The 78 Best Business Ideas In Ethiopia [2023]

Interested in starting a business in Ethiopia in 2023?

We put together 78 of the best businesses you can start in Ethiopia today.

In this list of ideas, you can find:

  • Home-based businesses to start in Ethiopia
  • Profitable online business ideas
  • Unique business opportunities for Ethiopia
  • Low investment business ideas (under $5k to start)
  • Easy businesses you can start in Ethiopia today

For each business idea, we’ll show you real-world examples, revenue expectations for each idea, + a step-by-step on how to start your small business in Ethiopia.

Here's the full list:

1. Start a real estate business

Are you a qualified architect with a broad range of knowledge in the real estate field? Starting a real estate business can be a profitable venture.

Real estate involves purchasing, selling, managing, or investing in land and buildings.

To become a successful real estate business owner, you must have finely honed visual awareness and a strong understanding of various building materials and structures.

How much you can make: $5,000 — $1,500,000/month

How long does it take to build: 180 days (?)

Case Study How I Started A $500K/Month Real Estate Investment Business This case study is about T. C. Lewis & Co, a real estate investment and management firm that successfully diversified their approach to include sales, development, remodeling, and construction, with property management being the key to investor doors and organic growth. $500K Monthly Revenue 9 11.7K

2. Start a tutoring business

Starting a tutoring side hustle is a great way for teachers and students to earn extra monthly income.

If you are considering becoming a tutor, find an ideal tutoring niche, and craft a tutoring website.

Then, find your tutoring clients and market your side hustle online. You can choose to offer online tutoring as a part-time or full-time engagement.

How much you can make: $1,000 — $375,000/month

How much does it cost to start: $100 (?)

How long does it take to build: 15 days (?)

Time commitment per week: Min. 5 hours/week

Case Study How I Started A $15K/Month SAT Tutoring Business While In College A 22-year-old entrepreneur started an online SAT/ACT tutoring company from his bedroom which has seen a linear increase in student sign-ups each month, currently bringing in an average revenue of $15,000 a month and plans to triple in 2020. $100K Monthly Revenue $100 Startup Costs 14 18.5K

3. Start a solar products selling business

How much you can make: $2,000,000 — $3,265,000/month

How long does it take to build: 120 days (?)

Case Study How I Started A $60M/Year Renewable Energy Company Specialized In DIY Solar Solutions Renogy, a renewable energy company, founded by Yi Li, specializes in providing DIY solar solutions for everyday life and makes $60 million a year with a growing customer base through e-commerce platforms and partnerships with select social media users. $3.27M Monthly Revenue $160K Startup Costs 10 15.2K

4. Start a consulting business

Consulting businesses are booming, more so than ever before, and seeing year-over-year growth. With an accumulated value of about $250B , the global consulting industry is one of the biggest markets within the professional services sector.

If you want to start your own consulting business with valuable insights from industry experts, reading about their entrepreneurial journey will help you decide how you should go about it.

How much you can make: $100 — $2,500,000/month

How much does it cost to start: $750 (?)

How long does it take to build: 60 days (?)

Case Study How I Started A $45K/Month Cybersecurity Consulting Firm For Startups Cybersecurity consulting firm Eden Data, launched in March 2020, scaled to four team members and generated over $45k MRR without large startup costs through their unique Virtual CISO offering, which outsources cybersecurity and compliance needs for a flat monthly price, rather than charging by the hour or for long-term commitments. $230K Monthly Revenue 9 33.2K

5. Start a blog

In recent years, blogging has become a highly sought-after & lucrative Business. This location-independent business is a creative outlet to reach a broader audience and even work at any time. According to Optinmonster’s list of blogging statistics and facts:

  • Blogs have been rated as the 5th most trustworthy source of gathering online information.
  • 77% of internet users read blogs.
  • Each month, approximately 409 million people view more than 20 billion pages.

Originally blogging started as an online journal, but today it is a highly profitable career option. Many people are choosing blogging as their full-time career and are earning their bread and butter from this profession.

If you want to start blogging as a side hustle or as a full-time profession, choose a niche you will enjoy writing about and have a content strategy ready. Then, create a mailing list, and decide on a good blog posting routine to keep your audience engaged.

How much you can make: $200 — $160,000/month

How much does it cost to start: $500 (?)

How long does it take to build: 37 days (?)

Case Study How This 28-Year-Old Couple Quit Their Jobs And Make $20K/Month Running A Blog Learn how one couple created a successful personal finance blog, The Savvy Couple, that now makes over $20,000 per month and has sold thousands of digital workbooks and courses, by focusing on purposeful content and optimizing their ROI with efficient time management. $20K Monthly Revenue $500 Startup Costs 16 25.4K

6. Start a mobile app development business

Mobile app development is the process of creating software applications that run on mobile devices. These apps can be used for a variety of purposes, including games, productivity, and social networking.

Starting a mobile app development business is a great way to enter the world of software development. This type of company is growing in popularity as businesses are looking for ways to reach their customers through mobile apps.

To start a mobile app development company, you need to have strong technical skills and be able to develop high-quality software. You should also have a good understanding of how to market and sell mobile apps

How much you can make: $7,500 — $2,333,333/month

How much does it cost to start: $7,500 (?)

Case Study How We Started A $82K/Month Custom iOS And Android Apps Development Agency "We started a custom iOS and Android app development consultancy that now makes nearly seven-figures a year by landing clients like Great Clips and the USA CUP after building successful concept apps." $80K Monthly Revenue $500 Startup Costs 9 10.2K

7. Become a mobile personal trainer

Do you love helping people through their fitness journey? If you want a great side hustle to earn extra income, consider becoming a personal trainer.

The fitness trainer side hustle can be an adamant industry to earn good money. However, once you develop a reputation as a good trainer, you can get more clients through referrals. You need to register for the certification course to start offering personal trainer services in Ethiopia.

To attract your first clients, consider online advertising, and seek referrals from every customer.

How much you can make: $600 — $8,333,333/month

How long does it take to build: 532 days (?)

Time commitment per week: Min. 4 hours/week

Case Study How I Started A $60K/Month Personal Training Company Live Fit, a personal training company founded in 2011, grew from earning $80,000 in their first year with two trainers to earning over $760,000 in 2019 with 12 trainers and two locations, thanks to a focus on building trusting relationships and providing a variety of services to clients. $60K Monthly Revenue $50K Startup Costs 9 8.07K

8. Become a virtual assistant

Virtual assistants support businesses, teams, or individuals by performing administrative tasks remotely. As businesses these days tend to outsource their tasks, the demand for virtual assistants is growing rapidly.

Becoming a virtual assistant is flexible, as you can choose a work schedule and location at your convenience. Many virtual assistants in Ethiopia have a dedicated home office where they work in a quiet and distraction-free environment.

To become a virtual assistant, identify a niche you like and undertake any training. Then, figure out how much to charge your customers and create an online presence where you can apply for jobs. As a virtual assistant, you can define your work schedule depending on your availability.

How much you can make: $1,000 — $850,000/month

How much does it cost to start: $1,000 (?)

Case Study On Starting A Business Training Virtual Assistants Filipino Virtual Assistance by FVA Business Consultancy, founded by Julmar Grace Locsin, offers online and offline training to empower marketers, enable businesses, and equip freelancers which has trained 25,000 students from their 31 courses, has 16 coaches assigned from different territories, and fifteen in the FVA team for global digital leadership that will impact the world through digitalization, one life at a time. $1K Monthly Revenue $500 Startup Costs 6 7.49K

9. Become a software developer

A software developer is a person who creates computer programs. They design, test, and oversee the creation of software for a variety of purposes including businesses, personal use, or social networking.

If you have strong technical skills and experience in programming, you can start a software development business. You should also have a good understanding of how the software works.

The average salary for software developers is $110,140 . The best-paid 25 percent earn an annual income of up to 140K dollars while the lowest-paid workers make just under 84K dollars.

The recent trends in software development are moving towards mobile apps and cloud-based solutions. Businesses are providing a variety of programming languages and tools to create software that meets the client's needs.

Starting a software development company is the perfect way to explore in this exciting industry. This type of business is growing in popularity as businesses are looking for ways to offer their customers a convenient way to access their data and applications.

How much you can make: $1,700 — $465,583,333/month

Case Study How We Started A $350K/Month Business Developing Software Tools For Ecommerce Brands SkyVerge, a software company, has grown rapidly with revenue of $350,000 per month, over 100,000 eCommerce customers, and a globally distributed team of 30 people, all through starting with consulting projects and building focused and solutions-based products, acquiring small products from other developers, and focusing largely on content marketing and providing excellent customer support. $350K Monthly Revenue 10 34.6K

10. Start a food truck

Food trucks are a highly profitable business that offers customers a variety of meal options out of a mobile truck. This basically operates inside a large vehicle equipped with kitchen and food products. Starting a food truck is a dream for many people, but it's more challenging than it looks. To make it work, you need the ideal location and menu.

To start a food truck business in a particular city, it is mandatory to check what kind of food trucks are already operating, identify a gap, and bring in some new experiences. Then, with the right plan and the right approach, you can be on your way to starting your own food truck empire.

How much you can make: $29,166 — $61,650,000/month

How long does it take to build: 75 days (?)

Case Study How I Took Food Trucks Corporate And Built A $18M Business Food Fleet grew over 160% in just one year and managed over 20 million in sales for its clients, securing multiple contracts with the likes of Sodexo, Levy Restaurants and more, due to its understanding of catering client needs and its advanced turnkey and design services. $1.5M Monthly Revenue 15 14.2K

11. Start a podcast

The podcast business involves creating and producing audio content that people can listen to online.

It’s a popular form of entertainment and information-sharing.

To start a podcast business on a budget, you'll need a few key steps.

First, choose a niche or topic that you're passionate about and that has an audience.

Next, get basic recording equipment like a microphone and headphones.

Then, find a free or affordable hosting platform to publish your episodes.

Finally, promote your podcast through social media, online communities, and word of mouth to build an audience and potentially attract sponsors or advertisers.

How much you can make: $400 — $1,020,000/month

How much does it cost to start: $2,000 (?)

Time commitment per week: Min. 2 hours/week

Case Study How I Started A Successful Podcast Production Company A successful podcast production company that grew from one client making $15/hour to a team of 10 contractors producing over 30 shows per week with revenue of over $10k/mo, primarily through referrals and with a focus on providing high personal touch and being picky about working only with clients who are a good fit. $16K Monthly Revenue 8 17.4K

12. Start a mobile photography business

Want to start your own photography business? You're not alone. With the rise of social media and photo-sharing, blogging, and online retailing, it's never been easier to start making money behind your camera.

There are photographers shooting weddings, creating images for ad campaigns, freelancing for magazines, touring the world, taking photographs of destinations — the list is endless!

To start mobile photography in Ethiopia, research the target audience and determine which specialization area is more lucrative. Invest in high-quality, professional cameras, lenses, and a computer with professional software photo-editing software.

How much you can make: $2,000 — $500,000/month

How much does it cost to start: $5,000 (?)

How long does it take to build: 200 days (?)

Case Study How I Started A Commercial Product Photography Business Pro Photo Studio founder Tsour Lee Adato shares how she turned a $5k investment into a business that services over 500 clients annually and makes approximately $350k per year with plans to expand and become a 7-figure business while offering advice to fellow entrepreneurs to always be innovating, learning and growing, and not to undervalue themselves. $45K Monthly Revenue $5K Startup Costs 14 14.7K

13. Start a language translation service

Language translation services bridge the linguistic barriers, helping businesses reach a wider audience outside of a single language. A language translation job is an opportunity to cover a wide range of topics and meet people from different cultures.

To become a language translator in Ethiopia, master a second language and earn some experience so you become fluent in the second language.

How much you can make: $40,000 — $550,000/month

How long does it take to build: 70 days (?)

Case Study Buying A Translation Company And Growing It To $4M/Year DEMAN Translations grew from 6 employees and 1.5 million euros in turnover in 2015 to 17 team members and 3.5 million euros in sales in 2020 after acquiring 12 other translation agencies, with a goal to reach 6 million euros this year and 10 million euros in 2022. $550K Monthly Revenue $1.25M Startup Costs 10 7.55K

14. Start a content writing company

Content writing involves writing, editing, and publishing content in a digital format. Examples of content include a blog post, product description, and podcast script—eBooks, press releases, or landing page content.

Becoming a content writer allows you to work as your boss. Therefore, you choose whatever working schedule suits you and take a manageable workload. Moreover, content writing helps you develop essential skills you may not obtain from regular writing.

Content writing is a highly-on-demand service, as companies compete for the online audience who often begin their shopping journey by searching for relevant and educative content online. Therefore, a content writing company is an excellent source of passive income.

To start a content writing company in Ethiopia, research the market and choose a suitable niche. Sketch a proper business plan and create a website. Hire a pool of talented writers and leverage modern technology to streamline operations.

How much you can make: $1,000 — $250,000/month

How much does it cost to start: $600 (?)

How long does it take to build: 30 days (?)

Case Study How Dani Mancini Transformed Her Freelance Gigs Into A SaaS Business, a subscription-based copywriting service providing high quality content that helps businesses scale at roughly 50% of the cost of hiring in-house, created by Dani, a first-time entrepreneur who started with just a few hundred dollars worth of projects and with the help of three other writers; as of last month, topped $14K monthly revenue. $37K Monthly Revenue 24 12.5K

15. Become a proofreader

Proofreading business is a service that helps customers review their written work and ensure it is ready for publication. Typically, a proofreader corrects grammatical errors and provides the written piece meets any relevant style guide.

As a proofreader, you can work online, allowing you to choose what time to work.

If you plan to start a professional proofreading business in Ethiopia, make sure you possess the following skills:

  • Have an excellent grasp of grammar
  • Ability to correct mistakenly capitalized words
  • Familiarity with the proper use of capitalization
  • Use spell-checkers to flag misspelled words

Proofreading is a great way to enhance content quality. With the increased use of written content marketing to reach a broader market, the demand for professional proofreaders has grown tremendously. Professional proofreaders earn an average of $12/hr. And $30/hr.

Therefore, consider proofreading as a business if you are looking for a great side hustle idea or simply looking for ways to increase your income.

How much you can make: $2,000/month

Case Study How I Added $2,000 To My Monthly Income Proofreading Blog Posts A proofreader was able to build a consistent income of ~$2,000 per month from scratch with zero experience in the field, no expenses, and barely any upfront costs by targeting bloggers and content creators who want their content to be copy edited and proofread. $2K Monthly Revenue 18 14.5K

16. Start an affiliate marketing business

Are you looking for a side hustle to pay you a passive income? Affiliate marketing is one of those side hustles that will pay you well over the long term. It is a way to earn money online by promoting other companies' products and services. You will be paid a commission for each sale you make as an affiliate marketer.

To get started, learn how to find the right product and brand to partner with. For example, you may prefer becoming an affiliate marketer for an eCommerce store, partnering with a manufacturer, and marketing their products for a commission.

How much you can make: $500 — $773,000/month

How long does it take to build: 55 days (?)

Case Study How I Built A $3.5K/Month Authority Site With A Full Time Job Bar Games 101 is an authority website about classic bar games with over 200K monthly visitors and revenue over $4,000 for the month of August, achieved through consistent publishing of researched articles and outsourcing by the founder. 14 29K

17. Start a freelancer platform

Freelancer platform is a place where people come with skills and services to offer and people come who need those skills and services. So we can say freelancer platforms are a marketplace for sellers and buyers of services and skills.

The freelancing industry is growing rapidly and it's becoming a popular career option for people who are "non-traditional" employees. The global Freelance Platforms market size is expected to reach $6.7B by the year 2025 . While working on a full-time job, freelancers simultaneously work on a freelance career. The platforms available online help them to increase their business by attracting new clients.

With all of the businesses looking for help on their websites, it would be a good idea to start a freelancer platform. Freelance platforms do well because people have jobs that need to be done and businesses have the resources to pay for the job at hand.

How much you can make: $3,000 — $5,000,000/month

How long does it take to build: 80 days (?)

Case Study We Bootstrapped A Tech Talent Platform To $1.2M Sales In Our First Year CloudDevs, a tech talent platform that sources and vets freelance tech talent and matches them with companies, has achieved $1 million in GMV in its first year, plans to achieve 100% growth year on year, and focuses on customer loyalty through its Net Promoter Score metric. $100K Monthly Revenue $2.5K Startup Costs 18 15.7K

18. Start a dropshipping business

Dropshipping is a business model where you sell products to customers without holding inventory.

Instead, when a customer makes a purchase, you buy the product from a third-party supplier, who then ships it directly to the customer.

To start a dropshipping business on a budget, choose a niche or category of products you want to sell.

Next, set up an online store using platforms like Shopify or WooCommerce. Then, find reliable suppliers from platforms like AliExpress, list their products on your store, and focus on marketing and customer service to grow your business.

Remember to carefully manage your expenses and monitor your profit margins to ensure profitability.

How much you can make: $6,000 — $3,000,000/month

How much does it cost to start: $6,000 (?)

How long does it take to build: 90 days (?)

Time commitment per week: Min. 10 hours/week

Case Study How I Started A $100K/Month Business Mentoring Dropshipping Entrepreneurs Entrepreneur Kamil Sattar has developed multiple six-figure drop shipping businesses, and his company, e-commerce mentoring, specializes in helping others create their own successful companies, with favorite platforms including using Shopify and apps such as Loox reviews and SMSBump. $100K Monthly Revenue $1K Startup Costs 15 23.4K

19. Start an online advertising agency

An online advertising agency helps businesses promote their products or services on the internet.

To start this business on a budget, first learn the basics of digital marketing through free online resources.

Create a professional website and set up profiles on social media platforms to showcase your skills.

Build a portfolio by working on mock campaigns or offering discounted services to friends and family, and gradually market your services to attract clients.

With dedication, you can grow your agency over time.

How much you can make: $2,797 — $1,250,000/month

How much does it cost to start: $2,500 (?)

How long does it take to build: 45 days (?)

Case Study My Story On Building My Own $8K/Month Digital Advertising Agency Fantôm Agency founder Luis Camacho shares how he built his digital advertising agency from scratch, focusing on helping mid-to-late stage SaaS companies scale through paid advertising channels and generating around $8,600 per month without significant overhead costs. $25K Monthly Revenue 11 13.4K

20. Start an online video editing business

Video editors manage camera footage, dialogue, sound effects, graphics, and special effects to produce the final film or video product. To become an online video editor, you must have media production and communication knowledge and the ability to work with others.

To start a video editing business, you can outsource video editing skills from an experienced professional. Your role will be to pick video footage from the customers and upload them for the video editor to do the magic.

How much you can make: $2,000 — $208,000/month

How long does it take to build: 110 days (?)

Case Study How We Developed A $6K/Month Online Video Editing Software VEED.IO, a London-based start-up co-founded by Sabba and her partner, offers a simple online video editing platform using batch job cloud architecture to help social media managers across the world auto subtitle, filter, rotate videos and much more, earning the company $5,300 MRR and the founders Ramen profitability within just a year of starting. $6K Monthly Revenue 13 11.4K

21. Start a data analytics blog

The rise of data-driven decision-making, the growth of the internet, and the increasing popularity of blogs are all trends that are making this business more popular. Data analytics is becoming increasingly important for businesses as they look for ways to make better decisions. The internet has made it easier for people to share information, and blogs are a great way to reach a wide audience.

A data analytics blog is a great way to share your knowledge and insights on data analytics with the world. This type of blog can be used to educate people on the latest trends in data analytics, share tips and tricks, or build brand awareness.

Some personal qualities that are important for this kind of business include being knowledgeable about data analytics, being able to write well, and engaging with your audience. It's also important to be able to keep up with the latest trends in data analytics so that you can provide your readers with the most up-to-date information.

Towards Data Science is one of the most popular blogs that publish a range of data analytics concepts, ideas, and code. According to Growjo, Towards Data Science's estimated annual revenue is currently $90.3M per year .

Starting a data analytics blog can provide you with a steady income stream and help you build a reputation as an expert in the field. Data analytics blogs can also be a great way to connect with other data analysts and learn about new trends and developments in the field.

How much you can make: $20 — $450/month

How much does it cost to start: $1,850 (?)

Case Study I Spent All My Savings Developing A Ghostboard Analytics Tool Ghostboard is a GDPR-ready analytics tool for Ghost bloggers that achieved an MRR of $450, without spending any money on ads, and plans to focus on marketing and add more open-source projects for the future. $450 Monthly Revenue $200 Startup Costs 9 3.15K

22. Start a perfume business

A fragrance or perfume business creates and sells products made from various ingredients, such as oils and extracts, which are mixed together to produce a pleasant smell.

And perfumes are no small business: the industry is expected to reach over $40B in the next few years .

There are a few ways to get started with creating your own perfume. You can start by choosing which ingredients you would like to use and then find recipes that will work for those ingredients. Or, you could start with a fragrance that you already love and try to recreate it as closely as possible with natural ingredients.

How much you can make: $19,000/month

Case Study How I Started A $19K/Month Personal And Home Fragrances Brand Founder Rafael Hernandez launched Alfred Lane, a line of handcrafted personal and home fragrances, generating $19k in monthly revenue with 50% attributed to online and wholesale sales, while expanding to 65 stores across 6 countries and expanding to Europe and South America. $19K Monthly Revenue $2K Startup Costs 5 7.66K

23. Start a cleaning service

A housecleaning side business is a beautiful idea for people with free time on weekends or even weekdays. The side hustle idea requires little capital to start. During the launch, you can choose to offer the service to your neighbors and scale as you gain experience. The average salary for a house cleaner is $17.32 per hour.

By starting a house cleaning business in Ethiopia, you are tapping into an enormous market with plenty of clientele. There could always be demand for your cleaning service, which keeps you in business as you help homeowners keep their homes spotless.

How much you can make: $3,000 — $600,000/month

Time commitment per week: Min. 7 hours/week

Case Study How I Started A $100K+/Month Home Cleaning Service For Busy Individuals And Airbnb Hosts MaidThis®, launched by Neel Parekh in Los Angeles with just one cleaner in 2013, has achieved over $10 million in total revenue by focusing on cleaning Airbnbs and vacation rentals, thanks to its successful remote business model and new-age marketing tactics, and has now launched MaidThis Franchise to expand the business further. $100K Monthly Revenue $800 Startup Costs 20 19.7K

24. Start a mobile florist business

Mobile florists, just like traditional florists, can deliver flowers to an array of special events, including weddings, birthdays, or anniversaries. People love their flowers fresh and delivered right to their doors.

Listed are the steps on how to start a mobile florist business.

  • Purchase on a reliable truck
  • Secure needed papers for your mobile flower shop
  • Organize your business flow
  • Outsource from flower suppliers
  • Promote your business

25. Start a travel agency

Are you a passionate traveler with entrepreneurial skills? Then starting a travel agency can be a great career choice for you.

As a travel agency, you'll be responsible for linking travelers to providers of all the travel and tourism-related services such as accommodation, transportation, sightseeing, tour guides, local adventure, etc.

Starting an online travel agency is a lot easier than you might think. You'll need to perform market research, get a few necessary certifications (such as your IATA number), study competition, build a website, and do proper marketing.

To maximize earnings, negotiate discounts from the industry service providers, and charge travelers within the market rate.

How much you can make: $2,000 — $114,200,000/month

Case Study How I Started A $2K/Month Side Hustle Selling Vacations Marissa Daniels runs a successful travel agency, Spread Your Wings Travel, that hit $100,000 in sales within a year of launch and provides payment plan options for its all-inclusive vacations, and she hopes to help 100 families supplement their income through the business. $7K Monthly Revenue $200 Startup Costs 5 16.7K

26. Start a voice over service

Voiceover artist is an auditory performer who uses their voice in scripted presentations. The role of a voiceover artist is only to be heard but not to be seen.

Working as a voiceover artist is an opportunity to choose the projects you enjoy engaging in. The role of a voiceover artist is also fun and can help you meet new people.

To become a voiceover artist in Ethiopia, start practicing aloud reading so you familiarize yourself with your sound. Then, create your recording studio where you can practice your voiceover skills. It would help if you had a quality microphone, professional recording software, a computer, and soundproofing materials.

How much you can make: $400 — $60,000/month

Case Study How I Started A $40K/Month Multilingual Voice Over Agency And Marketplace Voice Crafters, a multilingual voice-over agency and marketplace founded by Mony Raanan, doubled their revenue to over $765,000 in 2022 with a bottom line of around 30% after transitioning to an online marketplace and carefully vetting their network of over 1,000 professional voice actors in more than 80 languages. $40K Monthly Revenue $50K Startup Costs 14 6.24K

27. Start a product review blog

A product review blog typically includes a description of the product, as well as a rating and review. This can be anything from reviewing gadgets to books to software.

To start a product review blog, you need to have strong writing skills and be familiar with the available products. You should also have a good understanding of how to market your blog and generate traffic.

The recent trend that is making this business more popular is the growth of social media. With more people using social media, businesses are looking for ways to connect with their customers. Product review blogs provide businesses with a way to connect with their customers and generate positive reviews.

Starting a product review blog is a great way to share your opinion on different products. This type of blog can be very profitable, as you can generate revenue through advertising and affiliate marketing.

How much you can make: $1,000 — $3,500,000/month

How much does it cost to start: $210 (?)

How long does it take to build: 35 days (?)

Case Study How My Blog With Body-Safe Sex Toys Reviews Turned Into A $2K/Month Side Hustle Sex blogger turns a free WordPress blog into a $2,000 a month part-time digital business by investing in education, self-hosting, and building relationships within the NSFW community. $2K Monthly Revenue $14 Startup Costs 2 16.8K

28. Start a soap business

Soap-making business is a growing industry that can be home-based or a small local business. Soap business is one of the most lucrative home-based businesses that perfect your decision to work in your free time while you earn good cash.

Starting a soap business sounds simple enough. You can buy supplies for probably less than $1,000. Popular skincare products are now being sold online, and this doesn’t seem like a challenging field to break into. Below are some success stories of the soap business that will inspire you.

How much you can make: $1,000 — $600,000/month

How long does it take to build: 227 days (?)

Case Study Leaving The Cubicle To Start A $23K/Month Soap Company Outlaw Soaps, a soap company that started with just $13.72 of supplies, now makes an average of $23,000/month, with 46% of website orders from repeat customers who are loyal to the company's unique products and top-notch customer service. $380K Monthly Revenue $200 Startup Costs 14 22.7K

29. Start a travel agency

30. start a seo agency.

An SEO agency is a company that provides search engine optimization services to businesses. The function of an SEO agency is to help businesses rank higher in search engines through organic or paid means.

SEO is a rapidly growing industry, with experts across all aspects of the field already making six-figure incomes and expecting to see these earnings grow dramatically over the next few years. Getting into SEO today, before it gets too saturated, will allow you to establish a strong base in a new career, with an excellent chance for success.

