Photo by skyscraper1026 on Flickr
Written by: Mitch De Guzman
Metro Manila is a thriving metropolis. It is one of Asia’s most forward-thinking business hubs. While, just like in any city, there is crime and pollution, the business opportunities are endless. And, thanks to innovations such as fiber-optic internet, industries continue to rise and exceed limits.
This article will look at lucrative business ideas in Metro Manila and what makes this city an excellent place to start a business. We’ll also share some resources to help you along the way. Ready? Let’s get this party started!
MAIN METRO MANILA ECONOMY AND BUSINESSES
Manufacturing and agriculture are two of the most important industries in the Philippines. Mining and mineral processing, pharmaceuticals, shipbuilding, electronics, and semiconductors are examples of manufacturing industries.
On the other hand, Metro Manila’s main economy is based on tourism, outsourcing, construction, retail, and real estate.
METRO MANILA’S GROWTH
As the country’s economic center, Metro Manila accounts for 36% of the Philippines’ domestic product growth. And thankfully, the economic growth of the Philippines increased by 11.8 percent in the second quarter of 2021, reversing a downward trend, despite the health crisis.
Additionally, this global power megacity has a population of 14 million, which means there are plenty of potential customers for your products and services. These statistics indicate that now is the best time to start a business in this region.
Furthermore, Metro Manila has a large number of internet users, representing a sizable market for businesses. Nowadays, the importance of the internet and digital marketing cannot be overstated, as more and more people recognize the convenience they provide.
You can also check out these related articles:
- Here are the Products and the Economy of Rizal Province
- What are the business opportunities and products of Bataan?
- Spotlight: The Products, Industries, and the Economy of Ilocos Norte
LUCRATIVE BUSINESS IDEAS YOU CAN EXPLORE IN METRO MANILA
The good thing about this list is that each requires low capital to no startup cost.
Freelancing is something you can do almost anywhere and anytime. It is ideal for those who want to work from home because you have the flexibility of time, which allows you to deliver high-quality results. Clients pay based on the value of your work. However, freelancing requires significant effort to establish a reputable name and maintain a steady client base. Here are some suggestions for aspiring entrepreneurs who are just getting started.
A. Consulting Services
Suppose you have a business background, you can start offering consulting services to other companies. You can advise them on the various aspects of the business so that they do not have to learn the hard way. One factor can be improving the efficiency of their operations, which will save them time and money.
B. Digital Marketing
Today, digital marketing is one of the most effective ways to promote your company. It is not only less expensive, but it also has a broader reach, which means you can increase your profits while spending less money. You can profit from this opportunity by creating and managing digital marketing campaigns on social media, websites, and other online platforms.
C. Web Development
Having your own website is one of the best ways to increase the visibility of your business. It allows more people to see and learn about the company’s products and services. You can help business owners create their websites if you have design or coding skills. That’s how you make money without putting in a lot of effort.
D. Coaching Services
If you have the desire, skills, and knowledge to assist people in finding their solutions, you can offer coaching programs. There are no formal educational requirements for coaching. However, if you want to be successful and build a reputable name, you should think about getting a coaching credential.
E. Pet Sitting
Pet sitters, like nannies, provide daily care for pets while their owners are away. They usually stay in the owner’s home so that the pets can stay in their familiar surroundings. In addition to caring for pets, they may provide other services such as collecting mail, vacuuming pet hair, or folding the laundry. So, if you love animals and are looking for ways to earn money, this is an excellent option for you.
F. Personal Shopper
A personal shopper’s job varies depending on the client. Some choose the dress for clients who don’t have time to go shopping. They either send the client images of clothing options or bring a large selection of clothing to their residence. Others assist their clients in developing self-confidence in their appearance.
Alternatively, they may collaborate with a fashion industry professional to locate a specific piece of clothing online. However, you must have a keen eye for detail as well as a creative flair.
G. Personal Concierge
It’s similar to being a personal shopper, except you have more responsibilities. You will plan and run errands ranging from booking a table at a restaurant to arranging a housekeeper, trades and services, event planning, and so much more. Others refer to it as a personal or executive assistant.
BUSINESS IDEAS WITH A START-UP COST
It is perhaps the most popular small business idea that many Filipinos are pursuing nowadays. With franchising, you don’t need to go through all of the hassles in setting up our own company. You can focus on the business aspect and leave everything else to those already successful in their venture.
B. Starting a Business Venture
A startup develops something to be sold to a vast market which is not the case for traditional business. It is a lucrative business, but it faces some unique challenges, particularly financing, because investors seek the highest potential return on investment while balancing the associated risks. Startup ventures relate primarily to technology-oriented companies that have high growth potential.
C. Opening a Small Business
Putting up your own business requires initial capital as you will need to purchase or rent a commercial space for your business operations. However, one of the many advantages of opening up your own company is choosing whatever business idea you want to pursue. There are no limitations. To top it all, you are your own boss.
Small Business Ideas to consider
Carwash Services – a Much Needed Service in Metro Manila
The income potential of a car wash business is a significant factor that attracts new business owners. Despite the pandemic’s impact, there is no shortage of cars on the road. Car sales continue to grow. The increase in the number of vehicles implies increased demand for all types of operation and maintenance services. And car owners know that one way of extending the life of an automobile is through routine washing and maintenance.
Moreover, car wash services are relatively easy to start and have a much lower risk than other businesses.
Rice Retailing Business
Rice is the most staple food in the Philippines. The high demand for rice is already a clear indicator that it’s a lucrative business. Aside from regular consumers who buy in large quantities, you can also supply food establishments that order in large quantities.
You’ll need a good location for a rice retailing business. High-traffic areas, such as public markets, busy streets, or near commercial places, will be advantageous. Rice, on the other hand, deteriorates quickly. Even if the item is in high demand, you must invest in a proper storage system to keep it dry and mold-free.
