10 Businesses You Can Start With GHS 500 Or Less
Are you thinking of starting a business in Ghana with little capital? Or are you afraid of venturing into a business with huge capital at once?
Whatever your reason may be, this article is going to recommend to you some 10 businesses you can start with GHS 500 or less.
We all have a business idea we wish to pursue one day, but the only thing that is hindering us is the capital required to start the business. For people like us, knowing of a business you can start with little capital is our ideal solution.
Also, some of us have the required capital to start the business but we are afraid of the risks that are associated with the business. What if the business does not succeed? Does it mean all your capital is gone?
For people like that, the best option is to start a business that involves a little capital. If you fall under any of these categories, this article is the perfect fit for you.
10 Businesses You Can Start With GHS 500 Or Less
Below are the top 10 businesses you can start with GHS 500 or less. Please note that the businesses are not listed in any specific order.
The first cheap business to start in Ghana on our list today is Farming. Farming? Yes, farming.
For some time now, Farming has been considered a job for those with little or no educational background in Ghana. This is very bad and it needs to stop as soon as possible.
Farming is one of the businesses that everyone can start in Ghana; whether you are educated or not. Aside from that, the capital required to start a farming business in Ghana is very low.
The only thing you need to pay for is the land; which you can rent at a cheap price. Once your business booms up, then you can choose to buy the land for yourself.
2. Selling Mobile Recharge Cards
Selling mobile recharge cards in Ghana is one of the most popular and cheap businesses in Ghana. Unlike other businesses where you need to perform a lot of paperwork, starting a mobile recharge card in Ghana doesn’t involve any paperwork.
All you need to do is to get a place where you will sell your recharge card and then you are good to go.
Once you can find the place you will sell your recharge cards, you can then visit any of the mobile network offices to buy your recharge card.
3. Disk Jockeying (DJ)
Have you ever gone to a funeral with music or DJ before? Have you gone to a wedding with no music or DJ before? The answer is a big NO! DJs are found at almost all social gatherings in the country.
Aside from that, starting a DJ business in Ghana is very cheap and easy. All you need to do is to get a laptop with music and two (2) big speakers. Once you find these tools, you can start your DJ business and start earning almost every week.
4. Barbering Salon
Barbering salons are one of the most essential businesses in the world. No matter your location, you can start a barbering salon and it has a higher chance of succeeding.
To start a barbering salon, you need to have a shop where your business will take place. After that, you can start with just one (1) clipper and some brushes and then some electricity.
Once your business starts to generate some revenue, you can then increase your tools and materials needed. With the electricity, you can even use GHS 200/month.
The next business on our list today is Blogging. Blogging is one of the most difficult businesses to start in the world; but once your blog picks up, you are assured of some cool source of income.
To start a blog, all you need to do is to purchase a web hosting and domain name. Once you finish purchasing the web hosting and domain name, all you need to do is to feed your blog with posts.
6. Shoe Making
Shoemakers are one of the most important but less recognized people in society. Shoemakers are wanted everywhere in the country and every single day.
Unlike any of the businesses listed above, the cost of starting a shoe making business in Ghana is very cheap. Once you get a shop or box with some thread, glue, needle, polish, etc. you can then start your shoe-making business.
7. Freelance Writing
Freelance writing is the cheapest businesses to start in Ghana with less than GHS 500.00. To start a freelance writing business, you just have to get a laptop, or tablet, sign up for a freelance writing service, and then start making some cool cash.
In case you want to reach more customers and clients, you can spend some little cash on digital advertising and you will be assured of a good outcome.
8. Selling books and stationery at schools
Selling books and stationery at schools (especially public institutions) is one of the cheapest businesses to start in Ghana. All you have to do is to buy some books, pencils, sharpeners, erasers, and other stationery.
Once you get these items, you can proceed to the school of your choice and then ask for the fees you will need to pay. The fees you will be asked to pay to sell in the school shouldn’t be more than GHS 200.
The remaining businesses you can start with less than GHS 500 are listed as follows with no explanation. This is because these businesses are pretty straightforward and self-explanatory.
9. Manufacturing and selling of locally manufactured liquid soap
10. Making fruit juice
The businesses listed in this article may sound very easy to start but in actual terms, you need to be a little more committed.
Because the amount needed to start these businesses are a little cheap, you are likely to relax when you begin the business. That shouldn’t be the case.
I hope this article was helpful. Feel free to write your suggestions and comments in the comment section below and I will attend to every single one of them.