9 business ideas you can start in P1 000
Opening a business brings you closer to financial independence. But some people say they haven’t started a business because they don’t have capital to spare. It’s the wrong state of mind! There are actually a lot of Business ideas which you can start under Php1,000.
Check out these 9 business ideas that you can start for as little as 1000 Php:
1. Longganisa company
Pinoys love to eat Longganisa. You can rely on this to start a business. Did you know that longganisa is actually easy to make? You can experiment with a variety of flavors and styles until you get the best results.
Since this food business involves perishable items, you may need to invest in a fridge later, but Longganisa sells out quickly, especially if you make it delicious.
2. Fishball and tempura business
When starting a business, you can never go wrong with street food. Fish balls and tempura remain among the top selling street foods, but you can add more later for more variety. Kwek kwek, siomai and squid rolls are also easy to sell.
3. Factory company
These days a lot of plantitas and plantitos are willing to spend a lot of money on precious green babies. If you have plants at home, you can already start your plant business right away. You can also acquire more plants to grow and sell later, but make sure you’re not breaking the law by selling rare plants that can only be found in mountains and forests.
4. Gift basket business
Flower bouquets remain popular as gifts, but there is also a growing trend for gift baskets. If you can find a local supplier for beautifully handcrafted baskets at inexpensive prices, that would be really perfect. Practice different arrangements for gift baskets and try to offer a variety of products to gain more market share.
5. Home-made bakery business
Many homes have a gas oven or stove. If you own these kitchen appliances, it would be easy for you to start a business selling homemade baked goods. But even if you didn’t have one, there are actually plenty of ways to improvise – and you can use a pot as a makeshift steamer to bake your cakes.
6. Puto Business
Puto is an all-weather delicacy that you can enjoy as a breakfast, snack or dessert! The great thing about puto is that it’s easy and cheap. Plus, since the Pinoys love puto, it’s also so easy to sell.
7. Coffee trade
With a lot of people flocking to expensive coffee shops, it’s hard to imagine how you can sell cheap coffee and attract a lot of customers. But a number of people have done it – and it worked! A number of coffee companies opened amid the COVID-19 crisis, selling cheap but delicious coffee by the side of the road. Even those who offered instant coffee grew their business.
8. Drop shipping company
Thanks to the Internet, drop shipping companies have also become popular. Plus, you don’t even need a lot of capital for this one as your role is to find customers and sell them products which are then shipped by the seller / store.
You act as an intermediary for the seller / store. This low risk business model allows you to sell products without actually manipulating them. Just make sure the store is reputable before you sell their products.
9. Freelance service business
If you are good at something, you can start a business using these skills. Since you probably have the items you need for the job already available at home, you wouldn’t need a lot of money to start this business.
All you have to do is build your portfolio and find customers.
Indeed, there are many ways to start a business and make money even if you don’t have a lot of capital. As Henry Sy from SM used to say, “Think big, start small, but move fast!”