If you dream of owning your business but only have a limited budget, don’t fret. Many big businesses have started in small beginnings. There are many successful business ideas you can start if you have a P50,000 budget.
In this article, we have listed some of our recommended business options for a P50,000 budget. Go over them and see which suits your budget and lifestyle. Let’s get started!
1. Homemade accessories
If creating accessories is your passion, you can turn this into a lucrative business. Find unique accessories that you can learn to make. The harder it is to make, the more it is in demand. An inspiring story about an accessories business is how a student now earns 5-digits selling ‘abubots’ to help pay for her mother’s medical needs.
2. Food cart franchise
This one takes good research and time to find the right one for you. Some franchises can have an initial investment of P500,000, some even P1 million. But if you know where to look and spend time researching, you’ll stumble into a good franchise for less than P50,000.
3. Small sari-sari store
The thing with sari-sari stores is that you can go as big or as small as you can afford. Even with a small capital, you can start a sari-sari store. A bigger budget can give you a bigger store, of course, but P50,000 isn’t really bad just to get started. As soon as you start earning, you can start buying more goods and filling your store.
4. Beverage or smoothie business
This is one business idea that is also great and doesn’t need much to get started. It’s one of those low-cost business ideas you can easily start. If you already have a blender at home, your P50,000 could go a long way in the flavors of the smoothies and beverages you can offer.
5. Start an online shop
Online shops are the way to go nowadays! You can be a Lazada or Shopee business seller for P50,000. There are tons of great products you can sell online; choose the ones that suit your niche and lifestyle.
6. Homemade Soap business
For P50,000 you can already start a homemade soap business. You can go with bath soap, fancy soaps for souvenirs, or dishwashing soaps. There are many opportunities in the soap business. You can sell them by retail, or you can go big and offer them to resto, carinderias, eateries, and sari-sari stores.
These are just some of the businesses you can start with P50,000, and there are still so many possibilities you can discover! When looking for a business, don’t just consider the budget; also consider the niche and your passion. Good luck!
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