List Of Business Ideas In Kenya
A business idea is a concept that can be used for financial gain that is usually centered on a product or service that can be offered for money. An idea is the first milestone in the process of building a successful business. The characteristics of a promising business idea are: Innovative.
In this article Keweb.co tries to answer the question by publishing the full list of Business Ideas in Kenya
Below are the full List of Business Ideas In Kenya
Tutoring
If you have a specialty that you can share and the capacity to teach, tutoring is an ideal one-person company startup that you should consider starting.
Tutoring will typically not require much capital to get started – you will, however, need to be appropriately qualified to land gigs. You will normally receive your payment directly after the session.
Tutoring children is especially rewarding, and if you land the right clients, money is plentiful, plus you may not need any certification. The hours are usually appropriate because classes are typically taught in short bursts and are not held late at night to fit into the kid’s schedules.
Adults might also require tuition in different fields such as languages or practical skills.
While word of mouth is often sufficient to secure a tutoring job in your area, you can also reach out to your social media contacts to market yourself further.
Venturing into the Food Industry
The food industry is always growing. It requires some good capital, not only for the operational costs but also to obtain the necessary licences. You will need a business permit from your local county government and a certification from the health and sanitation board within your locality. Although some people might try to operate without these, it is best to comply with the set guidelines for smooth and ethical operations.
Your eatery could take different dimensions depending on your specialty. You can either have a fast food joint, fresh fruits and juice parlour, a whole food eatery, or a pastry shop. Depending on your choice, you can move on to calculate the capital required before you embark on the business.
When talking of pastries, I know several people who don’t have physical locations but prepare everything in their homes. They take orders from different clients online and deliver as required.
Their businesses have grown thanks to satisfied clients who share the end product with a caption referring to the supplier. In such cases, you might not require licences to operate – it is a grey area. If you are passionate about baking, this might be a good start. You can then grow it as you build your client base.
Outside catering is also another dimension that you can take. Today, many people are trying to simplify their work by contracting other people to provide catering services for their events like the ruracios, weddings, birthday parties, and other occasions. You can always use social media platforms for marketing your business. The next time anyone requires services in your locality, you can receive references.
Offering Taxi Services
With the rise of ride-hailing services such as Uber and Bolt within the country, drivers have never been more in demand than right now. Depending on where you reside, you may be able to choose between driving for Uber or Bolt or any other service existing in your locality.
You must have a car of your own, a valid driver’s licence, and a smartphone for driving. The vehicle you use must pass a safety inspection before using it. Each ride-hailing company might have its specific inspection parameters. It is thus essential that you get acquainted with such requirements.
If you choose, you can work on your schedule, even working late at night. The amount of money you’ll make will vary depending on the amount of wear and tear on the car, the distance you drive, the amount of fuel you consume, and how much you drive. You’ll also have to pay a percentage to your taxi service provider.
Depending on your location, you can join different cab companies within the country. You can begin by reviewing some of the best cab companies in the country and specific providers within your locality.
Running a YouTube Channel
Creating a YouTube channel is one of the most straightforward side hustles you can undertake from home.
It costs nothing to register a YouTube account, begin posting videos, and eventually monetise your videos after crossing a threshold of subscribers and watch hours – lot’s of hard work and consistency is needed. And patience too.
You can create videos on diverse subjects such as educational and social content, fashion trends, comedy, or entertainment. There’s so much you can do with YouTube. You only need to take some time to learn about the specific requirements that will enable you to earn more.
For instance, you need to have about 1,000 subscribers and 4,000 hours of view time to qualify for monetisation. You can make more for the clicks an ad in your video receives. Even as you do this, always ensure that the quality of your videos is impeccable.
Selling E-Books
Every firm, entrepreneur and everyday person is looking for new resources and educational opportunities. So, if you can harness your expertise in a certain subject area, you are sure to have a ready audience that could potentially buy your books.
First, it is wise to entice your potential clients through free guides. Once you have reached a good enough audience size, you can start selling your e-Books and guides.
You can always start with a short e-book of about 5,000 words and grow it based on your clients’ needs. You can base your e-book on so much depending on the prevailing trends. One way of creating your e-book content is by expounding on some of your blog posts if you are a blogger.
Your word range could be 5,000 to 20,000 words for a medium-sized e-book. You can make up to ksh.1,000 from such. When considering where you can sell the e-books, you can work with Amazon, one of the best-selling platforms you can tap.
Blogging
With your laptop or desktop, internet connection, and a passion for writing, blogging can be one of the easiest startups you can run from the comfort of your home. Once you optimise your blog and have sufficient traffic flowing to your site, you can tap on the existing passive online incomes, such as affiliate marketing.
Affiliate marketing involves marketing products from other companies within your blog. Next, you can make money through advertisements. There are two ways of earning; first, you get paid through cost per click, CPC. For every click an advert receives, you will get some payment. The other method is through cost per 1,000 impressions. For every 1000 views the advert gets, you will receive some amount.
The third way of earning is by offering freelance writing, web designing, virtual assistance, consultation, and training. Finally, you can sell some online products such as ebooks, online courses, and workbooks.
Data Entry Services
Like blogging, data entry requires minimal startup costs. Today, you can almost entirely operate your data entry business online. With your computer and internet connection, you can be right on track.
