Connect with us

Types of Businesses to Start

8 Ways to Come Up With a Business Idea

The start of the year is a great time to gear up to start a business. But, of course, you first need to figure out a winning concept.

Jane Porter

Published

on

brainstorming

“You have to come up with a lot of ideas to be successful,” says Stephen Key, co-founder of the website inventright.com based in Nevada, and author of One Simple Idea for Startups and Entrepreneurs: Live Your Dreams and Create Your Own Profitable Company, (McGraw-Hill, 2012).

Key, who has licensed more than 20 products in the last 25 years, says he generates ideas by finding different ways to engage his mind, from walking the aisles of stores to brainstorming about holes in the marketplace.

Here are eight techniques from Key and other experts that could help get your creative juices flowing:

Ask yourself, “What’s next?”

Successful business ideas are often ahead of the curve. Think about trends and technologies on the horizon and how you might move into those areas, says Sergio Monsalve, partner at Norwest Venture Partners, a California-based venture capital group.

He suggests, for example, thinking about innovations related to the living room and home entertainment systems now that companies like Apple are developing new television technologies. “What can that mean in terms of new ways to live in your house and be entertained?” he says.

Related: Which Business Should I Start?

Do something about what bugs you.

When Colin Barceloux was in college, he thought textbooks cost far too much. In 2007, two years after graduating, he decided to take action and founded Bookrenter.com, a California based business that offers textbook rentals at about a 60% discount.

What began as a one-man operation created out of frustration now has 1.5 million users and 200 employees. “You just have to look at what frustrates you,” he says. “There’s your business idea right there.”

Look for new niches.

Your business idea doesn’t have to reinvent the wheel. Take a look at what some of the big players in an industry are missing and figure out if you can fill the gaps, Key says.

In 2003, for instance, he started the company Hot Picks, now based in California, after realising the major brands in the guitar pick industry weren’t offering collectible novelty picks.

Key designed a skull-shaped pick that filled an empty niche and was sold in 1 000 stores, including Wal-Mart and 7-Eleven. “The big guys leave a tremendous amount of opportunity on the table,” he says.

Apply your skills to an entirely new field.

Think about your skills and whether they might be useful in a new area, suggests Bill Fischer, professor of innovation management at IMD, the top-rated Swiss business school, and co-author of The Idea Hunter: How to Find the Best Ideas and Make them Happen (Jossey-Bass, 2011).

Consider, for example, JMC Soundboard, a Switzerland-based company that builds high-end loudspeakers. Jeanmichel Capt invented the speaker by applying his experience building guitars as a luthier, using the same resonance spruce to create a loudspeaker that produces a high-quality sound and looks like a sleek wood panel.

There’s also Rhode Island-based Dear Kate, a company founded by Julie Sygiel, who used her training in chemical engineering to create a stain-resistant, leak-proof underwear material that active women can use without worrying about menstrual leakage during a workout.

Related: (Video) 10 Wacky Business Ideas that Made Millions

Find a category lacking recent innovations.

When coming up with ideas, Key likes to identify markets that haven’t had many recent innovations. For example, when he realized there were few new developments in the product information label business, he created Spinformation, a label consisting of two layers — a top layer that rotates with open panels through which you can see, and a bottom label that you can read by spinning the top layer over it.

Companies needing to fit more information about a medication, for example, could use the extra label space for the details.

Make a cheaper version of an existing product.

Companies often get their start by offering customers an existing product at a lower price. Take Warby Parker, an eyeglasses company launched in 2010 by four business school friends. The New York-based business sells prescription glasses, which are typically priced at $300 or more, for $95. Since its launch, it has grown to 100 employees.

Talk to shoppers.

To come up with an idea that meets people’s needs, there’s no better way than by talking to shoppers. If you are interested in mountain bikes, hang out in the aisles of sports and bike shops and ask customers what they wish they could find in the marketplace.

If you’re interested in developing an e-commerce business, consider sending an online survey to potential customers to learn about their needs and interests.

Play the mix and match game.

Walk up and down the aisles of a drug, hardware or toy store combining two products across the aisle from each other into one, Key says. That should spark quite a few ideas, but be prepared for most of them to be bad. “You will come up with all these horrible ideas, and every once in a while you will find some brilliant idea out there,” he says.

