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For Pynky Gomez Magsino, being a homemaker is
top priority. That is why she has decided to keep the PNKY
Collection, where she sells furniture and home accessories,
what she calls a backyard business.
Magsino started her business in 1979. She would
go all over Northern Luzon and the Visayas to look for antiques,
furniture and other home accessories that she could sell.
She opened her first branch of PNKY Collection in Baguio in
the same year. Her specialties are exotic pieces that are
made of recycled materials and garden furniture made of different
types of solid wood.
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| PNKY: The woman and her work |
She started out with P150,000 in capital and
managed the business until 1984. In 1985, the Magsinos decided
to try their luck in the United States forcing her to close
the shop.
It took the deadly Baguio earthquake in 1990
for her family to return to the country. She lost a sister
when the Hyatt Hotel in Baguio crumbled. Because of that incident,
Magsinos mother asked her family to return so that they
could be close to each other.
It was difficult for Magsino to restart her
furniture and home accessories business because she had lost
touch with her suppliers and the trends in the industry. But
she couldnt turn her back on the business because she
really enjoyed looking for antiques. She made a personal loan
of P1 million from her mother. In 1996, PNKY Collection was
reopened in Baguio. And aside from sourcing out products for
her business, she ventured into designing her own pieces.
The ideas for my designs usually sprout
from the things that I need but cannot find anywhere,
Magsino said. I get challenged by things that I cannot
find so I have already come up with designs for magazine bags,
tissue box holders and waste paper baskets.
Without any background in drawing, Magsino relies
heavily on craftsmen in the execution of her designs. The
outcomes have been very good and this is also my way of keeping
their craft alive.
The cost of coming up with her own design, however,
is relatively higher because she does not have her own factory
to produce the designs. But while it is more expensive, she
ascertained that customers get their moneys worth for
these are one-of-a kind pieces.
PNKY Collection grew beyond Magsinos expectations.
In February 2001, she opened her first Manila-based shop in
Malate. The shop was a hit. It would at times stay open until
12 midnight to accommodate customers.
A few months after, Magsino was offered a space
in Glorietta. She decided to get a small space to keep her
overhead costs down. It was here where her customers could
take a look at her small items and make appointments to meet
with her in her Mandaluyong showroom her own home.
What customers like about PNKY Collection is
the personal service Magsino extends to them. Most of
my customers are very satisfied with the items I sell to them
because I personally look out for their needs, she said.
The products may be on the high end but I can guarantee
the quality and the craftsmanship.
Magsino is focused on selling the items in her
inventory instead of buying any new pieces for now. She is
also in the process of finding ways to reach out to more people,
especially these days. Not too many people are buying
my products because times are hard, she said. Because
of this, I have to find ways to attract these people to part
with their money.
A hobby gone profitable the PNKY Collection
story inspires entrepreneurs to pursue what they love doing,
and just let the financial returns flow in time.
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