Are you thinking about starting a business with little amount like Ghc500, 1,000 or even more here in Ghana? If yes then this article is for you. At the end of this article you are going to discover the lowdown of “Businesses You Can Start with Ghs 500, 1,000 Cedis In Ghana 2021-2022”
Since this is a digital marketing platform we will be looking mostly in the online aspect and also physical face-to-face aspect as well, but not as much as online ones. This means you got everything covered here in this article or guide.
1. Start Buying and selling domains:
This is one of the simplest ways to make some extra bugs as side hustle with a low start up. You will be buying and selling domain to individuals or businesses online. Domain names do not cost all that much, in Ghana Stormerhost are selling domain names as low as Ghs55.
Examples of domain extensions are .com, .biz, .edu, .org, .int, .net etc. Domain names (Bronzereview.com, ransford.com, ghanaweb.com, zionfelix.net etc)
The idea behind this is, you will be surfing and searching for domain names that are simple and valuable. I mean names that businesses will like to use. “VacationRentals.com” was sold for $35 million some time ago. 😎😎😎
So here what you need is smartness and the start searching for domain names you will find profitable purchase them first and start reselling them. To be located in Ghana, web hosting service provider like Stormerhost allows individuals and internet marketers to Resell domains.
Click Here To Visit: Stormerhost Official Website
2. Start Drop shipping:
Dropshipping is a form of retail business where the seller accepts customer orders but does not keep goods sold in stock. Instead, in a form of supply chain management, it transfers the orders and their shipment details to either the manufacturer, a wholesaler, another retailer, or a fulfilment house, which then ships the goods directly to the customer. (Wikipedia)
So here, what you will need personally is an online store in which your customers will make their orders through you. You get paid a commission once orders and sales are made through you.
And the best thing is you do not need to worry about shipping an others because it all will be dealt with by the retailer you are just serving as a middle man.
For Dropshipping it will cost you $50 thus, less than Ghc500 to get into it sometimes more when you know nothing about creating online stores and designing. You will have to pay a freelancer to perform these tasks for you and then pay them. After that, you choose your niche and then find a manufacturer who is going to deliver the goods anytime someone makes a purchase.
If you are interested in dropshipping and willing to know more you can read more here on Wikipedia.
3. Start Trading Digital Currencies (Investing). Bitcoin, Dogecoin, Ethereum, Bitcash etc:
The richest man in 2021, Elon Musk just posted on the Twitter account that he sees, digital currencies as the future. It is confirmed he invested over $1b in bitcoin alone and his company Space X will join forces with Dogecoin developers in other to make dogecoin one of the best and profitable digital currencies in the world, which he also posted that on his Twitter account.
Investing and trading digital currencies is one of the profitable businesses I will personally recommend for people willing to willing to make extra cash. From the beginning of 2021 till now May 14, 2021. the rate of bitcoin and other digital currencies keeps on the increasing day in day out.
Yours is to just buy with any amount of money you have and decide either to sell to make a profit or invest rather. Before all this, you will have to get a bitcoin wallet that I will recommend,
i. Blockchain Wallet
ii. Coinbase wallet.
Although there lot’s of bitcoin wallets out there on the Apple store and Google Play store but these are the ones I will recommend for my readers.
After that you hop on Paxful;
Paxful is an official website that helps in trading and selling bitcoin and other digital currencies in the world. Paxful has over 4M+ users and I will say it is the most used trading platform for digital currencies.
It is easy to use and have features that secure buying and selling on their platform. I myself use Paxful and Blockchain.
And with Paxful they have favourable payment and withdrawal methods; that’s you can buy and sell bitcoin with;
- MTN Mobile Money
- Vodafone Cash
- Cash App
All most all types of Gift cards (Amazon, Steam Wallet, eBay cards, Vanilla cards, One vanilla cards, Nike gift cards, Google Play cards etc)
- Bank Transfers
- Wire Transfers
With Paxful, you are assured to buy and sell bitcoin and other digital currencies securely online with ease without breaking a sweat and also be safe from online fraudsters.
Visit: Paxful Official website
4. Be A YouTuber:
Who Is A YouTuber?
A YouTuber is an individual that shares content in the form of videos on YouTube. You can also make lot’s of decent money from YouTube. Only if you come out with quality content that the people will love. If I say quality content I mean contents that have value and educate, listeners and watchers.
One thing about YouTube is that you also have to be consistent and produce quality eye-catching videos. You will be paid $18 any time you earn 1000 views on any of your videos and $1800 – 2000 when you get 1 Million views.
A tip for those who find making YouTube videos interesting is that choose stuff Africans to love or is loved worldwide.
1. You can post your comedy skits on YouTube
2. For the ladies you can also make reviews on Pomades, Hair creams etc. And also teach how to put on makeups, Keeping personal Hygiene like weight loss, Teeth Whitening, Teach cooking and many more.
3. You can also give news updates whether it be entertainment, Political, Technology etc news.
4. The last is for the males, You can also create sports channels and post sports updates and nice videos of players that make it big time in football.
5. Start Blogging:
You can start part-time Blogging. I will say it’s easy if you blog about stuff you love and like doing most. You can blog about your self, family and even your school.
