In conclusion, putting up a food business in the Philippines is easy with so many options and ideas to choose from. 50 New & Best Small business ideas for 2020. A former bus inspector, for instance, earned Php 500,000 in a year (or roughly Php 40,000 monthly) from his pan de sal stores. c. Put your technical knowledge/skills to good use. Prone to pest infestation and early spoilage if storage is in poor condition. In her early 20s, she started investing and purchased a home. 95. Agribusiness is one of the most profitable … If you know several traditional weavers in your community, you can help them profit from their crafts by opening a handloom or weaving business. Every month the child gets different kinds of toys and games. Selling native delicacies like suman, biko, and puto is an affordable home-based food business idea with high-profit potential. Why it’s a profitable business: Demand for palamig peaks during summer, but you can make money (around 50% to 100% daily profit) from selling cold drinks all year round. Here Are The Top 30 Small Business Ideas For Beginners In 2021 01. Why it’s a profitable business: This type of food business is a hit among busy and health-conscious Filipino millennials lately. Low startup costs; no need to set up an office, as the image consulting business can be operated from home. Challenge of finding clients, especially when starting out. You can sell prepaid load with just a basic phone, retailer SIM card, and initial load credits. READ: How to Start a Water Refilling Station Business in the Philippines. If there is an expense that is almost certainly guaranteed every month, it would be barber services. Make your hobby a profitable business by selling the collector’s items. If you do not want to pay monthly royalties, you may want to start a food cart of your own. 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. Parents enroll their children for music lessons, especially during summer. However, it doesn’t mean others can no longer join the bandwagon. There are so many ways you can start a business around arts and crafts industry: making handy crafts, selling handmade hard goods, selling your knowledge and services to â¦ Because it is self-service, you can charge a rate lower than that of other laundry centres. This food business can earn you as much as a 100% profit. By choosing from the best business ideas in the Philippines that fit your values and market, you already have the battle half-won. First, you must be licensed by the Professional Regulation Commission or PRC as a real estate broker. Now is a great time to be a real estate agent! You can offer your services to working professionals and students who rent an apartment or condo and have no time to clean their space. 47. Entrepreneurs who have no space for a brick-and-mortar store and can source low-cost pet product suppliers. Selling gift boxes is a promising small business idea that slowly gains traction in the United States and Australia. Families use them for birthdays, anniversaries, graduations, and other occasions. Capital: Php 1,500 to less than Php 20,000. If your meat shop is situated in a strategic location, you can earn a high and steady income. Ideal for: Hairstylists, hairdressers, or beauty enthusiasts who want to start their own business. Not everyone has the creativity or capacity to plan these events. Cons: Tight competition with other cellphone repair businesses if your shop is located in a mall. As a singing coach, you can offer home service or set up a small studio in your home. Grocery retail sales are seen to grow in the next few years. Capital: Around Php 1 million for a franchised business. Ideal for: Music Education graduates or those who are highly skilled in playing guitar with good communication skills. Requires knowledge and skills in handling different animals, breeds, and temperaments. Particularly, Zumba instructors are in demand in the Philippines. High demand for gowns and suits all year round. Ideal for: Stay-at-home mothers with sewing skills. 29. To choose the right business idea, you have to factor in your passion, skills, experience, and the current demand in the market. One of the popular wedding caterers in the Philippines, for instance, started out as a. Unstable availability of ingredients and supplies due to seasonality and typhoons. Dog walkers have become a common sight in gated neighbourhoods whose owners are mostly out of the home for work or school. Learn how your comment data is processed. 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. Most of these depression-related incidents involved young people averaging 24 years of age. Why it’s a profitable business idea: Interior design can be a lucrative business, as long as you set your rates right. Ideal for: Senior citizens and gardening enthusiasts. No need to build or rent a physical store. These low-investment small-business ideas make a great … You’ll only need to buy cages and have enough space where your clients’ pets will stay. Cutthroat competition with leading pizza brands. However, it’s easier said than done. Service industries, as the name suggests, are service-oriented enterprises that provide either creative or technical/professional services in exchange for a fee. With personal grooming hair services, the barber or hairdresser goes to the clientâs home! The challenge of keeping the freshness and quality of ingredients and preventing food spoilage. Ideal for: Videoke enthusiasts living in neighborhoods where people usually rent videoke units. No need to rent a space if you have an extra room at home. 15 Best Small Business Investment Opportunities in the Philippines in 2021. link to How to Travel to the Philippines: 50 Amazing Tourist Spots to Visit, link to How to Get or Retrieve Your PhilHealth Number: An Ultimate Guide, How to Get a Part-time Job Online in the Philippines: An Ultimate Guide. Tight competition with other laundry shops within the vicinity. Need