Are you looking for the best business to start with 20K in the Philippines? If so, you have come to the right place! Today we will be diving into the best businesses to start with 20K capital in the Philippines.
It is an exciting time for Filipino entrepreneurs as the Philippines economy is developing fast. The good news is that there are a lot of new opportunities opening up every day. This included many new businesses to start with 20K pesos. Let us take a closer look at five of these business ideas.
Best Business To Start With 20k In The Philippines
5. Freelance Writing Business
Due to the easy access to the Internet, there are a lot of income opportunities for freelancers that appear all across the Philippines. The freelance writing business is one of these opportunities.
This could be a great business for some because you may have the option to work anywhere in the world and, at the same time, build your wealth. A freelance writer may need to work on several projects at once and may have deadlines; however, some clients will be flexible in the workload, which can be an advantage. So how can you start?
How To Set Up A Freelance Writing Business?
Online Profile: Your profile describes who you are as a freelance writer and how your skills can be an advantage for your future client. Most often, these online profiles take the form of social media pages.
Below are some ways to improve your online profile:
- Indicating Your Specialization Or Niche
- Being Free From Grammatical Errors
- Showing Applicable Experience / Credentials
- Have A Call To Action / Contact Details
Online Portfolio: An online portfolio usually takes the form of a website. This is an incredibly powerful tool for a freelance writer or anyone who is looking for the best business to start with 20K in the Philippines. This is where clients often base their first impression. First, it is always wise to determine your niche. This will allow you to focus on your ideal clients and even market to them if your budget allows for this.
A simple WordPress or Wix website is best. Keeping the design clean and easily readable often works well. This step is optional; however, this will give you and your freelance writing business that professional edge (which can make all the difference against your competition.
Follow up (Optional): After networking and building connections, there may be a period of rest while you wait to hear back from your clients. It is often a good idea to send a friendly message to the client as a follow-up. This will show interest, but it is best not to overdo this, as it can come across unprofessional and desperate.
What Skills Are Needed?
- Writing skills
- Computer skills
- Research skills
- Content management skills
- Negotiation skills
Costs And Equipment
Often the price to set up a freelancing writing business in the Philippines depends on the equipment and location. Below is a small breakdown of estimated costs.
- WordPress Or Blogger (Free Version) – FREE
- Laptop– P15,000
- Smartphone For Contacting Clients– P2,000-P3,000
- Internet Connection-P700- P1,500
ESTIMATED TOTAL= P19,500
4. Vlogging
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This is another great business to start with 20K in the Philippines. Vlogging lets you take advantage of the Internet and the compounding law. Although fame and success on the Internet do not typically happen overnight, there are many advantages to this business. One is that YouTube and other Vlogging platforms have an increasing amount of traffic each day.
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From the statistics of YouTube, we can see that In a month, 62 million hours are spent watching youtube videos. The key takeaway from this is where there is traffic; there is also an opportunity to earn wealth.
A vlog could make you more relatable and trustworthy to your viewers. This is needed as a loyal audience is more likely to purchase your products or buy your recommendations. Lastly, from information provided by Backlinko.com, you could get a higher search result by becoming a vlogger and linking your channels to your website.
How To Set Up A Vlogging Business?
Branding: After familiarizing yourself with video platforms, you can start asking, “What do I want to be known for?” In this business, it is wise for vloggers to determine the category they want and strategize how best to market themselves.
Commitment: When you decide that you want to vlog, commitment is highly important similar to other kinds of businesses. You can do this by being consistent with your schedule and/or setting time apart each week for your videos. After uploading a couple of videos, you could study statistics from your target audience. Most platforms will give its creators statics about the viewers, watch time, and average drops. This Is very useful as you could change your commitment schedule to match when your audience is most active to reach maximum views, for example.
Equipment: Your equipment does not need to be expensive or the best, but it does need to be clear (Including clear video, clear audio, no feedback, etc.). Often a simple iPhone / Andriod and a phone stand work wonders. An option will be to invest in a reliable microphone, which can often be purchased from Shopee or Lazada for 500-1500+ pesos.
What Are The Skills Needed?
- Marketing Skills
- Video Editing Skills
- Research Skills
- Overall Digital Skills
- Social Media Skills
Costs And Equipment
As mentioned, the vlogging equipment must meet the production needs. It can often seem a little pricey, but it can be a good investment as per statics; it appears that Vlogging Is one of the best businesses to start with 20K in the Philippines.
- Camera- P6,000-P14,000
- Microphone- P800-P1,500
- Support- P1,000
- Lighting-P500-P1,000
- Editing Software- P2,000
ESTIMATED TOTAL = P10,300 – P19,500
3. Small Food Cart Business
Food cart businesses thrive in the Philippines because it is often easy to set-up compared to other businesses. Small capital is often needed, and there is a possibility to start earning pesos from day one. Many young and aspiring Filipino entrepreneurs are looking to set up a food cart business in the Philippines.
