Photo by rupixen.com on Unsplash
Written by: Maine Dela Cruz
Do you want to establish a business but find it difficult to articulate your business ideas?
As more individuals get involved in modern-day technology for work and play, many businesses have explored migrating to the online realm.
The internet has greatly simplified the process of starting a business. You can sell and engage with your clients without ever meeting them in person if you have a website and a social media platform like Facebook.
As a result of the COVID 19 epidemic, an increasing number of Filipinos have explored starting internet companies. According to the Department of Trade and Industry, there were 86,726 business names registered for online businesses between April and December of last year.
Where Every Business Begins
That being said, there’s no better time to open an online business than now.
Any business begins with an idea. A business idea drives everything about the company, from what products and services are offered to how these products are marketed.
Before we dive into the ideas for the best online business in the Philippines, let’s explore the benefits of opening an online business in the country.
Advantages Of Opening Online Business Philippines
If you are planning to open an online business, you are in the most ideal place to set up one. Filipinos are one of the most internet-savvy people on the planet, spending at least 10 hours a day on the web. It reveals a lot about Filipino internet shoppers’ online habits, with a big percentage gravitating for video games, fashion trends, and now, even home care.
Let’s explore the reasons why it is favorable to open an online business in the Philippines:
Between 2020 and 2021, the number of internet users in the Philippines rose by 4.2 million (+6.1%). As of January 2021, the country has 73.91 million web users, with an internet penetration of 67.0 percent.
Social Media Users
Between 2020 and 2021, the number of social media users in the Philippines rose by 16 million (+22%). As of January 2021, the country has 89.00 million social media users, accounting for 80.7 percent of the entire population.
As of January this year, the country has 152.4 million mobile connections, equivalent to 138.2% of the total population.
According to a study, Filipinos’ rising preference for e-commerce for their food supply needs will push online sales of food and drink to increase by 30% this year to a record-high of $280 million.
According to a poll of internet users in the Philippines, 89.3 percent had looked online for a product or service to purchase as of the third quarter of 2020. Furthermore, it indicated that Filipino internet shoppers are increasingly flocking to e-commerce platforms for retail transactions. These platforms provide a greater choice of purchasing options as well as reasonable rates. This resulted in an expanding e-commerce market, which is expected to double between 2019 and 2025.
A large majority of Filipinos who purchase online are between the ages of 18 and 31 — the Gen Z and Millennials – according to a recent study. Most of them have active Facebook pages. They are tech-savvy and well-versed in social media usage.
Two standout e-commerce platforms are Shopee, with about 54.6 million monthly site visits, and Lazada, with approximately 38.3 million monthly web visits.
Best Online Business Ideas Philippines
Listed below are the best business ideas to get you started right now. You don’t even need to validate any of these ideas before you get started because they all have money-making potential. This is the only list for all Pinoys seeking the best online businesses to start.
And we hope that these big and small business ideas will help you kick off your own version.
Platforms like Shoppe and Lazada have made it very simple to start an online business for anyone with any product in mind. Aside from these, there are other platforms you can use like Facebook Marketplace and Shopify. As long as you have the goods and can work out the logistics with a courier, this business model can work. Whether it be homemade pastries, a hobby or art, clothes, or even any odd items that you just feel like selling can all be sold through an e-commerce site.
However, like any business, making a profit is not as easy as one-two-three. One challenge is marketing your products to the public. What you need is a solid marketing strategy and technological know-how to market and sell your e-commerce shop.
Facebook Ads on your Facebook Page is the fastest method to reach out. If you don’t have the budget for it, you may always go for organic marketing, which is less expensive. Even if you’re simply targeting a small location such as your city, building an audience will take time.
Of course, make sure to have fast and unlimited internet to make this possible.
Another for an online business in the Philippines is print-on-demand. Anybody with a speck of inspiration and an eye for design can start a print-on-demand company online. You may choose to collaborate with a supplier to customize white-label items like shirts, mugs, hats, and so on with your own designs. Then you can sell them on a pre-order basis in your store under your own brand. On the other hand, you may opt to establish an international print-on-demand business using solely your own design by selling it on platforms such as Etsy and Redbubble. You only need to exhibit your designs in such markets, and they will print them for you.
It may be a quicker method, but you’ll have less control over your own identity.
If you’re interested in starting an e-commerce business, dropshipping is the best way to get started. When it comes to this business model, platforms like Oberlo, SaleHoo, and Spocket can help. So, instead of investing in warehouse or production expenditures, you may sell to clients around the world while creating and marketing your own brand. Plus, you don’t have to keep inventory!
Engaging in dropshipping needs small capital; you only need a laptop or a mobile phone, and some marketing skills.
The key for this business to succeed is identifying a niche market. Most likely, this is the most difficult element of the business, and it may take some time to test items on the market.
Although there is a general consensus on what product will work, it might alter with time. Keep in mind that if you’re looking for general merchandise such as pet supplies, housewares, or other household goods as well as health and beauty products and the like, most of these items may be accessible on more popular e-commerce sites like Lazada and Shopee.
Another way to earn online in selling food. When it comes to cooking, there are hundreds of ways to convert it into a profitable company. You may start by setting up a catering website, baking business, street food business, and food cart business, or joining a third-party e-commerce store that features and delivers your food to your customers. It’s also possible to educate others on how to prepare exceptional foods by offering online lessons if you’re not camera-shy.
