Food Manufacturing in The Philippines
For those OFW's and foreigners wishing to start a business where they can involve themselves in day-to-day activities, the following is a list of the best offline and traditional businesses to start in the Philippines. Some require a bigger capital investment than others, some are going to be more passionately appealing to you than others, some are going to be more comfortable to you than others, some require heavy day to day management, and still others are very passive in nature.
Food Manufacturing in The Philippines
Living in the Philippines - Best Offline and Traditional "Active" Businesses to Start
By Will Irwin
For those OFW's and foreigners wishing to start a business where they can involve themselves in day-to-day activities, the following is a list of the best offline and traditional businesses to start in the Philippines. Some require a bigger capital investment than others, some are going to be more passionately appealing to you than others, some are going to be more comfortable to you than others, some require heavy day to day management, and still others are very passive in nature.
All of these factors need to be considered by you in selecting which one makes the most sense to you - how much money to you have to invest, what do you see yourself having fun doing, what can you get passionate about, and frankly, how much do you really want to be involved in the pressure and stress of a business with day to day operating requirements?
The opportunities are not presented in any 1st, 2nd, 3rd best options basis. There is no particular order to them.
1. Laundry Business. The past few years has seen a strong growth of laundry business catering to both (i) commercial customers such as hotels and other large institutions and (ii) personal laundry customers.
2. Beauty parlor. The youth movement in the Philippines, and their obsession with personal care products, is huge. In 2008, over 60% of the population was under 25 years of age.
Personal care products, such as cosmetics, hair care, and beauty products have strong appeal to youth who are increasingly savvy, product aware, and more willing to pamper themselves. And, regardless of the hard economic times the past year, they are spending more of their disposable income pampering themselves.
3. Day spa/massage parlor. For the very same reasons I set forth above for starting a Beauty Parlor business, a Day spa/massage parlor has tremendous potential today in the Philippines. Ten years ago I never saw spas in the Philippines except at the very exclusive 5 Star hotels. Today the trend is picking up speed throughout the country.
4. Car Wash. Like in other developing countries, in the past 5 years the population of cars has steadily grown year after year. Whereas years ago only the wealthy had personal cars, and the rest of us in the Philippines took taxis, today most cars are driven by the owner himself. This new driver, just like in the USA, Japan, Korea, Australia and Europe, wants a quick car wash, rather than leaving his car the whole day at a service station.
5. Home Bakery. Filipinos continue their love affair with bakery products, regardless of economic conditions. One of the beauties of a home bakery business is that you don't need a lot of new equipment to get started.
6. Daycare Center. If you love children, and enjoy the continuous sound of children around you all the time, then you need to make a business out of it. The trend of daycare centers and pre - schools, which stared in the USA, has now reached the Philippines in the larger cities of Manila, Cebu and Davao, but to a much lesser extent in the smaller cities. In the larger cities, finding good live in household help to care for one's children is becoming increasingly difficult.
7. Food cart - Kiosk. This is a business wherein you have a cart that sells street foods to the masses. This has become a very popular and very lucrative business for someone with a small amount of capital to invest since Filipinos love street foods. Not to mention the fact that the masses would most likely buy food from the streets than from the restaurants where they can just eat the food anywhere as their merienda. Filipinos are known for this kind of food habit.
8. Pawnshop. There is still much space for expansion in the pawnshop business in the Philippines. This industry has had enormous growth the past 10 years, yet it continues to grow at an average rate of 5% per year. Based on data from the Bangko Sentral ng Pilipinas (BSP), pawnshops provided a total of Php 10.1 billion worth of loans at the end of 2005 (double what they extended in 1995).
9. Medical and Dental Tourism. In the past few years, medical and dental vacations have gone from a tiny niche market to an impressive growth story. From Mexico to India, Costa Rica to Thailand, hospitals are taking advantage of this global trend. And U.S. companies are taking note as well.
10. Water Business. Everybody drinks water. Everybody is concerned about their health. It doesn't come as a surprise, therefore, that the water business remains lucrative. Small and independent businesses still take in profits even if big companies have their own water brands.
11. Export Handicrafts. This is a very traditional business - exporting, and consequently many people overlook the profit in this business. The handicraft business continues to be a solid, niche export business. The key today is to utilize all the internet capability you can with the offline fulfillment required to have the products manufactured and shipped from the Philippines.
