With small startup capital!
by Mika Quinsay on July 29, 2023
Do you want to start a small business in the Philippines? Here in this article, we have listed down the best small business ideas in the Philippines with high-profit potential that any aspiring individual can start with low capital investment.
With a population of over 100 million people, the Philippines provide a big market for various businesses. They are among the top ten producers of gold in the world. As a result, the Philippines is a good place to do business for both residents and foreign nationals.
1. Smart Phone Repairing
The mobile phone sells in the Philippines in huge quantities. The Philippines ranks among the top 12 countries in mobile phone sales. The smartphone repairing business surely will grow in the country.
2. Sari-Sari Store Business
If you have a space in a location with high footfalls, starting a sari-sari store can be profitable. There are a lot of people in the Philippines earning more than P15000 a day.
3. Start a Blog
If you enjoy writing and have a passion for a specific field, you can earn money by creating a blog. There are a lot of individuals who are generating full-time income from blogs.
4. Online Surveys
If you are looking for an investment legitimate income opportunity right from your home in the Philippines in your spare time, finishing online surveys is a good option.
5. Open a Small Bakery
You can set up a small bakery in the Philippines. You need baking equipment (pans, ovens, mixing equipment, cake decorating equipment, and measuring equipment), raw materials (flour, eggs, sugar), consistent recipes, business permits, and licenses, and good marketing skills to start this business. As you make more profits, there is always an option of scaling up.
7. Restaurant business
The scope of profit in the food business is high as the economy is growing especially in cities in the Philippines. You can start a restaurant business. Passion for food is a prerequisite to being successful in this business.
8. Real estate Agency
Many Philipinos have become millionaires from real estate business activities. Start as a broker in buying and selling land plots.
9. Laundry Business
The laundry or laundromat business is all about cleaning and drying the clothing and garments of customers. This profitable business is very easy to start and suits urban cities like Manila. One can start this business with an investment range of P50,000 to P100000. You just need a washing machine and pressing irons to start this business.
10. Create an Online Shop
More and more people in the country are buying products online. If you have a product/ products to offer, create a website and sell products online to customers. Nowadays, it is easy to start an online shop. There are many popular website builders that will help you in creating your online shop with a minimal investment of around P5000 to P10000.