Retail or convenience stores (sari-sari stores in Pinoy slang) are everywhere. You’d see one on almost every street corner, making you wonder if they’re making money. Very much so! One of the reasons it is profitable is that Filipinos enjoy eating.
Furthermore, most Pinoys prefer to buy in small quantities. While buying in bulk is more cost-effective, buying in retail helps most people stick to their budget and consumption. An advantage of this business is that you can run it from the comfort of your own home. Of course, it will depend on the size of your store and the variety of items you intend to sell.
Pet Grooming Services
Bath time is something animals dread, sometimes even for the pets’ parents. Hence, bringing them to a trained pet groomer is ideal. He can give your pets a thorough cleaning – from ear cleaning, nail clipping to hair trimming. Furthermore, they can detect and prevent any conditions your pet may have and address them early on.
Pet businesses are thriving. This venture will be well worth your time and money to invest since we have developed an appreciation and respect for animals. More establishments are welcoming animals now. Pet owners will want their pets to look nice when they go out, so you might want to sell pet accessories to open another revenue stream for you.
Auto Repair Shop
If you are a car enthusiast and have the know-how, you can start with as little as a few thousand pesos in essential tools to do automotive repair and maintenance jobs as a self-employed owner/mechanic.
You can also go all-in as a business owner. If you choose the latter, you must factor in operational costs such as equipment, staffing, salary, rent, etc. It is also critical to find a good location.
The concept of the business is simple, and you can start with small capital. You only need a rubber compound patch, a heating tool, and an air pump because all you’ll be doing is repairing flat tires. Depending on the type of vehicle tire, repair time could range from 10 to 30 minutes, and service rates are between 80 -150 pesos per tire. A vulcanizing shop can operate in a small space. However, you can be unique and add some flair.
Online Clothing Store
If you have fashion and design skills, you can open an online or e-commerce store where people from all over the world can view and purchase your creations. If you don’t have a virtual store yet, you can sell your products on the online marketplaces.
Online selling is ideal for those with creative and artistic flairs and anyone who has merchandise to sell.
Internet Cafes are most popular among business people, travelers, and tourists, but it also attracts teenagers and adults who spend a lot of time playing computer games. This hub is the best way to stay in touch both personally and professionally. You can serve food and beverage as an additional source of income.
Despite the pandemic, Filipinos’ love of food remained unaffected. It merely paved the way for a new platform, notably digital. While restaurants are still present, most people prefer to order online and pay for the delivery service. Not just because of the health restrictions but also for convenience.
Here’s a fact that may inspire you even more. Our country made it to the top list of Asia’s best destinations for foodies. Since we have a diverse culinary culture that brings together flavors worldwide, there will always be a craving for food. This means that this industry will always be there, or should we say essential?
When it comes to the food business, you have many options, such as:
- Baking business – Baked goodies sell like hotcakes because Pinoys have a sweet tooth; thus, they always crave desserts.
- Street food business – Since street food is inexpensive, it generates high profits. Fishballs are among Pinoy’s comfort food. A fishball vendor can earn up to P 1,000 per day.
- Food cart business: A food cart is less expensive and easier to set up than a restaurant, and it gives you more flexibility in terms of location. It can be inside a commercial space or a food park.
- Food Stall – Food stalls are more prominent than food carts and cannot be manned by a single person because they take longer to set up. It typically includes pop-up gazebos as well as folding tables and chairs. You can also set up a food stall in a food park.
- Ice Cream Business – Ice cream is a favorite dessert among Filipinos all year round.
Any food or cuisine will sell. You’ll make money as long as the food quality is good. Of course, you must adhere to proper hygiene and sanitation standards, especially regarding food preparation.
KEY TAKEAWAY: THERE’S A VARIETY OF BUSINESS IN METRO MANILA
There’s a wide range of business opportunities available in Metro Manila. The list could go on and on. All you have to do is find your true calling. Ask yourself, what is it that piques your interest? Then take it from there. Meanwhile, here are quick and easy ways to earn money.
- Hold a garage sale- declutter your cabinets and sell all unused or seldom-used items.
- Provide home service – it could be anything from nail cleaning, house cleaning, to babysitting.
- Offer repair services – if you have a knack for fixing things, perhaps you could offer repair services to your neighbors.
Alternatively, you can contact your city government or check with other government offices about job openings or business opportunities.
The key is to be open to new experiences. Particularly now that the employment rate is so low, you must consider alternative sources of income. Lastly, remember Napoleon Hill said, “What your mind can conceive, you can achieve.” So go ahead and do it.
METRO MANILA’S NEW WAVE OF OPPORTUNITY
Undoubtedly, the internet has become an indispensable part of daily life – not only for work, school, or business but also for personal use. And the newest wave in fiber internet service is well aware of this.
Streamtech’s fiber-optic internet has the potential to revolutionize the industry. Aside from its lightning-fast speed, it also has a broader bandwidth available to deliver more data to you, making it ideal for businesses that rely heavily on quick data transmission.
Moreover, Streamtech enables small and medium-sized businesses to expand their reach and overcome geographical and technological limitations. We commit to ensuring that every enterprise has the best possible chance of success regardless of size or location.
With our fiber internet service, you will be able to connect more potential customers to your business.
Aside from that, Streamtech has affordable plans to meet your personal and business needs. You can get faster and more reliable internet speeds delivered to your home or business for as little as P1499 per month.
So, why settle with your existing internet service provider when you can have better connections without having to compromise quality?
Streamtech takes pride in bringing Metro Manila the best fiber internet with the fastest connection in the market.
Hurry and be the first to pioneer this unique internet experience. For more information, you may visit our Official Facebook Page.