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19 Types of Business Industries

January 29, 2019 By Hitesh Bhasin Tagged With: Management articles

Every business is classified into different industries based on the products they make and the
markets they cater to. These industries are classified on their specialties which are based on
goods and services they provide. While there are companies which belong to only one industry
and provide industry-specific goods or services, there are also conglomerates which cater to
multiple industries at a time.

Page Contents

Following are different types of Business


industries
1) Aerospace Industry

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The aerospace industry is one of the highest technology industries. The aviation industry deals
with manufacturing aircraft which take flights within and beyond the earth’s atmospheric area.
The process of manufacturing consists of various parts such as designing, building, testing,
selling and maintaining. An aviation company also produces aircraft’s parts to maintain the
existing aircraft.

There are about 50 countries which own one or more than one aerospace company. These types
of business industries show the economic strength of a particular country. The United States of
America is the leading country in these types of business industries. The USA has many large
and small companies dedicated to aviation business.

America’s military and civil aviation industries have world’s dominance to export military as
well domestic aircraft and their parts. Aerospace Industries Association of America (AIA) is an
organization for aviation companies in America. It is an organization that provides solutions to
technical and policy issues. There is a similar organization in Europe named European
Association of Aerospace Industries (AECMA).

2) Transport Industry

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The transport industry is one of the largest types of business industries. This industry deals with
the movement of humans, things and animals by various modes of transportation. The main
modes of transportation are air, land (Road and Rail) and water. The transportation industry
makes the largest part of any country’s economy.

A strong Transportation is essential for a country’s growth. Transportation industry makes


approximately 17% of USA’s GDP. Leading transportation company for airway is Singapore
airlines which banged Skytrax World Airline Award in 2018. USA’s railway network is the
world’s largest railway network with a route length of 2,50,000 KM followed by China’s railway
network of route length of 1,25,000 KM. India’s railway network is world’s fourth largest
railway network with route area of 68,525KM.

Other than these transportations, water transportation is one of the elite ways to commute and
transport goods from one place to another. Alexander & Baldwin is Hawaii Based company is
the leading water transportation company followed by America’s American Commercial Lines
Inc. Indian railway is the world’s only monopolistic organization in the railway sector.

3) Computer Industry

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The computer industry has boomed drastically in the 21st century. Computer Industry has taken
over almost every other industry. Computer industry or also known as Information Technology
(IT) Industry. It includes businesses of computer hardware, developing and maintaining
computer software and computer networking. One major area which has been growing
proliferatively is service sector.

The service sector has gone online in almost every sector such as health, education, retail, bank,
beauty. There are hundreds of websites and apps for every single service. For example, Airbnb is
a leading online service company which helps travelers to find places to stay while traveling and
also help people to earn extra money by putting their extra space on rent.

4) Telecommunication industry

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Telecommunication industry consists of companies which makes communication possible
worldwide through mobile phones, internet, cable or wirelessly. It allows people to communicate
using words, audio or video from any part of the world to any part of the world. Smartphones can
send information thousands of miles away within seconds. The leading companies in the
telecommunication industry are satellite companies, internet service providers, wireless operator.
Wireless internet has helped other industries to generate great revenue.

This industry includes various sub-sectors such as communication equipment, wireless


communication, ad-hoc network, mobile ad-hoc network, domestic telecommunication services,
foreign telecommunication services, processing products, and systems. Mobile Ad-hoc network
is the fastest growing sector in the telecommunication industry. There will soon be cars on the
road without human drivers.

It will also reduce the cases of accidents on the road because roads will be able to sense the
presence of other cars on the road using Mobile ad- hoc networks and sensor installed on the
road.

5) Agriculture industry

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The agriculture industry is one of the oldest types of business industry. Agriculture industry
consists of cultivating land, plants and breeding animals to produce foods and other survival
things. This industry is an integral part of every country’s economy. The modernization in the
agriculture industry took place in the late 20th century, which is known as “Green Revolution”.

After that, the agriculture industry has been growing exponentially. The agriculture industry is an
important industry of countries like India, Africa and other countries having a good ecosystem.
This industry consists of producing, providing, selling and exporting agricultural goods. This
industry provides employment to researchers, scientists, biotechnicians, veterinarians, farm
labors and development technicians.

