Online business ideas can make it possible for people to transform their lives. And there’s no denying the positive impact the online economy’s had over the past few years, especially during the COVID-19 pandemic.
According to Business World Online, the digital economy continues to be a bright spot in the Philippines. With everyone online, there’s no shortage of online business ideas to pursue, even for beginners.
So if you’re looking for ways to increase your income or want to make a permanent move to business ownership, here’s a list of online business ideas in the Philippines for you to consider.
Online Business Ideas in the Philippines
1. Become a well-paid freelance writer
Freelance writing is a hot business, and with good reason: it’s easy to get started. As long as you’re willing to put in the effort, there are plenty of opportunities out there waiting for you.
The key behind freelance writing is making connections. Right now, we live in an online-based economy which makes networking easy and super fast. And if building up contacts isn’t your strong suit, then join established sites like Fiverr.
Starting on new online business ideas such as freelance writing might seem a little intimidating if you’re a newcomer. How do you get started?
An effective approach to becoming a well-paid writer is learning directly from one. Having a successful teacher can help you reduce your learning curve and avoid missteps.
One such experienced and recognized freelance writer is Andrew Whelan. He offers a workshop that teaches you key steps to find success as a freelancer. So take that first step today. Use this link to get your free access.
Top Platforms to Find Freelance Jobs
2. Start A Profitable Blog
If freelance writing has piqued your interest, why not start your own blog? Blogging is one of the best ways to get into the online business space. It’s incredibly inexpensive, and it might even be free to start.
Once you have a blog up and running, the real work begins. You need to get people to visit your blog. It takes time and discipline to build an audience online, but your efforts will pay off once you do.
Tip: While blogging can swing the doors wide open to financial independence, it does take perseverance and consistency. So don’t quit your 9-to-5 job to go full-time at it just yet. Do it slowly.
So, where do you start? That’s actually the easy part. First, look for a platform-host pair that works well together.
You can put a blog together in an afternoon with a little bit of free or cheap web hosting (a place where your blog lives on the web) from WordPress (the platform we use), and there are lots of themes out there that you can customize yourself in minutes.
3. Be a transcriptionist
Do you consider yourself a better-than-average typist? Here’s another online business idea in the Philippines you might’ve not considered: starting a transcription service.
As a home-based transcriptionist, you’ll convert audio and video content into text documents for your clients.
The advantage of this is your working time is flexible (you can work at any time during the day).
Is transcription for you? This field demands attention to detail and quality work to grow your reputation and increase your rates. So it’s not for everyone.
But if you have spare time, want to make money on the side, and value working according to your own schedule, it can be a fit.
Having the proper training can save you time and effort. It can lead you in the right direction and help you create the foundations of a successful business. You can find the resources you need at Fiverr.
4. Start a dropshipping business
Dropshipping seems to be the most popular business model when it comes to starting an online shop.
Basically, you don’t buy stock or products, but instead, you let suppliers sell goods directly on your website. In almost all cases, you won’t even have access to the goods that are being sold – they just get shipped directly to your customers from suppliers, which means there’s no risk of having a stock that might go out of fashion or not selling at all.
Note: With drop shipping, your supplier sends the products you sell directly to your buyer. Your job comes down to finding products to sell and marketing them through your online store and elsewhere.
One popular site to create your online shop is Shopify. With Shopify, you can customize your store and manage your online business – you don’t need to hire developers to get up and run.
Finding products to sell online used to be time-consuming. But with dropshipping marketplaces and tools like Dropified, you can find thousands of products to sell online. Take the next step and make your online business a reality.
Best Dropshipping Suppliers
5. Make money with a virtual assistant service
Virtual assistants (VAs) are independent contractors who provide administrative, technical, or creative services to clients remotely from home.
Virtual assistants get hired for projects and jobs they’re qualified in, enabling them to enjoy the work-life balance their actual office counterparts don’t have. And if you do it right, this online business idea could pay off big time: some VAs charge up to $100/hr. (Php5,000)
Good skills for a VA include social media management, writing & editing, research, data organization, and web design.
It really doesn’t take much to become one – all you need is a computer and an internet connection! Virtual assistants make themselves useful by scheduling appointments, booking airfare, making travel arrangements, etc.
