Profitable business ideas in Zambia | There are a number of startup business ideas in Zambia that are quite lucrative that you can start immediately and make a huge profit.
Perhaps you are seeking for full-time most profitable business ideas in Zambia to invest as an entrepreneur or you want to generate multiple income streams then this post will be a go-to guide to get started.
How to Start a Profitable Business in Zambia
These ideas for profitable businesses span a variety of industries and involve varying time commitments and startup costs. Before you can earn any profit, however, you’ve got to get your business off the ground. Take note of the following tips first:
Do your research
Whether you choose one of the ideas here or come up with something on your own, do your research before committing to any concept of business in Zambia. Don’t get me wrong, Zambia is a good environment for any business.
You’ll need to perform idea validation, a process that involves market and competitor research, as well as a financial feasibility analysis to help test your business idea and determine whether you want to move forward with your business proposal.
Get organized and make it official
The mistake many small business starter make in Zambia is that they failed to organize their business.
Once you’ve chosen a strong business idea, you’re ready to create a thorough business plan.
Your business plan will outline your company’s goals and how you’ll achieve them as well as provide a roadmap for you to follow for the next few years.
Find the right financing
It can be difficult for startups to qualify for some traditional business loans, as they often require multiple years of business history for approval. Instead, new business owners might consider startup funding options, such as banks loan, government loan, microloans, grants, or asking friends or family for an investment.
Most Profitable Business Ideas in Zambia
So, if you are planning to start a lucrative business in Zambia, the best time is right now.
1. Farming Business
The agricultural sector is one of the most booming sectors of the Zambia economy. This business is one of the most profitable business ideas in Zambia.
The agricultural sector in Zambia supports livelihoods of 85% of the population. Maize is the principal cash crop as well as the main staple crop.
With appropriate strategic planning, anybody having a simple knowledge of farming and the manufacturing process can begin a profitable agriculture business.
Getting into the agriculture business does not require a huge amount of money or large farmland.
With a little piece of land in your backyard, you can plant some crops in small or vertical containers to utilize your space.
Agricultural business like poultry farming is extensively profitable agricultural business in Zambia, not only due to the fact that it is easy to raise but also exceptionally productive. An adult hen (3 months) can lay more than 7 eggs per week, the sale of those eggs is enough to support you. Other products includes meat, feathers, dung for compost and food.
Fish Farming is also an attainable business opportunity in agriculture in Zambia. Fishing is a very lucrative business in Zambia. But it’s very, very expensive to implement. Starting a fish farming business in Lusaka area is a good idea. There are many different places in the country where fish is consumed on a large scale. So you will make a lot of Incomes from this business. Some other agricultural business include:
- Cassava Farming
- Rice Farming
- Snail Farming
- Catfish Farming
- Maize Farming
- Pig Farming
- Honey Bee Farming
You’ll always see supermarkets along the road in Lusaka, what does this tell you?
People buy every day. Owning a supermarket is an extremely most profitable business ideas in Zambia.
Though you might need a huge capital to rent or build your own outlet, you’ll surely make sales. If you’re a busy or working-class person, you can employ the services of a salesboy or girl and pay them either weekly or monthly.
This is one of the startup business ideas you can begin today with the capital and the right location.
3. Hotel Business
The hotel business is one of the untapped businesses that are really lucrative in Zambia.
People travel every single day for various reasons and they’ll definitely need a place to lodge either for a night or for as long as he/she so desires. And of course, we all know that it goes for a fee. Hence, a hotel business will always be a profitable business to start in Zambia.
It might interest you to know that you can own a hospital even without necessarily being a medical practitioner.
The health sector is really lucrative, people visit doctors every day. Good health is not underrated.
If you have the resources to get land and build a hospital, why not do it?
The next thing on your list will be to employ a doctor and nurses as well as the hospital cleaners and every other worker a hospital needs to be working for you. Pay them their monthly or weekly salary and you’re good to go.
5. Car Dealership
Undoubtedly, sales of cars, vehicles and other automobiles have proved to be one of the most profitable business ideas in Zambia.
Perhaps you don’t have the capital to get started, you can partner with already established car dealers in Zambia until you have been able to build a customer base and raise capital to stand alone.
6. Starting a Pharmacy
This is one of the most profitable business ideas in Zambia that you can start and make money in Zambia.