Are you looking to start your own food cart business in the Philippines? Check our exclusive full guide, including the essential steps and requirements!
This business can be expanded, and as there are many franchising companies across the Philippines that are doing this right now. Many companies are also offering this business model, and therefore it is quickly becoming the hottest best business to start with 20K in the Philippines
How To Set Up A Small Food Cart Business?
Good Concept And Product: The concept should always match the products sold. Customers will often be curious to try ( especially if it’s a new concept), but if the product is below par, they may not return. Therefore, making sure that you have consistent quality products will ensure that your business will be successful.
Location: Your food cart should be visibly located where there is a lot of foot traffic. Even if you plan to put it up in front of your house, it will be great to assess the number of people passing by and check if these people fit your target market.
Operations: Installing an efficient operating system is more crucial in this kind of business because there is limited space. You can strategize how to store your products and prepare them adequately with the space available. Check out our full guide for more information.
Suppliers And Employees: Trustworthy & reliable Suppliers are key to business success. Therefore, it will help to organize and set aside time to work with your suppliers. It is important to note that if this business is set up via franchising, the supplier may be fixed. Employees are equally as crucial to a food cart business in the Philippines as suppliers. Therefore, carefulness is needed in selection. Practical training will help your team and your business overall. Now that we have covered a few key points, what skills are required for this business?
What Skills Are Needed?
- Management Skills
- Customer Service Skills
- Food Sanitation And Storage
- Knowledge Of Strategic Pricing
Costs And Equipment
When setting up a food cart business in the Philippines, you have two options. You could either franchise or set up your own food cart business. Setting up your own food cart business could cost over the maximum capital of today’s article of 20K. However, if you decide to franchise, you could find food cart companies offering this business for less than 20K. You can check out Levy’s Food Cart for one. They offer a food cart franchise for as low as P17,500.
It is always best to carefully think about this option and financially see if these options are profitable for your location. There may also be extra fees and costs involved, so it is critical to obtain all information before diving into this business.
- Small Collapsible food cart (36x17x72)- P8,000
- Cooking equipment- P8,000 – P12,000
- Products- P4,000-P10,000
- Friancing – Various
ESTIMATED TOTAL= P 20,000 + (Often Various)
2. Lazada Seller
If you want to sell a product that you think will make it big online, then you could head over to Lazada because this online marketplace is currently booming. Selling on Lazada could be a good business opening, as this is currently the leading online shopping platform in the Philippines. Lazada has thousands of online customers every day and that number is continuously growing.
Lazada often has special events and deals that are attracting more customers to its platform. As we mentioned earlier, where there is traffic, there is an opportunity to build wealth.
For those who keep an eye on their capital, Lazada is a great business to start with 20K pesos in the Philippines because there is no registration fee. But how can you start and become a Lazada seller?
How To Be A Lazada Seller?
Register: After all, the needed documents for registration are prepared, you can register for an account at Lazada Seller Center by filling out the form from the website or app. Taking clear photos of the documents that need to be submitted and the bank information for payments are next. A week is needed for the application to be processed. Lazada will send an email or call when the account is verified.
Products: For new online sellers, Lazada requires at least five products to be sold. There are also restrictions on the items. Some items that cannot be sold are gambling items, pirated software, and weapons. To upload products, sellers go to the Lazada Seller Center website and log in. They click “Add Products” and type in the details. There is an option to upload individually or by batch.
Managing: On the Seller Center, you can manage your store. You can see the performance and make some adjustments using the seller tools feature. Click “Business Advisor” to access your dashboard.
Shipping: When you have an order, the item has to be packed, scheduled for pick up by Lazada, and the seller waits for the parcel to be delivered. To check if there are any pending orders, sellers can click “Orders” then “Forward Orders” and tap “Pending.”
Payments: Payments for your products will be paid weekly to the bank account you registered. You can access your account statement from the website or app.
What Skills Are Needed?
- E-Commerce Experience Or Training
- Familiarization Of Lazada And Your Market
- Branding / Marketing Skills
- Customer Service Skills
Costs And Equipment
Lazada is excellent for first-time store owners since sellers can start a business for as low as 10K pesos (needed for products and equipment). Lazada, its self, is essentially free as they make their money through a commission once your items sell.
- Smartphone / Camera – P10,000 +
- Internet connection- P700-P1,500
- Products- P5,000 +
ESTIMATED TOTAL= P16,500 +
1. Cleaning Business
On our list of businesses to start with 20K in the Philippines comes the accessible cleaning business. This is recommended for those who would like a part-time business (side hustle) or those who are looking to hire and grow this business. The reason this is mentioned is that this is often viewed as a business that can not be expanded, but in reality, there is room for growth in this industry.
