Most Profitable Businesses In Kenya
Are you thinking of investing as little as Ksh.5000? Here is a list of businesses you can start with your capital.
1] Wines& Spirits Business
The wines & spirits business is very profitable as long as you have the necessary permits/licenses and enough capital. All you need to do while with all these is do a location search. You need a strategic place where you’ll easily attract customers.
Also, be fair in pricing and offer discounts once in a while to attract more customers. Have a good person with great customer care skills to keep on customers flocking in.
2] Furniture Business
In this business, you need to have great skills, and if not you need to employ someone good at this. It is a lucrative business remember that people can’t stay without furniture and most people keep on changing what they have. What matters here is the location of your business and the products you make. Specialize in making quality items such as seats, sofa sets, and many more to attract customers.
3] Selling Second-hand Clothes (Mitumba)
Do you have Ksh.5000, this is a great deal for you. With that as your capital and great marketing skills, you’ll make great profits within no time. The clothes can be sourced from leading markets such as Gikomba.
To get good profits you need to have fair pricing for your clothes so they move fast. Also try your best to choose the most unique clothes that you’ll find there, especially during the bale opening.
4] Hardware Business
A business that requires a substantial amount of capital to start. For you to do well in this business you need to also offer transport services or make it a business so that it’s easy for your clients to buy and get their items delivered.
To enjoy this business you need to be on the lookout for tenders to supply construction materials and also partner with construction companies to always be in business.
5] Taxi Business
There are numerous taxi-hailing apps where you can sign up and offer your services. This Business is exemplary profitable especially if you operate it by yourself as the driver. It can also be a good side hustle for those employed elsewhere.
6] Daycare Business
Are you passionate about babies? Are you having a good amount of cash to invest in a clean daycare to attract parents? This is one of the most profitable and lucrative businesses in Kenya.
There is a growing demand for daycare services, especially in major towns in Nairobi. The secret to succeeding in this venture is to offer eye-catching and affordable services that will attract potential customers
.You also need to do a lot of marketing to attract clients.
7] Cereals/Grocery Business
Most Cereals will never go bad over a long period. Finding a strategic place and offering fresh groceries and quality cereals is the key aspect.
Price your quality products with fair pricing then you got all the clients near you and your surrounding.
8] Car Wash
Have you ever wondered why car wash businesses are prevalent in most neighborhoods? Well, this a very profitable business as long as you have a spacious yard and the necessary tools such as modern washing machines and plenty of water supply.
The location of your car wash also matters. Ensure the car wash is in an easily accessible area.
Are you thinking of employing someone to run your business then you need to have a Paybill or even a Buy goods account then to avoid cash transactions.
Also, avoid giving out on credits, especially if your business is not fully established.