It’s easier than ever to start your SEO agency in Ethiopia. The tools are there, and the competition isn’t as stiff as it used to be. If you’re considering starting an SEO or digital marketing agency, it might be a good idea to learn how other digital agencies succeed.

How much you can make: $1,000 — $10,000,000/month

Case Study How I Started An SEO Agency For Lawyers Generating $3.6M/Year is a hyper-focused SEO agency that helps elite personal injury law firms dominate first page rankings and was ranked #858 in the Inc. 5000 list of the fastest-growing companies in America for 2018, with a current revenue just under $300,000 per month, with plans for a record-breaking year. $10M Monthly Revenue 36 32.7K

31. Build an online research software

As the business world grows more complex, the need for reliable and effective online research software becomes more important. Online research software can help businesses save time and money by providing access to a wealth of information.

This type of software is used for a variety of purposes, such as academic research, market research, or competitive intelligence.

For example, Trello is powerful online research software that can help you organize and keep track of your research projects. With Trello, you can create custom boards to track your progress on specific projects, set deadlines, and collaborate with other researchers. Trello's estimated annual revenue is currently $15.8M per year .

Online research software is a great tool for businesses looking to better understand their customer base. The data collected by this process can be rich and informative, as it includes insights that help you grow your business in ways other methods may not address as accurately or completely.

How much you can make: $5,000/month

How long does it take to build: 635 days (?)

Case Study This Moz Co-Founder Created An Online Tool That Reached $75K MRR In Just 6 Months SparkToro, co-founded by Rand Fishkin, created an audience research software that shortens research time from months to seconds, and has reached ~$75K in MRR just six months after its launch in May 2020. $600K Startup Costs 9 3.69K

32. Become a nutritionist

A nutritionist is a food and nutrition expert who guides individuals toward a healthy lifestyle by counseling them on nutrition issues. Nutritionists teach people healthy food habits and the importance of a balanced meal.

You can become a nutritionist by earning a bachelor’s degree in nutrition science or a related area.

Licensing requirements vary from state to state. Nutritionists can work in healthcare, food science, and technology, or with large-scale groups like corporations, schools, and sports authorities.

Starting a nutritionist business can be overwhelming, but seeking referrals from other practitioners can help secure consistent clients.

How much you can make: $600 — $500,000/month

How much does it cost to start: $300 (?)

Time commitment per week: Min. 3 hours/week

Case Study Leaving My 9 to 5 To Start My Own Nutrition Counseling Private Practice RDRx Nutrition is a successful private practice that offers individual nutrition coaching, boasting profits of $1,800-$2,100 per month after just one year of business, and achieving a client base of over 2200 followers on Instagram alone. $3.5K Monthly Revenue 9 12.4K

33. Create an online course

Online course businesses are one of the fastest-growing online business models. Creating an online course is an awesome way to generate extra income because it allows you to monetize the knowledge you already have. More people are taking online courses every day, and the COVID pandemic has accelerated that, with some online learning platforms having seen 15-fold growth in the number of users .

Another advantage is that these new platforms are so easy to use for instructors that you don't have to worry at all about the tech side of the business. You just need to focus on creating exciting content that is informational & engaging at the same time.

Starting an online course in Ethiopia allows you to eliminate some of the huge costs associated with setting up a physical training facility, and it's a great way to reach as many people as possible.

How much you can make: $350 — $3,735,000/month

How long does it take to build: 88 days (?)

34. Start a board game business

Creating your own board game can be fun, challenging, and rewarding. Games are an integral part of our culture and are played by people from all walks of life.

You can create a board game from scratch with basic programming knowledge or several hours of practice. Board games are easy to manufacture, can be made from home, and can become top-rated and profitable businesses.

How much you can make: $1,500 — $30,000/month

Case Study How I Built A Successful Business Out Of My Passion For Board Games Facade Games has raised over $1 million on Kickstarter and sold about 80,000 copies of their board games around the world, with the goal to publish one new game a year on Kickstarter and build on their line of games in books as well as a new party game line in the near future. $30K Monthly Revenue 7 10K

35. Start a web design & online marketing business

If you know about website design and marketing concepts then starting your own web design and online marketing business could be the perfect opportunity for you to do so.

The online marketing industry is the second largest industry in the United States and continues to grow. The online marketing industry is massive. It is estimated to grow by 30% annually, reaching $400B in the next four years.

How much you can make: $6,000 — $800,000/month

Case Study How I Started A $10K/Month Business Selling DIY Web Design And Marketing Courses How Shannon Mattern built a DIY web design training business from scratch that now generates $10k/month in revenue through affiliate commissions and courses, without outside investment or debt. $42K Monthly Revenue 10 20K

36. Start a virtual call center business

Do you enjoy helping people and talking on the phone? If you want a business that provides flexibility regarding working location and time, consider starting a virtual call center business.

A virtual call center can be a lucrative low capital and a work-from-home business. Here is a list of what you need to start a virtual call center business:

  • Select a specialty area/niche
  • Buy computers and call center software
  • Find clients
  • Focus on growing your business

When starting a virtual call center business, some clients may require you to use their defined call center software.

How long does it take to build: 365 days (?)

37. Start a laundry business

Starting a laundry business can be a fulfilling and lucrative venture for entrepreneurs looking to make a difference in their communities. With the right equipment and a commitment to providing excellent customer service, this business idea has the potential to thrive in a variety of locations.

One unique aspect of starting a laundry business is the opportunity to offer specialized services, such as eco-friendly detergent options or same-day turnaround for busy professionals. Additionally, partnering with local dry cleaners or offering pickup and delivery services can set your business apart from competitors and attract a loyal customer base.

In terms of upfront costs, starting a laundry business will require a significant investment in commercial-grade washing machines and dryers, as well as a convenient and well-located storefront. However, with the right marketing strategies and a focus on providing top-notch service, this investment can quickly pay off and result in a thriving business.

Overall, starting a laundry business is a rewarding and potentially profitable venture for entrepreneurs who are passionate about making a positive impact in their communities. With the right approach and a commitment to excellence, this business idea has the potential to succeed in a variety of settings.

How much you can make: $24,000 — $83,333/month

Case Study I Built A $318K/Year Business By Digitalizing The Laundry Industry Dhobilite disrupted the laundry market in India by using smartphone technology and becoming India's first app-based, on-demand cleaning service provider, expanding to more than 15 cities, with 20+ stores and 30+ franchises, offering premium online dry cleaning and laundry services, with revenue equally distributed between dry-cleaning and laundry. $26.5K Monthly Revenue $80K Startup Costs 10 4.17K

38. Start a data analysis service

A data analysis service is a great way to help businesses make sense of their data. This type of service can be used to provide insights into customer behavior, improve marketing campaigns, or simply help businesses make better decisions.

If you're interested in starting up a data analysis service, You will need knowledge in data analysis and the ability to communicate effectively with clients so they can benefit from what insights have been found by analyzing their information properly - this way it's not just about making money but also helping others!

iTechArt is a leading custom software development company that helps both startups and enterprises streamline their analytics process. They also generated revenue of $209 billion in 2019 , while creating more than a million jobs over the past three years.

Starting a data analysis service is a perfect business idea for those with analytical skills and a desire to help businesses to make better use of their data. This business is in high demand and can be very profitable, with data analysts earning high salaries.

How much you can make: $20 — $2,500,000/month

Case Study How I Created And Launched A Fitbit For Dogs Pup-eeze, a wellness tracker for dogs that tracks activity, monitors location and automates their lives, was created by Chelsea Rhoads and Elizabeth Hess after realizing how difficult it was to travel with dogs, and now has a consumer-facing application for pet owners to monitor their pets' data and visualize trends. $10K Monthly Revenue $250K Startup Costs 7 5.19K

39. Start an e-book writing business

An eBook business is profitable and flexible, letting you start a business from anywhere, while it is a low-cost business that is easy to start. You can make a living self-publishing and selling eBooks online as long as you are ready to invest your time and money in it.

Anyone can start an eBooks business! Just choose a niche that interests the target audience, and ensure in-depth research.

How much you can make: $2,000 — $42,857/month

How much does it cost to start: $67 (?)

Case Study How We Started A $514K/Year Content Curation Agency With Just $35 [From India] Content-Whale, a content curation agency, has achieved a Rs. 4 crore ($514k/year) turnover 4-5 years after being started with just Rs. 2500 ($35), and has a pool of more than 500 writers, aiming to become a market leader in the global content market. $42.9K Monthly Revenue $35 Startup Costs 5 4.31K

40. Start an etsy shop

Etsy has been around for over a decade, and the platform has become more popular for creators, entrepreneurs, and consumers.

The platform started as a place for crafters to sell their supplies and handmade goods. Now it has become a venue for artists and small businesses of all kinds to sell their products.

If you just started your shop or want to sell your products on Etsy, there are many different ways to kill on the platform. With the tips and advice of Etsy sellers who’ve been in your position, you’ll soon be successful!

How much you can make: $100 — $750,000/month

Case Study How I Started A $12K/Month Business Selling Productivity Planners Online Chasing Planner Peace is a planner company that has expanded from selling planner inserts on Etsy, to offering a one-stop shop customizable planner experience with over 300 inserts, a planner line, and various other related products, gaining a monthly revenue of around $25,000 at its busiest time of year. $22.5K Monthly Revenue 20 59.9K

41. Start an email marketing business

Email marketing is a popular and effective way for businesses to reach their target audience and promote their products or services.

With the rise of the internet and the increasing use of email as a communication tool, starting an email marketing business can be a lucrative and rewarding venture.

An email marketing business involves creating and sending marketing emails to a list of subscribers. The emails can be newsletters, promotional messages, or other types of content designed to engage and convert the recipient into a customer. The business owner is responsible for building and maintaining the email list, creating the content, and sending the emails using specialized software.

To start an email marketing business, you must have a strong understanding of marketing principles and a good grasp of best practices. This includes creating compelling subject lines, segmenting your email list, and analyzing your campaigns’ results. You will also need to be proficient in email marketing software like Mailchimp or Constant Contact.

To run a successful email marketing business, you must clearly understand your target audience and what they are interested in. This will help you create relevant and engaging content that resonates with your subscribers and encourages them to take action. A solid call to action in your emails is crucial, whether it’s visiting your website, making a purchase, or signing up for a newsletter. Starting an email marketing business requires marketing skills, expertise, and a willingness to learn and improve continuously. The right strategies and tools can be a rewarding and successful way to reach your target audience and grow your business.

How much you can make: $1,500 — $8,333,333/month

Case Study How I Started A $55K/Month Email Marketing Agency Specialized in Ecommerce Boundless Labs is an email marketing agency for eCommerce brands that has generated over $25 million in email attributable revenue for their clients since launching 18 months ago and currently makes around $90K per month, with plans to reach $100K per month by the end of January 2020 through client referrals, strong relationships, and hard work. $8.3M Monthly Revenue 22 11.8K

42. Start a hangover cure product

56% of drinkers have experienced a hangover! That's a lot of people dealing with headaches, nausea and general lethargy. The good news is that there is an entire industry devoted to curing hangovers.

How much you can make: $1,000 — $200,000/month

Case Study Flyby: Selling $1M of Hangover Pills In 10 Months Flyby is a health and wellness startup that launched in March 2017 with a flagship product called Flyby Recovery, which has since helped the company hit $1m in sales in under 10 months, and grow to $200k/mo in sales, with plans to do $2.5m this year. $200K Monthly Revenue 21 13.5K

43. Become a computer refurbisher

Computer refurbishing is the process of restoring used computers to working conditions. Refurbishers typically purchase used computers from individuals or businesses, and then they clean them up, install new parts, and test them to make sure they are in good working condition.

To start this business, you'll need skills in data recovery, hardware repair, and software troubleshooting. It is a perfect idea for those who have an interest in technology and a knack for repairing electronics.

The average Computer Repair Technician in the US makes $51,129. The salaries of Computer Repair Technicians range from $19,892 to $74,573, with a median salary of $55,440.

With the ever-growing popularity of laptops, tablets, and smartphones, there is a great demand for refurbished computers. And with data science and data analytics, you can easily identify which computers are in high demand and how to best refurbish them.

Starting this type of business is a great idea for those with an entrepreneurial spirit and a passion for technology. If you can navigate the regulations, this can be a lucrative business with a lot of growth potential.

How much you can make: $13,500,000/month

Case Study I Was Too Young To Drive But Started My Business Anyway: Now We're Approaching $200M/Year OWC Larry, founder and CEO of Other World Computing, shares how he started his business at a young age with just a credit card, now experiencing a solid year-over-year growth with a CAGR of 43.78% over the past 33 years. $13.5M Monthly Revenue $20K Startup Costs 4 5K

44. Start a swimming pool rental business

Starting a swimming pool rental business can be an exciting and rewarding experience. Pool owners are looking to rent their pools out during the off-season to recoup some of their costs.

Landlords or condo owners may want to earn an additional revenue stream from the swimming pool property they own. The swimming Pool Market size was valued at $3B in 2019 and is projected to reach $3.6B by 2027. The presence of developed infrastructure and the thriving wellness tourism industry will facilitate the swimming pool market growth.

How much you can make: $8,333/month

45. Start an online jewelry store

Starting an online jewelry store can be a lucrative and engaging business. The online jewelry store industry has been growing rapidly. More and more people are buying cheaper jewelry online because it is easier and has a much more extensive selection.

The United States jewelry market was valued at about $76B in 2020 . Diamond jewelry is the most valuable jewelry market in the United States. Starting an online jewelry store can be highly profitable. But to do this, you need a great e-commerce platform.

How much you can make: $1,000 — $833,333/month

Case Study Starting And Growing A Jewelry Business To $4.6M/Year Taylor & Hart CEO Nikolay Piriankov tells the story of the company's journey from a diamond trading business to an award-winning, disruptive e-tailer of custom-designed, ethical engagement rings and fine jewelry, offering a bespoke design service through specifically developed technology online and instore, and growing to £4-6M in annual revenue. $385K Monthly Revenue 15 18.8K

46. Become a crypto accountant

As cryptocurrencies become more common for transactions and investments, there is a need for accounting professionals with knowledge of how cryptos work.

To become a crypto accountant, you need to understand how cryptocurrencies work and how the classification of these digital assets under the generally accepted accounting principles.

The rise of cryptocurrencies brings a new layer of complexity to accounting. Navigating the new frontier and ensuring tax compliance and proper crypto accounting can prove challenging.

The best way to start learning more about cryptocurrency accounting is to read articles that are published on the topic, like this one . They will cover everything from how to account for cryptocurrency mining operations to how to account for a fork in the blockchain.

47. Become a ghost blogger

A ghost blogger is simply a writer who specializes in producing blogs for other people.

As a ghost blogger, you can earn between $300 and $1,500 per week, depending on word count and topic.

Ideally, the ideas and knowledge contained in the article originate from the publicly named author.

Therefore, as a ghostwriter, your role is to put the ideas into words.

How much you can make: $450 — $24,000/month

How much does it cost to start: $125 (?)

How long does it take to build: 62 days (?)

Case Study I Make $300K/Year With A Team Of Ghostwriters That Create Content For Brands Content strategist Lacy Boggs leveraged her love of blogging and desire for a more flexible schedule to grow her business from a solo "Ghost Blogger" to a full agency with four writers and a cabal of contractors that helps businesses create bespoke content strategies and consistent traffic, yielding over a ($300k) year in revenue. $24K Monthly Revenue $50 Startup Costs 5 4.53K

48. Start a management consulting business

Management consulting helps organizations improve performance by developing strategies to solve issues, create value, and maximize growth. A management consultant deploys his skills in providing objective advice and expertise to help organizations develop skills they may lack.

The management consultant is primarily concerned with the company's strategy, structure, management, and operations.

The role of a management consultant is to review operations and identify options for the organization and suggest recommendations for change, as well as advise on additional resources. Management consulting offers the flexibility of working as a full-time employee, a self-employed professional, or a contractual consultant.

To become a management consultant, complete a relevant degree program and work as an intern to gain experience so you can discharge your duties confidently.

How much you can make: $8,696 — $433,000/month

How long does it take to build: 42 days (?)

Case Study How I Use Linkedin To Grow My $18K/Month Outbound Growth Services Business BizzBee Solutions, a LinkedIn and email outreach specialist, grew from 2 to 20+ employees in just 12 months, serving 400+ clients globally, after switching from being generalists to specialists in outreach for high-ticket service providers, agencies, software development companies, and consultants. $26K Monthly Revenue $4.25K Startup Costs 11 4.75K

49. Start a transportation service

Transportation businesses offer ridesharing services, haul consumer goods, or ship supplies and products from one location to another. They target individual passengers, other companies, or global business partners.

If you are starting a transportation service in Ethiopia, decide who and what you will serve, set up the business structure, register the business, and apply for the required business licenses or permits. To ensure a profitable business, incorporate proper hiring procedures and keep up with maintenance and recertifications.

How much you can make: $12,000 — $364,000/month

How long does it take to build: 410 days (?)

Case Study We Started A $4.37M/Year Private Jet And Air Taxi Booking Service Mirai Flights is an app-forward private jet booking service with a focus on UK, Europe, Middle East and CIS states, that allows customers to bypass the long wait times with more than 30 parameters analysed in less than 30 seconds, achieving $4.37m turnover from March to December 2021, and planning to increase it up to $10.2m and expand internationally in the future. $364K Monthly Revenue 7 2.52K

50. Start a crypto hardware business

Although crypto is a digital product, there are many physical products that can be built around it, such as wallets, security keys, and USB drives.

The first thing that you need to do is to make sure that you have a good idea for the product. You should also find out how much it would cost to manufacture the product.

If you are developing a hardware related product, then you need to know the laws and regulations of the country where your manufacturing facility will be based on. For example, if your product is related to cryptocurrency and mining, then it needs to be compliant with all of the rules and regulations set by SEC in America.

How much you can make: $32,000/month

How much does it cost to start: $136 (?)

Case Study Earning $32,000 in 30 Days With a Crypto-Filled USB Drive CBlocks is a cryptocurrency startup that generates random wallets of the top 100 cryptocurrencies, funds them, and ships them on a USB drive alongside software to manage them, with $32k made in the first 30 days and almost $3k on their second day from being featured in TheNextWeb, Forbes, The Outline & LifeHacker all within their first 3 weeks. $32K Monthly Revenue 9 11.8K

51. Become a shopify app developer

Have you thought about a career building Shopify apps?

Shopify is a Canadian e-commerce company that provides an online platform for entrepreneurs to set up their own online stores and sell products. Shopify is now valued at over $45B (as of 2022) with over 1.75M merchants using the platform worldwide.

To be able to build a plugin for Shopify, you need to know how to code. If not, then at least have some knowledge of HTML and CSS. You also need experience in the Shopify API and some basic knowledge about the Liquid template language for Shopify.

How much you can make: $150 — $65,000/month

How long does it take to build: 115 days (?)

Case Study Why Not Making A Deal On Shark Tank Was The Best Thing That Ever Happened Savy founder Disha Shidham built her business with an agile approach, utilizing customer feedback to create its flagship product, Savy Sales, leading to industry disruption and a 30% revenue increase on average for its partners with no ad spend or marketing. 7 51.2K

52. Start a stock video business

Stock video is pre-filmed footage that can be purchased and used in various projects and films. Like stock photos, copyrighted stock videos cannot be used without permission and licensing from the rightful owner.

Businesses and filmmakers use licensed stock footage as they save money and hours, they would need to create original footage. Starting a stock video suitable for use in commercials and entertainment can be a great venture.

How much you can make: $10,000/month

How long does it take to build: 197 days (?)

Case Study I Built A $120K/Year Stock Animation And GIF Images Side Hustle VideoPlasty, an affordable and easy-to-use platform for buying pre-made stock animation elements and GIF images, has attracted over 600,000 visitors since its launch, with over $100k in revenue in 2020 alone, thanks to free organic traffic from YouTube tutorials and optimized SEO. $10K Monthly Revenue $50K Startup Costs 12 4.04K

53. Start a social media management business

Similar to virtual assistants, social media managers offer various services, including but not limited to:

  • Developing a marketing strategy based on clients’ goals
  • Setting up social media accounts
  • Posting on behalf of their clients
  • Coming up with strategies for increasing client’s social media following
  • Marketing analysis.

To become a social media manager, know the various platforms and understand how they work so you can develop strategies that help clients reach their goals.

The beauty of working as a social media manager is that you can define your work schedule and choose what niches to work on.

How much you can make: $15,000 — $166,667/month

How much does it cost to start: $251 (?)

How long does it take to build: 3 days (?)

Case Study How I Started A $7.5K/Month Social Media Consulting And Training Business A social media manager turned entrepreneur created a program that has brought in almost $100,000 in one year, designed to teach women how to run successful social media businesses in less than 30 days.   $15K Monthly Revenue 6 7.02K

54. Start an online cooking business

If you love to cook and want to start a business online, there are several opportunities that you can explore. Here are a couple of different approaches you can take:

  • Sell your recipes online
  • Become an influencer or blogger
  • Conduct online cooking classes/courses

Here are some benefits of starting an online cooking business:

  • You can have flexible working hours
  • You can start the business from your home
  • It requires a small investment
  • Cooking business is a rewarding work

How much you can make: $7,500 — $417,000/month

55. Start a handmade goods business

A handmade craft business entails selling own-crafted products on online platforms like Alibaba , Etsy , an independent website, or social media.

To succeed in selling handmade goods, you'll need solid creative skills. Your creativity can help you build a strong brand.

And with online marketplaces, handmade shopping has become a popular trend.

In recent years, consumers worldwide have shown their support of independent businesses and entrepreneurs, especially those venturing into the handmade goods business.

How much you can make: $1,000 — $150,000/month

Case Study The $27K/Month Company That Turns Photographs Into Custom Handmade Portraits PortraitFlip is a successful startup that delivers handmade portraits globally with a clientele base in the USA and yields 3.5crs through their 100% customer satisfaction guarantee, and they started with an initial investment of only Rs.23,000. $45K Monthly Revenue $60 Startup Costs 10 10.5K

56. Start a restaurant

If you love cooking and are passionate about entrepreneurship, starting a restaurant can be a fun and lucrative business.

To get started, choose a great location, and hire an excellent support team. You will need a chef to inspect the food and line cooks, waiters, and waitresses to serve the customers. No matter the restaurant type, you need great culinary and business skills to make your dream come true.

If you plan to open a restaurant in Ethiopia, gain insight from consumer preferences and focus on serving modern consumers what they need.

How much you can make: $5,000 — $61,650,000/month

Case Study Starting A $1.5M Healthy Meals Delivery Business One Life Meals is a Toronto-based healthy meal delivery service that made 14,500 meals per month and generated $130k in monthly sales in 2018 through their one-on-one consultation, lean protein and seasonal veggies-based meals, and their focus on the client experience. $130K Monthly Revenue 12 19.7K

57. Become a crypto trader

Crypto trading is an exciting market with a reputation for higher returns than some traditional investments.

Note that cryptocurrencies are incredibly volatile (and this is not investment advice).

When you start, opt for small-stake trades that allow you to get a handle on the market with minimal risk. Trade through a secure wallet provided by a reputable broker such as Coinbase or Binance. Take time to practice technical analysis, an essential research skill to help you read charts and identify patterns to inform your crypto trading strategies.

How much you can make: $1,000 — $900,000/month

How long does it take to build: 135 days (?)

Case Study On Starting A Cryptocurrency Exchange Platform Exolix is an anonymous cryptocurrency exchange platform with a fixed rate and unlimited exchange that provides its users with fast, easy, and secure exchange processes. $900K Monthly Revenue $200K Startup Costs 9 10.9K

58. Open source library

Open-source libraries become a widely used method of software development, stories from some of the top names in the field can help you with your development or help build your confidence in adopting this methodology for your own projects.

Open-source libraries have a lot to offer the world of programming. The potential for improvement and simplification of a wide range of computer applications is huge. However, with so many options available, how are developers and architects to see which ones are right for them? Following open-source library success stories that could help you determine your best options.

How much you can make: $3,000 — $13,083,333/month

Case Study I Built A $300K/Year Vue.js Component Library Vuetify is a popular open-source user interface library, built with the Vue.js framework, that generates revenue through digital content and services such as paid digital content in the Vuetify store, direct support through consulting, ad revenue from Carbon ads on the documentation pages, and donations/sponsorships via GitHub and Patreon, generating an average income of $6,500 per month. $25K Monthly Revenue 15 43.9K

59. Start a child care business

Starting a childcare business is a great way to build a steady income. You will have the opportunity to be your boss and set your hours even from home. You will have the satisfaction of building one-on-one relationships with children and watching them grow over the years.

A childcare business is an excellent idea. It is both a personal and economical investment for its owners. This is especially true if you are considering starting your non-profit organization or becoming licensed to provide child care. Running a childcare business allows you to help children develop while also making money. As with any business endeavor, running a childcare business has its ups and downs, but it can be very rewarding.

Case Study How This Nanny Started Her Own $940K/Month Childcare Business Twinkle Toes Nanny Agency has grown from a side hustle to over 20 locations in 5 states, offering an impressive franchise model with almost no overhead and a strong ROI, due to their online scheduling system, which creates a network of nannies and families ultimately providing quality in-home childcare for families. 8 3.78K

60. Become a real estate photographer

A real estate Photographer is responsible for taking photos of properties. These photos are used by buyers, sellers, and real estate agents to market and sell properties.

As a real estate photographer, you'll need to have an eye for detail and be able to take quality photos. You'll also need to be familiar with the latest editing software so that you can make your photos look their best.

The average salary for a real estate photographer is $53,633. Salaries can vary based on experience and location to as much at 60K with the high end earners making over 150k per year!

This real estate business trend is a great way to make money if you're creative and have a good eye for composition. With the different abilities, there is a need for quality photos of properties. If you have the skills and experience, starting your own photography business can be a great way to make money in the real estate industry.

You can use your photography skills to generate income through advertising and affiliate marketing. Or, you could use them to build a client base and eventually start your own real estate photography business.

How much you can make: $220,000/month

Case Study How We Run A $3M/Year Subscription-Based Services Company Case Study: PhotoUp is a real estate photo editing company that has gone from a team of 10 to over 200 employees in the Philippines, with over 60 contractors around the world and expects to close in on $3,000,000 in revenue this year. $220K Monthly Revenue $50K Startup Costs 8 1.13K

61. Start a party entertainer business

Do you want to start a business within the entertainment sector? Becoming a party entertainer can be a great opportunity for you.

Party entertainers thrive mostly at night and on weekends. You can work as an agency and represent entertainers for parties, or if you have the skills, you can become the entertainer.

