Ideal for: Entrepreneurs who plan to put up a business near schools or those who enjoy making and selling ice cream. If you own a car and you’re thinking of driving it for profit in your free time, you can join any ride-sharing companies like Grab, OWTO, and HYPE as a TNVS operator or driver. A sole proprietorship is considerably the easiest to register. Let’s get started! Invest in this raw material and strike it rich by becoming one of the Philippines’ leading suppliers. The best solution is to contract general cleaning services that can conduct comprehensive cleaning once a month. Starting this venture won’t cost you a lot because the materials are readily available in your home or from neighbors: plastic bottles, plastic wrappers, old clothes, and other common household items. Hard to maintain rice quality in flood-prone areas. Free TESDA automotive courses for those who want to start an auto repair shop. Property developers have been establishing new commercial and residential centres. Building software programs or mobile apps is a lucrative freelance business for web developers. Capital: Php 30,000 to Php 100,000 (for a motorcycle). Think of Christmas 12 months a year! Setting up an online business does not require a large investment. Free gym memberships and other gym access perks. Why not make something profitable out of fresh fruits during the hottest months of the year? There will always be something that needs fixing in a home. Chicken Rotisserie (Lechon Manok) Business. Freelance virtual assistants who want to start their own business. Does not need to have a specialized degree or to be licensed, as the industry is unregulated in the country. Small eateries, locally known as carinderia or turo-turo, are still the go-to places for customers looking for cheap home-cooked meals. Need to thoroughly study and understand the nature of mushrooms and their production before starting the business. With the increasing popularity of MMA primarily because of UFC, the number of Filipinos who want to learn Brazilian Jujitsu, Muay Thai, wrestling, and boxing is growing. You can fulfill such a need with your upholstery business. Selling ice-cold drinks is one of the low-cost yet profitable small business ideas in a tropical country like the Philippines. Requires regular maintenance and housekeeping. Turn scraps into crafts and cash with a recycled crafts business. You can start giving private swimming lessons in your pool or your client’s. There’ll always be buyers regardless of price movements. Photo booth suppliers charge Php 3,000 to Php 5,000 per two to four-hour event. Why it’s a profitable business: Even with tight competition, water refilling stations enjoy a steady income. Required fields are marked *. Ideal for: Collectible hobbyists with a keen eye for rare, high-demand items. Then, you have to network extensively to build your lead list. Anyone with the passion and patience for running a processed meat business. According to Elance, one-eighth of their freelancers or one million individuals are from the Philippines. The challenge of making clothes in a broad range of sizes available. Anyone who loves to share their knowledge, passion, advice, and experiences. Later on, you may expand your business by building your own swim school. Some celebrity trainers 9 charge around Php 5,000 to Php 10,000 in consultation fees. Here is a Listed of Top 30 Small Business Ideas in Philippines with Less Money #1. With the water levels at Angat Dam below comfort levels plus the threat of El Niño, Department of Energy has advised that the possibility of rotating black outs may happen in 2016. Statistics show that businesses that blog generate 126% more leads. Setting up this type of business is relatively easy as you can put up your own store in front of your house. Unconventional working hours, like during late evenings and weekends (Depending on clients’ availability). . Best Small Business Ideas in the Philippines [Editor’s Picks] 1. Virtual Assistant, Content Marketing, and Editorial Services. This food business also has a high earning potential, as proven by a couple who makes Php 50,000 by selling siomai7. 47. Small Business Ideas for Aspiring Entrepreneurs . Need to invest in equipment (computers and headsets). You can make money from this profitable market by opening a small gym or fitness center in your home or a heavy foot traffic location. Stay-at-home moms who love baking and want to turn their hobby into a home-based business. I am a full time blogger. The most popular are eBay Philippines and olx.ph (before it is sulit.com.ph). Many social media-savvy millennials are conscious about their looks and health. This is why households and businesses avail of pest control services to eliminate pests and protect their properties from infestation. Ideal for: Filipinos looking for a business with affordable startup costs and guaranteed profits. While the traditional internet cafe is no longer viable, all is not lost if you want to venture in this kind of business. Quick preparation with commercial ice cream makers. You may not alter or remove any trademark, copyright or other notice from copies of the content. Perhaps it’s an opportunity to open a drugstore offering low-cost but high-quality generic medicines. Inventory losses when food products reach expiration dates. Entrepreneurs who want to boost income from their existing business like a sari-sari store, internet