What Is The Best Business Philippines 2024

There are many different business opportunities across the country. Still, the biggest question today is, what is the best business in the Philippines? Therefore, in today’s complete guide, we will be covering the best businesses in the Philippines at each stage, starting from the best businesses with a 7k capital up to the best businesses in the Philippines to start with 1 million pesos.

We will also be diving into the best online businesses in the Philippines, the best traditional businesses, and answering the question of – what is the best business for me in the Philippines.

Table of Contents

What Is The Best Business In The Philippines To Start With 7K Capital

Small Lazada, Shopee Or Esty Business

Starting a Lazada, Shopee, or Esty business is one of the best businesses to start in the Philippines with a 7K peso capital, but it’s not always the easiest. The competition and product are the most obvious challenges for new entrepreneurs looking to start an online business in the Philippines with 7k capital.

These platforms are highly accessible to most sellers, which has resulted in an oversaturated market for some products. So why is this made our list of best businesses in the Philippines to start with 7K peso capital? Simply because the pros outweigh the cons.

Many new entrepreneurs succeed in starting an online business in the Philippines, such as Lazada Shopee or Esty. However, the most critical area to focus on is the customers (including what they want and where they are) your handmade jewelry might not be a success on Lazada, for example. Buttttt… it may be a highly demanded product on Esty.

Start A Flipping Business

Another popular business to start in the Philippines with a 7K capital is a flipping business, but what exactly is a flipping business? Put, a flipping business is where you purchase products to resell them at a higher price. Some entrepreneurs target electronics, but flipping has no limits, meaning that you can certainly build a business around a topic or product if there is a demand for it.

Starting a business with a 7K capital in the Philippines can be slightly challenging, and that’s why it’s recommended to start this small business organically (start small). This is often the best way to grow a business in the Philippines.

For those looking to start a flipping business, it is recommended to focus on your purchasing price because flipping makes your money when you buy, not when you sell. In other words, your profit is semi-decided when you purchase an item.

Load Business In The Philippines

Starting a load business in the Philippines can be started for much less than 7000 pesos; however, a loading business with this capital can often provide you with the flexibility to grow your business quicker.

If 7000 pesos is over your budget, you could start a load business with only 2000 pesos via the Gcash app. On the other hand, if you have over 2000 pesos, you may be able to negotiate a small kiosk area to provide you with additional customers.

When looking at the best business in the Philippines, it’s always recommended to start a business in the Philippines small. But, of course, that does not mean being physically small. Still, it may mean small in business. I say this because some businesses grow too quickly without first building the company’s foundations, which can negatively impact the business long-term.

What Is The Best Business In The Philippines To Start With 10K Capital

Gift Basket Business In The Philippines

So now we’ve looked at the best businesses in the Philippines to start with 7k capital, but what about 10,000 pesos? Of course, an extra 3000 pesos is not a significant amount in terms of business capital; however, it does give some additional flexibility, and starting a gift basket business in the Philippines is one of these options.

A gift basket business in the Philippines can take many different forms. On some occasions, it can be seasonal such as Christmas and Valentine’s Day; however, it can be a more frequent business to start in the Philippines with 10K capital with the proper public awareness and customer base.

A friend of mine recently purchased a gift basket. In this gift basket were gifts for people who have split up with their boyfriends and girlfriends. Many of these gifts were humorous and warm. Lots of chocolates and funny items were included but what was fascinating is that the price seemed to be fair, but looking at each item, the profit margin was huge!

Start A Graphic Design Business

Another great option to start a business in the Philippines with a 10k capital includes a graphic designing business. Essentially 10K capital may be an overestimate, but 10,000 pesos can include a professional website, some marketing, and specialized graphic designing services that will be needed for your business.

A great option to start a graphic designing business in the Philippines is to first advertise your services on Fiverr, 99Designs, and Freelancer, as you may find many potential customers on this platform. Additionally, there are also great platforms to build your portfolio.

Open An Online Language Website

One of the following best businesses to start in the Philippines with 10K capital revolves around learning. Online learning has increased rapidly over the last few years, and this looks to increase as we look into 2025, 2030, and beyond.

We have spoken about teaching as an online English teacher in the Philippines previously. In that article, we spoke about opportunities for jobs, but this option is by starting your online language website, which may be more appropriate for your situation.

The Philippines has the highest number of English speakers of any other country in Asia. This has been taken advantage of, especially in call centers across the country, but Filipino teachers have a large market. Additionally, there is also demand for Tagalog teachers for foreigners looking to live and travel in the Philippines.

What Is The Best Business In The Philippines To Start With 25K Capital

Start A Vlog In The Philippines

We are now moving on to the best businesses in the Philippines to start with 25K capital. And one of the most unique is Vlogging. We have spoken about the difference between a blog and a vlog previously, as it’s one of the hottest businesses in the modern world.

