Top 30 Business Ideas in Philippines in 2022 with Small Investment
Do you want to start a small business in the Philippines? Here in this article, we have listed down the best small business ideas in the Philippines with high-profit potential that any aspiring individual can start with low capital investment.
The Philippines is located in the heart of Asia and is the fastest growing economy in Southeast Asia. It is the world’s third-largest English-speaking country. The country possesses diverse natural resources, from marine to mineral resources.
With a population of over 100 million people, the Philippines provide a big market for various businesses. They are among the top ten producers of gold in the world. As a result, the Philippines is a good place to do business for both residents and foreign nationals.
Pop-up kitchens
Flexible pop-up kitchens really came into their own during the height of the COVID pandemic. With restaurants unable to fully open, ghost kitchens and food trucks were able to bring the food to their customers. These small business ideas are perfect for 2022 and the post-COVID era.
Take advantage of the fact that people may no longer be as confident in visiting in-house restaurants – or those who have simply become accustomed to the new normal of immediacy and convenience.
Food trucks
Ghost kitchens
Ghost kitchens were very popular during the pandemic and continue to thrive today. These pop-up kitchens act as solely online takeaways, so you don’t have to worry about the implications of in-house dining. It is a trend that is here to stay, after people began to appreciate the convenience of having their favourite food whenever and wherever they like.
Animal care and services
Before the pandemic, Americans were obsessed with their pets, spending billions on their furry friends. And with pet adoption soaring in the past few years and the U.S. pet industry poised to nearly triple to $275 billion by 2030, this market has many opportunities.
Animal care and service workers hold various jobs in veterinary clinics, kennels, zoos, animal shelters and stables. Aspiring entrepreneurs can also build their own businesses through dog walking or pet grooming services and opening pet supply stores.
Generally, many jobs working with animals have a low barrier to entry, requiring a high school diploma and then learning on the job. According to the U.S. Bureau of Labor Statistics, jobs in this field are expected to grow 33%, making it an in-demand career if you have a soft spot for the four-legged.
Wedding businesses
When forced to stay inside for the better part of a year, thousands of people decided to beautify their spaces with houseplants. Today, this interest has developed into a full-blown lifestyle, with 66% of consumers in the U.S. owning at least one houseplant.
Although the plant trend was already gaining steam pre-pandemic, it isn’t slowing. Millennials and Gen Z continue to enjoy the benefits of gardening with online communities like Reddit’s r/houseplants attracting 956,000 members and TikTok’s #plantsoftiktok hashtag reaching 4.3B views. Spending on ornamental plants is expected to grow to $27 billion by 2025.
Today, neighborhood garden centers aren’t the only places to buy plants; online nurseries are popular with digital savvy buyers. If you have a green thumb, and some space to grow plants, you can launch your own in-demand plant business.
Sources:
https://www.99businessideas.com/business-ideas-philippines/
https://squareup.com/gb/en/townsquare/small-business-ideas
https://www.nextinsurance.com/blog/fastest-growing-small-businesses/