Requires large and clean storage space for stocks. Capital: Php 2,500 to Php 17,000 (own business) / Php 160,000 to Php 280,000 (food cart franchise). Why it’s a profitable business: The number of vehicle owners in the Philippines is growing. 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 start giving private swimming lessons in your pool or your client’s. You have various ways to make money as a travel agent. Earn around Php 40,000 to Php 50,000 monthly by renting it out on Airbnb. Setting up a coffee stand or cart is one of the best ways to meet coffee lovers’ needs and start an affordable business. Parents enroll their children for music lessons, especially during summer. These data justify the need for Filipinos to start exercising. Music Education graduates or those who are highly skilled in playing guitar with good communication skills. e. Choose an industry that interests you. Mind you, success in business is 1% inspiration and 99% execution. Beauty is a booming industry in the Philippines, thanks to the rise of the middle class who are willing to pay for hair care and grooming services to look and feel better. Why it’s a profitable business idea: Many social media-savvy millennials are conscious about their looks and health. Flexibility—you can deliver only when you’re available. Banks normally buy US dollars at a price lower than that in the grey market. The idea of starting a business is exciting. Why it’s a profitable business: Baking and selling cakes, cupcakes, cookies, or other pastries is an enjoyable food business you can start right in your home. If you get your customers’ trust, you’ll enjoy repeat business from them. Requires pizza-making training and skills. You can start small by offering services within your specialization, whether it’s SEO, PPC, content writing, web design, or web development. 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 be trained and licensed as a dance instructor first before teaching dancing lessons. The demand for virtual assistance services has been increasing. Find something that your community has to import from Manila or elsewhere and offer a cheaper product or service. Product industries are mainly about manufacturing and selling products. Philippines is one of the premiere destinations for transcription services. flash_on Free Your Time. Selling ice-cold drinks is one of the low-cost yet profitable small business ideas in a tropical country like the Philippines. You can buy cheap local produce in bulk from Balintawak or Divisoria and sell them per piece or kilo. Why it’s a profitable business: Filipino meals aren’t complete without... B. But for enterprising Filipinos, this can be a potentially profitable venture, as eco-friendly PUVs are expected to replace the old traditional jeepneys that will soon be phased out, Php 1.4 million to Php 2.5 million per unit, Existing and prospective jeepney operators, OFWs, and anyone with enough capital who plans to enter the transport industry, According to the Department of Transportation, Increased ridership due to cleaner, safer, and eco-friendly PUVs, Can save on cleaning, maintenance, repair, and fleet management costs. Potential to expand business by offering other pet-related services like pet sitting and dog walking. Low sales during typhoon season when supply is limited. Labor-intensive and time-consuming operation. This food business also has a high earning potential, as proven by a couple who makes Php 50,000 by selling siomai7. With sheer hard work and perseverance, selling ice candies with low capital can grow into a multi-million business16 as a distributor to sari-sari stores, carinderias, schools, or markets. Print On-Demand (POD) Online Business Making the business stable can take quite a while. There’ll always be buyers regardless of price movements. Capital: Around Php 50,000 (for a smartphone or digital camera, laptop, and website). Every month the child gets different kinds of toys and games. Run a garage sale on weekends when buyers are usually available to visit your home. Located in a high-traffic area, a sari-sari store can make Php 700 to Php 2,000 daily. Ideal for: Senior citizens and gardening enthusiasts. It should not come to a surprise that singing contests have been greatly received and widely patronized. Soap making can be a lucrative business, especially when you receive bulk orders from stores for reselling or corporate clients for giveaways. Internet Cafe: Still A Profitable Business in the Philippines. Why it’s a profitable business idea: Although the Philippines isn’t as bike-friendly as the Netherlands and China, there’s still a market for bicycle rentals in the country. Profit margins range from 70% to 100%, which means you can sell ice cream at double the production cost. Fulfillment from helping people improve their lives. There will always be something that needs fixing in a home. There’s a large market for a videoke rental in the Philippines, even in remote barangays where singing is a favorite activity in birthday and fiesta celebrations. Business Ideas Philippines. Perhaps it’s an opportunity to open a drugstore offering low-cost but high-quality generic medicines. Partnering with Airbnb. If you make good on the business, you can easily earn as much as ₱25,000 a month or … Another source for discounted merchandise is China. Cooks can open small restaurants, waiters can launch a catering business, renal nurses can start a dialysis center, teachers can offer tutorial services, dancers can launch a dancing school, and so on and so forth. Tourism is a lucrative industry in the Philippines, especially in places most frequently visited by foreigners. Simple jobs like these can earn as much as Php 1,000 to Php 2,000 daily. Unconventional working hours, like during late evenings and weekends (Depending on clients’ availability). Corporate downsizing is a trend nowadays, as businesses eliminate their in-house janitorial teams and outsource cleaning services to third-party providers instead. Requires tons of patience, consistent food quality, location with high foot traffic, and a good sales and marketing strategy to succeed. A wide variety of affordable street foods to sell. Personal fitness training services annihilate the “I don’t have time” excuse because you can conduct these services at their own home. Around Php 1 million for a franchised 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. All you need are a computer, good Internet connection, a website, a merchant account with a bank, and reputable suppliers. Bicycle Shop Business. Agripreneurs who want to try something new for their business and have the ideal location with the right environment for growing a certain type of mushroom. At present, most families have both parents working. Why it’s a profitable business: If there are many pet owners in your neighborhood, you can offer pet sitting and boarding services right in your home. Once you have completed the above homework, you are almost set to open your small business with low investment. Real estate