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List of Easiest Lucrative Businesses in Kenya You Can Start With Low Capital

Everyone is interested in entrepreneurship right now. Fresh graduates who remain unemployed for a prolonged period of time after graduation have become a phenomenon. 7 million Kenyans are unemployed, according to a report by the Kenya National Bureau of Statistics (KNBS)!

Starting a business is now a practical way to make money and meet one's basic necessities. However, there is a misconception that you need a lot of money to launch a firm. This is untrue. It all comes down to how effectively you run it and how happy your clients are.

In fact, you may start and manage a successful business with as little as $10,000 or less. Here are some ventures you can launch with little funding:

1. Sale of second hand clothes.

If you're wanting to start a business in Kenya, this would be the greatest industry to choose from because the second-hand clothing market is increasing.

The good news is that starting a mitumba business doesn't take a lot of money. You may start selling mitumba clothing with just 1,000. All you need to do is choose a suitable area and decide where you will shop for clothing. Nairobi's Gikomba and Muthurwa markets are where most people shop. While some people make up to Ksh10,000 each day, the average profit is Ksh500. You may operate a business without a physical location thanks to the internet age.

You can publicize the clothing you are selling by setting up an Instagram or Facebook page. Online shopping is practical, and products move quickly.

2. A hair salon or spa

Even though some people might undervalue this industry, it is in fact profitable and has the potential to earn you millions of dollars.

You can begin by going to clients' homes; if you've made enough money, you can finally rent out a space. A typical salon or barber stall costs between 6,000 and 15,000 shillings. From there, you can concentrate on raising money to purchase the necessary equipment.

3. Chicken farming

Why not better yourself by starting a poultry business instead of continuing to send out multiple job applications with no success? Starting a chicken-rearing business just costs Ksh20,000 in initial money. As you produce more chickens, your profit rises.

4. Printing and copying

This is one of the most profitable enterprises you can start while in college or university. If you reside close to a college or university, you can also consider starting the business. A computer, printer, and copier will need to be purchased.

5. Smokies and scrambled eggs

Selling smokeies and eggs is a business you can consider starting if you're looking for small business ideas in Kenya but have limited resources. You require startup cash of about $1,000 for shares in order to open a sausage, samosa, and egg business.

An egg costs about 10 bob, and then it costs 20 bob to sell. That's a profit of 10 bob. You might make around Ksh. 500 in profit on a good day. You can count on making over Ksh. 15,000 per month. All you have to do is choose a suitable area.

Content created and supplied by: your-udaku-mate (via Opera News )

Kenya Kenya National Bureau of Statistics Kenyans


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