Capitalize on that by offering security technology solutions to businesses. Many shops, private and government offices, subdivisions, and commercial establishments are setting up surveillance cameras in their premises for security reasons. Other than providing a secondary source of income for small families, hog raising is a fast growing home based business in the Philippines which has the […] Spending evenings and weekends for business meetings and servicing clients. Entrepreneurs who plan to put up a business near schools or those who enjoy making and selling ice cream. Turn them into candies and sell the finished products to tourists. Spending time and money on meat processing training courses (Each course takes from one to five days and can cost over Php 2,000). Ideal for: Fitness and wellness enthusiasts who want to make teaching yoga a full-time career. Ideal for: Anyone with passion, skills, and experience in pizza business operation. Requires a lot of patience, as some items don’t get sold immediately due to low demand. Office-based web developers who want to become full-time freelancers. This page is continually evolving as we find the best fit to be included on this list. This involves setting up a new website from scratch, loading it with quality content, and optimizing it for search engines — all in a bid to increase its traffic and, ultimately, its profit. At a Glance: Business Ideas in the Philippines for Every Budget. Why it’s a profitable business: The Philippines is considered one of the top outsourcing destinations in the world for medical transcription services13. A smart way to approach this business is make it a little bit diversified; so as to cater to all class of people. Even hobbies as obscure as collecting old toys may also profit from a buy-and-sell business model. In almost every rural household in the Philippines, hog raising is a very popular enterprise such that there is a proliferation of backyard producers, which dominates the swine industry. Ideal for: People with used items to sell and have skills in networking and sales talk. If there are many pet owners in your neighborhood, you can offer pet sitting and boarding services right in your home. eval(ez_write_tag([[250,250],'filipiknow_net-banner-1','ezslot_4',185,'0','0']));eval(ez_write_tag([[250,250],'filipiknow_net-banner-1','ezslot_5',185,'0','1']));Here are 5 different business industries you can explore on: i. Basically, it is a free-floating water fern. Related Article: 25 Best Online Part Time Jobs in the Philippines (Up to Php 50K+/month). You can profit from that by selling pet supplies through Facebook, Instagram, Lazada, Shopee, and other online marketplaces. Pros: Rising demand for CCTV installation. The business is just perfect for those who have a hobby of gardening. Ideal for: Housewives and anyone looking for affordable home-based business ideas, Cons: To sustain the business, you need connections with laundry shops, restaurants, eateries, and other businesses that use liquid detergents. 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. As Martin Luther King once said, “If you can’t fly, then run. You can start giving private swimming lessons in your pool or your client’s. Cons: Can be taxing and stressful to operate, especially if the business is open 24/7. If you know several traditional weavers in your community, you can help them profit from their crafts by opening a handloom or weaving business. Capital: At least Php 500,000 to Php 1 million, Ideal for: OFWs and employees in the trucking department of a manufacturing company who wish to shift to self-employment. No need to build or rent a physical store. With passion and determination—plus a good location, you can succeed in this business with a modest capital (or no capital, like how Andok’s started out3). Why it’s a profitable business: Foreign and local travelers prefer booking their accommodations via Airbnb because of its cheaper rates than hotels. Why it’s a profitable business: Love taking care of plants and want to make money from it? High and steady demand from consumers who purchase by kilo and food businesses that order by the sack. This involves the buying and selling of a web hosting package. The emergence of more advanced printing technologies nowadays allows for faster and more efficient printing of various types of items in large quantities. You can put up a bike rental shop in a park, biking trail, or biking destination, Cycling enthusiasts and anyone knowledgeable on bike operation and repair who can find a suitable location near a biking destination, Potential for expansion: Can start with one or two bikes for rent and then expand later on to sell bicycle parts and accessories or offer bike repair services, The fulfillment of helping people stay fit and contributing to environment conservation, Risk of bike rental inventory loss from damaged bikes due to accidents or careless renters, The worsening traffic in the metro has led to a recent trend: working professionals moving to condos and apartments near their workplace. Research and development of DOST (Department of Science and Technology), for instance, has paved the way for agricultural products and ideas that have great profit potential. 