Jane Porter is a freelance writer and editor based in Brooklyn, NY. Her work has appeared in publications including BusinessWeek Magazine, The Wall Street Journal, Men's Health and The Chronicle of Higher Education. She has a bachelor's degree in English from Brown University as well as a masters of fine arts in creative writing from Warren Wilson College in Asheville, N.C.

Types of Businesses to Start

Want To Start A School? Your Guide To The Education Sector

The education sector continues to show remarkable growth and opportunity as the private sector fulfils the increasing need for quality education in South Africa.

Nicole Crampton

Published

on

education

“The education sector is interesting as it’s one of the few sectors in South Africa showing very strong fundamental growth, almost independent of general economic growth,” says Rory Ord, head of unlisted investments at 27four Investment Managers.

“Education is highly demanded across all sectors of South African society, and this ties into a global trend of increasingly educated populations.”

Demand creates an opportunity for the private sector

There are two major themes in education that make it interesting from an investment perspective.

“First, it’s clear that government cannot meet the demand for the different levels of education required by South Africans, and neither can it meet the standards required on a very large scale,” says Rory.

He adds that beyond the top performing government schools and universities, the population using these services want better education and many are willing and able to pay for it. This has created an opportunity for the private sector, which has experienced huge growth in private schools, to the benefit of companies like Curro and ADvTECH.

“Both companies have grown strongly in recent years, with Curro achieving higher percentage growth off a lower base. Curro has been highly valued by investors who have been willing to pay for the expected growth. ADvTECH is a bit more mature as a business, but has still delivered growth of 20%+, and on a much lower earnings multiple. Private education is still a small percentage of the whole, so expect more growth, but it does take time to deliver this growth in large numbers,” advises Rory.

The investment opportunity of education technology

investment-opportunity-of-education-technology

“The second theme,” Rory says, “is how technology can increase the penetration of quality education. In essence, the way education is delivered has not changed with the advent of technology, but there are many areas where change is possible.

“The best example of this in South Africa is GetSmarter, which partners with global brand universities to provide high quality online short courses. Founded in Cape Town, this business was acquired by 2U, a US based company doing similar things in 2017, for R1,4 billion.

“Technology also promises more focused learning by tracking the progress of each student and adapting to make sure no child is left behind. We expect plenty of disruption and change in this part of the market.”

Related: How GetSmarter Got Smarter

What’s next for education?

In the unlisted space, Milpark Business School was bought out by private equity buyers several years ago and has recently been purchased by Stadio, Curro’s tertiary education spinout and Brimstone Investment Company. A third theme is consolidation. Scale is important in education and established players with capital are likely to continue purchasing smaller players to achieve this.

What the education sector looks like today

The education sector is divided into three separate investment and business opportunities, namely: High income schools, low income schools and franchises. Before investing in any of these sectors you’ll need to understand them.

Low income schools

Low-fee or independent schools are growing at a rapid rate in South Africa. In its 2015 report, Low-Fee Private Schools: International Experience and South African Realities, the Centre for Development and Enterprise (CDE), reports that low-fee private schools that charge annual school fees of less than R12 000, are educating an estimated 250 000 learners. The schools fill in the education gap left by insufficient or dysfunctional public schools in disadvantaged communities.

“The private education sector is not well researched or understood,” says Jane Hofmeyr, policy and advocacy director at the CDE. “But there is considerable potential with new players, local and international, coming into the market, looking for opportunities in South Africa and Africa.”

The growth in the independent school industry emanates from for-profit and not-for-profit chains of private schools at all fee levels. The main source of income for low-fee independnt schools is school fees, government subsidies and donations.

Investors in this sector face a number of challenges. A convoluted regulatory environment can impede the establishment of new schools. You’ll also face high compliance costs, and more accountability with severe sanctions for non-compliance. Further challenges are acquiring affordable premises, high teacher turnover and late or non-payment of school fees.

