Question:
Ok ba ngayon mag-business ng hardware and construction supplies? How much capital does one need? Thanks! - Crystal Goodness
Answer:
We have a hardware business. It’s my parents business and I’m very much hands-on ever since, siguro mga gradeschool palang ako aware na ko sa business na ‘to.
Hardware business is really okay, sabi nga ng lolo ko (who started it all, at lahat ng anak nya may hardware na ngayon), e wala ka lugi dito since hindi nabubulok ang paninda mo.. and lahat halos ng paninda mo ay necessity in one way or the other sa household. Your items wont go out of style, as compared to RTW business na pag hindi na uso, hindi na bibilhin.
Yung tanong mo na kung okay ba mag hardware business ngayon.. your location will answer your question. Strategic location dapat. Dun ka magtayo kung saan booming ang place. Like you won’t put up a hardware in a place where every kanto has one already, or in a place where you see it’s already fully developed na tipong puro “for renovation” or “for maintenance” na lang ang bibilhin sa yo. dapat dun sa tipong pa-start pa lang ang development ng lugar. Kasi in that way, from start to finish ng construction sa ‘yo na yan kukuha.
When it comes to capital, sa panahon na ‘to medyo malaki-laki na ang kakailanganin mo. Well, for one, you have to have your structure including the istante, cabinets, warehouse, then your delivery trucks, consider your rent also, plus your bills and pasweldo. Kasi pag nag start pa lang, you won’t always rely on the money your business will generate. Kasi what if you won’t be able to generate your expected payables? So dapat may back-up capital ka. As for the items you will be selling, suppliers usually give terms. Like for hardware items 120 days ang terms nyan ususally. If construction items naman, shorter terms nyan minsan 15-30 days lang, Minsan cash pa. Depende sa mapag usapan nyo ng supplier.
Tip ko lang sa ‘yo na mas mataas ang profit ng hardware items compared to construction materials, and yung construction items ang talagang pinagtyatyagaan i-canvass ng mga buyers. So you have to really compete with others. Dapat aware ka rin sa presyo. You have to be updated sa price ng construction materials. Usually sa 5-20 pesos lang ang tubo sa construction materials. Yung sand/gravel by the truck na yan so hindi ko ma-quantify how much talaga tubo dun pero hindi rin ganun ka-taas dapat mark-up mo. Ang okay naman kasi dyan, kahit ganun lang profit mo per piece, hindi naman yan bibilhin ng por piraso lang, right? They will be building a house so madamihan yan, plus tatagal pa ng buwan. So accumulated profit nun mataas na rin. Hope youre getting my drift. then bawi ka nalang sa harware items like electrical, paint, water hose. Dyan pwede ka na mag-laro sa profit. (Pero my example still depends on your location ha, kasi if you are the only hardware store there in your place, syempre pwede ka magtaas ng mark-up kahit sa construction materials.)
- advice from Irene at GirlTalk
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October 11th, 2007 at 7:02 pm
Omni Says: 6/05/2006 10:10:00 AM
Hello from the United States!! :-)
Omni
Anonymous Says: 9/07/2006 04:43:00 PM
very well said… thank you. ang galing mong mag advice kasi kumpleto at klaro.
Ernie Says: 10/07/2006 04:18:00 PM
We are a newly distributor of GP batteries in the Philippines.GP batteries is one of the leading batteries in Asia with factories all over the world. We are looking for sub distributors in major provinces and cities in the Philippines.Requirements should have delivery vans, with salesmen, and existing customers.We will evaluate if you qualify.Please send us email at earn2000@smartwifi.com.ph if interested.
Anonymous Says: 10/15/2006 11:44:00 PM
galing ng guamawa ng site na ‘to.
andami mong matututuhan
Anonymous Says: 1/01/2007 07:20:00 AM
it was a good advice, i learned so much from it… by the way, do have a site for construction materials and hardware supplies price list (upadated for philippine buyers) thanks
RHOBERT Says: 1/02/2007 09:52:00 AM
just new in this site…
i’m planning of putting up a hardware supply in our province. location is along the highway and near intersection but already have existing construction supply nearby which only sells matls for big contructions such as gravel and sand, cement, deformed bars. for a start, i want my hardware business to sell small items such as nails, bolts and nuts, etc and more on electrical supplies. pls advise if this would be feasible. also can you provide lists of hardware/electrical suppliers and LIST of most frequently bought items….
Thanks and Happy New Year to all!!!
