11 Tried and Tested Business Ideas for OFWs

11 Tried and Tested Business Ideas for OFWs

“Bagong Bayani” (new heros) – that’s what we call our overseas Filipino workers (OFWs). Indeed, they are. They contribute about 10 percent of the country’s gross domestic product (GDP). That’s quite a lot!

Being an OFW is not easy. OFWs have to endure being away from their families and the insecurities a foreign land, a foreign culture, might present. But the quest for a greener pasture and the desire to improve their family’s’ condition back home motivates OFWs to face the uncertainties of working in a foreign land.

Payday Fridays mean differently to OFWs that it does to us who work here in the country. Payday Friday is not an opportunity for a lavish night out on the town. For OFWs, it means taking a trip to the nearest remittance center to send the hard-earned money back home to the Philippines.

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Indeed, the money our OFWs send back home is hard-earned. So, it would be unwise not to make something out of it.

Are you an OFW? Or, is your relative or are your relatives, OFWs? If you think your income as an OFW is not enough to help your family live comfortably, or if you want to make much more from what you earn abroad, maybe it is time to seek out other investments for you to earn some additional income.

Yes, starting a business or investing your hard-earned money can be quite intimidating or scary at first. But such is life. You have to take risks. But do so with enough safety nets.

Sp, in this article, we will provide you with practical choices that you can consider as your next investment venture. Here are 11 good business ideas OFWs can try.

1. Buy And Sell

Image result for Buy And Sell
CNBC.com

Buying and then selling goods is a great way to make some additional income while working abroad. You can sell imported products to people back home in the Philippines. And you don’t need to start big with these. You don’t need a big inventory to start selling.

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Start by selling on a per order basis. Just be sure you have someone in the Philippines who can manage the logistics for you, i.e. deliveries and whatnots.

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.

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