A sari-sari store is popular in the Philippines. Every small village has this kind of store. This is a very helpful store because it's like a one-stop shop for the basic and daily needs of the people. Whether it's a big one or a small one, it can still be called a sari-sari store because it sells different goods. For example, coffee, food, drinks, and many more. Well, for those not familiar with this sari-sari you can compare it as a convenience store.
A year ago, I built my own store thanks to hive but it's just not about it right now. This post will be about the #marketfriday tag so I'll be sharing with you how we do things in a sari-sari store. I'm going to tell you that we bought our products from bigger stores at a low price and then sold them with a higher price but only added cents or pesos. Well, if you're going to sell it at an expensive price the community can not afford. Considering the life status of most households in a community.
When you buy a product you should buy it in a group or let's say a bundle. If you own a store you should buy products that are wholesale. Let me explain it more for it to be understood.
Example:
If 1 coffee is bought it costs 15 pesos. However, if you bought it in a single tie or numbers just like 10 or 12 you can buy it lower. The 15 pesos amount will be lessened because the price of a single tie containing 10 pcs of coffee is just 120 pesos. So when buying it in a tie you only bought the coffee with 12 something. That's why you can have profits for a small amount but when it's a bigger quantity it just means you'll make a bigger profit.
That's how we get the products we are selling. But there are products that you can not buy at a lesser price. If a product is like that, we only just add cents or pesos from its original price. That's how we make a profit when we can not buy products or goods at a wholesale price.
There are some products as well that we bought in a bigger quantity. Just for example, sugar, salt, oil, and soy sauce. We bought in sacks and containers so we will be the ones to measure in selling it. We measure ¼ kg of salt and sugar for a lower price so people can afford it.
These are just the basics on how to handle stores but in growing it's a matter of strategy and effort.
Thank you for reading
*All content is my own unless otherwise noted
If images are being recycled, I just found it fit in my article.*
ABOUT ME
Paul is the name but prefers to be called mrnightmare that feels like living in the dream. A country boy and a dreamboy (dreamer) who likes to stay in a small village even though it means abandoning the future to become a seaman. The passion is writing but not sailing in the vast ocean. Don't wonder if the face will not be shown, this is better where the words can flow smoothly. Come, you can tell me your stories and I'll tell you mine. Together, let's explore the world by broadening our thoughts. If you need a shoulder I can lean you mine and I hope I can lean yours. The world is fun when living is not being alone but with someone.
You can find me here: discord - mrnightmare89#2161