High income schools

ADvTECH, a listed private education provider, reported a 22% rise in revenue to R2 billion for the first half of 2017. Operating profits grew by 28% to R344 million, while earnings climbed 6% to 38,6 cents per share, and a dividend of 15 cents per share was declared. ADvTECH’s schools division comprises 90 schools across 47 campuses under the following brands: Abbots College, ADvTECH Academies, Centurus Colleges, Crawford Schools, Junior Colleges, Maravest Group and Trinityhouse.

There are also challenges in this sector: “The difficult economic climate and unsettled socio-political environment had a more significant effect on enrolment numbers than had been anticipated. We have seen a consistent rise in the number of families emigrating and this trend had a negative effect on enrolled numbers as we lose students in grades where it is difficult to replace,” says ADvTECH. “In addition, we have seen an increase in withdrawals and exclusions as a result of financial pressures. Therefore, while actual new enrolments have been in line with expectations, net student numbers have been adversely affected by these two negative influences.”

These factors, along with costs of investments in greenfield projects and school expansions, are constraining profits.

Franchising opportunities

Education franchises continue to grow and spread across South Africa, fulfilling parent’s needs to invest in their children’s early learning and critical skills development through enjoyable, educational programmes.

Related: Enko Education Investments Matches Money With Passion


BIG DEALS IN THE EDUCATION  SPACE IN 2017

GetSmarter

SOLD FOR R1,4 BILLION

2U, a Nasdaq-listed technology education business acquired Cape Town start-up GetSmarter for R1,4 billion. GetSmarter was founded by brothers Sam and Rob Paddock. The education business focuses on developing online short courses in partnership with higher education institutions, including Cambridge University, Harvard University, the Massachusetts Institute of Technology and the Universities of Cape Town, Witwatersrand and Stellenbosch (Business School).

Both companies focus on delivering “high-quality, high-touch digital higher education from world-class colleges and universities,” said 2U in a statement.

Milpark Business School

SOLD FOR R320 MILLION

Milpark Business School was sold to Stadio, in partnership with Brimstone, for R320 million. Brimstone will pay R96 million for a 30% stake, and Stadio will pay R224 million for a 70% stake in Milpark Business School. Stadio, which falls under the Curro umbrella, says this acquisition is just the beginning; it intends to acquire several additional programmes, including degrees, higher certificated and diplomas.

Mancosa

Undisclosed

Yusuf Karadia sold Mancosa to UK private equity firm Actis, two decades after he launched the distance learning school to teach South Africans business skills. Mancosa is now a part of Actis’s expanding African higher education portfolio. Since 2014, it has spent R3.65 billion investing in educational institutes across the continent.


CURRENT OPPORTUNITIES IN THE MARKET

A+ Students

Creative Minds

  • Investment: R200 000 to R300 000
  • Contact: +27 (0)82 785 7763/ +27 (0)21 939 6344
  • Visit: www.minds.co.za

Innovatus FET College

  • Investment: R700 000 to R1 million
  • Contact: +27 (0)32 541 0045/6
  • Visit: innovatus.co.za

Kip McGrath

Kumon Education South Africa

  • Investment: R50 000 to R100 000
  • Contact: 0800 002 775
  • Visit: www.kumon.co.za

MiniChess South Africa

Sherpa Kids

Young Entrepreneurs

  • Investment: R350 000
  • Contact: +27 (0)87 287 4038/ +27 (0)82 442 6267
  • Visit: www.younge.co.za

Continue Reading

Types of Businesses to Start

11 Uniquely South African Business Ideas

Having difficulty in identifying that unique ‘gap’ in the market? You can start your own distinctively South African business, using these 11 uniquely South African business ideas.

Nicole Crampton

Published

on

8-11-uniquely-south-african-business-ideas
Prev1 of 11

Business idea 1: Create A Uniquely South African Drink

South-African-flower-route

South Africa’s landscape is one of the most diverse in the world. Its Cape Floral Kingdom is one of only six floral kingdoms in the world. The country’s ecosystem supports 9 600 recorded plant species. 70% of these plants are found nowhere else on the planet.

This wonderfully diverse and unique environment brings with it the opportunity to develop and create products from uniquely South African resources, such as our rooibos plant, unique African spices, African aloes, or even distinctly different SA wheat and hops.

