List of Profitable Business Ideas To Venture in Ghana
Blogging (Internet Business)
This is first on my list of the profitable business ideas I want to talk about. Blogging is not for everyone. But if it may be for you, just like any other internet business, I urge you to go into it. Comparing the Ghanaian cedi to the dollar which is increasing on a daily basis you can make a lot of profit from Google AdSense. If the dollar is now 4.6 cedis as at the time of writing this article, any amount you make in dollars is four times your currency.
You determine how much you make by how smart and hard you work. This is seriously a very rewarding business. Startup capital required: Low.
Banking is a very profitable business anywhere in the world including Ghana. I strongly believe that the banking system is making more than enough from the entire human race. It requires a lot of investment but it pays off in the end. Usually, it is best to start in the small towns and villages. Startup capital required: High.
Agriculture is wrongly practiced and perceived by most Ghanaians. We have been made to believe from childhood that farming is for poor people. This is because, a majority of the farmers in the country practice peasant farming – farming to feed their family only. Meanwhile farming when done on a large scale with the right methods can bring more profits than you can expect. Don’t forget that the more you invest in a particular business, the higher the profit margin. If you have the interest in farming, I’d advise that you pursue it, and on a large scale be it plantation, poultry, livestock, vegetable or fish farming. Startup capital required: Medium to High.
Starting your own school may be quite difficult but a good step to financial freedom. This business is more of having a solid brand, providing quality service, and having a good management skill set. If you can really look after people’s kids well, I can assure you that you’d go into this and succeed. Though the beginning may be a bit difficult if you lack some startup capital, I still urge you to start. You can do it. I believe that there is no mountain so big for man. Whatever you dream of, you can accomplish it. Startup capital required: Medium.
All the businesses I’m listing here may be difficult to start, especially for low, and middle-income people, but you know what? If you can take the risk to start something that is difficult, the benefits that will come out of it can change your life forever.
I wouldn’t add cheap businesses like selling of credit cards and stuff like that to my list because though you may make profits, you end up locking yourself in a specific scope of profit that may never increase just like working for the government or for other people. In choosing the profitable business ideas, go for one that can get you exponential income from time to time.
That means your profit graph will always be moving upwards instead of stagnating.
See Also: Best Profitable Business Ideas in Ghana