Expertise presents a business opportunity. As long as your skills are relevant to today’s digital world, you will find always find a way to market them.
One of the trendiest careers in the internet world right now is being a search engine optimization (SEO) expert, and it’s a gold mine for tech-savvy entrepreneurs. Many individuals are interested in optimizing their websites for search engines, but few are able to grasp the concept. Consider offering one-off solutions like link development, content production, and e-commerce SEO optimization.
Graphics and web design business
From small businesses to huge corporations, graphic designers are in high demand. You may take advantage of this excellent opportunity by starting your own graphic design firm. Using your prior portfolio to demonstrate your expertise can help you attract consumers without the need for an aggressive approach.
Likewise, being a website developer is in high demand since businesses are constantly striving to modernize and improve their websites in order to increase sales. Because of this, you may work on new and old websites at the same time, while also trying out new ideas. A career in website building might be the greatest online business for you if you want to be continually challenged.
Selling online courses
Anywhere in the world, there’s always a person who’s a collector of knowledge and online certificates. This is why online course is a trend.
And anyone may produce and sell online courses, which is a huge advantage. Just a little bit of information and the ability to talk passionately about a subject is all you need. And if you are an expert in certain fields, more people would want your expertise. As global e-learning and course consumption has increased dramatically during the pandemic, online courses and e-learning represent a massive opportunity.
As a marketing tool, your online course can help you build stronger relationships with your customers. Consider creating a free online course that explains what your company is all about. It is important to show them what makes you stand out from the crowd. Watch as your students’ loyalty to your course grows as a result of the relationships you build.
Video producing and photography business
One of the most creative and most challenging online business ideas is a videography-and-photography service. It’s no wonder that video is becoming a major communication channel for businesses of all kinds, given YouTube’s position as the second-largest website in the world. If you have experience in video production or editing, you’ll be able to establish a clientele quickly. It’s possible that the corporate sector is interested in anything from video creation classes and video editing services to music libraries and DIY instructions.
If you have the writing skills, put them to use by becoming a blogger. As a blogger, you can help enhance businesses’ inbound marketing efforts. It will also help boost traffic to their site and attract more potential consumers.
However, take note that creating and monetizing a blog are two different things. The way individuals consume blog articles now is vastly different from how they did a decade ago. Bloggers must adapt to trends and generate fresh and original material in order to get success.
The most important step is choosing a niche. Personal finance, health, and travel are without a doubt three of the most lucrative topics in the blogging world. People search for money, health, and travel the world the most on the internet, so it’s no surprise that people are drawn to these topics. As a result, there is a significant demand for materials in these sectors.
Social media influencer
Influencers are individuals that have a big following on social media sites and are considered experts in a specific field, such as cosmetics or fitness. In addition to sharing often about their lives, they also sell items they believe are worthwhile. Just bear in mind that there are already a lot of influencers out there and some of them do not have a good reputation.
But still, if you opt to be an influencer, you may get paid for promoting a business to your followers with this online business concept, which is like affiliate marketing. Taking advantage of the influencer marketing trend is a great way to grow your internet brand. Become an expert at creating vlogs and making podcast shows, which are currently growing communication avenues for influencers.
Resume and CV writing online services
Among our list of online business ideas, this might be the most inexpensive. Certainly, you may make a lot of money producing resumes, and there are already a lot of firms in this field. But if you’re an expert in this industry and know how to run a business, this is the perfect job for you.
When it comes to this service, there is plenty of competition as there are many clients. However, it is still possible to compete on price and professionalism. The best approach to get the most out of your service is to target individuals in your locality. The best thing is that the capital for this business is quite inexpensive.
Meanwhile, writing CVs may be a lucrative business for someone who is skilled with words and knows how to showcase people’s finest characteristics. The task of creating a competitive CV is nearly difficult for many people. You can also sell attractive CV templates that will assist job seekers to stand out from the crowd and get more results. You can also include cover letters and thank-you letters to possible employers as part of your service.
It’s possible for freelance writers to make a lot of money by becoming ghostwriters. If you enjoy writing but lack inspiration, consider working as a ghostwriter for someone else. Addedly, if you’re asked to describe someone or something in great detail, you’re in for a treat. If you want to complete this sort of job, plan on dedicating a few months to it.
As a ghostwriter, you can write non-fiction articles, short ebooks, and fiction or memoir books.
Writers can earn money by translating thoughts into written words in any of these ghostwriting subgenres. Each places a different emphasis on writing and communication. There is a niche out there for everyone.
Power Your Online Business with Streamtech Internet
For your online business ideas to take off, you need a fast and reliable fiber internet service. Streamtech Internet is the Philippines’ newest telco player that offers dedicated internet access, leased line, and Wi-Fi services to subscribers. This is applicable to its franchise areas powered by their own fiber-optic backbone link.
Streamtech offers affordable home internet plans so your small business can make use of its unlimited connectivity. For as low as Php 1,499/month, you can enjoy an internet speed of up to 25 Mbps. That is the fastest internet speed ever offered for residential areas.
So, what are you waiting for? Subscribe now and experience fast, secure, and uninterrupted connectivity with the best fiber internet provider in the Philippines.
To know more about their products and services, visit its official social media page (Facebook).