Connect with us

Business

50 Lucrative But Low Cost Business Ideas To Start In Kenya Today

Inversk Review

Published

on

Starting a business is not a luxury but a necessity for anyone whose aim is to transform the world, make some good money and become a millionaire someday. The ground is so fertile and there are loads of people to patronize you. Even though entrepreneurs complain of heavy taxes they pay, sometimes this cannot be compared to the profit that one will make.

Below are our top 50 lucrative business ideas you can work on;

  1. Child care centers commonly known as day care.

With increasing cases of insecurity from house helps who abuse or sell babies, many parents are now opting to take their non-school going children to child care centers. Many middle class parents leave home as early as 5:30am and they get back home as late as 7:00pm, thanks to the perennial traffic holdups in our roads especially in Nairobi and Mombasa.

Day care centers allow parents to leave their children in a secure and educational environment while at work. However, if you want to open one, the requirements are not as much as you may think.

  1. E-commerce stores.

You can come up with an idea to provide a platform for the people to sell their items, by doing this you can make good money. One can tend to come up with an online store such jumia, OLX, pigiame, rupu etc.

Ask people to place their items for sale at a small fee and market this platform vigorously. Your platform should have categories like furniture, cars, utensils, clothes, gift items, books, jewelry, food, services. Be specific with your intentions. Complete it with beautiful pictures for easy navigations.

  1. Event and party planning.

Every day, week, month and year, people are parting. Corporate, religious, entertainment events, weddings and birthdays and many other events are taking place everywhere and every time. Planning and holding parties can be so stressful and most people who are throwing these events and parties are busy and may desperately need others to plan and execute for them. This work goes for a flat fee, depending on the size of the party. By targeting 2 or 3 parties or events in a week, just imagine how much you can make in a year.

  1. Consulting

Are good at solving problems or issues? If people always come to you for help on certain areas, may be it could be the prime time to give it a try and offer services to people with a fee. Business need consultants who can help them realize their missions and visions. Individuals also want help with the problems in their lives. People are always willing to pay if you can help them stay focused in their work and their ways towards achieving their goals.

If you are good at a particular area or subject, you can also teach it to others at a fee. These people could be students, business people or employees. You stand a good chance of making money with this business idea. You can choose to do it face to face or online.

  1. Janitorial services.

Residential and commercial buildings must be regularly cleaned. With many companies and county governments now outsourcing their cleaning needs, for the business premises and buildings, the opportunity is in offering cleaning services. With only a few cleaning tools and shampoos, you can negotiate with the owners of the buildings and businesses to clean their premises at a monthly fee. You can charge a fee of sh100, 000 to Ksh 500,000 depending on the size of the building.

  1. Garbage collection.

Garbage collection services by local authorities in Kenya collapsed decades ago. These services are now provided by private entities and individuals. For residential areas, the major opportunity is in the garbage collection and the disposal of garbage generated in the houses. Walk around and sign homes to collect garbage from at a fee, maybe sh500 per month. With thousands of people having built their homes in the urban areas, this business opportunity is limitless.

  1. Agribusiness value addition.

Kenya’s economy is essentially still agri-based and looking around almost every home in the rural and many urban homes, there is always some sort of agriculture going on. Food is and will always be a demand in the whole world. Agribusiness is one of the biggest business idea in Kenya or the whole world. You can’t go wrong if you choose to add value to agricultural produce and sell. For example, instead of selling milk alone, you can turn that milk into mala (sour milk) or cheese. You will fetch much better prices in the market.

  1. Poultry business.

Starting a poultry farm can appear easy but starting it as a business is something different. This means that you are not only a chicken farmer but also an entrepreneur. When starting this business, you will need to define your target market and the part of the chicken industry you intend to venture. The chicken industry has two parts; layers, where the chicken bred also lay or produce eggs, or Broilers, where chicken are bred mainly for meat.

  1. Freelance writing.

It is always very possible to become either a full-time freelance writer earning a living, or to be a part-time freelancer supplementing a regular paid income. You can also do it for fun or build another broader portfolio of skills. You will get the basics on what it takes to ease your way into freelance writing as a career or to be put properly, turn your writing hobby into a carrier that does not affect your day job.