Party entertainers can work at wedding and bridal parties, birthday parties, children’s parties, corporate parties, or even home-based parties.

How much you can make: $12,000 — $25,000/month

Case Study How I Left A Lucrative Job To Start A $12K/Month Magic Shows Business Dan Chan Presents, LLC is a unique company specializing in sophisticated magic entertainment for savvy corporate audiences, earning $160K performing live, and was able to pivot to virtual events during the COVID-19 pandemic, expanding marketing reach performing internationally, and being featured multiple times in Business Insider and The Hustle. $12K Monthly Revenue $100 Startup Costs 7 8.78K

62. Start a webinar hosting business

Are you an app builder looking for a profitable business? Consider building a webinar hosting platform.

Businesses host webinars as a tool for helping them convert leads into paying customers.

Therefore, starting your webinar hosting service could be a profitable business venture.

To attract customers, focus on building a robust webinar hosting service that provides the users with all features they need to host an interactive webinar. A webinar hosting service should offer custom solutions and support for all technical issues.

How much you can make: $10,000 — $897,000/month

How much does it cost to start: $4,000 (?)

How long does it take to build: 183 days (?)

Case Study How I Turned My Teenage Hobby Into A Profitable Static Web Hosting Service Tiiny.Host is a web hosting company that's doubled its monthly recurring revenue every three months, amassing 40,000+ users by providing an easy-to-use hosting and file sharing solution, and built up its brand through SEO. $10K Monthly Revenue $100 Startup Costs 9 4.56K

63. Start a bakery

Everyone loves baked goods, be it sweet items like cakes, muffins, and cookies or savory baked food like pizzas, buns, bread, and puff pastry. Baking takes a lot of effort and patience, which is why many people buy baked items from stores or restaurants instead of baking them at home.

Starting a bakery can be a rewarding business opportunity if you have a passion for baking. If you plan to start a bakery, consider that happy customers often become repeat customers. Therefore, always focus on quality and work on customer satisfaction.

To start a bakery in Ethiopia, pick an ideal format. Some options include:

  • Counter-style bakery
  • A hybrid bakery with a cafe,
  • Food truck with a bakery
  • Home bakery.

Write a suitable business plan and choose the correct location.

How much you can make: $2,500 — $25,000/month

Case Study How This Couple Left France To Build Their "American Dream:" A Six-Figure Online French Bakery French chef and founder of online bakery Pastreez, Anthony Rosemond, shares keys to success including validating ideas with the market, focusing on SEO and organic growth, building customer relationships through email and SMS, never offering discounts but offering freebies, and diversifying the business with new products and content on social media. $25K Monthly Revenue $7K Startup Costs 4 6.22K

64. Start a vending machine business

Starting a vending machine business in a crowded, busy city is an easy way to make money. Whether you want to run your own business, start a side hustle, or generate an income while at the office, this is the best business.

There are many advantages to starting a vending machine business, such as: low startup costs, simplicity, all cash-based transactions, and flexibility.

Here are the steps on how to start a vending machine business.

  • Buy a franchise
  • Find a location
  • Secure all licenses and contracts

How much you can make: $30,000/month

Case Study I Converted My Side Hustle Into A Full-Blown $10K/Month Vending Machine Business iKrave Vending founder Lakinya started her vending machine business after observing the lack of consultants who specialize in vending machine operations, and now offers online training courses and mentoring to help others achieve success in the billion-dollar industry. $10K Monthly Revenue $2K Startup Costs 11 3.2K

65. Start a bedding company

At the end of a hard day, we all need a good night’s sleep. A good quality mattress, bedsheet, or pillow makes all the difference when it comes to sleeping comfortably. That’s why many people invest in quality bedding materials, making it a profitable business idea.

The first step to starting a bedding business is to choose your niche. You need to decide what bedding you want to specialize in, which will help determine the products you’ll sell. Do you want to focus on luxury sheets? Or perhaps more affordable linens that are still high-quality?

Next, you’ll need to find a manufacturer who can supply the bedding products you want to sell. You’ll want to research different options and ensure they can provide what you need at a reasonable price.

Once you’ve got all that lined up, start setting up your website and social media accounts! These are essential tools for any business owner—especially in today’s digital landscape.

How much you can make: $10,000 — $14,166,667/month

How long does it take to build: 100 days (?)

Case Study Starting A Bed Sheet Business Making $600K In First 8 Months Sheets & Giggles, an eco-friendly bedding brand, earned nearly $500,000 and 6,000 orders in the first 6 months of business through Indiegogo, and utilizes pun-based marketing and a DTC model to tap into a fragmented, low brand loyalty market. $200K Monthly Revenue 37 52.4K

66. Start a recreational boat rental service

Boat hiring and boat rental services are tapping into the booming market of the experience economy. Today, most consumers prioritize experience over material items. Boat rental services are necessary, not just for tourists but also for family, couples, friends, and even solo. Investing in the right recreational boat rentals can have a significant return on investment.

Listed are the steps to start a recreational boat rental service business.

  • Register your business name
  • Permit and licenses to operate
  • Obtain equipment for the operation
  • Hiring staffs
  • Organize your business and activity flow

67. Start a doula service

A doula service business provides support to expectant mothers and families during pregnancy, childbirth, and the postpartum period.

Doulas offer emotional, physical, and informational assistance to help make the birthing experience more comfortable and empowering.

To start a doula service on a budget, first, gain knowledge and certification through affordable online or local training programs.

Next, create a simple website or social media page to promote your services and reach potential clients.

Finally, network with local healthcare professionals and community groups to build relationships and establish a client base.

How much you can make: $200/month

How long does it take to build: 150 days (?)

Case Study On Starting An Online Doula Service Jessica Glendinning created Your Virtual Doula, a virtual doula service providing clients with knowledge and emotional support, which has experienced a 67% increase in social media traffic and doubled its client base since the beginning of 2020 due to the Covid-19 restrictions on individuals permitted into hospitals and the need for virtual services. $200 Monthly Revenue $300 Startup Costs 3 7.48K

68. Start a hotels business

If you are considering starting a hotel, then it is time to implement your plan. There are five key elements to understand if you want to succeed in this industry: location, size, budget, experience, and market demand.

Here are some tips to consider before forming a hotel:

  • Name your business
  • Decide on a marketing strategy
  • Start by renting out a room in your home.
  • Hire a business capital broker
  • Make a marketing plan
  • Offer complementary services

How much you can make: $15,000/month

How long does it take to build: 325 days (?)

Case Study I Created A $120K/Year Skincare Brand For Black Women Recommended By Beyoncé SKNMUSE, a premium beauty brand dedicated to elevating the beauty experience for Black Women, has a 40% customer retention rate, achieved a 169% increase in revenue, and made $30,000 in Q1 alone. $15K Monthly Revenue $1K Startup Costs 14 3.14K

69. Start a restaurant

70. start a fashion accessories brand.

Fashion accessories are an integral part of our wardrobes and are chosen specifically to compliment a person's outfit.

Typical fashion accessories include footwear, apparel, jewelry, wallets, handbags, hair accessories, and watches.

The global fashion accessories market is projected to grow at a CAGR of 12.3% during the forecast period (2021 - 2026).

How much you can make: $1,500 — $40,480,000/month

Case Study How We Invented A $10K/Month Innovative Cuff Adapters CuffStyle created Cuff Adapters, silicone tabs that fit over shirt cuff buttons allowing cufflinks to be worn with standard button-down shirts, and has sold over 2,000 packs and received 100+ reviews with a 4.6/5 star rating on Amazon, with plans to move into big-box retail and B2B sales. $50K Monthly Revenue 7 6.76K

71. Start a grocery store

A grocery store sells a wide variety of food products, fresh or packaged, and other household & personal care items. The grocery store industry is the largest retail channel that makes $682 billion in the United States.

To start a basic grocery store, you can expect to spend a minimum of $50,000. Ideally, the bigger expense would be the rent, equipment, labor cost, cash registers/POS systems, and software. Some of these are recurring monthly fees. However, the location, size of the store, competitors, and local customers will significantly impact the business. A new grocer should sell more items for a lower price to make a more significant profit.

A new grocer can also save costs by buying the items from local distributors. The distributor is the middleman between the manufacturer and the grocery store selling it. Once the store cost and location are decided, the next step is to obtain a seller license. In most states, a grocer's license is required to run a grocery store.

Thus an average grocery store has a profit margin of 3% to 5%. The profit rates depend on the store's location, size, and popularity. On average, a small to medium grocery store can make a profit of up to $300,000 annually if all the profit factors are considered.

Another way to make your business more profitable is to diversify your store and add amenities like a coffee shop or stocking up the front of the store with magazines, batteries, etc., as these items can cross a margin of up to 70%. As a rule of thumb, offering lower prices on higher purchases will ultimately win more customers and increase profitability.

72. Start a youtube channel

For anyone looking to start a successful YouTube channel, there are plenty of YouTube channel success stories that can be used as inspiration and encouragement. In addition, YouTube has an established monetization system and boasts incredible popularity, making it a potential platform for revenue generation.

In this article, we'll look at different approaches you can use to help promote your channel and grow your viewers. While there's no quick and easy way to success, you can take these tips to build your own YouTube Channel Success story. If you love content creation, you can capitalize on YouTube's popularity to earn extra income.

If you want to join the Youtube partner program to monetize your channel, you will need to reach a minimum of 1,000 subscribers and 4,000 watch hours in the previous 12 months.

How much you can make: $800 — $4,500,000/month

How long does it take to build: 48 days (?)

Case Study How This Couple Makes $5K/Month Generating Content About Ways To Make Money Online Learn how this entrepreneurial couple made $5-7k a month by helping others find legitimate work from home jobs and creative ways to make money online through their blog and YouTube channel, as well as offering two flagship products designed to help beginner freelancers and new bloggers accelerate growth. $5K Monthly Revenue $500 Startup Costs 7 13.5K

73. Start a niche accessories brand

Niche accessories make excellent small business ideas. The profit margins in these businesses are pretty significant because of the product markup. You could have a small Etsy store or sell them through marketplace sites such as Amazon, Facebook, and eBay.

The niche market for custom accessories is estimated to be nearly $473.46B by 2020 and it contains a variety of product categories ranging from jewelry, handbags, and small leather goods to house decorations and small fashion apparel accessories. Niche accessories are currently enjoying strong growth, projected to continue during this decade.

How much you can make: $600 — $1,500,000/month

How much does it cost to start: $550 (?)

How long does it take to build: 44 days (?)

Case Study How We Turned $20 Into A $100K/Month Accessory Brand Braxton Manley started Braxley Bands with only $20, creating an elastic Apple Watch band and scaling the business to an impressive $100K a month on Shopify, all without any other capital or investment. $100K Monthly Revenue $20 Startup Costs 1213 15.1K

74. Start a niche fashion business

By 2025, The fashion industry is expected to reach $1.002 trillion dollars .

Niche fashion brands are businesses that focus on selling specific and specialized fashion items to a demographic within a particular market.

More and more people are seeing the value in niche products and services, especially when they're well crafted and meet the current trends in today's world.

How much you can make: $1,000 — $4,660,000/month

Case Study How I Started A $10K/Month Arabic Clothing Platform HeraCloset is a successful online platform connecting customers with local Arabian and Khaleeji fashion brands, with over 80 brands selling on the platform and worldwide shipping. $10K Monthly Revenue 5 6.42K

75. Start a car washing and detailing business

The carwash business is already a multi-billion-dollar industry with room for growth.

With the number of vehicles per household increasing daily, starting a car wash and detailing business could be a profitable idea.

If you have a piece of vacant land in the right location, you can get into the carwash business. You can set up an in-bay automatic carwash, self-washing carwash, touch-free carwash, or a wide range of other options.

76. Start a homemade skincare recipes business

Are you interested in making your own skincare products from home? Homemade skincare products can be very profitable, especially if you sell them online. Because of this, more and more people are deciding to make their own homemade skincare products at home. You do not have to spend an exorbitant amount of money on skin care products. It's easy to make your own homemade skin care recipes and start saving money today! The first steps to start a homemade skincare business are:

  • Choose the right skincare formula.
  • Add natural preservatives
  • Pick a suitable container
  • Keep the amount right

77. Start an eye masks store

The eye mask is a simple accessory that blocks out light and improves sleep. The global mask market is expected to reach USD 18.6 Million in the next few years.

If you love to help people sleep better, then starting an eye masks business might be the perfect business opportunity for you.

An eye masks business is a relatively low barrier to entry business that doesn't require much of an up-front investment. You can start by making your own eye masks or buying them from wholesalers in bulk, then sell them to customers through social media platforms such as Facebook or Instagram.

How much you can make: $800,000/month

How long does it take to build: 730 days (?)

Case Study How We Successfully Raised $700K For Our 100% Blackout Sleep Masks Manta Sleep has successfully raised $700,000+ through crowdfunding campaigns for their unique, 100% blackout sleep mask designed for light sleepers and aims to empower people to sleep better so they can do more. $800K Monthly Revenue $50K Startup Costs 18 9K

78. Start an online retail store

Starting an online retail store is straightforward. All you need is a computer, a domain, and a web hosting service. Then, determine a niche for your online store, and conduct product research before listing products.

You can start your online store based on a drop shipping business model or list your self-made products in your online store.

How much you can make: $5,000 — $62,500,000/month

How long does it take to build: 51 days (?)

Case Study How I Started An Online Store Selling Backcountry Skis Hagan is a ski mountaineering gear company that has 50% annual growth and focuses solely on backcountry ski touring, resulting in the world’s widest selection of mountaineering skis. $90K Monthly Revenue $10K Startup Costs 7 6.25K

Hey! 👋 I'm Pat Walls, the founder of Starter Story.

Get our 5-minute email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.

small business plan in ethiopia

  • 4,818 founder case studies
  • Access to our founder directory
  • Live events, courses and recordings
  • 8,628 business ideas
  • $1M in software savings

I'm Pat Walls and I created Starter Story - a website dedicated to helping people start businesses. We interview entrepreneurs from around the world about how they started and grew their businesses.

small business plan in ethiopia

Our 4,418 case studies show you how ordinary people built businesses to millions in revenue - all starting from a simple idea or side project.

These aren’t just case studies - they are real stories, from real founders who share their most intimate details with you - down to the exact amount of money they are making.

How did you come up with the idea? How did you find your first 10 customers? How much money are you making?

Our 4,418 case studies break down these exact questions. Every industry, trend, and how much money you can make.

You’ll realize these people are just like you - and that, deep down, you can do it too.

small business plan in ethiopia

Building a business is lonely. And it’s easy to feel stuck.

"How do you take the first step? How do you know you’re making the ‘right’ progress every day?

You finally have a place where you can ask these questions, get advice, and see exactly how successful founders did it before you.

You’re no longer building alone, because you have thousands of founders who are telling you to keep going.

small business plan in ethiopia

I love this website.

small business plan in ethiopia

Love Starter Story's transparency.

small business plan in ethiopia

You can't find this information anywhere else.

small business plan in ethiopia

An incredible community - it's the only reason I have Slack on my phone.

small business plan in ethiopia

Starter Story has been with me on my journey to over 28K YouTube subscribers. It’s an incredible place to learn how to build a successful business - fast.

small business plan in ethiopia

I don't think I ever would have taken the first step without Starter Story.

small business plan in ethiopia

Starter Story gave me permission to start a business. Was watching in the sidelines for years but seeing others do it helped me realize there’s nothing exclusive about it. Now I run my own!

small business plan in ethiopia

I made over $5,000 from my Starter Story membership in a week!

small business plan in ethiopia

It’s really magical to have an accountability group when you’re like me and have been working solo for a long time.

small business plan in ethiopia

I feel like I'm shipping and getting things done like never before.

small business plan in ethiopia

At first I was skeptical if this was worth the money. In hindsight, Starter Story has been one of the best investments I've made.

small business plan in ethiopia

I've made amazing connections in a very short amount of time. The founders in this community are accomplished, smart, savvy, and business gritty people.

small business plan in ethiopia

Immediately after joining the Starter Story community, a founder with 175K followers offered to help ME. Unbelievable.

small business plan in ethiopia

What Pat Walls has built with Starter Story is awesome.

small business plan in ethiopia

The most powerful platform if you want to start a business.

small business plan in ethiopia

This community is full people who have actually started something. So the connections and learnings are based on a shared commitment to action. That shit is powerful.

small business plan in ethiopia

Starter Story helps me learn about the (not so secret) formula for success.

small business plan in ethiopia

Real people making real money. Inspires me every day.

You can see what's worked and what hasn't for thousands of businesses. No brainer!

With #BHAG (our private accountability service), you'll never miss another day of progress.

We'll hold you accountable to building the business that changes your life forever.

How does it work? It's simple:

small business plan in ethiopia

Building a business is not a game of luck.

It’s about taking action every day.

You’ll get access to thousands of case studies, courses, frameworks, alongside a group of people that genuinely want you to succeed.

You’ll start making real progress, and experience first-hand what it’s like to put your ideas into the world.

small business plan in ethiopia

Join our free newsletter to get unlimited access to all startup data including startup costs.

Join our free newsletter to get unlimited access to all startup data. We just need your email:

Check your email

If there's a Starter Story account associated with that email you'll get an email with a link to automatically log in. The link will expire in 15 minutes.

Your existing password still works, should you want to log in with it later.

Join our free newsletter to get access now. We just need your email:

44+ High Profit Small Business Ideas in Ethiopia {2023}

An African Developing Country, Which is Growing Rapidly in Terms of Infrastructure and Modern Technology, So Here Are All the Profitable Small Business Ideas in Ethiopia .

The Growing Ethiopia Economy Many Opportunities to Start Any Business for the Locals and Foreigners.

Small Business Ideas in Ethiopia

The Economy Majorly Depends on Agriculture & Farming, Service Based Business, Manufacturing & Processing Businesses, and Online Private Sector.

Profitable Small Business Ideas in Ethiopia {2023}

In This Post, We Have Focused on All the Service Based Business, Online Businesses, and Part Time Business Ideas, Which Are Easy to Start There is a High Demand in the International Market, That You Can Start From Home as Well.

Blogging is the Method Where I Make Money Online By Sitting From Home and For Your Success, I have Shared All The Experience and Full Guide.

small business plan in ethiopia

Ultimate Money Making Guide (PRO)

Service Based Business

Services Based Business

Another Profitable Business Is Service Based Business and Most Especially, I Recommend All the Online Service Based Business.

So of the High Paying Serviced Business Are Content Writing, Marketing, Drop Servicing, Web Designing, and others.

There Are Many Platforms Where You Can Join and Provide Different Services to the People.

  • Investment- $100 Total Approx
  • Revenue Potential- $500- No Limit 
  • Location- Offline
  • Skills Required:- Specific Training

Cleaning Services

Cleaning Business

In Ethiopia, There is also a Great Demand for Cleaning Businesses, which is the Growth of Modern Society.

From Office to House It Requires Cleaning and Needs Different People to Clean Huge Place. Different Types of Cleaning Like Car Washing, Bike Cleaning, Home Cleaning, and Glass Cleaning. As It is a Service Based Business So Does Not Require Any Investment to Start.

You Can Start This Business as a Part Time or Full Time and Earn Money From It on a Monthly Basis.

  • Investment- <$100 Total Approx
  • Skills Required:- Cleaning Service

Smartphone Repairing

Repairing Business

The Rapid Growth of Smartphone and Computer Technology Increases the Small Businesses Related to It, So It is a Very Low Investment.

You Can Start a Computer Servicing and Smartphone Repairing Business in Your Local Area.

With 6 Months of Course You Can Learn Smartphone Repairing and Start Your Business Without a Huge Investment It is Another Future Proof Business That is Growing Rapidly and Open Multiple Opportunities to Start a Business.

  • Investment- $300-500 Initial Approx
  • Revenue Potential- $200- $400 Apprx
  • Location- Market Place
  • Skills Required:- Repairing Service

Vending Machines

With the Growing of Modern Society, There is a Huge Growth of Vending Machines in 2023. There Are Different Types of Vending Machines From Coffee Vending to Food and Drinks Vending Machines.

To Start This Business It Requires Some Investment and Budget Plan to Start This Business.

From Coffee to Drinks Vending Machine, You Can Also Sell Them Online as Well by Launching Your Vending Machine Website in 2023 and for Sales, It Needs Digital Marketing.

  • Investment- $5-10K Total Approx
  • Revenue Potential- $3-5K Approx Sales
  • Skills Required:- Selling

Low Cost Small Business Ideas Ethiopia

Food and beverage business.

Open a Street Fast Food Restaurant

Starting a Food and Beverage Business is Another Low Investment Food Business Idea.

Food Business Are Always Small Profitable Business Where You Have to Process Different Types of Food and You Can Also Add Beverages Like Coffee, Coldrinks and Others.

Small Business Idea That You Can Start With Low Investment in Your Local Area and Does Not Need Particular Skills to Start.


If you Have Any Educational Background or Log to Educate Students Then You Can Start a Tutoring Business in Ethiopia 2023.

Tutoring is One of the Most Demanded Service Businesses That You Can Start With Zero Investment and Help Students to Educate.

There Are Many Peoples in Ethiopia Looking for Different Private Tutors for They Are Children.

You Can Also Start It as an Online Tutor Service and Provide Education to Different Students With the Online Medium or Live Coaching Classes.

Website Designing

There Are Many Small Businesses That Wants to Take Their Business Online and You Can Help Them by Launching Their Business Website in 2023.

Without Coding You Can Launch a Website With the Help of Word Press and Hosting for Under $100.

There is a Very Used Demand of Web Developers of Both the Front and Back End. If You Do Not Have Any Skills Then You Can Also Start This by Learning for Free From Youtube and Other Free Resources, in 2023.

There Are Many Platforms and Free Resources Where You Can Learn Web Development Completely Free of Cost.

Low Cost Small Business Ideas in Ethiopia

Online business.

Online Business

Online Businesses Are Highly Profitable, and the Loss Ratio is Very Low So It is a Great Business Opportunity That People Are Looking for in 2023.

There Are Many Types of Online Business That You Can Start and Some of Them Are Blogging, E-commerce, Affiliate Marketing, Content Writing, Graphic Designing, and Many More.

So if You Do Not Have Any Skills Then Also You Can Learn Any of Them for Free on Youtube and Start Your Online Business Career in 2023.

Rice Farming

If You have Skills of Agriculture Then You Can Start a Farming Business as It is One of the most Highly Consumed Food Products in Ethiopia.

The Government Also Provided Different Types of Agriculture Support and the Bank Loans to Start This Farming and With the Proper Skills and Use of Modern Technology You Can Get More Crops From It.

You Can Also Export the Crop After Harvesting It and There is Always an in Demand for This Crop as It is the Primary Food in Many States.

Open a Bakery Shop

Bakery Business

If You Are a Bakery Loved Person Then You Can Start a Small Bakery Business With Low Budget in Ethiopia 2023.

In Ethiopia, There Are Many People Who Like to Consume Bakery Food Like Cookies, Cakes, Cheesecakes, Buns, Rolls, and Biscuits and You Can Start a Small Business Related to It.

Open an Online Store or Offline Store to Sell Your Food Products. There Are Many Online Food Platforms, Are You Can List Your Bakery Products and Sell It Throughout the Country.

Start Entertainment Business

If You Love to Sing and Raping Then Starting of a Small Entertainment Business is Another Profitable Business That You Can Start.

It is the Best Business Where You Turn Your Passion Into a Profession. You Can Join Different Social Media Platform From Youtube to Instagram and Add Your Music Video There to Get Social Exposure and Make Money From It.

After Getting the Global Exposure You Can Launch Your Own Label and Sale Songs.

Security Service & Equipment

Starting of a Small Security Equipment Selling Business Each Another Profitable Soap Business Idea That You Can Start in the Marketplace.

It is a Mid Scale Business Idea Where You Can Sell Different Types of Security Equipments Like Cameras, Alarm Systems, Scanners, and Closed-circuit Televisions.

There is a High Demand for Security Equipments Like Cameras in Banks, Shopping Malls, and Personal Properties and You Can Full Fill the Requirement in the Market.

Solar Panel Sales and Service

Starting of a Solar Panel Installation Service is One of the Best Futuristic Business and There is a Great Demand of It In the Near Future.

From Saving Money Of Electricity to Creating Energy From Sun, Solar panels Has Many Benefits.

So With a Low Investment start a Solar Panel Installation and Servicing Business and Attract Early Customers.

Driving School

Starting of Small Driving School is Another Low Investment Lucrative Business That You Can Start.

There Are Many People Who Want to Learn How to Drive a Car or Bike, and With an Old Car or Buy You Can Start This Business You Have Driving Idea.

This is an Underrated and Highly Demanded Small Business That You Can Start by Helping People on How to Drive.

Open a Restaurant


Starting of Small Restaurant is One of the Most Profitable Local Business That You Can Start on the Road Side, in School & College Areas, Office Places, and Markets Place to Attract More Customers.

Serve Different Types of Dishes Like Famous Foods are  Injera, Doro wat, Tere siga, Salata, and Derek tibs.

It is a Customer and Service Based Business That Need Cleanness and Proper Hospitality to Attract More Customers.

Brick Making

Brick Making is One of the Most Demanded Business That You Can Start With a Proper Business Plan and Budget Which is Surely a Great and Profitable Business in the Near Future as Well.

Ethiopia is a Developing Country and Their Many People Making Their Homes, So There is a Huge Demand of Construction and It Needs Bricks as Well.

With a Proper Market Research, Budget Plan You Can Start Your Brick Making Business and Sell It in the Local Area.

Open a Salon or Barber Shop


Start a Small Salon or Barber if You Have the Skills of Hair Cutting.

It is a Human Related Business and Always in Demand for This Service, So Start This Low Investment in Local Shop in a Market Place.

Open a Poultry Farm

Starting of Poultry & Live Stock Business is Another Profitable Business, That You Can Start With Low Investment.

First Understand the Market Demand and Then Start Any Types of Live Stock Farming Like Duck, Poultry, Eggs, Duck, Goat Farming.

To Start, You Can Also Take Bank Loans to Start This Business and You Can Get Returns Within a Year.

What are The Major Cities to Start a Business in Ethiopia ?

From Raw Materials to Skilled Labours, There Are Many Business Cities in Ethiopia, Where You Will Find All the Requirements to Start a Business.

So the Major Business Cities Are:-

  • Addis Ababa

Why You Should Start a Business in Ethiopia – Top 10+ Benefits Of Starting a Business in Ethiopia 2023

There Are Many Resources That Will Help You to Start Your Business and Make It Successful in Ethiopia, Below Are the Few Benefits, That You Can Use to Make Your Business Profitable and Run Smoothly Are:-

  • 3 Way Transportation
  • Investor Friendly
  • Multiple Business Opportunities
  • Government Support
  • Industrial Infrastructure
  • Skilled People
  • Wide Space Available
  • Global Reach

From Local Business to Low-cost Business Type of Small Business Ideas to Start in Ethiopia .

