Uganda is a land of opportunities both in the private and public sectors. If you are looking forward to exploring the best small scale but profitable business investment or opportunity, this article is one you shouldn’t miss out on. Yes, I took my time, did my research, and came up with a list of the top 5 best profiting ventures for 2020, anyone can try and make real money in Uganda.
People make real money doing different business activities in Uganda. The reason for this is the commitment and trust they put into their investment areas, and which helps them turn dreams into reality. If you are one of those who would want to start your own small but profitable business, all you need is simple, take a few minutes off your time and go through this guide.
Hopefully, by the time you go through it all, you would have uncovered a business opportunity you might have been under looking yet many you take to be rich are using it to earn real cash in addition to making unlimited monies. One thing I personally believe in is research since doing it helps in uncovering the hidden opportunities which you would have otherwise not known. This post should help you address such questions as “what business can I start with 1, 2, 3, 4, 5 million shillings in Uganda.
#1 Business Opportunity – Mobile money services agents
You have seen the likes of Airtel Money, MTN mobile money, Africell Money, UTL (Mango’s) M-Sente and etc. Trust me, this is a booming business not only in Uganda but across all other countries which have it in place. You earn a commission on every qualifying transaction. The earning percentage is determined by the number of transactions made in addition to the amount being transacted.
Just imagine, having such a service located in a business place or in a more public place where many people are transacting. This will mean making more money as commission and which can double up at the end of the transaction month. I have witnessed many people do much out of this service just because of being involved in a profitable venture. If you want to earn, all you need is to become part and start enjoying the rewards.
In order to become a mobile money agent, you need to have a well-established business eg a registered company, have some cash say UGX 2 Million, and be ready to provide every detail required when applying. You can too use other approved agents lines eg Moshi Moshi.
#2 Business Opportunity – Point of sale Terminals agent
PayWay, PeBuu, and many others are live examples of such small but profitable businesses in Uganda. If you have a business where you operate from for example a shop, you can add a Point of sale terminal and help your clients clear all supported bills at your point. These terminals support a range of services including Umeme bill payment, money transfers and etc. Just imagine earning UGX 500 per sale made and multiplying it with the number of people who transact.
By default, these terminals are free ( I guess) in that when you pay a service of eg 10000 UGX, you get the same amount but nowadays, many people charge for such transactions in that when you pay for a service, you are given when it’s less say 500 ugx. This means that you earn profit margins which are endless and depending on where you are. Joining the too requires you to apply and once approved, you are given a terminal. In order to become a mobile money agent, you need to have a well-established business eg a registered company, have some cash say UGX 2 Million, and be ready to provide every detail required when applying.
#3 Business Opportunity – Secretarial, Copy and Print service
Many people make photocopies. Many people create documents. Many people print and many people do many other secretarial services. Why not take advantage of such a booming business which has no limit? Whether you are operating a shop, restaurant or etc, a 3-in-1 machine and a computer requires a tablespace and imagine outside. With only 500,000 ugx, you are almost set to go. All of the requirements are very cheap and easy to install in addition to requiring no expertise to run them.
A copy goes for 200 ugx, a BB print goes for 500ugx while a C print goes for 1000 ugx. Just imagine getting only 30 clients doing either and calculate how much money you will be making. A public place is vital since the more people, the higher the service usage. Think about this business and start right now, you will prove to the rest that it is a profitable venture not to miss.
#4 Business Opportunity – Salon, hair styling, and beauty care
Have you ever visited the top side of Majestic plaza on William street? Trust me you will be amazed by the number of beauty centers, and the number of people (especially women) involved in hair styling. Leave alone that, how about the number of clients? The fact is that people take looking good as a top priority. So why not take advantage of this and make real money out of it?
Whether you operate from Kisenyi, Bwaise, Kawempe, Natete, Nakawa, and any other, you can start up a small salon, offer real quality service, and make real money. Many people have earned and continue to earn out of this. By the time you get to know, the money will be no problem on your side. Remember, client availability means earnings and indeed, we all love to be worked. Small capital is required for rental and procuring.
#5 Business Opportunity – Vegetable farming
When we get sick, doctors recommend that we should improve our dieting. And greens like cabbages, “dodo”, “nakati”, and other vegetables being part of this yet their maturity duration being low, its an obvious advantage which anyone might consider taking. These greener foods are vital in our daily life and which makes them hot fashionable.
If you have a small piece of land, you can grow any of the green species and earn money within a few weeks or months. The market is always available but with limited supply. You can join this and beat the poverty devil completely.
# Bonus – Make money online
Making money online is the order of the day. Many people including me make real money on the internet. It is very possible for you too to make extra cash doing what I exactly I do online. The only problem is that you don’t know otherwise, you will be doing the same. But don’t worry, I have a complete paid package for those interested. All you need is to contact me on 0752009001 and we find a solution on how.