While some are contended in being an employee, others dream to become their own boss someday. It takes a lot of savings to put up an investment for a business. But what if you have saved P100,000? Can you start a business now? Or save some more?
Below are the top 10 small businesses you can start with your money.
1. Wi-Fi Hotspot Services
Nowadays, access to the internet has become so important to most people that they are actually paying for it. Offering Hotspots on high traffic areas could be a great source of passive income. To learn more, you can visit Wifi Hotspot Philippines.
- Capital: P10,000 – P15,000
- Income: P1,500 – P2,500 per month
- Difficulty: Low
- Requirement: Technical and Marketing Skills
2. Vending Machines
If you want a business with very minimal supervision and labor, then this is perfect for you. You just need to have a regular restocking and maintenance schedule.
- Capital: P10,000 – P20,000
- Income: P1,500 – P20,000 per month
- Difficulty: Low
- Requirement: Good location and maintenance
3. Street Foods
Ah! Street foods; the classic favorite of almost all Filipinos. Fishball, kikiam, squid ball, isaw, barbecue and balut are all of the things no one can say no to. So of course it is a good business venture.
- Capital: P5,000 – P10,000
- Income: P5,000+ per month
- Difficulty: Low
- Requirement: Good location
4. Freelance Business
With just a laptop and an internet connection, you can market your skills online and earn some money. You can sign up to lot of freelancing websites to promote your skills and connect to potential employers. Be careful though, it is also a home to a lot of scammers and employers who do not pay.
- Capital: P1,000 – P5,000
- Income: P5,000+ per month
- Difficulty: High
- Requirement: Digital Marketing, Programming, Design and Multimedia Arts, Writing, and Communication Skills
5. Smart Home Automation & Home Security Systems Installation Services
A lot of people nowadays are invested in Home security and if you have the technical skill, you can bank on this. You can always start with CCTV installations and work you way to dashcams, home security systems, smart locks and many more.
- Capital: P20,000 – P100,000
- Income: project dependent
- Difficulty: Medium
- Requirement: Technical, Programming, Sales & Marketing
6. 3D Printing Services
Souvenirs, tokens and specialized gifts has now grown in popularity. Why not spice things up with some 3D printing services?
- Capital: P10,000 – P40,000
- Income: dependent on area’s market potential
- Difficulty: Medium
- Requirement: Design, Technical, and Marketing Skills
7. Photography & Videography Business
Filipinos love to document special occasions, from christening to weddings and pretty much everything else. If you have a creative eye, try your luck with this business.
- Capital: P40,000 – P100,000
- Income: dependent on project size
- Difficulty: Medium
- Requirement: Equipment, Video Editing Software, Design, and Marketing Skills
8. Junk Shop
One man’s junk can be another man’s treasure. This is true to junk shop owners and scavengers who make money off this kind of business.
- Capital: P100,000
- Income: dependent on location
- Difficulty: Medium
- Requirement: Good location, Accounting, Management and Sales
9. Farming
Everyone eats, that is why farming business always has a market. Invest in a plot for farming and watch your money grow.
- Capital: P25,000 per hectare
- Income: P10,000 – P15,000 per harvest
- Difficulty: Medium
- Requirement: Accounting, Management and Networking Skills
10. Entertainment Booths
Mobile entertainment booths like bars, photobooths, and kids’ play areas are the most in-demand in the entertainment industry. Nowadays, parties no longer revolve around traditional entertainments. A growing number now prefers mobile entertainment because it is easy to set up.
- Capital: P30,000 – P50,000
- Income: P5,000+ per day
- Difficulty: Low
- Requirement: Marketing, Management and Networking Skills
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