There’s no better way to welcome a new year than to finally take the first steps into your life-long dream of building your own business. In the Philippines, the year 2018 is a promising one for new and old entrepreneurs and you should grab this opportunity while it still lasts.
The first thing that you have to do is to think and make a list of the best and the most suitable business ideas that will guide you in finally making that dream come true. If you’re having a hard time figuring out what you want for an enterprise, this article will help you take that first step.
Here are the best business ideas and opportunities in the Philippines for 2018 that you should consider.
1. Party and Events Rentals
Filipinos love to celebrate every occasion there is and it’s a business opportunity that you shouldn’t miss. You can sell basic party supplies like balloons, customized souvenirs, invitation cards, and even offer rental services for common events materials, equipment, and other party needs.
2. Travel Agency
The travel fever began just recently among young and old Filipinos who enjoy sightseeing and taking pictures of the best sights in the country. Your travel agency business can cater to those who just want to explore the Philippines without the hassle of booking flights, securing accommodations, and finding the cheapest tour packages available.
Your clients can be private tourists and travelers or you can also offer your services to companies and government agencies.
3. Online Content and Article Provider
There are millions of websites out there and the demand for high-quality content has never been this big. Aside from providing content production services to Filipino website owners, your business can also cater to foreign clients who wish to promote their own products and services through persuasive write-ups and content marketing articles. The best thing about this business is that you can do it at home.
4. Tour Guide Services
If you live in a tourist town or a popular travel destination, then a tour guide services business is perfect for you. Aside from being a local and knowing all the beautiful secrets that your region has to offer, you have the chance to promote your home to domestic and international tourists.
You can offer day trip packages for groups, couples, and individuals, or you can also partner with local accommodations to expand your market.
5. Kids’ Daycare and Playground Center
These days, it’s common for both parents to pursue their professional goals so they are left with no one to take care of their kids.
A kids’ daycare and playground business can make busy parents feel safe and assured that their young ones are in good hands. Aside from acting as babysitters, daycare staff conducts activities that encourage fun and learning.
6. Coffee and Tea Shop
Coffee shops are popular among students and freelance professionals who want to find a place where they can work, study, or relax while enjoying a great cup of coffee. This means that you have a wide market and a large demographic so you’re sure that you will not have to worry about attracting customers.
You can introduce a unique theme to your coffee or tea shop and make sure that you serve your specialty drinks to stand out.
7. Statement Shirts/ Couple Shirts Store
If you’re an aspiring designer and a writer, you can use your skills to create a statement shirt business and offer unique and high-quality clothing.
Aside from winning the hearts of teens and young people who are suckers for awesome typography and witty statements, you can also offer Couple shirt designs for lovers who want to express their love for each other by wearing matching outfits. This small business idea is surely an idea with a big heart!
8. Internet and Gaming Café
The gaming world is not slowing down, thanks to internationally-hosted and million-dollar-prized competitions that are attracting many players from every part of the planet to hone their strategic fighting skills in the online arena.
Your internet and gaming café will surely be a hit to the millions of gamers in the Philippines who just want to have fun and play with their friends.
9. Beauty and Food Supplements Store
Filipinos want to achieve their healthiest and most beautiful self, so they rely on not just a healthy lifestyle but also on food and beauty supplements to complete the ultimate food and health formula.
You can sell your products online or even set up a physical store depending on the amount of resources and capital that you have ready.
10. Pet Care Business
Filipinos love their dogs, cats or any other pet. They even consider them as part of their family. If you have a passion for caring animals, why not start a Pet Care business? This could be a perfect business for you, especially if you are a veterinarian.
11. English Tutorial Services
Thousands of non-native English speakers have flocked the country over the years not just to travel but to learn English. For them, the Philippines is an ideal destination to study a foreign language because aside from its affordability, Filipino teachers are known to be friendly and accommodating.
12. Pre-loved Clothes Store (Ukay-ukay)
Vintage clothes are becoming a go-to fashion style for teens and young professionals and most of them gather at their local Ukay-ukay stores hoping for some great fashionable finds.
You can start your very own Ukay-ukay store, selling pre-loved fashionable clothing for kids, teens, and adults. Just find a good supplier that can offer affordable class-A quality clothes and you’re good to go.
13. 24/7 Food Stop
This is an ideal business concept if you live in a big city with an active and busy nightlife. You can sell the most common and in-demand food items (chips, sandwiches, instant noodles) and drinks (coffee, tea, chocolates) to even party essentials like booze, soda drinks, and more.
24/7 convenience stores can be popular among students who often pull all-nighters or employees following a graveyard shift.
14. Food Catering Services
Filipinos love to eat and it can be observed in the long list of food they have for every occasion. Therefore, a food catering business is a wise choice especially if you know your way around the kitchen and can cook the best original Filipino and foreign recipes.
Aside from the high demand for catering services for wedding receptions, you can also tap the government sector which is one of the biggest customers for catering services since they always have big events. However, in order to start providing catering services to any government agency, you must secure a license with the Philippine Government Electronic Procurement System (PhilGEPS) first.
15. Food Carts
There are two ways to start a food cart business. One is franchising from an already established food cart brand by buying the rights to sell their products. As a franchisee, you will be supplied with the equipment, training and the actual products.
On the other hand, you can also start your own food cart business from scratch. This option allows you to create and promote your own brand and sell your own food products.
16. Organic Farming
People nowadays are more concerned with their health. This is why they will want to spend more just to achieve a healthy diet. Organic farming is a good business idea, especially if you want to escape the stressful life in the city and just live a simple but productive life in the countryside. By venturing into this kind of business, you don’t only earn money but you also help people and yourself have a healthy lifestyle.
17. Solar Power Energy Business
The global trend is moving towards renewable energy. With climate change posing a threat around the world, including the Philippines, solar power energy is one of the best business ideas you can start in the Philippines. You can offer solar panel installation to houses and even commercial establishments. As traditional electricity is expensive in the Philippines, you can expect a demand for your products and services.
18. Internet Marketing Business
We cannot deny that Filipinos are now spending most of their time online, whether on a desktop computer or a mobile phone. Business owners are marketing and selling their products on the Internet. However, not all of them have skills to reach and turn their target online market into paying customers. If you have skills in social media marketing, search engine marketing, content marketing and other online marketing strategies, you can offer them your services and help them increase their sales and profit. With this kind of online business, you can provide services, not only to Filipinos but also to clients around the world and earn revenues in dollars.
Remember, aside from your passion and hard work, it’s also important to observe the trend in the country’s ever-changing business environment if you want to be successful in your chosen enterprise. Good luck!