The demands for products and services in the Philippine business industry continue to flourish every year, and with this consistent growth, a lot of Filipinos are encouraged to build their own businesses and grow their own finances.

Thus, if you want to be a part of this continually emerging industry, here are some trendy local business ideas that will guide you in starting your own business venture this year.

1. Beauty product reselling business

Of course, the beauty industry in the Philippines is also emerging continuously, which is why it has become an important aspect of starting different beauty businesses.

Since creating your own brand requires huge capital that comes with uncertainties because of the very competitive beauty market, you can simply resell beauty products instead.

Even with a seed budget of Php5,000, you can start reselling products from rising or more popular brands that are willing to establish retail partnerships.

Make sure that you are also knowledgeable enough about the basics of cosmetics and beauty care because it is one way of gaining the profound trust of your potential business partners.

You can kick off with a simple strategy by reselling products to your family members and close friends first, until you can finally sell them on larger platforms, especially on social media.

2. Milk tea business

Milk tea is truly one of the fastest-growing businesses in the Philippines because of its popularity all year. Filipinos will never resist this delicious and revitalizing refreshment, whether they are hungry, thirsty, or both!

Nowadays, you can easily spot different milk tea shops left and right, especially those that are located near educational institutions, because students are the most eager milk tea consumers, especially during their break or class dismissal.

Although you may have a lot of potential competitors, you can level up your brand reputation by offering different milk tea packages, loyalty cards for available discounts, and some food freebies after big purchases.

Make sure that your business also offers delivery and pickup services, as there are online customers who prefer enjoying their drinks at home.

3. Cake and pastry business

Because most Filipinos have a sweet tooth, they will certainly buy any sweet products that suit their taste preferences.

Hence, if you are a dessert genius or simply someone who enjoys baking for your family and friends as a hobby, you can definitely turn that passion into a profitable business!

You can have your cake and pastry business at home, through food stalls, or in a rented place in the market.

Just make sure that your baking materials and equipment are complete and that you have an adequate kitchen to start with your baked goodies.

In this type of business, you have to determine your target customers wisely, given that you may have lots of competitors doing the same thing. Experiment with your baking skills, discover unique specialties to stand out and don’t forget to find a supplier who can provide ingredients at a low price or with some possible discounts.

Promoting your business online with tantalizing photos of your products is also a good way to attract buyers and boost sales.

4. Ukay-ukay business

Many Filipinos are fond of giving second chances, and this doesn’t change in terms of choosing their clothes. That is why ukay-ukay stores are all over the Philippines. Simply put, buying thrift items has always been a common activity for the locals.

Have some diversity in your store by not only focusing on selling different clothing; rather, include footwear, bags, caps, accessories, and even house appliances or antiques.

Although they are already used items, it is important to maintain hygiene, decency, and usefulness in what you are going to offer the public.

You must also be smart and fair when pricing your second-hand products based on their current quality and condition, as overpricing may disappoint avid ukay-goers. To boost your ukay-ukay image, you can also try posting some of your items online, where online consumers usually buy.

5. Printing business

True enough, the printing industry has come a long way in the Philippines, and the demands for printing services have increased tremendously.

As we can see, almost everyone needs to print something in their day-to-day lives, be it for work outputs, school projects, or business matters.

By taking advantage of this, you can easily earn a lot of money by doing this business. Just make sure to choose a good location that is conducive, and that you have complete printing equipment to maximize the customer experience.

As for side services, you can likewise offer customized printing for canvas bags and t-shirts, scanning, lamination, xeroxing, bookbinding, and other in-demand digital services.

In reality, many Filipino workers give up their regular jobs in order to set up their own businesses and experience being “their own boss.”

This gives them more freedom and control in terms of managing their time, finances, and their own people.

With these convenient benefits, you might want to consider living an entrepreneurial life and becoming a solid part of the ever-thriving Philippine business industry!