There are many ways to earn an extra income from a vlog in the Philippines, but now there are also many opportunities to turn this side business into a full-time income.

Starting a vlog business in the Philippines with a 25K capital is not always necessary as it can be started for a low amount; however, 25K capital will give you the option to purchase some essential editing software, equipment, and also any stock footage needed for your Vlog business in the Philippines.

Office Cleaning Business

A cleaning business in the Philippines is not the most glamorous, but it is a traditional business still in demand in certain parts of the Philippines. Looking through successful cleaning businesses, it is noticeable that they often have a specific niche, such as office cleaning or condominium cleaning.

Cleaning equipment can be purchased for a relatively low price in the Philippines; however, you will often need industry-standard cleaning equipment to start a professional cleaning business, which can be much higher than standard cleaning equipment.

Additionally, you may need the services of an online appointment system that can help you grow your business quickly and effortlessly.

Launch A Real Estate Website

Real estate is a massive industry in the Philippines, and as someone who has been studying this industry for some time now, I can confirm there are gaps in the market! One of these gaps is an online real estate website which can take many different forms.

For example, this can be one of the best businesses to start in the Philippines if you work closely with real estate agents, brokers, and developers. Remember, the key here is traffic! Alternatively, you may wish to focus your attention on the general public who are selling their property.

To have a successful online business in the Philippines, you may need to invest capital into the website’s infrastructure. This includes a reliable hosting service and online security, which can be covered with a 25K capital.

What Is The Best Business In The Philippines To Start With 50K Capital

Start A Small Coffee Kiosk In The Philippines

We are moving on to the best businesses in the Philippines to start with 50K capital. The first option is perhaps one of the most popular, starting a small coffee kiosk business in the Philippines. We have previously spoken about how to start a coffee business in the Philippines, which I have attached for reference; however, kiosks are slightly smaller and thus require much lower capital.

Starting a small coffee kiosk business in the Philippines with 50K capital may not allow you enormous freedom at the beginning stages. In other words, you may have to be slightly careful not to go over your budget of 50K capital when starting this kind of business as it is easy to go over budget.

One of the most important things when opening a small coffee kiosk business in the Philippines is the location. For most food and drink businesses, the location can make or break a business. In other words, a poor product in a good location often beats a good product in a poor location.

Become A Private Fitness Trainer

Another option for those fitness fans is to become an online fitness trainer and start your own fitness business. Before creating Filipino Wealth, I was a personal trainer, so I know many opportunities with this business model.

Opening a gym in the Philippines with this capital will not be possible, but you will be able to open up a small studio or rental space where you can train your clients one on one. Some clients also prefer private training to group classes, which can be an excellent selling point to boost your business.

Drone Videography Business

Starting a drone videography business in the Philippines is also a unique but surprisingly popular business. There is a great demand for unique content in today’s modern world, so if you live or travel in a remote area, then starting a drone videography business may be right for you.

The best business to start in the Philippines with 50K capital includes drone businesses, as drones can often be purchased for much less than 50K. Nonetheless, if you are looking to turn this idea into a business, you often need premium equipment which can sometimes be expensive.

What Is The Best Business In The Philippines To Start With 100K Capital

Start A Dancing / Yoga Class Business

When looking at the overall best business in the Philippines to start with 100K capital, you may not initially think about a dance or yoga class business. Still, it is a service that is in high demand across the country.

Filipinos are starting to look more and more into their overall health, including their diet and exercise routine. Dancing and yoga are great ways to keep fit in an enjoyable atmosphere leading to their high demand.

As somebody who previously taught these classes, I confirm that persona is one of the most critical areas to focus on when becoming an instructor.

Vending Machine Business In The Philippines

Starting a vending machine business in the Philippines is something we have looked at previously, which is attached for your reference. When starting a vending machine business, there are many different options, but it may not necessarily be the cheapest business to start in the Philippines. This is why it falls under our 100K capital category.

The most critical area to consider when starting a vending machine business is the location. You will need to find a location that is highly accessible with foot traffic but also is safe and secure for your products.

A good location works very well. For example, a protein bar or protein shake vending machine may do well outside of a gym or park.

Homemade Soap Business

A soap business is a great business to start in the Philippines for those who enjoy creating and crafting. Moreover, these kinds of products work exceptionally well on platforms such as Esty.

If you start a homemade soap business, it’s essential always to follow the local laws as specific requirements are set to protect consumers. Included above is the full article explaining how to start a homemade soap business in the Philippines.

