What are some of the profitable business ideas in Kenya?
Kenya is a lucrative place to start a business venture with a capital of as little as 1000 shillings. All you need is a strategic location that will enable you to grow your business and source products at lower prices.
Sourcing cheaply guarantees higher profit margins; besides, your products will be cheaper compared to your competitors. Therefore, this will increase the demand for your merchandise or services.
Profitable business ideas in Kenya
Here are the top profitable business ideas in Kenya
- Real Estate
- Freelance Writing
- Barbershop/salon
- Bodaboda
- Mpesa Business
- Chicken Farming
- Photocopy and Printing Business
- Entertainment Lounge
- Employee training
- Pedicure and Manicure
- Car wash
- Movie shop
Starting a business is not a luxury but a necessity for anyone to make money. This is the reason why you need to consider some of the profitable business ideas in Kenya.
Kenya offers a good business opportunity, and there are many people to patronize you. While most entrepreneurs complain of the high taxes they are subjected to; you can compare starting a business in Kenya to other countries.
Top Profitable business ideas in Kenya
Let’s look at some of the profitable business ideas in Kenya in details
1. Real Estate
There is an increased demand for small plots and land across the country. Owning a piece of land has become a coveted investment in almost all communities in Kenya. Considering the growth in population, land ownership has become an urgent matter.
In real estate, you are guaranteed of making high profits. With access to a large capital base, you can make a lot more by purchasing and developing the land and later selling it off.
2. Freelance Writing
It is possible to become a writer on a full-time freelance writer and earn a living or even a part-time freelance writer to supplement your regular income. You can use freelance writing as a platform to build up or broaden your portfolio of skills.
For more information on how to make it online as a freelance writer, read here.
3. Barbershop or salon
Contrary to popular opinion, Salon or barbershop business is among the top-earning business ventures in Kenya. This business does not require a higher level of education, so long as you provide satisfactory services to your client. To be successful in this business, you should invest in the latest technology, hairstyles, and professional staff.
4. Boda-boda
Young people in Kenya are drawn into this business venture due to the constant cash flow. If you have some money saved up and still looking for a job, you can venture into this business. The best part of this business is that you are guaranteed to have a coin in your pocket at the end of the day.
5. MPESA business
Over the years, MPESA has grown to be one of the most successful business ventures in Kenya. Although the business may seem crowded, there is room for everybody due to the significant number of transactions every day. With only 50,000 Kenyan Shillings, you can successfully establish your MPESA business.
6. Poultry farming
If you are looking for a business that requires less capital, chicken farming is the best business venture for you. Rather than applying for jobs, you are not guaranteed to get; this is an investment that will get you to return your money. You only need Kshs. 20 000 to get started and make your dreams come true.
7. Photocopy and printing business
This business is exceptionally profitable for people who live near educational institutions. When it comes to colleges and universities, students often get assignments that require photocopy and printing services. This, therefore, gives you the window of opportunity that you need to profit from this kind of business.
8. Entertainment lounge
People need a place to wind down on the weekends and even in the evenings after a busy day at work. You can cater to these needs by starting an entertainment lounge like a restaurant, casino, fast food joint, hotel, nightclub, bar, or any other. This list is endless; all you need is to choose an entertainment business you love and set up.
9. Employee Training
There is an increased demand for specialized employee training. Some of the employee training courses in demand include money handling, customer service, stress management, and place safety measures. These training courses are offered from the employer’s premises in normal circumstances, but you can operate the business from your home.
10. Pedicure/Manicure business
The most important thing for every woman in Kenya is to be able to look beautiful. The presentation is key, especially in this era of social media where everybody wants to present the best of themselves to the world. With only 5000 Kenyan Shillings, you can start a pedicure or manicure business that will give you profits beyond anything you could have ever imagined.
11. Car wash business
Kenyans are known for preferring to pay someone to wash their cars instead of doing the job themselves. Once you surpass the perception that car washing is for uneducated people, you can make a lot of money. Just by charging 200 shillings per car and with dedicated staff, you can wash over 100 vehicles per day and earn more than 20,000 shillings.
12. Movie shop
No major city in Kenya does not have a movie shop business. It is one of the easiest and profitable business ventures you can engage yourself in, in Kenya. You only need a computer or laptop, internet, and a good location to start with as low as 20,000 shillings.
Engaging in the most profitable business requires one to be keen on the current market trend. Also, you must consider the gains that you will make from that business. This article on the top profitable business ideas in Kenya should serve as a guide.