There’s no reason for you to work with just one client. In fact, you’ll want to add as many clients as your time allows. Once you have more clients than you can handle, pass them on to your own team and grow your income.
To profit from something, you need to know how to do it and do it well. Logical, right? This is a rule of thumb that applies to any of the online business ideas we discuss here, including a VA business.
If you’re unsure how to find work as a virtual assistant, Ari Meisel started this type of business as a side hustle a few years ago, and now he teaches others how to do it. Check out this course and learn how to set up a VA business.
6. Freelance graphic design (for non-designers)
Not long ago, if you wanted to work in graphic design, you had to know Photoshop. But the world has changed, and new tools make starting a graphic design business accessible to more people.
You don’t need to go to art school or have 5 years of experience to become a graphic designer. All it takes is practice. You can sign up for a site like Fiverr and get to work on that portfolio.
If you’re creative and like to communicate visually, graphic design may be the field for you. As you look through this list of online business ideas, you can easily see how other businesses (eBook publishers, bloggers, and others) could use your services.
One tool that can help you hit the ground running is Canva. Canva is a drag-and-drop online platform that makes it easy for you to create high-quality designs. You’ll find it useful, whether you’re a non-designer or an experienced professional.
If you’re good at graphic design, it’s not hard to find clients who are willing to pay a fair price for your services. From there, it’s just about setting up shop – which could mean having a website with your own domain name or simply uploading your portfolio somewhere online.
You can even set up a Facebook page.
You’ll have to charge at least $10 for your services if you want them to take you seriously – but that’s less than most freelancers ask for!
Once you get your first client, grow your business by finding new clients on social media or through online communities.
7. Make Money By Teaching English Online
One of the easiest ways to make money online is by teaching English as a second language to students overseas. Many companies offer this type of service, and all that’s needed from you is an ESL certification and your own laptop!
If you’d rather not go down the virtual assistant route because helpdesk questions don’t interest you or whatever reason, then ESL might be something that interests you.
You could even turn this into a business if you wanted to! This is a great way of making money online without physically visiting the people you’re teaching.
8. Set up a translation service
If you’re fluent in a second language, setting up a translation service is one of those online business ideas which seems like a natural fit.
As a translator, you are in high demand. With the growing importance of globalization and international business, many companies need translation services to communicate with their customers.
How to set it up? There’s really not much that goes into setting up a translation service: all it takes is getting together some clients who need something translated. You could start by asking friends or family members if they know anyone who would be interested in hiring someone like you.
If not, check online communities and forums— there’s bound to be someone looking to outsource translations somewhere!
The process itself is fairly simple: once you’ve been hired to do a translation, log into your account on Google Translate or another translating service and provide the text you are supposed to translate.
Depending on your reputation, you will either be paid immediately after finishing the job, or you will have to wait a few days for people to check it over before being able to collect payment.
While you can do the work yourself, you can scale your business faster by finding translators to subcontract on marketplaces like Fiverr. You could then focus your time on making sure the work that comes out is well-edited. And keeping your clients happy, of course.
To market your service, you’ll want to showcase it on your own website, post to social media to increase exposure.
9. Publish eBooks & Earn Royalties
Self-publishing eBooks can bring you passive income streams to complement other online business ideas discussed here. When someone buys a copy of your book on Amazon Kindle Direct Publishing, it’s available 24 hours a day, 7 days a week!
There’s no limit to how much money. In many instances, an eBook can have a higher profit margin than print books!
How do eBooks make passive income? As digital goods become more popular with consumers (and as more people access the web through their phones), we have seen many content producers start to produce digital goods rather than physical ones.
While this may seem like it would be bad for customers, the truth is that there are a lot of advantages. Digital books cost less.
Amazon offers millions of potential readers, and publishing your eBook with KDP is easy and free. Every time your book sells, you’ll get paid up to 70% in royalties if priced between $2.99 (Php150) and $9.99 (Php500). Some authors choose to price their eBooks at $0.99 to get more sales initially and rank higher.
To get started, you’ll need a book cover, the books’ content, and, of course, your title. Since readers use keywords to find your book, you’ll want to add those to your title, subtitle, and book description.
To learn more, you can go to KDP Jumpstart or KDP University, where you can find webinars, videos, and other support materials to get up to speed.