It is an African Developing Country and Starting of Small to Mid Scale Businesses with a Good Potential for Business.

From Housewives to Students We Add Different Types of Part-Time and Full-time Business Ideas to Start in the Country That Will Help You to Become a Young Entrepreneur by Solving the Problems of Local People.


33 Best Small Business Ideas in Ethiopia (2023) With Good Profit

There Are Many Small Business Opportunities to Start in Developing Countries as Most of Them Re Not Saturated Yet So Here Are All the Small Business Ideas in Ethiopia 2023 .

Ethiopia is an African Country and Addis Ababa is Its Capital, the Economy Majorly Depends on Agriculture, Livestock, Service Sector, Small-mid Scale Processing Businesses, and Others.

Small Business Ideas in Ethiopia

With the 13 Most Populated Country, It Opens Many Opportunities to Start Any Business or Startup in Ethiopia.

Table of Contents

List Of 33+ Small Business Ideas in Ethiopia [2023] With Good Profit

If You Are Looking for All the Best Small Businesses Then You Can Go With the Online Business the High Demand and if You Are Looking For Any Local and Low-Cost Small Business Ideas Then.

  • African Market Research
  • Business Plan

By Focusing on All the 3 Steps You Can Make Your Business Profitable, and Sell Your Products or Services Easily.

My Most Favorite Blogging

From the Last Few Years I Have Made More Than $1000+ as a Beginne r From Blogging.

It is One of the Best Method to Make Money From Home Without Showing Face.

So if You Are Interested in Making Money From Home With Very Low Investment Then Blogging is Only for You.

Below I Have Shared All My Experience That Will Help You to Start Your Online Business, That You Can Check.

Solar Panel Sales and Service

Solar Panel Installation

A Future Proof Service Based Business Idea, Which is Solar Panel Installation Business.

There is a Huge Demand for This Business as It Comes With Many Benefits From Protecting The Environment to Creating Energy from Bio-Degradable Substances.

So Many People Looking for Solar Panel Installation Service and With a Discount, You can Grab the Earning Coming Customers.

  • Investment:-$500-$1000 Aprrx
  • Income Potential:- $1- $3K Approx
  • Location:-Offline
  • Skills Required:- Solar Installation Service

Cleaning Services

Cleaning Business

Cleaning Business is Yet Another Service Based Business That You Can Start With Zero Investment.

From House to Office, It Requires Cleaning So There is a Huge Demand for This Business, and You Can Start Different Types of Cleaning Business as Like Car and Bike Cleaning, Home Cleaning, Door and Glass Cleaning, and Others.

It is a Service Best Business So Does Not Require Any Investment to Start This Business, and You Can Do This in Your Part Time or Full-Time Career or by Opening an Agency.

  • Investment:-No
  • Income Potential:- $300-400 Approx
  • Location:- House, Office, and Apartment
  • Skills Required:- Cleaning

Most Successful Small Business Ideas in Ethiopia 2023

Mobile phone repair.

small business plan in ethiopia

The Modern World is Mostly Depend on Smartphone and the Rapid Growth of Smartphones Selling Increases the Demand for Different Types of Businesses Related to It.

Smartphone Repairing is One of the Best Service Businesses That Require a Very Low Amount of Investment to Start.

To Start This Business You Must Have the Skills in Computer Repairing or Mobile Servicing With You Can Learn Within 6 Months of the Course to Start a Mobile Repairing Shop.

  • Investment:-$300-$500 Opening Time
  • Income Potential:- $200- $400 Approx
  • Location:- Market Place, City Area
  • Skills Required:- Repairing Training

Vending Machines

In the Modern Era, There is a Very High Demand for Different Types of Products and Vending Machines of Them.

There Are Different Types of Vending Machines Like

There are Different Types of Vending Machines Like Coffee Vending Machines, Food and Drink Vending Machines, and Snack Vending Machines.

With a Good Budget, You Can Start a Vending Machine Business and Sell Different Types of Vending Machine Both Online and Offline. There is a Very Huge Demand for Vending Machines in Ethiopia in 2023 and With a Good Budget, You Can Start This Business.

Online Business

Online Business

Online Businesses Are Highly Profitable, and the Loss Ratio is Very Low So It is a Great Business Opportunity That People Are Looking for in 2023.

There Are Many Types of Online Business That You Can Start and Some of Them Are Blogging, E-commerce, Affiliate Marketing, Content Writing, Graphic Designing, and Many More.

So if You Do Not Have Any Skills Then Also You Can Learn Any of Them for Free on Youtube and Start Your Online Business Career in 2023.

Rice Farming


Ethiopia is an Agriculture Oriented Country and Rice is One of the Most Cultivated Crop Because Many People Eat Rice as Their Primary Food.

So Starting of Rice Farming is Another Profitable Agriculture Where You Can Get Loans and Support From the Government.

Rice Farming Takes a Lot of Processes From Seed Cultivating to Harvesting the Crop.

Real Estate

Real estate Business

As Ethiopia is a Developing Country So Real Estate Business Are Not Saturated Yet and Hold the Great Potential to Start a Business.

So if You Have Any Good Investment Then You Can Start a Small Real Estate Company and Invest in Different Real Estate Properties as Well.

There Are Many Places in Ethiopia Where You Can First Invest in Property and Then in Real Estate Buildings for All Types of Office, Mall, and Business Purposes.

Low Cost Small Business Ideas in Ethiopia 2023

Bakery/pastry shop.

Bakery Business

In Ethiopia There is Used Demand for Bakery Businesses, So Starting a Small Bakery Business is Another Profitable Idea You Can Start With a Low Budget. It is a Best Work From Home Business as Well.

If You Love to Cook Bakery Products Then You Can Prepare Different Types of Baked Goods Like Bagels, Buns, Rolls, Biscuits, Cookies, Cakes, and Cheesecakes Sell It in the Market.

You Can Also Start Selling It in a Crowded Place and Make Money From It.

Entertainment Business (Music, Video, and Rappers)

Entertainment Business

There is High Demand of Entertainment Businesses and Helps to Take Your Hobby Into Business.

So if You Love to Singing & Rapping, Then You Can Start Your Career as a Rapper by Turning Your Passion Into a Profession.

You Can Start Your Own Label and With the Help of Youtube, Facebook, Instagram, and Other Social Media Platforms Get Exposure From the World.

Security Service & Equipment

Security Service

From Online to Offline There is a High Demand for Security Services and You Can Start a Small Security Service Equipment Selling Business in Your Area.

You Can Provide All the Security Equipments Like Cameras, Alarm Systems, Scanners, and Closed-circuit Televisions With the Installation.

You Can Setup the Business in the Market Place, and Ask Banks, Offices, and Homes for the Installation of Different Security Devices for the Better Safety of Their Property.

Driving School

The Growth of the Automobile Industry is Very High, and There Are Many Small Businesses Related to It Are Also Growing.

So if You Have Proper Knowledge of How to Drive a Car or Bike Then You Can Start a Driving School.

It is a Low Investment Small Business Idea, You Can Start With an Old Car or Old Bike and Other Legal Documents to Start This Business, Many People Who Want to Learn Driving and You Can Help Them in It.

Computer Service and Selling

The Growth of Modern Technology and Computer Selling Increases the Demand for Different Types of Businesses Related to It.

Computer Repairing or Smartphone Repairing Services Are One of the Best Service Businesses That Require a Very Low Amount of Investment to Start.

Open a Restaurant


Restaurant Business is One of the Most Profitable Businesses, That You Can Start With a Low Budget or High Budget. There is Always a High Demand for This Food Business.

Some of The Famous Foods are Injera, Doro wat, Tere siga, Salata, and Derek tibs.

Start a Small Restaurant in the Market Place, College & School Area, Office Place, and in the Road Side to Get Multiple Customers.

Start Making Regional Food as Well as Chinese, Italian, Mexican, and Other Popular Dishes Will Help to Attract More Customers.

Brick Making

Ethiopia is a Developing State Which is Growing Rapidly So the Demand for Bricks is Also Growing with the Rapidly Growth of the Construction Business.

So Starting of Brick Making Business is Yet a Small Business That You Can Start With a Low Budget.

To Start This Business It Needs a Proper Plan, Budget Idea, Legal Documents, and Human Resources. It is a Best Profitable Business Where It Needs a Skilled Work Force to Bricks Making, Move, and Burning Them.

There is a Complete Process to Start a Make a Brick, but the Revenue Potential is Really Good as Well as the Growth of the Market.

Open a Spa & Beauty Parlor

Beauty and SPA

All the Business Related to Human Are Very Profitable and Beauty Parlor and Spa Salon is One of Them.

It is the Best Business That You Can Start With a Low Budget and Which a Proper Connection and Communication You Can Drive Multiple Customers for Your Business.

There Are Many Female Who Looking for Different Types of Facial, Massages, Pedicure, and Manicure and You Can Start a Small Beauty Parlor in Your Area or a Market Area.

Open a Livestock Poultry Farm

small business plan in ethiopia

Livestock Farming Business is One of Profitable and Traditional Business That You Can Start With a Low Investment.

These Small Business Are Traditional but Comes With a Great Profit Margin. There Are Different Types of Live Stock Farming That You Can Start Like Duck, Poultry, Eggs, Duck, and Goat Farming.

Do a Proper Market Research and Understand the Demand and Start a Livestock Business Related to It.

Start a Coffee Shop

Ethiopia has Many Places to Start a Small Coffee Shop, There Are Many People Who Love to Consume Coffee and Start a Small Business Related to It as Another Profitable Small Business.

By Renting a Small Place in a Crowded Area You Can Start a Cafe and Sell Coffee in Part Time or Full Time. To Start This Drink Business It Needs Some Investment and a Place to Start, You can Also Start an As Part-time with a Cart or Small Food Truck.


Tutoring Business

Ethiopia Has a Huge Amount of Students and Every Parent Wants to Educate Their Children for a Great Future and to Get a Job.

So if You Have Any Educational Background Then You Can Start a Tutor Service and Provide Education to Children. There is a Huge Demand for This Business and You Can Start It is a Part-Time or Full-Time Career.

You Can Start a Tutor or Online Tutoring Business and Money From It on a Monthly Basis or Session Basis.

SEO Agency & IT Services

Starting an SEO Agency is Another Best Service Based Business, Which You Can Start From Home.

SEO is a Great Demanding Online Business in 2023, Age All the Small Businesses to Large Businesses Want to Drive Customers From Online.

SEO is a Process of Ranking Websites in Higher Positions at Google, So if You Have the Skills of SEO, Then You Can Start a Small Agency Related to It.

What are The Top Cities to Start Business in Ethiopia ?

  • Addis Ababa

Top 10 Online Business Ideas to Start in Ethiopia 2023

There is a Great Potential Of Starting Different Online Business in Ethiopia 2023, It Also Opens Multiple Earning Opportunities From One Online Business.

So the Best Online Business are:-

  • YouTube Channel
  • Digital Marketing
  • Online Tutoring
  • Stock Market Trading
  • Domain Flipping
  • Affiliate Marketing
  • Ecommerce Business
  • Earn From Survey Sites
  • Data Entry Jobs
  • Freelance writing
  • Graphic designer
  • Web developer
  • Social media specialist

Top 10 Best Work From Home Business Ideas to Start Ethiopia 2023

  • Freelance designer
  • Social media manager
  • Proof Reading
  • Online tutor
  • Transcriptionist
  • Cyber security consultant
  • Freelancing
  • Cloud Kitchen

Why You Should Start a Business in Ethiopia – Top 7 Benefits Of Starting a Business in Ethiopia 2023

Starting of Business in the Growing Economy of Ethiopia, Provide Different Opportunities to Start Small Businesses and Startup Ideas, Below Are a Few Steps That You Can Follow and the Best Benefits to Start Any Business in India Are:-

  • Multiple Business Opportunities
  • Skilled People
  • Wide Space Available
  • Government Support
  • Industrial Infrastructure
  • 3 Way Transportation
  • Investor Friendly
  • Global Reach

There is No Scarcity of Human Power to Start Any Type of Manufacturing and Processing Business in the Developing Country of Ethiopia.

There Are Many Travelling Sports, Natural Resources and Agriculture Businesses in Ethiopia , by Finding the Market Demand We Add Different Type of Small Businesses Along With the Startup Ideas That You Can Start With Low Investment in Ethiopia.

Leave a Comment Cancel reply

Save my name, email, and website in this browser for the next time I comment.

Notify me of follow-up comments by email.

Notify me of new posts by email.

small business plan in ethiopia

50 Most Profitable Business ideas in Ethiopia [2024]

Entrepreneurship stands out as one of the most promising research approaches that could assist Ethiopia in significantly lowering the percentage of its population that lives in extreme poverty. However, the Ethiopian government has to provide financial support for this program in order to see improved results.

Agriculture has been and continues to be the most promising source of welfare for Ethiopians. Despite Ethiopia’s inadequate infrastructure and high tax rates, agriculture contributes approximately 50 percent to the country’s gross domestic product (GDP). If you are serious about starting a business in Ethiopia, the following is a list of the top ten best opportunities for small businesses that you may look into:

1. AC Installation

A person who is able to install air conditioners and is interested in starting a business that provides AC (air conditioner) installation services should take note of the recent surge in the adoption of air conditioners across residential and commercial markets in Ethiopia. This has created an attention-worthy niche for individuals who possess the skills necessary to install air conditioners.

2. Fence Installation

It has become increasingly important for residents of Ethiopia to install fences around their homes, farmlands, schools, and factories, as well as bar access to robbers, thieves, and other criminals, among other types of intruders, due to the high incidence of crimes in the country, the majority of which involve theft and other types of intrusion, which has shown a marked increase over the course of time. To be successful in the industry of installing fences, you need solid construction skills.

3. Fruit jams

Apples, pears, mulberries, and strawberries grow well in Ethiopia, providing excellent potential for business owners interested in adding value by producing and selling fruit preserves.

4. Flour mills

Since Ethiopia is so prosperous in the production of grains like wheat, barley, corn, and so on in large quantities, the country has a need for milling plants that produce flour.

5. Fresh Juice Business

In contrast to many other types of enterprises, operating a business that deals in fresh fruit do not require you to have a thick skin. It is a simple business that is in high demand these days (thanks to an increased awareness of the importance of maintaining a healthy lifestyle), and it offers the possibility of large returns on investment.

6. Catering Services

The consumption of food is an essential component of every gathering. It is even difficult for people to create magnificent cuisine on their own as the world’s events continue to become more complicated than they have ever been before. As a direct consequence of this, the need for food caterers at events is growing steadily over time. Therefore, if you are blessed with the ability to conjure up delectable dishes using both of your hands, you ought to give some consideration to starting a catering business .

7. Skincare Products

Skincare products, particularly multifunctional ones, are becoming increasingly popular among men and women alike. This is due to the fact that these products give a package of benefits all at once, including anti-aging, cleansing, protection from UV rays, and so on. Consequently, a fantastic potential for a small business that you can think about pursuing today in your community.

8. Open a Hair Salon

Barbers will always have a place in our societies because as long as we have them, we humans will never go out of style. They are necessary in order to improve our facial features, make us look more attractive overall, and reduce the amount of facial hair that, if not removed, would make us appear to be wild creatures. Therefore, opening a hair salon is yet another excellent business opportunity available to men in today’s modern world.

9. Organic Food Store

People consistently choose organic foods over conventional foods while they are eating out because organic foods are safer and healthier than traditional foods. Therefore, it would be worthwhile to operate an organic food store in today’s market.

10. Dance School

Since dance segments began to appear on television shows, an increasing number of people—especially young people—have been enrolling in dance classes in order to hone their dancing abilities. Therefore, if you consider yourself to be a rather skilled dancer, you can think about starting your own dancing school.

There are various other small business services you can launch in Ethiopia like online invoice template free .

11. Agricultural Export Business

You may want to capitalize on Ethiopia’s rich agricultural climate and resources like Jennifer who exports various locally produced commodities like coffee, spices, and flowers.

12. Tourism Services

Follow the footsteps of John Lawrence who makes money as he has created a popular travel agency business to cater to the growing tourism industry of Ethiopia.

Renewable Energy Solutions

Entrepreneurs can be like Steve, Rachin, etc who have developed a very innovative solar and wind energy solutions to address the energy needs of rural areas of Ethiopia.

Mobile App Development

You can become a mobile app developer to create apps tailored to the local needs of Ethiopia such as agriculture management, and language learning programs.

E-commerce Platform

You can also make money in launching ecommerce platform to help local stores for online trade of their products and thereby making sure to foster the economic growth of the country.

Healthcare services

Ethiopia is a country that lacks high quality healthcare services. You should take the advantage of this opportunity by establishing a clinic or a telemedicine service to help in improving country’s healthcare accessibility.

Educational Consulting

Get into the shoes of Stephan Collins who has created an educational consultancy that offers services to assist students with study abroad opportunities.

Food Processing Business

Ask John who earn a lot of money ever since he launched a food processing business that makes sure to add value to the local produce while ensuring the processing and packaging of food products.

Water Purification Business

Ethiopia is haunted by the water scarcity challenges and you could become Abubaker who has launched a water purification business to make sure people have access to the clean water solutions by addressing water scarcity problems in the country.

Real estate development

You could be like Abeba who is a popular real estate developer as he has been contributing to the ever increasing real estate market of Ethiopia by developing residential and commercial dwellings in the Dire Dawa city of Ethiopia.

IT training centers

There is a huge demand for a tech savvy workforce in the country and Amara is an entrepreneur who has established a training centre where she and her other team members help aspirants learn a vast number of IT skills.

Transportation Services

Become Amhara who owns a transportation company that makes her money by addressing the need for a reliable commuting option in her city.

Fashion design and retail

There is a growing fashion market and you could tap into it with your unique designs and locally made clothing and make sure to earn as much money as you want by selling your designs to the customers in your community.

Event Planning Services

Events occur everywhere and Ethiopia is no different where people celebrate a lot of events. If you are a event planner, you could be like Omri who organizers various events such as weddings, conferences, and parties.

Organic Farming

People want a chemical free life says Adeeba who has opened an organic farm and she not only makes money but also promotes sustainable agriculture in her city. You could also follow her footprints and launch your own organic farm.

Waste Management Services

People are creating a lot of waste day in day out and as a result there is a need for waste collection and recycling services to not make income but also at the same time address environmental concerns and issues.

Language Translation Services

You could also offer translation services to the individuals and businesses to make sure you bridge language gaps and also make money at the same time.

Fitness and Wellness Centers

Become the owner of a gym center like Jahangeer who caters to the needs of growing health conscious population in the Adiba city of Ethiopia.

Cultural Tourism Guides

You may also like the idea of offering cultural tourism guides. You will earn a lot when you provide guided tours that would highlight rich cultural heritage of Ethiopia.

Livestock Farming

Kaleb is an entrepreneur from the Kombolcha city of Ethiopia and he owns and engages in livestock farming to make sure he meets the demand for the meat and dairy products in the country.

Mobile Repair Services

If you have mobile repairing skills, you could open a mobile phone repair business to help people fix a lot of problems frequent in smartphones. Some phones require glass repair, while some need to fix battery problems. You should cater your services to the ever growing smartphone market.

Consultancy for Small Businesses

There are lots of small businesses that lack guidance when it comes to growing their reach to more potential customers. You may therefore want to offer consultancy services to help small businesses for growth and efficiency.

Automotive Repair Services

Ali is an entrepreneur who has established a garage in the Deba city where he and other technicians offer vehicle repair maintenance services to the vehicle owners.

Online Learning Platforms

You could also address the need for remote learning by creating platforms for online education. This business demands low investment but surely requires you to posses coding skills even though you can hire someone who knows how to create a website to serve the online education need for students.

Eco-friendly Store

Meet Shamira who has opened a store that has been specializing in selling various environment friendly products. Get in touch with her as she will help you learn how she setup an eco-friendly products store in her city and lives a happy life.

Social Media Management

Khaby is someone who serves and assists businesses in managing their digital presence through social media. In order to become like Khaby you should spend time on social media platforms like Facebook, Twitter, and Instagram.

Financial Advisory Services

There are individuals and businesses that need financial planning and advisory services and you could be like Jamsheed who serves a lot of small businesses with his financial planning services.

Craft and Artisanal Products

You may also want to sell handmade crafts and products and make money while ensuring to promote your local artisans. Ali of Adeeba city is a good example you could refer to for advice.

Tech Support Services

Computer shops, banks, service centres using laptops would need you to cater your technical support services in order to fix a lot of software and hardware problems in their Pcs.

Personal Chef Services

You may also make sure to make money by offering various personalized culinary experiences for events and individuals at the same time.

Ethnic cuisine restaurant

There is also a huge demand for restaurants in Ethiopia that specialises in traditional Ethiopian cuisine. Investment requirements are hefty but returns on your investments are enjoyable.

Renovation Services

This business will get you involved in making money like Usman Ali who offers renovation and construction services in his locality.

Online Grocery Delivery

You can also create online platform which will facilitate convenience of grocery shopping in Ethiopia. Tap this growing opportunity as early as possible before it becomes crowded with multiple businesses.

Interior Design Services

You could also offer interior design services that would help both individuals and businesses enhance their living and working spaces in your city.

Catering Services

You can also make money by providing catering services to serve people who attend various events like weddings, and corporate functions.

Online Marketing Agency

Someone looking for low cost business ideas in Ethiopia should think about launching an online marketing agency that would make sure to help local businesses in boosting a strong online presence while providing them digital marketing services.

Language School

If you are someone who has a good hold on few foreign languages like French, Spanish, English, etc you may establish a school to help aspirants learn these foreign languages.

Recruitment Agency

Businesses are always in need for qualified personnel and you could become like Mehnaz Ali who has launched a recruitment agency to find qualified staff for work.

Courier and Delivery Services

You could also start a delivery services to make sure you help people get their packages and goods from one place to other in Ethiopia.

IT Security Services

Cybersecurity is much needed in these days and there are so many corporations that would allow you earn while offering them cybersecurity solutions.

Fitness app development

One with good coding skills can create an application for fitness and encourage people for healthy living.

  • Start A Blog
  • Start Business
  • Grow Business
  • Earn Online

Best 25 Profitable Small Business Ideas in Ethiopia for 2023

If you have decided to start with your business idea in Ethiopia, you have taken the right decision. This is because the economy of Ethiopia has shown impressive growth from 2000 onwards.

The expanding economy of Ethiopia has opened up opportunities in various sectors like agriculture, food processing, IT, and the service sector. Therefore you have ample scope to succeed in building a successful business in Ethiopia.

Several new reforms have been implemented to encourage new business ideas in Ethiopia. Hence you can grow your business in this country and earn profits.

The infrastructure of Ethiopia has also improved to a great extent in the last decade. That is why it will be easier for you to develop and grow your business here.

25 Business Ideas in Ethiopia

1. rice farming.

Rice farming is a profitable business idea for you because rice production is low in Ethiopia. Along with that, a lot of emphases is being given to rice farming. Hence rice farming in a large plot can be profitable for you. However, you need to have an idea of farming and the yield per acre of paddy.

2. Start a Small Manufacturing Business in Ethiopia

There is a wide scope for small-scale manufacturing businesses to prosper in Ethiopia. As a matter of fact, there is a big number of successful business owners in Ethiopia in the manufacturing industry.

The main industries in the country are food processing, beverages, textiles, leather, garments, chemicals, and construction materials. If you have the required capital, you must consider launching a small-scale manufacturing unit. And try to tap the export market as the existing manufacturing enterprises have not been able to capitalize as yet.

3. Start a Food Processing Business in Ethiopia

Food processing is another profitable business idea for you in Ethiopia because it is an important sector in the business map of Ethiopia. Several food items are processed. You can choose any one or several of them. In this case, you must have a basic knowledge of food processing along with the marketing network for selling them. The crops or items for processing are coffee, potato, maize, sesame, dairy, etc.

Flour Mill is also a good business to start here in this part of the world. Ethiopia is rich in wheat and maize production. That is why a flour mill is a sustainable business idea for you. It will give you a good profit and you will be able to recover your investment soon.

4. Open a Poultry Farm

You can start your poultry farm business in Ethiopia as it has a good demand as well as growth potential. Keep in mind that you have to supervise the entire process to run the farm smoothly. You can sell eggs as well as meat from your poultry farm and get a good income.

5. Start a Bakery

The bakery business has become very popular in Ethiopia. If you know about baking, you can start your bakery shop at a good location. Maintain a good standard of your products highlighting the local favorites. Try to be innovative and serve fusion items along with diet-friendly items which have good demand. Word-of-mouth publicity is significant for the growth of your bakery business.

6. Fast Food Joint

Starting a fast food joint is a good business idea in Ethiopia. Burgers, drumsticks, and other fast food are very popular here. Hence you can start a fast food joint and earn a good profit.  Serving good quality food will ensure more customers come to your fast food shop.

7. Advertising Agency

The growing economy of Ethiopia has a good demand for advertising agencies. Hence starting an advertising agency is a good business idea for you. In this business, you have to prepare advertisements for your clients suitable for print, audio as well as audio-visual media. Along with that, you have to chalk out different campaign programs for business enterprises.

8. Computer and Smartphone Repair

The widespread digitization along with the use of smartphones has created a good demand for computer and smartphone repair services. You can start a business of computer and smartphone repair services if you are technically skilled. This business needs very little money to start and you can start from your home. Add computer servicing to repair services for getting more business.

9. Internet Providing Service

Providing fast and hassle-free internet service is a profitable business idea in Ethiopia because Ethiopians browse the internet frequently. You may start this business by providing internet connections to different offices as well as a residential area. Invest in high-speed internet and add a troubleshooting service to serve your customers better.

10. Cyber Café

There is a good prospect of cyber café business in Ethiopia considering their need as well as addiction to the internet. Start a cyber café at a good location where you will get a lot of clients. Furthermore, add the services like printing, scanning, and copying for value addition and more income.

11. Tutoring

Tutoring is a highly sought-after business area in Ethiopia. You can take up this business idea and teach students of different grades starting from school to college level and higher. Along with that, you can also provide music, dance, or painting lessons to students. Take classes in your home or online according to your convenience and the students’ demand.

12. Start a Consultancy Business in Ethiopia

Ethiopia has a big market for consultancy businesses. You can avail of this opportunity and grow your consultancy business. There are various areas of consultancy and you can choose any one of them. The areas include business consultancy, financial consultancy, and educational consultancy, etc.

Choose the area according to your expertise and experience. Staff training and orientation are also a part of the consultancy business that yields good income.

