New year, new business! Let’s welcome 2024 with a new source of revenue!
But of course, we have to be smart about putting up a new business. So here are some of the business ideas that are expected to be profitable in the coming year!
- Food Delivery Service/Logistical Service
Food delivery is still gaining popularity, lalo na sa panahon ngayon na maraming tao ang mas pinipiling mag-order online. According to statistics, the food delivery industry is expected to have a 30% growth in 2024.
So whether may food business ka na or you just want to provide logistical delivery services, this is the year to start bringing goods to more customers!
- Online Retailing
Speaking of online, we can’t deny the rise of online shopping in the Philippines. Mula damit hanggang gadgets, sa online na hinahanap ng mga mamimili. The ecommerce industry is booming and you need to get in with the program for your businesses.
If you’re already selling products in stores, why not make it available online? Or if kulang pa sa puhunan para magtayo ng tindahan, why don’t you start with an online store? Gamitin ang mga online platform tulad ng Shopee, Lazada, o Facebook Marketplace para mas mapadali ang pag-aadvertise.
- Digital Marketing Services
And because almost everyone is shifting online, skills for digital marketing is in demand. Maraming small at medium enterprises ang naghahanap ng tulong para mapalago ang kanilang online visibility. So if you have the expertise or have the time to learn the ins and outs of popular social media platforms, you might as well make this a money-making venture.
Next year, maaaring maging matagumpay ang mga negosyo na nag-aalok ng social media management, search engine optimization, at iba pang serbisyong may kinalaman sa digital na marketing.
- Personal Finance Consulting
What if your skills are leaning towards budgeting and personal finance? You’d be surprised at how many people are in dire need of financial advice. Baka ang calling mo sa business mo ay magpalago ng other businesses through proper financial management.
Pwedeng maging financial consultant para sa personal finance or giving advice on savings, loans, and investment. If you feel a bit more confident about your skill, you can even turn this into a financial consultancy service for small businesses. Start with making online content on TikTok so that future customers can find you!
- Technology Support Services
Or maybe your skills are more IT-related. Maraming negosyo ang nangangailangan ng tulong para sa kanilang IT infrastructure. Providing tech support services or teaching basic tech knowledge would be a good business to venture in 2024 to service tech-savvy entrepreneurs. You can even expand this to provide in-demand tech hardware products and equipment.
On a related note, most schools are still doing hybrid setups. Kaya ang mga negosyo na nag-aalok ng educational technology solutions, tulad ng online tutorials, e-learning platforms or even an online school, ay may malaking potensyal na kitain sa 2024.
- Home Improvement Services
As real estate value is recently in an upswing again, many homeowners are looking at improving their properties. Home improvement services, tulad ng pagkukumpuni o pagpapaayos ng bahay o interior design, is expected to have a big demand next year.
So unleash your inner designer and stylist; make your artistry (and carpentry 😀) a source of income. Or you can simply open an online business selling home decor–pampaganda ng bahay, pampaganda ng kita mo na rin!
- Health and Wellness Products
As we still recover from the pandemic, health and wellness are still priorities for consumers. Mula sa organic na pagkain hanggang sa mga herbal na produkto, maraming tao ang naghahanap ng mga alternatibong paraan para mapanatili ang kanilang kalusugan.
It’s expected that businesses offering natural and organic alternatives, as well as spa and fitness centers, will boom next year. You can even start with teaching virtual wellness classes to get you going.
- Eco-Friendly Products
Demand for wellness doesn’t stop with personal health. Patok din ang pangangalaga ng kalikasan at kapaligiran. Ang negosyo na nag-aalok ng eco-friendly products, tulad ng reusable items or organic materials, ay maaaring magtagumpay sa pagtugon sa pangangailangan ng mga eco-conscious na mamimili.
You can start with reselling eco-friendly products you find abroad or mga local producers na wala pang established presence. Or, if you have a current business, offer a fresh set of your products and services that are eco-friendly to cater to that growing demand.
- Tourism and Travel Services
Revenge travel is still on. With the rise of tourism in the country, you can put up travel-related businesses like tour guiding, travel agency, or accommodation services.
You could start with curated travel itineraries online and start offering those services to potential travelers. If you’re ready for something big, invest in putting up your own tour agency or even in a property that you can turn into an Airbnb in popular tourist destinations.
As an archipelago that has rich agricultural potential, the Philippines will always be a good location for agribusiness ventures. Starting your own farm or providing connected services to the agri sector (like agritech, delivery, and online services) are expected to be smart moves in 2024.
Ayon sa Philippine Statistics Authority (PSA), the country’s total agricultural export reached USD 6.5 billion last year, showing a strong demand for our agriproducts. Hindi na lamang din limitado sa tradisyunal na pagsasaka ang agribusiness. Pwedeng mag-invest sa iba’t ibang kaugnay na negosyo tulad ng food processing, agri-tourism, at value-adding enterprises.
Pero siyempre, sa bawat negosyong itatayo, kailangan ng matinong paghahanda at pagpaplano. Let’s talk about how we can make a smart move for additional capital needs for your next venture this 2024!