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Sunday 15 April 2018

10 profitable businesses you can start with K2,000 or less capital | WestMac Media

By Prince Simwinga 
1. GENERAL BRANDING & SHIRT CUSTOMIZATION: 
People would always need customized shirts to celebrate birthdays, weddings, burials, concerts, etc. Organizations would always need branded souvenirs, stickers, furnitures, wears etc. Team supporters also need it to show off their team. You may choose to play middle man in this business and make good profits or actually learn the simple branding skill and make mega profits.
 2. LIVESTOCK FARMING:
Rabbit farming; they can even play in the living room. Very cute creatures. Some would even buy from you as pets. 

3. TUTORING: 
Yeah, you read correctly. Home lesson, exam training, campus tutorials, WhatsApp seminar etc. People like Helen would chant "Coach, I don't know how to teach oh". My reply to her was "Very few people are born excellent tutors, most are self made! Take teaching like you're gisting and it would flow naturally. Don't try to "act" a standard teacher". Well, that same Helen just bought a Pathfinder Jeep from running home lessons for clients. Friends, you're definitely good at a subject, and even if you're Head-of-Olodos, you can handle primary school subjects. Do fliers, banners and some branding with your capital. No matter your age, this is another well-paying job, either as part-time or full-time. It's mostly in the evenings, so expect serious flexibility. It mustn't necessarily be home lesson, it could be WhatsApp seminars or something. Just improvise. Trust me, people are willing to pay! 

4. BED SHEET/BEDDING PRODUCTION: 
Every major state have a huge market to get materials in bulk. Go to Kamwala, COMESA and Pick awesome materials. You'll find tailors to work on it in that same market. Don't limit yourself to just bed sheet. There's table cloth, handkerchiefs, boxers etc. Please never make the mistake of producing a lot of products then become stucked without selling. Always create a market demand before mass production. 

5. DIGITAL MARKETING: 
I wish you knew the desperation of thousands of businesses looking for more sales. Without sales, there's no business. That's where digital marketers come in handy. A review said 50% of the world sale would be performed online by 2020. So there's a pressing need for this skill! About K900 can buy a digital marketing basics course. Less than K500 to register business name for better packaging. That's it, you're already in business. Also, make sure any digital marketing course you pay for contains templates of proposal letters to organizations. 

6. MINI IMPORTATION BUSINESS: 
Sweet business if done right. My student sold a John Foster shoe to me for K1,000. I pondered how he made profits as that amount seemed to be lower than other shoe stores in town. However, I stumbled on my laptop one afternoon to see a Chinese wholesale website selling it for $55 (K560). That's over 100% profits! The accessories you buy for K90 can be gotten for $6 (K65). Items like phones, electronics, wears, etc. The list is endless. With less than K1,500 capital you starts your business. 

7. SNACKS and DRINKS: 
The production skills are pretty easy to learn. What should distinct you in this business is your packaging and smart marketing strategy. Always value customer service. You may not need a shop for a start. Just have a good supply chain and show-glass if need be. You’ll grow! Production of Smoothies, cocktail, sausage, small chops, cupcakes. 

8. FAIRLY USED WEAR'S (SALAULA): 
Wait, when I say "fairly used wears" I'm not talking about the heavily degraded ones you see in the market. Most wealthy people don't wear cloths repeatedly. So what happens to those cloths? Bros, if Bill Gates decides to give away his cloths, I'll bottle my pride, collect them, and upload selfie. My point is fairly used cloths are of different grades and you can access them with less than K1,300. 

9. FRUITS AND GRILLS: 
Grills and fruits are eatables that people usually buy on impulse. The amount of money grilled meat sellers have collected from me, it can build three bedroom flat and small swimming pool. Fruits and Grills business just need a "strategic location". Make your research, it's super lucrative. 

10. PARTNERSHIP: 
Entrepreneurship is not for everybody. Yeah, some are just meant to do the 9-5 behind the desk job. We all have that one person around us we know is very good with business. Invest with him or her. Learn to leverage the power of partnership. It's a soft way to get passive income. If you have a strong will to "hustle" K2,000 isn't really challenging to raise. Also, the more money you invest, the easier it is to create a system for more profits. 

PS: To avoid unnecessary losses, don't go into any of this businesses without a "guide" from an expert in the field. If you're an expert or know any expert in any of the business above, please mention him or her in the comment section. 
__________ 
About the Author: 
Prince Simwinga offers Mathematics tuitions in the following areas:- 
• Ordinary level syllabus D for GCE and grade 12s; 
• College/university mathematics for first year. I am in Garden chilulu Lusaka. I can follow you at your place and teach you for those who are very busy but terms and conditions apply. 
Call/WhatsApp: +260 962 242719.

1 comment:

  1. Great tips to start your own business. I especially liked the way you have mentioned 50% of the world sale would be performed online by 2020. Could you please share the source of where you read it. I am interested in knowing more about it. I also find many people have started online store selling customised T-Shirts. This seems like a lucrative business.

    I am a digital marketer and do provide training in the same subject. Do visit my site at https://skartecedu.in Thank you!

    ReplyDelete

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