  1. Pest control business.

If you always think of starting a business that can guarantee you steady income, then one of your opinions should be starting a pest control business. Pest control involves eradication of potentially harmful insects and rodents in residential properties. These days more and more people are conscious of eradicating things that might bring ill health. This can be a very good business to start.

  1. Disc jockey.

Employ your compilations of music from a variety of eras to please every generation in music. The wedding DJ can make or break the event. If you have a lot of energy, knack for detail, love for music and personality, this could be the perfect role for you. Some DJs also serve as the wedding planner. By learning both trades, you can make yourself good money.

  1. Car washing.

Cars get dirty and need regular wash but most people have no time to spare. Driving to the car wash to get your car professionally cleaned is much easier and faster than spending time washing it yourself.

Starting a car wash requires having a free space and some money to buy possible a bar soap or foam and sometimes a piece of cloth to wash with.

  1. Mobile device repair business.

People will always come with their mobile phones and that is why you can pick the pick the trade of a phone repairer up. First rule, before starting this business you will have to acquire some phone repair skills because you have to win the trust of your client and to be on top of the game to gain more clients.

  1. New and second hand clothes.

The clothing store industry comprises of small retail stores that sells a limited range of clothing and accessories. You can decide to start selling mitumbas by the street and get a shade that u sell your second hand clothes.

  1. Chemical merchant.

Demand for some chemical products is high. The homemade chemicals are always the best alternative for some people. Most of the local hotels use these homemade detergents for their clients to wash their hands before and after meals. This can grab you money as a business by just identifying which hotels to sell to.

  1. Soap making.

Soaps are part of the products that are made from the chemical products and they are used for washing and bathing. No doubt there is a large market for soap and the industry is still pretty much open as many people are ready to make soaps.

  1. Airtime selling

Sell recharge cards, the lower denominations to friends, colleagues and family and make some small cash for you, it does not anything to start at least with Ksh 5,000 or even less.

  1. Laundry services.

This business is good and cheap to start. There is a large market for this, many Kenyans are busy with work and how they can make money and sometimes doing laundry is a problem.  You can start a laundry business by giving out your contacts on how one can get you. Most people call them mama wash. Or you walk door to door to ask if you can get some task to do.

  1. Brick molding.

The real estate market in Kenya is growing. Demand for affordable homes is on the rise. Bricks are affordable to produce and thereby providing affordable building option. All you need is a brick making machine, enough sub soil, spades and labour.

  1. Appliance repair.

Fix your customer appliances and other electronic equipment. Many Kenyans have both electrical and electronic appliances that they want to fix; you can tap into this business and make good money.

  1. Computer repair.

With the increase in the sales of computer and laptop in the Kenyan market, scope of repairing services will automatically grow in Kenya. Computer repair and maintenance service is good business idea to start.

  1. E-book writing.

If you enjoy writing and you know the technique of making e-book, then e-book writing is one of the best business ideas for women. You can start selling these e-books from your website, blog or Amazon.

  1. Selling snacks and drinks.

Snacks are everyone’s in between meals as they come in handy at the office, in school, on special occasions such as parties, meeting, conferences, and seminars and also along road sides. Soft drinks usually accompany them as well just think of selling egg rolls, sausage rolls, donuts and other tasty light snacks like cakes. These can be sold in schools and in busy places like bus stations and commercial areas along with milk, yoghurt and also water.

  1. Private tutor.

How about teaching children after school? Many parents are busy and cannot afford to pay home teachers, you can organize a small after school lesson from home and charge just a little less than the home teachers and make some cool money. You have to choose your subject(s) of expertise.

  1. A saloon or barber shop.

This kind of business is always underrated but the rewards are handsome. You can start the business by visiting clients in their homes and then later look for a physical location where your clients can trace you easily. The capital required to start a saloon always depend on the location and the size of your business. For example in Nairobi there are saloons that charge up to sh50, 000 but head but the normal rate ranges from Ksh 600 per head.

  1. Boiled eggs and sausages.

If you are a small entrepreneur or you have little capital which will not be enough to start a big business, this is where you can start. To start sausage, samosa and eggs business you need a capital of between Ksh 2, 000 to Ksh 10,000. What is surprising is that this kind of business is very profitable. With this type of business, you can make profits of up to Ksh 48,000 per month in Nairobi.

