Top 12 Lucrative Businesses to start in Cameroon with Little or no Capital
Has it ever crossed your mind to set up your own
business? The truth is you might have had this thought but do not know which
particular business to embark on. Having the idea is one, and doing the
necessary things for the business to commence is another.
You would bear me witness that it is not as easy, as
it may seem to start a business, especially in a country like ours. However, it
is not impossible as well because there are numerous petit businesses that one
can do with little or no capital.
Planning is
required in all spheres of life. No matter what you wish to do, you must plan
for it. Remember that Proper Preparation Prevents Poor Performance.
Also,
note that risk-taking is all it takes to grow in the business world. If
you play safe, you will not see yourself excelling on the business ladder.
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| Top 12 Lucrative Businesses to start in Cameroon with Little or no Capital |
Before setting up a business, consider answering the
basic following questions. What kind of business do you which to venture into? Let
us say pressing services, for instance, the next question is can a day pass by
without you selling or rendering your service? (Go for a service that you know
a day cannot pass by without you rendering it or a commodity that you know
people cannot do without).
Know your audience, write your business plan, pick
your business location, and choose your business name just to name a few.
With the level of unemployment in Cameroon, starting a
small business is a great initiative rather than walking and dropping applications
to places where it might take forever to be called for an interview.
Only those who have graduated can relate the same
energy level to the above statement. Life after graduation is the true definition
of the phrase “life is not a bed of roses”.
Without taking much of your time, let’s ride straight away to our topic of interest which is
12 lucrative businesses to start in Cameroon with little or no capital.
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1). Tutoring
The first business idea to commence with little or no
capital in Cameroon as compiled by nourishmind.com is to offer tutoring
services either as a home teacher or as an online tutor.
It all depends on you and how you would love to
operate. For instance, you can organize evening lessons with primary school
pupils or secondary school students. You can equally organize tutorial classes
with University students based on your specialty.
For online tutoring, there are tons of teaching
platforms online to share knowledge with others across various fields of
interest. Language is the most common one but you can as well teach math,
physics, chemistry, etc.
Some of the teaching platforms are NativeCamp.com a
Japanese English teaching website, Preply.com which deals with the teaching of
various languages around the globe (In the case of Cameroon, you can teach
English and French), and Engoo.com just to name a few.
Acquiring skills is very important, as others will be
willing to learn any of the skills you have learned. This is another
opportunity that you should not let pass you by. You can open a YouTube channel
to share knowledge with others.
Wondering which skills to learn? Well, you can take
graphic designing classes, Web development, affiliate marketing, Facebook Ads,
Forex, Bitcoin, Amazon Kdp, etc. When you acquire such skills, trust me when I say
there are thousands of individuals out there who equally wish to learn this.
For online tutoring, all you need is a laptop, headset,
and a Wi-Fi box for a good internet connection. Though there are some platforms
where you can teach using your phone, a laptop is preferable. Instead of just
waiting on a white-collar job and doing nothing, why not offer a tutoring
service and earn some cash? A word for the wise is sufficient.
2). Editing and Proofreading
Editing and Proofreading is the second lucrative
business you can do in Cameroon with little or no capital.
Proofreading has to do with examining text carefully
to find and correct typographical errors and mistakes in grammar, style, and
spelling.
All you need is a computer and a good internet
connection. You can offer editing and proofreading services to students by
editing their assignments, reports, projects, and thesis for a given price.
To make your job easier, you can install proofreading
software like Grammarly or download its extension and attach it to your
computer for checking for good grammar and spelling errors.
3). Affiliate Marketing
Affiliate marketing simply refers to the process where
you earn a commission by marketing another person’s product or service making
it another petit lucrative business to embark into in Cameroon.
It sounds easy, right? All you need to do is search
for a product, promote it, and then earn part of the profit from each sale that
you make. Therefore, the most important thing is to enhance sales, which will
help you generate online revenue.