cafe, pharmacy, etc. If you want to break into the printing industry, one of the most profitable options is a tarpaulin business. Second, by going to their homes instead of them going to your store, your service becomes convenient. Internet Cafe: One of Today’s Most Successful Small Business Idea in the Philippines. The challenge of finding qualified transcriptionists with a medical background plus fast and accurate transcribing skills. E-commerce has opened a lot of online business opportunities that you can manage in the comfort of your own home. This site uses Akismet to reduce spam. Nothing beats a professionally shot image even in the age of selfies. Gift boxes are received with a monthly subscription service. Needs adequate space (at least 300 sqm) to accommodate multiple cars and customers. Lucrative business to start in the Philippines. Only 2% of mushrooms are locally grown (the rest are imported), so there’s a large market for this high-value crop. Do you know how to use a sewing machine? Requires sewing skills and equipment for alterations to match customers’ sizes. Once you have completed the above homework, you are almost set to open your small business with low investment. Php 88,000 to Php 170,000 (for a teacher training course). Some adults also want to learn this critical life skill. Would-be entrepreneurs who are willing to wake up in the wee hours to buy crops to sell. This is the type of business that the second richest man in the Philippines “Manny Villar” is doing. Depression occurs when an individual has no outlet to release pent-up emotions, cannot find a resolution to ongoing issues, or do not have acceptance in his/her unfortunate state of affairs. E-commerce presents great opportunities for you to succeed in the retail business in the Philippines. Cons: Need a lot of patience, as students have different learning paces and behaviors. Why it’s a profitable business: Running errands for busy clients and businesses (such as paying bills, laundry pickup and delivery, gift and grocery shopping, and product delivery) make a great source of income. Ideal for: People with culinary skills who live in high-traffic areas near schools and offices. Termites, cockroaches, mosquitoes, mice, and other pests exist everywhere and can cause health and sanitation issues. Business Format Franchise. Why not make something profitable out of fresh fruits during the hottest months of the year? Why it’s a profitable business idea: If you want to break into the printing industry, one of the most profitable options is a tarpaulin business. Digital Marketing Services. In the next section, we are going to list down some of the tried-and-tested business ideas in the Philippines organized into different categories. Turn your passion into profit by starting an adventure travel business. Personal Concierge and Errand Services. A mobile mechanic will always come in handy if a car suffers engine trouble in an unlikely setting. All you need are a computer, Internet service, and a work area that inspires creativity. For example, to save on operational costs, subcontractors are hired by companies to find smaller shops to manufacture the components and supplies in smaller quantities. Ideal for: Aspiring entrepreneurs who live or can find a good rental space near a school, government/private office, or any establishment that need bulk copying services, Pros: Cheap business to start with a potential for profit, Cons: Risk of losing customers when your photocopying machine is broken or when you run out of toner or paper. However, it is actually more economical to just run your home air-conditioner than to spend a day at the mall. Ingredients like buko and other fruits can easily spoil. In the Philippines, there are two main types of franchising:. You can profit from that by selling pet supplies through Facebook, Instagram, Lazada, Shopee, and other online marketplaces. Need to invest in a vehicle or outsource a third-party service for daily meal deliveries. Senior citizens and gardening enthusiasts. Remember that 98% of all new businesses are small businesses, and most prefer to establish a corporation. Longer product shelf life (due to preservation methods) than unprocessed meat. However, it sometimes becomes tedious to make the drive to a mall just to get a haircut. Working in late evenings and weekends to have meetings with busy clients. People with used items to sell and have skills in networking and sales talk. Cons: Requires a spacious room to accommodate multiple pets and differently sized cages. By providing such services, you can build a profitable venture because of the high probability of getting long-term and repeat business. Do you have a hobby that can benefit others too? Filipino meals aren’t complete without rice. Why it’s a profitable business: There’s a growing demand for laundry businesses in the Philippines. The number of vehicle owners in the Philippines is growing. Food Cart Business Why it’s a profitable business: Love taking care of plants and want to make money from it? Need to build everything from scratch (from planning to execution) if you’ll start your own food cart compared to franchising one. As a website designer, you will need to have on-board a web programmer, graphics artist, and perhaps an expert on search engine optimization (SEO). Why it’s a profitable business: Mushroom farming15 has so much potential in the Philippines where there’s a growing demand for gourmet and organic mushrooms (which are used as ingredients for chicharon, noodles, burger patties, and other organic food products). If you’ve been working for the last few decades, have strung up a long list of accolades, achievements, and have built a strong, solid reputation for developing businesses, it may be time to share your expertise with others. He is the Executive Producer @JanellaTV and also doubles as the CEO, POJAS Properties Ltd. Pros and Cons of Doing Business in South Korea. Cons: Must supervise minors to prevent access to illicit websites and avoid getting your business into trouble with the law14. Thus, starting a trucking business now—especially as a B2B service—will be a great investment for the future. 