13. Start a Beauty Salon Business in Ethiopia

The salon is an all-time profitable business idea in any place, especially in Ethiopia. Start your beauty salon at a good location. Hire good beauticians and use herbal and organic products which have good demand. Decorate your salon well so that it is convenient as well as comfortable for the customers. Furthermore, if you can make it a unisex salon, you will be able to earn more from your salon business.

14. Event Management

The growing economy of Ethiopia has a good demand for event management services. You can start your event management services wherein you will manage different corporate as well as social events.

Event management will demand careful attention from you to every minute detail of an event starting from the venue, and guest list to décor and food served. A few successful assignments will fetch you more clients. The charges of the event management business are quite high.

15. Cleaning Services

With the growth of the business sector in Ethiopia, the demand for cleaning services has grown very fast. You can start your cleaning service business idea with a few people to start with. The offices, banks, and other organizations need cleaning services regularly. Invest in safe and effective cleaners and offer disinfection as well as sanitization services for good credentials along with value addition.

16. Laundry Services

You can start with the business idea of laundry services as it has a good demand in Ethiopia. If there is space in your home, you can set up the laundry at home. Otherwise, you need to hire a space. Washing machines, drier, etc. are the necessities for the laundry business.  Ironing the washed clothes will give you more income. Set your laundry in a residential area where you will get clients. Use flyers, posters, and banners for the publicity of your laundry service.

17. Solar Panel

The solar panel business idea is gaining popularity in Ethiopia. If you can manufacture solar panels and provide installation and repair services along with that, you can do good business. Your clients will include offices as well as residential buildings and complexes.

18. Freelance Writing

Freelance writing is a great home-based business idea in Ethiopia. Use your creativity and writing skills to do freelance writing business in various areas of creative writing like web content writing, article writing, blog writing, and SEO content writing for different business organizations, NGOs, publications, and web portals. Furthermore, you only need a computer, and high-speed internet to start a home-based freelance writing business.

19. Website Designing

Website designing is a rising and prospective business idea in Ethiopia as many business organizations are developing and spreading their business in this country. You can start a website designing business if you know coding as well as have an aesthetic sense. Writing web content and applying SEO optimization skills will be an added advantage in your website designing business.

20. Vending Machine

Vending machines have become a popular business idea in Ethiopia as people prefer to get various items like newspapers, snacks, drinks, and cigarettes through vending machines. You can take advantage of this growing demand and start your vending machine business. Place the vending machines at busy places like shopping malls, supermarkets, and theatres and grow your business.

21. Music Recording Studio

Music is a popular and passionate choice of Ethiopians because of its rich heritage in music. However, the recording infrastructure is not so developed here. That is why setting up a music recording studio is a lucrative business idea for you. It requires high investment, but the demand will help you to recover your investments. If you can make music videos along with recording facilities you can earn more profits.

22. Start a Real Estate Business in Ethiopia

The real estate business is looming large in Ethiopia. As a result, you can grow your real estate business idea in several ways. Firstly, you can develop real estate as a contractor. Secondly buy flats or apartments then remodel and furnish them and rent them out.

Thirdly, start your real estate business as an agent where you will coordinate contact between buyers and sellers and get your commission. Whichever niche you choose for your real estate business, your profit margin will be high. Foreigners looking to invest in Ethiopia must consider starting a real estate business.

23. Child Care Center

The child care center is a good business idea in Ethiopia where you have to set up a care center to look after kids of different age groups in absence of their parents. Find a good cozy place and invest in toys and other entertainment facilities for the kids. If you can start a playschool or nursery school along with your daycare center, it will have more clients apart from building your goodwill.

24. Driving School

More and more Ethiopians are becoming interested to learn driving and get a driver’s license. Therefore opening a driving school will be a good business idea for you. Take special care to hire good trainers who will teach the students of your school effectively to become efficient drivers. Follow the rules needed for your driving school business. Get the permits and licenses necessary for opening a driving school and running it successfully.

25. Brick-Making Business in Ethiopia

Since real estate and construction activities are soaring in Ethiopia, you can consider brick-making a good business idea. Set up your brick manufacturing unit with an automatic brick-making machine that makes hollow concrete bricks. Sell these bricks to the numerous construction units and earn a good profit.

Frequently Asked Questions

How can i get funding for my business in ethiopia.

There are different funding sources for business ideas in Ethiopia. They include regulated short-term loans, crowdfunding, funding through investors or partners, etc. Apart from that, there are grant opportunities also.

What are the best cities to live in and do business in Ethiopia?

Some of the best cities in Ethiopia are the following:

  • Addis Ababa

Is it wise to start my business in Ethiopia?

Starting your business in Ethiopia is a good as well as a profitable idea. It is one of the fastest-growing economies where business ideas regarding agriculture, manufacturing, IT, and industrial production along with ancillary business ideas are becoming successful and profit-making.

Ethiopia offers you a lot of opportunities to start your business. However, do remember proper planning and dedication are a must to build a successful venture.

small business plan in ethiopia

About the Author: led by Rupak Chakrabarty is committed to helping beginners, entrepreneurs, and small business owners in starting, managing, and growing their businesses.

Share This Article:

  • Samsung Unveils Exciting Black Friday Gaming Deals for South African Gamers
  • Exclusive Xbox Black Friday Deals Revealed for South African Gamers
  • South Africans Can Score Big on Rugged Tech: Rugged SA’s Black Friday Deals Revealed
  • Link Africa’s Black Friday Offer Doubles Bandwidth for South African Businesses
  • Cloud Dynamics Black Friday Deals Levels the Playing Field for Small Internet Service Providers
  • Revolutionize Your Tech Experience with Samsung’s Black Friday Deals for Tech Enthusiasts
  • Toshiba Black Friday Unveils TV Deals for South African Entertainment Shoppers
  • MTN Unveils Black Friday Bargains for Mobile and Internet Users


The 28 Most Profitable Small Business Ideas in Ethiopia

Given Edwards

Are you looking to start a small business in Ethiopia but don’t know where to start? You don’t have to miss this researched piece of content, where we explore some of the most profitable small business ideas in Ethiopia that you can start with minimal investment.

Ethiopia is a fast-growing economy with a large population and a rapidly expanding middle class. This presents a unique opportunity for entrepreneurs looking to start a small business.

From food and beverage to retail and service-based businesses, there are numerous profitable small business ideas that you can pursue in Ethiopia.

In this post, we will discuss some of the top small business ideas that are currently thriving in Ethiopia, providing you with the information you need to make an informed decision and help you on your journey to becoming a successful entrepreneur.

Whether you’re looking to start a small business to supplement your income or you’re planning to become a full-time entrepreneur, this post has something for everyone. So, let’s dive in and explore the profitable small business ideas in Ethiopia!

Small-Scale Business Ideas and Opportunities in Ethiopia

If you’re serious about establishing a business, these are the 28 most rewarding small business opportunities to consider:

1. Open a Daycare and Nursery Center

The 28 Most Profitable Small Business Ideas in Ethiopia

The role of the childcare provider is a vitally important one that requires an abundance of insight, wisdom, and care.

It involves bringing together competent educators and specialists to watch over children aged between 6 months and 13 years old.

This valuable service has grown exponentially in popularity recently, becoming increasingly competitive due to its rarity.

A great deal of effort should be taken when deciding how best to set up such a business.

An example is A & E Daycare – established by immigrants who have made the United States their home for most of their lives.

Boasting a host of dedicated caregivers and teachers alongside a modern playground, this daycare operates from 7 am to 5 pm each weekday with prices set at 3000 Birr per month or 32,000 Birr per year for single-child admission.

2. Open a Restaurant

For decades, the restaurant industry has been a lucrative source of wealth creation in Ethiopia.

Those wishing to capitalize on this trend may take advantage of the opportunity to begin their own restaurant business right now.

With an ever-expanding population and global demand for food, restaurants provide an ideal platform with which to launch an enterprise that is both profitable and resilient against economic downturns.

This makes it one of the most appealing and viable investments in Ethiopia as well as many other countries around the world.

3. Start a Business Consultancy Services

small business plan in ethiopia

The Consultancy Services industry in Ethiopia is a booming sector with the potential to provide game-changing solutions to challenges faced by businesses of all sizes.

It covers an extensive range of services, such as strategic consulting, management consulting, technological consulting, human resource consulting, marketing consulting, tax consultancy and finance advisory services.

With a diverse array of offerings available and increasing demand due to the growth in both local and international businesses operating in Ethiopia, there has never been more opportunity for Ethiopian consultants.

Becoming a successful consultant requires strong interpersonal skills; knowledge of technology implementation; sound problem-solving abilities; strategy formulation capabilities and experience in optimizing operational processes within varying business environments.

Additionally given Ethiopia’s growing economy and the high costs associated with international players in this space local firms are able to fill an ever-growing void by providing cost-effective advice for Ethiopian enterprises at home and abroad.

4. Start an Agricultural and Food Processing Business

small business plan in ethiopia

Starting an agricultural and food processing business in Ethiopia is a substantial investment that has the potential to reap significant rewards, due to the nation’s heavy reliance on agriculture.

As one of Africa’s oldest countries, this ancient land produces a vast array of crops, from grains and fibre crops such as sesame and cotton, to flowers for export, as well as tea and coffee plantations.

Additionally, Ethiopia is home to large areas of forest and thriving fisheries providing yet more opportunities for profits.

The commercial processing of both raw materials and agricultural produce adds even greater potential for success in venture into the agricultural sector in Ethiopia.

5. Start Event Planning and Management Business

As Ethiopia’s economy continues to grow and develop, the need for event management services increases exponentially.

Event managers are tasked with diligently overseeing each component of an occasion, whether it be a corporate gathering or social celebration; this includes picking out the perfect venue, crafting an appropriate guest list, and ensuring the decorations and catering services meet expectations.

Establishing yourself as a reputable event manager requires initially investing time into completing jobs to a high standard- which can then lead to numerous clients returning your way in the future.

6. Start a Brick Making Business

small business plan in ethiopia

The thriving construction industry in Ethiopia offers one of the best and most profitable small business ideas available.

With a relatively low start-up cost, entrepreneurs can invest in automated brick production machines and take advantage of the surge in demand for building materials.

An automated brick machine costs around 29,180 ETB or $1,080 USD and with access to land, water, and labour this could prove to be an invaluable asset.

The vast potential offered by such an enterprise is amplified by government plans to facilitate infrastructure development within the country paving the way for greater investment opportunities into residential housing developments as well as government buildings across Ethiopia.

7. Make an Investment in The Music Industry

Starting a career in the music business can be one of the best small business ideas in Ethiopia.

Establishing an event promotion company or producing quality music videos are both fantastic ways to enter this profitable industry.

Promoters and artists may benefit from sizable investments if they allocate funds correctly, as was demonstrated through a recent 3.4 million Birr deal which resulted in returns ranging between 2-5 times larger than the initial investment.

Similarly, producing promising music video content has grown significantly more expensive due to inflation, with costs rising from 60,000 Birr to 150,000 Birr per video.

If successful and managed well, these ventures could also generate significant income for entrepreneurs in Ethiopia and provide them with an extremely profitable business idea!

8. Open a Football Watching Center

If you’re interested in leveraging your passion for football and making money, one of the best small business ideas in Ethiopia is to open a football-watching centre.

The societal enthusiasm around the sport creates an ideal opportunity for entrepreneurs looking to capitalize on its devoted fan base.

All you’ll need is a comfortable space with televisions where supporters can gather together to cheer on their favourite teams.

It’s an easy way to make money from the enjoyment of others, as well as yours.

With good management and setup, your viewing centre could be a profitable venture in no time at all!

29. Start a Real Estate Business

small business plan in ethiopia

As Ethiopia’s economy continues to rapidly develop, so does its real estate industry. This presents a great opportunity for entrepreneurs looking to invest in an area of growth and profitable returns.

For the best small business idea in Ethiopia, consider developing a real estate business that caters to both foreign investors and local clients.

Working as a contractor could be the ideal option, allowing you to build properties from scratch and make a steady income from construction jobs.

Alternatively, you could acquire flats or apartments and transform them into attractive rentals.

Finally, becoming an agent will enable you to broker deals between buyers and sellers while receiving a commission on each successful sale.

The potential profits are huge – whichever path you choose will be sure to generate plenty of success as well as profitability!

10. Open a Barbershop

Opening a barbershop in Ethiopia can be an extremely profitable venture. Not only does the country boast a population of 120.3 million people, but with increasing, wealth and changing lifestyles come higher levels of demand for quality haircuts.

With an ever-growing desire for personal grooming among the citizens, running a barbershop would be one of the best small business ideas to set up in Ethiopia.

Furthermore, with easy access to low-cost materials and experienced hair stylists available throughout the region, establishing and managing a successful barbershop could prove very lucrative indeed.

By providing customers with top-quality services such as hot towel shaves, modern styling cuts and facial treatments all at competitive prices, entrepreneurs have a great opportunity to make money while helping their local community look its best!

11. Open an Entertainment Lounge

small business plan in ethiopia

Opening an entertainment lounge in Ethiopia could be a great way to make money and provide stress relief to those living and working throughout the country.

With a large population of ex-pats, locals, and tourists alike, there is a need for somewhere these people can escape to after long days of work or during their leisurely free time.

Whether it be via a bar, nightclub, casino, restaurant or movie theatre; offering thrilling activities and experiences as part of an entertainment package could result in excellent profits.

Furthermore with so many options available to choose from one has the freedom to create something truly memorable that stands out from all other offerings in the area.

12. Start Providing Laundry Services

Starting a laundry service in Ethiopia is an extremely profitable business opportunity. The high demand for efficient, reliable, and cost-effective services throughout the country makes it an ideal choice for small businesses looking to turn a profit quickly.

In order to set up shop, you’ll need access to some commercial-grade washers and dryers as well as a dedicated space in which to conduct your operations – either at home if you have sufficient room or by renting a location elsewhere.

To further attract customers, consider hanging posters and banners around the neighbourhood coupled with detailed brochures outlining your services and rates.

Additionally, adding ironing of items upon request will help differentiate your business from competitors while allowing you to command higher prices.

13. Solar Panel Sales and Installation Service

small business plan in ethiopia

The Ethiopian energy landscape is rapidly changing, providing a unique opportunity and the ideal environment to set up a successful business selling solar panels and providing installation services.

An enterprising individual or organization can take advantage of this trend and capitalize on it by importing quality solar panels that meet high standards established by the Ministry of Environment, Forestry, and Climate Change (MoWIE), the Ethiopia Standards Agency, and the Ethiopian Ministry of Water, Irrigation, and Electricity.

With incentives from the US government for African countries such as Ethiopia, these businesses can benefit from significantly reduced prices on products imported from China.

By investing in advanced technology like battery storage systems to accompany their offerings, businesses can provide Ethiopians with reliable access to electricity powered by renewable sources – something that was once not possible in large parts of Ethiopia due to limited electrical grid infrastructure.

Coupled with ever-increasing consumer demand for sustainable energy solutions in Africa’s most populous nation throws open doors for this business idea to become one of the best small business ideas in all of Ethiopia – making it profitable now more than ever before!

14. Open a Computer Repair and Maintenance Shop

small business plan in ethiopia

Starting a computer repair and maintenance business in Ethiopia can be a highly profitable venture. In recent years, more and more Ethiopian citizens have begun utilizing personal computers, resulting in an increased demand for repair services across the country.

By offering hardware repairs such as fixing components or restoring systems impacted by viruses, technicians could realistically earn between 100 to 800 Birr per job – providing ongoing financial opportunities for those interested in tapping into this booming field.

Additionally, as computer parts and hardware items can be imported from other countries at reduced costs, entrepreneurs may find that establishing their own computer maintenance businesses comes with numerous advantages and cost-saving benefits.

Consequently, it appears to be one of the best small business ideas available in Ethiopia today.

15. Open a Grocery Store

Opening a grocery shop in Ethiopia is an excellent business opportunity due to its high potential for success and profitability.

This small business idea entails stocking up on all types of essential household goods and items, ranging from food and drinks to personal hygiene products.

Instead of buying individual products at market prices, the store can buy them in bulk from wholesale suppliers at discounted rates before selling them to customers at retail prices – thereby ensuring a return on investment on the goods purchased.

Unlike supermarkets that require much higher upfront investments because they cater to a wider customer base with a broader range of product choices, starting a supply shop requires comparatively smaller capital outlay as it only has one specific type of target audience – households.

16. Start Refills for Ball Point Pens

small business plan in ethiopia

Starting a business to supply refills for ballpoint pens in Ethiopia is one of the best small business ideas and can be highly profitable.

With around 3.7 million students enrolled in just the Amhara Region, there is an abundant market opportunity for entrepreneurs who are looking to open a company that specializes in supplying refills for ballpoint pens.

In fact, estimates suggest that each student uses about 10 pens with accompanying refills over the course of their academic year – equaling out to around 37 million annual consumption of these supplies across all of Ethiopia.

With this large demand and relatively few suppliers, starting up this type of venture can yield considerable profits.

17. Start a Catering Service

Starting a catering business in Ethiopia is an excellent opportunity for entrepreneurs looking to capitalize on the constantly growing demand for delicious cuisine.

As traditional events and gatherings become more sophisticated and require greater attention, people are increasingly unable to provide the quality of food that they desire.

By launching a catering service, you will be able to capitalise on this need by providing delectable dishes that satisfy even the pickiest of taste buds.

You will also have the flexibility of choosing which occasions to cater to, such as weddings or corporate functions, giving you plenty of freedom while still being successful in your venture.

What’s more is that with low start-up costs and virtually no risk regulation, starting a catering service in Ethiopia could very well be one of the best small business ideas there is!

18. Start a Soap Manufacturing Business

small business plan in ethiopia

Have you been searching for the best small business idea in Ethiopia that can prove to be both lucrative and rewarding?

If so, soap manufacturing could be the perfect fit.

As more and more people recognize the power of natural cleaning products, this time-honoured industry is primed for success.

Soap production involves blending chemical compounds mixed with essential oils or fragrances to create cleansing agents which are either in liquid or solid form.

With creativity and a bit of market research, a profitable business based on soap production can easily emerge in Ethiopia – bringing with it the potential for abundant rewards!

19. Open a Beauty Salon

A beauty salon is a profitable business idea in Ethiopia, particularly in areas where beauty services are in high demand.

To give your salon the best chance of success, you should select an appropriate location and appoint experienced beauticians to work at the salon.

You should also consider providing organic and herbal products that your customers may be looking for.

It’s advisable to create a welcoming atmosphere so customers feel comfortable when visiting; if you can provide both male and female services, you’ll have even more potential for increasing earnings from the venture.

20. Launch a Cleaning Service Business

small business plan in ethiopia

Cleaning Services, or Janitorial Contracting Services are becoming one of the most profitable and popular business ideas in Ethiopia.

This is mainly due to the nation’s booming economy, particularly within Addis Ababa which has become a hub for multinational corporations and non-governmental organizations.

In 2014 there were only 48 licensed cleaning service firms, resulting in a wide gap between supply and demand of janitorial services – including furniture, wall and floor cleaning which remain relatively uncommon practices in Ethiopia.

As such these services can guarantee entrepreneurs an extremely lucrative venture with minimal overhead costs since it provides easy access to human resources comparatively cheaper than other nations.

A perfect example of this is Clean Way Plc., founded by an Ethiopian Diaspora from the US during a period when professional cleaning was almost unheard of in the country.

The firm now employs over 100 people, offering wages ranging from 1,500 Birr (55 USD) up to 2,500 Birr (93 USD), and it has contracts with both public and private sectors that help keep its coffers full year-round.

Other small janitorial companies pay their staff anywhere between 550 Birr (20 USD) to 800 Birr (30 USD).

All of this demonstrates why Cleaning Services stand out as one of the best small business ideas in Ethiopia.

21. Open a Bakery Store

For those looking to break into the food industry in Ethiopia, starting a bakery is one of the best small business ideas.

Established bakeries such as Enrico Pastry and Mulmul Bakery have seen profitable success due to their wide range of offerings.

From cakes and pastries to bread and other baked goods, these businesses serve thousands of customers each day.

Caravan Cake and Shoa Bakery are examples that showcase how successful this type of enterprise can be.

Regardless of size or budget, setting up a bakery offers a highly profitable business idea with the potential for immense growth in Ethiopia.

22. Start a Hotel Business

small business plan in ethiopia

Investing in the hotel business in Ethiopia can be profitable if done right. There is a high demand for quality accommodation, and you could make a good return by offering much-needed services to people.

To set up a successful business, you need to consider all vital aspects such as location, size of the facility, cost – both of construction and running – and availability of staff.

An ideal start would be setting up a small hotel or motel with approximately 20 rooms in an area that has good foot traffic and easy access to transportation systems.

It would also help if there are other amenities nearby such as restaurants, shops, hospitals, and banks.

Once these factors are taken care of, you should build your reputation by providing excellent customer service and modern amenities like Wi-Fi access, flat-screen TVs with satellite channels etc., along with cleanliness in your establishment.

Furthermore, it is important to keep prices competitive to attract more clients. If these basics are followed carefully then starting a hotel business in Ethiopia may be a profitable idea that could bring success to any entrepreneur!

23. Make Egg Trays Out of Waste Paper

small business plan in ethiopia

The best small business idea in Ethiopia may be to produce egg trays from waste paper. Utilizing recycled paper, entrepreneurs could create sturdy, attractive egg trays that protect eggs while being transported.

This will help preserve food safety standards and allow rural families to properly store and transport their eggs with minimal cost.

In addition, it would also be beneficial for city households and restaurants who can utilize the trays as an excellent way of presenting their eggs at the market or on restaurant tables.

With a virtually endless supply of raw materials readily available and no shortage of customers in both urban and rural areas, this profitable business idea in Ethiopia could provide a reliable source of income for budding entrepreneurs across the country.

24. Open a Car Wash

For entrepreneurs looking to make a name for themselves in Ethiopia, starting a car wash business is one of the best and most profitable small business ideas.

This type of venture doesn’t require substantial capital as it only requires an open area and necessary supplies such as brushes, sponges and soaps.

To offer your services professionally, having hired hands can be beneficial in order to meeting customer demand at all times.

Offering consistent quality is key to establishing and maintaining client loyalty – something which can lead to great financial rewards over time.

25. Open a Driving School

small business plan in ethiopia

For entrepreneurs looking to start a business in Ethiopia, launching a driving school could be one of the most profitable opportunities.

With an increasing number of people eager to learn how to drive and get their license, it would make for an ideal small business venture.

Of course, this type of enterprise requires that you choose skilled trainers who can effectively teach students while also observing all relevant regulations.

Once these permits and licenses are granted by the government, you should be good to go!

26. Open a Mobile Phone Repair Shop

With the ever-growing use of mobile phones in Ethiopia, owning a mobile phone repair shop can be an incredibly lucrative and rewarding business venture.

Investing in such an enterprise could deliver high returns and create a successful career path.

The market potential reaches vast numbers – with estimates suggesting that Ethiopians spent over 1 billion pounds within the last three years on repairing their damaged devices alone.

Coupled with the fact that almost one-fifth of individuals cracked their screens by dropping them, yet only roughly 56 per cent actually protected their device with a hard case, opens up even more opportunities for entrepreneurs to step into this unmet demand and fill it with quality service delivery.

Establishing a well-known brand name and continuously offering superior services will ensure steady profits to come from this best small business idea in Ethiopia – opening a mobile phone repair shop!

27. Internet and Cyber Café Business

small business plan in ethiopia

For entrepreneurs, starting an Internet and Cyber Café Business in Ethiopia can be a profitable venture.

With the ever-increasing need for internet access across African countries, you can set up your own café business with a reasonable initial capital investment.

First, you’ll need to purchase several desktop computers with great hardware specifications that guarantee heightened performance levels.

Then you’ll have to install robust antivirus software on them since many of your customers might unknowingly download malicious content from certain websites or e-mails.

Set competitive internet rates and ensure it’s easy for customers to connect their devices to your cafe’s WiFi network.

Lastly, hire knowledgeable staff who are familiar with all the applications needed in a modern cyber café: they should understand troubleshooting basics so they can assist customers when needed!

28. Start a Garbage Collection and Waste Management

The problem of waste in Ethiopia is an urgent one, and there are few to no efficient solutions.

Starting a garbage collection and waste management business is a viable avenue to capitalize on this crisis while providing much-needed assistance.

You could provide households with regular trash collection services at reasonable rates while assuring that the waste is disposed of properly and safely.

This may then be coupled with educational initiatives, aimed at instilling proper recycling habits among local communities.

Earning potential for such a venture would depend on the scale of operation — whether it’s restricted to residential areas or more expansive across commercial establishments as well as institutions like schools and hospitals.

A number of opportunities exist for entrepreneurs looking to make their mark in the profitable business idea of garbage collection and waste management in Ethiopia today.

Leave A Reply Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

Type above and press Enter to search. Press Esc to cancel.

Please Enable JavaScript in your Browser to Visit this Site.

20 Best Profitable Business Ideas in Ethiopia 2023

By ahadu vacancy    oct 18, 2022   |   7138    comments.

Ethiopian business opportunities can seem daunting due to the country's expanding economic scene and the fact that the country has many sectors that are largely undeveloped.

This opens up an opportunity for individuals that are  actively enterprising and hoping to get a bigger piece of the pie that is Ethiopia's growing economy.

There are no more excuses for those that want to change theirs and their family's lives through engaging in business.

Especially, now with the new reforms taking place by  Prime Minister Abiy Ahmed, who is tackling large corporations and opening up the door for small to medium traders, producers, and service sector players.

Hard work, dedication, and discipline are the only ingredients needed for an average Ethiopian to grow his income and live the  life they deserve.

We created this list of 20 business opportunities we believe can be useful for those with huge financial backing or those with limited savings hoping to create a meaningful and profitable business in Ethiopia.

1. Building Management

Building Management in Ethiopia

Building Management is a business that is also sometimes called facility management. The building management company is responsible for supervising the hard and soft services of a residential or commercial building.

Hard services relate to physical structural services such as the elevators/lifts, fire alarms, etc., while the soft services are cleaning, landscaping/gardening, security, and other human sourced services.

Today, Ethiopia has hundreds if not thousands of new buildings both residential and commercial. The need for building management services is booming. Example: Tsehay Real Estate in CMC which uses a building management service to take care of everything the residents need such as the cleaning (maids), security (security guards, cameras), water/electricity bills, gardening, etc. The Chinese have the responsibility to only sell and construct the apartments, while the day-to-day running of the building is left to the company they hired.

Residents currently pay about 1,000 ETB every month. With 13 buildings and 646 residential units, the company receives about 646,000 ETB a month.

The biggest challenge in this business for Ethiopia is to manage the resident's expectations and match these up to the budget constraints and legal requirements.