Aside from the legal requirements, you will need to make sure that your raw materials and manual labor costs are lower than the price of the finished product. This is obvious in business, but I add this because soap is often a very cheap product, so it’s a good idea to keep an eye on this when starting a soap distribution business in the Philippines.

What Is The Best Business In The Philippines To Start With 200K Capital

Open A Laundry Business

When looking at the best business in the Philippines to start with 200K capital, the first option is perhaps one of the most common sights, which is a laundry business. Please take a look at our complete guide on how to open a laundry business in the Philippines, which explains exactly how much you will need and the process when starting this business.

One misconception is that you need a lot of money to open a laundry business in the Philippines, which is not the case. In some cases, this business can be started with low capital. For example, some laundry businesses start by washing travelers close in tourist areas and then renting a bigger store and then keep growing.

200K capital is an excellent figure to aim for a very small laundry business. Still, suppose you are looking to start a more significant business, including automatic washing machines. In that case, you may need to invest slightly more to cover security equipment and a minimum of six months of business expenses.

Launch Your Online Tea Store In The Philippines

There are many different teas on the market, and in recent years milk tea has become a very popular beverage across the Philippines. However, there are many different teas, such as herbal teas, iced tea, and many different cultural teas.

200K capital is a considerable amount of money to open a business in the Philippines. For example, I previously operated a business in the United Kingdom which sold tea. I found that many customers didn’t want only tea, but they wanted other products such as teapots, tea strainers, etc., and thus 200k capital will be enough to purchase some extra product lines, but it can be started for less.

Hair Removal Service

Filipinos are the most beautiful people on the planet! The industry for beauty is gigantic, and hair removal is one of those services that are in high demand year after year.

It’s challenging to estimate precisely how much money you will need to open a hair removal service business in the Philippines, as it depends on the scale of your business. This falls under our category of one of the best businesses to start with a 200K capital as this is the estimate for a small salon. Still, you may need slightly more capital if you offer more services or are in a larger establishment.

What Is The Best Business In The Philippines To Start With 500K Capital

Baby Store Business

With a 500K capital, you have a lot more freedom in what kind of business to start. For example, one exciting and in-demand service in the Philippines is in the industry of childcare.

A baby store business can take many different forms, including an online business or a more traditional business. With this kind of business, word of mouth is paramount. If you can provide excellent products with a great experience, you may persuade new buyers into regular customers.

500,000 pesos is a large amount of money to start a business in the Philippines. The reason this has fallen under this category is that some baby equipment can be costly. Additionally, customers may wish to purchase multiple products, and thus, this is an excellent opportunity to cross-sell but may require more capital.

Outsourcing Call Centre

Starting a call center business in the Philippines is an exciting experience. Last year I was in the process of starting my call center, but unfortunately, my business partner dropped out, and the dream faded. Still, I first hand saw the opportunities for an outsourcing call center in the Philippines.

The difficulty is with so many outsourcing call centers across the country that even though this is one of the best businesses to start in the Philippines, it is slowly becoming a saturated market, meaning that you may need to be very specific about your business niche.

We have spoken about starting an outsourcing call center in the Philippines before, and I have attached this above for your reference for those looking For more information.

Biodegradable Packing Business

Biodegradable is a word that seems to be appearing more and more in business as we collectively start to take a look at the environmental impact businesses are having on the world. Plastic is a big concern, especially in our oceans, and thus, degradable packaging is a trend that seems to be increasing.

To produce biodegradable packaging, you will need a small warehouse, machines, other equipment, and raw materials, all of which can be costly. This is why starting a biodegradable business in the Philippines is challenging to start small, so special care and consideration should be considered. All other business ideas we have spoken about today should also follow a similar process of careful consideration.

What Is The Best Business In The Philippines To Start With 1 Million Capital or More

Small Private Labeling Provider

Now we have reached the peak of 1,000,000! So what is the best business in the Philippines to start with 1million capital? There are a few different options, but one that seems popular is becoming a private labeling provider.

A private label is a business that essentially buys a product from another business and then puts its label on top to resell. This happens across all industries, and some large companies in our modern world are private label companies.

This business idea in the Philippines is not to become a private label company but to become a private labeling provider (your business creates the product, your customers put their label on it). Often there is a minimum number of products that a business will order, and depending on the product, it can be 10s of thousands of products at one time.

Launch A Small Restaurant In The Philippines

One popular question that seems to be asked repeatedly is how much money you need to start a small restaurant in the Philippines?

To start a small restaurant in the Philippines, the total capital you will need will range between 750K – 1.5 Million Pesos. Areas of consideration are the location, size, class, and product because these will all impact the amount of money you will need to start a small restaurant in the Philippines.

If you want to start a small restaurant but do not have the capital needed, another option is to start a small food cart business, which we will discuss below.

