Is the salary from your regular job not enough to sustain the needs of your family? Creating another source of income especially for 2018 may be what you need right now. Check out these 20 Business Ideas for Pinoys, one or two of these sidelines recommendations may work well with you.
You don’t have to resign from your current job to do any of these sideline suggestions, just allocate a few hours each day to work on your future income-generating venture. Sure, it’s tough to start and when you get things rolling, you’ll be busy, but that is the sacrifice you have to make to create a better future for yourself and that of your family.
GO FOR EXTRA SOURCE OF INCOME – Have a sideline!
A good portion of the working class in the Philippines often thinks of ways to have extra money coming in apart from the salary they get from their regular nine-to-five jobs. To have an extra source of income, or what is popularly called a “sideline”.
While a certain percentage of Filipinos give up their regular jobs to pursue their own business or go home-base, in a full-time capacity, there is still a bigger portion of Filipinos who opt to keep their day jobs because of the benefits and stability.
Today may be the best time to seriously consider putting up a business or engage in a sideline. 2018 is coming up, an extra income source starting next year wouldn’t hurt. You can even do it earlier, like right now.
Most financial advisor would advise that having multiple income streams is the best way to go to make sure the future is brighter. iSensey have listed here 20 of the Best Business Ideas and Sidelines suggestions you can venture in, if you are one of those Filipinos who choose to keep their full-time jobs, but also want to earn extra money on the side.
- Offer Coaching based on your expertise
If you are really good in something, offer a workshop or a one on one coaching to start.
Example: Your calligraphy skills is kick-ass, feature your work on Instagram, and then when you start to have followers, starts offering a one on one coaching for a fee. This one-on-one coaching can become a full-fledge workshop in the future.
Another example: You make awesome crafts that even children can do, let your officemates and friends know you offer coaching to help their young ones learn a new skill or tap into hidden talent.
- Wedding Invitations, souvenirs, place cards, etc
Wedding is BIG BUSINESS. In every step of a wedding from planning to actual event is brimming with opportunities for an enterprising individual. You can offer to create and print wedding invitations, souvenirs, and even offer to make special place cards if you are good in calligraphy or painting.
- Buying and Selling via Online Shop or Store
Popular online stores like Lazada, Shopee, and OLX, to mention a few, provide free membership to people who would like to sell their products via their respective platforms.
Buy and Sell because even with buying these days, there is an income opportunity. A good example would be Shopee. When you set up an account with them, the purchases you make within Shopee earn you coins that can be used for your other purchases later on.
You can also source your goods from Divisoria and then resell this at a mark-up in your online store or FB page. There are many Pinoys who found fortune following this business model, they focused on online selling bags, watches, dresses, and more.
Electronic loading has been in business for quite some time now, however note that the profit margin here is minimal, but then again, this is another source of income no matter how small. Who knows, you may become the main source of loads in the office or even your whole department or company, the minimal profit will become big. The potential is there!
You may also go for eloading PLUS added services. In the Philippines there are several e-loading businesses that is integrated with other service. Example: An integrated e-loading business that can load prepaid credits to cell phone, loads credits to gaming cards, internet and the like. LoadExtreme is an example.
- Soap Making
The soap making industry has proven time and again that there is a lot of money you can make out of making soap and selling them. Soap is one of the mainstays in the household. If you make soaps and market them in such a way that it catches the interest of the buying public, and the soap holds true to what benefit it gives over other commercialized soaps, then this is going to be a sure winner. People always have a soft spot for items that are “DIY” and/or “Home-made”.
TESDA offers courses such as soap making, you can sign up for this class if you are interested. You can also join courses in Tesda like tocino making, basic baking, sewing, etc, and create a sideline business once you complete the course.
- Pre-Order / Made-To-Order
This business can be anything from food to non-food items.
Let us say you have a specialty in making pastries and baked goodies. You can sell them to your target market via pre-ordering of your made-to-orders. This will give you the opportunity to prepare the orders during your time away from work. This Christmas 2017 season is a perfect time to start getting orders for your baked goodies!
Now, if you cook delicious food, this is another opportunity. You can post in your facebook account the dishes / viands that you will cook for the following day, and offer / solicit orders from your officemates. Or simply bring a basket of viands to your office and offer these to your workmates. One pinoy found success doing this sideline, it helped him saved P124K from his extra income!
An example of non-food can be accessories like bracelets, necklaces, calligraphy notes / posters, and many more.
- Direct Marketing / Direct Selling
Sell products to target consumers on your spare time. This is a brochure based business. You can sign up with direct selling giants like Avon and Mary Kay. Or if you want to support a business that gives back to the community, you can join Human Nature as a member – dealer.
- Photography / Stock Photography / Crowd Source Brand Imagery
Put to good use your brilliance in taking exceptional photos. On your days off, you can start developing a photography business – cover weddings, debut, birthdays, who knows later on you can take bigger projects like corporate events.
Now, if you don’t want to venture into covering events and celebrations, there is still another way to earn from the photos you take. You can sign-up to stock photography sites. The qualifications are a bit strict like in Shutterstock, but once you are in, the opportunity to earn again and again on your photos is there.
Aside from offering your photos by signing up for a stock photography site, you can also sign up on sites like Foap.com, this is a crowd sourced brand imagery. Example: Corporate personnel, advertisers, and marketers will put an ad saying that they are looking for this type of photo – a picture of their own coffee being enjoyed by customers, you can now submit your old or new picture holding or sipping a cup of their coffee, and earn.
- DIY / Crafts Selling
Another way to make extra money is by tapping your creative juices. Not only do you get to do what you love, you also earn from it. You can go from making revamped shirts to selling crafty DIY items. You can sell them to friends and officemates alike.
