make awesome business women.

We’re so used to handling so many things in different things at the same time. We’re awesome at budgeting and making ends meet. We are so good at choosing the best products for our kids and selling them to our mommy friends. Amiga marketing at its finest!

But most of all, we women have the strength, the wits, and the ability to maximize our full potential in any way we see fit.

So go ahead and start your small business idea today! And I’ll be here to cheer you on.

Do you have any tips on how you successfully started own small business ideas? Let us know in the comments below.

The thing about how to price freelance services is that it is so complicated. How do you price your own time, effort and expertise? How do we price fairly so as not to devalue ourselves or over-charge our clients?

I honestly think that I don’t have the “right” answer to this question, but what I can share with you today is how I do it for my own freelancing services.

The Basics of Pricing

One of the most common questions is, “What should I consider in pricing my freelancing gig?” The answer to this depends on the (1) services you provide, (2) the market or customers that you want to attract, and (3) your target duration for the engagement or for how long you will do it.

As a freelancer, you can consider two approaches: B2C and the B2B approach. The B2C approach is the business to consumer approach where you offer your services to individuals. The other approach is the business to business or B2B approach where you offer your services to businesses and large corporations (sometimes called “enterprise” services / offerings).

These two approaches matter, because of the costs per conversion (for this specific article, a conversion is a client that avails your services) will certainly be different for each approach.

4 Things to Consider on How to Price Freelance Services

#1 Check on what method you’d like to use after identifying your customer or the market that you want to tap.

There are two kinds of pricing methods that you can use:

One is the cost-plus pricing.

In this process, you will first try to figure out the basic or the total cost of your service while considering your time and the amount or weight of work. Then, after having a total cost price, you may now add a certain percentage which will serve as your profit.

I personally look at the total variable costs and top up a percentage on the total variable costs. Then, I come up with a floor price and a ceiling price for reference.

Most of the tools that we use as freelancers are online, Software-as-a-Service products. I usually use my PayPal account to pay for these services. This allows me to conveniently track my online expenses. This helps me collate all of my costs easily.

If you don’t have a PayPal account yet, you can click on this link to sign up: http://bit.ly/GA_O_PayPalSignUp

Usually, for the B2B approach, you can use a more value-based pricing strategy.  This means that you need to look at the value that you can give to the customer, and then without forgetting your costs, come up with a price that you feel best “quantifies” the value that you can give.

No matter what strategy you use, what matters most is that you give justice to whatever the client is paying for you to do.

Consider your monthly budget and try to figure out how many hours you will have to work to achieve that budget. By doing this, you can avoid overpricing.

 

#2 Check on the current Market Price for services like yours.

Surf the net and research on the price of your competitor’s services.

It would be much better if you will come up with a spreadsheet and list down all the freelancers, services and prices you’ve seen. From there, try to identify the value or set of values that you can give that your competitors can’t (unique value proposition). Check on how much value this can give the customer, try to again “quantify” it, and then see what an appropriate price will be given its uniqueness.

Pro tip: You may charge higher or lower than your competitors and it’s perfectly fine! Your pricing will depend on the value that you bring and on how efficiently you run your freelancing business.

 

#3 There’s no harm in asking your Client for a Budget

You can also ask the client about his/her allotted budget if you’re unsure of how to price freelance services. Then, go through the steps I indicated above.

See if that budget is something that you can work with. Also, money is not the only thing that matters. If you see that servicing this customer will get you more clients in the future, or if you think this will be a good addition to your portfolio, then go ahead and grab the deal.

 

#4 Don’t be Afraid to Negotiate

As a freelancer, you need to learn how to face and deal with clients. This career entails you mastering the art of negotiation, and also, knowing how to deal with rejection.

There will also be some clients who will ask for lower rates. Some may even ask you why you’re charging higher when your previous work required much less pay.

You need to know your worth for you to come up with a fair price for you and your client. And to do that, you need to have an estimated target income. This way, you can estimate how many clients you need to achieve that goal.  

Instead of becoming defensive or triggered, it is best to focus on creating a relationship with your client first. Make sure you make them feel that you’re genuinely interested in their business and enthusiastic about working with them.

 

In closing for How to Price Freelance Services…

Remember, it’s the quality of clients that count more than the quantity. So focus on the positive and keep on connecting with potential clients.

Also, always have a clear view of your cash flow. At the end of the day, your net income will be based on how much you earn less how much you spend.

Paypal also has a feature that gives you valuable insights on your income and expenses. With Reports, you get to see your average monthly income and other financial reports. This will help you keep track of your earnings and see if you’re reaching your target amounts.

Here is how you pull reports on PayPal:

Tracking your financial reports will also give you a glimpse of which acquisition strategies to use. If you’re doing the same thing and getting the same results, then it’s time to up the ante and change strategies. Then take note of which strategies work and then bank on them.

Learning how to price freelance services can be tricky at first.

But trust me, once you’ve learned and implemented the process and the strategies above, it will be a ride in the park. Good luck in coming up with prices for your services and if you need anything from me, just let me know in the comments section below.