What Business Can I Start With 1000 To 2000 Ghana Cedis?

What Business Can I Start With 1000 To 2000 Ghana Cedis?

Although starting a business in Ghana today would cost a lot of money, and most people have chosen not to turn the business ideas in their heads into reality as a result of not having adequate capital. But unknowingly to them, they can start a business with the little they have.

Yes, you read that correctly. While you would need money to start any form of business in Ghana today, do you know that the amount of money you would need as capital for that business depends on the kind of business you want to start?

Well if you intend to start a business today but you have as little as 1000 to 2000 Ghana Cedis, then you need to go through this article.

In this article, we’ll highlight some businesses you can start and run successfully in Ghana with as low as GHC1000 or GHC2000.

What Business Can I Start With 1000 To 2000 Ghana Cedis?

Certainly, there are 10 lucrative business ideas that you can start with a budget of 1000 to 2000 Ghana cedis:

1. Farming
2. Scale Phone Accessories Business
3. Small Scale Foodstuff Business
4. Affiliate Marketing
5. Recharge Card Business
6. Hairdressing
7. Graphic Designing
8. Soap Making
9. Selling Of Clothes
10. Dropshipping Business

1. Farming: The agricultural sector in Ghana has a lot of potential and offers a lot of opportunities for Ghanaians to make money. Meanwhile, if you are looking for businesses to start with 1000 or 2000 Ghana cedis then there are many profitable farming businesses you can start with that budget in Ghana. However, some of them are poultry farming, pepper farming, tomato farming, fish farming etc. You can start any of these farming businesses as long as you research and plan ahead of time.

2. Small-Scale Phone Accessories Business: While you can start a small-scale phone accessories business with a budget of 1000 Ghana cedis, it still requires lots of planning. The phone accessories business is growing rapidly due to the increase in the use of mobile devices and the desire of phone users to customize their phone appearance. However, with a good and flexible business plan, you can get started immediately.

3. Small Scale Foodstuff Business: The third among the list of top 10 businesses to start with 1000 or 2000 cedis in Ghana is the foodstuff business. Regardless of your location, the rate at which foodstuff owners are making sales isn’t small. The market is so large that it constantly generates daily income.

Perhaps, before you start your own foodstuff business, it is ideal that you understand how it works including the profit margins. However, your business location to your business strategy play a vital role in how successful your foodstuff business will be in Ghana.

4. Affiliate Marketing: Many Ghanaians are now looking for ways to become an affiliate marketer in Ghana. Nonetheless, many people think that affiliate marketing doesn’t require any form of hard work or training. But it doesn’t work that way. While you can earn money as a newbie affiliate marketer, it is advisable to have a good mentor and undergo training before getting started.

Meanwhile, with 1000 cedis, you can successfully start up an affiliate marketing business by promoting other people’s products through paid adverts for a commission.

5. Recharge Card Business: The 5th on the list of top 10 businesses to start with 1000-2000 Ghana cedis is the recharge card business.

Millions of Ghanaians have access to mobile phones and each individual has a recharge card almost every day. What this means is that a recharge card business is a profitable venture to invest in your 1000 Ghana cedis. However, the process involves getting the knowledge, a computer, A3/A4 paper, a recharge card printing machine, and software to decrypt the pin codes. With everything in the set, you are good to kickstart.

6. Hairdressing: Hairdressing is a highly lucrative business to start with 1000 or 2000 Ghana cedis.

First, to start a hairdressing business you need to be creative in hairdressing. You also need to be good at what you do and provide exceptional customer service. Then choose a good location, purchase the needed equipment, and furnish your store.

7. Graphic Designing: If you have good graphic designing skills or are passionate about graphic designing, then launching your own graphic design business is very possible with 1000 cedis.

As businesses and nonprofit organizations like mosques, churches, and other charity organizations need the services of a graphic designer, it entails that it is a profitable business to consider.

However, the basic requirements are to learn graphic design, gain experience, buy your computer, and embark on the journey of starting your own business and getting clients with your exceptional graphic design skills.

8. Soap Making: With less than 2000 Ghana cedis you can start up your own soap-making business. And the wonderful part of this business is that you can start it from your home.

However, you need to learn how to produce soap before you can launch your product. After acquiring the basic skills, you can now proceed to buy the ingredients and the necessary equipment to kickstart your business.

9. Selling Of Clothes: Another way to dive into the fashion industry is through the sale of clothes. Naturally, clothes are among the top commodities in Ghana. And thereby, taking advantage of it will earn you a good income.

There are many ways you can start the sale of clothes in Ghana. You can decide to start offline or online, or as well as starting both online and offline.

Nonetheless, with a budget of 1000 to 2000 Ghana cedis you can successfully start selling clothes. You can leverage online platforms and sell your clothes faster. With online platforms, you have the chance of getting hundreds or thousands of customers if you make use of it properly.

10. Dropshipping Business: Lastly on the list of businesses you can start with a budget of 1000 to 2000 Ghana cedis is the dropshipping business. The dropshipping business has come a long way to stay in Ghana.

Dropshipping business involves the selling of other people’s products without holding inventory.

As a result of its business model, it has gained popularity in the Ghanaian market. However, to get started you need to identify a niche and the product you want to sell, then research the pros and cons, and finally create a solid marketing strategy to promote the products.

Conclusion

We believe that this article has answered your question on the businesses you can start with 1000 to 2000 Ghana cedis in Ghana. However, what is important is your ability to do in-depth research and analyze the business that suits your choice.

Ambassador Victor Chidera
Ambassador Victor ChideraAmbassador Victor Chidera is a business consultant, writer and a blogger. He provides lots of professional and expert advice to small businesses, entrepreneurs and organizations. He has many years of experience in business, teaching field, and research work. And his aim is to provide business articles that matters to you both nationally and internationally.
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