20/03/2019
20 PROFITABLE BUSINESSES YOU CAN START IN 2019
The year is already running at a fast pace. Yet, many people have not come to terms with the financial roadmap that will shape their finances within the remaining parts of the year and beyond. Now, the psyche of many individuals is taking a leap at self-employment. The era of the traditional 8-5pm work routine is about to change, as more persons are keen on establishing self-propelled businesses. If you belong to this latter school of thought, we say congrats on the bold step.
Nevertheless, your journey to self-employment tends to have a cog in the wheels when a feasible roadmap or clear direction is not in view. It is a good idea to build an empire. However, there are many business opportunities out there. Which of these are you settling for? That is the first poser you have to solve, while we continue with realistic approaches to floating a business that will be feasible this year (2019) and stand the test of time.
Before you make a Choice, Think!
Before you make a choice from the list of business prospects we’ll present shortly, it is pertinent to consider these factors. They will not only influence your decision in a positive way but will enhance your stake at the chosen venture in the years to come.
• The Passion
If you must make a bold impression with your business, it is pertinent that you are attracted to it. The passion/innate happiness you derive in the business should hold the first spot above the financial benefits. This is among the secrets many entrepreneurs use to remain relevant in their fields of endeavors. When the going gets tough, you will not have second thoughts about the business, because that is what you love doing.
• Identify the Market
It will amount to shooting yourself on the foot by choosing a business that has zero market potentials. Always identify the current needs of the given population/set of prospective consumers (which is the target market), and provide services that can solve such needs.
• Get a Mentor
Finally, forge an alliance with current players in the industry. With the odds in your favor, you can get first-hand insight to the workings of the businesses. Armed with this data, you will be in a better position to scale the risks and hitch a ride to riches.
On Your Marks, Ready, Go!
We are ready to set the ball rolling. Are you ready to take the underlying risks and stare poverty in the face with a smirk look? Then, join us as we take you through the list of 20 feasible business opportunities you can tap into in 2019.
1. Pure Water Production
As the legendary Afro musician, Fela would put it, “water no get enemy”. True to that statement, there is a ready market for water. People are always on the move, and except for the few that carry a bottle of water, others depend on sachet (pure) water to quench their taste. This is a lucrative business, especially at this period when the sun is literally biting into the human skin.
If you have some millions to spare and you are willing to take the risks for the first few years, we suggest opening a sachet water factory. However, go on a feasibility study before doing so. Many people’s mentality is wired to desist from startups. If you cannot cope with the challenges at the onset, become a distributor to established franchises. Through this avenue, the methodologies of running the business will be clearer to you. After that, take steps to launch your factory in a choice location that is also at proximity to the consumers.
2. Fast Food
In the human scale of preference, food, clothes, and shelter are the three (3) core needs. The fast-food business is an untapped goldmine. The notion that the uneducated/wretched are the core beneficiaries of the business is not only wrong but also a ploy to keep you swimming in the ocean of financial lack.
There are many ways to operate this business. Get a cart to ply your trade in the streets. If this proves hard for you, consider floating a mini restaurant. The latter does not only gives you full control of the finance but also reduces expenses, such as paying staff and rent.
3. Importation
At the mention of the word, “importation”, many people tend to go into a frenzy. There is no doubt that the business is profitable but you cannot import everything that catches your fancy. For instance, you can reach an agreement with a school to supply branded umbrellas or backpacks to the students. Once the deal pulls through, search for foreign manufacturers that can supply the products to you at cheaper costs, while you pocket the lion’s share of the money.
On the other hand, you can delve into the importation of bales of clothes from Cotonou and other regions where they are cheap. Tokunbo (car) spare part importation is also lucrative. Nevertheless, you must have some hundreds of thousands to get into the business.
4. Car Wash
You can start this lucrative business with little investment. Get a good space, purchase washing materials, such as buckets and detergent. In addition, you can install a water tap and hoses for dispensing water as you wash the automobiles.
5. Freelancing
Remote working is the latest trend. Interestingly, this industry is waxing stronger as months go by. Freelancing/remote jobs put food on the table of 40% of the American population. The same...
See All 20 Businesses Here:
The year is already running at a fast pace. Yet, many people have not come to terms with the financial roadmap that will shape their finances within the remaining parts of the year and beyond. Now, the psyche of many individuals is taking a leap at self-employment. The era of the traditional 8-5pm w...