  1. Food truck and food cart.

If you have not noticed, food trucks and food carts are more than just hot dog and burger stands now. Many are in the cutting edge of the cities in which they operate in. if you can cook and drive and you don’t mind putting in some long hours, you can have a successful business in the portable restaurant space.

  1. Coffee Bar or tea saloon.

You do not have to go crazy here. We are not talking about a full-blown restaurant, which is likely to go beyond your budget. You can open a little space that has a nice selection of coffee and teas, and maybe some snacks. Keep it open from morning till lunch this is to catch the commuters and the office crowds. Of course the location of this business matters a lot and it is very important too. It can be as small as cart if you can find a way efficiently store your product and your equipment.

  1. Rare book dealer

This business is very easy to get into but somewhat harder to turn it into a full time gig. Just start buying rare books and try to sell them out, and you can be a dealer of rare books. The challenge can be selling enough rare books often enough to sustain a full time business, but for those who are up to it, the rare book game can be a lot of fun.

  1. Pet grooming.

People love their pets and regret not having time they’d like to take care of them. You can always help assuage their guilt and keep their precious furry friends clean and clipped with pet grooming business; this can only work best with you if you are a fun of pet too.

  1. Home based food business.

Can you cook for any reason? You might have your chance if you start a home based food business. Unlike a restaurant or even a food truck, with this business, you can prepare everything in your own home and then deliver it to a client or even have your clients order what they want and then they it up later.

  1. Commercial real estate broker.

There is no reason to sugar coat it; this is a tough business in deed. But if you can network and sell enough to make it in commercial real estate broker, your business venture could be staggeringly successful. This is not something you can just jump into, all states require real estate brokers to be licensed, and acquiring a license could require up to 90hours of course work.

  1. Firewood services.

If you are not a lumber jack, you are still okay to start a business running a food service. A blaze in the fireplace is wonderful on cold nights, but getting and storing firewood can be a real pain for a lot of people. You can make this easier by delivering wood to them.

  1. Hauling services.

Everybody has junks. People moving into or out of houses, people out houses and people who need to get rid natural debris such as tree limbs and piles of large weeds could all use someone with a truck to take that stuff away.

  1. Carpet installation.

Hardwood floors might not be the rage in homes now, but plenty of places still need carpet installed. Offices, for example, almost always have carpeted floors, as do hostels, many apartments and some restaurants. Whenever there is a commercial real estate, there is a need for carpet installation.

  1. Construction services.

In many states construction projects starts to bloom. And they are not just houses and commercial buildings, either. Garages, sheds and play houses are also in the works. With the right skills and tools, you can create a successful business doing local residential construction projects.

  1. Fabric covering.

Old furniture can look like new with the right treatment. A re-upholstery job can extend the life of a sofa or chair by years. And furniture is expensive, so people are looking for ways to make their furnishing last. That’s where you come in, with a business that offers fabric coverings for furniture or just about anything else fabric can cover.

  1. Vacuum cleaner and repair.

Vacuums are supposed to suck and it is a problem when they do not. Vacuum cleaner repair businesses are becoming increasingly rare, but vacuums still breaks, meaning there is a huge opportunity for you to start a repair business yourself.

This is possibly one of the most lucrative fields to top into in the digital edge. Professional blogging require only a minimal startup cost. You only have to invest in a domain name and hosting space initially at least. This is best if you are into writing.

  1. Online fitness instructor.

The world is looking on how to get fit. While not everyone has the time or inclination to visit the gym or join any fitness classes, the idea of fitness instructor visiting their homes or houses and helping them get in shape is definitely more appealing to them.

Those looking to launch a business in online fitness should spend their money on maintaining a strong online presence through their website and social media pages, considering that they do not have to rent a studio space or equipment.

  1. Dance or a music school.

The only investment that those looking to run a dance or a music school is a rental space. Besides this, the business runs on their skill as an instructor as well as their active presence in respected circuits. As the business grows, they may need to set aside an amount for the salary of an assistant or associates as well, but in the initial stage, the trick is to make sure that enough people are recommending your school to its potential students.

  1. Translation services.

In the light of globalization, the influx of overseas business deals has risen fourfold, and in many cases it is difficult to have the meetings with the local considering the lack of a common language for communication. Thus translators are high in demand, and those looking to go into the business would be happy to know that the cost for setting it up is based at a bare minimum. The only real thing that they need is to attend classes on the particular foreign language to become fluent enough to practice it.

