Cheap Small Business Ideas You Can Start Now

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1. Resume (C.V) Service

As a resume writer, you will do an in-depth assessment of people’s experience, skills and career goals to create a compelling resume and cover letter(s) that best represent their unique skills and value to potential employers. The fact that not everyone can write a good resume for themselves and many people wouldn’t mind paying D250 to D3,000  for a professional CV.

You must be discrete about the information you gather and honest in dealing with your client. You can start this business with free services at the university and other tertiary institutions.

2. Affiliate Marketing

 Affiliate marketing is the process of earning a commission by promoting other people’s (or company’s) products. You will first find a product that is high in demand and promote it to others. The owner will give you a commission for each sale you make.

Who said that this service does not exist in the Gambia? N-WebPlus announced on their Facebook page about the introduction of an affiliate marketing. You promote their web hosting service and they pay you a commission anytime your lead turned to sales.

With a good amount of loyal followers on your social media profiles, you can start the affiliated marketing of many other products.

3. Weekend Lecturer

You can start part-time lecturing in the local colleges or schools that run weekend classes. With the relevant qualification and experience, you need to first identify your target market; that is secondary school or university students. Many people have turned their part-time tutoring classes to a full-time school (business). For instance, Martin Tucker of Grace Institute of Accounting started as a part-time lecturer in Jollof Tutors, MDI and NMATC.

Note that It is not enough to know the subject you want to teach; you also have to be capable of teaching. You have to be a good communicator and be patient.

4. Bookkeeping and accountancy service for small businesses

Very few small businesses in the Gambia can justify putting a full-time accountant on their payroll, and some medium size companies may prefer outsourcing the job to save money. Whether you are a certified accountant or an accounting technician, this is a potential business idea to consider. If your bookkeeping and accounting skills are up to date, be prepared to start a small accounting firm.

Many small business owners do not have time to record or cannot classify their business transactions into the right category. This is where you come and support them say once in a month or quarter. Analyse their transactions and prepare small financial statement.

5. Tax-Preparer

If there is only one thing that is certain in any government is taxation. There are numerous form of business taxes in the Gambia, which are filed with the government on quarterly or annually basis. These include corporate income tax, VAT or personal tax. All you have to do is to understand the latest tax regulation in the Gambia. If you can afford it, enrol yourself into one of the local tax training courses and get ready to file tax for your clients.

6. Estate agents

Real estate agents are the people who serve as an intermediary between the buyers and sellers of properties. They are also involved in finding a tenant for property owners who intend to rent. For buying and selling of properties, there are many businesses that are offering the service in the Gambia. However, I still believe that the renting aspect has some business potentials. You will approach landlords who are mostly busy or resides out of the country and offer to manage their properties for rent, lease and administrative activities. The tenants will pay an agency and service charges. This is one business you can do without opening a shop.

7. Website Setting and Content Management

For most modern businesses, an online presence has become at least as important as the brand. Even if it is a two page site, small businesses also want to have an online address. With your technical skill, you may help small businesses to create website for sharing their thoughts, pictures, and products. You do not have to be a super developer to do set up a site or run content management. Guest who helped me set up this site, ask me. I register, install and set up this site by myself.

8. Interior Design

As an interior decorator, you draw plans to decorate a client’s home or office with attention to style, quality, and budget. Companies need to have attractive spaces for conferences, meeting with customers or showrooms. You can also target busy couples and foreigners who just came to reside in town.

In addition to a good sense of design and color, you’ll need to be knowledgeable about fabrics, styles of furniture and carpeting. You’ll have to be able to work in a variety of styles, from antiques and reproductions to commercial. Don’t forget to create a portfolio of jobs you have completed; obtain permission from clients to take photos for the portfolio or for a website.

9. Business-Plan Consulting

With an excellent business writing skills, spreadsheet know-how, and general business knowledge, you can start your own business plan consultation. Sometimes, even the small businesses are required to provide few page plan before banks approve their overdraft request. Again, if you can afford it, there are number of business planning software in the market. I have written a free business planning template.

10. Employee Search Consultant

You will be acting as an impartial broker between the client and the candidate. This business idea sometimes need a bit of experience and network. It requires using your contacts and network to help the corporate client to get the right staff. Your work will involve placing adverts, conducting interviews and screening potential employees for clients. Put on your best candidate, and get paid.

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