Because of the significant alterations that will take place in 2020, many Filipinos are currently exploring a variety of new ways to produce money, such as starting their enterprises. Being your boss while enjoying the casino and setting your hours is a different experience than working for someone else. Because you no longer have to deal with commuting or traffic daily, you have more time to spend with your family. Where are you, exactly?

If you are interested in starting a small business in the year 2020, the following are seven ideas for enterprises that are doing well and come highly recommended by us. You can begin with the dropshipping and rental service businesses with a relatively small initial investment.

Online Selling

The first activity on this list is internet retailing, one of the most straightforward companies to get into because of the variety of items you can sell and the money you can make. If you already have something to sell when you start your business, selling it online is an easy way to bring in more clients because it is more convenient for them. Dishes and other meals, cacti and other houseplants, homemade accessories, and online ukay-ukay are some of the most popular goods on the market to sell in today’s day and age.

You can also try to sell things online through a buy-and-sell transaction. Buying products in bulk at a reduced cost to mark up their retail price later on is an example of this strategy. Whether you shop in Divisoria or tiangge, you may find a wide variety of high-quality things there, including clothing, accessories, and luggage. When you offer your products on massive online marketplaces such as Shopee or Lazada, you won’t have trouble getting clients to buy them.

Drop shipment

Dropshipping is another online business that is becoming increasingly well-liked this year. In contrast to a buy-and-sell business, dropshipping does not require you to purchase and keep an inventory of the things you offer. Instead, you send the orders placed by clients to the company from which you source your goods directly. It would appear that you will be able to profit by acting as a go-between for the customers and the wholesaler.

Because there is no need to spend a lot of money on purchasing items, dropshipping is an excellent business model to test out because a cheap initial investment is necessary. As is the case with buy-and-sell, dropshipping enables you to sell a wide variety of products, the specifics of which are determined by the requirements of your clientele. 

Bills Payment Business

Suppose you already own another small business, like a sari-sari store or an internet shop. In that case, you may be able to increase your income by starting a digital payment business that allows for bill payment, money remittance, e-loading, and mobile wallet cash transactions. If you want to learn more about how to start a digital payment business, read on.  This business allows customers to pay bills, send money, and load mobile wallets with cash. -in. You can form a business relationship with Palawan Express Pera Padala or GCash to become an authorized agent for their respective services. When you add a digital payment center to your business, not only will you see a boost in revenue, but you will also see an increase in the number of consumers who frequent your establishment.

Program For the Delivery of a Diet and Healthy Food

Even though it was once considered a niche market, the business of delivering healthy meals to customers in cities is becoming increasingly popular. As part of this line of work, you will be responsible for the meal planning, preparation, and delivery of the client’s meals for the day or week. Diets and meal delivery services emphasizing healthy eating are in high demand, particularly this year, as an increasing number of individuals are concerned about their health but do not have the time or ability to make good food for themselves.

Print On Demand

Printing services are always in high demand, regardless of whether they are used to print T-shirts or tarpaulins. It is not difficult to generate a lot of money with a print-on-demand business because there are many opportunities for large orders, particularly during busy times like the election season and Christmas.

Once a printing company has established itself in the market, it is not difficult to expand into other product areas such as invitations, flyers, mugs, and banners, which results in high growth potential for the printing company’s service offerings. If you provide graphic design and layout services, you will also and a commercial firm.