The “ber” months are upon us, which means we are nearing the end of 2015. If your business in 2015 yielded profitable returns, then I commend you for your success! You are on your way for an expansive, incredible year in 2016! If things did not work out, do not despair. It takes years for businesses to gain traction.
In the best-selling book Fast Food Nation by Eric Schlosser, Ray Croc, owner of McDonald’s, allegedly did not pay himself a salary until the restaurant turned in a respectable profit, which took eight years!
You can look at 2016 as a new year for other business opportunities in the Philippines. Here’s a massive list of 40 small business ideas in the Philippines you can look forward to in the upcoming year.
Best Small Business Ideas in the Philippines for 2016
1. Online business
With more than 3 billion people online every day, the Internet offers you a vast ocean of online business opportunities. Setting up an online business does not require a large investment. All you need are a computer, good Internet connection, a website, a merchant account with a bank, and reputable suppliers.
As consumers continue to depend on the Internet for their needs, you are always guaranteed a market with an online business.
2. Smartphone repair
Since 2014, 60% of online traffic has come from mobile devices, particularly smart phones. It is estimated that 4 out of 10 Filipinos will own a smart phone by the end of 2015 because of decreased prices and improved network systems.
With the Philippines crowned as the “Selfie Capital” of the world, these smart phones are expected to go through wear and tear! Smart phones start to bog down within two years.
This small business idea can assure you a steady stream of clients who can’t last a day without their smart phones.
3. Computer home repair
Computers, laptops, and gadgets are expected to require considerable servicing, repair, and maintenance, as people have become increasingly dependent on technology.
Having a home repair service gives you two advantages over the usual computer repair stores. One, your rates will be cheap because you do not have to factor in rent. Second, by going to their homes instead of them going to your store, your service becomes convenient.
Most of your small business investment will go to marketing and promoting your services.
4. Entertainment booths
People are looking for creative ways to make events fun and exciting. If you’ve been to a wedding and have seen a photo booth or a karaoke booth, you know what I’m talking about!
These entertainment booths provide guests a round-the-clock fun, and they make events memorable. Other popular booths include tattoo, face painting, caricature, and video gaming booths. You can either act as the marketing arm of a vendor for these booths or start out with one or two booths.
The most popular booths are photo and caricature booths.
Nothing beats a professionally shot image even in the age of selfies. Professional photographers are constantly in demand for weddings, birthdays, and corporate events.
In addition, professional photographers are contracted by graphic and website designers for customized images. Keep in mind that photography is an expensive hobby! The price of a professional digital camera ranges from Php150,000 for the Sony Alpha A99 to Php2,000,000 for the Hasselblad H4D 200 MS.
6. Dog walking
Television shows such as Dog Whisperer have provided pet owners a significant understanding of their dogs. They have become aware that more than just food, water, and shelter, dogs need plenty of attention and exercise.
Dog walkers have become a common sight in gated neighborhoods whose owners are mostly out of the home for work or school. Having a love for dogs is not enough to become a dog walker. Attend seminars, trainings, and certification programs to guarantee owners that their dogs are in good hands.
7. Personal fitness training
A 2011 survey by the Food and Nutrition Research Institute showed that 22.3% of Filipino adults are overweight, and 6.1% are obese. According to the Department of Health, heart disease has remained the number one killer in the Philippines since 1990.
These data justify the need for Filipinos to start exercising. Personal fitness training services annihilate the “I don’t have time” excuse because you can conduct these services at their own home. Moreover, you don’t need expensive equipment.
To get a good, high-intensity workout, all you need are mats, strength bands, medicine ball, kettle bells, and a lot of dedication!
8. General cleaning
Only few Filipino households hire household help because of increased costs brought about by Kasambahay Law. A common household work is now distributed to family members with heavy tasks, such as laundry scheduled on a day during the week. Despite best efforts, maintaining a cleaning schedule is difficult because family members are either at work or at school.
The best solution is to contract general cleaning services that can conduct comprehensive cleaning once a month. In this business, you need to invest in updated cleaning equipment and tools and a van. Your people can be contracted on a per-project basis.
9. Gift Boxes
Selling gift boxes is a promising small business idea that slowly gains traction in the United States and Australia.
Gift boxes are received with a monthly subscription service. Every month, subscribers receive specially designed gift boxes packed with goodies based on their likes and interests.
For example, parents can sign up for a monthly subscription for “Toys and Games” for their child. Every month the child gets different kinds of toys and games. Think of Christmas 12 months a year!
The business model is sustainable because boxes are recyclable, and materials can be sourced from local communities.
10. Real Estate Agent
The real estate market in the Philippines is booming. Property developers have been establishing new commercial and residential centers. Many foreign investments are coming in because of business process outsourcing or BPO. Now is a great time to be a real estate agent!
First, you must be licensed by the Professional Regulation Commission or PRC as a real estate broker. Then, you have to network extensively to build your lead list. The industry can be competitive. However, if right connections are established, one sale can make you financially stable!
11. Air-conditioner repair
We’ve read news reports that the Philippines is headed for another El Niño similar to the one that affected the country in 1997. To escape extreme heat and humidity, Filipinos tend to troop to the malls for its air-conditioning. However, it is actually more economical to just run your home air-conditioner than to spend a day at the mall.
Air-conditioning repair and maintenance services are valuable services during summer months. Make sure you can contract highly skilled technicians to do the job.