Starting a business from the ground up is an exhilarating feeling, but often, budding entrepreneurs don’t know where to start. There is no set sequence for where to begin your entrepreneurial endeavours, but if you do need some inspiration or guidance; we’ll give you some tips on how to start your company, all the way to registering your business and being legit.

The quickest and most accessible way to bring your entrepreneurial ambitions to fruition is by starting an online business. The internet makes entrepreneurship and scalability more accessible for small business owners. Starting your online business and growing it with little to no capital is possible; you just need to invest the time and stay committed.

The COVID-19 pandemic had a very negative impact on the majority of South African households. The country is currently at lockdown level 1, and the majority of economic activity has resumed. People are getting back on their feet and are looking for new opportunities – now is the most favourable time to spot a gap in the market and start your own business. Keep reading if you’ve ever asked yourself the following questions:  

How much does it cost to open a company in South Africa? 

How do you start a business in South Africa? 

How can I open a company? 

How can I start a small business with no money? 

What is the easiest business to start? 

How do you start a business in South Africa? 

Starting a business in South Africa is easy; all you need is a marketable product or skill, and a website. The internet allows you to start your business from home, with minimal capital – all you need is an internet connection and a computer. Gone are the days of renting office space or having to invest a lot of money into starting a business. You can start with what you have right now and scale as the business grows.

What are you selling? 

Starting a business based on your interests is beneficial because you’re most likely to enjoy whatever business you start and be inclined to keep at it. After all, it’s something you’re naturally interested in. Study yourself and your interests when choosing an industry; choosing something that you’re passionate about or already possess the skillsets for, is ideal. Your product or service should:

  • Solve a problem
  • Fill a gap in the market
  • Have a unique selling point or point of view

Prepare a cohesive business plan that will ensure that you reach your goals and stay on track.

Get a website 

A website is your online business’ address; that is where customers are going to find your business, view your product or service offering and transact.

  1. Register a domain: your domain name is your business’s address on the internet. At this point, you should have a company name in mind but make sure that it is; memorable, concise and scalable. 
  2. Choose a web hosting package: web hosting allows your site to be live on the internet and is essentially where your website will live. 
  3. Build your website: Website Builder is an essential tool for small e-commerce websites. It allows you to build your website with easy drag-and-drop functionality, add products, and manage your business from your phone with our mobile app

Market your business

Now that you have a functioning website; you’ll need to market your business to acquire customers. Social media is a cost-effective marketing tool that will take your company to new heights. Create your company’s social media pages and put together a marketing strategy to track progress. Your business’s social media presence should achieve the following:

  • Establish and maintain relationships with your customers;
  • Be accessible for customer queries;
  • Provide compelling content for your audience; and
  • Showcase your product or service.

How much does it cost to open a company in South Africa? 

Starting a business in South Africa can be as little as registering a domain for under R99 a year, a website builder from R109 a month and web hosting from R99 a month. To score a free domain, you can opt for the Medium Online Store Builder – it has e-commerce capabilities that allows you to upload up to 10 products.

How can I start a small business with no money? 

You can start with a small investment of R99 to register your domain for a year and then R209 a month (for web hosting and web builder) to keep your website live on the internet. If you are unemployed, you can use a portion of your SASSA Unemployment Grant to get your business off the ground.  

What is the easiest business to start? 

The easiest businesses to start are online businesses that render services for a skill that you already possess or can easily acquire. Here are a few examples of the easiest businesses to start from home:

–         Website Design Company

–         Reseller Web Hosting

–         Blogging

–         Online Tutoring

–         YouTube Channel

–         Freelance Writer or Content Creator 

–         Affiliate Marketing

Once your business is off the ground, you’ll need to register it with CIPC – this is important to protect your intellectual property, attract investors and if you are seeking government funding, being a registered business is essential.  1-grid offers easy online company registration, you submit the documents and we’ll do the rest. Plus we throw in a free domain for your business.