What are the excellent small business investment opportunities in Somalia?
What are the top business ideas and opportunities in Somalia for small business starters and investors?
Do you want to start a business in Somalia with low capital?
Are you a Somalian looking for small business that you can start with little or no money money. Are you an entrepreneur searching for small business to invest on?
Do you have small amount of money but you don’t have any business idea. There are lots of small business opportunities in Somalia.
Somalia is a land of great opportunities, especially for those who are willing to take the plunge.
But despite the countries rapidly growing economy, employment opportunities are still limited for a native, which has pressed Somalia to create employment opportunities of their own.
Somalia is a country located in Southern Africa with 15 million plus citizens.
As the economic landscape changes, Somalians are trying their hands at a range of lucrative business opportunities.
To set a business in motion, an entrepreneur needs to evaluate the commercial feasibility, market status and future possibilities.
However, before anything else, a business requires a persuasive idea and capital to incur the initial expenses. The beauty of this blog post is that little or no capital is required to launch the businesses ideas that we will discuss.
As you read through this list, you will discover some of the best, low capital business ideas in Somalia that are proving to be very profitable.
If you are in Somalia or a Somalian/Investor planning on how to start a business in Somalia and which business to start, Below are 10 profitable business opportunities in Somalia you can start with little capital;
Profitable/Lucrative Businesses You Can Start In Somalia With Little Capital
Here are list of most Successful Small Business in Somalia with little capital investment.
1. Roadside Fast Food Corner:
This is an old tried and tested business. If you wish to reap the rewards surely, but steadily, food is an excellent business domain. Food is an essential need and its demand can never come down. Thus, it is considered a money-making activity. If you are hard working and wish to test your culinary skills, you can opt for this business choice.
Maintain quality, good portions, be
exceptional and create your own brand. Follow these simple tips and first time visitors will quickly become regulars.
2. Office Supply:
Office workers are usually totally engrossed in their work, work long hours and often have little time to shop. Contact your local offices and enquire about being an office supplier. You can provide them with everything they need, from office accessories to fashion items and grocery products. The only advice –
Don’t be greedy, but honest and fair with your prices. The key is to keep them happy so you can make a steady income and gain referrals. Don’t look to get rich quick.
3. Rice Farming:
4. Website Designing:
This is quickly growing to be one of the most favorable and budding business domains for young entrepreneurs, not just in Somalians, but also across the globe.
All you need to have is a deep and clear understanding of online processes, marketing strategies, SEO tactics and legal guidelines. This is cost-effective, futuristic, gainful and customer-focused.
5. Internet Business:
Can you imagine this world without the Internet? Surely not, You and Us won’t Like that. Somalians and Africans as a whole are avid Internet users.
If you can provide Internet connection at fair prices, throw in the occasional offer, and advertise smartly you could earn plenty of money.
Education is a fundamental right, but ironically, there aren’t enough good schools to offer it. Not just Somalians, but every parent in the universe wants his child to have the best education. As there is an absence of high-quality schools in Somalia, tutoring can fetch you high income.
Don’t limit your options to academic tutoring. Turn your hard and soft skills in to a lesson. For example can you play a musical instrument? Can you draw or design jewellery? Are you a food lover or cook? Are you highly skilled at a specific sport? Website design? Maybe you have a passion for creative writing, dancing or even
Tutoring is an excellent small business in Somalia to make money. You can decide to do it part time or full time. Before you go into Tutoring make sure you have an exceptional knowledge and experience in your specific area/niche.
7. Snail Rearing:
If you establish yourself as a snail retailer, you are surely on the way to immense wealth. Snail rearing is an effortless task, as it requires less expenditure on food and shelter.
They reproduce at a faster rate and
the Somalians markets are always willing to pay for them.
8. Poultry Farming:
According to our research, poultry farming will be said to be one of the cheapest and most unique business one can start in Somalia.
Poultry farming is expanding as fast as possible, This sector has what it takes to be successful. Birds are easy to rear; they breed fast and quickly mature to market weight.
You can start off small and quickly scale up which makes poultry farming a profitable business in Somalia. Sell eggs and meat in the market and get your pockets filled with cash.
9. Second Hand Products:
Who doesn’t like spending less for
something really superior in quality? Somalian can readily pay anything for second-hand products if they are fit for use.
For this business you need to understand what people want to buy, and build connections with suppliers who can provide you with the goods. Start small, focus on quality, chargebreasonable prices and build your customer base. The key is to keep your customers
10. Palm Oil Retailing:
However, first learn – where to buy, where to sell, how to store and how to resell. The demand for Palm Oil can never plunge in Somalia and your profits too.
But remember the success is in the planning , and your ability to execute your plan. There are some key elements that you must assess before committing to any business venture.
These are profitable business ideas in Somalia one can start and they are very lucrative for all Somalian and investors.