As with any business idea, you need to identify the good and the bad.

Businesses That Spotted The Gap

Successful founder of YDE, Paul Simon, sold his business when it had an annual turnover of R160 million at the time of its sale, to start his own home-grown rooibos iced tea brand; Über Flavour. Simon discovered a South African product being made in Stuttgart, Germany, and felt he had to correct this ‘injustice’.

Über Flavour sold out in the first six weeks of production, and within eight months it was in 150 locations in Cape Town and Johannesburg; from restaurants to grocery chains. 

Mikie Monoketsi is obsessed with healthy living and realised how ill-informed people in townships were about herbs and spices and its health benefits. So, she set out to capture the township market with her unique blend of healthier spices from her business Mama Spices; and it was an amazing success.

Now, she’s producing approximately 1.2 tonnes of spices monthly for Mama Spices & Herbs, to keep up with demand. 

Here’s what you need to consider when setting out to accomplish this:

Pros

  1. You already have access to uniquely South African resources.
  2. You already know how to create a product using those resources.
  3. You already know there’s a market for your new product.
  4. The raw material will be cost effective because you’re sourcing it locally.

Cons

  1. You will have to develop a network of suppliers, for example; rooibos tea farmers.
  2. You may require a food technician to assist in developing your distinct South African flavour.
  3. You’ll need to make sure there’s a market for your new product.
  4. There will be a significant capital investment.

Related: A – Z Easy Small Business Ideas

Next up > The growing demand and profitability of education

Prev1 of 11

Continue Reading

Types of Businesses to Start

20 South African Side-Hustles You Can Start This Weekend

Start one or more of these low cost 20 South African side-hustles this weekend.

Nicole Crampton

Published

on

34-20-south-african-side-hustles-you-can-start-this-weekend

Are you looking to make extra money on the side? If you don’t want to invest a lot of your hard earned money into it, and you don’t want it to be too complex and time consuming to set-up, then you’ve come to the right place.

There are numerous types of uniquely South African side-hustles that you can start this weekend. This list of part-time or side-jobs require relatively low investment and need very little infrastructure to get off the ground.

Here are 20 South African side-hustles you can start this weekend:

Side-Hustle 20: Weekend food truck

Crumbs and Cream food truck

Are you a bit of a foodie? Do you enjoy making interesting and unique food for your friends and family? Perhaps you should invest in a food truck and earn some extra money on the side?

Miles Kubheka was so inspired by the fictional character he played, named Vuyo in the Hansa adverts from a few years ago, that he turned his fictional Vuyo’s Original Wors company into a real-life, well-known South African branded food cart operation.

“It’s better to ask forgiveness than permission. I never asked SABMiller if I could use ‘Vuyo’,” admits Kubheka. He now has his own restaurant and that’s only the beginning of the success that has resulted from this side-hustle.

Crumbs and Cream, a popular ice-cream sandwich restaurant started off with just a tuk-tuk at the V&A Waterfront in Cape Town. This was a low cost, mobile operation, which the founders could start while still working full-time. Their business did so well that they now have an additional location in Cape Town and a location in Johannesburg.

Interested? Read up on how Balkan Burger Filled a Niche… and a Lot of Stomachs.

Side-Hustle 19: Become a virtual English teacher

virtual English teacher

You might be asking yourself, but how is this uniquely South African? Yes, people can do this from all over the world. However, many countries prefer South Africans because compared to Americans, Australians and those from the United Kingdom, SA’s accents are a lot easier to digest and understand to the ears of second- or third-language English learners.

As a native English speaker, consider how difficult it is for you to understand Scottish, American and Australian accents, never mind someone who’s trying to learn the language from scratch.

There are many teaching opportunities across the globe, and all you need to start earning is decent Internet connection speeds and a computer.

Related: 10 SA Entrepreneurs On What They Wish They’d Known Before Starting Their Businesses

Side-Hustle 18: Brew your own craft beer

craft beer

Craft beer or artisanal beer is growing in popularity amongst the millennial and Z generations. Brewing beer is very different to drinking it, so you’ll need to understand the fermenting processes and have at least some understanding of how to go about brewing and marketing your beer.

