profitable and lucrative startup business ideas can be tricky to aspiring African entrepreneurs.
It could be very difficult to come up with a fresh startup idea that have the potentials to turn into successful business. so here are some lucrative startup ideas for skilled Africans 2022
These recommendations are based on insightful analysis from reliable sources like Entrepreneur, Neil Patel, Deskmag, Wellness Creative, etc.
What is Flipping website ?
Investing in websites that are already making money, improving them either by increasing the amount of traffic that visits the website or making more money from the same amount of website visitors (or both), then selling the website for a profit. That’s website flipping for you
According to Women on Business, the flipping website is a growing investment model with rewarding opportunities. The business model involves acquiring a website, expanding, and improving the content to increase web traffic. In addition, consider getting new backlinks and improving your monthly income.
After banking monthly income for a period, consider selling the website for a higher price. If you have negotiation skills and can develop content on a website for improved traffic, this idea is for you. Furthermore, Africans with internet literacy and web development skills can benefit from this business model.
According to Neil Patel, creating online courses is ideal for making passive income online. Africans can turn obscure hobbies into profitable ideas because people embrace education and are eager to learn. In addition, skilled Africans can create online courses to educate others for a profit.
Online courses are for you if you love teaching but do not choose the coaching route. But consider selecting a niche and creating content tailored for a target audience. Furthermore, you can earn from selling downloadable content and written materials for a fee. Besides, there are various platforms to monetize content available to Africans.
According to Deskmag, it is profitable to open co-working spaces as many of them become more profitable after two years of operation. Africans can take advantage of the increase in telecommuting to earn a desirable income. If you can develop a collaborative atmosphere based on trust, you will attract customers.
Instead of members making money, consider addressing their pain points with a perfect solution. The modern co-working space that solves the problems of entrepreneurs will make Africans a fortune. Local influence, facilities, and location are factors to consider with this idea to achieve effective results.
According to the entrepreneur, the niche travel industry is profitable with business advantages. Africans skilled in research and communication skills can benefit from this industry. If you enjoy traveling and can communicate in different African languages, consider organizing specialized tours and excursions.
You have to travel a lot and meet interesting people. But first, you need a plan and a place for specific groups or people. For example, consider targeting large families, music lovers, and single travelers across the African continent as a startup. Moreover, organizing trips and tours across the continent will reduce start-up costs.
According to Travel Trends Today, becoming a destination wedding planner is a lucrative business opportunity. Africans are known for their colorful and varied weddings with rich cultural experiences, but finding a destination planner challenges many.
Weddings are larger than life and lavish in Africa, and being a destination wedding planner can take you to exciting places. Solve wedding planning challenges for couples and earn a fortune without leaving the African continent. If you enjoy exploring and have no problem working on weekends or longer hours, then this startup idea is for you.