Nov 282017

A monthly salary usually isn’t enough to have a comfortable life. This is the reason why having “rackets” or “side hustles” is important. It allows you to be more productive and it generates more money for you monthly versus just relying on your job. The money you earn is also dependent on how much time and effort you put into it. That said, here are 5 side hustles you can do today in the Philippines leveraging digital and technology.

1. Be a Grab or Uber Partner

If you have a car, you can apply to be a Grab or Uber driver partner. The great thing about this is that you’re your own boss. You can bring the car out during your free time or during certain windows where Uber/Grab pays more. You just have to bear with the insane Manila traffic but at least you’re getting paid for it.

How to Apply as an Uber Driver in the Philippines
How to Apply as a Grab Driver in the Philippines

2.Buy Bitcoin

This is probably the riskiest way to make more money. Given how Bitcoin’s value is skyrocketing right now, you can make a bet on it by buying a certain amount and just wait for it to appreciate. You can sell it later on when the value has grown significantly.

By the way, there’s no minimum amount to buy Bitcoin. You can just start with 500 and learn about it. Once you’re more comfortable, you can start investing more.

How to Buy Bitcoin in the Philippines

3. Sell on Lazada

If you have products you can sell, you can do it via Lazada. They have millions of traffic daily. Think of it as joining a bazaar but instead of thousands of people daily, you have millions of potential buyers. To sell on Lazada you need to be an official business (either sole prop via DTI or company via SEC). You can read more about how to sell online Lazada in the Philippines here.

4. Sell on OLX

This is probably the most underrated way to make more money. Take a look at your house and check which items you’re not using anymore. You can sell those to make money. Just take photos, make an account on OLX, list them, and wait for the buyers. Once you have a buyer, nego the price, sell, and then deliver or have them pick the item up. You’ll be surprised at how much cash you can make through this.

5. Make Your Own Online Store

Last, but definitely not the least, is to make your own online store. This used to cause hundreds of thousands of pesos to do but now you can just sign up an account at Shopify or Shopee and they have ready made templates and services (payment platform, COD, shipping) that you can take advantage of for a minimal fee monthly.

So there you go! 5 ways for you to make more money this Holiday season!

Oct 102017
DTI to Consumers: Be Informed, Practice Your Consumer Rights

With the digital economy expanding faster than consumers can catch up, the Department of Trade and Industry is faced with a myriad of questions—and complaints—on how to protect and enforce consumer rights. The answer, DTI offers, is simple: Practice! Get yourself informed using all digital means available. “Consumer Rights in the Digital Age” is the central theme for DTI’s Consumer Welfare Month this October, and the agency has lined up activities strategically aimed at getting consumers to be more familiar and vigilant about their rights as buyers. The highlight will be the forum on Consumer Rights in the Digital Age on October 20, when DTI is also expected to sign a Memorandum of Agreement with Digital Commerce Association of the Philippines. The agency will also be launching its digital-based Frontline Queuing System for its Fair Trade Enforcement Bureau on October 25. DTI Undersecretary Teodoro Pascua points out, “This celebration is the best opportunity for the Department to widen its reach to consumers and to accentuate the programs that will assist them in exercising their rights and be more participative on issues that will benefit them.” But as a consumer, there are also several initiatives you can do, not just to take part in the activities, but to practice and strengthen your own knowledge of consumer rights: Check out the e-Presyo website  The E-presyo website is DTI’s online price monitoring system. It contains all the items monitored under its Suggested Retail Price list, so that before you hit groceries and supermarkets, Read More …

Sep 172015

DEPARTMENT OF TRADE and Industry (DTI) Secretary Gregory L. Domingo yesterday said the Philippines’ average economic growth may exceed 6.5% over the next 10 years, helped by the European Union-Generalized Scheme of Preferences Plus (EU-GSP+), a recovery in exports, and the entry of foreign manufacturers.