How the PisoNet Became Successful Essay

Piso dinero has been making preferably a buzz in the metro since early 2010, but its not solo until recently that the enterprise got the attention of business-minded folks. So what is Piso Net and how ar things from a business standpoint? Is it really a executable source of extra income? Piso Net is basically a merge of PC rental and colonnade rental work wherein customers can pay the services by inserting coins to the machine. The rate is typically 4mins/peso which also amounts to the typical meshwork Cafe at of Php15/hr. This rate can be tweaked higher or lower either to be more competitive and entice customers or gain more income by decreasing the minutes/pesoSo if theres not much difference in pricing, what is the wages of Piso Net over traditional Internet Cafes? Well some mesh cafes cause a fixed rates and minimum minutes of usage, this makes for not-so perfection scenario for budget-conscious Pinoys. And although the rate is the same, Piso Net offers a much flexible alternative that closely internet cafes done, and that is to have more control on how much beat and money a customer is willing to drop at a given while.The setup is rather simple with the bare PC pick are inside a wooden box similar to that of an Arcade machine or Videoke machine. Much like the Arcade machine, it is activated by inserting coin/s which triggers the machine. Once the time is consumed, the machine cuts off the divulge and will resume when a coin is inserted. The bottom wooden part inside the machine has a carved hole to collect the coins. What are the advantages compare to traditional inter caf?There are also new(prenominal) providers who offer the same configuration for a cheaper price. Depending on your market, which is most of the time your neighbors, you can choose a configuration that suits your markets inevitably (internet, gaming and/or document editing). Need slight to say that gauging your market and choosing the the right way configuration is cru cial to the success of the business and the amount of time to spend to return the enthronization. We did some research on how things are going on a revenue standpoint. We interviewed a housewife married to an OFW who runs a 3 Piso Net units business for little over six months now.She got it for Php20,000 apiece and fit(p) it in small space inside their house. According to her the monthly revenue averages at Php17,000/mo. If we break down on a per week and per day, the revenues averages at Php4,265 and Php610 respectively. So a Piso Net unit generates more or less Php5,600/month, Php1,410/week and Php200 a day.This revenue is based on 167 operation on a not-so developed are In price of cost of operation, she said that the 3 units electricity consumption amounts to Php2,700/month and Php1,000 for the internet service. Since shes not paying for the location, the total cost of operation sole(prenominal) sums to Php3,700/month. So if we deduct the TCO from the monthly average revenu e (17,000 3,700), youd have an average net revenue of Php13,300/month. At this pace, the turnaround for the return of investment is only 5 months. Another benefit of Piso Net is that it requires less confinement to maintain unlike with Internet Cafes. All the personnel need to do is to make sure that he/she has more than enough stock of 1 peso coins and units are pretty much on auto-pilot. I only wish that the future iteration of the machine supports coin amounts bigger than a Peso because it can be a pain in the screw to drop a coin every now and then.