Latest agronomy, genetically modified plants, chemical-like Pesticides, and fertilizers have sped-
up and increased production. It seems a boon from a farmer’s point of view, but it is causing
deadly diseases such as Cancer to the people who consume it. Cargill, a Minneapolis based
company is one of the renowned companies in the Agricultural industry.

6) Construction Industry

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The construction sector is indulged in designing, building, constructing and maintaining the
infrastructure. The construction industry can be sub-divided into three categories such as heavy
construction, general construction, and specialized construction. Heavy construction includes the
construction of bridges and roads etc. General construction includes the building of residential
places and commercial real estate. Specialized construction includes making electric and wood
things required to construct a building.

This era has witnessed the modernization in the way of constructing building and houses.
Construction and related types of business industries have benefitted from the advancement of
technology. It has given us skyscrapers, which provides a place for everyone even with
population growth. Recently, one technology named Building Information Modeling (BIM) has
revolutionized the construction industry.

Usually, more than hundred people work on a single project and it becomes very difficult to keep
in touch with everyone and communicate ideas. BIM eliminates this problem and provides a
platform to work together and share ideas and cultivate a better plan.

7) Education Industry

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Education industry or education system is a group of school, colleges, universities, institutes to


provide learning, knowledge, skills, and a degree in various fields. Educational institutes can
broadly be divided into two categories public and private. Public institutes are funded by
government whereas private institutes run by a single person or by a group of people.

Private institutes can be “For- Profit” or “Non – Profit” institutes. According to a recent survey,
18.2 million students are getting an education in the USA and out of 18.2 million 16.8 million
are getting an education from “Non- Profitable” institutes. Enrollment of students is increasing
every year in both traditional as well as in online courses.

Online courses are most preferred by working people or people above the age of 30 years,
whereas regular students prefer to enroll in traditional courses. Every country keeps a large
portion of the annual budget for this sector to update the education system to provide better skills
to students.

8) Pharmaceutical Industry

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The pharmaceutical company is a licensed firm to research, discover, develop, market and sell
the drugs. It is an important industry worldwide. It is clearly research and development (R&D)
based industry. Constant research is an important aspect of the pharmaceutical industry. These
companies research and produce drugs to cure diseases of humans and animals. There are some
drugs that also treat symptoms.

Pharmaceutical companies are highly regularized companies. The United States’ pharmaceutical
industry comprises 45% of the Global Pharmaceutical Market. Johnson & Johnson and Pfizer
and Merck &co. are the world’s leading pharmaceutical companies. The United States
pharmaceutical industry together with Canada and Mexico make the world’s largest
pharmaceutical market.

Medical device industry is another aspect of the pharmaceutical industry which deals with
surgical equipment’s, medical devices and implants. Companies like Medtronic, Boston
Scientific, Carl Zeiss, etc are leaders in medical device industries.

9) Food Industry

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Food Industry comprises processing, preservation, conversion, and preservation of eatable items.
The raw material for the food industry is obtained from the agriculture industry. Therefore, the
food industry is dependent on the agriculture industry. After processing food various chemicals
and color are added to food items to preserve them for a long time with maintaining their taste.
The food industry has grown exponentially in the past decade because in the fast-paced life
people demand “ready – to – go” food.

The high demand for processed and packed food gave birth to many companies and almost every
kind of food from instant noodles to curry is available in packets. Other than that food service, as
known as catering and food technology are also an integral part of this enormous food industry.

Food technology comprises Research and development to make more readymade food. Tyson
Food Inc and PepsiCo are the two world’s leading food processing companies.

10) Health care Industry

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Health care industry provides remedial, diagnostic, curative, preventive, rehabilitative,
therapeutic services to patients and to people in their old age. The main goal of this industry is to
revive and maintain the health of peoples. It is one of the fastest growing industry. This type of
business industry has great potential for investors and entrepreneurs.  Every country’s
government spends a handsome amount of money to this sector.

There are both private and public companies to provide services. There are also many voluntary
organizations which provide services to needy people free of cost. United Health group holds 5th
rank in the 64th annual list of fortune 500 out of 40 health care companies selected from the
USA.

The revenue of the United Health Group was $56.6 billion on 30th September 2018. Government
initiatives like Obamacare in the United States, Medicare in India have given an enormous boost
and assigned tremendous importance to the health care industry.

