Before embarking on any commercial enterprise, it is prudent to:
Consider what you actually enjoy and are good at.
determine a clear need to address
conduct as much research as possible (for example, about your target audience, demand, competitors, pricing and so on)
Seek advice from a mentor or advisor if possible.
Determine how much time and money you are willing to invest.
create a business strategy
2022’s most profitable small business prospects
In 2022, two major trends will influence business success:
a shift to online shopping, learning, work, entertainment, and social interaction
difficult economic conditions
Both of these factors have created (or increased) demand for certain small businesses.
Cosmetics and other small luxury items e-commerce sites
Although the economy is hurting, more people than ever are turning to the internet for “retail therapy.”
Online sales of little luxury items are exploding.
The most popular things provide a nice amount of indulgence at a price that is affordable to the ordinary wage earner. This year, hair and beauty items are particularly popular. Things for the home (including handcrafted items) are also popular.
Services for home-based businesses
Businesses are seeking for ways to cut costs. Many businesses have reduced full-time staffing or are cautious to hire new employees.
This has paved the door for more contractors globally. Individuals who can provide needed services at a low cost (without the need for office space or full-time contracts) are in high demand.
Bookkeepers, virtual assistants, recruiters, HR specialists, programmers, editors, writers, and others are some examples.
Rather than looking for work in your field, you could create a company name and market your services to a variety of businesses.
Food deliveries made from scratch
People are still staying at home more than a year and a half into the pandemic, but many are sick of cooking.
Deliveries of home-style dinners and other delicacies are in high demand.
Homemade pet food (free of fillers, salt, and low-quality cereal) is another potentially viable niche business.
Prepared foods can be effectively sold through personal networks, word of mouth, and sponsored methods.
Tutoring over the internet
Disruptions to academic calendars have impacted learners everywhere, from elementary school pupils to university students.
Face time with teachers is restricted.
restricted resource access (like physical libraries).
At the same time, kids have grown accustomed to being taught through their computers.
Both of these causes are increasing the need for online tuition.
Private tutoring is an excellent method to supplement your income if you have high grades, are studying in a related subject, or have an applicable certificate.
If you lack a specific qualification, you can provide homework aid to younger children, perhaps in conjunction with an aftercare agency.
Provision of mobile services
Any company that is willing to travel to their customers’ homes may have a competitive advantage.
Mobile mechanics, hair stylists, personal trainers, children’s tutors, and pet trainers are a few examples.
The desire for social distance isn’t the sole factor. Customers benefit from not having to sit in traffic, spend money on gas and parking, or lose time navigating busy shopping malls.
Other low-start-up-cost business concepts
Starting a new business does not have to cost a fortune.
Deliveries of groceries
Demand for grocery deliveries is at an all-time high as a result of the pandemic.
The delivery networks of supermarkets are overwhelmed. This means that there is lots of opportunity for local entrepreneurs to provide their services.
People who are accustomed to having their veggies, fresh-baked bread, or other goodies delivered will most certainly continue to cherish this service after the pandemic. It saves them both time and trouble.
Local excursions
It’s only a matter of time before South Africa attracts record numbers of tourists.
If you’ve lived in your city for the most of your life, you have an advantage over the usual tour guide. When visiting South Africa, many tourists prefer to have a more authentic experience.
Home-based baking business
South Africans like cakes and pastries, particularly regional favorites such as koeksisters and milk tart.
If you adore baking, approach local eateries and coffee shops and offer your services as their daily baker (ideally with some samples). Every day, most home kitchens can generate a few cakes, tarts, and pastries.
Services for writing and editing
Consider creating a website and offering your editing or writing services professionally if you have these skills.
As more businesses move part or all of their operations online, the demand for well-written web content is increasing. You can provide content marketing services if you are conversant with SEO fundamentals and have great copywriting skills.
South Africa, for example, is a notable travel destination. A blog could provide potential visitors with an insight into everyday South African life. Write articles with appealing images about your favorite local places and activities.
What kind of business can I start in South Africa with R1000?
Writer, editor, or proofreader on the side
The demand for freelance writers, editors, and proofreaders has expanded as the market for publications in all of South Africa’s official languages has grown. There are numerous internet places where you can apply for writing and editing jobs.