Do you want to learn more about making money in the Philippines? I have just completed my new book on "Making Money In The Philippines", which has a section devoted to these and other Offline/Traditional business opportunities for OFW's and Foreigners living in the Philippines, to include Passive, not requiring day-to-day involvement in the business.
By Will Irwin
For those OFW's and foreigners wishing to start a business where they can involve themselves in day-to-day activities, the following is a list of the best offline and traditional businesses to start in the Philippines. Some require a bigger capital investment than others, some are going to be more passionately appealing to you than others, some are going to be more comfortable to you than others, some require heavy day to day management, and still others are very passive in nature.
All of these factors need to be considered by you in selecting which one makes the most sense to you - how much money to you have to invest, what do you see yourself having fun doing, what can you get passionate about, and frankly, how much do you really want to be involved in the pressure and stress of a business with day to day operating requirements?
The opportunities are not presented in any 1st, 2nd, 3rd best options basis. There is no particular order to them.
1. Laundry Business. The past few years has seen a strong growth of laundry business catering to both (i) commercial customers such as hotels and other large institutions and (ii) personal laundry customers.
2. Beauty parlor. The youth movement in the Philippines, and their obsession with personal care products, is huge. In 2008, over 60% of the population was under 25 years of age.
Personal care products, such as cosmetics, hair care, and beauty products have strong appeal to youth who are increasingly savvy, product aware, and more willing to pamper themselves. And, regardless of the hard economic times the past year, they are spending more of their disposable income pampering themselves.
3. Day spa/massage parlor. For the very same reasons I set forth above for starting a Beauty Parlor business, a Day spa/massage parlor has tremendous potential today in the Philippines. Ten years ago I never saw spas in the Philippines except at the very exclusive 5 Star hotels. Today the trend is picking up speed throughout the country.
4. Car Wash. Like in other developing countries, in the past 5 years the population of cars has steadily grown year after year. Whereas years ago only the wealthy had personal cars, and the rest of us in the Philippines took taxis, today most cars are driven by the owner himself. This new driver, just like in the USA, Japan, Korea, Australia and Europe, wants a quick car wash, rather than leaving his car the whole day at a service station.
5. Home Bakery. Filipinos continue their love affair with bakery products, regardless of economic conditions. One of the beauties of a home bakery business is that you don't need a lot of new equipment to get started.
6. Daycare Center. If you love children, and enjoy the continuous sound of children around you all the time, then you need to make a business out of it. The trend of daycare centers and pre - schools, which stared in the USA, has now reached the Philippines in the larger cities of Manila, Cebu and Davao, but to a much lesser extent in the smaller cities. In the larger cities, finding good live in household help to care for one's children is becoming increasingly difficult.
7. Food cart - Kiosk. This is a business wherein you have a cart that sells street foods to the masses. This has become a very popular and very lucrative business for someone with a small amount of capital to invest since Filipinos love street foods. Not to mention the fact that the masses would most likely buy food from the streets than from the restaurants where they can just eat the food anywhere as their merienda. Filipinos are known for this kind of food habit.
8. Pawnshop. There is still much space for expansion in the pawnshop business in the Philippines. This industry has had enormous growth the past 10 years, yet it continues to grow at an average rate of 5% per year. Based on data from the Bangko Sentral ng Pilipinas (BSP), pawnshops provided a total of Php 10.1 billion worth of loans at the end of 2005 (double what they extended in 1995).
9. Medical and Dental Tourism. In the past few years, medical and dental vacations have gone from a tiny niche market to an impressive growth story. From Mexico to India, Costa Rica to Thailand, hospitals are taking advantage of this global trend. And U.S. companies are taking note as well.
10. Water Business. Everybody drinks water. Everybody is concerned about their health. It doesn't come as a surprise, therefore, that the water business remains lucrative. Small and independent businesses still take in profits even if big companies have their own water brands.
11. Export Handicrafts. This is a very traditional business - exporting, and consequently many people overlook the profit in this business. The handicraft business continues to be a solid, niche export business. The key today is to utilize all the internet capability you can with the offline fulfillment required to have the products manufactured and shipped from the Philippines.
Do you want to learn more about making money in the Philippines? I have just completed my new book on "Making Money In The Philippines", which has a section devoted to these and other Offline/Traditional business opportunities for OFW's and Foreigners living in the Philippines, to include Passive, not requiring day-to-day involvement in the business.
Download it at http://www.FilipinoParadise.com
Will Irwin is a powerful entrepreneur, and business and life coach. He has started many online and offline businesses both in the USA and in the Philippines, residing in both Hawaii and the Philippines.
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