5 Small Business Ideas In The Philippines
June 9, 2022
What are some small business ideas in the Philippines?
- Plant shop
- Milk tea or palamig business
- Online tutoring services
- Baked goods business
- Online clothes selling business
In the Philippines, there are many successful small businesses. In fact, small and medium enterprises (SMEs) and micro-enterprises make up 99.6% of the registered businesses in the country. These businesses play an important role in developing the Philippine economy and cater to a wide array of growing demands — from food to clothing and even education. If you’re thinking about being your own boss, here are 5 small business ideas in the Philippines to help you get started.
Plant Shop
Start-up capital: PHP 5,000 to PHP 15,000
Do you love taking care of plants and know how to propagate them? One of the best small business ideas in the Philippines is setting up a plant shop. More and more people in the Philippines are becoming plantitos and plantitas.
If you have an accessible location, like near the main road, you can display your plants for sale. Invest in pots, soil, nutrients, and planting tools. If you don’t have a dedicated space, you can also do online plant selling. Scout for several good suppliers. Start small with succulents and cactus until you know you will have a bigger market.
Milk Tea or Palamig Business
Start-up capital : PHP 2,500 to PHP 5,000
Selling milk tea and other ice-cold drinks (known as palamig) is one of the low-cost yet profitable small business ideas in tropical countries like the Philippines. Milk teas and shakes are a hit during the summer but can be sold all year round because of their thirst-quenching capabilities. Invest in items like cups, mixers, syrups, fruits, and scoops to start selling your drink concoctions.
Online Tutoring Services
Start-up capital: PHP 2,000 to PHP 30,000
Thanks to the internet, learning has become even easier to do even in the comfort of people’s homes. If you are knowledgeable and passionate about certain subjects like math, music, art, or language, you can start an online tutoring business. All you need is a laptop, a webcam, headphones, and an internet connection to teach students and budding enthusiasts via Skype or Zoom.
Baked Goods Business
Start-up capital: PHP 3,000 to PHP 5,000 (if you already have baking equipment); PHP 30,000 to PHP 40,000
It’s no secret that most people in the Philippines have a sweet tooth. Baked goods are a common favorite product here. If you have the talent for creating sweet treats, starting a baked goods business would be a great idea.
Whether you bake aesthetic cupcakes and cakes or traditional pieces of fluffy bread, you’ll be glad to earn money from your hobby. Start small with online pre-ordered baked goods. Invest in baking equipment and ingredients.
Online Clothes Selling Business
Start-up capital: PHP 3,000 to PHP 20,000
Online shopping has been a steadily growing trend in the Philippines and it is showing no sign of slowing down. Take advantage of this growth and set up an online clothes selling business!
If you have plenty of clothes that you don’t use, sell those. You can also head to an ukay-ukay and resell the clothes you score for a higher price. Some ukay-ukay sellers there will offer wholesale products at great prices. Post the clothes on e-commerce sites or social media platforms like Instagram and Facebook marketplace. You can also do live-selling.
Keep in mind that market research is important when starting an online clothes selling business. Think about what clothes your target audience likes. Look for trending clothes on social media pages.
Key Takeaway
Take inspiration from the five small business ideas in the Philippines we’ve listed above. With a little perseverance and planning, you can be your own boss too! Let Benito Keh assist you in reaching your entrepreneurship dreams. As one of the most prolific serial entrepreneurs in the Philippines, Benito Keh has the knowledge and experience when it comes to getting start-up businesses off the ground. Click here to check our other blogs or get in touch today by clicking here.