15 Profitable Business Ideas You Can Start at Home

Published: July 29, 2020 | Updated: July 31, 2020 | Posted by: Moneymax | Personal Finance


Business Ideas You Can Start at Home | Moneymax

For some of us, a nine-to-five office job is just a means to an end, with being our own boss as the goal. More and more people are working freelance and starting their own businesses. In fact, as of 2018, 2% of the Filipino population are freelancers[1]. Small enterprises also take up over 9% of the total businesses in the country. This number is greater if you factor in those who use social media as an e-commerce avenue.

Owning a small business, especially one that you run at the comfort of your home, can be quite challenging. You have to consider your skills, capital, and target market before starting a business. To get a jumpstart on your dream of being your own boss, here are 15 profitable business ideas you can start at home:

Profitable Business Ideas to Start at Home

1. Sari-Sari Store

Starting Capital: PHP 3,000 to PHP 5,000

Business Ideas You Can Start at Home - Sari-Sari Store

Opening a sari-sari store isn’t a brand new business idea. This quaint shop that sells almost everything—from laundry detergents to favorite snacks—has been part of our daily lives for a long time. It’s one of the most profitable business ideas to consider if you have the space for a small store in your home.

For only a few thousand pesos, you can have your sari-sari store up and running. You can also earn as much as PHP 15,000 daily, depending on your location. If you manage your home-based sari-sari store well, you can grow it into a bigger grocery store and make a bigger profit.

2. Merienda Business

Starting Capital: PHP 2,000 to PHP 5,000

This business idea requires PHP 2,000 – PHP 5,000 as an investment. You can also set up shop just outside of your home, with your neighbors as your target market.

With a merienda business, you can sell a variety of food, ranging from almusal favorites to afternoon snacks. You can sell lugaw, palabok, puto, biko, fishballs, kwek-kwek, banana-cue, and other Pinoy favorites. If you’re in a good location, this business idea can definitely be profitable.

3. Online Selling

Starting Capital: PHP 5,000 to PHP 10,000

Business Ideas You Can Start at Home - Online Selling

Thanks to the internet, you can make a profit even at home. It’s easy to find customers and sell products online these days. You can sell anything from clothes to hair products on social media and e-commerce marketplaces such as Lazada, Shopee, and Carousell.

This business idea requires only a few thousand pesos as capital. What you would need are a computer, internet connection, an online selling platform, and products to sell—all of which you can set up at home.

Online selling is a profitable business idea at home that is perfect for first-time entrepreneurs. To maximize your profits, you can buy products in bulk at cheap prices from reliable and legitimate suppliers and then resell them online.

Read more: How to Be a Shopee or Lazada Online Seller

4. E-loading Business

Starting Capital: PHP 5,000 to PHP 7,000

For as low as PHP 5,000, you can start an e-loading business at your home. All you need is a basic phone, retailer SIM card, and a starting balance of PHP 5,000. Your e-loading business can also be paired up with other profitable business ideas such as a sari-sari store or bills payment business.

As a load retailer, you will earn through commissions of around 3% to 13% per transaction. It may not be a lot, but it’s a good supplemental business idea if you’re not ready to quit your full time job or already has an established home-based business.

5. Baking Business

Starting Capital: PHP 3,000 to PHP 40,000

Business Ideas You Can Start at Home - Baking Business

Do you have a sweet tooth and a love for pastry? You can turn this passion into a profitable business. If you enjoy baking, even if it can be time-consuming, you can start a baking business at home. Assuming you already have the equipment, you can open shop for only PHP 3,000 to PHP 5,000. This capital can go as high as PHP 50,000 if you still need to invest in baking equipment.

You can offer cupcakes, pandesal, cakes, and other pastry delights. You can also accept custom orders for various celebrations. Don’t forget to set up a Facebook or Instagram page to advertise your business online.

6. Online Tutoring

Starting Capital: PHP 2,000 to PHP 25,000

If you love kids and enjoy studying, why not pair the two together and start online tutoring? If you already have a laptop and a trusty internet connection, you can give this business idea a go. A budget of PHP 2,000 is all you need to start your online tutoring business.

This home-based business idea is not exclusive to just teaching kids or teaching academic lessons. You can also offer music and art lessons for budding enthusiasts. Set up a Zoom or Skype account and advertise your business using social media groups to gain customers. If you are a licensed teacher, you can advertise this as well. You can offer one-on-one or group classes and charge accordingly.

7. Graphic Design Business

Starting Capital: PHP 20,000 to PHP 70,000

Assuming you have the skills needed, this business idea requires a budget of PHP 70,000 for design software, a computer, and a graphic tablet.

You can offer graphic design services to influencers and vloggers in the comfort of your home. In addition, you can cater to local and foreign startup businesses who need graphic design services. You can also accept custom print order or design commissions for clients who want a one-of-kind design.

Save money on credit card bills!

