BomBitz | A Pinoy's Journey to Financial Independence

7 Business Ideas for OFW While Still Overseas


If your income as an OFW is not enough to sustain your family's needs or if you simply want to gain additional income to add to your savings, you can consider putting up your own business. Although some ventures can be started with small amount of cash, you also have the option to apply for an OFW business loan if ever you need a little more capital.

Still not sure what kind of business to engage in? Check out the following:

1. Buy and Sell (from Philippines to the country you're in)

Are your fellow OFWs missing some things from the Philippines? That should be your cue that you'll have a lucrative market when you bring those things to them. These could be delicacies from their home towns, their favorite brand of toiletries and even commercial food products that are unique from the country. You will need to have a relative back home to do the shopping though if you don't regularly travel.

2. Buy and Sell (Shipping items to the Philippines)

Alternatively, you can send imported products for sale to people in the Philippines. You can do this on a per-order basis to ensure that you won't waste money buying things that no one will buy. As an example, if you're in the USA, you can advertise that you can send authentic NBA shirts for those who want to order. If you're in Japan, you can consider quality costumes for cosplays or some authentic and interesting Japanese food products. For this business, you'll also need the help of someone back home to coordinate the deliveries once the products arrive in the Philippines.

3. Online Shop (for your own products)

It's amazing how you can turn your creativity into money-making venture. Whether you're into photography, jewelry making, water color scripting, graphics designing and even as simple as doodling, you can earn from them. And the fact that you'll enjoy doing them means that producing great items won't be a chore on your part. Ask the help of a web developer to build your online shop or open an account in buy-and-sell websites such as Amazon or eBay.

4. Baked Goodies

If you're skilled enough to bake and have quality equipment where you live, you can accept orders on cakes, cupcakes and other baked goods from your fellow OFWs and even your non-Filipino colleagues. Everyone loves to eat especially sweet treats and you'll surely make use of your baking skills to gain additional income while working abroad.

5. Mobile Phone Load

Despite the popularity of the internet in connecting loved ones from around the world, many OFWs still prefer to communicate through mobile phones. If you know a many fellow Filipinos who still contact their loved ones this way, you can put up your own phone load business. This can be beneficial especially when your target customers still have to travel to another city just to buy their prepaid cards or have to contact someone back home when they need load for their roaming number.

6. Room Rental

If you're lucky enough to rent a whole house or apartment as an expat in the country you're working in, you can consider renting out some rooms or bed space to fellow OFWs in need of a decent place to stay. The monthly income you can get will be a good source of additional funds that will help offset your rent on the property itself. Alternatively, you can cater to the needs of Filipino travelers who will need a temporary place to stay and you can charge a per-day basis just like in AirBnB or CouchSurfing.

7. Stock Market

You don't need millions of pesos to engage in the stock market. For as low as P5,000 you can already open an account to be able to buy and sell company stocks. You'll need to do some research and a bit of patience though when you're in this game. But once you're successful and get the hang of the usual trends, you can gain profits that are much greater than when you leave your money in the bank.

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6 Comments | Add yours
  • Mark Joshua Santos

    Investing in a condominium or a real estate would also be a good source of income for OFWs. Putting their earnings aside, the rental income coming from their investments would be also of big help for them. But I wonder, Is it good to invest your money on real estate instead of putting it into stocks?

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  • lolita

    ofw returning home small business that i can start inside the subdivision

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  • angilee

    Hello everyone!
    for those who are looking for a complete business package with locations inside & outside the malls
    i can give you business options and opportunity
    kindly check our ads for more details
    https://www.olx.ph/item/rush-sale-business-package-earn-60k-80k-monthly-with-good-locations-ID7TL86.html
    thank you & God bless

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  • iraonherdreams

    This post is very informational for an OFW like me. I have started crossing out some of the lists and planning to do the other ones. Just this month, I have invested in the stock market and I am very positive about the outcome. Thanks for your posts!

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  • Chicos

    Well, honestly investing for some business purposes is the best way to make your goal lighting up with a great opportunity. For the ofws, just stick with the loan in the first until you see your achievement in the future. You can reach your goal through business loan as well. I really appreciate this post.

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  • Theresa

    Want to earn a passive income with guaranteed refund if you don't earn anything using the system? The system that we're using was founded by a former OFW who has a vision on helping his kababayans to achieve financial freedom. If you are interested, you can email me at [email protected], or you can click on the link for additional information. http://bit.ly/2wHt6t5

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