The best target market for this business is large corporations since you won’t run the risk of missing out on your payments after working. It is also essential to focus on a specific niche as that may give you a leeway to bargain for better payment rates.
You can, for example, focus on the health sector. You may need to learn more about the industry to ensure that your services align with your client’s needs.
Mobile Beauty Therapist
Convenience is what many people are seeking today. Picture the time of the month when you need to do your hair or nails. Instead of leaving the comfort of your home, you only make a phone call, and a beauty therapist comes to your aid. This business option is open to anyone who prefers house calls to being stationary in one place.
Operating as a mobile beauty therapist saves you the cost you would incur in renting some working space, apart from the flexibility and opportunity to keep a maximum profit. You can advertise your specialty on Facebook, LinkedIn, Jiji, or any preferred platform.
Home Décor Services
Most people today turn their talents into businesses. With a slight professional boost, they turn out to be the best people in the field. Although professionally, I had a friend who used to offer home décor services; she was a business student. She charged for every hour she could spend in a client’s home, especially for new clients. For her frequent clients, she billed cumulatively.
Over time, she could charge more since she had a combination of her business skills and interior decoration. The business is quite flexible as you can schedule your working hours as it seems convenient to you.
Personal Training
If you enjoy working out or participating in sports, this could be a fantastic business possibility for you to pursue. The idea involves specialising in physical activity or a specific type of clientele, or both, and rising to the occasion.
In sports training and coaching, there are several examples of success. Other coaches have successfully expanded their businesses to include sports camps, sports schools, and, in some cases, an indoor soccer league, among other ventures.
Profitable Barber Or Salon Shop
This business is also a profitable one and has the potential of making you rich. People who are not aware of its potential may underrate it and assume that it is meant for the uneducated.
In the beginning, you can visit clients in their homes, save enough money, and rent out a place finally.
A standard barber or salon stall goes for about 6000 to 15000 shillings. From this point, one can work on having money to buy the equipment he/she needs.
Boda-Boda Business Ideas
Bodaboda is among one of the most profitable business ideas in Kenya that people particularly the youth are joining in large numbers.
According to the Motorcycle Assemblers Association of Kenya (MAAK), the boda-boda business alone generated a revenue of over Ksh 219 billion in 2017 alone.
This tells you how lucrative the boda-boda business has been over the years.
You can develop a good boda boda business plan and make it big. Venture into this business especially if you are still searching for a job and have some saved up money.
In Kenya, a motorcycle costs from 65000 to 120,000 Kenyan shillings. With this business, you can comfortably make 1000 shillings at the end of the day.
M-Pesa Business
This is one of the best business ideas available in Nairobi and its environs.
M-Pesa, which is a mobile phone-based money transfer and also runs both financing and micro-finance services has brought relief to many Kenyan entrepreneurs.
The M-Pesa business is one of the best businesses to start in Kenya.
M-Pesa business has tremendously grown the recent years and is also very lucrative.
This business may seem crowded, but one can be assured of a profit at the end of the day irrespective of the place of operation.
The statistics show that Safaricom has over 26 million M-Pesa subscribers as of May 2017.
Moreover, mobile money has now transformed from just a mere transfer of money to changing the lives of the good people of Kenya.
For example, in 2006, when M-Pesa was yet to have its feet on the ground, the mobile money transaction was a little over Ksh 83 million.
The figure published last year indicates that more than 184 billion Shillings have been transacted over M-Pesa.
For you to run an M-Pesa business, you need to have a compulsory deposit of at least Ksh 100,000. However, you will only require around Ksh 50,000 to be someone who gives you his/her line (aggregated line).
Poultry Farming
This is another very profitable business idea that one can begin with little capital in Kenya.
In Kenya, the poultry business is mostly small-scale and for domestic consumption. The poultry birds mostly raised are chicken, geese, turkey, and ducks.
The main products of this business idea in Kenya are to produce eggs or meat for food. Some of the common breeds of chicken that are doing well in Kenya include the following:
- Layers: These are chickens raised for their eggs.
- Broilers: Individual companies in Kenya engage in broiler farming for meat.
- Kenbro: These Kenbro chickens belong to Kenchick, and they are fed for six (6) months before they start laying.
- Kuroiler: These birds are dual-purpose hybrid chicken from Keggfarms Group in Gurgaon.
- Kari improved Kienyeji chicken: The Kari chicken is locally produced and distributed by Homerange Poultry Kenya.
You require a start-up capital of as low as Ksh 20,000 to start the chicken-rearing business. As the number of chickens increases, your profits will go up as well.
Photocopy And Printing Business Opportunities
This is an excellent business opportunity in Kenya particularly for those who live around universities or colleges.
This is because these services are in high demand in learning institutions.
You can also start it close to the public offices.
Starting this business will need an initial capital of not more than 7,000 Kenyan Shillings.
mokies And Boiled Eggs Business Idea
The business of selling eggs and smokies is also an excellent idea you can think about. For a good start, you need about 1,000 Kenyan Shilling as initial capital.
You may not have time to do these eggs and smokies businesses in Kenya; however, you can hire someone to run the business for you.
Note that this kind of business thrives well at specific locations including those listed below:
- Near clubs and bars.
- Close to schools or learning institutions.
- Areas around industrial areas and hospitals.
- You may also locate your business at the bus stop.
On average, one can earn a profit of around 500 shillings which translates to an income of about Ksh 15,000 in a month.