The busy lifestyle of many Filipinos has led to open several centers meant to make payment for utilities easier and faster. One of those centers is the Bayad Center – one of the most trusted and in demand payment center in the Philippines.
Through Bayad Center, one doesn’t have to go to many places to pay for their internet, water, and electricity bill costing them so much time and effort. They have the facility that will allow an individual to pay their bills all at once in one place. That’s why it was never a question why many have seen this as a good investment for it provides convenience to many Filipinos.
How to franchise a Bayad Center?
For interested applicants, the following steps should be followed:
- Visit the website of Bayad Center;
- Fill out the online contact information form;
- Choose “Franchise Inquiry”;
- Key in details of your inquiry; and
- Wait for further notice and/or reply from Bayad Center.
Is Bayad Center a good investment?
Compared to other payment centers in the country, Bayad Center is considerably the most recognized brand and claims to be the trusted payment center by big companies such as but not limited to; Meralco, PLDT, SMART, SSS, Maynilad and Philam Life. It only goes to show that in the long run, with these influencing companies utilizing the service provided by Bayad Center, more companies will invest and partner with them. Aside from that, they also have the largest number of franchise all over the Philippines which goes to show that there’s a profit and market in franchising Bayad Center.
What are the good thing about franchising Bayad Center?
The good thing about franchising Bayad Center is that It offers the following services: bill payment, remittancce, business services, and e-loading. For each service, as a franchisee, you will earn a certain amount per transaction.
How much is your potential profit from Bayad Center?
With an initial fee of PHP 350,00.00 with five (5) years term, PHP 120,000.00 for all the equipments needed and renovation amounting to PHP 130,000.00 and PHP 600,000.00 cash bond, you will have to invest PHP 1.2M in order to operate Bayad Center.
But the good take about it is that you can earn at least PHP 6-7.50 per transaction of payment, PHP 55.00 for money remittance and PHP 200.00 for credit card application. That’s why as per Bayad Center, a franchisee will be able to get the investment back at around two (2) years or less depending on the population of the place where the franchisee have decided to put up the Bayad Center.
What are the potential risks of franchising Bayad Center?
Since we are talking about money here, the potential risk of franchising Bayad Center is hiring trustworthy and loyal employees who will ensure that all transactions and money collected are in safe hands. Also, security measures are a big factor for all Bayad Centers since it’s one of the places targeted by burglars. Thus, a reliable and dependable security guard should also be guaranteed to ensure that the place is safe at all times.
Who are my target customers in Bayad Center?
The target customers for Bayad Centers are most likely individuals that have families already or those residing in areas where Meralco, Maynilad, or other stores partner with Bayad Center are quite far away. Since the essence of the payment center is to provide ease of payment, it is strategic to put it in a location where you’ll be the center provider of payment facility to many people.
Where should I put up my Bayad Center franchise?
The management requires a franchisee to proposed a 15 sq. meters place to put up a store. Most franchised Bayad Centers are ideally placed near villages, subdivisions, condominium buildings so that people won’t have to travel long enough to pay for their bills.
For more information, you may contact them at (02) 631 2222 local 6067 / 0925 814 3266, or reach out to Antonette P. Giray (firstname.lastname@example.org), Abhigail A. Ocampo (email@example.com) or to Tzaddi Carreon (firstname.lastname@example.org). Their office is located at CIS Bayad Center Inc., Business Solution Center, Meralco Complex, Ortigas Avenue, Pasig City, Philippines.