Why it’s a profitable business: Ready to take your sari-sari store to the next level? Travel is one of the most profitable industries in the Philippines, thanks to the growing number of domestic tourists and the influx of foreign visitors. Requires a spacious room to accommodate multiple pets and differently sized cages. MT of tilapia by the year 2000 only from aquaculture. with an average of 2.5 hectares each. ROI takes time (after at least 15 bookings). Maintenance for your goods would also require the use of a dehumidifier to prevent the formation of mold. You can create the latter at a later date and get your start by using free accounts on Facebook and LinkedIn to showcase your services. Can’t find a cosmetic product that cares for your sensitive skin? Ideal for: People with good fashion sense who want to start a clothing shop but without space for a physical store. The constant need for the storage area to be kept clean to avoid pests. integration of livestock and fish production systems. constructed fish-ponds for tilapia production. Ideal for: First-timers who want to give entrepreneurship a try with a minimal investment. Like this post? You can make money from this profitable market by opening a small gym or fitness center in your home or a heavy foot traffic location. decade, the production of tilapia has almost doubled At least Php 100,000 for renovating and/or furnishing the unit. the United States and Europe are widely available in Among the agri-business enterprises in the Philippines that have established fishponds to integrate Quick preparation with commercial ice cream makers. natural sources such as shallow coastal waters, tidal So implement a first-in, first-out inventory method to optimize the shelf life of your rice and maintain its quality. Beauty is a booming industry in the Philippines, thanks to the rise of the middle class who are willing to pay for hair care and grooming services to look and feel better. Cons: Requires a lot of patience and determination. Even if several photocopy businesses are already existing in your area, you can still beat them by offering higher-quality services at lower costs. Furniture makers or anyone with sewing skills who enjoys working on furniture, A low-cost business that can be started from home on a part-time basis, The challenge of getting your first customers; may need to offer low introductory rates when you’re starting out to build a client base. Why it’s a profitable business idea: Every summer, parents look for coaches who will train their children to swim. It offers customers a cheaper alternative to fried chicken from fast-food chains. And with the many air, land, and water adventure destinations in the Philippines, you can offer different tour packages to young adventure junkies. Entrepreneurs who want to boost income from their existing business like a sari-sari store, internet cafe, pharmacy, etc. Many e-commerce stores that first started online were able to expand it through a physical store later on. Whether it’s the need to belong, eat, sleep, or feel good, there’s always business ready to provide it. Ideal for: Fitness enthusiasts with people skills and a passion for helping others become fit and healthy. trends in the last ten years. Ready to take your sari-sari store to the next level? Ideal for: Employees who want to earn extra income in their free time. decade or so, we would expect an annual production Some entrepreneurs even got rich producing and selling processed meat with a measly capital of Php 500. Needs to invest in a truck or any large vehicle for procuring and/or delivering the goods. aggressive implementation of the Agrarian Reform Earn around Php 40,000 to Php 50,000 monthly by renting it out on Airbnb. At least Php 300,000+ (small truck) to Php 600,000 (utility van), Van and truck owners who wish to maximize their vehicle’s earning potential, Can start with a van or small truck and then gradually expand your fleet with bigger trucks, Easy startup by joining logistics companies or apps (such as Lalamove, Mober, and Transportify) as a partner driver/operator, Can be an additional service to a car rental business to increase income, Need to build and maintain a secure and climate-controlled storage space for furniture, appliances, and other household items, Damage to items may affect business reputation. This lucrative business yields a net profit of Php 700 to Php 2,500+ per sack of flour or Php 2,000 to Php 6,000 daily. This article was first published in April 2016 and has been updated for freshness, accuracy, and comprehensiveness. c. Put your technical knowledge/skills to good use.