10 Lucrative Online Business Ideas You can Start in Ghana with Low Capital
Every day, people have been looking for the best Lucrative Online Business Ideas they can Start in Ghana.
The Internet has made the world a global village, creating more business and job opportunities for the people looking to earn passive income or start a business of their own. For a regular unemployed/employed Ghanaian who wants to start an online business, I will like you to know that there are a lot more opportunities on the internet.
Operating an online business has many advantages over an offline business. One of such advantages is that you can manage your business from anywhere across the globe. More to it it’s the high profit you will enjoy once you are able to establish the business to the fullest.
If you are here, the chances are, you are looking for some Lucrative Online Business in Ghana you can start today. If that’s true, then below are some of the tried and tested internet Business ideas that you can choose from.
You can go through the below listed and discussed Lucrative Online Business in Ghana and select the one that seems good for you.
Blogging is one of the most profitable and Lucrative Online Businesses in Ghana you can start with less investment. It is not a fast way to make money online but if you’re dedicated you can earn your living online through blogging.
There two things you need for a blog, domain, and web hosting. A domain is your web address while a Webhosting is storage for your blog files. Starting a blog in ghana does not cost much, as little as $2.95 per month, one can get a web hosting account and free domain from Bluehost to start a blog. You can create a blog from any niche that passionate about you.
Please If you want to start a blog but don’t have time to create or have no idea, you can purchase the Hosting using this LINK. Send us an email after buying the Hosting and we shall Create/Design the Blog For Free for You.
If your passion lies in fashion, tech, education, news, entertainment to mention but a few, you can create a blog and begin to write. Bloggers make money from their blogs in so many ways. But the most common ones are through advertising and affiliate marketing. Advertising comes in different forms. Direct advertisement and sponsored post/link or banner placement.
The best advertisement company that most bloggers use is Google Advertisement. With google advertisement, you apply for a publisher account through a program call google Adsense. Google then reviews your application for an eligibility check. Once your application is approved, Google will then place its products on your blog.
This has been the best and efficient way of making money through advertisement.
On average, most bloggers make GHS 3,000 to GHS 5,000 per month from their blogs. Affiliate marketing has to do with you promoting people’s products through your blog for a commission. We shall talk more about that in a few minutes.
The eCommerce sphere in Ghana is gradually gaining ground. People have come to love the idea of buying and selling items online. In recent times, there has been an increase in the rate at which people buy items through online shops in Ghana and the world at large. With the emergence of COVID-19, many businesses have also shifted their operation online. Hence the need for more online shops.
Dropshiping is a form of eCommerce dealings, where the owner of the store doesn’t own the item he or she is selling. Rather, they outsource the products from the manufacturer or wholesale, sell and make a retail profit. The idea of dropshipping came in at the time when giant organization such as amazon, eBay, and express reaches their peak.
People around the globe, have the idea of being a retailer to these giant wholesalers suppliers on Aliexpress, Amazon, and eBay. Operating a dropshipping business needs little or no money. But to explain further, you’ll only need small capital in starting.
There are two types of dropshipping business. You can operate a dropshipping business by creating your own eCommerce store, or by using a third-party website. The dropshipping business operates in this simple way:
The drop shipper will first go to the wholesale website (Aliexpress, Amazon, or eBay) and pick a product/item that he or she sees will be of high demand.
Then he goes to place the item picture with its specifications with a retail price on his or her store.
Now once a customer comes to buy the item from the dropshippers store at the retail price, the dropshippers will then go to the wholesale store and purchase the item at the wholesale price using the customer’s details.
In the end, the original item seller will ship the item to the dropshiper’s customer. This is a simple explanation of how the dropshipping business is operated. You can read more about dropshipping and how to start from here.
Affiliate marketing comes into being when there was a need for product reviewers and promoters by the manufactures or producers.
As an affiliate marketer, your job is to get people to either purchase a product or signup for an email list. The affiliate marketing business has made most people six to seven-figure income earners and it remains the most lucrative business online.
There are many strategies you can adopt to succeed in the affiliate marketing business. You can create your own affiliate website where you write reviews about the products that people are searching to buy. Today most people like to see a product review before they make a buy or not to buy a decision.
If you can get these prospective buyers the item features, price and value to be driven from using the item/product, then you’re half away to making money from affiliate marketing.
