We had the good fortune of connecting with Yong Tayag and we’ve shared our conversation below.
Hi Yong, can you walk us through the thought-process of starting your business?
I’ve always wanted to have my own business, something that I solely conceptualized, from the name & logo, to the operations. Of course it also had to be something that’s in line with my interests. Growing up, I was into toys, especially robots, comics, & video games. More importantly, I appreciated the feeling of nostalgia.
Basically, it got jumpstarted during the pandemic when there was a need to earn more for my growing family since some branches of income weren’t working out at this time. I thought, it should be something that I should enjoy doing & it doesn’t require a lot of capital, given the situation. I assessed my interests & the available tools that can be beneficial to my business. I figured that since I was able to keep my toy collection through the decades, I can start with selling some of it. The courier business boomed during the pandemic making it easy to ship out orders & there’s also an abundance of online selling & payment platforms to choose from. When I decided on these things, I started to work on the finer details such as the name, logo, inventory, schedule, & product shots. I consulted my wife & my close friends who also have similar interests or experiences. Then I managed to invest in a massive photo box which can fit most related products & I was able to make quality shots by just using my old iPhone. Of course nothing is final & since my business is still young, it will keep on evolving.
Alright, so for those in our community who might not be familiar with your business, can you tell us more?
A big part of what I do is for the family leather business, we basically manufacture & retail leather goods here in the Philippines. I started my own business, Poseidon Toy Collectibles, early this year as a way to earn more during the pandemic & to keep myself busy with something that is in line with my interests. We specialize in collectibles such as toys, cards, games, comics, etc. mostly from the 80s & 90s. It wasn’t that difficult to set it up because of the countess business tools available online. The main challenge is how do I refresh my inventory to keep my customers interested. I have a pretty decent starting inventory but every now & then, I look for good deals online to keep my stocks fresh.
I like to use the line “take a time machine to the best of your youth” because that’s what we’re about, nostalgia. It’s such a wonderful feeling when you catch it & that’s what I hope my customers feel about their purchases too.
If you had a friend visiting you, what are some of the local spots you’d want to take them around to?
Being based in Metro Manila, there are a lot of great places to eat & drink in the city but since there’s an ongoing pandemic, movement is pretty limited. Assuming there’s none, bar hopping in Poblacion, Makati is a good place to start. If you go South, you can go for a quick vacation in the mountains around Tagaytay then head for the beaches in Batangas. Or you can choose to go further North of the Metro & head for Baguio, a favorite summer destination because of the cool mountain air. You may pass by the beaches of La Union along the way to go surfing!
The Shoutout series is all about recognizing that our success and where we are in life is at least somewhat thanks to the efforts, support, mentorship, love and encouragement of others. So is there someone that you want to dedicate your shoutout to?
I’d like to dedicate my shoutout to my wife, first and foremost. She was there from the start to motivate me & give sound, tasteful advice in every step of the business development. Of course, I’d like to include my 2 kids too, who keep me inspired.