South Africa has 9 600 recorded plant species, 70% of which are not found anywhere else on the planet. The unique proudly South Africa ingredients and flavours you introduce to your brew could put you in a class of your own.

This venture could lead to you launching your own beer label, or at the very least means you’ll never have to buy beer for as long as you brew.

Find out how The Tap Room Is Opening The Taps On A Niche Business.

Side-Hustle 17: Tutor younger South Africans

tutor-young-students

There is always demand for strong tutors in South Africa to help younger generations improve their understanding of a variety of subjects. So, if you excelled in primary school and high school, this might be the option for you.

Tuta-me, for example, enables students and tutors to digitally connect with each other and arrange for a meeting in a time and place that suits both parties. The app streamlines processes by making it a paperless option for students looking for tutors.

“Dylan Hyslop and I started talking about this and we wanted to know how we could contribute positively to the state of education in the country. Access to good education is a challenge, as a lot of people can’t afford private schooling. We wanted to make an impact on and improve access to education,” explains co-founder Abed Tau.

Related: 10 Business Ideas Ready To Launch!

Side-Hustle 16: Teach your passion to others

Whether you’re an avid cyclist, dancer, yoga practitioner, runner, painter, carpenter or jewellery maker, you can create a class and teach others your passion. You could teach others to make traditional African jewellery, paintings or pots to earn money from too.

Related: The 10 Best New-Age Business Ideas You Haven’t Heard About Yet

There is always a need for others to express themselves. You can offer them something no one else can with a uniquely South African tailored-learning experience. Try creating the best city-sites for cycling routes, or hosting yoga classes in one of the many parks or botanical gardens across the country – like a popular ParkRun.

Side-Hustle 15: Give adventure tourism a shot

adventure-tourism

Are you an adrenaline junkie? Do you know where all the best bungee jumping, base jumping, parasailing, wakeboarding, surfing, mountain biking, horse riding, hiking spots are? Then this is definitely the side-hustle for you. Organise groups to go with you to South Africa’s adrenaline-inducing spots, like a Sani pass in 4x4s.

Numerous local and foreign tourists won’t know where the best hiking, cycling, riding or 4×4-ing trails in the area are, but you do.

All you have to do is organise groups to go, and create an adventure-filled unforgettable experience for them. You can even tailor vacations for those adrenaline junkies looking for the most exciting activities South Africa has to offer.

Starting A Business In Tourism? Sell Memorable Moments

Side-Hustle 14: Odd jobs

m4jam

M4Jam is a proudly South African app that allows you to find jobs near you and that suit your skill set. Jobs range from simple tasks you can complete in your area, like taking a photo of a shop, or completing a survey from your couch. You will earn money for each job you complete.

“With the opportunity to earn extra cash and supplement their incomes, our jobbers are strongly invested in our platform, providing real insights, in real-time and solving real business issues for companies.

This begs the question of brands – can we afford not to be on-board?” says Andre Hugo, co-founder and Chief Jammer at M4JAM.

Related: 11 Uniquely South African Business Ideas

Side-Hustle 13: Make and sell crafts

Make and sell crafts

Do you enjoy making uniquely South African hand-made items? Do you enjoy creating and being crafty? This might be the unexpected job for you.

Flea markets are big across South Africa where you can sell your wears to international and local tourists looking for something unique to your city or SA. Sites like Etsy and South Africa’s Hello Pretty can make it possible for you to sell your wares for substantially better margins.

There are some who have crafted opportunities out of challenges, for example Molemo Kgomo couldn’t find an African doll for her daughter, so she created one. She now owns a company Ntombenhle Dolls which has grown into an entrepreneurial success. She was solving her own need and now has a full-time business to boast about.

Side-Hustle 12: Figure out how to solve a challenge in SA or in your area

Repurpose Schoolbags

South Africa is far from a perfect country, there are problems to be solved all over. You could make money by designing something to assist your community. Repurpose Schoolbags is a business that was created by two high schoolers, Thato Kgatlhanye and Rea Ngwane. They transformed discarded plastic into schoolbags.

These schoolbags are functional and reduce litter in their area. It also includes a solar panel and a light, so the child could see to do their homework. This business became a sustainable social enterprise that benefits school children, employs members of the community and turns a profit.

