Which Small Business Is Most Profitable In Kenya – Like other developing countries, Kenya faces many challenges, including unemployment. Unemployment is especially high among young people. But what if you could start your own business and make money from it instead of relying on office work? The good news is that there are many real estate companies in Kenya that you can start with as little as 50,000.
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Which Small Business Is Most Profitable In Kenya
Are you ready to open a business? Do you know what business to start? Some things are the same in any business. You need a business license, inventory, advertising budget, and customers. You need to rent a place for your business. All of this costs money, and a lot of it. However, there are some businesses you can start with as little as $50,000.
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Do you have a business to start with 50k in Kenya? Kenya’s lack of business opportunities. There is an endless list of businesses to invest in and with proper management and execution, you will have a comfortable income. Here are the best businesses to start with 50k in Kenya.
In Kenya, there is a huge demand for Western movies and TV shows offered by streaming services. Unfortunately, it is difficult for common people to access movies and series, due to the lack of a good internet connection for streaming from various entertainment sites.
As a result, opening a movie theater is one of the best business ideas in the country. A small amount of capital is needed to start a business. All you need is a shop in a good place with lots of people.
You need to buy one computer and pay for operating licenses. From there, you can buy movies for sale from vendors in major cities, or download digital copies from various entertainment venues. However, make sure you get the right licenses to avoid copyright infringement.
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Salon and/or barbershop is another profitable business you can start in Kenya. The capital required to open an executive salon or barbershop is high, but with as little as Ksh.50,000 you can start a small but profitable business in your area.
The necessary capital will be used to secure a place for the business and purchase basic equipment (hair dryers and hair products for the salon, as well as haircuts, chairs and some toilet cleaner).
As your business grows, you can expand it by purchasing additional equipment to offer value-added services such as pedicures, manicures, facial scrubs, and more. You can combine the two businesses into one business, thus attracting more customers.
Most people think that a hardware store needs a lot of money, but that is not the case. The only expenses required for setting up a business are the rent of your business space, a business license, and some equipment (tables and a display board).
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In terms of inventory, with a registered business, you can easily get from suppliers on consignment agreements. So, you only need about Ksh.20,000-50,000 to open a proper hardware store. You need to make sure the business is in a good location, such as a city center or close to where some construction work will be done.
In most major cities, there is a huge demand for fresh and safe produce. Unfortunately, not many companies can meet this demand, and the ones that do usually end up selling products at exorbitant prices. You can open a store and make a lot of money.
50,000 ksh is enough to open a successful retail store, especially in the residential areas of the cities. Most of the capital goes to the purchase of retail space, while the rest goes to licenses and shares. In the form of stocks, you can get your products from large markets and buy directly from farmers.
The mobile money transfer service has taken Kenya by storm, creating a great business opportunity for service providers. Almost every Kenyan uses money transfer services such as M-Pesa, Airtel Money, Equitel and T-Kash. So, if you’re thinking of starting a mobile banking service business, you won’t be short of customers.
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Just make sure you set up your business in an area with a lot of traffic and in an area that doesn’t have many competing businesses. Other than that, all you need is a business license, a prepaid SIM card, and a phone (which is easy to do).
Agriculture is the best business to start in rural Kenya. It does not require large investments, and the income is high and sometimes almost immediately. And given the constant demand for food across the country, agriculture is the perfect business opportunity for any aspiring entrepreneur in Kenya.
With a good piece of land with access to water, 50 thousand or less will be enough to start a good farming business. However, if the land is not available, many landowners are willing to rent the land for as little as Ksh 10,000 per year.
Things to grow, the list is endless: kale, spinach, squash, capsicum, tomatoes, cucumbers, strawberries, and more. Livestock is another good option where animals like chicken, rice, pig, fish need less money. The returns from agribusiness are good and you will not incur losses if you manage your business properly.
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This is a great business to start in Kenya. Milk is one of the most sought after products in Kenya, but few people are able to meet this demand, especially in urban areas. A business that sells fresh and good milk ensures a successful business.
It doesn’t take much to open a milk carton, just a good one, a store and milk licenses. However, a good and reliable milk source is important to keep your customers safe. For this reason, it is better to buy directly from the farmers. You can use the profits from the business to buy an ATM milk later.
The number of vehicles on Kenyan roads has been steadily increasing over the years. And since many car owners are busy with their daily schedules, there is a huge demand for car wash services. To start a business, you need a spacious yard that can fit several cars, access to a water source and a car wash.
However, if the car is too much for your budget, you can start by hand washing the car before you have enough money to buy the car. You may need several employees to help you, depending on the number of customers you receive each day.
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Used clothing store is the best small business to start in Kenya with Ksh.50,000 and below. Due to the price of the cloth, it is in high demand among the low and middle Kenyans, which makes up a large part of the market. So, having a good location, you can be sure that you will have a successful business.
Another good thing about this business is that there are many places to get clothes. Some of the best suppliers can be found in Eastleigh, Gicomba Market, Kamukunji, Scene Market, and more. You can buy parts from suppliers in bulk, which will give you a good profit after reselling them.
Selling seeds is another good business in Kenya that can start with 50k. As more and more people take care of their health, there is a great demand for fruits throughout the country. People like to eat fruits, especially fruits like mangoes, pineapples, and oranges, on hot days.
This way, your business will always be guaranteed a good price if you choose a good location. One of the great things about fruit trading is that you don’t have to rent a warehouse. You can set up a property on the road or on the side of the road and still get good income. You can deliver products directly to customers at their offices and homes.
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Cleaning business is another business idea that is becoming very popular in Kenya. There is a good demand for commercial cleaning services, both residential and commercial.
To set up a good cleaning business, you need to register a business name, rent a shop, and buy the right cleaning equipment and products. From there, all you have to do is advertise your business services, you can do it on various websites, or go door to door looking for customers who need your services. service.
Boda Boda is a great business to start with 50k in Kenya. It does not require anything other than a car, which can cost between 30,000 and 50,000 ksh (used). After that, you need to get a driver’s license and then choose a place of work.
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