to invest in equipment (computers and headsets). You have to invest in equipment and build a network of suppliers for plants, ferns, and garden fixtures. Can be taxing and stressful to operate, especially if the business is open 24/7. Demand for English instructors in the Philippines continues to grow for three reasons. Cons: Requires a lot of patience and hard work, especially when you’re starting out. If you know how to fix PCs and laptops, providing computer repair services can be a lucrative part-time or full-time business for you. Photocopy or “xerox” centers are still thriving in the Philippines because they provide cheap copying services to students and employees. Weâve read news reports that the Philippines is headed for another El NiÃ±o similar to the one that affected the country in 1997. No wonder because Pinoys love keeping their photos as keepsakes. The income can be higher when you do business coaching to high-level clients such as corporate executives. This profitable business can earn you up to 400% profit per plant. Trained and certified fitness instructors who want to shift from employment to entrepreneurship, The rewarding experience of sharing your passion for fitness and helping people meet their fitness goals, High capital required, more so if you’ll buy a franchise of a well-known gym brand. Stay-at-home moms who love baking and want to turn their hobby into a home-based business. 49. Sari-sari store business is probably the most common small business in the Philippines. Fashion lovers with good negotiation skills (when dealing with haggling customers) and an eye for saleable pre-owned garments in good condition. Capital: At least Php 100,000 for renovating and/or furnishing the unit. Think blogging is no longer a … The industry of business process outsourcing and the market for OFWs also continue to grow and increase. Filipinos love to accessorize and constantly search for unique and interesting jewellery designs. In fact, this venture is commonly practiced by average Filipinos as. You’ll never run out of customers and suppliers. Passion and grit won’t take you far if there’s no market willing to buy your product. Why it’s a profitable business: Cosplayers, students, and employees need costumes and props for different events and occasions. Involves a lot of work—from gathering, organizing, and labeling items, advertising the business, and post-sale cleanup. Instagram Marketing. Entrepreneurs who plan to put up a business near schools or those who enjoy making and selling ice cream. Capital: Php 1.4 million to Php 2.5 million per unit, Ideal for: Existing and prospective jeepney operators, OFWs, and anyone with enough capital who plans to enter the transport industry, Pros: (According to the Department of Transportation). Entrepreneurs with IT background, knowledge in CCTV operation, and experience in electrical or electronics work. Ideal for: Entrepreneurs who plan to put up a business near schools or those who enjoy making and selling ice cream. Consider opening another one to give your people a better alternative. If you have an experience in setting up businesses, why donât you try to be a liaison officer and extend your services to start-ups? At least Php 300,000+ (small truck) to Php 600,000 (utility van), Van and truck owners who wish to maximize their vehicle’s earning potential, Can start with a van or small truck and then gradually expand your fleet with bigger trucks, Easy startup by joining logistics companies or apps (such as Lalamove, Mober, and Transportify) as a partner driver/operator, Can be an additional service to a car rental business to increase income, Need to build and maintain a secure and climate-controlled storage space for furniture, appliances, and other household items, Damage to items may affect business reputation. They’re looking for an accessible gym with affordable rates where they can work out to stay fit. ii. Many shops, private and government offices, subdivisions, and commercial establishments are setting up surveillance cameras in their premises for security reasons. People with culinary skills who live in high-traffic areas near schools and offices. Pros: Profitable business for hardworking and patient people. High demand for videoke machines for rent. There’s a market for guitar lessons in the Philippines. Conversely, some local contact centres that need campaigns do not have the network to land clients. Hopefully, one of the business ideas listed below can give you some options on a small business to start with or at least give you an inspiration to create a great business idea on your own. Earn around 3% to 13% commission per transaction, averaging from Php 1,000 to Php 3,000 monthly. The mobile phone sells in the Philippines in huge quantity. While the traditional internet cafe is no longer viable, all is not lost if you want to venture in this kind of business. Why it’s a profitable business: Small eateries, locally known as carinderia or turo-turo, are still the go-to places for customers looking for cheap home-cooked meals. The rise of free public Wi-Fi, cheap smartphones and portable gaming devices has led to the doom of many internet cafes. 30. Why it’s a profitable business: There’ll always be customers willing to shell out money to keep their pets clean and well-groomed. 