8. Bills Payment Business

Starting Capital: PHP 5,000 to PHP 45,000

Most people don’t like spending their entire day falling in line just to pay their electric and water bills. A bills payment center is a great home-based business idea that is not only profitable but also solves customers’ biggest woes.

The startup cost for this business ranges from PHP 5,000 to PHP 45,000. You also need to invest in a Point-of-Sale (POS) device. You can offer bills payments, remittance, and e-loading and earn up to PHP 10,000 monthly.

Read more: Guide to Bills Payment Centers in the Philippines

9. Tailoring Services

Starting Capital: PHP 5,000 to PHP 25,000

Armed with a sturdy sewing machine, you can start a tailoring services business at home. You can offer tailor-fit clothes and alteration services for fashion-savvy customers. Aside from clothes, you can also make bed sheets, curtains, and floor mats.

The capital for this business ranges from PHP 5,000 to PHP 25,000. You also need to have sewing skills for this to work. It requires a lot of patience and attention to detail, but this is one of the business ideas you can start if you have an eye for fashion.

10. Digital Marketing Agency

Starting Capital: PHP 4,000 to PHP 15,000

Business Ideas You Can Start at Home - Digital Marketing Agency

If you are a professional digital marketer who wants to quit their office job, you can start your own digital marketing business at home. These days, digital marketers are in demand to manage a company’s online marketing strategy.

If you have the skills and experience, you may only need a capital of about PHP 4,000 and earn as much as PHP 70,000 a month. Obviously, you will need a computer and internet connection for this business idea.

You can start a digital marketing business on your own and once it has grown, you can tap other professionals to join your team. You can also expand your service offerings to content marketing, SEM, and graphic design.

11. Homemade Products Business

Starting Capital: PHP 3,000 to PHP 5,000

This business idea requires a capital of only PHP 3,000 to PHP 5,000. You can sell your famous kare-kare online or make homemade milk teas with different flavors. Meals (good for two) can be sold for up to PHP 250, while homemade drinks sell for around PHP 120 for a 500 ml bottle.

To ensure that the food you make won’t go to waste, you can only cook meals on a made-to-order basis. You can do this for drinks as well.

Other homemade products you can sell are soaps, sandwich spreads, candles, and perfumes. The starting capital for these products may vary, and you may need additional skills to make them.

Read more: 25 Small Business Ideas You Can Start with Low Capital

12. Rice Retailing or Bigasan

Starting Capital: PHP 75,000 to PHP 120,000

Rice is a staple in every Filipino meal, so you would always have customers. This business idea requires a capital of PHP 75,000 to PHP 120,000. You also need to get a license from the National Food Authority (NFA) and secure necessary government registration and permits.

You can have a stand-alone bigasan at home or as part of your sari-sari store. If you’re located in an area with high foot traffic, you can earn as much as PHP 5,000 a week from your bigasan. However, you have to always monitor your rice supply as it can spoil easily and lose its quality within three months.

13. Blogging

Starting Capital: PHP 2,000 to PHP 5,000

If you have a knack for writing and want to turn talking about your hobby into something profitable, why not consider becoming a professional blogger? This profitable business idea is easy and affordable to start. It is also a good way to earn a passive income.

For PHP 2,000, you can get a web hosting plan and personal domain name for your blog. You can monetize your blog through brand partnerships, sponsored posts, and Google Adsense. However, it takes patience and time before you can make a profit from blogging. You need to have solid research and writing skills as well as knowledge in building traffic, personal brand, and networking to have a successful blog.

Remember that you need to stand out when starting a blog. With so many influencers and vloggers monetizing their reach and skills, you have to put your best work every time.

14. Accessories Business

Starting Capital: PHP 10,000 to PHP 15,000

You can combine your love for fashion and creativity with an accessories business. You can sell handmade pieces such as earrings, necklaces, and bracelets that cater to almost everyone. Other accessories you can offer are wallets, bags, and phone pouches.

For this home-based business idea, PHP 10,000 is a good starting capital, but it can increase depending on factors such as expensive materials. Using leather can raise your starting capital to PHP 30,000. This initial amount covers materials, overhead costs, and website design for your online shop.

15. Writing Services

Starting Capital: PHP 1,000 to PHP 25,000

This is one of the business ideas perfect for budding and professional writers alike. Be it writing online articles or the next Harry Potter saga, there are numerous ways to generate income through writing. PHP 20,000 will get you a standard laptop, and you can type away on Microsoft Word.

You can look for writing gigs on Upwork, Elance, and Freelancer. You can also write your own full-length novel, and either be a ghostwriter or a self-publisher—all without leaving your home.

Of course, if you want to self-publish, there are additional costs such as book design fees, marketing, promotional expenses, and editing services. This is one of the good business ideas for creative writers at home.

Final Thoughts

These profitable business ideas are just a few suggestions if you want to become an entrepreneur. The best profitable business ideas at home still depends on what you’re passionate about and the available market for it.

Get the right loan for any purpose.

Source: [1] Freelancing taking root in the Philippines – study (Schnable, Rappler, 2018)