"We need a brand, Leo," Maria said, scrolling through his current website on her phone. "Something that tells a story, something people remember."
Leo nodded. "You're right. We've got the products, but we need the image."
He decided to invest in professional branding. He found a talented graphic designer, Carla, who understood his vision.
"I want something that reflects Catanduanes," Leo explained, showing her photos of the island's rugged coastline and vibrant sunsets. "Something that captures the freshness of the sea and the warmth of our people."
Carla created a beautiful logo, a stylized image of a fishing boat against a backdrop of swirling ocean waves, with a warm, earthy color palette. She also designed sleek, eco-friendly packaging that showcased the dried fish and told the story of its origin.
Branding and Design Expenses:
Logo and Packaging Design: 40,000 PHP (one-time)
Next, he focused on his website. He hired a freelance web developer, Ben, to create a modern, user-friendly e-commerce platform.
"Ben," Leo said, "I want a website that's easy to navigate, with high-quality photos and detailed product descriptions. And it needs to be mobile-friendly."
Ben delivered a stunning website, complete with an online store, a blog, and a customer review section.
Website Development Expenses:
Website Development and E-commerce Setup: 60,000 PHP (one-time)
Leo then delved into the world of digital marketing. He took online courses on social media marketing, content marketing, and search engine optimization (SEO). He learned about creating engaging content, using relevant keywords, and building backlinks.
"We need to create valuable content," he told his marketing team. "Recipes, cooking tips, stories about Catanduanes. Something that people will want to share."
He started creating blog posts, videos, and infographics. He also built an email list, offering exclusive deals and updates to his subscribers.
"Social media is our megaphone," he said to Ana. "We need to use it to reach our customers, build relationships, and create a community."
He invested in social media marketing tools, like scheduling software and analytics platforms. He also ran targeted advertising campaigns, focusing on specific demographics and interests.
Digital Marketing Expenses:
Online Courses and Resources: 5,000 PHP (one-time) Social Media Marketing Tools: 1,000 PHP/month Content Creation (ongoing): 2,000 PHP/week SEO and Online Advertising: 10,000 PHP/week Email Marketing Platform: 500 PHP/month
"We should add customer reviews to the website, Boss Leo," Ana suggested, "People trust reviews."
"Great idea, Ana," Leo replied. "We'll also add a live chat feature. That way, we can answer customer questions in real time."
Increased Sales and Updated Capital:
The investment in branding and online presence paid off. Sales continued to grow, particularly online.
Weekly Sales:
Market/Grocery Sales (Manila): 70,000 PHP Online Sales (Manila): 60,000 PHP Market/Grocery Sales (Quezon City): 55,000 PHP Makati/BGC Sales: 90,000 PHP Total Weekly Sales: 275,000 PHP
Weekly Expenses:
Accommodation (Manila, 7 nights): 2,100 PHP Food (Manila, 7 days): 1,750 PHP Transportation (Manila, 7 days): 1,050 PHP Phone/Internet (7 days): 350 PHP Employee Wages (Ana): 3,000 PHP Packaging Materials: 4,500 PHP Delivery Costs: 7,500 PHP Shopee/Lazada Fees: 5,500 PHP Social Media Marketing: 2,000 PHP Storage Space Rental (Quezon City): 3,500 PHP Transportation (Quezon City):: 800 PHP Online Advertising/SEO: 10,000 PHP Content Creation: 2,000 PHP Partnership Fees: 5,000 PHP New Product Development: 2,000 PHP Loyalty Program/Promotions: 2,500 PHP Market Research Exploration: 1,000 PHP Dating/Gifts: 1,800 PHP Investment Platform Fees: 500 PHP Premium Product Development: 20,000 PHP Rent (BGC): 150,000 PHP Social Media tools: 1,000 PHP Email Marketing: 500 PHP Total Weekly Expenses: 227,850 PHP
Weekly Profit:
Weekly Profit: 275,000 PHP - 227,850 PHP = 47,150 PHP
Updated Capital:
Previous Capital: 498,900 PHP Logo/Packaging Design (one-time): -40,000 PHP Website Development (one-time): -60,000 PHP Online Courses (one-time): -5,000 PHP Weekly Profit: 47,150 PHP Remaining Capital: 498,900 PHP - 40,000 PHP - 60,000 PHP - 5,000 PHP + 47,150 PHP = 441,050 PHP
Leo was weaving a digital tapestry, connecting his business to a wider audience. He was building a strong brand identity, creating engaging content, and leveraging the power of online marketing. He was transforming his dried fish business into a digital success story.