Many individuals aspire to start a lucrative business, and most of the time, they start small before growing into something big. If you think about starting and running a business, you have a high possibility of making a lot of money.
We will present the most successful small business ideas in Uganda in this post to help you determine what you want to accomplish and how to do it most efficiently. Follow our instructions and you’ll be wealthy in no time!
Many prospective Ugandan entrepreneurs want to start a business in their own country and are looking for the most successful small business ideas in Uganda.
There are more profitable business ideas than you may think. Sometimes you have to put in some effort and dig deeper to find a niche that would please you.
Perhaps you are looking for possibilities to put your money in, but because you only have a limited amount of money, you want success to be guaranteed?
Maybe you’re looking for small business ideas in Uganda that will expand quickly. We guarantee that this post is written just for you and other people seeking for the most innovative small business ideas.
Here are some examples of fresh small business ideas in Uganda that you may start with little money and earn from! Learn which businesses are the greatest to start with minimal money and try your hand at one of these.
20 Best Small Business Ideas In Uganda 2021
1. Start Blogging as a Business
If you can write or have the capacity to learn how to write, start a blog. Blogging is a good way to make money online in Uganda. All you need is internet access, good research skill, an interest, and a laptop and a lot of time. Your most important and perhaps expensive investment in a blogging career is your time.
Also, since you would want people to find your blog posts without manually promoting it all the time, you would need to learn how to optimize your posts for search engines like Google or hire the services of an SEO Expert in Uganda.
Set up a free blog with WordPress or Wix or if you have some money, set up your blog on self-hosted server; populate your blog with quality content, get people to read your content (drive traffic), get their confidence and monetize your blog with Google AdSense, display advert, affiliate marketing or sell information products such as ebooks, etc.
So how do you get started?
It’s simple: when you initially start your side hustle, you don’t have a lot of traffic or exposure. As a result, you should raise the price of your product early on in your blogging adventure.
One strategy is to start with a B2B consultancy funnel and sell to companies rather than individuals. Businesses have more money than people, so instead of concentrating on advertisements and affiliate schemes at first, concentrate on high-end consultancy.
This new blogging strategy for making money is built on three main success pillars:
- Choose a niche for your blog based on the audience’s financial possibilities, professional leverage, and market need.
- You may increase your backlink acquisition and Domain Authority (DA) quicker by not writing as much and outsourcing some parts of your content and SEO operations.
- Finally, by implementing the right high-end blog monetization strategies at the right time in your blog’s lifecycle, you can 100x your revenue while only closing 3-4 high-end clients rather than hundreds of affiliate sales.
These strategies can help you earn thousands of dollars faster and with less visitors. If this piques your curiosity, be sure to read my whole article on the greatest ways to earn money blogging.
Finally, the first step I suggest for establishing a blog is to acquire web hosting and create a WordPress site.
Here’s how you can start:
- Go to Bluehost.com and click the Get Started button.
- Choose your hosting plan ($2.95/month is 63 percent discount when you use my link).
- Enter a new domain name or choose an existing domain.
- Fill up your account and billing details.
- Sitelock Security and Codeguard Basic may be disabled.
- You’re finished when you click Submit.
Begin with Bluehost for $2.95/month (63 percent off).
2. Private refinery business
The oil and gas industry is quite visible these days. All of the most successful business people are involved in this sector and profit handsomely from it. For example, Aliko Dangote, Africa’s wealthiest person, is an oil and gas billionaire who raised $9 billion after establishing his refinery.
You might establish your own private refinery; it is another business that is promoted by the government and certain of its actions, such as the elimination of fuel subsidies.
If the refinery is not for you, you may start investing in the oil and gas industry in another way, such as opening a filling station or kerosene depot. You may also start a cooking gas sales business. There are several opportunities for you to start small and subsequently grow your firm in the oil and gas industry.
3. Dry cleaning service
Because of the huge demand, this business is one of the fastest growing in Uganda, and many individuals have already done well with it.
One of the main reasons it is such a profitable business is because not everyone has time to wash their clothing – they are too preoccupied with work and other obligations, so they rely on dry cleaning services to do it for them.
That is why you may wish to start this business and assist others clean their clothes for a fee. You’ll need to gather your tools and get to work.
4. Business of recharging Sim cards
Recently, this has been a breakthrough business in Uganda, since so many people are often contacting someone on the phone, and in order to have the best experience, they need to recharge their phone on a regular basis.