11) Hospitality Industry


The hospitality industry is vast types of business industries. It provides uncountable services to
customers, so this industry is highly customer- oriented industry. Customer satisfaction is the
main objective of this industry.  This industry is exceptional, because the hospitality industry
solely survives on “the want” of people, not need like health care industry.

There are three main broad categories of this type of industry such as accommodations, food and
beverage, and travel and tourism. Airbnb is one of the most famous online hospitality services of
providing cost-effective accommodation in any country. It can be accessed via mobile apps as
well as the website.

Eleven Madison Park, New York, USA is one of the world’s most luxurious restaurants which
have universal appreciation and acceptance. This restaurant is famous for its ambiance and view
and also the luxurious treatment to its guests.

12) Entertainment Industry


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The entertainment industry is a huge business industry. It includes innumerable sub-sectors of


entertainment. This industry runs on both entertainer and viewers. Entertainment has been an
integral part of human society since ages, but recently it has become commercialized. This
industry has grown by leaps and bounds in the past century. These types of business industries
such as entertainment and hospitality industries make a great part of the Gross Domestic Product
(GDP) of any country.

For example, football teams such as Belgium, France, and Brazil. These teams generate great
revenue for their respective countries. Entertainment industry provides employment to a great
number of people. There are many entertainers which are among the richest people in the world.
These days the methods of entertaining people have changed.

People don’t have to put a lot of efforts to get into the limelight as they used to have. They can
entertain people by sharing their stuff on YouTube and other similar platforms. Digital platform
has helped to grow entertainment industry exponentially. Also with the availability of online
video streaming companies like Netflix and Amazon prime has changed the way users interact
with movies.
13) News Media Industry

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News Media industry is an important industry. The target of this industry is to provide news to
the people. It makes people aware of the happenings in the world. There are various media
platform for example newspaper, Television, Radio, online blogs, websites, podcasts. Printed
NEWS letters were first circulated in Europe during World War, since then NEWS media has
developed drastically.

The New York Times and Washington posts are among the most famous Newspapers.
Nowadays, social media has taken the NEWS Media industry to another level. People come to
know about the happenings of the world instantly. Some famous social media platforms are
Facebook, Twitter, Instagram, YouTube etc. Getting information has become handy for the
people of 21st century. People can also read News online by installing the apps of various
NEWS channels.

14) Energy Industry


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These types of business industries are important because of their wide applications in various
sectors. Energy industry can be sub-divided into two categories renewable energy industry and
non- renewable business industry. One important source of the renewable energy industry is
petroleum. There are different operations take places such as extraction, refining, manufacturing,
and sales.

Other than that, there is coal energy industry, nuclear power industry electric power industry.
These types of business industries play an important role in the development of the nation. These
source of energy sources are limited and they are diminishing soon. Therefore, a lot of research
is devoted to alternative energy sectors.

The alternate energies are solar energy, wind energy, and hydroelectric energy. These days
countries are spending a huge amount of money to maximize the use of alternate energy sources.

15) Manufacturing Industry


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Manufacturing is the process of converting raw material and components into the final product to
sell in the marketplace for public consumption. Manufacture industry has many categories, for
example, food industry, petroleum industry, paper industry, wood industry, leather industry,
textile mill industry, apparel industry, transportation equipment industry, electrical equipment
industry etc.

Goods can be prepared in the mill, factories or plants for example fabric and goods can also be
prepared by hands to sell in the market. Manufacturing industries provide employment to
educated as well as labor class population of any country. In America, approximately 12 billion
people are employed in the manufacturing industry.

16) Music Industry


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Music industry one among the many types of business industries that run on the passion of
people who works in it. This industry is made of Musicians, Composers, Lyrics writers, singers,
instrument players. This industry is highly affected by technology. Old are the days when people
used to buy CDs and DVDs. The United States of America observed the notable downfall in the
CD sales.

However, the internet has taken over the other media. People can listen to music online
anywhere and any part of the world. Music is available on various online platforms such as
Soundcloud, Pandora, Spotify etc. The new term that has been given to this industry is Digital
Music Industry.

The total revenue for the year 2018 is $5158 million dollars for Digital Music Industry and the
revenue is expected to grow in the future also.

17) Mining Industry


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The mining industry is dedicated to locating and extracting metals from the surface of the earth
all around the world. These metals are used for commercial purposes and jewelry making. This
industry also deals with production and trading of metals also.

