How to Start a Business for Under R500

Starting a business doesn't need to be expensive. In fact, there are ways you can start a business for under R500. Find out how and get started today!

Introducing a new opportunity that’ll help you start a business for under R500 today.

Start a business for under R500
Photo credit: Leon Ell’ 

You’re probably wondering if it’s even possible to start a business for under R500. While 2020 may have dealt us one of the biggest global economic shake-ups that we’ve seen in a long time, it’s also presented opportunities.


We work with entrepreneurs every day to help them start, run and grow their businesses. In recent months, we’ve seen an incredible resurgence in South Africa’s entrepreneurial spirit. Small business owners have fired up a variety of projects – from small side hustles to fully-fledged enterprises – and they’re doing it on the cheap.


I know you came here to find out how to start a business for under R500, but before I get into your next big business idea, I’d like to share a couple of insights I’ve picked up from small businesses owners who are doing great things in tough circumstances.


#1 There’s No Perfect Time to Start


The present is unpredictable, let alone the future. If you want to be an entrepreneur, don’t wait for tomorrow – start today. It’s a tough journey, filled with ups and downs. The road to success is long, but the sooner you begin, the closer you’ll be to your goal. So, don’t delay. Don’t wait for things to get better. Make them better.


#2 Keep it Simple


The best businesses are built on simplicity. If you want to start a business with minimal capital, it’s best to simplify your idea. Try to focus on a niche offering or product. Do your research and find out what people in your area need. What can you do to solve a problem that they are having? We often tend to dream up grand ideas when thinking of starting a business, but the most straightforward ideas can often be the most effective.


#3 Start Small


Speaking of keeping it simple, focus on starting small. If you have dreams of running a nationwide company, perhaps you’ll get there one day. But when you’re starting out, try to focus your energy on making a difference in your immediate environment. From there, you’ll be able to manage your business easily and develop as a business owner as your company grows.


So, let’s get to the good stuff.


Your Next Business Idea for Under R500


At iKhokha, we’ve recently updated iK Vend – an in-app service that lets you sell prepaid services to customers using the iKhokha app.


To help more South African entrepreneurs start small businesses and side hustles, we’ve dropped the price of The Mover Pro to R499. This means that you can start a business selling prepaid products like airtime, data, SMS bundles, electricity, water and gas for under 500 bucks!


You can also settle EasyPay and Pay@ bills (e.g. DSTV) and traffic fines using iK Vend.

Start a business for under R500


What’s great about iK Vend is that you earn commission on every sale in the form of iKash. iKash is a digital currency that is stored in your iK Wallet on the iKhokha app. When a customer wants to buy a prepaid service using cash, you can use your iKash to process the transaction, and you can keep the money.


The Mover Pro is also lightweight, portable and has an all-day battery life – so you can take your business with you wherever you go!


So, if you’re looking to start a business, perhaps this is your chance? Get the iKhokha Mover Pro and save 80% this month while stocks last.

Josh Martin

The resident 'Word Nerd' at iKhokha, Josh is on a mission to help businesses grow with insightful, data-driven and engaging content that builds lasting enterprises. When he's off the clock, he's trawling Reddit or in the garden drinking wine.

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