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Any thoughts on the best business to start in Philippines

Discuss issues related to business, finance, taxes, investments, cost of living in different countries, etc.

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zacb
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Any thoughts on the best business to start in Philippines

Post by zacb » March 3rd, 2013, 3:16 pm

Maybe a fast cash type place, rentals, vending/amusement, or what? Any ideas?
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Taco
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Post by Taco » March 3rd, 2013, 3:44 pm

The fundamental problem with doing any kind of business in the Philippines is that most Filipinos have no money. As a result, your best option is to sell a product or service online with middle class Filipinos and other foreigners as your primary customers. Keep in mind that about 80% of retail purchases are made by women. To answer your question, I'm not really sure what the most profitable business is for the Philippines. You can go to ebay Philippines and get some ideas on what products sell well and what doesn't. Also, the cost of labor here is very cheap so its a good place to set up a small scale manufacturing business.

zacb
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Post by zacb » March 3rd, 2013, 3:53 pm

I was thinking about buying up some cheap rentals, but I am kind of iffy on this. I also though maybe one of those fast cash type places might do well, buy I am deliberating.
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Maker55
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Post by Maker55 » March 4th, 2013, 1:13 pm

Here is a book about buying, selling, renting and leasing property in the Philippines:

You're where you're at in life because of your thoughts.

What you think about the most is what you will eventually manifest in your life.

Maker55
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Post by Maker55 » March 4th, 2013, 1:14 pm

Here is a book with business models to help you make a living in the Philippines:

You're where you're at in life because of your thoughts.

What you think about the most is what you will eventually manifest in your life.

Jester
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Post by Jester » March 4th, 2013, 11:51 pm

Taco wrote:Also, the cost of labor here is very cheap so its a good place to set up a small scale manufacturing business.
Been thinking about this.

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xiongmao
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Post by xiongmao » March 5th, 2013, 1:07 am

Build apartment building... fill it with tenants.

Everyone needs somewhere to live.
I quit my boring cubicle slave job and now I'm Happier Abroad...
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