If you are not into this, it would be a bit surprising
to you to know that tons of bloggers are into affiliate marketing as they use
their websites to promote sales and earn some extra cash. The sales from the
affiliate are tracked through an affiliate link from one website to the other.
If they can, what of you? This is just one of the meaningful things you can do
to earn some extra cash without having to raise a huge sum of capital to
commence.
4). Start a Blog
Another small lucrative business to start with little
or no capital in Cameroon is to start a blog of your own. The question is: what is a blog
or who is a blogger?
A blog (short for weblog) is a personal online journal
that is frequently updated and intended for general public consumption or it is
an online journal or informational website displaying information in reverse
chronological order.
A blogger
refers to a person who regularly writes material for a blog. So, for one to
engage in this field, he/she needs to be passionate and have a field of
interest. The truth is if you are not passionate about what you do, you might abandon
it.
One of the reasons why I would urge you to begin a
blog in Cameroon is because this field is not yet saturated. There are very few
bloggers in Cameroon compared to our neighboring country Nigeria.
All you need to do is to have the zeal for writing and
choose a niche, and a target population. You might be wondering how one can
make money by creating educative content for people to read.
Well, I earlier mentioned above that bloggers make
money through affiliate marketing, Google AdSense, etc. The more content you
create, the more your earnings.
Instead of being a WhatsApp status motivational
speaker for free, why not start a blog and reach out to a large number of
people and earn money too? The ball is in your court.
Starting a blog on a WordPress or BlogSpot website is
fully free and you will also have to learn some blogging company pitfalls
before starting to earn cash.
5). Rеаl Eѕtаtе Agent
Acting as a Real estate agent is another petit
lucrative business to start in Cameroon, as your services would always be
needed.
Many people find themselves relocating from one locality
to another based on several factors and some do not really have the time to
walk around in search of a house.
This is where a real estate agent sets in. A real
estate agent looks for good accommodation for would-be tenants. They can earn
money from both the property owner and the tenant.
To succeed in this business, one needs to be
reliable and truthful when it comes to giving information about the house. As a
real estate agent, you can operate in two ways.
The first is to meet house owners (landlords and
landladies) and collect their contact information regarding the prices of their
homes (single room, studio, or apartment). Negotiate with the house owner on
how much commission you get on each client you bring to them for the rental
services.
The second method involves direct charging clients an
amount for searching or providing them easy access to get a rental property.
You could charge clients based on the type of property. In this case, the
customer pays for your service.
To promote your business you can create business cards
or create a website. In Cameroon, there are very few such websites, so the possibility
of you having many customers is high.
6). Provide Writing Services such as CV Design and Job application letters
It might be surprising to see this as a possible way
of making money in Cameroon with little or no capital. Please do not be surprised.
This a small lucrative business that gives money more than what you can
imagine.
When applying for a job, for instance, you need to
write a convincing write-up to get the attention of your employer.
The truth is not everyone is good at writing which is more
reason why you should set up a small business to render such services.
7). Become a Research Assistant
Becoming a research assistant is the seventh lucrative
business to commence in Cameroon with little or no capital as compiled by
nourishmymind.com. What is more interesting about this field is that your
services will always be needed.
That is because essay writing is a must-do course for
all university students around the globe.
The bitter truth about the African educative system is the fact that we
focus more on theory than practice.
Even with the theory aspect of it, most universities
in Cameroon and Africa as a whole fail to quality training to students on
research methodology. Because of this, many university students tend to seek
help from research assistants.
Are you still having doubts if you should open a small
consulting firm to offer this service? Well, I am a data analyst and I earned
150,000 FRS as an amateur. Being an amateur and just engaging in the field, to attract more customers, I rendered the service for a lower cost.
I could imagine what the gurus in the field earned. Trust
me when I say being a research assistant means making money. Seize this
opportunity if you have great writing skills and start a lucrative small
business in this venture.
Assist students starting from HND, BSC, and MSC to
Ph.D. on their research work such as report writing, proposal writing, long
essay writing, thesis writing, and dissertation writing assistant.