If these two clever teenagers can come up with such an innovative solution, you definitely can.

Related: Hate Being Stuck Behind a Desk? 7 Business Ideas for You

Side-Hustle 11: Become a coach

sports coach

Sports are a big part of life in South Africa, but people of many ages are unable to access sports equipment or a knowledgeable coach. If any type of sport is a passion of yours, you should make it you side-hustle to teach others how to play the game.

Sports For All is a franchise that expanded into South Africa, to support local sports because schools couldn’t afford the equipment and coaches.

“SFA is a social franchise that’s primarily aimed at uplifting the community. Because of this, franchisees need to be very engaged in their communities. You need to care about your community and be very involved in it,” says Marina de Lange, franchiser who brought this franchise to South Africa.

“It makes getting a sport programme off the ground so much easier because you’re provided with a turnkey solution. All the sports equipment needed, for example, is provided for you,” explains de Lange.

If this business could develop a whole franchise around its offering, then there is definitely a need. So, why can’t you be the one to fulfil it – even starting out with just one school in your area?

Side-Hustle 10: Make and sell food at food markets

Balkan Burgers

Do you make the best traditionally-South African food in your neighbourhood? Maybe this is an opportunity for you to start a food stand side-hustle.

The founders of Balkan Burgers did just that. They saw an opportunity in the Johannesburg market for a different kind of meal. They mobilised the whole family to get involved. Now, they trade in three of Joburg’s most famous markets, they also have a food truck and they sell at big concerts, festivals and events. They even cater for birthdays and weddings.

All of this was accomplished because they went to the market, saw there was a gap in the market and filled it. When they started out they managed to pull it off in 6 days, and if they can do it, so can you.

Local is lekker: Why the V&A Food Market is a Great Place to do Business

Side-Hustle 9: Take foreigners on a journey of SA with Voicemap

Voicemap

Do you live in an interesting part of town that has a lot of quirks and hidden treasures? You can use Voicemap to guide tourists and visitors through your area, or areas you like to frequent. This app offers stories and facts given by best-selling authors, expert correspondents, veteran broadcasters and even passionate locals.

“I’ve had almost all of my best experiences when a local showed me their city. It immediately cuts through all the abstraction of being an outsider, because you become a participant, with a point of reference that helps you to identify with a place. You get to share somebody else’s feelings for their home,” explains co-founder and CEO of Voicemap, Iain Manley.

Get paid for telling the story of your neighbourhood and guiding tourists and visitors to those secreted gems.

Side-Hustle 8: Design and sell unique South African fashion

YDE

There have been many designers who started out created clothing for themselves or sold pieces on the side to make a bit more money. If you love to sew and design your own clothing or make clothing for others, you can always make a dozen pieces and sell your wears at local flea markets, or even online.

Stores like YDE offer space for rising designers too, so you could potentially sell your clothing through them part-time. Hello Pretty is another online opportunity where you can sell your wares.

By purveying online, you can see how many items you need to make and reduce wasted time, effort and inventory.

Related: How Fashion Start-Up ToVch Built A Brand Presence With Only A Little Budget

Side-Hustle 7: Rent out your spare room/spare bed on Airbnb

Airbnb

If you have a granny cottage in your back-yard, a spare room in your house or even a spare bed in your house, you could rent it out using Airbnb. South Africa has some of the most sort-after natural wilderness and if you live near it this could be a solid side-hustle option for you.

Brigid Prinsloo now travels around the world while she rents out her apartments through Airbnb. “By the end of that first month, we had earned close to R10 000 by renting out the room. The rent for our entire two-bedroom flat was R10 500 per month. We realised that we could earn a tidy sum by renting out an entire flat.”

It all started with a spare room, now Prinsloo has multiple properties and rents them out regularly, while she and her family travel around the world. You can learn more insights from her success story here.

Side-Hustle 6: Design food-growing opportunities

Reel Gardening

There is a food-shortage in South Africa. You can help by designing a product or systems to help others around the country grow fresh food for themselves. If you’re good at growing your own veggies, or know which animal’s lifecycles will be best suited to a livestock farming system, you can create a solution to help solve South Africa’s food shortage and feed those who currently can’t feed themselves.

