Thursday, November 2, 2017

9 Business Ideas & Sidelines You Can Start This Week

Here are small business ideas or sidelines you can start today or this week with low capital. Key here is start small and get your first customer as soon as possible.
  1. Sell through Facebook
  2. Freelance in Upwork
  3. Sell ulam or merienda to officemates
  4. Become an insurance agent
  5. Tutor students
  6. Start a food stall in your house front
  7. Organize small events
  8. Be a consultant using your current skills
  9. Sell handicrafts
You can try them one by one and see which one clicks. You can also do more than 2 ideas today or this week and start earning money.

1. Sell through Facebook

Many fellow Pinoys already do this. They buy cheap products and sell it at a bit higher price for profit. They sell dresses, shoes, watches, perfumes, and other stuff. Customer pays and receives the product by personal meetup.

2. Freelance in Upwork

Upwork is a popular freelancing site for Filipinos and other people all around the globe. Work can be part-time or full-time depending on the client and company. Foreign or local clients hire you for per-hour and per-project basis. Writing, graphic design, social media, and web development are some of the popular gigs here.

3. Sell ulam or merienda to officemates

You have to wake up early to prepare the food. Many of your officemates might just prefer ready-to-eat food instead of preparing it themselves or dining out (which can be expensive). It can be a regular income source because people eat every day.

4. Become an insurance agent

This is a good part-time job. Apply to one of the most popular national insurance companies. I think earnings are based from commissions. Don't rely solely on this though. Initial income might be zero or minimal because it could be slow or unpredictable to get customers.

5. Tutor students

Help students improve their grades and exam scores. You can also help them for college admission tests or scholarship exams. If you're an engineering graduate, you can tutor in math. If you're a science major (Physics, Biology, Chemistry), you can tutor on those subjects. If you're a school teacher, you can tutor in your specialty.

6. Start a food stall in your house front

You can sell kwek-kwek, barbecue, isaw, burger, fries, palamig, banana cue, and other snacks and beverages. Start with 1 or 2 merienda and see if it "clicks." You can also sell breakfast such as lugaw, arroz caldo, and champorado.

7. Organize small events

You can help organize your pamangkin's birthday (or other special events of your family, friend, or relative). This can be stressful and time-consuming because you have to coordinate and contact suppliers for food, chairs, entertainment, attire, event venue, sound system, etc.

8. Be a consultant using your current skills

If you're an accountant, you can help your uncle's business with the accounting and bookkeeping. If you're a mechanical or chemical engineer, you can be a consultant for water refilling station businesses. If you're a software engineer, you can develop software and apps for other businesses. In short, use your current expertise to earn more.

9. Sell handicrafts

You can make a basket or do a cross stitch and try to sell it. If you got really good feedback and someone bought immediately, it could be the sign. Other handicrafts include pottery, woodcarving, handmade slippers, knitted accessories, handmade necklaces, beads, scrapbooking, sewing, and others.
***
You can start today so you can test the idea's potential. Once your business grows (you have a lot of customers), register the business to make it formal and long term.

Start with very low capital (don't invest all your savings). Also, it's still good to have a regular job so you can always have an income source no matter what happens to your sideline or business.

9 Small Business Ideas Philippines