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Putting up a business in the Philippines where you can start earning money is
a very critical task to be done. You might end up losing your money if you do
not take precautions in investing your capital for a business.
For that matter, Biznews comes up a list of ideas where you can start and grow
your own business:
The good side of it is that the capital isn't too big and the Return on
Investment (ROI) comes shortly depending on how big the projects are and
the number of clients. The competition is stiff, but the chance to become rich
in this kind of business is higher.
2. Online Selling - As part of no. 1, online selling can also be a good business
in Philippines. This is quite different to the first one though because you can
sell even your handmade products or you can start an online buy and sell.
Another thing is that there are lots of online buy and sell platforms that you
can see like sulit.com.ph for almost all kinds of products and tipidpc.com for
gadgets and gaming consoles. No need to have a big capital.
3. Food Cart - F&B industry in the Philippines is one of the most competitive
fields when it comes to business. Giants like Jollibee, Mcdonalds, KFC, and
other big food and beverages companies emerged and have been dominating
the food industry for a long time.
Good news for those who want to start with a small capital is that they can
start with a food cart business. You can even start your food cart business with
a capital of P20,000. Or if you want a good one, higher capital should be
invested.
The return takes quite a long time. But if you can handle your income and roll
it the way it should be, this kind of business could become a money generating
monster for you.
4. Free Range Farming - I've read one entrepreneur story from a business
magazine some time ago about free range farming and it became very
intriguing to me as I have perceived that it is one of the easiest ways to raise
livestock within just your backyard.
It is one method of raising chickens, without making them pent inside a cage.
It means that you will raise them freely. This will make your chickens healthier
and less stressed leading you to sell them easily at the right price.
5. Sari-sari Store - For those who have only a small capital, having a mini
store or sari-sari store is good to start with. There are Filipino entrepreneurs
who started earning money through this and actually become one of the most
popular entrepreneurs in the country.
6. Garage Sale - Don't have any capital to start your own business? Try
selling stuffs from your garage. It could be a start of something good
depending on the quality of items that you are about to sale in your garage. If
you have a bunch of unused valuable things in your house, you can sell it and
earn money.
9. Catering - This is a business that will surely fit to the Filipino people.
Why? Celebration has become part of our traditions. Fiestas, birthdays,
weddings, etc. However, we don't want to be stressed in preparing foods for
our guests. That's when the catering services take place.
If budget is enough, you can start your own franchising business. You don't
have to worry about the competition because no matter how stiff it is,
conducting an in-depth surveillance where you can put up your business will
be your key.
There are different types of outsourcing services that are well known in the
country. One of them is the finance and accounting outsourcing services.
15. Real Estate Buy and Sell - This is one of the most challenging business
that you can try. It requires lots of marketing skills and perseverance if you
want to succeed. Though, the competition is really stiff, it could still boost your
financial status dramatically if you manage to succeed. You can be a real estate
agent, broker, or a landlord/lady. Check this little group from Camella Homes
if you want to become a real estate retailer.
Here in the Philippines, real estate industry is really booming where you can
have lots of options where to live. From a simple house to a high rise condo.
17. Pawnshop - This is another good source of income. This is where you take
advantage of small money borrowers and those who are in a rush of finding
money and can't afford to get loans from big lending companies. With medium
to big capital, you can start your own pawnshop.
The logic of this business is to get as much clients as possible with little
interest on every amount of money that they lend. If this climb into a good
number, you will surely generate huge money from it.
21. Water Refilling Station - If you haven't seen any water refilling station
in your community, that means that you have the opportunity to start one.
This is one of the most in-demand community businesses that could grow fast
especially if you have no competitors in your town.
23. Fishing Business - If you are located in a rural area or province, you can
start this kind of business. With proper knowledge, money, manpower, and
location, you can start delivering fresh water fish in urban areas and earn good
amount of money.
24. Meat Shop - These types of businesses are common in wet markets.
However, others prefer to set up a meat shop business away from wet markets
to avoid the competition. Managing to have this business running without any
competition will likely to bring lots of money to you.
28. Vegetable Stand - Other than meat shops, you can also set up a business
in a wet and dry market in a form of Vegetable Stand. Offer fresh and healthy
vegetables. You are not only earning money, you also offer a healthy diet to
your customers.
