Good Business In The Philippines – There are many good reasons to start a business in 2020, especially if you have the skills, opportunities and resources to start something new. Have you ever heard of the term neglect bias? The omission bias is the tendency to favor omission over commission. That’s when you start to worry about doing something rather than doing nothing. When you start a small business and things start to go wrong and you fail, you worry about the people who are failing. If you don’t start a business, nothing will go wrong and no one will see anything go wrong.
This type of attitude is what keeps people from doing something great. It’s what kills great ideas and prevents businesses from thriving.
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If there is, try to get rid of this mindset in 2020! Then ask yourself again. Interested in starting a business in the Philippines?
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If yes, here is a list of small business ideas and potential investment opportunities for you to explore today. Time to put on the entrepreneur hat!
Agriculture has always been a big hit among entrepreneurs in the Philippines. With growing interest in organic farming and farm-to-table initiatives, there is a growing demand for services and retailers that take fruit, vegetables and other agricultural products to the next level. Take a cue from businesses like Session Groceries.
Tourists visit the country every year for leisure trips and holidays. Usually people seek these activities only in summer, but surprisingly, the number of tourists has increased steadily throughout the year. Therefore, there is always a good reason to start a business that can cater to tourists. Accommodation, transportation services, tour guide services – whatever works for you, you can talk!
Filipinos are usually always on the cutting edge, so smartphones, tablets, computers and other accessories are selling like cakes. We even have complete shopping mall buildings for this. This means that people will support such businesses and there will be a huge market for it. If you can find a supplier that can import high-quality technological devices, take this opportunity!
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As with the boom in agribusiness, the country remains a good market for processed foods. Consider meat products or canned fruit. You just have to find a great recipe that beats everyone else’s. Who knows? You can become the next Delimondo or 7D Mango if you play your cards right.
Water is life, so what better idea than building a business around it? It is profitable. It’s not out of season. Everyone needs this. Water enterprises are divided into different categories. There will be water refill stations where people can buy clean water to drink. Or you can add a little twist to regular water and spice it up like mineral water to design your own craft or sell in special bottles. First, do your research to find what works for your specific audience.
In the subway there are many unique markets where you can buy clothes and shoes. They are always intertwined with people from all walks of life. There is so much you can do. You can start your own clothing line, make accessories and other fashion items. Some even design an entire line of shoes, even if there are a few well-known names on the market.
If you are interested in the real estate industry in the Philippines but cannot afford the required investment, you can become a real estate agent instead. These people make a lot of money without people who don’t have much capital other than their skills.
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Speaking of house and land, another business you can start right away is vehicles. Businesses operating in this sector are divided into different categories. Among the most popular are car rental or minibus rental. There are also those who use their tools for on-demand tool platforms like Grab. Some choose to get involved in something as simple as school service businesses. There is a lot of daily movement in the country, especially in big cities, so there is always a need for human carriers.
Another low-investment business is parcel or mail delivery services like Lalamove. With online shopping on the rise these days, the demand for delivery services has skyrocketed. Such businesses also offer people flexibility, as drivers can do so whenever and wherever is most convenient for them.
If you are an electrical engineer, plumber or other professional, you can easily build a business around maintenance services. More and more Pinoys are realizing the need for these services because it is always better to fix things than to change them completely.
If you are currently working in a related field such as engineering or construction, starting your own construction company is easy. It will be easy to get a group of workers together to complete projects related to the construction of your dream homes or commercial establishments.
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Recruitment agencies play a big role in connecting the unemployed with those who need to hire people. Even greater things await those looking to target the OFW market by sending their staff to places like the Middle East or the cruise industry. When starting a business like this, take care of all the necessary paperwork, as sending your workforce overseas can be a very fragile undertaking.
Solar power is a money-turner these days. People turn to these services when they are looking for ways to lower their electricity bills. You can start a business in this industry, whether as a plumber or directly with clients’ options for solar for their properties. First, you’ll probably need an electrical background or perhaps some experience with a solar company. You can check out companies like Solaric to see if this type of job is right for you.
There is a market for those who want to buy old records or books. This can also be a profitable venture. For example, old CDs are very popular in the market – sometimes as much as you first bought them 20 years ago, especially if they are limited editions that you can’t find anywhere else on the market. For ideas, check out places like Planet CD, a local Facebook group of 18,000 people about discs, and Second Hand Books in the Philippines.
Weddings have never been this trendy, so many people are starting to open wedding-related businesses. Consider always being up to date on wedding trends and color palettes. You can offer services such as collecting flowers, choosing a place and renting a catering company to your mostly women customers.
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Everyone would break at some point. Whether it’s phone repair, watch repair, appliance repair, or anything else you desire, you need to be able to plan, start slow, and build on the advice and recommendations of your current customers. works well and only pursues quality workmanship.
With desktop publishing software, you can place and print custom shirt designs, buttons, neck straps and mugs. Many such businesses already exist; what makes you stand out are good design skills and unique and creative thinking. You also need a good customer base to get more business.
While this type of business is seasonal, you can ruin your business if you time it wisely. If you do it right, your income will be enough to cover your income for the whole year. You have to do anything that is in high demand, such as Valentine’s Day, Mother’s Day, All Saints’ Day, and so on. Also, you need to find good suppliers who will always give you a reasonable price and help you make a profit.
Everything related to beauty will be popular and profitable. But since the market is already saturated, you need to step up your game and do something that makes your business stand out. An example is home use, so you don’t need to rent a place. In general, you will need to have some experience in hairdressing, makeup, manicures and pedicures, and facials. Another way to stand out is to embark on something extremely special – microblading for the eyebrows, for example, or just doing special-effects makeup.
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There are many jobs you can do online. You have so many options your head might explode! But whatever you choose, it all depends on how determined you are. It takes time, effort and resources to make it work. Online sales? It takes a lot of patience. Reduce shipping? This requires hard work. Social media marketing? Consistency is key! You must have all these qualities because
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