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benelynne

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Global Bohol Inc.--business idea for interested TB members
« on: November 14, 2007, 10:58:38 PM »
Rather than fight off the addictive TB habit, why not make hanging out here worthwhile and productive? Allow me to propose a business concept that will add value to the time we spend here. I think the global network of Boholanos we have established within a brief period can be mobilized to make a positive contribution to Bohol's economy and provide employment opportunities to Boholanos.

This is an invitation for brainstorming. Your inputs and reality check are most welcome.

If needed, I will break down my own ideas to digestible bits. I hope we could eventually come up with a working project under what we may tentatively call Global Bohol Inc.

Potential Projects

Call Center

I believe that the most suitable industry for Bohol is in the service sector. Being based in Japan, I can only speak about tested business opportunities here that will earn us foreign currency (yen) with minimal investment whose profits and risks we can spread among those who are interested.

You see, there are about 250,000 Filipinos here, more than 50% of whom are from the Visayas and Mindanao. As Japan is still the boomtown of the world, the Filipino market segment is lucrative. Just to give you an idea, the Philippine-bound international telephone traffic hovers only between 3rd or 4th in volume after the US, China and Korea. Door-to-door cargo forwarding accommodates about 10,000 balikbayan boxes every month. ABS-CBN has sold about 10,000 subcriptions to its new video-on-demand TFCko product within seven months of launching.

Based on the data I gathered from industry sources, more than 60% of the above sales are made by call centers, mostly based in Manila. To think that there are more Visayan-speaking than Tagalog-speaking Filipinos in Japan! I was thinking: if Tagbilaran has the minimum required infrastructure for a call center, why not do it here? We have the advantage of speaking the predominant language of the target market, lower rent and other overhead costs.

At an ABS-CBN Japan meeting today, to which I was invited as a consultant, a Korean dealer who has a network of 10 Manila-based call centers asked me to help him expand the market for his company's products: prepaid telephone cards, rechargeable telephone cards, internet subscriptions, cellular phones, etc. (all of which are a staple consumption of Filipinos). ABS-CBN is also offering an attractive yen-denominated commission for its TFCko subscriptions.

I have a database of about 12,000 Filipino residents in Japan. The product suppliers are also willing to provide us with client data.



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lumine

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Re: Global Bohol Inc.--business idea for interested TB members
« Reply #1 on: November 14, 2007, 11:55:46 PM »
nice idea, mr. bene!

Macky Ferniz

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Re: Global Bohol Inc.--business idea for interested TB members
« Reply #2 on: November 15, 2007, 01:33:50 AM »
Call center is one nice idea Mr. Benelyne. It is lucrative, it needs only a minimum initial capital and it is a low risk venture. However, let us not forget that call centers have already reached its predominant stage. That means you are not alone, but you have to deal with lots of competition from various companies in order to grab a share in the market place.

So, this is just one of the idea and let us not limit our minds to existing businesses that we saw and heared. Think of something new, unique, something innovative, think outside the box. Think of something that yields exponential growth with less input, less effort and low risk.

Once you come up with an idea, you have to do the SWOT analysis(Strenth, Weakness, Opportunities and Threats).

Yes, a call centre could be something good to start with.

Over and above, a company has to be built first to host the business. This company must consist of strong leaders, must have a noble vision with policies built on ethics (pro-labor, pro-environment).

I am thinking of something and will come back on this thread soon.
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benelynne

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« Reply #3 on: November 15, 2007, 09:16:19 AM »

The idea dawned on me at the dealers' conference called by ABS-CBN Japan in Tokyo last night in which it was disclosed that in the case of the IPTV product, more than 70% of sales last month were generated by Manila-based call centers. If you look at the data for this product, the market is really far from saturation, as the total penetration is still less than 5%.

And it's not only ABS-CBN that's dashing at the plum Japan market. GMA is also trying to make a homerun in the more traditional satellite broadcast market. Channel 7 has tied up with a Japanese company that has a call center in Ortigas Center (just imagine their operating cost).

On the other hand, telecom services are recurring consumer products whose demand--given the close-knit nature of Filipinos who love to talk long distance about anything--will never taper off. From my pulse of the market right here on the ground, Japan-bound call center industry can still accommodate players. Many of the marketing companies, like my Korean friend, here are still frenziedly looking for call-center partners.