30. Yoga Class - If you have Yoga fundamentals, you can start to open your
own Yoga class studio. This is a good business and actually earn a good
amount of money since yoga class is quite expensive on a student's end
31. Architectural Firm - Though this kind of business is quite competitive
and requires quite a big budget, the demand for architectural services in the
Philippines is rapidly growing because of many infrastructure projects that
emerge. This brings a lot of money if one can manage to have several big
clients. If you think you have the skills and capability to run this kind of
business, you have a better chance of earning lots of money. One example of a
good architectural service firm in the Philippines is the Arollado and Partners
Inc.,
32. Law Firm - Having a law firm doesn't require high budget. All you need is
a team of lawyers that can give advise and help clients with their legal issues.
This usually comes from different field of lawyering. If you want to maximize
the profit, a dynamic lawyering service would be a great idea since you can
deal with all types of legal issues. Divina Law, a law firm that is based in
Manila would be a great example of a dynamic lawyering firm.
33. Air Charter Services - This comes in the form of Private Plane and
Helicopter sales & rentals. This is a type of business that needs huge budget
since you will be using planes and helicopters. The costs of maintenance and
fuel is staggering. But if you manage to succeed in this business, you will
surely earn huge amount of money. In the Philippines, Lion Air is the leading
Private Jet and Helicopter rental and sales company.
34. Hotel Supplies - Hotels and Condominiums are rapidly rising within the
Philippine urban areas especially in Manila. And becoming a hotel supplier is
a good way to take advantage of the country's growing infrastructure industry.
40. Card Making and Designs - Are you a creative person who wants to put
up a business but don't have enough capital? Try to leverage your creativity by
making cards with good designs and sell them.
41. Scrapbook Making - There are lots of people that are eager to have their
very own scrapbook but are unable to make for themselves. This is a good
opportunity to use your creativity and help them to make one for them. Of
course with the right price.
42. Pet Grooming - Filipinos are pet lovers. However, majority of pet owners
don't have time or are not keen on grooming their pets. This is when pet
groomers make the job easier for these owners. You don't need a store to offer
your services. All you need is the right fundamentals on pet grooming.
48. Cell Phone Loading Business - With only a small capital, you can start
selling cell phone load to your neighbors. Check out Vmobile Technologies
load E extreme they are the most popular in the Philippines when it comes to
loading business.
51. Appliance Repair Business - With the latest technology and the need
for appliances rises, this is the type of business that will bring a pretty good
profit. The big deal is that appliances are the basic needs of every family. You
can take advantage of this by investing in an appliance repair business.
55. Fitness Coach - Filipinos are now becoming more and more conscious
about health, especially with the weight. In fact, fitness coaches have seen a
big demand for fitness programs from 2014 to 2015. So if you have a
knowledge in fitness coaching, this might be the best opportunity for you.
56. Cold Food and Beverages Selling - Perfect every summer. There are
lots of cold drinks and food to sell even if not in summer season. A variety of
options such as ice cream, cold bottles of water, soda drinks and a lot more.
With just a small capital, you can start selling these stuffs right in front of your
house.
60. Launch a Hotel in Boracay - Did you know that Boracay is the world's
top beach destination in 2016? Yes that's right. That is also the reason why
there are lots of hotels and resorts sprouting within the island. Though this
business requires lots of funding, you are very well ensured that what you have
invested will return in just a few years.
61. French Fries - Making it from scratch will cut your business cost at
nearly half. Of course, the effort should be there. This is one of those
businesses that needs low capital with high return. If you don't see anyone in
your neighborhood selling this salted carbohydrate, you can take advantage of
it by offering your home made french fries.
62. Hamburger Stall - If you have enough money to franchise one, then go
get it. If not, you can make your own version from scratch. This is considered
as street food in the Philippines and you can find lots of them on the roadside.
63. Fried Chicken Stall - They're everywhere. And that makes it look easy
to start. You can see stalls selling friend chickens. This type of small business
requires a small capital at around P3,000 to P5,000 for chicken and stall. The
return is quite good as well since there are households that sometimes choose
to buy cooked food for dinner.
64. Ice Cream - This is a type of food that you can store if there's leftovers
and sell it the other day as long as it is stored properly. The good thing about
selling ice cream is that, there's no lean season. You can always sell this kind of
food anytime of the year and earn a good amount of money.