CAREER WISE
Biz ideas for OFWs
OFWs are one of the staples of the Filipino economy, making up 10 percent of the Philippines’ GDP. Being an OFW provides you with an opportunity to travel and experience work from a global perspective. There are many reasons Filipinos decide to become an OFW, but one of the main reasons is to make a higher salary to bring home to the family. For OFWs a Friday payday is not an opportunity for a lavish night out on the town, rather it means taking a trip to the nearest remittance center to send the hard-earned money back home to the Philippines.
If you have found that your income as an OFW is not enough to help your family live comfortably back home, it may be time to seek out other business ventures to earn some additional income and add to your family’s savings. Don’t worry, it can be quite confusing and intimidating at first. With all the options available in the market, you may be unsure on where to start, and this article aims to provide you with practical choices that you can consider. Here are 11 business ideas that you can invest in today that will help generate some passive income to rely on once you return home to the Philippines. 1. Buy and sell goods
A great way to make some additional income while working as an OFW is to sell imported products to people back home in the Philippines. You do not have to have a lot of inventory to set up shop, rather simply sell products on a per-order basis. For instance, if you are stationed in the United States, you could sell authentic sports jerseys or makeup products to fellow Filipinos back home. You could advertise your storefront via social media, social media ads, and word of mouth from friends and family.
2. Open an online store
Do you have a special talent? Do you love photography and art? If so, use your talents to generate some additional income while you are overseas. For instance, you can set up a storefront on Etsy and sell anything from clothing and accessories, to handcrafted jewelry, to craft supplies and tools, to wedding décor. The possibilities are literally endless. If you have a passion, you might as well share it with others and get paid to do so! If art is not your passion, consider opening an online storefront on Amazon or eBay, where you can sell almost anything imaginable.