Cryptocurrency Exchange Business

Cryptocurrency exchanges such as Binance, Coins.ph, and Coinbase have been the center of many news stories for good and bad reasons over the last several years.

One of the fundamental truths about starting a cryptocurrency exchange business is that if you have customers, then there are plenty of opportunities to earn income from your exchange.

Cryptocurrency has exploded in recent years; with cryptocurrency exchanges, you can learn cryptocurrency as you can farm cryptocurrencies and so much more. Of course, traders often receive a profit, but exchanges also receive their fair share in transactions.

What Is The Best Online Business In The Philippines?

Blogging Business

Is blogging dead in the Philippines? The way Filipinos are searching for information has changed. Blogging is not the only means to find information in the technological world. However, blogging in the Philippines is not dead, and it remains one of the leading methods in finding out new information.

Blogging Can Be Started Inexpensively

It Is A Great Long Term Business
Blogging Is Flexible
There Are Multiple Ways To Earn Money From A Blog In The Philippines

You Can Target An Audience Anywhere In The World

Starting A YouTube Channel

Starting a YouTube channel in the Philippines is another top-rated online business in the Philippines as there are many ways to monetize a YouTube channel. However, one crucial tip for those who are looking to be successful on YouTube is to create a niche for your channel to keep your viewers engaged, as this is the key to growth on YouTube.

Apart From Equipment, Starting Youtube Is Free.
Can Be Started Very Quickly And Easily
Multiple Ways A Youtube Channel Can Be Monetized

There Are Many Different Content Ideas
Youtube Growth Is Often A Lot Quicker Than Blogging Growth

Affiliate Marketing Business Philippines

What is the best online business in the Philippines? The best online business in the Philippines is affiliate marketing. Affiliate marketing is a business that can be a stream of income on your YouTube channel or blog. There are many different ways to earn an income by starting an affiliate marketing business in the Philippines.

Affiliate Marketing Can Be Started For Free
Affiliate Marketing In The Philippines Covers Many Different Industries

Affiliate Marketing Is Often A Leading Income Source For Content Creators
Commission Can Be High On Certain Products And Services
It Can Be A Great Source Of Passive Income

What Is The Best Traditional Business In The Philippines?

Starting A Food Cart Business

We have looked at opening a food cart business in the Philippines, where we have covered the process of starting a food cart business in more detail, which has been included above for reference. Location is one of the most critical factors to success in this business. As we’ve mentioned previously, an inferior product in a good location will beat a good product in a poor location.

Can Be Set Up In Multiple Areas

Food Cart Businesses Are Much Cheaper To Open Than Restaurants
Often Has Great Scalability.
There Are Many Different Food And Drink Products To Choose From

There Are Many Franchising Food Cart Businesses

Grocery Store Business

Another business we have documented recently is starting a grocery store business in the Philippines. Grocery store businesses are widespread forms of traditional businesses in the Philippines. Capital is often high, but profitability can also be considerably higher in this kind of business due to the volume of purchases and product profit margins

A Grocery Store Can Be An Excellent Asset For Leverage
Is A Scalable Business
Many Opportunities To Earn Additional Income

Opportunity To Launch Your Own Product In The Store
Some Items Can Be Highly Profitable

Franchising Businesses In The Philippines

What kind of business list would this be without talking about franchising businesses in the Philippines. Starting a franchising business in the Philippines can be a very lucrative and exciting opportunity for Filipino entrepreneurs.

Like with all of the ideas spoken about today and any other business concept you may encounter, there are many pros and cons to franchising in the Philippines. Additionally, for many enormous franchising opportunities, there are also many requirements that you will need to meet.

Furthermore, there is often a large amount of capital you will need to start a franchising business. Therefore, as an entrepreneur, you will need to make whether the business name and the business plan are worth the initial investment. Nonetheless, it can be one of the best businesses to start in the Philippines, but many factors should be considered.

Business Support And Guidance
If Royalties Are Low, Profitability Can Be High.
Many Different Franchising Options

Often Including Free Marketing
Strong Brand Name

What Is The Best Business In The Philippines For Me?

The best business for you to start in the Philippines will depend on your goal, lifestyle, and resources. The best business for you may not be the most profitable or the most in-demand service, but it is the business that fits you well enough to turn a passion into a career.

Suppose, for example, you start a business where you earn 200K a month, it’s good money, but it may come with stress and a lifestyle that doesn’t suit your personality. Alternatively, you could start a blog in the Philippines which you love, where you earn 50K, and for you, this is the best business in the Philippines for you because it fits perfectly with you.

I learned very early on in business that the motivation you get from money does not last as long as passion. You may spend the next 20 or 30 years on a business, so doing something you love doing is essential.