Candid Clothing is supplying me with cloth face masks made from upcycled fabric which I will then be donating to the jeepney and tricycle drivers, “If you have an idea, just go for it! The Philippines entered into recession last August wherein the country’s gross domestic product (GDP) growth rate declined by 16.5% in the second quarter of 2020, which was the lowest recorded quarterly growth since 1981, according to the Philippine Statistics Authority. Small Business Ideas for Pinoys With Small Capital 1. budget to hire a photographer or food stylist. Little by little I would receive inquiries on Instagram even prior to announcing that I can finally start accepting orders. Nothing beats doing what you love, and earning from it!”, CelebrityGreetings.PH, a celebrity video shoutout booking website for local celebs, “We’ve always wanted to try this business out for years already, but we didn't have the guts and the time to start it. I’m also an aspiring makeup artist and I love how Lash Party lets me discover and connect with a lot of amazing artists and creatives. Another difference is of course, the time. 61% of small-medium businesses (SMB) in Asia Pacific have reported a fall in sales due to the Covid-19 pandemic. As an entrepreneur, if you understand and adapt to your challenges, you could start a thriving business during this pandemic. I started second-guessing if now is still a good time to sell my products and whether there would even be a market to engage. It's still a work in progress for us. “Just go for it! Online Business in Philippines. Nothing beats doing what you love, and earning from it!”, Business: CelebrityGreetings.PH, a celebrity video shoutout booking website for local celebs, Why she started her business: “We’ve always wanted to try this business out for years already, but we didn't have the guts and the time to start it. I was starting to feel discouraged. On top of my personal experience, I also heard different stories from other women about their period problems. Under the HK$20 billion SME Financing Guarantee Scheme (SFGS), small businesses in Hong Kong are granted faster access to loans that are fully guaranteed by the Hong Kong government. At the time, it was for extra funds for my dogs’ veterinary care (surgeries, cancer, general maintenance), and a productive break from the rigors of being a makeup artist.”, How different is it from your job as a makeup artist? Let us discuss the different useful and profitable product business ideas in the pandemic period. I’m used to talking to strangers with my original job, but when talking to our customers, I realize I’ve adapted a certain tone and manner of speaking: -customer service, bubbly and sweet to match the homemade branding. You should be proud that if you need extra money, you’re willing to work for it. A lot of industries were greatly affected, meaning a lot of careers and jobs were lost. My mom helps me a lot by baking the cookies before she goes to work and I prepare the pandesal before I clock in, but with the number of orders I’ve been getting, it’s become really tiring na. With this, I have my own time. I love the relationship that I am building with my consumers and I think helping them explore their self-expression through makeup and my products has made my career shift meaningful.”, What’s your advice for Pinays who want to shift careers or start side hustles and small businesses now? From freelancing, food & beverage, consulting, retail, rental, personal and business services, up to home-based business opportunities - we've got you covered! Back in my corporate job, I had to work from 8-6, from Monday to Saturday. They understand that customer behaviors and needs will change. Sari-Sari Store. Plus, Emilia also helps feed my cats! I actually launched BARE back in 2017, but I wasn’t able to sustain and grow the business then because I was doing it alone. With a goal to help Filipinos lead healthier financial lives, Moneymax regularly publishes tips and tricks on personal finance and lifestyle, among many other topics. So I'm really glad about that one. To provide working capital for SMEs, Austria, Croatia, and the Czech Republic have introduced specific COVID-19 loan funds. In 2020 when we live and work in strange times of global pandemic opening a new business may seem even scarier. If you have a friend who has a packaging business, consider teaming up with her so you can both benefit from your venture.”, Virtual Assistant Services and Social Media Management, “It was actually pretty random! In the Philippines, the enhanced community quarantine, done as a response to mitigate the spread of the COVID-19 pandemic has brought economic activity to a standstill. Before, I would hustle just to find ways to treat myself while not compromising my obligations. With the help of my family and friends I composed myself and started with baby steps. Lots of riders also took advantage of the low supply and high demand of delivery that they would charge a lot higher, so it was extra difficult to find riders who would take it for the price based on the delivery apps since that’s what we charge our customers. And we really went into overdrive on redecorating when the pandemic hit so it's not really surprising that our quarantine baby is Emilia.” - Nicole, “Emilia really did help us to cope with feelings of anxiety and disenfranchisement. My wedding industry job is at an all time low and all my hobbies require going out so this project motivates me everyday to get up, work hard and stop feeling down despite the difficult situation we're in. T he shock and fear in society will remain long after the pandemic ends. “I have no business experience or background. 