2. Child Care Service/School

Child Care Service/School in Ethiopia

Child Care Service or as it is also known as day care service, is the supervision and care of multiple children at a time. Their ages range from a baby of 6 weeks old to a child of about 13 years of age.

Early child care is an important and often overlooked component of child development in Ethiopia. Quality care from a young age can have a substantial impact on the future successes of children.

Childcare centers have teachers focus on the mental and physical developments of their students. In order to have a better understanding of the student, the teachers must create a relationship with their student that benefits their wants and needs while elevating them toward a higher set of core values.

The quality of the child care center in Ethiopia will have a very influential affect on the child's overall development; therefore a clear mission objective of the school must be printed and displayed.

Example: A&E Pre-kindergarten which is owned by a female Ethiopian Diaspora who was living in the US for 32 years and has a background in finance. Wanting to do something for her country, and seeing the value of education at an early age, she used her parents home to open up the pre-kindergarten.

She made extensive renovations to create a beautifully child friendly environment with an outdoor playground.

There is a 1 : 6 teacher to pupil ratio, and the child care center uses Montessori's methods which focuses on the staff encouraging each child's development through structured play and fun-learning in a non-competitive environment.

The child care center/school is open from 7 a.m. to 5 p.m. and the fees are 36,000 ETB per child per year or 3,000 ETB a month.

Continuing the theme of business opportunities in education, it is worth mentioning the option of providing online help to students and schoolchildren. This can be assistance in writing essays on various topics, as is organized on the website. It is also possible to give online lessons to schoolchildren and students for an hourly fee, etc. The field of education provides many business opportunities even with minimal investment, which suits many people.

3. Brick Making

Brick Making in Ethiopia

Construction of houses, offices, malls, government buildings, etc. has seen a veritable explosion in Ethiopia. But this boon in the construction sector is not limited to huge companies with massive financial resources.

Small to medium businesses can also take part and profit very well from the construction boom in Ethiopia.

One automatic brick making machine costs in the range of about 29,180 ETB.

The biggest challenge that currently is an obstacle for brick making in Ethiopia is the access to land from the government and the need for a constant supply of water, which is essential for mass production of brick blocks.

Some water related obstacles could be alleviated through the use of water containers in the ground, above ground water tanks, and wooden pallets to raise the blocks till they harden.

4. Solar Panel Sales and Service

Solar Panel Sales and Service in Ethiopia

Solar Panel prices are reaching levels that are record lows, this coupled with rapid advances in battery storage technology and you have the ingredients for a very lucratively profitable business model for Ethiopia.

The Ethiopian Ministry of Environment, Forest and Climate Change (MoWIE), the Ethiopia Standards Agency, and the Ethiopian Ministry of Water, Irrigation, and Electricity have recently drafted a plan to introduce a new standard for the imports of residential solar panels.

This huge development for solar panel sales in Ethiopia means that low quality panels often imported from China will begin to disappear from the Ethiopian market. This leaves a gap in the supply and demand of solar panels.

Any enterprising individual or company can now take advantage of this situation and import solar panels according to the new standards.

Add to this initiatives put in place by the US government for Africa, Ethiopians can import them with incentives.

5. Cleaning Services

Cleaning Services in Ethiopia

Cleaning Services or Janitorial Contracting Services are now increasingly becoming in demand in Ethiopia.

This is due to the many offices that exist, especially in Addis Ababa. With the increase in the number NGO's, international companies, as well as local businesses, the need for cleaning service companies is increasing.

Unlike in other countries around the world, especially in the developed world, the provision of furniture, walls, and floors cleaning service is not common in Ethiopia.

As of 2014, there were only 48 licensed cleaning service companies in Ethiopia. Entrepreneurs should realize that this business sector is very profitable in terms that it has a very low input cost and Ethiopia's fairly good accessibility of human resources.

Example: The owner of Clean Way Plc. is an Ethiopian Diaspora from the United States who established his company in Ethiopia, at a time when cleaning services were almost non-existent.

The company offers services such as cleaning buildings, carpets, houses, sofas and cars.

Today the company has about 100 employees with salaries ranging from 1,500 ETB to 2,500 ETB and numerous contracts from businesses as well as from the private sector. Other cleaning services offer employees 550 ETB or 800 ETB.

6. Consultancy Services

Consultancy Services in Ethiopia

The Consultancy Services industry in Ethiopia is indeed a broad industry that covers a range of services, such as: strategy consulting, management consulting, technology consulting, human resource consulting, marketing consulting, tax consulting, training consulting, agriculture consulting, finance consulting, and much, much more.

Consulting business are hired or contracted to offer solutions to problems organizations face. The minimum requirement to becoming a consultant in Ethiopia is to have good coaching skills, know how for technology implementation, good process analysis, skill at strategy development, and/or the ability for operational improvement.

There are many bright and personable people in Ethiopia that can provide this service, and couple this with the many organizations that need people that know how to navigate the often hectic business environment in Ethiopia, then you have the making for a hugely successful business with very low startup cost.

International consultancy firms are very expensive which leaves further room for Ethiopian consultancy firms to fill in the gap at affordable prices for Ethiopian companies.

7. Advertising Agency

Advertising Agency in Ethiopia

Advertising Agencies in Ethiopia are experiencing a huge increase in the prices that companies are offering them.

In 2016, there were a little over 1,000 licensed advertising agencies in Ethiopia, these to cater to the hundreds of thousands of businesses.

Although the number of agencies is increasing, there is no decline in the prices being offered, instead they are increasing dramatically.

These high prices are causing companies to look towards different venues for advertising their products. This is where Ethiopian advertising companies can fill in the gap and expect to get lucrative profits.

Furthermore, the advertising sector is protected by Ethiopian law, in that only Ethiopian and foreign nationals of Ethiopian origin can participate, although, the law allows advertisements produced by foreigners, as long as it is done through an Ethiopian advertising agent.

Advertising agencies in Ethiopia should also offer newer services such as market research, developing strategies, and undertaking public relations.

8. Mobile Phone Repair

Mobile Phone Repair in Ethiopia

Mobile Phone Repair is a huge business not only in Ethiopia but the world over. One research conducted in the UK states that people have spent over 1,000,000,000 Pounds in the past three years alone.

Close to 1 in 5 people have cracked their screens by dropping them in the same time period and despite this a huge 77 percent of them have no insurance for their mobile phones and only about 56 percent of them cover their mobile phones with protective/hard cases.

Take these statistics and consider how with the explosion of smart phone users in Ethiopia will provide a huge and extremely lucrative business opportunity.

This business can be entered in as a small to medium enterprise or could be invested in to produce a large, modern type of franchise, with a well known brand name.

9. Vending Machines

Vending Machines in Ethiopia

Vending Machines in Ethiopia are a new phenomenon and have been relatively left out of the market. A vending machine is an automated machine that provides various items such as snacks, newspapers, beverages, lottery tickets, cigarettes, etc. to customers after taking their money or credit cards.

A full-line vending company can set up several types of products for their consumers, such as candy, cookies, chips, fresh fruit, milk, cold food (sandwiches), coffee, and other hot drinks.

Seeing the rise of consumers in Ethiopia wanting to eat a quick snack of French fries, an enterprising individual can even setup a vending machine which dispenses hot French Fries.

Start up cost is relatively low, with most machines being made in China and running the business requires only period checkups and maintenance.

Example: Swift Media began their business by buying movie vending machines from China for the low cost of 50,000 ETB or 1,852 USD a machine which they sell for 85,000 ETB or 3,149 USD to interested buyers looking to engage in the business.

They run their own movie vending machines but also sell them out in order to fill the gap in the city for movie renting centers.

Swift Media as so far setup their machines in 5 different locations throughout the city of Addis Ababa and charge about 25 ETB or .93 USD to 300 ETB or 12 USD for the series and movies taken by flash disks.

10. Real Estate

Real Estate in Ethiopia

No list of business opportunities in Ethiopia would be complete without the juggernaut: Real Estate. The real estate market in Ethiopia has been incrementally heating up and not only in the capital city Addis Ababa, but throughout the country.

It has been attracting capital from domestic and foreign investors due to the rapid urbanization and severe housing problems facing the citizens.

The real estate sector has contributed over 12.5 percent to the domestic growth of Ethiopia in the past ten years.

Foreign investors are leading the market, as consumers are seeking more stability and transparency, due to local developers being bogged down by accusations of overpricing and delays.

Being a property developer  is not the only way to amass a small fortune from the Ethiopian real estate. Simply buying property, renting it out for about 6 months to a year then selling it is a great way to optimize the use of your savings in the bank.

Home and land prices have been going up by more than 50% in one year and it is now cheaper to buy property in the developed world than it is in some cities of Ethiopia.

For example a 500 square meter plot in Addis Ababa's Bole area with a demolishable home is selling from 13,500,000 ETB or 500,000 USD to 27,000,000 ETB or 1,000,000 USD. In the Merkato area of Addis Ababa, a 500 square meter plot is selling for 189,000,000 ETB or 7,000,000 USD.

Buying condominiums for cheap, simply but beautifully designing the finishing work, furnishing it and renting it out weekly or monthly to foreigners is also another great way to make use of money sitting in the bank.

Some examples: a standard 300 square meter G+1 villa house in Addis Ababa's  Ayat Real Estate bought for 460,000 ETB or 17,037 USD in 1996 is now selling for 9,000,000 ETB or 333,334 USD to 13,000,000 ETB or 481,482 USD, that's an average of over 2000% increase of value.

As an investor with disposable cash, ones first job is to protect its value, and if the money is sitting in a bank then it is losing value plain and simple.

An example of this is a deposit of 100,000 ETB or 4,486 USD on January 1, 2017 would leave you with about 110,000 ETB or 4,044 on January 1, 2018...a loss of about 10 percent in "real" value.

This makes investing in real estate a wise option to consider when planning on protecting your hard earned cash.

11. Bakery/Pastry Shop

Bakery/Pastry Shop in Ethiopia

With the growth of the Ethiopian economy, disposable income available to individuals is also rising. This has fueled the popularity and boom of pastries and bakeries, as more and more entrepreneurs start baking with their own signature ingredients.

One of the oldest and well known bakeries in Addis Ababa is Enrico Pastry located in Piassa.

They began business in 1954 and have been consistent in their products taste, freshness, and fair price. Most notably, to this day, they hold their recipe with the utmost secrecy.

They provide 8 types of cakes for about 8 ETB or .30 USD a slice, and their torte cake which goes for about 230 ETB or 8.52 USD a kilo.

They bake an average of about 4000-9000 cakes depending if the season is one for fasting or not. Enrico has been used as a guide for newer entrants in the bakery/pastry business in Ethiopia.

Semret Abate began Mulmul Bakery in 1999 using only 1 quintal of flour a day, but today they have 6 branches, over 320 employees, and 104 different kinds of products.

Their products include breads and pastries made from 13 different grains and ingredients, including barley, teff, oats...

Not only is Mulmul respected for their quality and taste by the general public, but large companies also have contracts with them, namely, Ethiopian Airlines and Bambis Supermarket.

Karavan Cafe began with a branch in Addis Ababa's Megenagna area in 2012. They import different ingredient such as powders and flavors, directly from Turkey, to make their 27 different cake varieties, with a slice costing about 16 ETB or .60 USD to 35 ETB or 1.30 USD.

Their business is expanding rapidly and they have now opened a second branch in the exclusive Bole Medhanialem, with plans to open other stores throughout the city.

The keys to becoming successful in the Ethiopian bakery and pastry industry is to consistently have a great tasting and unique product, special attention to hygiene, attractive displays, and great customer service.

12. Garbage Collection Service

Garbage Collection Service in Ethiopia

Taking Ethiopia's capital Addis Ababa as an example for how profitable the Garbage Collection business can be, we see that more than 3 million cubic meters of garbage is created in the city every year.

Institutions account for 18 percent of this garbage, while private households account for 76 percent of this astronomical amount of garbage.

From the 3 million cubic meters of trash, only about 1 million is collected by Addis Ababa's Cleaning Management Agency with their 169 trucks, leaving the business wide open for a public-private partnership to collect the remaining 2 million cubic meters of garbage.

Furthermore, studies show that garbage production per person is to increase to 2.1 cubic meters causing the total yearly amount to increase to 7 million cubic meters.

The government of Ethiopia has allowed the private sector, as well as, small and micro enterprises (SME) to collect the garbage in a partnership system with Cleaning Management Agency cannot.

In 2017, there were only 27 companies representing the private sector and 610 SME's (each with 10 individual members).

For solid waste management and cleaning purposes, the Agency divided the city into 550 zones each containing a curving average of about 900 households.

These zones have been allocated to SME's to serve the households, while private waste collection companies can only collect from public and private institutions.

The Agency now dispenses the 2 ETB or .08 USD it collects from each resident's utility bills to pay 90 ETB or 3.34 USD per cubic meter trash delivered to the landfills. One cubic meter is defined as 330 kilograms.

All in all, the garbage collecting sector is ripe for an enterprising individual to take advantage of the many opportunities available.

13. Entertainment Venue

Entertainment Venue in Ethiopia

Ethiopia is widely considered the capital of Africa and this is proven by the many diplomatic missions, embassies, international organizations, etc. that have made the country their home.

The large number of foreigners and foreign workers, especially in Addis Ababa, need a place where they can socialize, relax, and even hold meetings after a long day at the office.

To cater to these people by opening up a bar, hotel, restaurant or even a night club that targets their specific wants and needs would likely lead to a successful business.

14. Music Industry

Music Industry in Ethiopia

The Music Industry in Ethiopia is very profitable for those that engage in the various sectors within the industry.

Event organizers and promoters make a killing with concerts in Ethiopia; they achieve this by preparing the venue, recruiting performers, and advertising their shows.

In 2017, Jorka Promotion worked their sponsors Habesha Breweries S.C., paid 3,200,000 ETB or 118,519 USD to organize a concert and their performers were paid from 20,000 ETB or 740,741 USD to 500,000 ETB or 18,513 USD depending on their popularity.

Estimates on profit vary from 2 to 5 times the initial investment.

Recording in Ethiopia, is most often not done in an institutionalized and professional manner, with artists or "bedroom producers" creating their music in their homes or small studios.

Ethiopia is a country full of musically talented individuals that have produced great outputs but do not have a clue how to get it out into the world.

The need for well-organized record labels, highly-equipped studios and music training institutions is one of the best investments one can make entering into the music industry.

Music video production is another great sector within the Ethiopian music industry. The music business has changed due to the introduction of YouTube and other video sharing sites.

Instead of recording and selling entire albums, artists are now just releasing singles, one at a time and monetizing the videos online, dependent on the number of views per video.

As the industry becomes more and more reliant on music videos, the question of quality comes in to the picture, and video producers can charge prices ranging from 60,000 ETB or 2,223 USD to about 150,000 ETB or 5,556 USD a video, making it a great way to make money.

15. Private Security Service & Equipment

Private Security Service & Equipment in Ethiopia

In Ethiopia, there is no real legislation that is separately and comprehensively enacted to provide regulations for private security service providers.

As this is a relatively new sector and largely forgotten, there have been a few that have been able to take a lion share of the profits involved in this very lucrative venture.

Established in 1992, Sebhatu & Sons Property Administration and Security Services Plc. is now Ethiopia's leading private security provider with a Level 1 Security and Quality Assurance Certificate from the Ethiopian Federal Police.

S&S provides security solutions to a variety of clients, most of which are diplomatic missions, international institutions, Fortune 500 companies, etc.

Beginning with only 40 permanent staff members in 1992, S&S today has a little less than 3,000 employees which offer deterrence, detection, efficient reporting services, as well as 24 hour emergency availability.

Although most financial information in the private security service business is not revealed, estimates range from a 4-man well-armed and well-trained team protection costing about 40,500 ETB or 1,500 USD to 405,000 ETB or 15,000 USD making it a very profitable venture.

The sale, installation, service, and maintenance of modern IT-based security systems are also in high demand throughout Ethiopia, with clients ranging from supermarkets to private residences.

16. Laundry Service

Laundry Service in Ethiopia

Most Ethiopians today are too busy to take care of simple things such as doing their laundry.

Add to this the growing number of middle income and unmarried people living in apartments and condominiums without any servants and you have a simple business that is very profitable.

Starts up costs consist of buying a couple of washing machines, dryers, pressing irons, and a few other items.

Once this initial investment has been made, then it is a matter of providing great customer service and further expenses are limited to rent, salaries, etc.

17. Driving School

Driving School in Ethiopia

Driving Schools are very profitable as there are an increasing number of students attempting to get their drivers licenses.

Every year there are eager young adults, and even older men and women who do not know how to drive that want to find a way to learn.

Recently, there is public debate going on to take action upon the many illegal methods employed by many of the established driving schools.

In 2012 alone, the Addis Ababa Road and Transport Bureau closed 48 out of the 58 driving schools in the city. It is likely something close to this type of action is inevitable. This would open up the opportunity for people to invest in this business.

The driving school should be above board and obey all pertinent laws; furthermore they should focus on creating good drivers and not only focus on getting them to pass tests.

18. Computer Service and Repair

Computer Service and  in Ethiopia

Problems associated with computers range from viruses, malware, the blue screen of death, hacking, etc. If you have the knowledge and experience in fixing computers, then you can start a computer repair business quickly and fairly cheaply.

Computer repair technicians in Ethiopia earn from about 100 ETB or 3.8 USD to about 800 ETB or 30 USD depending on the issue at hand.

The business is a stable and highly in-demand service that both individuals and businesses need. Ethiopians of all ages and ability have computers that they count on for banking, entertainment, communications, and much more.

Unfortunately, especially for computers connecting to the internet, there are always a myriad of problems, and this creates a ready and steady pool of clients.

Advertising through flyers, word of mouth, reaching out to offices, etc. will get the word out.

This is a great business for someone who has the skills but does not have much in the way of finances.

19. Car Decoration and Accessories

Car Decoration and Accessories in Ethiopia

Recent amendments to the existing regulations in Ethiopia concerning car parts and accessories have opened up a booming business opportunity.

Belay Getachew, owner of Palace Decor located in Addis Ababa's Gullele area started his business with only 80,000 ETB or 2,963 USD and has now grown it to over 500,000 ETB or 18,519 USD.

Car decoration businesses offer many services such as installing mud flaps, tinting windows, bumper guards, gas tank covers, body polish, car alarms, etc.

They import their materials from Dubai and/or China on a credit system since the prices are too high for some to afford.

Taxes paid are also high, since they are considered luxury items but the cost is transferred to the customer, who apparently does not mind, as the business is thriving.

Most of the customers are young individuals who own the popular Toyota Vitz/Yaris/Corolla.

This is a great business for small and medium traders interested in importing and selling the products themselves.

20. Salt and/or Soap Production

Salt and/or Soap Production in Ethiopia

Everyone needs soap and salt, and this is a fact in Ethiopia as it is everywhere else in the world.

At the moment, there are many small and medium entrepreneurs that use a small start up investment to begin their own salt and soap business, some even at home.

Recent blogs

Amhara bank interview questions with answers, how to find fully funded scholarships for ethiopia students 2023, how to find scholarships for college, 15 things to consider before getting a loan, skills all hr managers must have, don't miss out on exclusive stories that will supercharge your career.

Get a weekly dose of inspiration delivered to your inbox

Join ahaduvacancy is an online recruitment solution provider launched in Ethiopia. The website advertises various job types from different employers (including private, local, international, and multinational companies) recruiting in Ethiopia....


50 Best Business ideas in Ethiopia You Can Start Today

By: Author Tony Martins Ajaero

Home » Africa

Doing Business in Ethiopia

Do you want to you start a business in Ethiopia? If YES, here are 50 best small scale business ideas and investment opportunities in Ethiopia you can start.

The economy of Ethiopia is growing stronger with each passing day. This has led to an increase in business opportunities in the country. We have compiled for you a list of the top 50 business ideas that you could consider to make the most of the present economic boom.

Best Business ideas in Ethiopia

1. agriculture and food processing.

This is an important industry in Ethiopia. Accounting for over 85% of employment for the people of Ethiopia, agriculture is vital. There are different types of crops that can be grown in the country ranging from cereals to fibre crops and flowers, to teas and coffee plantations, etc.

Forestry is also an important resource in the country along with fisheries. Also, commercial processing of produce and raw materials gotten from agriculture provides an opportunity for business in Ethiopia.

2. Manufacturing Industry

The Ethiopian economy today provides excellent opportunities in the manufacturing industry, especially in the clothing and textile sector. Other top rising manufacturing sectors to invest in include food and beverages, leather, metallurgy, electronics and so on.

Although, you may require a considerable amount of capital to start a manufacturing firm, it is one of the most lucrative businesses to venture into. Most of the top entrepreneurs out there are owners of successful manufacturing companies and plants.

3. Real Estate

This industry is growing at an alarming rate in Ethiopia. The construction and real estate industry is increasing in demand in all parts of the country.

A simple drive around the country’s capital city Addis Ababa will show you a large number of luxurious apartments and villas occupying previously empty landscapes. This industry is growing every day, providing opportunities for new business aspirants.

4. Vending machines

Vending Machine Business

Most people in Ethiopia are always on the move and would not like to waste precious time in the process of buying things. This has led to an increase in the demand for vendors and their machines.

A vending machine for the sale of small items like drinks, snacks, water, milk, juice, newspapers, cigarettes, etc. can be installed in different strategic places to meet the immediate needs of people on the go. This is a splendid business idea for busy places like a bus terminus, schools or colleges or even a busy residential area in Ethiopia.

5. Milling Plants (Wheat and Maize)

There is a rise in the demand for wheat and maize flour in the country. This is due to the increase in population in Ethiopia.

This has led to an opening for local business opportunities for Ethiopian people. Whether the grains are brought for milling by the customer, or the mills produce flour in large amounts and it is packaged and sold to wholesalers and retailers, this business is quite viable.

6. Event management and Party planning

There is never a dearth of parties in Ethiopia. Several events ranging from company events, religious and entertainment events to weddings, birthdays, etc. take place all the time all around the country. But planning for these events are usually stressful and time consuming.

The organizers of these events may not have the chance to do the planning and would need other people to do it for them. Event planners are usually well paid depending on the size of the event or party. Planning these events can give you an impressive income yearly.

7. Consultancy

If problem solving comes easy to you or friends and colleagues often come to you for assistance or help on certain areas, then you could have a business opportunity in your hands. You can offer your services to people at a stipulated rate.

Companies and business organizations need persons known as consultants, to help them achieve their visions and missions. Even average individuals need help too. All these people and bodies will be willing to pay a fee to somebody that can help them realize their organizational or personal goals.

8. Schools and Colleges

Private School Business

In Ethiopia, the demand for schools and colleges outweighs the supply. There are thousands of school students that take national exams in the country yearly but only a small amount of these students get the admissions they seek. Establishing a school with quality equipment, facilities and seasoned and experienced teachers is sure to meet the demands of these eager students.

9. Coaching

You can make good money in Ethiopia by coaching students. If you are excellent in a certain subject area, then you can coach students or people needing help on that subject area for a fee. You can do this online by creating an online website for yourself, or face to face by meeting your students at their homes or a designated venue.

10. Garbage Collection

Garbage Collection Business

Garbage collection services in Ethiopia are not very efficient. This service can now be provided by private individuals and nongovernmental bodies. You can collect and dispose garbage for residential homes. This can be done for them at a particular rate per month.

There are thousands of homes in Addis Ababa and other cities in Ethiopia where you can collect refuse from and help them properly dispose it. The problem of proper waste disposal is a serious one in the country; you can turn that into an income spinner for you.

11. Janitorial Services

Cleaning is something that should be done regularly. Commercial buildings and residential homes should be regularly maintained. In Ethiopia, a lot of companies and government bodies now contract their cleaning needs to cleaning firms.

These buildings can be cleaned for a monthly fee by you. You can charge higher fees with bigger buildings and vice versa!

12. Government Contractors

All you have to do is register a company and be on the lookout for tenders in daily newspapers and print bulletins. A lot of people have won government contracts worth millions to supply various government needs and supplies. This is an excellent business idea for good income in Ethiopia.

13. Solar panel sales and Repair

Ethiopia gets a high amount of sunshine. You can explore this to your benefit by learning how to make, install and repair solar panels. Although this is a technical sector that needs a lot of hardwork, skills and patience, it is also a viable sector.

However, If you have no interest or love for technology, then this business idea is not for you. It requires the investment of technologically inclined persons and it is a lucrative business.

14. Repair of Mobile devices

Another technical business sector is in mobile phones. You can also learn and acquire excellent phone repair skills. These skills can in turn be used to generate income for you by providing phone repair services for your clients.

15. Agric Value Addition

As stated earlier, the Ethiopian economy is growing very fast and this fast growth is also in the agricultural sector. There is always a demand for food and it has made the agribusiness an extremely viable idea. You can make money for yourself by value addition to agricultural products for example; you can turn milk into yoghurt, cheese, etc. and many other value-added products.

16. Bakery and Fast foods

Bakery Business

Everyone loves baked goods. From corn flour to wheat flour and other forms of flour, Ethiopians love them all. This alone is enough to make you consider dabbling into the baking industry. It is essential however that you get all the information needed before going into the business. This sector is lucrative and open for all types of people regardless of gender.

17. Poultry

Poultry Farming Business

This might sound easy and simple but it really isn’t. It involves the full use of farming and entrepreneurial skills to make it possible. Before starting, you have to determine your proposed market and the type of poultry you want to go into.

Poultry business has two main parts; firstly, Broilers, where the chickens are grown mainly for meat, and secondly, Layers, where the chickens are grown for egg production.

18. Private lesson teachers

You can teach children after school. Several parents out there are busy and cannot afford the fees of home teachers. You can seize this opportunity to organize after school lessons and charge at rates lower than the normal home teacher rates.

This can serve as a way for you to make cool money. Also, you can choose any particular expertise area of yours to teach on.

19. Gardening and Landscaping

Landscaping Business

You can convert your client’s plain backyard into a spectacular view. Though it requires a lot of creativity and training but it also gives good pay. To do this business, you will have to learn a lot and research well to produce the best results for your clients every time. It is a very lucrative business once you have understood the basics and gained expert knowledge of it.

20. Advertising campaign developer

Creating and building contents for your clients is a good way to make money. You can plan and execute beautiful media campaigns, create online content, apps, email distribution, mobile contests, videos and other interesting things for your clients and customers and in turn be paid generously for these services.

21. Freelance Writing

You can decide to become a full time freelance writer to earn income or a part time freelance writer to support a regular income. Also, you can do it for fun or to build your portfolio/skill list. You can get clients to give you jobs and write properly for them to get money for your needs. Writing can be a great business option.

22. Creating Music Videos

Good music sells. This is the reason why the music industry is always booming. If you are a creative person, you can go into music related business by creating music videos for artiste promotion or brand building. This is an industry that is always sure to give high returns as long as you do good work.

