Unemployment is one of the biggest problems in the Philippines. Because of this problem, some people are looking for something that will help them live throughout the day.
However, even employed people can have problems when it comes to their expenses. This is why those people who bear entrepreneurial spirits are doing business.
In doing business, there are things that you should consider such as capital and investments. The results of any business can either a success or a failure.
Small businesses are perfect for those who do not have a job but has the capital. It also work best for those people who are employed but wants to have another source of income.
Even though it’s early before the New Year comes, this is just the perfect time to choose and plan for your new business venture. Here is the list of the top 10 small businesses that you can do here in the Philippines.
1. Sari-Sari Store Business
Sari-sari store is the most typical business that Filipinos do which only requires a small capital to start. From the word sari-sari, which means variety, people sell different stuffs or snacks and gain profit from it.
Although this is not a “big shot” business, having a sari-sari store as a business is a very effective way of gaining profit with small capital. This is a good business especially for those people who have a lot of time or for people who love selling things.
You can invest on having a simple space to get this started, but be sure the room is facing the road. Most sari-sari store owners put up their store in front of their house. You can then fill that space with different things such as condiments, snacks, candies, and so on, as long as they fit your budget.
Estimated Capital: ₱15,000 - 30,000
Estimated Capital: ₱15,000 - 30,000
2. Rice Retailing Business
Unlike other people from different, Filipinos eat rice almost every day. Rice is considered a necessity in the Philippines. This is why people prefer to sell rice grains which consumers will surely buy.
Although this is a sure shot business, you will still need a fair amount of capital and a good business space. You can also rent a good stall around your area. Make sure that you always maintain the cleanliness of your store and products.
Estimated Capital: ₱40,000 - 80,000
3. Food Cart Business
Food cart business is a very popular business to start but many people are tricked by this. Some food cart owners let others franchise their food cart in a low price with no royalty fee. However, you should keep in mind that you will become only a seller of the product and not a business owner.
If you want to invest on this kind of business, make sure that you will franchise the products that have already made their names and brands. You can also create your own food cart by simply setting up a food cart with your own products. This can also be considered as an investment.
If your products are good, you can be a franchisor and serve as an inspiration to other people who want to do business with you.
Estimated Capital : ₱25,000 - 50,000
4. Printing Business
Printing can have a very good market especially when you are in the Philippines. Companies that use traditional marketing create tarpaulins, billboards, and other advertising materials.
Aside from marketing purpose, printing business also works on special occasions. This can be birthdays, anniversaries, and funerals.
Getting the right location for this kind of business is very crucial. A few of the best place to start this business is near a school, wherein students need to print different materials for their daily projects.
To get started, you will need business permits and equipment for the business. Remember to plan all the necessary things before creating this business.
Estimated Capital: ₱50,000 - 200,000
5. Buy and Sell Business
You can usually see this business everywhere especially when you love browsing the web for products to buy. There are lots of products out there, which people tend to buy or sell.
From the words that define it – buy and sell, this is a business wherein you will buy products like gadgets and clothing for a low price and sell them on a fair price. The capital you need here ranges from small-to-large depending on the things you will be buying.
Estimated Capital: ₱20,000
6. Street Food Business
The Philippines has lots of interesting things and one of these is the street foods. You won’t usually see street foods in other countries, and the good thing about street foods here in the Philippines is that, despite being weird looking, they taste so good. However, not all street foods are clean so make sure to check your surroundings and your store itself to make most out of it.
You will usually see street foods on the sidewalk while some uses carts to sell. This type of business doesn't require high capital to start. The profit that you can gain with this kind of business could double your capital. Street food business may look simple but it can gain a lot of profit; in exchange, street food vendors need to work all day. Seems tiring right? However, hard work can have positive outcomes.
Estimated Capital: ₱5,000 - 10,000
7. Cellphone Loading Business
This is another typical type of business that you will see in the Philippines since most people have their own cellphones. Taking this fact, they will be need to load and will find loading station for their phones.
This business can help you profit from 10% to 15% of your total capital. Not bad for a small business, right? The only thing that you will need to start this business is a cellphone and a good capital.
If you have decided to choose this business, be careful on every transaction you’ll do or you might mess up and load another subscriber. You will gain no profit if that happens.
Estimated Capital: ₱1,000 - 3,000
8. Laundry and Dry Cleaning Business
Laundry and dry cleaning business is a common business that you will find not only in the Philippines but also in other countries. There are people who are too busy with other things and have no time for house works like doing the laundry. They usually hire people to do this stuff for them while some look for laundry shops.
To get started, you will need business permits and equipment for the business. Securing a permit means that your business is legal, follows hygiene requirements, and has safety measure when something happens.
Estimated Capital: ₱80,000 - 150,000
9. Photography Business
From the word itself, this business is all about photographs. This is also a common type of business but it usually needs a lot of effort and capital.
If you are a photographer or at least good at catching the angles and creating a good effect to make the photo look better, then this is the most recommended business for you. Basically, if you are an individual who aspires to be a photographer and plans to push it further, all you need to have here is the determination, talent, and a good camera.
Estimated Capital: ₱50,000 - 100,000
10. Travel and Tours
This kind of business is one of the fastest growing businesses nowadays. Companies in this kind of industry are popular to all travel lovers out there. If you love traveling, travel and tour business can be a perfect business for you.
The year 2015 has started well especially here in the Philippines, and a large number of tourists may continue to arrive this year. This estimation means that this business can be perfect for this year. Who doesn't want a discounted price for travel, right?
Estimated Capital: ₱80,000 - 150
