Africans should consider these flexible and realistic ways to earn high profits by offering B2B products and services. These highlighted ways are based on insightful analysis and statistics from sources like Forbes, Harvard Business Review, Jobberman, etc.
1. Start an employment agency
According to Jobberman, the primary function of an employment agency is to find ideal candidates for recruiting firms. Many companies rely on placement agencies to find the best-suited candidates for open positions.
Offering employment agency services is a business-to-business strategy that can be lucrative for qualified Africans. According to Human Resources MBA findings, recruiting agencies earn around $103,000 in the United States. Africans with connections and a large clientele can earn money by setting up an agency with minimal investment.
2. Start a Consulting Company
According to Harvard Business Review, consulting firms offer more than professional advice to client companies. These companies assist and implement the recommended solutions to help the clients achieve the desired results in their business activities.
Starting a consulting business can be very rewarding. Africans can benefit from the market by offering IT, management, small business and legal consulting services, among others. You can start small with a narrow focus and grow over time in this market with high returns.
3. Start an email service
According to Career Explorer, couriers offer door-to-door delivery services for businesses. Most couriers specialize in local deliveries and earn an attractive income. Starting a courier service is a great solution for entrepreneurs and profitable for Africans.
You can start a courier service with minimal capital and offer affordable services. According to ZipRecruiter, a local courier in the United States earns over $38,000 per year. Africans with transportation capable of picking up and delivering parcels around town should consider courier services.
4. Start a coworking center
According to a report on trick, the co-working space is a booming sector, and Africans can take advantage of it. Most coworking centers rent office space to company staff in exchange for money. African entrepreneurs struggling to find office space can venture into the profitable market and provide solutions.
Coworking spaces are focal points for entrepreneurs and corporate staff to network and build relationships in their respective fields. Africans can earn money by facilitating an affordable coworking hub.
5. Start a commercial cleaning business
Commercial cleaning companies specialize in disinfecting company bathrooms as well as cleaning floors. Most cleaning services take out the trash, do various light cleaning jobs for businesses, and earn rewards. These B2B cleaning services ensure a healthier indoor environment and improve your training and hiring process.
According to Jobber Academy, the average cleaning company in the United States earns over $56,000 per year. Africans should consider starting this business by researching potential clients, recruiting staff and purchasing the right equipment for rewarding opportunities.
6. Private security organization
According to Building Security, the private security industry is lucrative and growing so rapidly. And Africans can benefit by offering private security services that will also fix business IT problems in exchange for money.
If you can protect complex objects for companies, you can make a fortune without leaving Africa. Consider obtaining a license to implement barrier-free security activities.
7. Start a Public Relations (PR) Agency
According to Forbes, public relations is an essential management tool for companies to improve their image and achieve their goals. Most PR agencies enhance corporate credibility and position brands as industry leaders. With the rapidly growing advertising market, skilled Africans can earn money by offering PR agency services to businesses.
If you can advise, select and develop an effective advertising strategy and assess the risks, consider starting a public relations agency. Africans with a large customer base can positively generate high profits, separating brands from competitors.
8. Start a Writing Agency
According to Media Bistro, copywriting agencies specialize in writing sales copy and various forms of business material. Most copywriting agencies brainstorm concepts, conduct extensive research, and develop storyboards to improve sales. It’s time for creative African writers to string together a cohesive phrase and make money from this B2B business strategy.
Africans skilled in writing articles or landing pages for ezines or running social media groups can earn a desirable income by starting copywriting agencies on the continent. You can start with a minimal budget and grow your business over time.
According to Market Watch, website developers are in constant demand as the world depends on computers for everyday tasks. Although only a few know what drives them, Africans can earn a fortune in this growing market.
Skilled African web designers and computer programmers can make a fortune creating blogs and websites for businesses. Consider building a portfolio, gaining a clientele, and gradually growing your business with a computer. Information from the United States Bureau of Labor Statistics shows that the average website developer earns $77,200 per year.
10. Production of seals and stamps
According to Sprout, seals and stamps are essential document processing tools for any business, regardless of its business model. Most businesses need seals and stamps ranging from shared certificates to invoices and vacation cards to process these documents.
With new businesses opening every day, skilled Africans can earn a fortune producing stamps and seals for businesses. You can start this business from home with minimal cost and grow your customer base over time.
Africans can earn a desirable passive income by offering B2B products and services, be it producing seals and stamps, developing websites or setting up an employment agency. So, consider your options based on your skills and highlighted annual income.
Olayinka Sodiq is a skilled copywriter with technical, analytical and writing experience gained over 5 years of in-house and freelance gigs. He is versed in finance, investments, technology, blockchain, mergers and acquisitions, bankruptcy, etc.