Do you wish to launch a business in the Philippines? In this post, we’ve compiled a list of the in demand business concepts in the Philippines with high profit margins that any aspirant can launch with little start-up money.
The Philippines, a country in central Asia, has Southeast Asia’s fastest-growing economy. It is the third-largest English-speaking nation in the world. The nation is endowed with a variety of natural resources, including marine and mineral resources.
The Philippines, which has a population of over 100 million, offers a sizable market for numerous industries. They rank among the top 10 gold producers worldwide. As a result, both locals and visitors may conduct business successfully in the Philippines.
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List of In demand Business in the Philippines
Capital: ₱2,000 to ₱5,000
This idea for a home-based food business demands an investment of between ₱2,000 and ₱5,000. You can even open a business just outside your house, using your neighbors as your primary clientele.
You can sell a variety of foods, from almusal favorites to afternoon munchies, with a merienda company. Lugaw, palabok, puto, biko, fishballs, kwek-kwek, banana-cue, and other Filipino favorites are available for sale. This can undoubtedly be a successful business in the Philippines if you’re in a decent area.
Capital: ₱3,000 to ₱40,000
Do you enjoy pastries and have a sweet tooth? In the Philippines, you can make money out of this enthusiasm.
Start selling your best-tasting baked goods if you adore baking. You may start a business for approximately $3,000 to $5,000, assuming you already have the necessary equipment. If you still need to buy baking equipment, this capital might reach as high as 50,000.
You can sell cakes, cupcakes, pandesal, and other sweet treats. Additionally, you can take special orders for specific occasions. Don’t forget to create a Facebook or Instagram page for your company to use for internet advertising.
Graphic Design Business
Capital: ₱20,000 to ₱70,000
A budget of 70,000 yen is needed for design software, a computer, and a graphic tablet for this company concept. From the convenience of your home, you may provide influencers and vloggers with graphic design services.
Additionally, you can provide graphic design services to startup companies in your country and abroad. For clients who desire a one-of-a-kind design, you can also accept custom print orders or design commissions.
Capital: between ₱5,000 and₱10,000
You can now make money online even from your own house. Nowadays, it’s simple to sell things online and find buyers. On social media and e-commerce sites like Lazada, Shopee, and Carousell, you can sell anything from garments to hair products.
The cash needed for this business concept is merely a few thousand pesos. Starting an online business is simple. You may start up your online store at home with just a computer, an internet connection, an online selling platform, and some goods to offer.
A successful home-based business venture for first-time business owners is online retailing. You can purchase goods in bulk at discounted rates from reputable and legitimate vendors and then resell them online to increase your income.
Capital: between ₱5,000 and ₱7,000.
You can launch a home-based e-loading business for as little as 5,000. A basic phone, a store SIM card, and a starting balance of 5,000 are all you need. You can combine your e-loading business with other lucrative home-based business concepts in the Philippines, like a sari-sari shop or a firm that processes bill payments.
You can expect to make between 3% and 13% in commissions on every sale as a load retailer. Even though it may not be much, it’s an excellent business to start if you don’t want to leave your day job or if you currently run a successful or established home-based business.
Retailing of rice or Bigasan
Capital: ₱75,000 to ₱120,000
Having your own bigasan ensures that you will always have customers because it is the national dish of the Philippines. The capital needed for this business concept ranges from 75,000 to 120,000. Additionally, you need to obtain the required government registrations and permits, as well as a license from the National Food Authority (NFA).
You can make up to 5,000 yen every week from your bigasan if you live in a busy neighborhood. A standalone bigasan is something you might have at home or as a section of your sari-sari shop. However, you must always keep an eye on your rice supply because it may quickly rot and lose quality in just three months.
Capital: ₱1,000 to ₱25,000
For aspiring and experienced writers alike, this is one of the most popular and lucrative business ideas here in the Philippines. There are many ways to make money writing, whether it’s by creating the next Harry Potter book or producing web articles. With 20,000 you can purchase a basic laptop and start typing on Google Docs or Microsoft Word.
You can locate clients through your own professional network or freelance marketplaces like Upwork or Freelancer. You can work from home as a ghostwriter or as a self-publisher if you wish to create your own full-length novel.
Of course, there are other charges associated with self-publishing, such as book design fees, marketing, promotional costs, and editing services. However, it’s a profitable business to launch in the Philippines for domestic writers.
Capital: ₱5,000 to ₱15,000
Make a business out of your passion for coffee to take it to the next level. One can be launched for as little as 5,000. It’s a simple and affordable method to make your ownership of a coffee business a reality. Build a coffee nook in your garage or place a coffee stand in front of your home.
You’ll require a professional espresso machine, ideally a semi-automatic one, to start up your home-based coffee shop. It is the greatest option for little coffee businesses because it is reasonably priced (around 5,000). To operate it, though, you still need a barista. If you want to feel like you are at a real coffee shop, a barista is essential.
Do you want to grind your own coffee? Additionally, you’ll require an industrial grinder. For clients that just like their coffee basic, dark, and strong, consider investing in an automatic drip coffee maker.
Purchase brand-new equipment or shop online for used models to save money. Make sure to look at the numerous used items of furniture and equipment for sale online for coffee shops.
Which of these business concepts best catches your attention? If you want to start making some extra money at home in the Philippines, these are just a few business ideas.
However, if you have a novel concept motivated by your hobbies and passions, try turning it into your own business. You are the one who ultimately knows what gives you success, fulfillment, happiness, and stability.