Setting up a Complete Memorial Service Business
Denise Emille Duque
October 31, 2022
In the Philippines, certain cultures have a unique way of burying the dead. After a death, the relatives of the deceased hold a wake to honor them and to give time to their loved ones to say goodbye before the death ceremony. Typically, they embalm and dress up the body, place it in a coffin, and the family decides whether to hold the wake at home or at a funeral home. The mourners pay their last respects to the dead before the burial for roughly seven days. Because of the processes and resources involved, it may be impractical for families to carry out the wake and funeral themselves.
Enter: memorial service providers. They’re the ones helping the families give the best and the most respected way to bid their deceased loved ones goodbye to our loved ones. In the Philippines, most funeral service providers have package deals aligned with particular budgets in mind.
Funeral service cost in the Philippines range from the following:
1.)The cheapest are ranging between 8,000 to 15,000 pesos.
2.) The mid-range funeral services may cost up to 250,000 pesos.
3.) High-range services may range from 300,000 to half a million pesos.
If you don’t want a coffin service, you may opt for cremation. Here, they burn the deceased person's body and store the ashes in an urn made from your choice of material (e.g., marble, metal). While others may choose cremation for its practicality, some still prefer a coffin service for religious reasons.
Cremation services in the Philippines can cost around the following ranges:
1.) Direct cremation services – 65,000.
2.) Cremation with urn viewing – 65.000.
3.) Cremation with casket viewing – 140,000.
Here are the things you need when you have decided to put a Memorial Service Business:
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Business Plan - You will need to make a plan before you put this into a reality, on this business plan it will help you to realize what are the important things you need, and it will also help you to identify what are the thing you lack before having this services.
A.) Capital - The capital is the one who shoulder the all costs involved by opening a funeral service. A funeral home business requires a lot of equipment especially for embalming and cremation. Expected to buy a cremation table, cremation system, hydraulic lifts, refrigerated storage, computer, and printer. Caskets, flowers, lighting and clothes must be purchased depending on the customer’s wants. This kind of business also requires an operating space, parking lot, laborers and insurance. You must also take care of the viewing area that may require tables and couches.
B.) Prepare for the ongoing expenses - operating space, labor, utilities, marketing, caskets and equipment for embalming and cremation.
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Legal Entity of the Funeral Home service - In order to operate this business, the government must know what your business is all about and one of them is the legality of the business, the legality of the business’s place.
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Registration of business and License/Permits - same as the legality of the business’s place, the business must go in the right procedure wherein you have enough license and permit in order to give you a go signal to operate your business. Examples of it are the Business permit and Barangay Permit.
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Defining your Brand - The more uniqueness of your services, the more people you may catch their attention, so think the most creative way on how you make your brand different to others.
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Putting a website - Most of the people use different websites everyday, so make a website for your customer, maybe there are some people who don't know where to have a funeral service for their dead loved ones.
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Promotion - By promoting your services, it may help you to gain customers. Put enough money for advertisement because it is the one that may catch your customer’s attention.
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Identifying your target place - If you already identify your target place, it will be easy for you to have customers. A piece of advice, put your business or advertisement near a hospital where most of the people died.
Reference:
https://www.funeralwise.com/resources/funeral-industry/
https://www.thomasmillermortuary.com/our-services/multicultural-services/filipino-funeral-traditions/
https://www.goldenhaven.com.ph/blog/how-much-does-a-funeral-service-cost-in-the-philippines/
https://howtostartanllc.com/business-ideas/funeral-home
https://www.fsb.org.uk/resources-page/what-is-a-business-plan.html