There is no one in Uganda who does not own a phone and does not make phone calls. These are the primary reasons for the enormous success of the recharge card industry.
You may start printing them at home as soon as you bargain with the vendors, purchase basic equipment, and install the necessary software. You will have to read about how this business operates, but we promise you that it is not difficult.
5. Start a Restaurant Shop
There are many restaurants, but that doesn’t mean you can’t start your own. People typically flock to restaurants that are reasonably priced and provide high-quality meal service.
Many individuals nowadays are too busy to eat at home and prepare for themselves, so they often dine out. This is particularly true for students and employees, which is why opening your restaurant near a study or business area is a fantastic option.
This business needs some initial investment, but typically, restaurants that offer great service and have a distinct personality attract a large number of customers and therefore earn a lot of money. Professional assistance is also required.
The restaurant seems to be a difficult business, but for those with experience and expertise in the field, nothing is really impossible.
6. Start a writing service
Excellent writing is valued nowadays, and you can earn money by doing freelance writing. To begin your adventure, you will not even need a starting capital — all you will need is the ability and drive.
You can look for orders online or write for a firm that needs your texts. The perks of this profession are numerous, but the major one is that you will not have to travel to the office or do any hard work – you can do it from home on your laptop with a cup of coffee.
Later, as your business expands, you may recruit more authors and start your own publishing firm. Writing material, particularly of high quality, is in high demand these days, and it is often difficult to find authors willing to make sacrifices for this profession.
So, if you have a good skill and a good command of the English language, this is a business for you.
7. Bakery Shop
It is not essential to be a great chef if you want to start your own bakery, but having some understanding of it would be helpful. The most important aspect is locating a location for your bakery since you will need it to attract clients and be visible.
Your business may start modest at first, but as it becomes successful, you will be able to recruit more employees. Also, keep in mind that the most successful bakeries have a unique selling point, such as a product for which only they have the recipe and no one else has.
When you start your bakery business, be innovative, and one day you will reap the benefits in the form of income.
8. Staffing agency
Uganda has a high incidence of unemployment, and many individuals are desperately looking for work. You can work as a recruiting agent, connecting people to the employment of their dreams. All you have to do is work with different firms to find people to work for them.
As you make more and more money, your recruitment agency can grow and expand. To be successful, you must be skilled at identifying the proper individuals for certain positions.
9. Start a Uniform sewing Business
If sewing clothing is your interest and you don’t mind doing it for a career, this is the business for you. Every state has a large number of schools, and all of them require uniforms for their students.
Furthermore, there are many business companies whose employees, such as security personnel, wear uniforms. Not only that, but the many military groups need wearing uniforms, and because they have a large number of individuals participating in their activities, they are always in need of new ones.
As a result, you may volunteer to sew uniforms for people and organizations in need. You may market yourself as a uniform provider and make a lot of money from this business.
10. Start a Call center agency
The call center industry is highly popular since there are a lot of individuals that need help, advise, or want to complain about a service. As a result, you may establish a call center agency where you can work for major corporations on a contract basis.
11. Training center facility
Do you have expertise in a particular field and believe you could assist others in honing theirs? The training center business might therefore become a lucrative specialty for you.
This type of business may be lucrative nowadays since it is always in great demand among customers. For example, millions of Ugandans pass various tests and examinations each year, and they need someone to assist them with preparation, so they look for various training to get ready for their exams.
If you are skilled in a particular subject, such as Math, you can work as a tutor for students who are struggling with it.
These aren’t the only ways to earn money as a trainer. You can train those who wish to improve their professional abilities for work or for personal purposes.
Many individuals nowadays, for example, desire to learn how to utilize various computer applications. So, if you know anything about Photoshop or computer programming, you may utilize that expertise to start your training.
It may be difficult to market yourself, but if you are a competent specialist, people will come back again and again. When your center is more established, you may be able to recruit additional personnel to give additional training services to students.
12. Clothing importation
When it comes to fundamental human requirements, clothing is unquestionably one of them, because we use it every day and are always in need of new ones. Many individuals enjoy not only wearing clothes but also acquiring appealing accessories for them.
There is still a demand for garments, especially when they are fashionable and reasonably priced. You can start a business selling clothes to customers.