Every country spends a lot for the exploration of a feasible place to extract metals. These types
of business industries cause environmental problems, which is a matter of concern globally. This
industry requires strict regulations for environmental protection reasons.
18) Worldwide web

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Worldwide web also is known as web, is a network designed using HyperText Markup Language
(HTML) and can be accessed using Hyper Text Transfer Protocol (HTTP). Worldwide web is
invented in 1991 by Tim Berners-Lee. It was the revolutionary invention of that time. However,
it became popular a decade later. A web page contains text, images, videos, audio, and links.
Similar kinds of websites have the same domain name.

For example, an educational website has the domain name “edu”. People are running various
websites such as education, entertainment, travel, food related. Worldwide web has provided
various opportunity to people. People run their business online with very few technical skills.
Ace example of this type of websites is “Amazon”.
Other than that people can interact with other people virtually using world wide web. It also
assists us to send emails, make video and audio calls and share image with one another. Since
1991 the features on world wide web has been emerging and it has no signs of stopping any
soon.

19) Electronics Industry

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The electronics industry is one of the huge industries. This is the type of industry that produces
electronics devices for commercial as well as domestic use, for example, smartphones, switches,
circuit board, refrigerators, washing machines, and other AI-based goods. Electronic companies
produce, market and sell electronic units. Global electronic industry has observed growth by
average 5% from the year 2016 to 2018.

This industry has the responsibility to produce all technically advanced electronic equipment for
the future. At present, the goal of the electronics industry is to mobile ad-hoc networks, smart
cars, and wireless charging.
What Is an Industry?
An industry is a group of companies that are related based on their primary business activities. In
modern economies, there are dozens of industry classifications, which are typically grouped into
larger categories called sectors.

Individual companies are generally classified into an industry based on their largest sources of
revenue. For example, while an automobile manufacturer might have a financing division that
contributes 10% to the firm's overall revenues, the company would be classified in the automaker
industry by most classification systems.

Volume 75%
 

What Is Agribusiness?
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BY JENNIFER CHAIT
 Updated October 28, 2019

Agribusiness refers to farming, but the term oddly is not often used in correlation with
actual farms. Instead, agribusiness most commonly means an agriculturally related
business that supplies farm inputs, such as machinery and seed supply.

Agribusiness also is used to describe businesses that are involved in the marketing of
farm products, such as warehouses, wholesalers, processors, retailers, and more. Use
of the term agribusiness by critics of corporate farming has created an aura of negativity
around the term, associating it with large corporations and companies that produce
environmentally questionable, nonorganic products while ensuring that smaller,
potentially sustainable farms fail to turn a profit.

The true definition of agribusiness provides a shorthand way of describing businesses


related to agriculture.
It's possible to major in agribusiness at a variety of different colleges and universities
across the U.S., ranging from Cornell University in Ithaca, N.Y., to Iowa State
University. Degrees focus on the economics of farm management and the science of
agricultural management.

Examples of Agribusiness Companies

Deere & Company, which makes John Deere equipment, may be one of the best-known
examples of a classic agribusiness company.

Deere & Company doesn't own farms or produce food products, but nearly every farmer
owns a John Deere tractor, baler, or some other piece of the quintessential green and
gold farm equipment.

Monsanto Company, which manufactures the herbicide Roundup (glyphosate) and


various Roundup Ready genetically modified seeds, is another example of an
agribusiness company. Another, Dow AgroSciences LLC (a wholly-owned subsidiary of
the Dow Chemical Company), makes pesticides, herbicides, and fungicides, in addition
to marketing seeds.

The Archer Daniels Midland Company, or ADM, processes oilseeds like canola and soy,
processes corn into ingredients such as corn syrup, dextrose, and starch, and
transports crops both nationally and internationally.

The term agribusiness generally isn't used to refer to actual farms, although Smithfield
Foods Inc., the largest U.S. producer of pork, owns and runs its farms. Smithfield is
owned by Chinese company WH Group (formerly Shuanghui International), which is the
largest pork producer in the world and the largest meat producer in China.

Agribusiness Vs. Organic Farming

In the United States, you'll normally hear the term agribusiness used in contrast to
organic agricultural businesses. For example, many people when talking about large-
scale commercial agricultural operations will use the term agribusiness, but you won't
hear the term used in relation to small-scale, organic farms.
Small family farms, smaller organic agriculture companies, and organic farmers often
feel they have to compete with giant agribusiness companies when looking to gain a
place in the agricultural marketplace. There's a persistent feeling among family farmers
that they're an endangered species, due to the encroachment of agribusiness and
corporate farms.

