In these difficult times, having a second source of income can help you stay afloat or make ends meet. Starting a business during a pandemic is a difficult task. Recent restrictions may be a hindrance to your success. However, with the proper research and planning, any business, even one with a starting capital of P10,000, can thrive even in the midst of a pandemic. All you have to do is adapt.
Here are some good business ideas during the pandemic for you to consider:
1. Delivery service or “pasabuy” business
If you already own a vehicle like a motorcycle and you want to be your own boss, the delivery service is perfect for you.
Delivery services are essential during a pandemic. Because of the COVID-19 threat, people prefer someone to buy things for them and deliver them. So delivery and “pasabuy” businesses thrived. Your delivery service can begin by offering products not found on Grab, Shopee, or Lazada.
It’s not just about food, you can also deliver items like laptops, phones, bikes, etc. You can even take it a notch higher by offering services like paying bills and buying medicines or other necessities. Charge between 10% to 15% of the total purchase price during a “pasabuy.” Fees for delivery vary between provincial and city rates. It usually starts at P50-65 for the first 5 kilometers and an additional P10 for every succeeding kilometer. You can advertise your services on Facebook groups, or you can create a website for your business.
2. Online Tutoring Business
The internet has made learning more convenient, even at home. An online tutoring business allows you to teach students via Zoom or Skype. Take advantage of this business idea to help children and parents adjust to the new normal of learning.
All you need to get started is a computer, a good webcam, headphones, and a stable internet connection. Tutors can offer academic tutoring and schoolwork assistance from Early Childhood Education and Grades 1 to College. Your services can be one-on-one sessions or a group study among students of the same level. Rates typically range between P200 and P250 per hour session.
3. Online store / Live online selling
According to a recent study, 31% of Filipinos purchase “several times a month” from online stores during the pandemic.
With hard work, many found success in online selling. You just need is a well-designed website or Facebook page to promote your products. Then set up easy delivery and payment options for your customers. Explore e-commerce sites like Shopee and Lazada as platforms to sell your products online. Depending on your capital, you can explore reselling items or make your own products. The most popular products in online stores are skincare, sanitation, fitness and wellness, indoor leisure, tech gadgets and gaming.
When in doubt, always go for food. Selling homemade food is a good idea. You can sell lutong bahay, pastries, and cakes. Why not share a family favorite recipe with others? If you don’t know how to cook, you can always learn online. You are not only limited to food. You can also sell beverages such as coffee, tea, and others. However, because the food and beverage business is crammed, you need to stand out. You must come up with a unique and interesting product. Depending on the equipment you have at home, you can already begin a pastry or fruit shake business with P5,000.
5. E-loading, bills payment services
With the pandemic, many are finding ways to limit their trips outside their homes. Running a digital payment business offering bill payment, remittance, and mobile e-loading services in your neighborhood would be a good idea. This business never goes out of trend and is also the cheapest you can start. With a small investment of around P2,000, you can earn an average monthly income of PHP 8,000.
6. Digital Products
Selling digital products such as ebooks, digital art, recorded lectures, stock photos and videos, templates, and many others online is another option. The benefit of digital products is that they are limitless and do not require inventory. Creating these assets will also be inexpensive. All you need is a computer and a lot of time. Among the most popular digital products, you can sell online are software, ebooks, web-based applications, subscriptions, and more.
If you don’t want to sell goods, you can instead sell your skills. Graphic design, video editing, transcription, and blog writing are all in high demand these days. Check out freelancer sites like Fiverr and Upwork to see if anyone is looking for your skills. Keep in mind that if done correctly, freelancing can be turned into a legitimate agency.