23. Child care centers

Daycare Business

Child care centers are a viable business opportunity in Ethiopia. Due to the increasing rate of insecurity as a result of abusive house helps or baby peddlers, more parents are deciding to go with taking their children to child care centers. Also, the busy and hectic daily schedules of many parents have made this business even more profitable.

24. Selling snacks and Drinks

Snacks are convenient in-between meals. They can be consumed anywhere whether at the office, in school, at special events, even during meetings, seminars, conferences, etc. The demand for snacks is never low. Also, snacks are usually served with soft drinks to accompany them. You can sell these soft drinks too. You can go into this business as a source of income generation for you.

25. Start a driving school

Yearly, there are more and more people who desire to know how to drive. Eager teenagers, young adults and even matured men and women who do not know how to drive look for ways to learn. You can establish a place for people to learn how to drive for a token or a fee, hereby providing for yourself a stable source of income. You have to be registered to issue valid certificates.

26. Private security firm

Private Security Business

Setup your own security firm. You can do this by hiring and training able bodied men and women, then deploying them to companies that need them for protection of important infrastructure. Although this business has to be licensed by the stipulated authority, it is a great way to make cool cash.

27. Mobile Store/Office supply

For office workers, it is difficult to go out and get certain things like shirts, wristwatches, perfumes, ties, etc. You can use this as a business opportunity by helping them do their shopping. You can also buy goods and take it to these people in their offices for them to buy from you at a rate set by you. So you can decide what your own service charge will be. This will ensure that you make good profit.

28. Computer sales and repairs

Due to the increase in sales of computers and laptops, there is also an increase in the need for computer repair technicians. This sector is a great business to go into in Ethiopia. You can also offer computer cleaning services too.

29. Appliance repairing

This industry is also lucrative. You can learn how to fix electronics and appliances, get certified and start fixing for people to get paid. It is a great business idea for idle youths in the country.

30. Laundry service

Laundry and Drycleaning Business

We have already established the fact that a lot of people in Ethiopia are very busy and do not have the time for some basic things. This includes time for laundry too. This business will do well whether the economy is bad or not. It is quite easy to start up but yet extremely profitable. You only need a washing machine , dryer, pressing irons and some other little items.

31. Brick Moulding business

Cement Brick and Block Moulding Business

As stated earlier, the real estate industry is growing very fast. The demand for homes is on the increase in Ethiopia and homes are made with brick. This therefore leads to an increase in demand for bricks. One can go into this to generate steady and good income regularly. Getting trained in brick making will however make things easier for you if you are considering this option.

32. E-Book writing

For people that enjoy writing and know the process of making e-books, then E-book writing is an excellent business idea for you. You can write different e-books and then sell them online from your website or on sites like Amazon, Blogger, etc.

33. Employee training and Professional Certification

There is high demand for specialized employee training in the country. A lot of employees require training on various aspects like money handling, customer service, stress management, etc. You can get trained in these aspects and in turn train employees for a fee set by you. This is a great way to make money.

34. Internet Cafe Business

In Ethiopia, people always want to browse the net. You can start an internet cafe business with other added services like online research, printing, photocopy and another computer services. You can even do better by positioning your cafe in a busy area to get more customers.

35. Disc Jockey

DJ Business

Popularly called DJ, this is one profitable business opportunity. Your diverse music compilation can serve as a source of income for you. This job is especially for music lovers and energetic personalities. You can make yourself more valuable by being a DJ and also a wedding planner.

36. Pest Control Business

Pest Control Business

If you need a steady flow of income, then you should think of starting a pest control business. This business involves the removal or eradication of potentially harmful insects, reptile and rodents from farms, residential and commercial properties.

All over the world, and especially in this part of the world, people are becoming more and more aware of removing things that may be injurious to the health. This makes the pest control business very viable.

37. Vehicle Towing

Before going into this business, you have to first of all get a license to operate a mobile towing business. From then on it is game on for you. Although this license is not easy to get, it can help you get the chance to work well with car dealers and property managers to move their business cars, buses or trucks.

38. Cooling Van Business

Ethiopia is a hot country. This makes warm or hot drinks not really in demand, but there is a high want for cold drinks all around the country. You can tap into this to create a business opportunity for yourself. Start a cooling van business. With a cooling van, you can supply cold or even ice drinks to events and parties. This can fetch you good money every week and even every day.

39. Tricycle Transportation

There is a great opportunity for tricycle operators in the country. This is as a result of the special features of tricycles; features like its portability, convenience for hire service, flexibility, efficiency of maintenance, life span and durability, etc. This business opportunity has been widely accepted in the country and it is actually quite viable.

40. Car Hiring

Car Rental Business

This sector is a very lucrative business opportunity. It is even more profitable when it is situated in a strategic location where there is high population of people with numerous commercial and entertainment centers. This business however is quite capital intensive and requires close management. Your vehicles must be up to the required safety standards for you to get good customers and clients.

41. Car washing

It is a normal thing for cars to get dirty but most people do not have the spare time to wash their cars. Providing a professional car cleaning and washing service is a sure way to get steady and regular income in the country. This business requires an open space and the right equipment for a successful startup. You can also hire boys to help you with the washing if you want to start on a large scale. It is not very expensive to set up.

42. Auto Mechanic

This is an important business all over the world. This is due to the fact that cars that break down must get fixed or repaired.

But before you can go into this business, you should know all that pertains to auto repair and its applications. You can do this by getting trained in auto repair or hiring trained hands to work in your auto repair shop or garage. This business is even more lucrative in Ethiopia due to the state of imported cars in the country.

43. Travel agency

Travel and Tour Agency

Travelling and tourism is a big deal for a lot of people. The industry is a major industry in the country. The main stakeholders in this industry are the transport companies including airline, shipping and cruise companies, and also a particular group of people that work in the background to make sure that the travels are comfortable and hitch free. With the current economic boom, it would be a wise move to start a travel and tourism agency.

44. New and second hand cloth business

The clothing business is an industry that is open for exploration. It is made up of small retail stores that sell a wide variety of clothing items. You can go into this industry to make money for yourself. By buying new or second hand clothes from wholesalers and selling in the retail market, you can make profit for yourself and by doing this also give yourself a brand name.

45. Cement Manufacturing

This is another viable business idea that should be looked into in Ethiopia. Although it may be quite expensive to start up, but there is no shortage of demand for your product as it is needed everywhere, especially if you put the price of your product at a reasonable rate.

If you have an abundant source of capital, then do not hesitate to go into this business and open your very own cement manufacturing plant.

46. Soap Making

There is without doubt a very large and expanding market for soaps. Soaps are products manufactured from chemicals and are used for either bathing or washing of clothes, plates, cars and even glass windows. This industry is still expanding and there is more than enough room for new soap makers to come in and market their stuff.

So if what you see is a simple business in the chemical industry that can fetch you steady income, then you should think of going into the business of soap making.

47. Chemical Merchant

The demand for some chemical products has not been met by the supply rate in the Ethiopian local market. This can become a profitable business for you.

All you need to do is to find out about the product that is needed, link up with foreign manufacturers to supply you, seal the deal and sell locally. You can also produce and export chemical products to other countries with great demand for these products.

48. Selling Insurance policies

This isn’t a new idea but it is most certainly a profitable one. You can get information from insurance agents and sell policies to clients thereby attracting a commission fee for yourself.

49. Sell recharge vouchers

This business idea is almost costless to start up, yet it is profitable. You can sell the recharge cards to the public, friends, family members and even colleagues. You can get the vouchers at a cheaper rate from the service providers and sell them to people at the standard rate, thereby making profit for yourself.

50. Start an Entertainment Lounge

There is a high number of foreigners and foreign workers in Ethiopia, especially in Addis Ababa. Most of these people and even locals would need places to relax and unwind after a hard day’s work and on weekends.

You can meet the needs of these fun lovers by starting up an entertainment lounge such as a bar, hotel, casino, restaurant, cinema, night club and so on. There is an infinite number of possibilities here so pick one and set up the business.

These are the top 50 business ideas and opportunities that are quite lucrative and open to you in Ethiopia. Do not hesitate to choose any one you like and start making good money for yourself. Cheers!

Related Posts:

  • How to Start a Business in Kenya With No Money as a Foreigner
  • 30 Best Business ideas in Africa You Can Start Today
  • 10 Best African Countries to Invest or Start a Business
  • 10 Best Business Investment Opportunities in Uganda
  • 10 Best Business Investment Opportunities in Tanzania
  • 10 Best Business Investment Opportunities in Cameroon
  • How to Start a Business in Ghana With No Money as a Foreigner
  • Where We Work

Growing Small and Medium-Sized Businesses in Ethiopia


Ethiopian business opportunities can seem daunting due to the country's expanding economic scene and the fact that the government still needs to develop many sectors.

It opens up an opportunity for individuals that are actively enterprising and hoping to get a more significant piece of the pie that is  Ethiopia 's growing economy.

Especially now with the new reforms taken place by Prime Minister Abiy Ahmed, who is tackling large corporations and opening the door for small to medium traders, producers, and service sector players.

Hard work, dedication, and discipline are the only ingredients an average Ethiopian needs to grow his income and live the life he deserves.

Here are 10 business opportunities that can be helpful for those with substantial financial backing or those with limited savings hoping to start a meaningful and profitable business in  Ethiopia .

small business plan in ethiopia

1. Child Care Service/School

2. brick making, 3. solar panel sales and service, 4. cleaning services, 5. coffee roaster, 6. tailoring and dressmaking, 7. leather goods manufacturer, 8. food processing and packaging, 9. bicycle repair service, 10. mobile phone repair.

Close to 1 in 5 people have cracked their screens by dropping them in the same period, and despite this, a massive 77 per cent of them have no insurance for their mobile phones, and only about 56 per cent of them cover their mobile phones with protective/complex cases.

This business can be entered into as a small to medium enterprise or invested in producing a large, modern franchise with a well-known brand name.

Figure 1 - Visual Representation of Solar Panels Source - Pexel

Solar Energy in Africa and Its Importance

As the country's solar-equipment business grows, solar energy is one of the most easily available resources in Africa. This energy source is a cleaner, and typically less expensive, kind ... Read More »  

How Fintech is Changing the Financial System in Africa

How Fintech is Changing the Financial System in Africa

With the rise of digital technology, African financial services are undergoing a radical transformation. Read More »  

small business plan in ethiopia

Best Coffee Brands Throughout The African Diaspora

These coffee brands have become the biggest sellers, generating huge profits by offering the richest taste and finest flavor to the people of Africa and beyond. Read More »  

small business plan in ethiopia

  Immanuel Burns Johnson is a young and dedicated social media personnel. He was born, raised and schooled in Lagos, Nigeria. His hobbies include traveling, sports, political criticism and mobile games like C.O.D.M. Apart from these; he is also interested in skydiving and aeronautics. He is skilled in web coding and has a trait of hard work. This has helped him become successful in his field at a young age. Read more from Burns Johnson:

Reggae Music The Root And History Of This Genre

Reggae Music: The Root And History Of This Genre

The Reggae music style emerged in Jamaica in the late 1960s and became the dominant style there for many years. Read More »  

The Great Boxer Muhammad Ali And His Journey To Fame

The Great Boxer Muhammad Ali And His Journey To Fame

Here are some of his historical moments, impactful speeches, and acts of social activism. Read More »  

Celebrating African Female Football Ranking The Top 5 Female Players of All Time

Celebrating African Female Football: Ranking The Top 5 Female Players of All Time

From the great players of yesteryear to the current crop of stars, Africa has always been a strong presence in the sport. Read More »  

small business plan in ethiopia

Upcoming Events Near You

Bmec: black men in education convening, purlie victorious, reggaeton old school, dave keyes - reading blues fest, steve guyger & the excellos, ruthie foster plus kevin burt & big medicine- reading blues fest.

small business plan in ethiopia

Biztraction Consulting

43 Profitable Business Ideas In Ethiopia

Ethiopia is a country that offers a range of profitable business ideas ripe for exploration in different sectors, as diverse as food, hospitality, healthcare, education, and technology, to renewable energy. By leveraging the country’s rich cultural heritage, growing economy, and increasing demand for innovative solutions, aspiring or seasoned entrepreneurs looking to tap into the vibrant and evolving Ethiopian market can embark on successful ventures and contribute to Ethiopia’s thriving entrepreneurial emerging industries. Join me as I explore the 30 profitable business ideas that are shaping the economic landscape of this East African gem. 

What We Covered In This Article

Traditional Business Ideas In Ethiopia

Traditional business ideas in Ethiopia have deep roots in the country’s cultural heritage and provide unique opportunities for entrepreneurs to connect with local traditions, craftsmanship, and community values. These businesses often tap into traditional skills, materials, and practices, preserving Ethiopia’s rich cultural legacy while offering products and services that resonate with locals and tourists. 

Business Idea 1: Handicrafts and Textiles Business: 

Ethiopian artisans are esteemed for their ability to create intricate and sophisticated patterns and traditional weaving techniques, including woven baskets, pottery, jewelry, woven fabrics, scarves, traditional clothing, and home décor. Starting a handicraft business allows you to support local artisans and promote their unique creations whose growing market and profitable opportunities are domestically and internationally. 

Business Idea 2: Restaurant Business: 

Ethiopian cuisine is gaining popularity worldwide, such as injera (a sourdough flatbread) and various stews like doro wat and kitfo. Opening a restaurant or food stall that specializes in and serves authentic Ethiopian dishes can be a profitable business, especially in areas with a diverse population with a growing interest in global cuisine can attract both locals and tourists eager to experience the country’s culinary delights.

Business Idea 3: Music And Entertainment: 

Traditional Music and Entertainment in Ethiopia encompass diverse music and dance styles, each deeply rooted in cultural heritage. Business opportunities can be found in creating music groups, establishing dedicated venues for cultural performances, or operating artist management companies to support traditional musicians and artists. By organizing captivating cultural events and concerts, there is potential to attract both tourists and locals, fostering appreciation and engagement with Ethiopia’s rich musical traditions.

Business Idea 4: Medicine and Herbal Products: 

Ethiopia’s traditional medicine boasts a storied past and remains integral to the nation’s healthcare system. With a rising inclination toward organic remedies and skincare products, there is a growing demand for natural and holistic health solutions. By offering these traditional medicinal and wellness products, entrepreneurs can meet the demand for natural alternatives and contribute to the pursuit of healthy living. 

Agricultural Business Ideas In Ethiopia.

Ethiopia recognizes the significance of agriculture as a vital sector, and within it, numerous profitable niche opportunities and innovative approaches are emerging, transforming the industry. There are several agricultural business ideas in Ethiopia that you can explore to create a profitable business.

Business Idea 5: Aquaculture

Ethiopia’s numerous rivers and lakes offer opportunities for fish farming. Establish an aquaculture business to rear and sell popular fish species like tilapia, catfish, or trout to meet the growing demand for fish consumption.

Business Idea 6: Horticulture and Floriculture 

Ethiopia has favorable climatic conditions for horticulture and floriculture. Cultivate high-value crops like flowers, herbs, spices, or specialty fruits for the local market or export them to international markets.

Business Idea 7: Beekeeping and Honey Production 

Ethiopia has a rich beekeeping tradition and diverse floral resources. Start a beekeeping business to produce and sell honey and related products, such as beeswax candles, royal jelly, or propolis.

Business Idea 8: Spice Farming

Cultivate high-value spices like cardamom, turmeric, ginger, or black cumin, which are in demand domestically and internationally. Process and sell them as whole spices or value-added products like spice blends of essential oils.

Business Idea 9: Agroforestry 

Combine crops with trees for sustainable and diversified farming. Growing different types of trees, such as coffee, fruit trees, and timber trees, alongside traditional crops can provide additional income from timber, fruits, and environmental services.

Business Idea 10: Snail Farming 

Snail farming is an emerging niche in Ethiopia. Snails are sought after for their culinary uses and potential in the cosmetic industry. Establish a snail farm to supply snails for local restaurants, hotels, or export purposes.

Business Idea 11: Agribusiness-Tech Consulting 

This consulting involves leveraging technology such as drones and sensors to optimize crop production, value chain analysis, reduce resource wastage, and increase yields. Additionally, a growing market for agricultural machinery and equipment presents opportunities for manufacturing and distribution businesses.  

Tourism and Hospitality Business Ideas in Ethiopia

Ethiopia’s rich history, cultural diversity, historic sites, and stunning landscapes make it a highly-rated destination for tourists. The tourism and hospitality industry is experiencing significant growth, creating various business opportunities.

Business Ideas Within the Hospitality and Tourism Sector In Ethiopia:

Business Idea 12: Eco-Lodges 

One lucrative idea is the development of eco-lodges and resorts in popular tourist destinations. These establishments can cater to domestic and international tourists seeking sustainable and authentic experiences. 

Business Idea 13: Tour Guide Operators 

Specializing in adventure tourism, historical tours, or wildlife safaris can attract niche opportunities that provide unique experiences for travelers. Moreover, the demand for professional tour guides, transportation services, wildlife conservation initiatives, and souvenir shops is in high need, presenting additional avenues for entrepreneurship in the tourism industry.

Business Idea 14: Travel Blogging and Influencer Marketing 

Build a travel blog or become a travel influencer, sharing experiences, information, tips, and insights about Ethiopia to attract tourists and collaborate with tourism-related businesses.

Business Idea 15: Cultural Experiences and Workshops: 

One of the profitable ideas is to offer cultural workshops and experiences where tourists can engage in events like traditional cooking classes, coffee ceremonies, traditional music and dance lessons, or local craft making.

Renewable Energy Business Ideas In Ethiopia

Ethiopia has the potential to be a leader in the renewable energy sector. With its abundant resources and a young, growing population, Ethiopia is well-positioned to develop and deploy new renewable energy technologies.

Business Idea 16: Hydropower Projects

With numerous rivers and the potential for large-scale dams, entrepreneurs can invest in generating clean energy and selling it to the national grid.

Business Idea 17: Solar Energy

The country’s high solar irradiation levels make it an ideal location for solar power generation. Developing solar farms or providing solar energy solutions for residential and commercial use can be highly profitable. The growing interest in bioenergy and geothermal energy creates opportunities for entrepreneurs to invest in these sustainable energy sources.

Business Idea 18: Pet Care Services: 

To cater to the growing pet ownership trend, provide professional pet care services, including grooming, boarding, and training.

Business Ideas in Ethiopia’s Education Sector

Business idea 19: private schools and universities: .

One profitable idea is the establishment of private schools and universities. As the demand for quality education grows, parents desire alternatives to public schools. Entrepreneurs with modern facilities, qualified teachers, and a comprehensive curriculum can thrive in this sector.

Business Idea 20: Vocational Training And Skill Development Centers: 

With the government’s focus on industrialization and job creation, there is a need for skilled workers in various sectors. Entrepreneurs can establish vocational training centers or offer specialized courses to meet this demand.

Business Idea 21: Language School: 

Establish a language school that offers English language training or teaches other languages to meet the demand for language proficiency in Ethiopia’s globalized business environment. 

Business Idea 22: Gym or Fitness Center: 

Open a gym or fitness center that offers state-of-the-art facilities and a range of fitness programs to meet the rising demand for health and wellness services. Personalized training programs should be tailored to individual fitness goals, whether weight loss, muscle building, or overall fitness improvement. Offer specialized classes such as yoga, Pilates, high-intensity interval training (HIIT), or group workouts to cater to diverse preferences and fitness levels. 

Business Idea 23: Real Estate Agency: 

Start a real estate agency that helps clients buy, sell, and rent properties in Ethiopia’s evolving real estate market. Provide comprehensive property management services, including tenant screening, lease agreements, maintenance coordination, and rent collection. Stay updated on the latest market trends, property values, and legal regulations to provide informed advice to clients. For example, you could offer specialized services for residential properties, such as property management, real estate appraisals, or home staging.

Business Ideas In Ethiopia’s Tech Sector 

In Ethiopia, there is a growing need for professionals in the tech space. As technology advances and the digital landscape expands, these business ideas hold significant potential for long-term sustainability and profitability in Ethiopia’s evolving business environment.

Business Idea 24: Web/Software Development: 

Ethiopia is a rapidly developing country with a young and tech-savvy population. It will create a growing demand for web/software development services. As more businesses and organizations recognize the importance of establishing an online presence, there is a growing need for professional web development services. 

Business Idea 25: Mobile App Development: 

Mobile app development is another lucrative business investment in Ethiopia as smartphone usage rises. With a growing population of smartphone users, businesses are seeking mobile apps to engage with their customers, streamline operations, and offer convenient services. 

Business Idea 26: Printing and Stationery: 

Start a printing and stationery service that caters to the diverse needs of businesses, schools, and individuals. Provide a wide range of printing services, including business cards, brochures, flyers, posters, signage, and promotional materials. Offer customization options to clients to ensure their branding and design requirements are satisfied with precision and creativity.

Business Idea 27: Mobile Money Agent: 

Establish yourself as a trusted mobile money agent, facilitating a spectrum of financial transactions for individuals and businesses. This business includes money transfers, mobile banking, allowing customers to send and receive funds quickly and efficiently. Provide bill payment services, enabling customers to conveniently settle their utility bills, school fees, and other recurring expenses through mobile money platforms.

Business Idea 28: Textile And Garment Manufacturing: 

Ethiopia’s cotton wealth and competitive labor costs make it a cost-effective location for clothing and textiles. Exporting these products to international markets can result in significant profits. 

Business Idea 29: Agro-Processing

Ethiopia is known for its agricultural products like coffee, sesame seeds, and spices. In addition to the growing demand for processed agricultural products, there is also a demand for construction materials, pharmaceuticals, and electronics. These industries offer further opportunities for manufacturing and export businesses.

Business Ideas In Ethiopia’s Healthcare Sector

Business idea 30: private clinics and hospitals: .

The healthcare sector in Ethiopia is transforming, driven by increased government spending and a growing middle class. One profitable business idea is the establishment of private clinics and hospitals. With a rising demand for quality healthcare services, entrepreneurs can invest in state-of-the-art medical facilities that cater to local and international patients. 

Business Idea 31: Logistics And Delivery Service: 

As e-commerce grows, there is a need for reliable and efficient last-mile delivery solutions. Entrepreneurs with a robust logistics network or specialized delivery services can capitalize on this growing market. Moreover, there is potential for online marketplaces that connect buyers and sellers in specific niches, such as handmade crafts, organic products, or locally sourced goods.

Business Idea 32: Beauty Salon: 

Launching a beauty salon in Ethiopia offers various opportunities to cater to the growing demand for quality beauty services. By establishing a beauty salon, you can provide a comprehensive range of services that encompass hair care, skincare, and nail treatments, ensuring clients receive top-notch pampering experiences.

Business Idea 33: Export-Import Business: 

Exploring the export-import business allows you to capitalize on Ethiopia’s rich array of unique products, such as coffee, textiles, spices, and agricultural goods, to access international markets and foster economic growth. You can initiate an export-import business that connects Ethiopian producers with global consumers while contributing to the country’s trade and development objectives.

Business Idea 34: Coffee Shop/Business: 

Ethiopia, renowned as the birthplace of coffee and celebrated for its significant coffee culture, presents abundant opportunities in the coffee business. Opening a coffee shop can be a great way to showcase the renowned Ethiopian coffee’s abundant flavors and unique characteristics to local and international enthusiasts.

Business Idea 35: Wholesaling Hair Extension Supplies: 

As the beauty industry continues to evolve, the demand for hair extension supplies is rising. By offering a wide range of high-quality hair extensions, wigs, and related accessories, you can cater to salon professionals and individuals seeking hair enhancement solutions. 

Business Idea 36: Childcare Services: 

Childcare services have significant potential in Ethiopia due to various factors. With an increasing number of dual-income households and a growing middle class, there is a rising demand for quality childcare services. Working parents require a safe and nurturing environment for their children at work. Addressing this need with excellent services sets you up for business success.

Business Idea 37: Cleaning and Laundry Services: 

The increase in urbanization and busy lifestyles in Ethiopia have created a demand for professional cleaning and laundry services. Many individuals and households seek assistance maintaining cleanliness and managing their laundry needs. Starting a cleaning and laundry services business allows you to provide convenient and efficient solutions to these demands.

Business Idea 38: Bread and Pastries: 

Ethiopia’s bakery and pastry industry holds immense potential, driven by a combination of cultural preferences, urbanization, and evolving consumer tastes. Starting a bakery and pastries business allows you to tap into the growing demand for freshly baked goods, artisanal bread, cakes, pastries, and other delectable treats.

Business Idea 39: Blogging: 

With the growing internet penetration, urbanization, and rising digital content consumption, blogging offers an opportunity to share knowledge and entertainment while monetizing through advertising, sponsored content, and affiliate marketing. Focusing on niche topics and building a loyal following can lead to success.

Business Idea 40: Spa: 

Establishing a spa in Ethiopia is a lucrative business idea. With a growing middle class and an increasing focus on wellness and self-care, there is a rising demand for spa services. Offering a range of treatments such as massages, facials, body wraps, and beauty therapies can attract customers looking for relaxation and rejuvenation.

Business Idea 41: Phone and Computer Repairs and Accessories: 

With the expanding use of smartphones and computers in Ethiopia, a repair and accessories service can be profitable. Providing reliable and efficient solutions for various hardware and software issues can cater to the growing demand for device maintenance. 

Business Idea 42: Retail and wholesale: 

Ethiopia’s middle class is expanding, creating new opportunities for retail and wholesale businesses. There are many opportunities for businesses to provide retail and wholesale services, such as supermarkets, convenience stores, and wholesalers.

Business Idea 43: Photography Services: 

Provide professional photography services catering to diverse occasions, including weddings, portraits, events, and commercial needs. The demand for professional photography services in Ethiopia is growing, and you can tap into this market by offering high-quality and creative photography services.

Government Initiatives And Support For Entrepreneurs in Ethiopia

The Ministry of Innovation and Technology . The Ministry of Innovation and Technology (MoIT) is responsible for developing and implementing policies to promote innovation and entrepreneurship in Ethiopia. The MoIT has several initiatives, including the Startup Ethiopia initiative, which aims to create a more conducive environment for startups to thrive.

The government offers tax incentives and financial support through grants , equity investments, and loans to encourage business development. Entrepreneurs can leverage these initiatives and tap into the support system provided by the government. Moreover, the government’s focus on infrastructure development, improving the ease of doing business, and attracting foreign investment creates a conducive environment for entrepreneurial ventures.

The Ethiopian government has strengthened intellectual property rights protection, ensuring entrepreneurs and startups can safeguard their innovations and ideas. Thus, it encourages innovation and provides a secure environment for business growth. The government has set up entrepreneurship development centers in the country to provide training, mentorship, and advisory services to support entrepreneurs. These centers offer programs and workshops on business planning , market research, financial management, and other essential skills.