You're right, Macky Ferniz, we need an initial project that is easy to set up, with manageable overhead and will generate immediate cash flow for us. Correct me if I am technologically naive, but if you have an internet cafe with ten terminals, you can easily convert it into a call center using IPphone. Paging Mari! The difference is that you will be earning foreign currency (yen). I can assure you, as soon as at least ten telephone lines are installed, we can immediately get the ball rolling as I have a client database and the suppliers' products. Payment cycle from point of sale is two to three months.

The Japan market is a good start for this company because we do not need intensive language training for telemarketers (no need for American or British accent) as the market we will be serving is the Japan-based Filipino, who is likely a Visayan 6 out of 10 times. So our training will be directed at marketing skills and product knowledge.

Once we get on the track, of course we can widen our market to the more sophisticated North American or perhaps British markets. And if we have the basic operating infrastructure and a regular cash flow, we can venture into more innovative fields you're thinking of.

benelynne

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« Reply #4 on: November 15, 2007, 09:38:19 AM »
To discuss the mechanics of setting up the company in more concrete and simplified terms, those among us who are based in Tagbilaran can make a cost study of the initial investment. Offhand, I think Php 1 million is sufficient for the basic infrastructure--but I am not really sure.

We can then issue shares, perhaps at $50 or $100 per share or its peso equivalent. As this is an incorporation, we can then have a board of directors, which will decide on organizational and operational matters. Jun Ayag and our other corporate men can perhaps share their wisdom on financial and organizational matters. Our members in the legal sector and in the government can perhaps give us administrative guidance.

We who are based overseas can mobilize our marketing network to keep this company busy. Eventually, we look forward to timing our vacation during a payout of dividends.

Macky Ferniz

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Re: Global Bohol Inc.--business idea for interested TB members
« Reply #5 on: November 15, 2007, 07:42:54 PM »
This is very interesting. We need brainstorming, more research, more analysis.

benelynne

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« Reply #6 on: November 16, 2007, 08:00:31 AM »

Potential Projects

Travel & Tour


It would certainly be fun to have EBs and travel around Bohol, but even more fun if we could do it in the best places in town at the best rates. As a corporate entity, Global Bohol Inc. (GBI) can serve as a booking agency. The discount we get depends on the number of quests we bring to the hotels and resorts... Bisag sa mga taga TB lang and their families, whose members go home at least once every three years, I think we can already gather the minimum number to get corporate rates. Count our friends, colleagues and acquaintances. Include those among us who want to actively promote Bohol as a tourist destination. GBI can add more value to the service by handling the ground logistics--the transportation and tour guide services.

The Department of Tourism (DOT), if you notice, is really pushing Bohol to the fore of its tourism campaign worldwide. I was told the Japanese are the most numerous visitors to our island, followed by Koreans. The DOT has created a special promotional unit called the "Japan Team" to give their campaign in Japan a more vigorous push. I am sure they are doing similar initiatives in North America, Europe and other major tourist markets. We are in the best position to take advantage of these opportunities. We just have to gel our ideas and put our act together.

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Re: Global Bohol Inc.--business idea for interested TB members
« Reply #7 on: November 16, 2007, 09:21:53 AM »
(about the call center) The fact that your operators can speak Visayan, that's what sticks out as the unique advantage.  If you have permission to use that client data to make sales calls - then definitely, go for it!
I'm sure you and your fellow OFWs in Japan could come up with the capital needed - but am I correct in thinking that you want to offer it as an opportunity to the wider Bohalano community - who may be in greater need of a good investment?

benelynne

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« Reply #8 on: November 16, 2007, 10:32:02 AM »

You're right, Ben. I will certainly encourage some of my friends to invest, but I am offering this to the Boholanos first because the operation base will be Tagbilaran.  I myself will invest in this company, but I don't want to overstretch myself by looking at the day-to-day operations. I think there are more Boholanos who are familiar with the local terrain and can handle this better. As Macky here says, we just have to maintain a high standard of corporate management.

I myself am running a small company in Japan, and most of the product providers are actually my clients whose documentary, translation and marketing collateral needs I service. In fact, ABS-CBN has designated my company as a dealer. There are three other companies--two in the telecom and one in the beauty product (interestingly, the Filipino market here is 80% female)--that are enthusiastically urging me to set up a call center to sell their products. But I am willing to subcontract all the marketing jobs they are giving me to GBI, should this entity indeed be realized.

