The COVID-19 pandemic and the shift to a more digital economy exposed vulnerabilities in a lot of sectors, but it also presented a lot of opportunities, especially for people who embrace their entrepreneurial spirit. Spurred on by the popularity of work from home schemes, business-minded individuals have started side hustles in their homes to augment their income. Some have become so successful that they even quit their jobs to focus on their growing enterprise.
If you have that entrepreneurial spark within, fan that growing ember with these small but profitable business ideas.
Virtual Assistant Business
In the Philippines, virtual assistants are in high demand. With a high English proficiency and friendly personalities, Filipinos can offer administrative, creative, and technical support to businesses and professionals. Services can include managing emails, social media, scheduling, and more. This is one of the more popular job options on many social media groups and platforming platforms. As such, you can easily find a pool of potential employees who can help kickstart this type of business you’re interested in.
Recruiting Agency
Start a remote recruiting agency to connect employers with talented individuals. You can earn commissions for successful hires or explore alternative payment structures. As the demand for remote work increases, this business has great potential, especially in the Philippines with its young professional workforce.
Sell Homemade Products
If you have a talent for crafting, consider selling homemade products. Platforms like Etsy provide a marketplace to showcase and sell your creations, allowing you to turn your passion into profits.
Buy Wholesale and Sell Online
Source products from wholesalers and sell them online at retail prices. Thorough market research and finding a profitable niche are essential for success in this competitive space. For overseas Filipino workers or OFWs living abroad, shipping to the Philippines has become easier and more reliable. That’s why shipping hard-to-find imported items to the country could potentially become a lucrative venture.
Start a Dropshipping Store
With no need for inventory, dropshipping is an attractive e-commerce option. All you need to do is to set up an online store and collaborate with suppliers who directly ship products to customers. You might also want to invest in automation tools that can streamline the process.
Doggy Daycare
With more pet owners seeking daycare services for their furry friends, starting a doggy daycare can be rewarding. Besides providing a safe space for dogs to play, consider offering additional services like training or grooming for added revenue streams.
Property Watch Service
Cater to owners of vacant or secondary homes with a property watch service. Your responsibilities may include maintenance, security checks, and coordinating repairs. Efficiently managing tasks from a remote location is crucial for this business, so investing in things like a remote CCTV system will be important.
Airbnb Management Service
Capitalize on the booming short-term rental market by managing Airbnb properties for owners. You can charge a commission or a monthly management fee. As a remote service, this business allows you to work from anywhere.
Print-on-Demand Business
Launch an online store that offers print-on-demand products. Partner with print-on-demand companies, and when customers order customized items like t-shirts or mugs, the products are printed and shipped on your behalf.
Web Design Agency
Web design and graphic design services are in constant demand. If you have the skills, consider starting a web design agency. Create a visually appealing website to showcase your portfolio and attract clients.
Online Dating Coach
Help others navigate the world of online dating by becoming an online dating coach. Excellent communication skills, a solid understanding of online dating dynamics, and optional certifications can boost your credibility.
Professional Consulting Services
If you have expertise in a specific field, consider offering professional consulting services. Guide individuals or businesses with your knowledge and help them overcome challenges to succeed.
Subscription Service
Subscription-based businesses are gaining popularity across various industries. Whether it's a curated box of products or access to exclusive content, subscriptions offer recurring revenue and loyal customers.
Personal Fitness Trainer
If you're passionate about fitness, become a personal trainer from home. Offer virtual training sessions, create personalized workout plans, and provide nutritional guidance to clients.
Online Tutoring
Leverage your expertise in a particular subject by becoming an online tutor. Many students seek assistance in various subjects, making online tutoring a lucrative home-based business opportunity. In the Philippines, online tutoring companies boomed during the pandemic, offering English language classes to different students from China, Japan, South Korea, and other countries.
Blogging and Content Writing
Start a blog and monetize it through various channels, such as advertising, sponsored content, or affiliate marketing. Alternatively, offer content writing services to businesses and websites.
YouTube Channel
Create a YouTube channel and generate income through ad revenue, sponsored content, merchandise sales, or crowdfunding. Find your niche and create engaging videos to attract and grow your audience. For OFWs living interesting lives abroad, this could be a fun and enjoyable venture, especially if you have a charming personality that attracts an audience.
The rise of remote work, online platforms, and digital payment has opened up a world of possibilities for aspiring entrepreneurs to start successful home-based businesses. You are no longer restricted by location or capital. With a computer and Internet connection, you can market your products and services to the world. So there has never been a better time to discover your passion while fulfilling your dream of financial independence. Start your small home business today.