Are You Ready to Start Your Own Business?
Have you ever imagined what your life would look like if you lived on your own terms? No more waking up at 5 in the morning to catch the bus or pulling an all-nighter to finish that presentation for next day’s board meeting. Sounds fun, isn’t it?
With your free time, you can even start building your own business. If that’s something that you’ve been thinking of over the past years, then don’t you think it’s time to actually make it happen? Start off by deciding which business you want to venture in.
Here’s a few ideas to help you get started:
Online Fashion Empire
Ukay-ukay online, anyone? These days, more people are shopping for clothes, shoes, and whatnots online. Setting up an online shop is now made easier by Facebook where you can sell your merchandise without having the need to pay for a single peso.
How? First of all, you need to look for suppliers that can provide the products that you want to put up for sale. We can say that Divisoria is the place to be for this kind of business. Aside from the wide array of items — tops, bottoms, and accessories — that you can choose from, they give discounts for bulk orders of 100 pieces and above. For ₱20,000, you can slowly build your online fashion empire that you can promote via Facebook. Did we mention it’s free? Now, all you have to do is pick a catchy name, so people can easily remember it.
Why invest in a coffee shop when you can simply sell coffees-to-go? Coffee vending machines are a real thing, and you can make fortune out of them. Your ₱13,000 can already give you a coffee vending machine with packs of coffee, chocolate and caramel powder, and 300 pieces of 6.5-ounce paper cups. That’s not bad at all!
The challenging part is choosing the perfect location to have it installed. Usually, coffee vending machines are set up beside computer shops and establishments with good traffic. You can then ask for the requirements and other terms for putting up a vending machine within the area. Once everything is okay, you can start selling coffee at ₱5 per cup. It’s hassle-free, too, as people only need to throw in five-peso coins in the machine for them to get their preferred flavored-drink. This kind of business guarantees you daily income and return of investments (ROI) in a matter of weeks.
One Good Barbershop
It’s true that there’s money in hair. No matter which city or province you live in, there’s always a demand for barbershops. It’s as if your dad and lolo always need a barber to cut their hair and shave their beards if they are too lazy to do so at home.
Prepare ₱35,000 to ₱50,000 if you want to venture into the world of haircutting. This budget should cover the expenses for barber’s chairs (₱9,000 each), good barber’s scissors (₱500), mirrors (₱1,500), and rent (up to ₱10,000). Upon listing all the materials needed for your barbershop, you can start enumerating the extra services you will offer. Some barbershops are known for neck massages and mani-pedi services, but you can always explore the possibilities of additional perks when a customer goes to your shop for a trim. Experts have three words for those who want to launch a barbershop: Keep it simple.
Hog Raising at Home
While you don’t need a big capital to for a hog raising business, you definitely have to have a wide backyard to accommodate the pigs. You can raise either foreign hogs or native ones. Foreign hogs come with light pink and black patches and high hooves while the native ones are those with black complexion. One-month old piglets usually cost between ₱2,000 and ₱3,000, depending on the breed, age, and gender.
These adorable creatures need to live in a clean hog house complete with roof, drainage for waste, feeders, and drinking troughs to ensure their good health and to prevent them from getting diseases. Putting up a hog house can cost up to ₱10,000. This should include the materials and labor as well. Feeding the hogs may be the most expensive part of this venture. You’ll need to pay at least ₱6,000 for their food and a few more hundreds for their vaccines, deworming shots, antibiotics, and vitamins. Do your assignment and find out the pros and cons of doing a hog raising business.
The list of business ideas you can start under ₱50,000 can go on. With proper planning, patience, and persistence, success will surely follow your business.
Are you in need of business capital? Head over to Gobear.com to compare personal loans that you can apply for to help you build your own business.