in the Philippines is a booming industry, with the growth in condominium and infrastructure developments in recent years. The mobile phone sells in the Philippines in huge quantity. Why it’s a profitable business: Drones are expensive, especially popular brands. Ideal for: Entrepreneurs with graphic design knowledge and/or have experience running another type of printing business (e.g., digital printing and printing), Pros: Potential for growth19 with the right combination of hard work, dedication, and strategy. Capital: Php 1,000 to Php 3,000 (starters/home-based) to Php 40,000 to Php 99,000 (food cart franchise). Longer product shelf life (due to preservation methods) than unprocessed meat. Real Estate Business. With the right location, pricing, and menu, you can profit from running a. Examples: tailoring shops, call centers, internet cafes, beauty parlors, and repair shops. Why it’s a profitable business: There’ll always be customers willing to shell out money to keep their pets clean and well-groomed. With the right location, pricing, and menu, you can profit from running a carinderia with just a small capital. Because people get a haircut at least once a month! Ready to take your sari-sari store to the next level? Why it’s a profitable business: There’s a large market for a videoke rental in the Philippines, even in remote barangays where singing is a favorite activity in birthday and fiesta celebrations. Php 1,000 (home-based) to Php 15,000 (mobile cart). Qualified people with strong people skills and sales skills, High profitability through commissions with little capital, The fulfillment of helping clients find their dream home or sell their home at the best price, Requires a degree in Real Estate Management before taking the broker’s licensure exam, Must be registered and licensed by the Professional Regulation Commission (PRC), How to Find Business Idea: An Ultimate Guide to the Best Business Ideas in the Philippines. 50 New & Best Small business ideas for 2020. Some alteration shops make as much as Php 5,000 in a day. A steady stream of income from new and repeat customers. Ideal for: Tech-savvy people who want to earn passive income. One of the profitable business ideas you can consider is starting up a carwash shop. Get Started. c. Put your technical knowledge/skills to good use. You can sell prepaid load and provide a bills payment service to Filipinos with Coins.ph – even if you are located … Many shops, private and government offices, subdivisions, and commercial establishments are setting up surveillance cameras in their premises for security reasons. It is a fact that Filipinos admit themselves; they love to eat. You can start selling from home or peddling in your neighborhood. As Albert Einstein famously said, “Insanity is doing the same thing over and over again and expecting different results.” This presents an opportunity for entrepreneurs to provide moving aka. Once you earn their trust, car owners will come to you for routine repair jobs, even if your shop is in a not-so-ideal location. Working long hours, especially in the first few years of operation. If you’re thinking of starting a small business in the Philippines, there’s no better place to start looking for ideas than your own community. If you have had technical training from TESDA, you can also take advantage of it by opening a business based on the skills you learned. Why it’s a profitable business: Clients pay around Php 2,000 to Php 3,000 per one-hour life coaching session. We have come up with great small business ideas that you may likely to consider in order to start your entrepreneurial journey. Expensive startup cost (but financially rewarding). Selling load or starting a payment center. Virtual assistant rates in the Philippines start out at $3 per hour. Gardening aficionados, on the other hand, may sell bonsai plants, garden fountains, or rent out the whole garden during special events like weddings. Why it’s a profitable business idea: There’s an increasing demand for cleaning services, especially in Metro Manila where people lead fast-paced lifestyles. Why it’s a profitable business: Get paid using your skills in helping companies drive more traffic to their websites. They also earn when they attend events and vlog about them. E-commerce Every day, there are birthdays, weddings, and special occasions that are celebrated. Challenge of finding clients, especially when starting out. Sell affordable clothes as a wholesaler or retailer online, and earn a profit margin of around 30% to 70%. Restaurant Business. Ideal for: Open-minded entrepreneurs who have adequate space and proper location for a warehouse and can negotiate for best deals with recycling agents, Pros: The ability to support environmental conservation efforts through proper waste disposal and earning good money from it, Cons: Complying with strict government requirements and regulations18 on junk shop operations. Types of Franchise Business in the Philippines. Stay-at-home moms and office employees looking to earn extra income from home. Even hobbies as obscure as collecting old toys may also profit from a buy-and-sell business model. He is the Executive Producer @JanellaTV and also doubles as the CEO, POJAS Properties Ltd. Pros and Cons of Doing Business in South Korea. Every month, subscribers receive specially designed gift boxes packed with goodies based on their likes and interests. Why it’s a profitable business idea: Do you love hiking, surfing, paragliding, or any other outdoor activity? In fact, the Philippines ranks among the top 12 countries in mobile phone sales. Ideal for: Local culture and history buffs who live near (or can regularly travel to) popular tourist attractions, love talking to people, and can speak English (especially those who can also speak other foreign languages like Chinese, Japanese, and Korean). Welcome the new normal with new travel goals. Earn steady income (up to 68% profit margin) by providing good-quality service to keep customers coming back. Of the $12 billion medical transcription industry, approximately 5% is outsourced to Philippines. Capital (non-franchised food cart): Php 30,000 to Php 300,000. The Philippines has always been a haven for world-class singing talents. Home Business Ideas In Philippines. You need to have a great business idea that is not only in demand but unique too. Later on, you can hire professionals in other digital marketing fields to build your own full-service agency. Some alteration shops make as much as Php 5,000 in a day. Therapeutic, relaxing activity for gardening enthusiasts. Or at school you solve, the larger the profit you ’ ll make capital, you... The mobile phone sales rather spend money on experiences than things21 for work or school Php 125,000 Php! It professionals and students who rent an apartment or condominium unit own business in the next few years, are... Companies are hiring contact centre agents, but keeping up with great small business ideas philippines you! 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