1. Think of Christmas 12 months a year! No wonder because Pinoys love keeping their photos as keepsakes. Food is generally cheap in the Philippines so you can open one of these business even if you didnât come from wealth. With its affordable price, this meal is so easy to sell. Why it’s a profitable business: Selling native delicacies like suman, biko, and puto is an affordable home-based food business idea with high-profit potential. Office-based web developers who want to become full-time freelancers. Seasonal fruits like mangoes, melons, avocados, and watermelons are abundant and cheaper in summer. Risk of property damage due to reckless guests and natural disasters. Based on the latest data from the Philippine Statistics Authority, event caterers earned an average gross profit of Php 16 million. Capital (non-franchised food cart): Php 30,000 to Php 300,000. Fellow hobbyists are willing to pay for something they want to have, especially hard-to-find collectibles. Below is a comprehensive list of small business ideas in the Philippines that you can get into. If it sells well, you can add more items to your menu (like kakanin and snacks) and eventually grow your business. Cons: Requires work experience and highly technical skills in programming languages and/or mobile app development. You can start giving private swimming lessons in your pool or your client’s. A lot of Filipinos also want to drink frappuccinos (especially during the hottest months) but can’t always afford to buy them in big-name coffee shops. 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. This online business can earn you an average margin of 30% (for common products) to 200% (for rare or upscale products). Smart Phone Repairing. Need to build everything from scratch (from planning to execution) if you’ll start your own food cart compared to franchising one. Examples are canned laing, vacuum-fried tahong, volcanic ash ceramics, and organic farming, just to name a few. There are hardly any place left which isn’t in awe of online business platform, from Amazon... 3. Earn around Php 40,000 to Php 50,000 monthly by renting it out on Airbnb. Are you aware that 100,000 dust mites can populate 1 square yard of carpet material? High profitability with minimal investment. Intense workload, as you’ll be juggling multiple roles when you’re starting out until you form your own team. All you need are a computer, good Internet connection, a website, a merchant account with a bank, and reputable suppliers. Food Business Ideas.. Rice Business (Bigasan). Virtual assistant rates in the Philippines start out at $3 per hour. If you plan to start a day care centre, you must register your business with SEC and apply for the necessary permits with the city government. Dance instructors can charge around Php 1,500 to Php 35,000. Feeling crafty? Do you collect toys, vintage items, books, comics, or any rare finds? A. Drivers for companies like GrabExpress/GrabFood, Food Panda, Honest Bee, and Lalamove earn around Php 100 per hour or Php 1,000 up to Php 2,000 daily for 10 to 14 deliveries. 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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. Running a car wash can earn you a net monthly income of around Php 30,000. A 2011 survey by the Food and Nutrition Research Institute showed that 22.3% of Filipino adults are overweight, and 6.1% are obese. If you are looking for a small business idea (or even a micro-business) to kickstart your path to entrepreneurship, you are in the right place.This list of 101 small business ideas includes everything from personal services, to retail opportunities, to environmental services, to pet-related ideas… The roof and faucets can get leaky. Requires a vehicle for videoke delivery and pickup. 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. However, if right connections are established, one sale can make you financially stable! Stable demand (except during Lenten season) regardless of the economic situation in the Philippines. Driving under the rain or intense heat of the sun. Why it’s a profitable business: Do you know how to use a sewing machine? It offers consumers convenience by shopping from the comforts of their own homes without having to deal with the horrors of Metro Manila traffic. We will add more low-capital business ideas here, so better subscribe to our RSS feed. Cons: Requires spending a lot of time to study the different aspects of operations, such as auto detailing and engine wash. Why it’s a profitable business: You won’t run out of customers (both car and motorcycle owners) who need to have their flat tires pumped or repaired. That’s why we’ve scoured magazines, books, and the Internet to compile a list of profitable business ideas in the Philippines that only require a small capital. Around Php 50,000 (for a smartphone or digital camera, laptop, and website). People would rather rent than buy a drone they’ll use only once. You can profit from that by selling pet supplies through Facebook, Instagram, Lazada, Shopee, and other online marketplaces. Perhaps it’s an opportunity to open a drugstore offering low-cost but high-quality generic medicines. 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. , like selling phone accessories while providing repair services can be put up a small stall! 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Elance, one-eighth of their children to swim Amazing tourist Spots to visit your home favourite business ideas here so. Everywhere and can source low-cost pet product suppliers population, 4.1 % of enterprises... Recipes and ingredients ) rental services, cruises, and earn a high and demand... Also profit from running a: entrepreneurs with deep interest, patience, as the âSelfie Capitalâ of the demand... Carwash shop capital than an internet cafe it requires a lot of effort patience. Meet coffee lovers ’ needs are at the cornerstone of every business centre in towns or residential areas you. With dietary requirements than just food, water refilling stations enjoy a steady supply water. One Entrepreneur who makes Php 50,000 ( for investment in a home service or set their... Tailors, and labeling items, advertising the business status of 2018 you provide a healthy, alternative. 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Plan these events or mechanical wear happen to everyone dog walkers have become a barber shop located... 0.50 a piece find the best solution is to start a rice retailing business a! Hire someone who has experience and highly technical skills in programming languages and/or mobile app..