First month of 2018 is almost over but it it’s not too late to start your entrepreneurial journey. If you’re thinking about business ideas for 2018 that has the potential to take-off in the Philippines, here are some of them.
10 Profitable business ideas for 2018
1. E-commerce business
Online store and other types of e-commerce business are one of the booming business in the Philippines.
It started to get traction as more and more Filipinos became aware and prefer to shop online. With all the hassle of going to the mall because of the traffic, many are buying things from a simple e-commerce store or online store.
What is an e-commerce business?
In simple terms, it’s an online store that allows the customers or potential buyers of a certain product purchase online. In most cases, the transaction is automated and can happen without the need for a sales man or sales lady. It is automated.
While there are other Filipino selling products online manually taking orders and assisting their customers. These are the ones using social media pages like Facebook to sell their products.
Here are some of the in-demand products right now being sold online:
- fashion apparels
- beauty products
- sports apparels
- gadgets accessories
- digital products like ebook etc.
Either you’re doing in manually or automated, e-commerce business is one of the best business ideas for 2018 that you can venture.
You can start with very low capital while having the potential of having more income. I’m planning to start my own e-commerce business in the near future, I’ll share the updates here when we get started.
2. Travel agency business
Another good business ideas for 2018 that will surely take-off in the Philippines are the travel agency business.
With promo and cheaper fares are in trend today, more and more Filipinos are traveling either locally or internationally. It seems it will start to get trends again in 2018 and in the coming years.
If you have the passion and skills in doing itinerary, scheduling flights and booking hotels this might be the best business for you this 2018.
Today, you can start a travel agency business with very minimal capital. And the good thing is, you can start even working from home. Yes, you heard it right. There is independent travel agency right now run by a solopreneur or a single person via online and yet earning a good income from it.
If you’ll venture in this type of business, client’s care and best customer service are your best assets to stand off from the rest.
3. Printing business
Printing t-shirts, souvenirs, tarpaulins, posters and others are still one of the simple small business thriving here in the Philippines.
With the growth of social media and other online platforms, anyone can market everywhere in the Philippines for their printing business.
Some of the best products to sell in printing business are the following:
- Event Souvenirs
If you don’t have the printing equipment, you can just work as “middleman“. Look for suppliers and have a contract with them to print all your client’s need. By having this strategy, your capital is just time and effort. No need for lots amount of money.
Some of the well-known printing suppliers in the Philippines are:
- Tees and Prints
- Transfer it
In fact, you can start a t-shirt printing business even without spending any peso. Unbelievable? Search for Shirt.ly and you’ll see what I’m talking.
4. Freelancing business
More and more Filipino are getting aware and adapting the idea of freelancing. The growth of internet in the Philippines helped more Filipinos build a presence online and share their talents and skills in the international market.
The idea of working from anywhere and anytime has already taken off in the Philippines. Many Filipino freelancers are earning a huge amount of money working on the “phase” they want. Any skills that you have can be a potential “freelance business” of yourself online.
Start creating a profile and start getting clients. I’m pretty sure freelancing will continue to boom in 2016 and in the coming years ahead.
Here are some of the online job portals you can check to see what are the in demands and high paying online jobs today. 15 Online job portals where you can apply for freelance job.
Blogging as a hobby turned now into a platform where you can build a sustainable business. If you have the passion in writing you can start a blog and earn money online.
On your blog, you can create and sell your own products that can be seen by thousands of potential customers online.
It can be physical or digital products that help and inspire other people. Or it can be a skill that you have to help and inspire people.
Blogging helps us in paying bills, rent, buying groceries and others these days. Since I lost my corporate job and decided to become a full-time househusband, for now, I still generate substantial income and that is from blogging. In fact, I was able to create an ebook and sell it way more than I can imagine(I’ll share more of it the future).
You can also earn through an affiliate, advertisement, sponsorship and many more. I created a 5-part tutorial on how to start a blog and make money on the side. You can read them in how to start a blog and earn money on the side.
Blogging and online business is really a good business to start this 2018 and moving forward.
6. Event Planning business
Event coordinator and event planning business will continue to take off in 2018. This is another great business ideas for 2018 and beyond if you have the talent and/or resources.
Corporate events like seminars, parties, team building and others are outsourcing their planning to save time and effort. They can be your potential customers if you’re into event planning type of business.
Wedding, birthday parties, debut, reunions are also one of the events you can cover for this business.
7. Food Kiosk business
Food kiosk business is another great business ideas for 2018. You can start your own food kiosk or have it from a franchise. If you have a good location with a lot of foot traffic, this can be the best business for you this 2018.
This type of business never runs out. You can see it everywhere in every street here in the Philippines. The key to success on this type of business is located. As what they say, there are 3 important things in a successful food business. They are location, location, and location. 🙂
Franchising in the Philippines continue to grow and it will continue to boom this 2018 and beyond.
Many Filipino want to have their own business and having a franchise is one of their best options since almost all things are prepared and taking care of from the start.
There are already existing systems and a proven market for the business so the franchisee will not have the hard time doing the upfront things important for a business. Just make sure you invested in a good franchising product or system to have a successful venture.
Since all the business plan, marketing and assistance will be given (on most of the franchise business) all you need to have is a capital and right mindset to start. Though this may sound easy, full effort and right decisions are still needed to make it succeed.
You can take a look at PFA(Philippine Franchise Association) to get more ideas and information about franchising in the Philippines.
9. Physical fitness program business
Physical fitness program business is another business idea for 2018 that will surely continue taking off. If you have the passion, attitude, and knowledge to train physical fitness programs this can be your lucrative business in 2018 and beyond.
Yoga studio, fitness gym, dance studio, Zumba studio are one of the business ideas that will continue to take profits. If you into this, start a plan and take off in 2018!
10. Home service business
Another good business ideas for 2018 is service type businesses where you offer home services to specific customers.
Service such as house cleaning, home appliance repair, air-con installation and much more are also getting traction these days.
It’s an old-school type of business but the trend today is it is being scheduled and offer online. Yes, there are agencies offering common home service business through smartphone apps and online platform.
If someone is a busy person and need to clean his/her condo, he or she just needs to open that app or website and can book or avail different types of home services.
Want to have an example? Check gawin.ph and you’ll see what I mean.
These are just the 10 out of many profitable business ideas for 2018. Simple and easy to start. They already started taking off and will continue to be profitable in coming years ahead. If you got the passion and knowledge in any of these, 2018 might be your best year.
If you have something to add, please share them in the comment section below.
Let’s aim higher and achieve big in 2018.
Let’s crush it!
I hope this has been informative. Cheers!