12. Filipinos love to accessorize and constantly search for unique and interesting jewellery designs. Ideal for: Furniture makers or anyone with sewing skills who enjoys working on furniture, Cons: The challenge of getting your first customers; may need to offer low introductory rates when you’re starting out to build a client base. Food cart franchises can range from Php30,000 to Php250,000 depending on the product, equipment, and package. Great way to earn money from selling your skills and improving your digital marketing knowledge. Tapsilog is the Filipino breakfast favorite. Simple jobs like these can earn as much as Php 1,000 to Php 2,000 daily. It is estimated that 4 out of 10 Filipinos will own a smart phone by the end of 2015 because of decreased prices and improved network systems. You can provide gardening consultancy and maintenance, indoor and outdoor landscaping, and other landscaping services to households, offices, schools, restaurants, resorts, and other establishments. Based on the latest data from the Philippine Statistics Authority, event caterers earned an. Monthly earnings range from Php 40,000 to Php 150,000. You have various ways to make money as a travel agent. Knowledgeable and experienced people in home repair and maintenance, Cheap and easy business to start if you already have the handyman tools and equipment, Building a profitable client base may take time, You (or the worker/s you hire) must be in a good physical condition. Ideal for: IT professionals and technicians with computer diagnosis, troubleshooting, and maintenance skills. Mind you, success in business is 1% inspiration and 99% execution. Hog raising has been one of the profitable agricultural enterprises for Filipinos. Price fluctuations of baking ingredients (due to competition and demand) that can affect the prices of bakery products. ROI takes time (after at least 15 bookings). People with computer/IT background, OFW families, and those living near schools. Photocopy or “xerox” centers are still thriving in the Philippines because they provide cheap copying services to students and employees. Personal shoppers charge around 10% of the total purchase they make for their clients. So use this list as an inspiration but never let forget to take action. How to Turn Your Hobby into a Small Business in the Philippines. Seasonal fruits like mangoes, melons, avocados, and watermelons are abundant and cheaper in summer. Even if several photocopy businesses are already existing in your area, you can still beat them by offering higher-quality services at lower costs. Why it’s a profitable business idea: T-shirts are easy to sell all year round, what with the popularity of couple shirts and statement shirts with witty or hugot lines. There are plenty of opportunities for anyone who plans to enter this industry. First-timers who want to give entrepreneurship a try with a minimal investment. They also earn when they attend events and vlog about them. People who love shopping (particularly clothes, shoes, and bags) with impeccable taste in fashion and networking skills. Entrepreneurs with graphic design knowledge and/or have experience running another type of printing business (e.g., digital printing and printing). If you have don’t know anyone, you could register to delivery companies like Food Panda, Grab, Lala Move, and a lot more. Very easy business to start (no need for special skills) as long as it’s located along a busy road and you have the equipment for fixing tires (Even a person with a disability has been operating a small vulcanizing shop by himself for a decade, Potential for business growth (A young man has grown his vulcanizing shop into a multi-million business. OFWs and employees in the trucking department of a manufacturing company who wish to shift to self-employment, A great demand for trucking services in the Philippines, Heavy regulation in the trucking industry: Plenty of legal requirements and fees for securing a permit to operate a trucking business in the Philippines, Truck ban policies in Metro Manila, plus heavy traffic, that can lead to delivery delays, Risk of cash flow issues when clients take several months to pay for deliveries, The government’s public utility vehicle (PUV) modernization program is a controversial issue in the Philippines—with transport groups protesting its implementation due to the high cost of e-jeepneys. In fashion and networking skills... smartphone repair putting up a bakery dead... Google plus, Pinterest, and experience as travel Wi-Fi rental going through the internet you! Through this type of food business in the past few years of age also have to compete with right... 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