Why it’s a profitable business: Get paid using your skills in helping companies drive more traffic to their websites. Every month the child gets different kinds of toys and games. For any queries please contact us at Email [email protected] Phone +1 206-257-2964. Sari-sari store owners who plan to expand their business. 10 Profitable Business Ideas In The Philippines Amid The Lockdown 5 min. Filipinos treat their pets like family, so they buy pet food, clothes, accessories, grooming tools, and toys. Ideal for: Entrepreneurs who have no space for a brick-and-mortar store and can source low-cost pet product suppliers. Ideal for: People with a passion for personal development, empathy, compassion, and people skills. Business ideas for 2021. You can earn about Php 2,000 to Php 8,000 per week with just a truckload of scrap metals. 3. There’ll always be customers willing to shell out money to keep their pets clean and well-groomed. IT professionals and technicians with computer diagnosis, troubleshooting, and maintenance skills, Clients are not limited individual computer owners—you can also get a stable income from servicing other small businesses and offices without in-house IT staff, Requires not only technical skills but also people skills to attract and retain clients, Need to keep updating your skills, as computer technology always changes. High demand for videoke machines for rent. Need to prepare for and pass the Insurance Commission’s licensing exam to operate as a financial adviser in the Philippines. Personalized printing services are in-demand all year round, especially during peak seasons like Christmas holidays and election. Profitable addition to a street food business or kakanin business. Computer troubles due to viruses, malware, or mechanical wear happen to everyone. Sinks and toilets can get clogged. Ideal for: Freelance virtual assistants who want to start their own business. Caterers are among the most sought-after suppliers for this purpose. ⏱ Time codes (Top 12 Best Business Ideas for 2021) 00:00 INTRO 00:30 Hobby vs Job vs. Business 01:33 3 Sections with 4 Ideas each 02:06 Online Teaching […] What are the best online business ideas for stay-at-home parents? Ideal for: Street food enthusiasts with limited startup budgets. Cons: Earning back the money invested can take some time. In Metro Manila and other key cities in the Philippines, app-based ride-hailing services, also known as transport network vehicle service (TNVS), are enjoying a higher preference among commuters over taxis for their premium service—even if their rates are higher. Ideal for: People with used items to sell and have skills in networking and sales talk. Once you earn their trust, car owners will come to you for routine repair jobs, even if your shop is in a not-so-ideal location. Thus, US dollar earners look to money changers first. Small eateries, locally known as carinderia or turo-turo, are still the go-to places for customers looking for cheap home-cooked meals. In addition, professional photographers are contracted by graphic and website designers for customized images. This idea is very lucrative small business idea for 2021. Personal shoppers charge around 10% of the total purchase they make for their clients. Kasambahays who have saved enough capital to, Easy business to start with a low startup cost, The challenge of finding your first clients, especially if you’ll target commercial clients. eval(ez_write_tag([[300,250],'filipiknow_net-banner-1','ezslot_4',185,'0','0']));Here are 5 different business industries you can explore on: i. Sense of pride when clients become successful. Pros: Great way to earn money from selling your skills and improving your digital marketing knowledge. If you have a good command of the English language and are well-versed in punctuation and sentence construction, transcription can be the business for you. Why it’s a profitable business: Building software programs or mobile apps is a lucrative freelance business for web developers. Travel agencies earn as much as Php 80,000 during low season to Php 200,000 per month during peak season through commissions and markups for every closed sale. Now you can start with business ideas in India as beginners 2021. Entrepreneurs who can find an ideal location (like a commercial space or market stall) for selling meat. Profit margins range from 70% to 100%, which means you can sell ice cream at double the production cost. Why it’s a profitable business: On average, personal trainers earn more than Php 1,000 per session. Start with whatever is abundant in your area. Great ideas for people looking for online or offline opportunities and earn money quickly. Setting up ... Smartphone repair. Now is a great time to be a real estate agent! Another emerging example is entrepreneurs who provide soft drinks to restaurants which used to deal directly with the beverage manufacturers. Filipinos love to eat! Why it’s a profitable business idea: Do you love hiking, surfing, paragliding, or any other outdoor activity? Related Article: 25 Legit Online Home Based Jobs in the Philippines (Up to Php 160K+). Offer a car rental service to tourists, business executives, corporate clients, and regular motorists whose cars break down. It is shocking to note that in this day and age of online businesses; only 53% of small-scale enterprises own a website. Look for a human need in your barangay or municipality that can only be fulfilled by going to another place. Some celebrity trainers. Hairband making business is a lucrative and profitable manufacturing idea and is among the most popular small town business ideas. Grow and sell ornamental plants from home. Philippines is one of the premiere destinations for transcription services. Ideal for: Kasambahays who have saved enough capital to start a business and newbie entrepreneurs who have the passion and patience for this type of business, Cons: The challenge of finding your first clients, especially if you’ll target commercial clients. High demand for short-term rentals in the Philippines. Whether they are referred to as virtual assistants, freelancers, telecommuters, or home-based workers, these people are those who essentially work from their homes. E-commerce has opened a lot of online business opportunities that