Any thoughts on the best business to start in Philippines

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

Maybe a fast cash type place, rentals, vending/amusement, or what? Any ideas?

Taco · 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 · 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.

Maker55 · Post by **Maker55** » March 4th, 2013, 1:13 pm

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

Maker55 · 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:

Jester · 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.

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

Build apartment building... fill it with tenants.

Everyone needs somewhere to live.