Small organic farms often use agribusiness products like John Deere tractors. Also,
small organic farms aren't necessarily competing with larger, corporate-owned farms for
the same market. For example, a customer who prefers to buy pastured pork because
it's humanely produced and has a higher level of beneficial nutrients is unlikely to view
conventionally produced, store-bought pork as an acceptable substitute.

20 Small Business Ideas in the Philippines for


2019
Manny December 15, 2018 261 Comments

Making a living in the Philippines  can be hard if you are only looking in one direction, and that is,
employment. With so much unemployed people in this country, and the age factor, its getting harder
and harder to get employed. There are also very few industries in this country and so many new
graduates that are seeking employment and most of them end up on the job they don’t like. Most of
them end up in supermarkets and department stores as shelf stacker and cashiers, some are call
centers agents and fast food crew. If you are an OFW, it’s a fact that working abroad is not
permanent and unless you plan to migrate to that country, like for example, in Canada a promise
land to many Filipinos and where many have already migrated to escape poverty in this country, you
should also be thinking on how to invest your hard earned money through a business.

I’m not saying that creating a business is a sure way to earn a living. There is a blog I read
encouraging people to create a business and be an entrepreneur and not telling the truth about the
hardships and uncertainty on creating a business. What I can say is, it is a gamble and you are not
sure if you will succeed or not. The fact is, 9 out of 10 businesses fail. But on the contrary, if you are
courageous enough, has lots of confidence, passion and optimism to succeed, here are the 20
businesses ideas you can choose:

 
1) Online affiliate marketing – do you wonder why there are many websites and blogs on the
internet? why are they making personal websites or blogs? do they make them all for passion or
hobby? I admit that many started making website and blog because they do it for passion but some
people dream of making it big someday. If you are a blogger and only using free hosting sites like
Blogger.com or WordPress.com, you might not think of any monetary gain because blogging is free.
But if you are paying for the hosting and have your own domain name registered with a annual fee,
then you might as well think on how to earn money through your blog to pay for the expenses. The
most common method of earning money through websites or blog is affiliate marketing. You promote
other people’s product or services and you will be paid a percentage of the sales made through your
blog or website. The more visitors a blog has, the more chances of earning money. There are also
other ways you can use to gain traffic or visitors without having any websites or blogs. You can use
social networking sites such as facebook to promote any of your products you want to sell or other
people’s products and gain commissions.