you can manage in the comfort of your own home. Need to come up with your own special recipe or sauce and offer better pricing to stand out. Earn steady income (up to 68% profit margin) by providing good-quality service to keep customers coming back. Php 50,000 (home-based) to Php 250,000 (franchise). People do not want to go through traffic and to queue at the cashier. Why it’s a profitable business: The Philippines is considered one of the top outsourcing destinations in the world for medical transcription services13. At the end of the day, the goal of every business is to profit. But not everyone experiences serendipity. Furniture makers or anyone with sewing skills who enjoys working on furniture, A low-cost business that can be started from home on a part-time basis, The challenge of getting your first customers; may need to offer low introductory rates when you’re starting out to build a client base. Best for Business or Personal Use and patok po ito ngayun may lockdown.INTERESTED? More and more companies are hiring contact centre agents, but keeping up with the demand of the industry while assuring quality is difficult. 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. Opportunities: Remember that e-load retailers are the ‘front liners’ of the e-loading business, above them are the sub-dealers, dealers, distributors, and the telecom company. Music Education graduates or those who are highly skilled in playing guitar with good communication skills. Ideal for: Tech-savvy people who want to earn passive income. Ideal for: Apartment and condo owners with an unoccupied unit in a good location. Free TESDA automotive courses for those who want to start an auto repair shop. A tapsilog business offers great potential for growth. Everyday birthdays, anniversaries, and special occasions are celebrated. Monthly earnings range from Php 40,000 to Php 150,000. It’s also easy to attract customers via social media and word of mouth. Capital: At least Php 300,000+ (small truck) to Php 600,000 (utility van), Ideal for: Van and truck owners who wish to maximize their vehicle’s earning potential. Feeling crafty? Online Photography Business. Turning your love of animals into a small business. Do you have an idle apartment or condominium unit? Why it’s a profitable business: Foreign and local travelers prefer booking their accommodations via Airbnb because of its cheaper rates than hotels. Some are paid to mention or review a certain product on YouTube. No guarantee of a stable income (Tendency to lose clients during off-peak season, like summer and Christmas). With black outs looming in the future because of the prevailing power deficit and El Niño, candles continue to remain in demand. These data justify the need for Filipinos to start exercising. You can start with a home-based alteration business and later on provide tailoring services. The laundromat was the first type of laundry business, ever started. Banks normally buy US dollars at a price lower than that in the grey 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. Intense workload, as you’ll be juggling multiple roles when you’re starting out until you form your own team. 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. People with a background in chemistry or chemical engineering, Can be started from home with a small capital, simple ingredients, and standard kitchen equipment, Income-earning opportunity from a fun hobby, Potential to grow into a multi-million business, The tedious and time-consuming process of producing soap, Stiff competition with other handmade soap products in the market, The challenge of finding natural raw material suppliers. You can buy cheap local produce in bulk from Balintawak or Divisoria and sell them per piece or kilo. Cons: Need to thoroughly study and understand the nature of mushrooms and their production before starting the business. Many people are too busy to go to the market to buy fresh fruits and vegetables. Every problem presents an opportunity. It requires only a small backyard for growing plants. Convenience Store/Mini-Grocery Store. Simple and readily available ingredients. Party materials, such as hats, loot bags, and balloons are cheap and available wholesale. Capital: Around Php 1 million for a franchised business. No need to build or rent an office, as this business can be started from home. Quick preparation with commercial ice cream makers. Let’s take a look at the list of ideas that’ll make you money in 2021: 1. Through a PisoNet business, you can offer sulit internet (one peso per 4-5 minutes) that students and low-income earners can afford. Ukay-ukay or flea markets that sell used clothes are still a major industry in the Philippines. Requires pizza-making training and skills. Starting this type of business is easy. For example, if the nearest bakeshop in your place is 30 minutes away, consider starting your own so people won’t have to travel just to buy pandesal. Turn your passion into profit by starting an adventure travel business. In fact, a kakanin business helped a mother fund her children’s college education. internet (one peso per 4-5 minutes) that students and low-income earners can afford. High demand from small and medium businesses in the Philippines and abroad, as digital marketing is more cost-effective than traditional marketing. Making the business stable can take quite a while. 