There are also a large number of NGOs and private sector organizations in Ethiopia that are working to support entrepreneurship and startups. These organizations offer various services, such as training, mentorship, partnership, and funding. These organizations provide several services, which include: training, partnership, mentorship, investment, and networking opportunities.

Potential Challenges and Considerations for Starting a Business in Ethiopia

While Ethiopia offers a wealth of business opportunities, there are also challenges and considerations that entrepreneurs need to be aware of. One challenge is the bureaucratic processes involved in starting and operating a business. Navigating the legal and regulatory framework can be time-consuming and complex. Entrepreneurs should seek legal advice and ensure compliance with local laws. 

Another consideration is the availability of skilled labor. While Ethiopia has a young and growing workforce, There may be a mismatch between the demand and supply of specialized skills. Entrepreneurs should invest in training and development programs to bridge this gap. 

Access to finance can also be a challenge for startups. Entrepreneurs should explore alternative funding options such as angel investors, venture capital, or crowdfunding platforms. It is essential to conduct thorough market research and feasibility studies to mitigate these challenges and increase the chances of success.

Cities With Good Business Opportunities 

These cities provide conducive environments for businesses to thrive, with supportive infrastructure, access to markets, skilled labor pools, and growing consumer bases. It is essential to do your homework before starting a business. It includes conducting thorough market research, understanding local regulations and business practices, and assessing specific opportunities and challenges in each city.

Addis Ababa: 

The capital of Ethiopia, Addis Ababa, is an economic hub with a diverse range of industries. It is home to the Ethiopian Stock Exchange, the headquarters of many multinational companies, and some universities and research institutions.

Dire Dawa: 

Located in eastern Ethiopia, it is a major industrial and commercial center. It has a strategic location as a transportation hub, connecting Ethiopia to neighboring countries. Dire Dawa offers opportunities in manufacturing, logistics, trade, and services.

Hawassa has experienced rapid economic growth in recent years. It is known for its industrial parks, attracting investments in textile and garment manufacturing, agro-processing, and other industries. The city also offers opportunities in hospitality, construction, and retail.

In the Oromia Region, Jimma is a rapidly developing city with diverse business opportunities. It has a robust agricultural foundation in coffee production and offers prospects in agro-processing, tourism, and education.

In the Oromia Region, Adama (previously known as Nazret) is an industrial city with a growing economy. It is known for its textile and garment manufacturing, food processing, and trade activities. Adama benefits from its proximity to Addis Ababa and its strategic location along major transportation routes.

Bahir Dar: 

Located near Lake Tana in the Amhara Region, Bahir Dar is a popular tourist destination and a growing business center. It offers opportunities in the hospitality sector, as well as agricultural processing, construction, and education.

As the capital of the Tigray Region, Mekelle is a vital economic center in northern Ethiopia. It has a strong focus on industries such as textiles, construction materials, agro-processing, and manufacturing. Mekelle is also home to Mekelle University, contributing to its vibrant academic and research environment.

Editors Thoughts

These are just a few of the many profitable business ideas in Ethiopia. Your best business will depend on your skills, interests, and resources. However, success in this dynamic market requires careful planning, adaptability, and a deep understanding of the user intent. Before you start exploring the ideas, here are some additional factors to help when choosing a business to start in Ethiopia:

  • The size of the market. How big is the audience for your product or service?
  • Who is your target audience?
  • The competition. How much competition is there in your industry?
  • The cost of doing business. How much will it cost to start and run your business?
  • The government regulations. What government requirements do you need to comply with?
  • Political stability. How stable is the political situation in Ethiopia?

After considering these factors, you can narrow your options and explore the perfect business idea that is good for you. 

Image Credits: All images on this website are sources from Getty Images, Pexels and Unsplash.

' src=

Amarachi C.

Amarachi Celine Chima fulfills the role of a Personal Assistant to the COO and Co-Founder of Zuri Health, while also working as an SEO Content writer and having a strong enthusiasm for digital marketing. With a background in Economics, and a diverse experience in both the retail and hospitality sectors, I am dedicated to utilizing my abilities to create value for others. My interests encompass reading, music, dancing, writing, traveling (exploring new adventures), and cooking.

You may also like

Modern manufacturing business ideas, top 25 sports business ideas, construction business ideas, business to start with 10k in malaysia, 27 business ideas for modern nursing practitioners, college town business ideas.

Privacy Policy

Terms of Use

Learn how to Be financially independent

10 small scale business ideas & opportunities in ethiopia.

November 7, 2023 Dominic Onyedikachi Ethiopia 0

10 Small Scale Business Ideas & Opportunities In Ethiopia

What are the best Small Business Ideas And Opportunities In Ethiopia? What are the excellent and top business opportunities in Ethiopia For Ethiopians? In this Article, You will find out How.

African Countries, especially Ethiopia, are good places to set up a business. As a student, graduate, employed or unemployed, It is always advisable to have different income streams and business ideas that will be a backbone .

Unemployment will be reduced if Ethiopians are more Problem solvers (ENTREPRENEURS) Rather than problem creators; that’s the purpose of this Article.

Are you looking for a list of business opportunities in Ethiopia? Then you are at the right Article. Doing Business in Ethiopia will yield you profit. If you are Ethiopian planning to start a business in Ethiopia, Below are the 10 Small Scale Business Opportunities;

Table of Contents

10 Ideas and Opportunities in Ethiopia

small business plan in ethiopia

  • Diesel Supply

One of the most lucrative industries in Ethiopia is Oil and Gas. This Diesel Supply Business is lucrative and has many people making billions.

One of the most lucrative areas in the world is the oil and gas industry. It is a significant contributor to Ethiopia’s economic output and a critical factor in economic development. This industry is still a major source of income for the country. However, some people are creating interesting businesses out of it.

10 Small Scale Business Ideas & Opportunities In Gabon

Web browsing has become a daily habit for many people, whether for entertainment, Business, or education.

People with internet access spend hundreds of millions of hours each day. Others don’t have internet access but spend another hundred million hours at Cyber Cafe .

Up until now, operating a cyber café has been expensive.

Before you can talk about paying for bandwidth, you will need to invest heavily in broadband and buy large infrastructure.

small business plan in ethiopia

  • Restaurant Business

Ethiopia’s restaurant industry has been making millions for decades. There will always be a demand for restaurants. This opportunity is available to you. Start your Ethiopian restaurant business today.

One of the most profitable start-ups is the Ethiopian restaurant business. This is due to the worldwide hunger for food. It’s a lucrative business that can be built and restructured and one of the most recession-proof business ideas.

10 Small Scale Business Ideas & Opportunities In Gabon

  • Barbing Salon

The Barbing Salon Business is one of the most lucrative in Ethiopia. This Business is a lucrative one that has many people making millions and thousands of dollars.

One of the best business ideas is to open a barbing salon. This Business is both lucrative and fun.

A good barbershop will always be able to attract new customers, even during a recession. Human hair won’t stop growing because the economy is slowing down.

small business plan in ethiopia

  • Hotel Business

Another lucrative business in Ethiopia is the hotel industry. This article will explain how to open a hotel in Ethiopia.

The hotel and hospitality industry is a lucrative one. You can get involved in it today.

A small hotel is a great way to start. It doesn’t need to be huge. Just a small lodge, beer parlor, and small restaurant.

Ethiopians love to spend much on merriment, good life, and entertainment. The hotel business is one way they can get that heavy spending.

small business plan in ethiopia

  • Agriculture

Agriculture is the backbone of human existence. It has supported mankind throughout the ages. It is the backbone of human survival – without it, there would be no food for us to eat or raw materials for different industrial uses. Agriculture allows us to produce enough food for ourselves as well as others. This will make us wealthy and prosperous.

Ethiopia’s agriculture is still a very lucrative source of income. This is due to the country’s abundance of farmable land and the increase in annual entrants. Due to the industry’s many benefits, the government took immediate action to offer several incentives to existing and new farmers.

According to some, man’s entire life revolves around agriculture and nature. Why do most people prefer to invest in services and products that are less sustainable?

small business plan in ethiopia

  • GSM Recharge Card Business

Are you looking to start a profitable recharge card business in Ethiopia?

We are happy to inform you that the Recharge Card Business is a lucrative business opportunity in Ethiopia.

It is important to note that the recharge card industry is a multi-billion dollar business.

10 Small Scale Business Ideas & Opportunities In Gabon

  • Football Viewing Center

Start your football viewing center today and start making serious money.

Have you ever considered making a living from football fanaticism? A great group of football fanatics is available to assist you if yes.

You are just one step away from making money by supporting football. The next step is on good soil.

Fans gather in large numbers to support their team, and the gathering is not limited to the stadium. This is one of the most lucrative Businesses in Ethiopia.

small business plan in ethiopia

  • Transportation Business

The age of entrepreneurship is upon us.

Everybody wants to be a self-employed person or have an additional source of income.

Transport business is one of the most popular business ideas in Ethiopia.

Why? It is simple: everyone in Ethiopia needs transportation.

Visualize the daily road traffic.

Many people use the road to commute between their homes and work.

Other people use transport to move goods between places.

We should also consider how many intercity trips are made each day. This Business is a success because of all of these factors.

To Start A Grocery Provision Store In Nigeria

  • Grocery Provision Store

It is a good idea to start a provision store, given how lucrative and profitable it can be.

Owning a shop or space to stock basic household products and other items is a business.

This Business involves purchasing goods in bulk at wholesale price and then selling them to customers at retail prices to make profits.

This Business is not very expensive. You will only be selling basic household goods cheaper than major supermarkets.

10 Ethiopia Business Opportunities That Are Profitable

If you are looking for a profitable business opportunity in Ethiopia, this list of 10 business opportunities will help you find it.


The number of schools and colleges in Ethiopia is insufficient, given the nation’s demand. If you can start a standard school or college that can take care of the educational needs of the students who take the national exam every year, you can go ahead as this Business is very profitable.


With the proper knowledge, running a poultry farm in

Ethiopia is very profitable, as seen by people already in the Business. A poultry farm requires that you gain enough knowledge before venturing into it.


You can start selling solar panels to engineers who fix them for individuals, or you can gain the knowledge and sell and fix them yourself. Acquiring the skills does not take time as it is not too technical.


It would help if you looked at doing this Business in a big way, not teaching yourself. Get some educated unemployed, trusted individuals to work under you, rendering this service to homes under your

company name. This will require you to register a company name and get an office.


The need to hit the road will always be there when they come of age. You can start a school that teaches people how to drive cars.


The choice of location will determine if this Business succeeds. You should choose a site with working-class people who don’t have time to do their laundry.


This Business will also require that you choose your location carefully if things work well.

Your customers will be car owners, so you should target where you have cars to set it up.


Though this will require you first to spend the time to gain the skill, if you get to do that, then you are good to start making money. It is not also capital intensive.


For an individual who wants to host some people for any event or party, the need to put everything in place and control is essential. You can fill in here and get paid for taking the burden.


You can bake a lot of foods for public consumption.

This Business will require skill and labor; it is also capital intensive so try to get significant capital before venturing into it.

These are the top 10 Ethiopia business opportunities that are very lucrative. Invest today and enjoy tomorrow!!!.

  • Business Ideas & Opportunities In Ethiopia

Be the first to comment

Leave a reply cancel reply.

Your email address will not be published.

Save my name, email, and website in this browser for the next time I comment.

Copyright © 2023 | WordPress Theme by MH Themes

Privacy Overview

  • Skip to main content

Advancing social justice, promoting decent work

Ilo is a specialized agency of the united nations, start your business (syb), business plan. amharic.

  • Participants
  • Business Hub
  • Get in Touch
  • Participation
  • Teams Portal
  • SharePoint Portal (trainers only)

Business Plan

YEP focuses on group and management skills, but also individual skills such as preparing your own business plan. The knowledge, expertise and skills you have learned through YEP will give you the tools to create this plan for your organization. This business plan will challenge you as you will need to incorporate innovative and creative ideas. Business plans can include an introduction to a new product, launch of a unique service, or the plan to acquire a new market. They are a way to add value to your employers’ business and will describe how the new ideas will affect the various functions and finances of the organization. YEP trainers, your personal coach and your employer will support you and be involved in this challenging exercise. The business plan that you create will be developed over the course of the two-year program and will be presented to the examination committee upon completion of the course.

Other Components

Training courses, simulations, professional skills, personal development plan.


Ethiopia's First and Largest Blog Network

20 Best Small and Big Business Opportunities in Ethiopia for 2023

ethiopia business opportunity

Ethiopian Business Opportunities

Great business ideas in ethiopia.

blockchain bitcoin cryptocurrency in ethiopia

Blockchain, Bitcoin and Cryptocurrency in Ethiopia: The Million Dollar Return

1. Building Management

ethiopia business opportunity building management

2. Child Care Service/School

ethiopia business opportunity childcare service school

Continuing the theme of business opportunities in education, it is worth mentioning the option of providing online help to students and schoolchildren. This can be assistance in writing essays on various topics, as is organized on the website studycrumb . It is also possible to give online lessons to schoolchildren and students for an hourly fee, etc. The field of education provides many business opportunities even with minimal investment, which suits many people.

3. Brick Making

ethiopia business opportunity brick making

4. Solar Panel Sales and Service

ethiopia business opportunity solar panel sales

Add to this initiatives put in place by the US government for Africa, Ethiopians can import them with incentives.

5. Cleaning Services

ethiopia business opportunity janitorial contracting service

6. Consultancy Services

ethiopia business opportunity consultancy service

7. Advertising Agency

ethiopia business opportunity advertising agency

8. Mobile Phone Repair

ethiopia business opportunity mobile phone repair

9. Vending Machines

ethiopia business opportunity vending machines

10. Real Estate

ethiopia business opportunity real estate

11. Bakery/Pastry Shop

ethiopia business opportunity bakery

12. Garbage Collection Service

ethiopia business opportunity garbage collection service

13. Entertainment Venue

ethiopia business opportunity entertainment venue club

14. Music Industry

ethiopia business opportunity music industry

15. Private Security Service & Equipment

ethiopia business opportunity private security service equipment

16. Laundry Service

ethiopia business opportunity laundry service

17. Driving School

ethiopia business opportunity driving school

18. Computer Service and Repair

ethiopia business opportunity computer repair service

19. Car Decoration and Accessories

ethiopia business opportunity car decorations accessories

20. Salt and/or Soap Production

ethiopia business opportunity salt soap factory

Get a FREE self-help EBOOK that gives you the KEYS to a GUARANTEED SUCCESSFUL LIFE!

Most viewed posts.

full ethiopian movies

Ethiopian Movies

fana tv live news streaming ethiopia today small

Fana TV Live

amharic books

Free Amharic Books

ethiopian business directory

Ethiopian Business Directory

ethiopian mekina

Ethiopian Mekina - Buy & Sell

best ethiopian web designers

Best Website Designers in Ethiopia

make money online in ethiopia

Best Way to Make Money Online in Ethiopia

best insurance companies in ethiopia

Best Ethiopian Insurance Companies

lawyers in ethiopia

Best Ethiopian Lawyers

best banks in ethiopia

Best Ethiopian Banks

ethiopian traditional clothes habesha kemise

Best Modern/Traditional Habesha Kemis

ethiopia business opportunity

Best Small/Big Ethiopian Business Opportunities

blockchain bitcoin cryptocurrency in ethiopia

Ethiopian Bitcoin: The Million $$ Return

ethiopian real estate companies and developers

Best Ethiopian Real Estate Companies

how to use cbe birr to pay utilities water electricity tele dstv traffic

How To Use CBE Birr to Pay Utilities

satellite dish frequencies ethiopia

Ethiopian Satellite Frequency

top ethiopian betting sites for sports small

Top Ethiopian Betting Sites

ethiopian passport renewal online small

Ethiopian Online Passport Renewal/Application

Live ethiopian tv.

fana tv live news streaming

Fana TV Live Streaming

walta tv live news streaming

Walta TV Live Streaming

addis tv live news streaming

Addis TV Live Streaming

ahadu tv live news streaming

Ahadu TV Live Streaming

esat tv live news streaming

ESAT TV Live Streaming

kana tv live streaming ethiopia today

Kana TV Live Streaming

etv live news streaming

ETV Live News Streaming

etv entertainment live streaming

ETV Entertainment Meznagna Live Streaming

nahoo live streaming

Nahoo TV Live Streaming

moe tv ethiopia ministry of education live streaming

MoE TV Ministry of Education Ethiopia Live Streaming

arts tv live streaming

ARTS TV Live Streaming

ltv live streaming

LTV Live Streaming

amhara tv live

Amhara TV Live Streaming

obn tv oromia live streaming

OBN TV Oromia Live Streaming

tigray tv news live streaming

Tigray TV Live Streaming

Live ethiopian radio.

ethiopian fm radio and ethiopian internet radio podcasts

Ethiopian FM Radio, Internet Radio & Podcasts

afro fm 105.3 ethiopian radio fm

Afro FM 105.3

sheger 102.1 fm ethiopian radio fm

Sheger 102.1 FM

ahadu fm 94.3 ethiopian radio fm

Ahadu 94.3 FM

ebc 104.7 fm ethiopian radio fm

EBC 104.7 FM

bisrat 101.1 fm ethiopian radio fm

Bisrat 101.1 FM

rahel radio zeno fm ethiopian radio fm

Rahel Radio Zeno FM

fbc 98.1 fm ethiopian radio fm

FBC 98.1 FM Fana

mirt internet radio ethiopian radio fm

Mirt Internet Radio

esat internet radio ethiopia

251 Radio Ethiopia

awash zami 90.7 fm radio ethiopia

Awash Zami 90.7 FM Radio

ethiopialink radio ethiopia

EthiopikaLink Radio

voice of ethiopia radio

Voice of Ethiopia Radio

ebc 97.1 fm ethiopian radio

EBC FM Addis 97.1

Post categories.

  • Business in Ethiopia (14)
  • Job Vacancy (16)
  • News & Opinion (12)
  • Entertainment (8)
  • Lifestyle (17)
  • Must Know (21)
  • Technology (5)
  • Recipes (16)
  • Travel (14)
  • Useful Info (19)
  • Culture/Tradition (11)
  • Languages (5)
  • Historical Figures (25)
  • World Heritage (1)
  • Lawyers (4)
  • Investment (9)
  • Property (6)
  • Journals (1)

Related Post

15 of the richest ethiopians and their successful companies (2020), 10 incredible things to know about ethiopian birr, ethiopian government offices-list-contact.


  1. Best 25 Small Business Ideas in Ethiopia for 2023

    small business plan in ethiopia

  2. Example Of Small Business Plan In Ethiopia Pdf

    small business plan in ethiopia

  3. Example Of Small Business Plan In Ethiopia Pdf

    small business plan in ethiopia

  4. how to start a business in Ethiopia and follow your passion

    small business plan in ethiopia

  5. [36+] Sample Business Plan Pdf In Ethiopia

    small business plan in ethiopia

  6. ለንግድ ስኬት የሚረዳ @ErmitheEthiopia simple business plan in Ethiopia

    small business plan in ethiopia


  1. Small business in ethiopia #ethiopia

  2. ARE YOU READY TO BUY A BANK?|Arts Business Cafe|Ethiopia's Capital Market@ArtsTvWorld

  3. Best business idea in Ethiopia right now

  4. Low capital small business plan with paper plate making machine for sale at Best price in proddatur

  5. በትንሽ ካፒታል ከቤታችን ሳንወጣ |በትርፍ ሰዓታችን የምንሰራቸው አትራፊ ስራዎች እና መስሪያ ማሽኖች |Business idea| profitable business

  6. New small business plan // very low investment business in telugu


  1. The 78 Best Business Ideas In Ethiopia [2023]

    Looking for small business ideas in Ethiopia? This web page lists 78 of the best businesses you can start in Ethiopia today, from home-based to online, low investment to high profit. Each business idea has real-world examples, revenue expectations, and a step-by-step guide on how to start your small business in Ethiopia.

  2. 44+ High Profit Small Business Ideas in Ethiopia {2023}

    An African Developing Country, Which is Growing Rapidly in Terms of Infrastructure and Modern Technology, So Here Are All the Profitable Small Business Ideas in Ethiopia. The Growing Ethiopia Economy Many Opportunities to Start Any Business for the Locals and Foreigners.

  3. 33 Best Small Business Ideas in Ethiopia (2023) With Good Profit

    12/10/202330/05/2023 by Mr Das There Are Many Small Business Opportunities to Start in Developing Countries as Most of Them Re Not Saturated Yet So Here Are All the Small Business Ideas in Ethiopia 2023.

  4. 50 Most Profitable Business ideas in Ethiopia [2024]

    If you are serious about starting a business in Ethiopia, the following is a list of the top ten best opportunities for small businesses that you may look into: 1. AC Installation

  5. Best 25 Small Business Ideas in Ethiopia for 2023

    Start a Small Manufacturing Business in Ethiopia There is a wide scope for small-scale manufacturing businesses to prosper in Ethiopia. As a matter of fact, there is a big number of successful business owners in Ethiopia in the manufacturing industry.

  6. The 28 Most Profitable Small Business Ideas in Ethiopia

    Are you looking to start a small business in Ethiopia but don't know where to start? You don't have to miss this researched piece of content, where we explore some of the most profitable small business ideas in Ethiopia that you can start with minimal investment.

  7. PDF Guide to Doing Business and Investing in Ethiopia

    EXECUTIVE SUMMARY ETHIOPIA IN BRIEF With one of the fastest growing economies in the world, Ethiopia is a country on the cusp of transformation. From 2003/04 to 2013/2014, real gross domestic product growth averaged 10.9 per cent per year, compared to the regional sub-Saharan average of 5.4 per cent (World Bank).

  8. 20 Best Profitable Business Ideas in Ethiopia 2023

    1. Building Management Building Management is a business that is also sometimes called facility management. The building management company is responsible for supervising the hard and soft services of a residential or commercial building.

  9. 20 Best Small and Big Business Opportunities in Ethiopia

    Ethiopian Business OpportunitiesGreat Business Ideas in EthiopiaEthiopian business opportunities can seem daunting due to the country's expanding economic sc...

  10. 50 Best Business ideas in Ethiopia You Can Start Today

    Do you want to you start a business in Ethiopia? If YES, here are 50 best small scale business ideas and investment opportunities in Ethiopia you can start. The economy of Ethiopia is growing stronger with each passing day. This has led to an increase in business opportunities in the country.

  11. Growing Small and Medium-Sized Businesses in Ethiopia

    Growing Small and Medium-Sized Businesses in Ethiopia. ADDIS ABABA, February 19, 2015 -- The private sector is expected to play a key role in Ethiopia's journey to become a middle income country in the next decade. However, Ethiopian firms face significant financial constraints, because financial institutions do not accommodate their needs, a ...

  12. Coffee Shop Business Plan in Ethiopia

    BUSINESS PLAN OWNERS: Business Name: Address: City, State, ZIP: Telephone: Cell Phone: Fax: Email: I. TABLE OF CONTENTS I. Table of Contents [page 1] II. Executive Summary [page X] III. Business Description [page X] IV. Market Analysis [page X] V. Marketing Plan [page X] VI. Operations and Management Strategy [page X] VII.

  13. 10 Small and Medium Business Opportunities in Ethiopia for 2023

    10 Small and Medium Business Opportunities in Ethiopia for 2023 Feb 23, 2023 10:00AM By Burns Johnson Ethiopian business opportunities can seem daunting due to the country's expanding economic scene and the fact that the government still needs to develop many sectors.

  14. 43 Profitable Business Ideas In Ethiopia

    Business Idea 1: Handicrafts and Textiles Business: Business Idea 2: Restaurant Business: Business Idea 3: Music And Entertainment: Business Idea 4: Medicine and Herbal Products: Agricultural Business Ideas In Ethiopia. Business Idea 5: Aquaculture Business Idea 6: Horticulture and Floriculture Business Idea 7: Beekeeping and Honey Production

  15. PDF The Small for Profit Business Model and Environmentalism in Ethiopia

    A "microenterprise" is a small business that employs a small number of employees (Gebreeyesus, ... The Growth and Transformation Plan (GTP) for 2010/11-2014/15, Ethiopia's new five year plan, sets even higher growth and investment targets" (Engida et al., 2011, vi). Ethiopia's natural resources are decreasing but the government is ...

  16. 10 Small Scale Business Ideas & Opportunities In Ethiopia

    10 Ethiopia Business Opportunities That Are Profitable. If you are looking for a profitable business opportunity in Ethiopia, this list of 10 business opportunities will help you find it. TEACHING INSTITUTION: The number of schools and colleges in Ethiopia is insufficient, given the nation's demand.

  17. Start Your Business (SYB), Business Plan. Amharic

    Learn how to write a business plan for a small business in Ethiopia with this instructional material in Amharic. The material covers the key elements of a business plan, such as the executive summary, the market analysis, the financial analysis and the implementation plan.


    1.6 Procedures for Development of a Business Plan 3 1.7 Business Plan Format 4 1.8 What does this Guidance Manual consist of? 5 2 THE BUSINESS PLAN PROCESS 6 2.1. General 6 2.2. Steps in Business Plan Process 8 2.2.1. Step 1 - Identify Critical Issues and Prioritize Interventions 8 2.2.2. Step 2 - Prepare the Business Plan 8 2.2.3.

  19. PDF እዝል 8 የቢዝነስ ፕላን (እቅድ ...

    1 እዝል 8 የቢዝነስ ፕላን (እቅድ) ዝግጅት (ከአማራ ክልል የቴክኒክና ሙያ ኢንተርፕራይዝ ልማት ቢሮ የተገኘ)

  20. Business Plan

    Business Plan. YEP focuses on group and management skills, but also individual skills such as preparing your own business plan. The knowledge, expertise and skills you have learned through YEP will give you the tools to create this plan for your organization. This business plan will challenge you as you will need to incorporate innovative and ...

  21. Small Scale Garment Manufacturing in Ethiopia Business Plan

    To survive in the business, Players in the clothes manufacturing industry and related businesses thrive on creativity, branding (media hype) and good marketing. The Ethiopia readymade cloth market is dominated. by big foreign companies of Chinese and Turkish origin and local big garment manufacturing. 4.

  22. Free Sample Business Plan In Ethiopia

    a business plan for a privately-held. commercial. teff grain farm in Ethiopia that aims to empower smallholder Ethiopian farmers by providing them with a living wage while enabling them to...

  23. 20 Best Small and Big Business Opportunities in Ethiopia for 2023

    20 Best Small and Big Business Opportunities in Ethiopia for 2023 — allaboutETHIO 20 Best Small and Big Business Opportunities in Ethiopia for 2023 Must Know Ethiopian Business Opportunities Great Business Ideas in Ethiopia