A little capital can go a long way. This is what many successful Filipino entrepreneurs proved when they started their business with little cash.
If you don’t have tons of money to jumpstart your business, there’s no need to worry as you can capitalize on other essential factors in making a business boom. This includes creativity, handwork, patience, and having the right attitude. Moreover, having a small capital allows you to learn the in’s and out’s of the business with minimal risk.
Here are 10 brilliant business ideas for Pinoys with small capital.
1. Homemade Cleaning Solutions
Not only restaurant or hotel owners prefer cheaper alternatives for cleaning solutions such as liquid detergent, fabric conditioner and laundry soaps. People in normal households are also interested in buying these items in lower price rather than commercially available ones to save money. While you can produce these cleaning solutions at the comfort of your home, you also have the option to buy the products from factories and sell it.
2. Perfume and Cologne Business
While there’s a big market for designer yet expensive perfumes and colognes, you can also explore the option of selling homemade versions of these. With small production cost, your profit margin can be as high as 300%, according to Pinoy Bisnes.
3. Catering Business
We can’t deny the fact that Pinoys love eating. Filipinos take time to serve the most delicious dishes in every occasion such as birthdays, baptisms, wedding, or fiestas. However, many Filipinos opt to get the services of caterers for convenience. This is something you can take advantage of if you love cooking.
4. Food Cart Business
You now have plenty of options for this type of business but you have to be very careful in choosing the right food cart. Keep in mind to franchise products that have made their names rather than getting a never heard of franchise in a low price. Furthermore, it’s also a great idea to start your own food cart.
5. Tutorial Business
With many foreigners particularly Koreans staying in the Philippines, there’s a great opportunity for you to earn money by teaching the English language. You can also set up an online English school catering to foreign students such as Japanese, Koreans, and Chinese.
6. Personalized Printing Business
Through this business, you can offer various personalized products including invitations, shirts, mugs and even advertising materials. People running this type of business can easily advertise their products through social media sites like Facebook and Instagram.
7. Gift Baskets
Don’t you just love receiving gift baskets? The key here is to get creative in order to come up with an assortment of goodies that will easily stand out. Companies usually give their employees with gift baskets during holidays so it’s a brilliant business idea for the upcoming Christmas season.
8. Rice Retailing
Since rice is considered a basic need in the Philippines, there’s a big market for you when it comes to rice retailing business. A good business space in a key location will definitely make your business a sure shot one.
9. Flea Market Business
A flea market easily attracts Pinoy customers who are into bargaining. Since tiangges can be seen almost anywhere in the Philippines, set your self apart by coming up with unique products and using your charisma to attract more customers. Patience is also necessary in running this type of business.
10. Meat Shop Business
Like rice retailing business, there’s also a big demand for meat in the Philippines. Since meat shops are common in wet markets, you can put your shop away from it where there is less competition. Make sure to choose a location that has enough foot traffic.