Do you wish to become a research assistant? A data
analyst? To acquire the training you can reach out to Project-house.net. They
will teach you all that you need to know.
8). Offer Cleaning Services
Am I the only one noticing that many people are
embarking on this field of business? This service can be offered in two ways: Either
home cleaning services or pressing services. You can as do both that is if you have a team
to work with.
Someone might move into a new apartment and will need your service. People are equally getting so busy that they do not have
time to do laundry; they will equally need your service.
One cannot wash certain clothes at home like a blanket
for instance and will require your assistance. Cleaning service has
become a major lucrative small business in larger cities such as Buea, Douala,
and Yaoundé.
All you need is a well-strategized business plan. Starting
on a small scale would not require huge capital. Think of a unique business
name and easy to remember, and good location.
To promote the business, you can create a business
card, do a little campaign to inform people of your services, strive for deals
with some hotels, or extend your services to include cleaning for events such
as weddings, funerals and birthdays, etc.
Bear in a mind not to over cost your service. Begin
with a moderate price.
Suggested: How to Start a Laundry Business in Cameroon. 6 Steps Needed to Start from Scratch
9). Fооd ѕеllіng
Mathew 4:4 Jesus answered: it is written, “Man
must live, not on bread alone, but on every word that comes from Jehovah’s
mouth”. Meaning it is needed, but one does not only have to rely on
food.
Are you a good cook? If yes, rather than serving just
your family and friends why not turn it into a small business that would enable
you to earn some extra cash? We live in modern society and almost everything is
done digitally.
You do not need to worry much about setting up a restaurant
as you can engage in no-contact delivery services. Choose two or three dishes
that you are good at and perform the magic.
10). Whаtѕарр
buѕіnеѕѕ
This is the simplest among the above-mentioned small
lucrative businesses to start with little or no capital in Cameroon. All you
need to do is establish a good business relationship with a shop that sells
whatever fashion or brand you wish to engage in.
You can take pictures of things and post them on your WhatsApp
status every day as well as create an active group including your customers.
When someone orders any of the goods, you can then get
it from the shop at wholesale price and retail to the customer.
11). Manicure and Pedicure Services
It is said, “Better soup na money cookam” and “Looking
good is good business”. The aforementioned statements are not far from
the truth because it is the dream of every woman to look dashing thus, making
the manicure and pedicure businesses flourish.
Rather than doing nothing, pay to undergo training in
this field and earn money. The training can last from 2 weeks to 3 months to
become an expert. Some girls or women do their nails after a week or
two. Gain the skill and thank me later.
The interesting thing about this is that, if you do
not have the little capital to set up a place, you can collaborate with a salon
and work on percentages. This is what most beauty parlors do.
12). Hairstylist and Mаkе-uр buѕіnеѕѕ
Braiding, wig installation, and makeup are some of the
little skills you can acquire as a girl to set up a small business
that requires little or no capital to help yourself.
You can promote yourself on social media, such as
Facebook and Instagram, WhatsApp, and TikTok, which will generate more clients.
Post the best examples of your work and you are guaranteed to gain people’s
interest in your skills.
Final thoughts on the Top 12 Lucrative Businesses to start in Cameroon with little or no Capital
Instead of folding your arms and waiting on the
government to do something about the employment situation of the country, why
not think out of the box to make a difference?
The above-mentioned lucrative businesses are what you
can start in Cameroon with little or no capital. There are many more but for
the purpose of this article, we discussed just 12.
Those you see today employing workers started from
somewhere. The best thing you could ever do for yourself is to run a business
of your own. You decide on what to or not to do.
Bear in mind that to succeed in any business, you
need a well-strategized business plan. Do not be afraid to fail because this is
what gives you the experience to excel.
Also, note that every businessperson is a risk taker. If others can do it why not you? If you can think of it, then you can do it. You just need to figure out how.
Suggested:
Licenses and permits needed to start up a business in Cameroon