This service is often in-demand. There are also lots of possibilities to speak to business customers and offer a special B2B (business to business) agreements. This can include; call centres, small hotels, cafes, etc.
How To Set Up A Cleaning Business?
Starting Small: You can start building this business gradually. The good thing about starting up your own cleaning business in the Philippines is that you do not need an office. Most often whats needed at the start is transportation and equipment which is mentioned below.
Business Name: For your business to stand out, choosing a name that is different from other cleaning businesses in your area is important. Aside from being unique, you can avoid conflict with other cleaning businesses.
Cleaning Tools, Supplies, And Vehicles: Owning a vehicle is essential when starting a cleaning business in the Philippines. Rental options can keep costs down short term but maybe more experience long-term. Suppliers can also be purchased cheaper from sites such as Lazada or from China (there is often import tax on these items). It is best to buy industrial equipment as this is made especially for long-term cleaning use, and equipment purchased from malls/stores may break within a few months.
Rates And Marketing: You can decide on your rates by comparing it with other cleaning businesses. Charging per hour or for the type of cleaning you do is also an option. The service advertisement can be done by giving out cards in stores, or creating a social media presence is enough for starters. Outsourcing is recommended if your budget allows for this. Often the marketing costs are cheaper locally than nationally. Therefore you may find a valuable marketing agent/business that brings in high returns and essential pays for themselves.
Employees: Employees or helpers are not mandatory when your business is just getting set up. Instead, you could make a list of people to contact when you need extra hands. Getting assistance only when you need it may help you manage your expenses early on.
What Skills Are Needed?
- Knowledge Of Necessary Cleaning And Cleaning Technology
- Marketing Skills
- Communication Skills
- Brand Establishment
- Social Media Use
- Local knowledge
Costs And Supplies
You could save a lot with a cleaning business since there is no need to rent an office. Therefore, this could speed up the waiting time to establish the business. Below we have a list of some necessary equipment needed. Please note this breakdown does not include costs for transport and gasoline as this may be various; therefore, adding 5-10K onto the estimate may be appropriate.
- Smartphone For Contacting Clients- P2,000-P3,000
- Big Cleaning Sponges (Set Of 4)- P126
- Glass Wiper- P104
- Hair/Lint/Dust Remover- P129
- Dustpan And Broom Set- P280
- Microfiber Duster- P164
- Microfiber Cleaning Cloth- P25 Each
- Glass Cleaning Cloth- P100 Each
- Cleaning Brush With Handle- P200
- Mop With Bucket- P500
- Cleaning Gloves-P120
- Heavy-Duty Cleaning Caddy- P850
- Multi-Purpose Cleaner (For Appliances, Counters, Desks, Floors, And Walls)- P167 Per Bottle
- Disinfectant (For Kitchen Surfaces And Bathrooms)- P630 Per Spray Can
- Glass And Window Cleaner (For Mirrors, Glass, And Windows)- P130 Per Spray Bottle
- Air Freshener- P200
- Heavy-Duty Detergent- P570
- Toilet Cleaner- P240
- Dishwashing Liquid (For Stovetops, And Refrigerator)- P150
- Wood Cleaner- P200
- Cleaning Uniform- P500
ESTIMATED TOTAL= P7,310 +
Looking for more ideas? Take a look at our full list of over 140+ business ideas for the Philippines!
20K Business Idea Philippines: Bonus Business Tips
When looking at the best business to start with 20K in the Philippines, it is always wise to do the maths. It is an exciting time when you have found that one perfect idea, but making sure you go entirely over the maths will help you in building your 20K business in the Philippines.
Secondly, Many of the costs today can be higher or lower. This depends ultimately on the quality. In modern time’s customers want the best. They would rather watch a video with excellent sound quality than poor quality, for example. If the conditions affect your business, then it should be a priority to investigate as low quality could eat away at your profits.
Lastly, its important to always have an income no matter what. Therefore, many entrepreneurs work two jobs and pump their additional revenue into the new business. HOWEVER, it also essential not to become a workaholic because this can damage your health, but it can also damage your wealth and your business.
In other words, you are an essential part of your business. Taking a break and spending time with your loved ones can prevent much pressure on yourself. You are the V.I.P.
Businesses 20K Philippines: Conclusion
What is the best business to start with 20K in the Philippines? From our list, we can see five great businesses to start for 20K pesos or less. The good news is there are many which we have spoken about previously.
There are many businesses in the Philippines that can be set up with very little capital, thanks to the type of tasks involved and technologies such as the Internet. With any business, there will always be fees and maintenance costs so it is wise to keep a set amount of capital back for a rainy day.
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