Building Business from Trend Forecasts

Building Your Business from Trend ForecastsDo you want to be your own boss? Are you ready to make some extra pesos? Have you thought about starting up your own business?

Now, more than ever, all the tools you need to build a business are available to you. 

Yes, you! 

We’ve looked at forecasted trends to help you explore some of the most lucrative small business ideas, perfect for those who are just starting out. 

Smartphone Repairs
It is no secret that Filipinos are fans of taking a good selfie. US news juggernaut, TIME, reported that Makati Centre, the financial capital of the Philippines, produces more selfies per capita than any other city in the world – so, why not capitalise on that?
More people buying smartphones equals more people breaking them! Imagine if you were the person who could help repair them and the money that could be earned by doing it.

So, go beyond imagining. With hundreds of online courses available, all you need is a little Internet to become the qualified phone repair technician the Philippines needs. Suddenly, you’ll have queues of customers waiting to get their smartphones fixed, fit and ready to take the perfect selfie. It’s a no brainer.
Eric Yu, CEO of the leading cell phone distribution brand in the Philippines, stated ‘I think this industry will continue to be vibrant and will continue to grow. So we will continue to innovate and be in the forefront of technology that’s affordable.’  
What’s more, the selfie is expected to get even better thanks to the introduction of infrared sensors. Global smartphone manufacturers, Apple and Android, have both announced that they are looking into ways of using infrared sensors in phones in order to record depth perception - 3D selfies anyone?

How does it work? Using an infrared illuminator to shine a pattern of thousands of IR dots, an infrared sensor can then determine a map of the space, creating a 3D image unlike anything seen before in mobile recording technology.

The selfies could be revolutionized using these kinds of sensors – much like the infrared sensors available on RS Components.
With the already amassed popularity of smartphones, and the forecasted developments ahead only predicted to increase that popularity, starting your business in smartphone repairs is a smart idea indeed!
Online Shops
Talking of smartphones, did you know that over 60% of online traffic comes through using browsers on smartphones? If so many Filipinos are using their smartphones to take selfies, that’s an entire market of people able to access the Internet from their very pockets.
Why not start an online shop to sell goods and products directly to them?
Hosting an online shop is a cost-effective way of starting your own business, for sure. Without the need for a shop floor, office or warehouse space, you save on having to rent by working from your own home. All you need is internet access, a website and determination and you’re good to go! If you’ve got the ‘get up and go’, starting an online business from home is a simple way to access a very large group of people. There are so many additional benefits, whether you want to start an online business alongside your conventional store, or have a stand-alone ecommerce site.
Have faith in yourself, take that big step and be your own boss with an online business.
Personal Training 
One job that requires you to have a lot of faith in yourself, and a lot of stepping, is personal training. To become a personal trainer, you don’t even need to have internet access, all you need is your body (and perhaps a little extra drive than the average person). 

Small business growth is most commonly increased by word-of-mouth.

Once you feel ready to share your fitness tips with the world, start building a network of friends, family, colleagues anyone who will listen, and soon enough if you can truly walk-the-walk as much as talk-the-talk, your new business venture will surely take off.
If you feel like improving those networking skills, to help move your business along, check out our top networking tips.
Getting into fitness and personal training will not only benefit your health, but will also be in demand for long time to come. According to the Food and Nutrition Research Institute Philippines, 1 in 4 children are now already considered obese.

As numbers are only predicted to increase the future of personal fitness could be a very lucrative future. Maybe it’s time for you to hit the ground running.
What Should You Do?

Even though starting a business on your own can be simple it can also be incredibly risky if you’re not making smart choices.
Analysis of current trends and predicted trends is a sure way to justify why and what it is you are planning to do. Researching the numbers, facts and figures could lead to you finding a gap in the market and, if the numbers truly add up, find all the success you could ever have dreamed of.


By doing the research and reading this advice, you’re already on the way to becoming a conscious business owner. Keep going! Take a look at the other hints and tips available online.


When are you starting your own business? Receive cool updates like this when you subscribe to PisoandBeyond!


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