A buy and sell business as another income stream or even your main business is what you need in these unprecedented times.
With the ready market demand, ease of preparation, low capital required you can buy and sell the following products in the Philippines:
- Mobile Phones/Devices
The Philippines’ retail industry is growing and is expected to account for 20% of the country’s Gross Domestic Product (GDP) over the next ten years. Thus, it is not yet too late to take a piece of the pie.
You can sell anything essential to your target market. People will buy anything that addresses a specific need or want. Entrepreneurship could be your way of making it to big time, especially during this trying period.
Remember that the tycoons started out during the difficult years of post WWII era. The situation we are in isn’t much different so if you want to follow in their footsteps read on:
10 Products to Buy and Sell in the Philippines
1. Mobile Phones/ Devices
Today’s smartphones are much more advanced and have a lot more features. We already have a wide range of brands that we can choose from compared to when Nokia was the dominant brand of choice. You can get smartphones from China that are half the price of an iPhone and Samsung but have many more features to offer. You can get your supplies in bulk, sell them at competitive prices and still make a considerable profit.
Every year, new computer technology is being introduced. Thus, computer prices drop by 1 ½ from their original value, so you won’t run out of wholesalers who can give you a discount on unused computers that were released years later. These computers are serviceable, and their only difference from the newer ones is their processing speed and external features. Your target market can be the call center industry or sprouting computer shops nearby.
It is typical for Filipinos to want to look their best and get the best deals for it. There are massive warehouses that offer discounts on branded apparel or overruns, especially when you buy bulk. They often advertise on Facebook, so they are easy to find. If you have relatives and friends abroad, you can also ask them to send balikbayan boxes of clothes. There are lots of outlet stores in the US that sell branded items for lower or discounted prices.
A car’s value depreciates by 50% of their original price over time. Your market can be both sellers or buyers of used vehicles. You can find used car sellers online or from referrals and their prices are usually negotiable. If you’re a mechanic, it will be easier for you to check the car’s quality before buying or selling it, but if not, you can always bring a reliable mechanic with you. Buyers can use cars with good resale value as taxis or other forms of services.
During this pandemic, you probably have discovered many talented makers of sweets in your neighborhood or on social media. They create delicious kinds of ice cream, chocolates, biscuits, cookies, and other sweet recipes. They usually offer bulk offers at reseller prices. If you have relatives living abroad, you can also ask for their help to supply and send you branded or imported sweets which you can sell at affordable prices.
Aside from clothes, Filipinos look for the best footwear money can buy, branded or not. Of course, you can’t sell second-hand footwear, so your option is to look for an authorized distributor or buy in bulk from an importer. Many of these products are found in Hong Kong or China. Importers would often sell them in warehouses and offer volume-based discounts for unpopular footwear brands.
If your market is women, jewelry can be your top option—there are many good jewelry manufacturers here. Baguio is one of the popular destinations when it comes to silver jewelry. They are inexpensive so you can have a reasonable profit. Hong Kong and China are also good sources of affordable but quality jewelry. You can buy or order jewelry in bulk and resell them here.
Supplements are fast rising and in demand nowadays. More people are buying supplements for weight loss, muscle building, and overall health. If you’re interested, find the brand you want to distribute, get in touch with the manufacturer and become an authorized distributor. You can also find these brands online or at physical stores in Greenhills or Cash and Carry in Manila. Most of the products there are shipped from the US.
Given our current traffic situation, people opt for motorcycles or motorbikes instead of cars. Many affordable brands also come from China, but you can also buy and sell pre-owned motorcycles. You have the option to become an authorized distributor of an existing brand or resell different brands of pre-owned motorcycles, given that, of course, they are still working correctly. Your target markets can be courier services, food businesses, and consumers who want access to affordable but high-quality motorcycles.
Women are the most active shoppers. If your market is women, this can also be on your top list. Women can’t understand why men love collecting shoes which is the same manner as to why women have many bags. Many importers and distributors of bags in the Philippines offer reasonable discounts for volume orders. You can find them online or at trade shows. Bags are not seasonal products, so long as you sell items made of good quality, functional, fashionable, and affordable, you’ll have a ready market of buyers.
Get your business plan started with these buy and sell opportunities.
When entering a buy and sell business, be wary of the products you will sell and where you will get them. Whether it’s from online buy and sell marketplaces, abroad, or physical stores, do your due diligence and check the seller, manufacturer, or distributor’s background. Whatever business plan you choose, a buy and sell business has excellent profit potential in the Philippines.