Business Ideas in the Philippines Looking for a good business idea where you can start earning money is a very critical task to be done. You might end up losing your money if you do not take precautions in investing your capital for a business. For that matter, Biznews comes up a list of ideas where you can start and grow your own business: 1. Web Development and SEO (Search Engine Optimization) - Online marketing and web development has just recently sprouted across the country. However, in just a short period of time, the competition for this field has become vigorous that there are hundreds to thousands of companies offering such services. The good side of it is that the capital isnt too big and the Return on Investment (ROI) comes shortly depending on how big the projects are and the number of clients. The competition is stiff, but the chance to become rich in this kind of business is higher. 2. Online Selling - As part of no. 1, online selling can also be a good business. This is quite different to the first one though because you can sell even your handmade products or you can start an online buy and sell. Another thing is that there are lots of online buy and sell platforms that you can see like sulit.ph for almost all kinds of products and tipidpc for gadgets and gaming consoles. No need to have a big capital. 3. Food Cart - F&B industry in the Philippines is one of the most competitive fields when it comes to business. Giants like Jollibee, Mcdonalds, KFC, and other big food and beverages companies emerged and have been dominating the food industry for a long time. Good news for those who want to start with a small capital is that they can start with a food cart business. You can even start your food cart business with a capital of P20,000. Or if you want a good one, higher capital should be invested. The return takes quite a long time. But if you can handle your income and roll it the way it should be, this kind of business could become a money generating monster for you. 4. Free Range Farming - Ive read one entrepreneur story from a business magazine some time ago about free range farming and it became very intriguing to me as I have perceived that it is one of the easiest ways to raise livestock within just your backyard. It is one method of raising chickens, without making them pent inside a cage. It means that you will raise them freely. This will make your chickens healthier and less stressed leading you to sell them easily at the right price. 5. Sari-sari Store - For those who have only small capital, having a mini store is good to start with. There are Filipino entrepreneurs who started earning money through this and actually become one of the most popular entrepreneurs in the country. 6. Garage Sale - Perhaps I could say that you dont have money to have a garage sale business. It could be a start of something good depending on the quality of items that you are about to sale in your garage. If you have a bunch of unused bu valuable things in your house, you can sell it and earn money. 7. T-shirt Design - This requires creativity and good skills in designs. Of course you need to have marketing skills in order to sell your products. 8. Bakeshop - Check this successful story of Julies Bakeshop and you will surely encourage to have your own bakeshop. 9. Catering - This is a business that will surely fit to the Filipino people. Why? Celebration has become part of our traditions. Fiestas, birthdays, weddings, etc. However, we dont want to be stressed in preparing foods for our guests. Thats when the catering services take place. 10. Natural Beauty Products Selling - Beauty products made of organic and natural ingredients have become more and more popular nowadays. You can start selling these kinds of products to your neighborhoods and colleagues with only a small capital required. If you have the marketing talent in selling, you can grow this business and become rich. One good example is the Zenutrients that started as a small beauty products seller and now one of the biggest in the Philippines. 11. Giveaways, Souvenirs and Invitations - If you are artistic enough to make these kinds of accessories, then you have a chance to earn money from it. These kinds of things are so in-demand especially for those artistic people. You can even do this at your home. And if youve got the talent to market it you can earn lots of money from it. Visit this premium gifts solutions company for a great reference. 12. Franchising - Have you noticed those franchised stores like Ministop, 7-Eleven, Wendys, and many more. This kind of business is practiced in the Philippines for a long time until now. And there are already thousands or millions of franchisees have become wealthy because of franchising. If budget is enough, you can start your own franchising business. You dont have to worry about the competition because no matter how stiff it is, conducting an in-depth surveillance where you can put up your business will be your key. 13. Outsourcing - Philippines is one of the most popular countries when it comes to Business Processing Outsourcing (BPO). In just a short period of time, there are hundreds of thousands of BPO companies that compete in the country. This is a good indication that investing in this kind of business will surely bring wealth to you. There are different types of outsourcing services that are well known in the country. One of them is the finance and accounting outsourcing services. 14. Money Remittance Business - Some businessmen said that this kind of business is the best if you want your money to work for you. Though it requires quite big capital, the chance of getting ROI is big. 15. Real Estate Buy and Sell - This is one of the most challenging business that you can try. It requires lots of marketing skills and perseverance if you want to succeed. Though, the competition is really stiff, it could still boost your financial status dramatically if you manage to succeed. You can be a real estate agent, broker, or a landlord/lady. Here in the Philippines, real estate industry is really boosting where you can have lots of options where to live. From a simple house to a high rise condo. 16. Event Planning and Organizing - Start facilitating events like wedding, birthday parties, and other small and big celebrations. For better exposure, you can start making your own event listing website. 17. Pawnshop - This is another good source of income. This is where you take advantage of small money borrowers and those who are in a rush of finding money and cant afford to get loans from big lending companies. With medium to big capital, you can start your own pawnshop. 18. Warehouse and Office Equipment Business - Here in the Philippines, there is a robust growth when it comes to selling and leasing of offices and warehouses. Products such as caster wheels, screws, and racking system can be a big necessity in these kinds of industries. Taking advantage of it by providing such products is indeed a good source of money. 19. Online Trading/Auction - This is some sort of online buy and sell business. But it differs in a way that if you have something to sell, you wont need to set a fixed price. You will make users offer you the price they want until the highest possible price rate is reached. I found this good Online auction website and you might want to visit this for some references. 20. Micro-Lending Company - Have you ever tried to lend money to your friend? You can make such good earnings from it. You dont really have to build a company for a start. You just need to have enough capital to lend money to those small businesses with little interest. The logic of this business is to get as much clients as possible with little interest on every amount of money that they lend. If this climb into a good number, you will surely generate huge money from it. 21. Water Refilling Station - If you havent seen any water refilling station in your community, that means that you have the opportunity to start one. This is one of the most in-demand community businesses that could grow fast especially if you have no competitors in your town. 22. Flower Shop - One of the toughest businesses to grow, starting a flower shop could be a tough task but actually delivers good amount of money if handled properly. 23. Fishing Business - If you are located in a rural area or province, you can start this kind of business. With proper knowledge, money, manpower, and location, you can start delivering fresh water fish in urban areas and earn good amount of money. 24. Meat Shop - These types of businesses are common in wet markets. However, others prefer to set up a meat shop business away from wet markets to avoid the competition. Managing to have this business running without any competition will likely to bring lots of money to you. 25. Laundry shop - set up a laundry shop near your community if you havent seen one. You will not only help others in washing and drying their clothes, but you will earn money as well. 26. Rice Retailing - Ive seen lots of entrepreneurs in who started as a rice retailer in their community. You try this one too especially if you think there is no competition. 27. Home Made Accessories - Accessories have become more interesting as the years go by, and todays fashion is not complete without accessories. This can be a good opportunity to start a small business through home made accessories. It only requires small capital but has the potential to generate lots of money. For reference, This blog gave a good example of making accessories. 28. Vegetable Stand - Other than meat shops, you can also set up a business in a wet and dry market in a form of Vegetable Stand. Offer fresh and healthy vegetables. You are not only earning money, you also offer a healthy diet to your customers. more ==>>>> philippinestoday.webs/
Posted on: Sun, 24 Nov 2013 02:00:15 +0000
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