For many years now, I have been doing the affiliate marketing business and must say it’s one of the best when it comes to establishing an online business in Ghana. We shall bring a full article on how to start the affiliate marketing business later on this site.
Freelancing is a new order of the day. Off late, we always see people most especially the online gurus talking about freelancing. This has sparked many peoples in interest in this kind of business in ghana.
Freelancing is the act of doing someone’s work for a commission or reward. A freelancer is one who agrees to take a person’s job(gig) and performs on their behalf for a handsome reward(monetary).
The freelancing business has created a lot of opportunities for Ghanaian youth including myself. People who have a fair idea of how the freelancing business works have made thousands of cedis from this kind of business.
Freelancers get a job(gig) to performs through third-party websites known as freelance sites or micro job sites. Websites such as freelancer.com, Upwork.com, guru.com, fiverr.com,15ghana.com are some of the popular ones. One can easily become a freelancer by visiting any of these sites and create a seller account.
On these freelancing websites, jobs such as graphic designs, data entry jobs, web designs, product reviews, transcribing, and much more can be found. Once you’re on the site. You need to choose the job that interests you.
Here, you see employers looking for people to perform a task. Go through the list of jobs on the site and select to make an offer to the job that these employers have listed. Once your offer is accepted, then the job will be awarded to you. You can read more about freelancing jobs here.
According to some reports, there has been an increase in the forex trading business throughout the world in the past fourth months. Many people are associating the rise with the emergence of the COVID-19 pandemic. During the lockdown people, people have no other ways of working to earn a living. So the best option they can go for its online business.
Individuals were forced to search for some lucrative ways to make living from the comfort of their home and then StumbleUpon forex trading. Forex trading has to do with the art of exchanging currencies. As a forex trader, your job is to buy and sell the country’s currencies. If you predict a fall in the price of a certain country’s currency, then you buy that currency and hold.
When you later predict an increase in the price of that same currency against other currencies, then you sell and make a profit. Forex trading is a little bit of complexity especially if you are just starting. But once you know the basics of the market, the terminologies, and how to do proper risk management, you can profit big in the Market. See a full article on how to start trading forex in Ghana.
Cryptocurrency has come to stay. Today many young Ghanaians and Africans have become rich through crypto trading. There are so many ways through which one can benefit from trading in crypto. But the commonest ones are Binary trading and Holding of currencies.
With The Binance trading/Future trading, you trade currencies. One can buy the base currency or sells the quote currencies depending on which way the market goes. you can read more on how to buy and sell cryptocurrencies here. The other way through which you can profit from cryptocurrencies is by buying and holding.
Here, you can buy the currencies of your choice (Bitcoin) and hold them when the price is low. Once the price increase on a future date, then you can sell and make a profit.
Assuming the price of 1BTC today is say $34,000, you can buy say $100 worth of BTC for as low as 500GHC. Then you store the BTC in your BTC Wallet. Once the price of 1BTC rises to say $50,000 you can then sell your $100 worth of BTC bought earlier and make a profit. We shall come out with a full article on how to trade crypto in our subsequent articles.
Surveys are great ways to make a few bucks online if you have free time to waste. In Ghana, there are a few survey companies and providers. So the only way to gain some cash through a survey is to opt for other countries’ super jobs.
There are many companies out there looking to employ the service of individuals to perform simple surveys on their products or service offered to the market. If you have some free time, you can signup for these surveys and begin to make cool cash.
Surveys will not make you rich online but they can get you something to help supplement your other source of income online. Sites such as Surveymonkey.com, Paid surveys at home, Surveyjunkie.com, Mindsumo.com, Swagbucks.com, and many more are some of the best survey sites you can signup for today and take profitable surveys.
In conclusion, The internet is one of the best places to be and establish your business if you want to be successful in Ghana, Africa, and the world at large. Through the internet, individuals have been able to establish their home business which is being run 24/7 within the comfort of their home. The good thing is that everyone can start an internet business.
Either you are employed or unemployed, with little to no income, you can start a business and if you put in more work, you’ll be able to make a successful internet business. So for now, the above are some of the lucrative online businesses you can start.
Please let us know in the comment if you need further explanation. Also as said earlier, if you need a blog or a website, you can purchase hosting and a domain using the link here or above then send us your details for a free Blog creation.
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