Christmas season is a big earning opportunity for crafters!
- Real Estate Agent
More and more individuals today take up a secondary job as real estate agent.
If you know an officemate is actively looking for a new house, you can help them look for their perfect house and earn in the process.
A sale of one housing unit can give you enough extra income that can last for a while. Popular real estate companies in the Philippines that you can work for are Avida, DMCI, and Camella Homes.
Camella Homes recently launched a campaign to encourage individuals, even without real estate licenses, to become their ‘agent’ with earning potential of up to P125,000 a month. You will just refer a buyer to them, and if this buyer ultimately signs-up for a house, you will earn a referral fee from Camella.
- Financial Advisor
This is a person whose job is to provide financial advice to clients and financial services in general. A main example is an insurance agent. You can do this job part time for extra income. Earning is commission based. Your officemates, neighbors, former classmates, friends can be your initial target market.
The biggest names in insurance companies in the Philippines are Sunlife Financial, Manulife and PruLife UK. You will need to apply via their recruitment department, pass a licensure exam as well as their assessment of your qualifications for their company.
- Events Planning
Planning events is another way you can earn extra money. This particular line of business is centered on putting together events such as birthdays, weddings, corporate functions and such. Although, the majority of event planners give up their day jobs to concentrate on coordinating the events, the part time version of this are those who do just a portion of the event planning.
One example is to only do “On The Day Coordination” for weddings.
- Web Designing
A web designer is someone who creates the look and feel of a website. It would include layout and features of a webpage. Knowledge in both graphic design and computer programming are a must in this sideline job.
There are a lot of companies, especially in this modern age of technology who require web designers to set up their website for them and maintain it for their online audience who are both customers and potential customers.
- Social Media Managing
As a social media manager, your task will be to manage a company’s social media sites. This would entail a comprehensive knowledge on how to implement and develop marketing campaigns to strengthen the presence and demand of the company to its target market on the web.
- T-Shirt Printing
T-shirt printing is a custom made type of business. From statement shirts to couple shirts to alumni shirts, there is good business to be had in t-shirt printing. Make sure to promote your business via word-of-mouth and social media.
- Reselling | Drop Shipping
This is the type of business where you buy a certain product from a supplier by bulk and it is sold to you at a cheaper price, after which you sell this at a competitive price per piece. This can be either sold online if you have and online store, on your social media accounts or direct selling. It is more like buying and selling in a sense.
Drop shipping is another thing. With this, according to Wikipedia: “Drop shipping is a supply chain management method in which the retailer does not keep goods in stock but instead transfers customer orders and shipment details to either the manufacturer, another retailer, or a wholesaler, who then ships the goods directly to the customer.”
In simple terms, you will act as the seller but when the sale is made, the product that was bought will not go through you. It will be shipped by the supplier directly to the customer, and you earn according to what was agreed.
- Blogging and Vlogging
Blogging is writing online for a website you created to target a specific niche market, whether under a free webhost or your own domain. You can get free webhosting via Blogger and WordPress for example.
Blogs can be about various topics, events and situations. By the time that your blog site built up a suitable traffic, you can earn via ads that are embedded into your page like banner ads or sidebars upon approval of your application. An example of which is via Google AdSense or Facebook Instant Article Ad Network.
*Your blog site can earn from ads through CPC / PPC (Cost Per Click or Pay Per Click). Then you will get your earning via Western Union, direct deposit to your bank account, transfer to your Paypal account, etc.
Vlogging, or video blogging is also income generating but only if you have managed to amass thousands-strong followers. You can earn from having ads shown alongside your created videos or by way of sponsorship. Check here for Top Earners Vlogging via Youtube.
Find your niche and start blogging or vlogging during your spare time. You can be the next success story in blogging that we’ll feature in iSensey.
- Affiliate Marketing
This is the type of part time job where all you need to do is to promote a product you like and earn a commission from the profit in the sale. The company that is best known for affiliate marketing is Amazon.
Anyone can set up a free account on Amazon, choose from a wide selection of products from individuals or companies, review the product, and then if the sale was made through your link, you earn a portion of that sale.
Affiliate marketing can also be done through websites and blog sites, as well as social media platforms and forums.
- Writing / Freelancing
If you are good with writing, you can turn that into business or a sideline job. You can apply online as a ghost-writer or content writer as just two of the popular examples. You’ll get paid according to the agreed minimum and maximum word count.
A good online venue to sell your writing portfolio or offer your writing services will be at Essays.ph, 199Jobs.com, Upwork.com, and a lot more similar sites offering freelancing gigs.
You can start off as a part-timer since you have a full-time job. Later on, after weighing things and finding that there is a greater opportunity to boost your income if you go full-time as a freelance writer, you may choose to switch from traditional office work to home-based writing works.
As to fee, it depends on the platform you’ll be using but we suggest not to go lower than USD 1 per 100 words.
*Freelancing as a Virtual Assistance or VA is also a good sideline job.
- Tutorials for Students
Becoming a tutor for elementary and high school students as a sideline will never go away. There will always be a demand for this service. If you have the capacity to engage in academic tutoring, go for it. You help a student pass exam and get good grades, you earn too with your sideline.
Now that you have read through these business ideas that you can do even with a full-time job, pick one that suits you best and start earning extra.
These business ideas for sidelines and extra income are not only good for 2018, but for years to come. Starting a sideline is challenging, but you need to start. If you will not start, nothing will change in your situation.
Venture into something and put your heart into it. Who knows you will stumble upon a gold mine, your sideline may become your main source of income in the future, replacing your regular salary. That is what we wish for all of you who reads this post – that you will find success in any of these business ideas suggestions and start enjoying an extra income stream.