I am in possession of a client database of 12,000 from my various clients--telecom, cargo, magazine and TV subscriptions. There will definitely be ethical considerations in the use of these data for marketing--but most of these data were openly volunteered by the clients in the various promotional events and campaigns I have done for my corporate clients. Moreover, to boost our sales activities of their products, my corporate clients themselves are willing to provide us with additional data. They would like to outsource their marketing operation to GBI.

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« Reply #9 on: November 16, 2007, 02:44:12 PM »

Very interesting topic.

Call center based in Tagbilaran -- the government still needs to put in place the digital/broadband backbone to meet the technical requirements. I heard PLDT is one of those considered to install this. Globelines broadband is here but we are not sure this is already sufficient.

Travel & Tours -- To be accredited with DOT, the minimum capital investment is P500,000.00.

This smacks of a grand conspiracy to hide the non-existent, to identify the nameless, to paint a picture of the unseen. -- Benelynne

benelynne

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« Reply #10 on: November 16, 2007, 03:31:53 PM »

Thanks for the info, GEC. They're still falling over themselves to catch you, but I've framed you here in this thread, so I consider this lucky.

I hope you could get more specific info on the technical and cost requirements to have 10 IPphones installed. We are thinking here of a modest operation, which can be adjusted upward depending on the improvement of BB capacity as well as the market response.

I simply have the gut sense that a call center manned by Visayan telemarketers, serving a mostly Visayan-speaking market, will do well in Tagbilaran.

And of course, since our name is "global", that's only to kick off our foray into other markets...

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« Reply #11 on: November 16, 2007, 03:35:16 PM »

Ok, benny.

I'll snoop around and eavesdrop on their conversation ;D   Feed you more info as they come.


C yah around.


asianfairy

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« Reply #12 on: November 16, 2007, 05:38:22 PM »
Great idea Sir Benelenne. I fully agree with you that it is good if we in TB can also organized some sort of foundation or a business where we can used part of the profit to help those who are in need.

I personally think that A call center is better than a Travel & Tour business. I am not saying this because we have a travel agency already. Pero mas maayo kon mangita ta ug kanang business nga dako ang makita kay daghan man ta magtabangay.

IMO, The idea of TB owning a bank or a TB hospital, TB university will bring much profit.
Anything is possible if we only will trust each other and believe on it.

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asianfairy

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« Reply #13 on: November 16, 2007, 05:41:02 PM »
Here is btw, the url to our travel & tour. Kon kinsa tong gusto motour nga taga TB , I will give 20% discount.
For those who want to travel abroad, I can also give some discounts on the plane tickets.

http://www.tagarotravelntour.com/index.html
Daghan nindot pics ani. so try to visit.

Ciao!

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« Reply #14 on: November 16, 2007, 05:46:20 PM »


Gee, wow!  I am tempted to avail of this offer, Asianfairy!
Imagine, 20% discount!

Somebody, stop me ;D


asianfairy

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« Reply #15 on: November 16, 2007, 06:01:37 PM »
he..he.. Gec basta imo ko sultihan sa PM kon kinsa ka..pwede 50% discount ako ihatag. ;D

Check the gallery section sa mga fruits nga pics. tam-is kaayo ang mangga no?

Gisultihan kana ni Mike kinsa tag-iaya adtong iyang latest nga balak? sultihi pod ko bi. :-))

-<GEC348>-

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« Reply #16 on: November 16, 2007, 06:13:43 PM »


Wa nah.... mingluya na akog tuhod sa imong offer, Asianfairy....
Dili na ko makabarog... matintal na jud ko...

Ako si-


-<GEC348>-

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« Reply #17 on: November 16, 2007, 06:14:15 PM »


Naghisgut ka sa balak ni mike.  No. wala pa siya mo PM nako. ;)


Sigbin II

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« Reply #18 on: November 16, 2007, 08:43:23 PM »
Sir, two very good ideas.  There are a couple of call centers here but the pay and other terms and conditions of employment are not as competitive as those in Cebu.  If you can offer better terms for call center workers here that would be excellent.  I think your main problem will be location but I believe it will not be difficult to resolve.
Buno!  Bangko-lamesa, tinidor-kutsara, plato-platito, sud-an, adobo, pahawa ka!

asianfairy

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« Reply #19 on: November 17, 2007, 02:11:17 PM »

Gec, anytime basta ikaw..just PM me and I promised to give you the discounts. We have promos too if you want a weeks vacation to Singapore or Thailand and visit Mari in December :-)

Take care.



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