2) Online selling business – online selling doesn’t require anyone to be a computer geek in order
to sell online. There are many online classified ads and auction sites that you can use for free. The
most popular are eBay Philippines and  olx.ph (before it is sulit.com.ph). You can also create an
online shop for free and multiply.com is the choice of many Filipino online sellers before. But now
multiply.com closed down. There is no need to create an eCommerce site to set up you own online
shop because there are many websites that offer free posting of your items for sale like websites I’ve
mentioned before. But if you are really serious and have the technical know-how of setting up an
eCommerce website, then that is the best. You can also hire web developers if you have that budget
for it. But still, it is necessary for you to know the technical details specially if you are in a bootstrap.
3) Aerial Photography –  if you love taking photos, why not level up to a professional level and
invest a DSLR camera? a good training is also required and of course a talent for taking good shots.
There are various ways this business can offer services. On wedding, birthdays, anniversaries and
other unforgettable occasions. You will also need a computer and a photo editing software  to
enhance the photos you created. And if you really want to level up to the highest level, why not try
aerial photography? Technology has brought down the technicalities and expenses of aerial
photography. You don’t need to hire a real airplane or helicopter to accomplish the task that requires
hundreds of thousands of pesos just to take an aerial shot. You know how expensive it is to hire a
real aircraft. But as I’ve said, technology has made it possible to bring down the cost. The answer to
that are radio controlled airplanes, helicopters and quadcopters. Cameras are mounted to those R/C
aircraft to take aerial shots. R/C helicopters makes a precise aerial shots than airplanes but the best
R/C aircraft to take aerial photos or videos are quadcopters and multirotor copters. A more advance
type of helicopter with four or more propellers. They are more easy to fly and stable than RC
helicopters so taking aerial photos or videos is much more precise. Sometimes quadcopters are
called drones but quadcopters are not drones if they don’t have a camera attached to it and a
monitor for you to view the scenery. Drones are actually unmanned aerial vehicle. You are piloting
the vehicle remotely as in you are in a cockpit. But before you enter in that profession, you need to
know photography and flying those drones. I recommend buying a small cheaper drone for you to
practice flying and taking aerial shots before buying an expensive professional drone.
4) Rice retailing business – since rice is our staple diet and a necessity, it is hard to think even one
Filipino will not buy rice. Every Filipino eats rice unless you are born and living in Canada or USA,
your staple diet is bread. Or if you live in the remote province where people can’t afford rice and
makes sweet potatoes, corn or cassava as their staple diet. Starting this business does not require a
lot of capital and a minimum of 30k is enough but some rice sellers advise that a capital of 60k is the
minimum to make the business profitable. Aside from getting a business permit, you also need to
secure licences in DTI for single proprietorship or SEC for partnership or corporation and also a
licence from NFA.
5) Pandesal making business – or should I say set up a bakery business but what I have in mind is
selling only pandesal. So why pandesal only? Pandesal is a common bread eaten at breakfast and it
is second to rice which is a staple diet. It can be also eaten as merienda or snacks. You don’t need
to learn baking various bread and cakes on a bakery you will set-up so you can concentrate on one
product. But just be sure your pandesal is quality bread and not selling it just for profit because it is
the taste and quality people are after. I have a neighbor whom I bought pandesal in the morning
every other day and I asked his helper how many pandesal they sold every morning, he said 1,000
to 4,000 pcs.
6) Street food business – Isaw or grilled intestines is the most popular street food among Filipinos.
There are also many kinds of street food business that are popular. Fish ball, kikiam, cheese sticks,
squid balls and chicken balls that you can buy in small packs ready to fry. There are also other street
food business that you have to process your self before grilling on charcoal like the pig intestine or
isaw, chicken intestine or IUD, pig ears or walkman, pork blood or betamax, chicken head or
helmet and chicken feet or adidas. Kwek kwek and tokneneng are also very popular. These are
shelled boiled eggs and coated with flour batter mixture and then fried. The only difference between
the two are kwek kwek is quail eggs where tokneneng is duck egg or chicken egg.

7) Meat shop business – meat shops are common in wet markets. You can set up a meat shop
business there side by side with other many meat shop owners but what I have in mind is setting it
up away from the wet market where there is less competition. You can put it where there is no meat
shop existing in the place but be sure the location has enough foot traffic.
8) Tarpaulin printing business – there is a good market for this business and there are various
ways a printed tarpaulin can do. One very popular application is on food carts. Printed graphics on
tarpaulin is very attractive and it is tough too. On other occasions like birthdays, anniversary and
even on a funeral tarpaulin is used. political candidates on local and national election also used
printed tarpaulin on their campaign.

9) CAD plotting business – this is a very specialized business and only caters to architects and
engineers. A plotter is very similar to a printer and the only difference is a printer can only print letter
size or A4 size papers whereas a plotter can print very large paper size. It plots designs and
drawings made by an architect or engineer on a drafting paper where sizes range from a very small
9 x 12 inches to 36 x 48 inches.
10) Ukay-Ukay business – for those not familiar with this business, it is selling used clothing. The
used clothes are imported from other countries. Some of the clothes are overrun (still brand new but
didn’t pass the export standard) but still good. The reason why many Filipinos patronize it is because
of the cheap price. It only cost a fraction compared when buying in department stores or boutique.

11) Food Cart business – many Filipinos are very interested going into this business and most of
them, when they hear or see a food cart, what they have in mind is “franchising”. But come to think
of it, why will you franchise a food cart that is not well known or never heard of? Many people have
the wrong perception of food cart business so many food cart fabricators victimize innocent people
telling them to franchise their food cart for a very low price with no royalty fee but their food cart are
not popular or well known. So you will end up selling their product which they have sold you at a
higher price. You are literally selling their product, you are now their salesman and not a business
owner and you will have to pay their franchise fee. But on the contrary, if you plan to have food cart
business and cannot afford a well known brand with a pricey franchise fee, you can set-up your own
food cart and your own brand by contacting a food cart fabricator. Just be careful not to contact
those who sell franchised food carts, only those fabricators who makes made-to-order food carts.
Who knows, if ever your business became popular someday, you will become a franchisor to many
people who wants to franchise your business.

