Jamaica is a very fertile round for starting small business with little money, but in order to start a business in there, you need to find the business ideas that will be easiest start and manage. Having a list of such business ideas, you can find what you can do best.
Some businesses do not need much money to get started but require a lot of overhead and money. As a first time entrepreneur, you should not considering such options. However, there are businesses that you can start easily with little investment and these won’t need much of running costs too. Once, you have a lot of customers you can always plan an expansion.
This article will discuss five low cost business ideas for Jamaica that you can start and run easily, without spending much money. But, before you plan to start one, make sure that you have thought over all the options that you have as you plan to start a business in Jamaica that makes sense for you.
1- Vacation Rentals
Vacation rentals are a popular business in Jamaica and you can start with the spare rooms in your house. Though the competition is high and you may need substantial funding at a later stage to increase the profitability of your vacation rental property, but you can easily acquire loans to grow it big and beat the competition.
Most of the tourists search online, so the best idea is to invest in online advertising, as it is much cheaper and most targeted. Check out all the online portals where you can post your add. Plus, you will have a lot of vacationers who are willing to pay premium prices the closer your units are to the beach.
Even if you do not live in Jamaica and have your property there, it is ideal to convert it into a vacation rental and hire someone to manage it.
A cleaning business is a good way to help all the businesses, rental units, and homeowners in the area. You could hire local cleaners who will work throughout the day, and you can even work with people who own rental units on the island. The cleaning business that you start only needs the simplest of cleaning tools, and doesn’t need much investment to get started.
This is a great guide to start cleaning business from scratch without investing a lot of money.
You can hire one person to manage the cleaners, and you will have a lot of business because there are so many vacation rentals and local offices that need to be cleaned regularly.
3- Food Carts/Street Cafes
Food carts and street cafes are a good way for you to make money because tourists need places to eat. You can buy carts that will be managed by your employees throughout the day, or you could establish a small street cafe that is in a busy part of town. You can hire a chef or manager to run the restaurant, and you can set hours that make the restaurant easy to manage.
Yes, you need a loan to buy the property. However, a well-managed restaurant or cafe will pass health inspections easily. Plus, you can come down a couple of times a year to check out the place for yourself.
4- Delivery Services
Delivery services are needed all over the island because local businesses are shipping items to customers, food needs to be delivered, and paperwork needs to be sent to local businesses. You might purchase a van for deliveries, or you might hire young men on bikes to courier items around town.
This business, does require investment in vehicles and software. If you cannot manage a local loan, you may consider, a friend or a family member to send money from the U.S. to Jamaica to fund your business.
A tour company in Jamaica is a good way for people to make money because you can hire locals to give tours of a place that they know very well. Tour guides are needed when big groups come to Jamaica, and every town has many amazing locations that a tour guide can visit.
Tours get even more interesting if your company takes people into the jungle to see places like the Blue Hole. You might start a beach tour company, or you could start a surf tour company that takes people to all the places where they can learn to surf. All you need to do is hire an instructor and find a vehicle.
Concluding it all….
Jamaica is the land of opportunities for people who want to start and run their own business. You can manage all the businesses listed above from your home in the US, and you can send money to Jamaica when needed to cover certain business expenses. It is easy to manage an international business when you have planned ahead and know how to manage emergencies.