Kenya’s unemployment rate is at 9.31%. Many qualified people have sought for well-paying jobs in life. Does it mean it is the end of everything?
No. Life must go on.
Kenyan is both resilient and entrepreneurial in times of adversity. Job security is becoming problematic to become a problem. Jobs have become more selective and scarce.
The economic situation demands innovative thinking. Have you thought about starting your own business?
Here are 7 business ventures that you can begin with at least Ksh.1, 000 capital, and be successful.
Manicure and Pedicure Business
Women want to look good and will go at any length and expense to be beautiful.
From an initial investment of Ksh. 5,000 you can get your tools of work (Cosmetics) and move around the estates looking for clients. Start with the basics.
- Cotton swabs
- Nail polish remover
- Cuticle Pushers and Nippers
- Cuticle Remover
- Hand/ Nail moisturizer
- Base Coat
- Nail Polish
Charging Ksh.500-1,000 per job, you can have a tidy sum per day.
If you subtract your daily expenses, you should have no less than Ksh.500 profit per day. Within 4 weeks of hard work and dedication, you should have earned a tidy sum. You can scale up.
Clothes and Shoe Business
The clothing business is profitable. You have options. One, you could go to Eastleigh and Kamukunji to get new clothes which you sell to your customers for a profit.
You can opt for mitumba clothes for your preferred gender (adults), or children's clothing. If the clothes are well pressed and displayed at strategic locations, they will sell at a good price.
Facebook and Instagram have made marketing easier and cheaper. Setting up a Facebook page, taking pictures, and posting them to your followers will cost you nothing. Boosting on Facebook for Ksh. 1,500, your sales could go up from the leads.
People are busy chasing after deals, jobs, and money. They have limited time to clean their houses, carpets, fabric seats, and even clothes. They would rather pay someone who has specialized in cleaning. You could be the preferred specialist.
You need to be available, trustworthy, and look up to tasks.
Armed with soap, detergents, hand brush, and other essential tools, you should be able to take on these jobs. A budget of Ksh. 3,000 can get you started. Visit homes, and do a good job when given an opportunity. This could be a start to a great business.
Data Analysis Services
There are many people and businesses with billions worth of data but do not know what to do with it. Also, there are many students pursuing higher-level education in colleges and universities, who need data.
Why not tap into the data analysis business opportunity?
You do not need a website to start. Social media platforms, word of mouth, and referrals for quality work are sufficient. Using your data analysis skill to develop, present, and analyze data can open up doors into many opportunities.
University and college students could present professional work for their studies. Businesses need proposals, of which you could provide factual data analysis. Agencies with data could rely on your expertise in decision-making.
Also, there is ready labor on the market. Many brilliant minds lie idle. You can tap their knowledge and sort your clients’ problems.
You can structure your business and have assistants to work on different accounts. Customer Care, Accounts, Research is fundamental for your start-up.
Long gone are the days one could do blogging for fun. Turn your creativity into earning passive income. Better still, you can earn active income from working on a full-time basis.
Customers, from individuals to corporates seek original content on specific subjects matter. All you need to do is set up A WordPress site, identify a niche, and start developing quality content.
Start posting articles using the free package. While you learn the trade, upgrade. Work on your goals, target audience, and improve the quality of your content. The more time and resources you commit to it, the better your earnings.
There are many ways you can earn money through blogging. These include:
- Sell your products on your site (online storefront)
- Writing sponsored content
- Host content for others
- Offer membership and subscriptions
- Be an affiliate marketer and promote other people’s products for a fee.
- The charge for sponsored social media posts
- Write guest posts for media agencies
- Coaching and Consulting
- Sell advertising space
- Write an e-book
You need to be patient, passionate, strategic, and willing to learn. While it is a personal initiative, you need all the help you can get from other people to commercialize your blog site in a money-making machine.
Online Academic Research Writing
I have been doing online writing for close to over 5 years now. It does not stop. As long as people are going to school to learn, academic research writing will continue to boom.
The good thing with academic writing is that you can do it from anywhere, anytime on the condition you:
- Have good internet connection
- A laptop and PC
- Writing Styles skills.
Doctors, engineers, linguistics, historians, accountants, financial experts, lawyers… name them. They all fit into academic writing.
The clients make the payment on completion of the task. Upon verification and client satisfaction, they wire the money to your account. .Payment is through Paypal, WorldRemit or other preferred international payment platforms.
Sausages, samosas and Boiled Eggs Business
As a basic need, food is ever on demand. Setting up a food business is never a waste of time or money. You will agree with me that people in Nairobi love sausages, samosas, and boiled eggs as they rush going about their business.
A sausage which cost you Ksh. 10 sells for Ksh. 25 after boiling. If you sell 100 pieces on a good day, that is clean tax-free Ksh. 1,500.
The same math could apply to eggs and samosas. At the end of the day, combining your sales from samosas, eggs and sausages could make you a profit of at least Ksh. 2,000 daily. Expenses are minimal, after getting the ingredients for the day
Making Chapatis and Mandazis
We all love chapatis and mandazis for our tea at breakfast time and other meals in the course of the day. The chapati and mandazi business is currently buzzing in most of our estates.
It takes time and effort to prepare these delicacies for yourself or your family. As a person, you will not consume less than 2 chapatis or 2 mandazis. That is Ksh. 10 per chapati and Ksh. 5 for mandazi.
If ten households, each with 2 family members queue to buy in the morning and lunchtime, that will be
Chapatis: 10*2*2*10*2= Ksh.400
Mandazis: 10*2*2*5*2= Ksh. 200
Armed with baking flour, debe charcoal, cooking fat, table, cooking tools and your culinary skills, you should make a quick buck every day. Setting up the shop in the evening is the best time, as most people get back home from work.
There are lots of business opportunities worth pursuing. We often limit ourselves because of our ignorance and pride. Changing your mindset and being entrepreneurial could change tour life forever. Kindly share, link and take up one of the ideas to pursue. Share with us your experience too.