As an Overseas Filipino Worker (OFW), you face and have unique chances when you live and work abroad. Many OFWs only think about their jobs abroad, but it’s a good idea to think about making extra money too. These are five business ideas that OFWs can work on while working abroad.
1. Online Retail Store
Starting an online retail store is an excellent option for OFWs. With platforms like Shopify, Lazada, and Shopee, you can sell products without needing a physical store. Consider sourcing items that are unique to your current country of residence or that cater to the Filipino market back home. Marketing through social media can help you reach a broader audience, and tools like drop shipping can simplify inventory management.
2. Freelance Services
If you’re good at writing, graphic design, web development, or other jobs that let you work from home, you can list your services online. Freelancers can find customers all over the world on sites like Upwork, Freelancer, and Fiverr. This type of business lets you set your hours and can be run along with your main job. A steady flow of money can come from building a strong business and a base of loyal clients.
3. Real Estate Investment
Investing in real estate in the Philippines is a long-term business strategy that can yield significant returns. You can start by purchasing a property that can be rented out. The rental income can provide a steady cash flow, and property values tend to appreciate over time. Partnering with a reliable property management company can help you handle the logistics and maintenance while you’re abroad.
4. Food Delivery Service
The food delivery industry is booming, and it’s a business you can manage remotely with the right team in place. Whether it’s a restaurant, a specialty food store, or a homemade food delivery service, you can cater to the needs of busy Filipinos who prefer the convenience of delivered meals. Leveraging online ordering platforms and social media for marketing can help you grow this business.
5. Travel and Tour Services
If you love to travel, it can be fun and profitable to start your own travel and tour business. You can make a living setting up tours for Filipinos coming to your country or for people from other countries coming to the Philippines. There are online tools, local partners, and smart marketing tactics that can help you run this business. In a crowded market, your business can stand out by offering one-of-a-kind and memorable trip experiences.
If you work abroad as an OFW, these business ideas can help you make extra money and stabilize your finances. Start an online shop, provide freelance services, buy real estate, start a food delivery service, or start a travel and tour company. Each of these options gives you a different way to build a steady stream of income. If you work hard at these businesses and plan, they can grow and help you make money, even while you are working abroad.
You can protect your financial future and learn how to be an entrepreneur by looking into these business ideas. Get ready to make your business ideas come true by starting to plan today!
Business News Philippines was launched in October 2015 as a portal for readers to learn more about operating a business in the Philippines.
, you face and have unique chances when you live and work abroad. Many OFWs only think about their jobs abroad, but it's a){kind=link}