12) Tiangge – a small rented space and seller usually sells dry goods. This is not new and the word
“tiangge” is just our local term of the English word “Flea Market”. The reason why it is very popular
among Filipinos is because of the very cheap price of the items sold and it was already stereotyped
as “cheap items”. The usual place you can see them are parking lots or malls.

13) Cellphone loading business – the good thing about this business is you can start with a small
capital. The reason why is because of the recent technology of eloading, a universal type of loading
where you can sell load on all telecom networks including prepaid game cards. There is one
universal loading I know, the Vmobile Technologies load E extreme that you can try. Unlike if you
want to be a direct reseller of big telecom companies like Smart, Globe or Sun Cellular, you need a
big capital and to start an eloading business.

14)  Shoe and bag repair business – there are tons of replica shoes and bags coming from China,
and because of the cheap price, almost everyone can afford replica designer bags in the fraction of
the price of the original. But because of the poor quality, these products are easily damaged and it is
a waste of money if they will throw it away. So the easy option is to go to a repair shop.

15) Laundry and dry cleaning business – sometimes is it more practical to get the service of a
laundry shop than hiring a laundry maid to get the job done specially if you only have few clothes.
There are also some clothes or comforter that cannot be washed with an ordinary washing machine
and if the clothes or bed sheets need to be dry cleaned, you certainly need a laundry shop.

16) Barber shop or Beauty Parlor business – although you can live without having a haircut, and
if you plan to become a hermit, a bum or just a hippie or live under a rock for the rest of your life you
don’t need a barber or a beautician. A good reason why it is a good business is because people
needs a haircut every 1 to 2 months to look good and be comfortable. As for me, although I’m not
vain or very conscious on my hairstyle, I’m not comfortable if I will not  go to a barber shop at least
every 2  months. I admit that there are lots of barber shops and beauty parlor sprouting every where
and there are lots of competition already but since this type of service is a necessity and
consumable, there are still many customers who needs this service.

17) Selling native delicacies – there are many kinds native delicacies you can sell and the amazing
part is many Filipinos love to eat kakanin. Some of the kakanin or native delicacies are suman sa
ibos, puto, cuchinta, bibingka, halaya , sapin-sapin, biko and maja blanca. The only disadvantage of
this business is the goods are perishable and the kakanin should be sold within the day. Some
native delicacies have longer shelf life like barquillos, piaya, otap, puto seko and other dried goods.
18) Personalized T-shirt printing –  I saw this business in a mall and it’s doing great because I see
many customers availing of the service. Technology made it possible to make personalized t-shirt
printing in a few minutes. You only need a computer, Adobe Photoshop and a t-shirt transfer paper
and presto! you already have a t-shirt printing business.

19) Selling washing machine and electric fan parts – these two appliances are the most basic
thing a human being, or more specifically a Pinoy needs to live more comfortably. Since we live in a
tropical country, the temperature is very warm and electric fan is the only choice for most of us. And
for washing our clothes, we need a washing machine.

20) Health and wellness products -these products are quite common and many companies are
jumping into this kind of business. The reason is people nowadays because of the modern lifestyle
are prone to stress. Most of the jobs today are very demanding both physically and mentally. That is
because of the technology. It is ironic to think that we invent computers and robots to serve humanity
but what is happening now is we are competing with each other in order to bring more new
technologies. For example, since the invention of the internet, call centers sprouted almost every
where in our country to outsource the industrialized countries for them to get cheap labor. But since
our time zones are different from theirs, we have to work on night shifts all the time. So call center
agents are exposed to numerous illnesses like hypertension and obesity. Most young adults today
have hypertension because of the new lifestyles not only in call centers but other online jobs or
career or just even entertainment and pleasure brought by the new technologies. People now are
also becoming lazy to cook their own healthy food and turn to fast foods all the time. Which in turn
produces many kinds of diseases due to being overweight.  Year after year the demand of wellness
products will rise. Another example is the factories that are built to produce the new gadgets and
products for the new technologies. If you only know how polluted is in China now that people near
the industrial zones have to wear filter mask or pollution mask just to breath clean air.

Hoping that the business ideas I’ve shared has helped you decide on what business to start this
coming year. Please also share this on other social networking sites like Facebook, Twitter or
Google Plus.

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