Clothing may be imported from China, India, France, Italy, and many other nations. Due to the poor state of the economy in Uganda, there is a growing trend of purchasing recycled clothing, so bear this in mind when you do your business.
13. Livestock Keeping
Livestock farming is one of the fastest growing business possibilities in Uganda. This industry is constantly evolving and has yet to realize its full potential.
This business can be started in your own backyard if you know how to operate the equipment and care for your livestock. You will need patience, expertise, and experience to succeed in this industry. Catfish farming, chicken farming, cow grazing, goat raising, snail farming, and many other niches are available to you.
14. Daycare center
The majority of families have children, but they must also work hard in order to earn enough money to meet their living needs. As a result, not every parent is able to devote time to their child. There are several daycare facilities, but not all of them are competent. So, if you adore children and are confident in your ability to care for them, you should think about opening a daycare center.
For a successful business to begin, the setting must be acceptable for children so that parents would trust you with their children. If you are innovative in your approach to young people and can create a positive environment for them, you have a high chance of making a decent living from this enterprise.
Aside from that, you can start it from home if you believe your house would be an excellent starting point for a childcare center.
15. Agricultural product exportation
Uganda is a country rich in natural resources and high-quality cuisine. If you register with the Export Promotion Council of Uganda and select which specific product would be ideal for exporting, you may start your own exportation firm. Cassava flakes, cocoa, yam flour, groundnut, chili pepper, cashew nuts, mango, and many more goods are in high demand overseas.
If you do not want to export your agro-products overseas for whatever reason, or if you lack the necessary money, you may stay at the local level and sell your products inside Uganda’s borders. Buying and reselling palm oil might result in a sizable profit.
16. Installation of alternative power sources
It is a subject that is extremely important right now, since Uganda is dealing with power supply problems. The globe is becoming green these days, and our government has already taken measures to enhance the electricity industry. However, there is a rising need for alternative power producers, such as solar energy, inverters, and windmills.
So, you might try to make money by importing and retaliating against these materials, or you could concentrate exclusively on alternative power installation.
17. Exploration and Mining
When it comes to mineral resources, Uganda is a very active country. Our nation is particularly rich in resources such as coal, iron ore, limestone, bitumen, and others. Uganda’s mining industry is expanding. The mining industry is also supported by the government. So, if you have a good, trustworthy team as well as financial resources, you could try your hand in this industry.
18. Start Farming Business
What if you’ve always wanted to start your own farm since you were a child? Now, your dream may not only come true, but you can also profit from it, since farmers these days are very fortunate when it comes to cash.
When it comes to this business, the most essential step is to start a decent piece of land on which to grow certain crops. We’ve previously discussed animal farming, but if you prefer to tend to crops rather than cattle, this is an alternative to explore.
There are many cash crops that may be grown and maintained to give you with a consistent income year after year. Cash crops that you may grow include kola nut, cocoa, oil palm, plantain, yam, cassava, orange, and many more. You may do research to determine which ones are now the most lucrative.
19. Waste Management Services
It is another another lucrative niche with great promise for the future. It may become lucrative in the future since many Ugandans are still ignorant of appropriate trash disposal methods, but certain states in the nation, such as Lagos, are actively promoting waste management among citizens.
Trash disposal, waste recycling, organic fertilizer manufacturing, garbage transportation, and other firms are examples of reliable businesses that may be established in this sector. If you join this branch, you may be able to make some money in the future.
20. Food manufacturing industry
What will you be required to accomplish in this industry? It is very easy – all you have to do is gather the basic ingredients from which food is produced and then transform those raw materials into the final product.
There are many companies with which you may link your working life. These businesses include: frozen food production (which is very profitable nowadays because many people who don’t have time to cook for themselves prefer to buy frozen food), vegetable oil production, oil palm processing, yogurt production, tomato puree production, garri processing, rice milling, fruit juice production, and many others.
21. Production of bottled water
People drink water on a regular basis because keeping hydrated is important for everyone’s health. Furthermore, clean water is in high demand these days, and you may become one of those who manufacture it and serve individuals who need continuous hydration.
If you create clean and refreshing water, there is a good possibility that consumers will buy a lot of it. Furthermore, according to recent regulations, it is essential to build your brand on the market as soon as possible, so if your heart wants to be engaged in this business, you should start right now.
These are the twenty most interesting small business ideas in Uganda for this year! Many more ideas may be found in our linked articles that cover a similar subject.