Times are hard these days that even those earning dollars abroad often need to have another source of income to meet the needs of their families. This is why we are sharing here the top 10 useful business ideas for OFWs to earn extra money.
10. Sari-Sari Store
A sari-sari store is an effective business for the families of OFWs who are left in the Philippines. They can manage the small-scale business with ease and could open up shop just by simply knocking off a wall or two of an existing house/building to create the store.
9. Imported Goods Store
This is great for OFWs as they can send goods from the countries they are working in to their families in the Philippines.
8. Travel Agency
This requires someone capable of handling sensitive information and could accurately input data in the system (especially since stuff like changing ticket information can be expensive) but with OFWs needing to travel and also being in contact with people who are surely going to travel in the future, this business is a great option. Just make sure to find the right person to manage and man the business.
7. Carinderia or Catering Services
Filipinos love to eat – that is a known fact. You can capitalize on that by opening a carinderia. It would be especially great if you can find an excellent spot where there are plenty of potential customers, such as office workers or students.
6. Laundry Shop
With people becoming constantly busy with their lives these days, finding time to do the laundry can be a difficult thing. This is why a laundry shop could be an excellent idea for OFWs to open in the Philippines.
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4. Food Cart Franchise
All you have to do is set up the capital, find the best place to open up shop, and hire the right people to manage a food cart franchise. This is an easy option, with lots of choices available for you to choose from.
3. Ukay-Ukay Shop
The ukay-ukay shop has found its way to Filipino culture – and you can find many of these shops across the country. You can open a “sosyal” version, with clothes placed in hangers inside an air-conditioned store to attract more customers, especially the middle working class.
2. Load Retailer
What makes this business an excellent choice is that you are selling something that is not perishable and you could bring anywhere; thus, even OFW family members working in the office or going to school can actually earn money by selling load.
1. Online Buy and Sell Business
If you can’t have a physical store, simply open an online buy and sell business. As you build your online store and online reputation as seller, you’ll find more clients for sure. What makes this business an excellent choice is that you can sell to anyone across the country (or even abroad!) – you are not limited to your physical store!