Examples of businesses already doing this are Reel Gardening that created seed strips to help reduce water usage and increase germination.

Aquaponics is another business that offers rural people an opportunity to breed and sustain their own fish supply. The entire system is closed and requires water and electricity, but can be transplanted anywhere.

Start your own farming business with this easy to use guide.

Side-Hustle 5: Teach the community

community

If you have computer skills, you can offer a group class to those looking to learn the basics. There are those that offer computer classes at old age homes to help the elderly email and Facebook and stay connected to their relatives, friends and families around the world.

Silulo Ulutho Technologies flipped South Africa’s shortage of education into an opportunity and started offering access to computers, as well as training sessions for those who didn’t know how to use a computer.

Now, the business has branches all over the country and it’s still growing.

Side-Hustle 4: Make and sell South African memorabilia

South African memorabilia

There’s nothing tourists like more than being able to take home a keyring, magnet, t-shirt, hoodie, cap or beer mugs with ‘South Africa’ on it. This is relatively easy to do, and you could even offer an online store so you can manage what you need to make in your spare time. You can keep this as low cost as you want, until you make enough cash to buy equipment and turn this into more of a full-time enterprise.

Paul Simon, founder of YDE and Über Flavour, sold custom mining helmets during the 2010 FIFA World Cup, and made enough to allow him to start his next business.

“The Makaraba mining helmets are very South African, and real artworks, which of course means they weren’t geared for the kind of mass production that an event like the World Cup needs. We created a mass production version. We manufactured a plastic projection moulding kit and customised them according to a country’s team clothing. Fans bought the kit in pieces with stickers and could ‘create’ their own Makaraba helmet too,” explains Simon.

Side-Hustle 3: Plan uniquely South African holiday packages

South African holiday packages

Have you explored the ins-and-outs of this beautiful country? Do you love organising holidays, negotiating for cheaper prices and finding the best value-for-money when traveling? You can design custom South African holidays for those wanting to see the best of the country, but don’t even know where to start.

Camping Khapela offer luxury camping services for holidays, weekend getaways and festivals. But, it all started with the founder, Karabo Sepharatla, using the deposit for the trip to buy the equipment, but once the equipment was paid for, each following trip made a higher percentage of profit.

To read more about how Camping Khapela set-up itself for success, visit here.

Side-Hustle 2: Grow indigenous plants

De Fynne nursery

If you have a super-green thumb and enjoy growing plants in bulk, you could start growing your own profitable side-hustle. That’s how De Fynne nursery started out. Founders Hacky Goliath and Elton Jefthas were growing and selling fynbos and indigenous plants on the side while finishing their degrees.

The demand for their plants grew, and it paid more than their day jobs, which made them decide to turn their side-hustle into a full-time gig, creating De Fynne nursery.

They are now on a 22-hectare property with well-over 600 000 plants and 22 permanent staff to brag about. The company also supplies Woolworths, Massmart and Spar, as well as landscapers, commercial farmers and wine estates.

Side Hustle 1: Make your own proudly South African creams and lotions

Oh-Lief

With so many skin sensitivities around, especially in babies and toddlers, a natural South African balm, cream or lotion is just what the mass market is looking for. If you enjoy making your own lotions and balms from scratch, because you prefer natural South African ingredients, then this might be a profitable side-hustle for you.

Christine Buchanan and her sister Louiza Rademan concocted their own nappy rash balm for Buchanan’s first child and it worked wonders. They started out selling their products at a trade show, and sold out 100 tubs on the first day, they went home made another 100 tubs for the second and third day, and sold out on those two days as well.

Now, their products are sold internationally and they were able to leave their senior positions to follow their dreams. Oh-Lief is now also stocked across the country in hundreds of different stores including Woolworths.

Related: 10 SA Entrepreneurs Who Built Their Businesses From Nothing

Continue Reading
Advertisement

SPOTLIGHT

Advertisement

Recent Posts

Follow Us

Entrepreneur-Newsletters
*
We respect your privacy. 
* indicates required.
Advertisement

Trending