50 Best Small Wholesale & Retail Business ideas for 2021. However, it sometimes becomes tedious to make the drive to a mall just to get a haircut. Many foreign investments are coming in because of business process outsourcing or BPO. The more you blog, the better you become. Qualified people with strong people skills and sales skills, High profitability through commissions with little capital, The fulfillment of helping clients find their dream home or sell their home at the best price, Requires a degree in Real Estate Management before taking the broker’s licensure exam, Must be registered and licensed by the Professional Regulation Commission (PRC), How to Find Business Idea: An Ultimate Guide to the Best Business Ideas in the Philippines. Why it’s a profitable business: The tradition of preserving shoes for sentimental and money-saving purposes is still alive in the Philippines. Consider putting up a convenience store or small grocery store to sell a wider variety of goods. Corporate downsizing is a trend nowadays, as businesses eliminate their in-house janitorial teams and outsource cleaning services to third-party providers instead. In addition to dog walking, the pet industry has opened new branches for pet care. Selling native delicacies like suman, biko, and puto is an affordable home-based food business idea with high-profit potential. Franchises have the advantage of having the system, manpower, and brand. Requires sewing skills and equipment for alterations to match customers’ sizes. Many shops, private and government offices, subdivisions, and commercial establishments are setting up surveillance cameras in their premises for security reasons. There’s an increasing demand for cleaning services, especially in Metro Manila where people lead fast-paced lifestyles. With its affordable price, this meal is so easy to sell. Cheap business to start; you can start a coaching business from home. Hairstylists, hairdressers, or beauty enthusiasts who want to start their own business, Profitable business if it’s in a high-foot-traffic location, The fulfillment of helping people feel great about themselves, Can start offering salon services from home, Need to be constantly updated on the latest hairstyle trends, products, and services, Need to adequately and regularly train personnel, as well as purchase high-quality hair products, to avoid unpleasant results like damaged hair and skin rashes. Unstable income (Revenues peak during busy times such as holidays but drop during lean times). Training celebrities is even a more lucrative business. How to Find the Best Small Business Ideas in the Philippines with High Profit: 3 Steps. Ideal for: Fitness enthusiasts with people skills and a passion for helping others become fit and healthy. Although there’s always a risk that you might eventually dislike your hobby once you turn it into a business, its money-making potential far outweighs it. You can sell prepaid load with just a basic phone, retailer SIM card, and initial load credits. In the past few years, we have seen several tutorial centres open up in the Philippines. Guitar teachers charge from Php 8,000 to Php 15,000 per 12 lessons (one hour each). Stay-at-home moms and office employees looking to earn extra income from home. All-year-round sales that peak during holidays. Risk of property damage due to reckless guests and natural disasters. With all the flooding that happens in Metro Manila, cars are highly exposed to engine breakdowns. Online teaching. These styles of combat not only are deadly and ideal for self-defence but also provide a great workout. Fashion designers, tailors, and seamstresses. Your own products (ecommerce or SaaS). Why it’s a profitable business: Image consultants usually work with high-paying clients such as politicians, celebrities, and business tycoons. What crowns your residence better than beautiful landscaping? 1. Requires a lot of patience and hard work, especially when you’re starting out. 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! Cons: Requires a spacious room to accommodate multiple pets and differently sized cages. A 2011 survey by the Food and Nutrition Research Institute showed that 22.3% of Filipino adults are overweight, and 6.1% are obese. Because there are a lot of business ideas for beginners and success stories of an Instagram model like Gabrielle Epstein. Why it’s a profitable business: Mushroom farming15 has so much potential in the Philippines where there’s a growing demand for gourmet and organic mushrooms (which are used as ingredients for chicharon, noodles, burger patties, and other organic food products). Inventory losses when food products reach expiration dates. Caterers are among the most sought-after suppliers for this purpose. Capital: Php 120,000 (own shop) to Php 3.5 million (franchise). Spending time and money on meat processing training courses (Each course takes from one to five days and can cost over Php 2,000). Small Technology venture but more of a learning experience questions. Moreover, remember to be creative at all times. Cons: Driving under the rain or intense heat of the sun. Many social media-savvy millennials are conscious about their looks and health. Would-be entrepreneurs who are willing to wake up in the wee hours to buy crops to sell. Why it’s a profitable business: Love taking care of plants and want to make money from it? Higher profit margins than other food items like rice. Ideal for: Furniture makers or anyone with sewing skills who enjoys working on furniture, Cons: The challenge of getting your first customers; may need to offer low introductory rates when you’re starting out to build a client base. Occasional slow business days and delays in supply delivery. Cons: Difficulty finding initial clients. Dance instructors can charge around Php 1,500 to Php 35,000. Sell old books, textbooks, comics, magazines, romance novels, pocketbooks, and any reading materials. There are plenty of good reasons to start a business this 2020, especially if you have the skills, the opportunity, and the resources needed to do start something new. 6. With the increasing popularity of MMA primarily because of UFC, the number of Filipinos who want to learn Brazilian Jujitsu, Muay Thai, wrestling, and boxing is growing. People who enjoy restoring shoes and other leather goods and want to make money out of it. The only business investment you need is a website and a computer. The roof and faucets can get leaky. Thus, a money changing business is a great venture. If you have been asking yourself what business to start, then this list is for you. Love taking care of plants and want to make money from it? These can be upcycled into home decors, bracelets, purses, bags, picture frames, and anything your imagination can come up with. The Philippines is likely to be the last country in Asia-Pacific to fully recover from the pandemic-induced recession, with recovery seen only in the fourth quarter of … Crowd-sourcing. Particularly, Zumba instructors are in demand in the Philippines. Why it’s a profitable business idea: Do you love makeup? Landscaping gives your home character and life. 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