Setting up a pharmacy in Zambia is very profitable especially if you set up your pharmacy in a community with a good population. You don’t need to be a doctor to set up a pharmacy business in Zambia. However, you might need to have a license to be approved.
7. Furniture Making
From table making to bed frames, cushion chairs, iron chairs, and bookshelf sell really fast in Zambia.
Whatever adds beauty to homes is a lucrative business to venture into in Zambia. Starting a furniture business in Zambia can be a fast way to make money doing business in Zambia.
Photography is another good business idea you should consider investing in Zambia.
There are lots of events happening on a daily basis and people want to capture memories.
Hence, you can profit from this business really quickly. As you start the business, you will improve your skill over time and acquire more customers are your brand grows.
9. Dry Cleaning Business
Some people just like doing the laundry and isn’t just tired of it. If you’re this person, why not channel that passion into something that you can be earning from?
Now, washing and drying machines have even helped in making the work easier.
The dry cleaning business is very lucrative because people will always patronize you. Not everybody has the time to do their laundry probably because of work or because they’re not just free to do it.
Hence, you can start a dry cleaning as one of most profitable business ideas in Zambia today.
10. Gym Business
It would interest you to know that fitness has always been a source of concern and Zambians have also been caught up with this.
If you’re a health enthusiast, you can definitely look towards starting a gym business in Zambia.
You will just need to have enough money to equip your gym Centre. Of course, this is a profitable business you can start in Zambia.
11. Restaurant Business
In a country like Zambia, the restaurant business has always been on the rise. This simply means that it just will never go out of fashion.
If you’re a great cook, you can start a restaurant business today.
However, you must ensure that you prepare good meals that will keep people coming back.
Everyone needs food irrespective of their condition and that makes the restaurant business a lucrative business idea to start in Zambia.
Perhaps, you do not need to know how to prepare all the dishes, you can hire a chef to take care of that while you focus on other business processes.
12. Social Media Business
I’m sure you’re wondering about this online business. The social media space has suddenly grown to be an important tool that can drive not only the visibility of a business but also its profitability.
Currently, most companies now have a social media strategy as a full-service function within their organization while others outsource this service to a digital marketing agency.
13. Daycare Center
There will always be the need to make a living even after giving birth to children.
Hence, it is a business you can start today if you are looking for startup business ideas in Zambia.
The services they render are indispensable. If you love taking care of kids, then starting a daycare center is a great decision.
One important thing to note before starting this kind of business is that you’ll need to register it properly to avoid getting into problems with the authorities.
14. Real Estate Business
The real estate business is the road to take. Can you guess why?
These are passive income sources that you can make money from even when you’re asleep.
Every entrepreneur dreams to retire one day and be financially free.
That can only be possible if you build passive numerous income streams like real estate. The real estate business is still an untapped business in Zambia that you can start today.
15. Cake and Cupcake Bakery
In Zambia today, events are endless from weddings to birthdays, anniversaries and end-of-year parties.
This presents a huge opportunity in the baking industry. Baking, decorating, and selling unique cakes and cupcakes for such occasions is a great business idea for the hobby baker to venture into, and one that is potentially lucrative.
Without an atom of a doubt, baking is a very lucrative business to start. You can get started on a very small budget by baking and decorating your cakes right from the comfort of your kitchen.
Blogging is one of those businesses that definitely makes you your own boss in Zambia. You work at your time, whenever and wherever you want.
You just have to choose a profitable niche and also where your passion lies to be able to sustain the business.
With just need a laptop and a good internet connection you can start a profitable blog in Zambia.
17. Egg Supply and Distribution
Egg supply and distribution in Zambia isn’t a bad idea, you can as well own a poultry farm to make things easier for yourself.
You can be supplying the eggs to hotels and to retailers.
The egg is consumed on a daily basis and it is a good source of animal protein.
Apart from that, eggs are used in the manufacture of products such as soaps, confectioneries, cosmetics, hair conditioners, shampoo, glue as well as face masks etc.
Hence, egg supply and distribution is a very profitable business idea to start in Zambia to make money.
18. Car Wash Business
The need for a car wash will always be on the increase and anyone irrespective of age and experience can venture into this business in Zambia.
The car wash business is very lucrative as most car owners don’t have the time to wash their cars by themselves.