10. Earn income with digital courses
Udemy will help you get started by providing all the tools that you need to create your courses. They’ll even let you set up your profile, including the store with payment capabilities, so that anyone who purchases your material can download it quickly.
11. Sell your photos online
Photography can be a lucrative business as your client base grows. And you can charge not only for your time but also, you know, for the photos you take.
You can pursue many specialties: kid’s photography, still life, architectural, and business photography. There’s plenty of areas to choose from.
Anyone can work in photography, but you’ll want to master your craft. There are plenty of online courses you can take to improve your skills.
Intrigued? Here’s one way to start: Maybe you have a collection of high-quality images sitting in your drive. You can start making money with them by signing up as a contributor.
Many sites like Shutterstock and DepositPhotos pay for stock images, but there’s also a whole range of options who want to see what you shoot, from local tourist boards to magazines and blogs.
Once you build up a nice portfolio, you can make money from photo licensing deals, stock photography sites, affiliate programs, and more.
And you’ll make money every time your platform’s subscribers download your images. You’ll be able to showcase your work to a global audience and sharpen your skills as a photographer.
12. Become an affiliate marketer
If you’re looking for a way to make money online, affiliate marketing is something that you’ll definitely want to learn more about. Affiliate marketing involves working with merchants and companies to convince the public that their products are worth buying.
Affiliate marketing is good if you already blog, YouTube channel, or have a social media following.
Some marketers take a different approach – they write popular blog posts (just like I do) or produce great content about their product recommendations. Promoting affiliate products through blogging is a long-term strategy because it involves building trust with readers over time.
You’ll get a percentage of what each person spends when they click your link. It’s an online business idea almost as old as the internet.
But, this doesn’t mean that it’s going to be easy money. If you want to make any profit from your chosen niche, then you’re going to have to work hard and promote products that people actually want.
Most affiliate marketing involves 3 players:
- Publisher (You and your digital properties)
- Merchant (Affiliate Network)
- Brands (Affiliate Programs)
Affiliate networks work as trusted parties that connect you to brands. This way, brands only deal with one party instead of multiple affiliate marketers.
If you want to learn more about Involve Asia, check out this article. It’ll teach you everything that you need to know to get started.
13. Become an internet personality
If entertaining on camera sounds like fun, why not use YouTube as part of your online business idea? You could become an internet TV star if you have video blogging skills or interview celebrities on the red carpet.
If you go this route, it’s important to accept that you need a lot of talent and passion for what you’re doing. You should also be ready to take action by pushing yourself out there on the web.
If you want people to find your videos, they will have to search specifically for them. This means uploading your best video content onto different websites and promoting yourself online by commenting on other YouTubers’ videos and creating some links back to your own channel.
You’ll need a good camera, a fairly decent PC, and a video editing tool to get started. So you’ll need to make an upfront investment.
14. Set Up a Digital Marketing Agency
If you already have freelancing experience, this online business is a bit easier to start in.
It’s likely that no matter what industry you’re currently in, there is at least some opportunity to set up a digital marketing agency.
Digital marketing agencies can offer services like:
- Search Engine Optimization (SEO)
- Blog writing
- Search Engine Marketing (SEM)
- Email Marketing
- Social media marketing
- Facebook Ads
The first step would be to research what sort of services are required and how much people are willing to spend on them.
This will help you decide which services you want to offer and give you an idea of local demand for those services to create something that appeals directly to consumers’ needs.
15. Flipping domains
Domain buying and selling are a bit like flipping houses, except you don’t deal with physical property, and you can do it entirely online.
You can find profitable domain names and then flip them for a huge profit.
Buying and selling domains can be profitable. You can start by registering a domain for less than $5.98 a year. Then put up some ads and then sell them for a profit when someone else searches for the same keyword on Google.
Domain flipping is an online business idea worth exploring. Visit domain exchanges like Flippa and Sedo to learn more.
16. Host A Podcast
Hosting your own podcast provides you with many opportunities to share your views and knowledge while making money online.
If you have a variety of interesting things to say or if your job is in some way related to what other people want to know about, then podcasting might be perfect for you!
You could even create a business podcast where you interview experts from various industries who give advice and tips on how others can improve their businesses too.