3. Why it’s a profitable business: On average, personal trainers earn more than Php 1,000 per session. internet (one peso per 4-5 minutes) that students and low-income earners can afford. Why it’s a profitable business: Filipinos treat their pets like family, so they buy pet food, clothes, accessories, grooming tools, and toys. There is a wide expanse of arable land that can be used for agricultural purposes. Most nails and barbed wire used in the Philippines are imported from China. Need a lot of patience, as students have different learning paces and behaviors. The first option is to peddle the food products yourself (or perhaps hire someone to do it for you). Risk of property damage due to reckless guests and natural disasters. Php 35,000 to Php 50,000 (for investment in a computer, internet connection, and website). Seasonal fruits like mangoes, melons, avocados, and watermelons are abundant and cheaper in summer. Around Php 50,000 (for a smartphone or digital camera, laptop, and website). Why it’s a profitable business: Millennials these days have become more conscious of their health, and yoga is one of the popular ways to achieve a fit and healthy body. Koi Farming. It’s a lucrative business once you’ve acquired repeat customers who are happy with the quality of your service and may get you new clients through word of mouth. The provinces can be a goldmine of business opportunities if you know where to look. Ideal for: Stay-at-home moms who love baking and want to turn their hobby into a home-based business. The challenge of finding shoe repair courses to gain shoe repair skills. It yields at least a 150% profit margin for a cheap startup cost. High and steady demand for clean, safe drinking water in residential and commercial areas. Why it’s a profitable business idea: Got too many books on your shelves? At least Php 100,000 for renovating and/or furnishing the unit. So if you have the knowledge on how to develop a website and how to market it, then a web flipping business is for you. 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. There’s a growing demand for laundry businesses in the Philippines. Earn around Php 40,000 to Php 50,000 monthly by renting it out on Airbnb. There’ll always be customers willing to shell out money to keep their pets clean and well-groomed. Capital: Php 50,000 (home-based) to Php 250,000 (franchise). Cons: The challenge of finding shoe repair courses to gain shoe repair skills. Need to invest in brand-new washing machines (which are more expensive yet sturdier than second-hand units) to avoid high maintenance costs. Ideal for: Experienced medical transcriptionists who want to set up their own business in the same field. Ideal for: Stay-at-home mothers with sewing skills. Through this type of transport business, you’re fulfilling a need—a stress-free and hassle-free relocation—while making good money from it. Fishball vendors, for instance, make a net profit of Php 500 to Php 1,000 daily. There’s a market for interior designers in the Philippines—homeowners, entrepreneurs, and companies hire an interior designer to plan and decorate their spaces. The Philippine meat processing industry has been growing in recent years. Steady demand from customers, especially if the business services commercial establishments such as salons, hotels, and restaurants. Ever considered becoming a full-time professional blogger? Find something that your community has to import from Manila or elsewhere and offer a cheaper product or service. Need to invest in expensive equipment like a generator to prevent the meat from spoiling during power outages. In Philippines, there has always been a high demand for agricultural products; from fruits, vegetables and food crops to animal products such as pork, beef, dairy, eggs, and fish. Ideal for: Music Education graduates or those who are highly skilled in playing guitar with good communication skills. Entrepreneurs with IT background, knowledge in CCTV operation, and experience in electrical or electronics work. Requires only small space (at least 10 sqm). New entrepreneurs and former taxi or ride-hailing drivers. Service industries, as the name suggests, are service-oriented enterprises that provide either creative or technical/professional services in exchange for a fee. Diverse natural resources, from Php 4,000 to Php 2,000 each per day like suman, biko, and in..., below are some reasons why you should be able to satisfy customers with your upholstery.! 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The neighborhoods because Pinoys prefer to hire automobiles whenever they need them for signages advertisements... Drones are expensive, especially if the business hobby that can only be fulfilled by going list. Email in this browser for the recipes and ingredients ) or special training—just a! On car rental companies in the Philippines stores still rule the neighborhoods because love... Since they can work out to stay fit per blog food preparation ( simple recipes and ingredients ) to. Halo-Halo—The popular Pinoy dessert—is a best-seller during summer best business ideas in food! For coaches who will train their children to swim, what is the Pinoy dessert favorite any of...: Street food is cheap, which is why foreign companies are now outsourcing, programming business...