Although there are websites here in Ghana that has been around for so many years, has a high website Authority, has quality backlinks, rank for most searched keywords and are well known in Ghana. But I will assure you that you can still start blogging and make it gradually.
Blogging takes a little time to pick up. You will see your traffic picking up within 2 to 6 months if you target your and unique keywords. And also writing good and quality content also will take a lot of time if you are a beginner.
But writing about things and stuff you love, you can write for about a year and still have different stuff to blog on your website. Blogging requires researches in other to come up with quality and unique content on your blog in other to be ranked on page 1 on browsers like Google, Bing, Yahoo, Amazon etc.
You would be surprised about me saying you can hit page 1. You can and you will if you take your SEO serious. Because everything is possible. You will be competing with websites that have been around for over 5years and over.
You can rank high if only you plan and structure your keywords well and go for a demanding niche.
For the picking of Niches you can go for a niche you know something small or have some basic knowledge about. An example is if you love video games, You can promote video games and since you have some basic knowledge you can blog about it anytime you want to. All you need is to pick a profitable niche that will make you earn since it’s in high demand.
One pro tip I will give about picking a niche to blog about here in Ghana is that, do not pick a niche like the entertainment niche by uploading free music for people to download for free.
This thing may be outmoded soon. And upcoming artists will not be allowing bloggers to do that again because they will be earning nothing from people downloading their music for free.
But websites like that get lots of traffic, some get over 1Million visits a month so you can start with that and add entertainment news and sports news in case of any new law you just switch up there without it affecting your blog.
6. Start Affiliate Marketing:
Another powerful business you can start as a side hustle with at least Ghc500 or above is affiliate marketing which I am into. Affiliate marketing is the process of selling products and promoting offers of businesses and individuals. For affiliate marketing, you will get paid on every sale you make or every task you accomplish as an affiliate.
Smart ones can start affiliate marketing by reading and watching some video tutorials on YouTube and boom they become super affiliates. Others have to take online affiliate courses and digital marketing courses in other to help us get what we want.
By doing affiliate marketing well you can earn millions of dollars online, but affiliate marketing takes time, consistency, hard work and smartness.
Below Are Some Of The Face-To-Face Business You Can Start With Ghs500, 1,000 and Above.
7. Phone Accessories (Phone covers, Ear piece, USB drives etc):
You can also start selling as well, but we all know an amount of Ghs500 is not all that much here in Ghana 2021. But then you can start selling some stuff that is in high demand and at low prices. Examples of some of these products are Earphones, Phone covers, USB drives, chargers etc.
Products like this do not cost all that much but are in high demand in the market. You can start with less than Ghc1,000 and make reasonable profits from it as time goes on.
To make more sales selling stuff like these you have to first check some petty stuff;
i. Your Location
ii. Strategy to make sales
You have to be in a good location and that is one of the things you need to ensure or work on it. After that, you can choose your strategy to make sales either face-to-face or online. Mostly, products like these Apple covers sell very much as well as Android covers and some petty stuff like earphones, chargers, USB drives and many more.
This is one of the businesses you can tap into with low startup or investment.
8. Barbering Shop;
Barbering shop is also one of the profitable businesses here you can start in Ghana with a low start-up. Today barbers charge Ghc10 per single adult shave and ghc5 for children and females.
This shows how profitable this business is, but the demerit about this is you really need a shop. And not just a shop but a shop at a good location and also enough money to make it look attractive in other to attract new customers.
With this sincerely, it might cost more than ghs1,000 but then we added this because it’s one of the profitable businesses in Ghana 2021.
9. Make and Sell Stuff like Yogort, Sobolo, toffees, Liquid soap etc:
This is for those who have some skills in these catering and petty petty works. Selling or making drinks like yoghourt, sobolo, ice kenkey etc is not going to cost all that much and as a matter of fact, it won’t cost you above Ghc1,000 to start.
You can package them into plain bottles and sell them in a formal way. You will surely make or increase your ROI as time goes on.
10. Sell Recharge Cards or credit transfer:
This is also one of the businesses you can tap into with a low start-up. Just like you see people in your locality or in town selling these recharges cards you can also do the same. With this type of business, you can start with at least ghc500.
The problem is the profits made when selling stuff like this is very low but one can make passive income if profits are taken care of wisely.
11. Buying and Selling of Ice Water and Drinks:
Lastly, on our list, you can also tap into this business. Water is one thing we as human beings can not live without it. You can tap into this business with a low startup at least Ghc500. Starting this business your budget should be how to get a cooler or fridge that’s it.
We won’t recommend hawking on the roadside selling but rather selling it if front of your house. You will surely make sales as time goes on. Mind you, although the money earned in this business is normally coins but trust me you can make passive income from this business.
To conclude, above are the lowdown of the businesses you can start with at least Ghc500, 1,000 or above. You are permitted to share your suggestions and questions in the comment section.
We will do well to reach out to you as soon as possible….
Disclaimer: The above information is not a piece of professional financial advice, interested individuals should make further researches before adopting any of them. We also, won’t be responsible for any financial loss.