In the recent years, many graduates have been complaining about slow employment rate in the country. Most graduates in Kenya now are unemployed and facing hard time after obtaining the degrees. Making some money from side hustles with a number of entrepreneurial ideas has always been the option for many unemployed citizens, however, the most challenging part is deciding what to invest in.
Starting a business is a difficult task and you may end up running a business at a loss if proper strategies are not put in place. It's advisable to research deeply on a business idea before investing your money into any business.
In this article, I have shared some brilliant business ideas with low capital requirement that are worth considering in Kenya.
1. Making construction blocks (Bricks) for sale
With the increasing construction projects in many parts of the country, bricks have been on higher demand and can earn you some good money. The brick molding equipment may cost between Ksh20,000 to Ksh30,000. You can make between 600 to 1000 bricks in a day if you can find a good source of sand. You may sell at Ksh7 to Ksh12 per brick.
2. Cyber Cafe business
Nowadays, the world have revolutionized and almost everything is done online. Cyber business generally perform well everywhere as it involves many activities. However, it can be more profitable around schools, markets or urban locations. Starting a cyber cafe requires a little more money as some equipment are expensive. Budgeting for a cyber Cafe may cost between Kshs.80,000 to 100,000.
3. Making Liquid Soap
Soap making can earn you some good money if you can acquire the skills and some basic chemicals. You can start on a small scale and expand your business with time as your customers increase. For the start, you may require between ksh7,000 to Ksh10,000 to buy the chemicals.
4. Mpesa Shop
You can start an Mpesa shop with a low input as an M-PESA sub-dealer covered by a licensed main agent. Getting an M-PESA sub-dealer sim card can cost between Ksh5,000 to Ksh12,000 depending on your agreement with the main agent. You will also require a minimum float of Ksh30,000
If you find a location where mpesa transactions are regularly done like within towns, then you can make about Ksh15,000 or more as a sub-dealer.
5. Selling Second-hand Clothes "Mitumba"
You can venture into second-hand clothes business with as low as Ksh10,000. Buying in bales and selling in retail stores.
6. Car wash business
You can buy acquire a car wash machine with as low Ksh30,000. If you set your work station at an appropriate space then you can wash more than 10 cars or more in a single day. The average price for cleaning a car is Ksh300.
7. Cereals Store business
Cereals includes things like maize, beans, ground nuts, rice, wheat etc. You can earn profits by buying at an wholesale price and selling at the retail level
8. Electronics shop
With increasing demand for electronics, selling electronics stands to be a lucrative venture worth considering. This will require a bit higher capital of about Ksh300,000 to start. You start by stocking only products on higher demand like radios, woofers, televisions, bulbs and extension cables. The profit margin in this business are decent and can allow for expansion within few months.
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