20 Small Business Ideas in the Philippines for 2020. If you’re spiritual, pray about it... A LOT. To choose the right business idea, you have to factor in your passion, skills, experience, and the current demand in the market. By continued use, you agree to our privacy policy and accept our use of such cookies. But I continued to work on my vision. None of the suppliers were replying, stores still hadn’t figured out their SOP for online orders yet, so it was really such a hassle to find everything I needed. As an entrepreneur, if you understand and adapt to your challenges, you could start a thriving business during this pandemic. We're happy that Emilia gets to help our, deeply affected by the pandemic even just in a small way.” - Janelle, “Just go for it! With the help of my family and friends I composed myself and started with baby steps. Rest when you need to but don’t give up. When I joined, it was already set up as a company.”, “It's not a common concept here in the PH and we could only present and send proposals online so I think a lot of people thought it was a scam at first, haha! Living in abundance was always the goal, but with everything that’s been happening, it made me see the importance of being satisfied and content with what I have. Also I get to spend more time with my loved ones since I'm just at home.”, What’s your advice for Pinays who want to shift careers or start side hustles and small businesses now? Restaurant Business Without adequate access to finance, it may be challenging for SMEs to pay or keep their workers and maintain operations. When the COVID-19 pandemic hit the world this year, we all had to make major changes in our lives. ‘What would make BARE stand out?’ Another one was navigating through this pandemic. Why she started her business: “Even before the pandemic, I’ve been selling cookies on the side to a small network of customers and two establishments. Setting up this type of business is relatively easy as you can put up your own store in front of your house. A percentage of the profit we earn from it will be given to those most affected by the pandemic, like. Living in abundance was always the goal, but with everything that’s been happening, it made me see the importance of being satisfied and content with what I have. MANILA - Some 30 percent of businesses in the Philippines have closed since the COVID-19 pandemic hit, the Department of Trade and Industry said Thursday. When COVID-19 was classified a pandemic earlier this year and governments started to impose lockdowns and quarantines, we knew that small businesses would struggle to stay open. While there are many COVID-inspired business ideas sprouting in the business world today, there are many ways "traditional" businesses can be adapted during COVID-19. It is crucial to have a quick response and to cast a wider net of coverage to reach more SMEs that are in dire need of capital, especially during this time of crisis. We had to learn using social media for business, properly communicating with customers that were 100 percent strangers, creating content, and at the same doing all the baking from scratch, sourcing ingredients from new suppliers because our regulars were also shorthanded with the crisis, scheduling and booking deliveries at the height of quarantine. PHOTO: (LEFT) Courtesy of Nicole Tejano and Janelle Inojales; (RIGHT) Courtesy of Nicole Ceballos, “Even before the pandemic, I’ve been selling cookies on the side to a small network of customers and two establishments. It’s scary at first, but what isn’t?”. The award-winning chef and talk show host Robert Irvine said in an interview with Fox News that the biggest problem restaurants are going to face will be customer confidence. I don’t do well with numbers but I had to learn how to do costing, profits and losses. The lockdown, however, gave me the chance to push through with my long overdue passion project: My cosmetic lash line. Because our cookies are freshly baked, they need to be sent out within the day no matter what. To survive the COVID-19 crisis, the ILO recommended that SMEs need better access to finance and working capital to help with their short-term cash flow. I had to really believe in myself and my reasons for doing it in the first place. We don't really know when the wedding industry will be back, so we managed to launch the website in June.”, “We know mall shows, meet and greets, and live events are all paused now, so we thought it would be a good time to launch an avenue where personalities and their supporters can create more personal connections online.”, How different is this business from your old job? I almost quit Emilia because it was taking a toll on my mental health but Nicole swooped in and saved the day. “It was a bit hard communicating with my clients at first. Now that Minikkins has grown, the new challenge I’m facing now is managing my time. 1. While some are scared senseless others are already devising plans for the future. Look for groups on Facebook and Viber for supplies, materials, ingredients, and even couriers. Ice-cold milk teas, coffees, and fruit drinks are a hit during summer, but can be sold all year round. As an employee, your KPI’s, targets, etc. I never would’ve known it was worthy to be put on display in a coffee shop, and little did I know it would save me from unemployment and its mental and emotional repercussions during this pandemic. Here are 11 pandemic-friendly business ideas to consider. I didn’t even know where to start with little to zero resources at that time. The financial aspect of marketing can't be ignored. That's why she and I make such a great team.” - Janelle, “For me, it's our partnership with #TaraTulongTayo of @tara.baraha! Take time to learn your passion and skills, and make money from it! Most of them promised that they could deliver by mid-January but COVID-19 started spreading so fast. Yes prepare but also, don’t overthink it.”, Why she started her business: “Baking has always been my passion and people have always pushed me to sell my cookies. It sure made my life slow down a bit and appreciate so many things that life has to offer aside from flying while still getting to interact with customers.”. List of 20 Top Business Ideas in the Pandemic Period 1. Sourcing ingredients was so difficult! During the 2008 to 2009 recession in the US, SMEs accounted for 62% of net job losses. Whether or not you need the money, if you want to add a side hustle, go for it. You have an idea? It’s scary at first, but what isn’t?”. Yes prepare but also, don’t overthink it.”, “Baking has always been my passion and people have always pushed me to sell my cookies. I had to relearn everything I knew about photography, and scour my brain for memories of watching my friends do product and digital content shoots because wala naman kaming budget to hire a photographer or food stylist. Businesses now large firms are more resilient than MSMEs in times of global pandemic opening a business! Grown, the new challenge I ’ ve had a difficult time with long. 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