Becoming popular as a podcaster takes time, especially if you don’t have any experience.
However, if you put in the hard work, it will certainly be worth it!
It’s not easy to become familiar with podcasting at first, but there are many tutorials online that will teach you what you need to know.
17. Trade and Invest in Cryptocurrencies
Cryptocurrencies becoming increasingly popular and valuable as the cryptocurrency space is gaining traction. Cryptos are similar to stocks, and they go up and down in value every second. If you can learn more about this, it can be a great online business in the Philippines you can start easily.
Is it possible to make money without any special skills? Yes, of course. If you can spend a couple of hours a day on your computer or smartphone and have at least a basic idea of how to use modern technology, you can earn money in cryptocurrency.
How to make Money on Cryptocurrencies
- Cloud Mining – Cloud mining is a service that allows people to invest in hardware located in a remote mining facility in exchange for some profit. This investment can be made using Bitcoin, Ethereum, or any other cryptocurrency.
- Bitcoin Faucets – Bitcoin faucets are services that payout tiny amounts of cryptocurrency for completing tasks like surveys and simple games.
- Cryptocurrency Tipping – Cryptocurrency tipping is a way to reward someone for producing quality content. You can tip any user on Reddit, Facebook, or Twitter in exchange for comments, posts, and other contributions. This monetization method is mostly used by cryptocurrency enthusiasts, although it can be used by anyone with a social media account.
- Cryptocurrency Investing – Cryptocurrency investing is a form of passive income. Bitcoin and other cryptocurrencies have exploded in value over the past few years, making them lucrative investment opportunities.
- Cryptocurrency Consulting – Cryptocurrencies are a relatively new phenomenon, and the industry is constantly changing. The increasing interest in virtual currency means opportunities for anyone who wants to educate others on using it. If you’re knowledgeable about cryptocurrency, you could start your own consulting business. This could be as simple as answering questions on a forum or starting your own YouTube channel.
- Trading Cryptocurrencies – Trading cryptocurrencies requires market analysis, statistical knowledge, and risk management skills. Professional traders make significant amounts of money from trading, making it an obvious way to earn money from cryptocurrency.
18. Take Surveys For Cash
Online surveys are a great way of making money online fast because they offer quick cash for answering questions or doing tasks.
Websites like MySurvey.com and FocusGroup.com pay for the privilege of answering surveys they or their clients have put together.
But before you sign up to take any survey, it will be important for you to determine whether the company is legitimate—and also just how much money you stand to make by answering them often.
No initial investment is required before you start taking paid surveys—and they don’t have to be particularly long either. In fact, most survey site owners will let you cash out your earnings when they reach $5.
The truth is that since many different companies want to know how their products are being rated by consumers like you, there’s also no shortage of places willing to pay people like yourself for taking surveys on a variety of topics.
What are the steps to starting an online business?
As you consider starting your online business, take some time to review the following before going ahead.
- Will you like the business? The first step would be to figure out what kind of online business you want. Take a look at your interests and skills and begin researching online business ideas by checking out our list.
- Do you have the necessary skills? There are many great businesses to start online. However, one should assess their skills and interests first before deciding what kind of business to have. Be sure that you have the knowledge or skills required for the type of business you wish to start. If you don’t, consider enrolling in a course to acquire them.
- How much money can be made? Research your business’ earnings potential and understand whether you’ll earn income in steady or irregular amounts.
How can I start an online business with no money?
You can start an online business with little or no money, but you will need patience and perseverance to get it going. It may take some time to build up the profits, but once they start coming in, then you’ll be glad you stuck with it.
Several of the online business ideas highlighted above require little investment. And some you can start with no investment at all.
Should I quit my job to become an entrepreneur?
It is a commonly held belief that being an entrepreneur must be the dream of every youngster out there. The question on everyone’s lips remains, ‘when should I quit my job to become an entrepreneur?’
There are no shortcuts to success; it comes through years of hard work, failure, and perseverance. So it’s probably best to keep your job as you start your online business.
In the beginning, it’ll be harder since you’ll be balancing your daily responsibilities at work while launching your business. But you’ll get better at it over time.
Wait until you receive a consistent profit before you decide to leave your job.