Ever Dreamed of becoming a boss? Maybe its time for you to step it up, According to reports by the University of Asia and the Pacific (UA&P) as well as First Metro Investment Corporation, The investment banking arm of the Metrobank Group, The Philippine economy is likely to grow above 7% in first Quarter of 2018.
Business planning is very essential in the success of a business and becoming a successful entrepreneur. If you’re thinking about starting a business, here are a few ideas that might help you in deciding the type of business that you can start here in the Philippines (2018).
Food Cart Business
The food cart is like a mobile kitchen with the same concept of the food truck but only smaller the advantage is that it can be easily set up and does not occupy a lot of space and maintenance is very easy. You can facilitate your sales and marketing by the streets, malls, nearby business establishments, school etc.
Franchising is really a good business here in the Philippines. You can Check the website of Philippines Franchise Association for the availability of businesses that you can franchise, the needed capital and business information.
Cakes and pastries
Filipinos love to celebrate birthdays, weddings, anniversaries and etc. Celebrations are incomplete without cakes. In that case having a cake and pastry business is a good start. You can start a cake and pastry business either by online or having a physical store. For entrepreneurs with a smaller capital you can start by selling your products online thru social media like facebook, IG, twitter and etc. Almost everyone in the Philippines has a facebook account. Take pictures of your sample cakes and post it or ask your friends for referrals.
Rice is staple in every Filipino meal. This goes to show you that you can never go wrong when it comes to choosing this type of business. Some of my friends venturing in this business say that returns are good. The staring capital usually ranges from P80,000 to P120,000.
DFA passport Online Appointment
DFA is one of the busiest agencies in the Philippines. Recently the DFA launched the online appointment-scheduling scheme; unfortunately not all Filipinos can access Internet or they are too busy to wait for the slots to open in the scheduling appointment site. You can offer them 500 to 1000 per appointment. If you don’t know how to use the DFA online appoint you can check this link for guidance Click Here
This type of business is best for budding entrepreneurs, you can start with a lesser capital and all you need is to set up a website, social media accounts and promotional strategies. You can sell products, provide services and many more.
Buy and Sell
The concept of buying goods and reselling them with retailers and customers with an increased in value from the original price. For example you can do a car buy and sell or properties.
You can corporate this one with buy and sell. When you buy items you can sell it online. There are many options now OLX, Ebay or you can create a selling page on social media and post it. You just need to take pictures of the product put details, price and post it.
Any sort of personalized printing business would be a hit, Filipinos love personalized printing as it gives a personal touch of the products that they are using. In this kind of business you must equip yourself with knowledge about marketing. Find a good supplier, choose wisely the machines and consumables your gonna use and make sure it is good quality. Do Hire passionate, Honest and hardworking people. Good promotion is your best weapon.
Website Development Business
If you're a Webmaster and looking for business opportunities. Make sure you create a website portfolio of your work to attract clients. Not all Filipino businessmen can create a website. Here you can come in by providing them services where you can create a website for them. This business is very lucrative but the price depends on the complexity of the project.
The Philippine fitness industry is booming. Filipinos are always seeking ways to get in shape it might be a little capital intensive, as you will have to procure all valuable and vital exercising equipment that will promote your business. You do not want to be found wanting when clients call for certain types of equipment. You will also need to hire the best of instructors. Feasibility study is very important in this type of business.
Admit it washing clothes is the hardest chore. A good location is very essential in this type of business, It would very strategic if its near boarding houses or apartments.
Travel Services Business
The Philippines is one of the most visited countries around the world. Local tourist also flock different local attractions. If you’re someone who loves to travel, and enjoys helping others have great experiences, you may have consider this.
Tour Guide Services
If you’re a certified traveller then this business is for you. This type of service is in demand because many foreigners like Koreans love to travel with a Filipino travel guide. It’s a win-win for you traveling while earning.
Internet and Gaming Cafe
These businesses rely on its strategic locations. You have 2 options for your Internet and gaming cafe. You can either charge per hour or you can adopt the new trend of Internet Cafe’s, which is the PISONET. In pisonet you don’t need an attendant, customers will only drop a piso coin to turn on the computer.
Egg Laying Business
If you’re planning to invest your money and you don’t have a big capital, poultry is one of the businesses you should consider. You don’t need to buy expensive equipment’s or machinery. Egg poultry business provides eggs to customers it can be sari-sari stores, grocery stores or individual and etc. Check this blog for more information how to start egg-laying business.