How To Start A Business Under P1,000 This Summer

3 min. read By eCompareMo on

Most people think that starting a business requires a hefty sum as capital. However, a lot of rags-to-riches empires have already proven this otherwise; some people started with nothing, but with hard work and perseverance, they turned nothing into something which cannot be ignored anymore. While there are a lot of success stories out there, it is now time to stop reading those fairy tales and carve your own path to success. You think you can start something with only P1,000? You might want to try these ideas now.

Read: Top 5 Business Ideas You Can Do At Home

1. Cut me some snack

Food is a biological need for humans, and this is something you can work on during your idle time. Most especially doable for stay-at-home moms, you can share your home-cooked goodness of a wide assortment of snacks. Start with the favorites such as turon, lumpia, banana cue, kamote fries, and other all-time favorite treats. To make sure that customers will keep on coming back to you, make a rotation of your fares so they wouldn’t get tired of your snacks. When you do that, people will keep on coming back to you because they know that they’re in for a surprise that day.

Read: Ready To Become An Entrepreneur? Find Out What Type You Are

2. Locked and load them

In the early days of electronic loading stations, retailers have to allot one mobile phone for every network. However, technological developments allowed people to develop one-stop solutions for all your prepaid needs. If you already have a mobile phone (or better yet, an idle one which can be a dedicated loading machine), then you can start your business as soon as you charge your phone. These newer, cheaper solutions will allow you to send electronic credits to a wide range of products such as online games, e-commerce sites, and others using only a single phone. Who wouldn’t want that?

3. I’m charming

Do you love accessorizing yourself to the nines? Do you love handicrafts and you want to start earning from your hobby? Then selling charms, bracelets, and other accessories are definitely the best option for you. With a small capital and the knack for finding the cheapest accessories on Villalobos St. in Quiapo, you can turn those random assortments of beads and other embellishments to a beautiful work of wearable art. Who knows, the next accessory mogul might be you?

4. You’re soap pretty

Soap is the very foundation of our civilization, allowing people to make themselves presentable before hitting their own roads to success. Fortunately, you can help make future leaders and visionaries look more appealing and have more confidence in making and selling soap. Aside from body soap, you can also venture to other soap products such as dishwashing liquid, hand soap, detergent, and fabric conditioner. Starting your soap empire may be your slippery road to success.

5. Wake and bake

Over the past few years, a lot of social media accounts of local bakers have sprouted like mushrooms in a bid to become the ultimate baker. Since it is never too late to jump the bandwagon, you also might want to try baking goodies such as brownies, cakes, and other saccharine confections. Then, with the combined powers of social media and word of mouth, turn your little on-the-side baking to something that can go viral. If you really want to get ahead of your competitors, try something new and wild and make sure that your customers will never forget that they’ve tasted the best cupcakes and revel bars ever.

Read: Got The Business Plan But Not The Capital? Find Out Where You Can Get Funds To Fuel Your Dreams

These are just some of the most ideal business which you can do under PHP 1,000. Keep in mind that while capital plays a huge thing when it comes to starting your own money making empire, what matters more is that you are determined to make it big and will stop at nothing to make it happen.

Do you have business ideas for this summer, but don’t have a starting capital? Save time by comparing loan options from various leading banks. Compare and apply for a low-interest personal loan now! Interest rate starts at 1.1%.

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eCompareMo

eCompareMo eCompareMo is the No. 1 financial e-commerce site in the Philippines. Follow us on Twitter and Instagram: @ecomparemo.