The requirements to start a car wash business is the space that can be rented, the source of water supply and the washing machine to be used.
19. Auto Parts and Repairs
At some point, every car needs a little maintenance.
Auto parts and repair shops are particularly well-positioned for economic downturns as people hold onto cars longer. That means good or bad, you might have luck with an auto parts shop.
You’ll need robust inventory management if you start this small business in Zambia. With all the possible parts you could carry or order in for your customers, you don’t want anything to go uncounted. Make sure you have a point of sale that can handle that inventory from day one.
20. Fashion Resale
While sales of new apparel rise and fall with economic conditions, the popularity of fashion resale is on the rise.
Second-hand retail was already growing in popularity before the pandemic, and subsequent supply chain struggles and desires for deals only helped.
21. Fashion Designer and Tailoring
This is one of the skill-based startup home business ideas that you can start in Zambia today.
Once you have acquired this skill, boom! You’re ready to cash out. Tailoring is now even more lucrative than it has ever been.
People sew new clothes really often and tailors are highly responsible for this. Some tailors even advertise their work online using an online marketing strategy that works to attract customers.
22. Cosmetics and Hair Saloon
If you are a beauty freak, then going into cosmetics is absolutely the best bet.
However, the niche is an ever-changing one which implies that you will need to always keep up to date with the trend to stay relevant.
Cosmetics and hair salon is a very profitable business for ladies in Zambia and every part of the world as people naturally want to look good.
You could open a unisex salon and have a team that services the needs of both male and female customers.
The fashion industry is one powerful sector that will always be vibrant in any economy because all over Zambia and the world at large, people have a basic need for clothing.
Hence, starting your own boutique is a lucrative business idea to launch in Zambia.
Beyond this need, fashion is ever-evolving due to the huge and diverse interest in styles and wants.
Starting a clothing shop boutique business is a lucrative business here in Zambia especially if you focus on ladies wears.
Ladies love fashion and styles, it is not out of place to say that it is a business that will interest you and fun to grow as you expand.
24. Skincare Business
95% of women and about 75% of men use skincare products like creams, soaps, butter, oils, etc.
Starting a skincare business is, of course, one of the most lucrative startup business ideas and most profitable business in Zambia with low capital you can kick off in Zambia as a lady.
You might learn the trade from a professional in the field.
Once you have acquired this skill and understand how to use the right quantity and quality of raw materials during production, you’ll make good products.
25. Mobile Food Business
Have you ever asked, what are the fastest-selling products in Zambia? Food is a fundamental need of man.
Whatever class a man belongs in society, he needs food. Hence, the food business will always be a profitable business in Zambia.
The mobile food business is one of the street food business ideas in Zambia that is very profitable.
Most people especially bachelors do not have enough time to cook at home.
This is when the services of a Mobile food vendor are essential. The mobile food vendor might deliver the food in the office or any chosen location.
26. Electronics Repair
Repair shops help people hold onto their devices, and electronics repair is no different. With right to repair laws advancing, more customers will be able to get their phones fixed.
While there are no formal certifications needed to open an electronics repair store, you still need to know how to do it (or you need to hire people who do). You might want to take a course in electronics repair before opening this business.
27. Tutoring Services
School is always in session, and remote education has created unique challenges for students of all ages. Starting a tutoring service Zambia is a great way to help those struggling with core concepts or gain further mastery in a specific area. Here’s a sample list of the subject areas that your tutoring business could specialize in:
- College essay prep
- Sciences (biology, chemistry, physics)
- Foreign languages
- Computer science
28. Baby Supplies
No matter the economic outlook in Zambia, babies need clothes and supplies, and children need child care. Even when spending decreases in other areas, spending on children doesn’t slow down at the same rate. That means if you want to open a retail store, baby supplies might be the right bet.
You don’t need any formal training to open a retail store in Zambia or sell online, but you do need the right tools.
29. Digital Marketing Services
With more businesses setting up shop online, there’s a growing need for digital marketing services. To help small businesses build their brand and digital presence online, you can create your own digital marketing agency. A digital marketing agency typically offers one or more of the following services:
- SEO writing
- Help with paid social media advertising
- Web design
- Web development
- Brand/creative consulting
- Content creation
- Organic social media management
Anyone can start a digital agency, regardless of their educational background. Running an agency is easy to do from a home office, so there are very little startup costs for starting this type of business.