Anonymous Says: 1/30/2007 07:13:00 AM
gmuthe advises was rational and informative. Wanted to start a hardware business and the column really was a boast..
more power..
william(Baguio City)
February 22nd, 2008 at 3:29 pm
Hi! Good day…
Ok pala dito… Anyway, ask ko lang about hardware and construction….
Ano ba yung mga proposed government actions about hardware and construction? Ano yung mga regulations?
We’re making a research about the hardware industries, plano kasi naming mag “put-up” ng hardware…
Any help is very much appreciated…
Thanks!
Denz Marquez
February 25th, 2008 at 8:36 pm
advise of Irene was really informative, by the way would she advise against setting up a hardware business in the metropolis na?where sa baba ng house nyo yun would be site?
March 24th, 2008 at 11:51 am
hi peeps, meron po b kau latest pricelist ng construction materials? pasend naman po s email syntax_4708@yahoo.com., kelangan ko kc ng budget for the renovation of my house and i don’t know the actual price of such materials n ggmitin.,wla png time n mgcanvass right now kc busy p s office., so if you can send mo the list malaking tulong n skin un.,
March 25th, 2008 at 3:28 pm
meron po b kau latest pricelist ng construction materials pa send din po me kelangan ko rin po sa pagpapagawa ng bahay ng tito ko sa us.
March 25th, 2008 at 3:30 pm
meron po b kau latest pricelist ng construction materials pa send din po me kelangan ko rin po sa pagpapagawa ng bahay ng tito ko galing sa u.s. hindi nya kasi alam latest price ngaun.
March 28th, 2008 at 1:18 pm
heres my email jericorp23@yahoo.com
April 2nd, 2008 at 3:06 pm
Pakiemail naman po latest pricelist ng mga materials na gagamitin for house construction including finishing materials. my email: ronald_ytable@yahoo.com.
Thank you po.
April 19th, 2008 at 12:19 pm
puede po ba paemail din po ng latest pricelist ng mga materials.were building a house right now.ur help will be much appreciated.tnx po heres my email:sureluck2004@yahoo.com
April 23rd, 2008 at 3:56 pm
hi! paemail naman po pricelist ng latest construction materials. we’re planning to construct a house and kelangan po namin ng pricelist para po maestemate namin kakailanganin namin gastusin, kelangan din kasi namin para sa loan application namin. ur responce will be of great help for us. more power! God Bless!
e-mail : kathrapirap@yahoo.com
April 29th, 2008 at 6:49 pm
Hi how are you? We are planning to start construction & hardware business, would you please forward to me price list of latest construction materials and list of suppliers, kasi para maka profit namna kami I am in province of Masbate now. Would you like to recommend for the motorcycle parts business or suppliers. Thank you and more power
April 30th, 2008 at 9:02 am
puede po ba paemail din po ng latest pricelist ng mga materials. bka this 1st week of May start ako pagawa bahay…tnx po heres my email: csp_pidlaoan@yahoo.com.ph
April 30th, 2008 at 10:39 am
hi! pwedeng paemail din ako ng latest pricelist ng construction materials. magstart na kc kaming magparenovate ng house two weeks from now. tnx. chanicableau@yahoo.com
May 2nd, 2008 at 3:29 pm
meron po b kau latest pricelist ng construction materials pa send din po me kelangan ko rin po sa pagpapagawa ng commercial ressidential building some part here in ilocos sur hindi nya kasi alam latest price ngaun.
thanks
May 4th, 2008 at 1:02 pm
hi! baka po peding makahingi din ako ng latest pricelist ng construction materials..magpapa renovate din po kasi kami ng house this month..baka po peding paki email sa mina0castillo@yahoo.com
salamat po ng marami.
May 9th, 2008 at 12:16 pm
dami nangagailangan ng pricelist ah! meron nb ngsend s inyo? yung meron n pashare nmn din, eto po email ko igme827@yahoo.com
p.s.
maraming salamat!
May 12th, 2008 at 6:01 pm
Hi how are you? We are planning to start construction & hardware business, would you please forward to me price list of latest construction materials and list of suppliers, kasi para maka profit namna kami I am in province of Masbate now. Would you like to recommend for the motorcycle parts business or suppliers. Thank you and more power My e-mail address modesto_postrano2001@yahoo.com please send me on this e-mail address. Thanks and GOD BLESS YOU.
May 13th, 2008 at 3:35 pm
hi! meron po b kayo latest pricelist ng construction materials especially in electrical & plumbing p send nman po s email k.. arkianne_22@yahoo.com.. my project kasi po k 2storey residential..
thank you very much & God bless
May 16th, 2008 at 12:57 pm
pa email din ng latest price list ng construction materials. tnx