Sunday, December 6, 2020

What are the Best Profitable Small Businesses in the Philippines? Money Guide for Filipinos

Are you a person who has a knack for fixing things and is updated about the latest phone and computer updates and tech? For technology lovers with a talent for fixing phones and computers, opening a repair business may seem like the perfect venture. I manufacture and sell a caffeine-free Turmeric Latte Mix in Denver, CO. You may consider working with potential supporters or collaborators to increase the odds of success. According to statistics, there are approximately 200 million eSports enthusiasts globally. The audience size will continue to grow YoY to reach approximately 285 Million Esports enthusiasts in a few years.

There will always be a market for buffets because of the fact that Filpinos are food lovers. Spying on someone can be a good thing, and you can even get paid for it. If you’re up to the demands of the job and have the skills, you can set up your own private security firm and charge a fee for detective work.

Start a moving company

The Philippines has always been a haven for world-class singing talents. It should not come to a surprise that singing contests have been greatly received and widely patronized. If you have a singing prowess, experience, and disposition to develop untapped talent, then you can be on your way to finding the next Charisse or Sarah Geronimo! As a singing coach, you can offer home service or set up a small studio in your home. To establish a money changing business, you must have a good, visible location. You also need to be registered with Securities and Exchange Commission or with Department of Trade and Industry and of course Bangko Sentral ng Pilipinas.

best small business to start at home in the philippines

But as we continued to grow, we spent time and money to work out of rentable commercial kitchens until we were able to afford our own. A meal prep delivery business offers nutritional and healthy meals to customers daily or on a weekly basis. These services offer either DIY meal kits or Ready-to-eat meals via e-commerce sites. All of them are meant to save time and eliminate food waste. Our retail customers are chocolate aficionados, animal lovers, local foodies, and anyone with a sweet tooth. On the wholesale side, we are carried at gourmet groceries, pet stores, veterinarian offices, vegan shops, and natural food stores.

How to Validate your Business Idea

In the Philippines, there are popular shopping platforms like Shopee, Lazada, and Facebook Marketplace where you can sell your products easily. Although many people might think that buying and selling domain names is an illegal business, actually it isn’t. In fact, this business is quite profitable and also does not require any investment. Rice being a staple food in many countries remains in high demand over there.

best small business to start at home in the philippines

Live Fit is a personal training company that was created to change the standards in the personal training industry. Early on I focused on building a company that is not only based on results, as most fitness companies are, but that is also focused very heavily on relationships. Relationships create trust, trust creates buy-in, and buy-in leads to the accountability and dedication it takes to get results. Originally blogging started as an online journal, but today it is a highly profitable career option. Many people are choosing blogging as their full-time career and are earning their bread and butter from this profession. Today, franchise businesses are on the rise in the Philippines.

How to Start a Small Business at Home in the Philippines

A writing and editing business is a business that provides writing, editing and sometimes proofreading services. Such businesses market their services to businesses, corporations, and individuals who might be in need of those types of services. Landlords or condo owners may want to earn an additional revenue stream from the swimming pool property they own. The swimming Pool Market size was valued at $3B in 2019 and is projected to reach $3.6B by 2027. The presence of developed infrastructure and the thriving wellness tourism industry will facilitate the swimming pool market growth. Starting a vending machine business in a crowded, busy city is an easy way to make money.

Moving companies help people move their belongings from one location to another. This can involve anything from packing and shipping household items to actually physically moving them from one place to another. This can involve anything from local moves to long-distance relocations. Beverage companies can make all sorts of different drinks, from juice to soda to beer. They can also sell other types of food products, like bottled water or snacks. A catering business is responsible for providing food & beverage-related services for vast types of events.

I’m Scott McInnes, founder of TapSnap, a photo booth company with franchised locations in most major cities in the United States and Canada as well as Sydney, Australia. Our flagship product is our TS-42, an open-air photo booth that features a giant 42-inch touch screen and a high quality DSLR camera for fantastic image quality. You can employ people to put up the photobooths at events, and pay them a percentage of your income, based on the events they cover. I am a founder, CEO, and lead investor of a team that created ConnectionPoint in 2009 as an early entrant and innovative pioneer in the crowdfunding industry. Secret is the first platform of exclusive deals on services and software for startups.

best small business to start at home in the philippines

Many Filipinos love drinking coffee, so it is no surprise that mobile coffee shops are growing in popularity. If you have no idea what a mobile coffee shop is, it is basically a food truck or food cart that sells coffee. The minimum initial investment for Axie Infinity is Php40,000 – Php60,000. Videography services can be a lucrative business if you have the skills and a creative team behind you. They’ll save on start-up costs and can easily “dispose” of the furniture should the business fail. Aside from furniture, you can also choose to lease out computers and other office equipment to business owners (or even offer rent-to-own options for all your products).

If you still need to buy baking equipment, this capital can reach as high as PHP 50,000. A capital investment of PHP 75,000 to PHP 120,000 is needed for this small business concept. You may sell a range of foods, from traditional favorites to afternoon snacks, with a food and beverage business. Our everyday life has always included this small store that carries practically everything.

best small business to start at home in the philippines

You may be surprised at how difficult it is to book a moving company. Potential clients include households and companies that need transportation services to haul cargo. The market for home security products and services has increased and reflects the current state of law and order of the country. In addition to the usual CCTV and lighting sensors, look to distributed products that are proven deterrents but not available in the industry.

To make a good profit you should invest less in groceries and ensure that you have a good number of customers. One can make a comfortable living even with lower monthly sales by charging around $20 to $40 an hour. Some dogs of a particular breed must be walked twice a day, and some owners may have no time to do this. Air-conditioner is a necessity in a tropical country, such as the Philippines. On average, air-conditioners run six hours in a household, and some companies use their units 24/7.

That’s why companies that provide professional cleaning and disinfection services are in demand right now. They can ensure that places, equipment, and other items and locations that require continuous usage are adequately cleaned to prevent the spread of the virus. A wet market stall is a traditional business that sells meat, fish, and produce. Despite the small capital needed, this business has the potential to earn P2,000 to P18,000 per day depending on your location and the items you are selling. Online food delivery services like Foodpanda and Grab make it easy for Pinoys to order their food online. Others cook and deliver home-packed meals to busy working Pinoys who don’t have the time to leave their desks for a delicious meal.

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