  1. eBay selling.

There are really some people who make a decent people living buying things at the garage sales and flea markets and selling them on eBay. Big secrets? Stick to products you know or you can learn before you start extremely well, package your goods carefully, and provide impeccable customer services. It helps to have a digital camera or a scanner, but it is not required. In Kenya here people call them mali mali.

  1. Shoe making.

These are the people that most do look down upon. You can start in an open space by making and repairing shoes it always have a market as there are so many people who wants to repair their shoes instead of buying a new one.

  1. Personal services- shopping and errands.

This is a great business idea especially heading into a holiday season. Believe or not, there are people who would not be caught dead going anywhere near a mall to do shopping, but they are not comfortable with buying certain items online, either. Alternatively signing up to run errands on an app like Task Rabbit or deliver food through services like postmates, can immediate provide a good client base.

  1. Selling baby diapers.

Unlike the past, diapers have become a norm in every household with a baby. You can try to take advantage of this new market by selling diapers. All you need to do is get a supplier who can sell them to you at a discount and then your work will be to distribute. You can start with where you live by targeting homes with babies.

You can start by door to door delivery. The good news is that you can start this business with less than Ksh 5,000 as long as babies are been born be assured that you will never lack a market for this commodity.

  1. Juice blending.

With so many terminal illnesses like cancer, most people opt to stay away from processed foods. This is always where the juice blending business comes in. You can require about Ksh 3,000 to buy a blender and other containers and you are off to go. With as little as Ksh 10,000 you can start this profitable business.

  1. Selling women handbags.

Women love fashion and looking good. You can start selling handbags that fetches a very good profit. People who are in to this business always have a constant supplier or get their products from Eastleigh. If you are an active user of social media, you can use your Facebook page and Instagram account to market your products.

  1. Cleaning service business.

This is one of the most profitable business. It took parapet, one of the biggest cleaning service provider only 10k to start. He started by hiring women who would clean houses in estates at a charge of 1000 shillings. He would pay these women 500 shillings. Before long, the business had grown and he had to register it as a company and now making up to 15 million in a month.

Winding up.

While most people will complain of lack of job, there are many opportunities available for anyone whose focus is earning a livelihood and making money. Any idea you will implement? Tell us in the comment box below.

Comment using Facebook

Inversk Live is Kenya's most incisive and informative platform to learn about business news, technology, markets, companies, startups, leadership advise, curated business and industry opinion, and affluent lifestyles.

Business

Optiven Group is Hiring an IT Support Technician and two More Positions, Here’s the Details

Kimani Patrick

Published

on

It’s that time of the year — and it’s a good one if you dream of getting into the real estate industry in a reputable organisation. Optiven Group just announced some dream job openings that would be ideal for you. Applications are open till October 31st 2019. But don’t delay: The opportunities won’t be around for long.

1.    IT Support Technician

The purpose of the position holder will be to provide technical support, troubleshooting and assistance to IT and related systems with technical, hardware, and software system problems such us but not limited to connection problems, inabilities to access data, slow performance, and inefficient programs.

Key requirements for this job include a Proven work experience as a Technical Support Engineer, IT Help Desk Technician or similar role. Good understanding of computer systems, mobile devices and other tech products is also a key requirement.

More details on this position including details on how to apply can be found here.

2.    Software Development Officer

Job Purpose: To design, develop and install software solutions that drive its automation agenda to the next level. Passionate and self-driven individuals are invited to make their applications.

Key Requirements: Proven experience as a Software Developer, at least 2 year working experience. Knowledge of coding language (e.g. python, Java, JavaScript, HTML, CSS, XML, php) and Database frameworks oracle, MySQL.

More details on this position including details on how to apply can be found here.

3.    Foundation Coordinator/Resource Mobilizer

Key Accountabilities: Developing, implementing and monitoring fundraising strategies that includes yearly targets to meet the costs of the current and future programs.

Key Requirements: A bachelor’s degree in Sociology, Social Sciences or Community Development. Preferably to have worked in an NGO or any other charitable organization

More details on this position including details on how to apply can be found here.

About Optiven Group

As a multiple award-winning property development pacesetter in East Africa, Optiven Group has over 20 years’ experience in the real estate market. Alongside its head office in the capital, the company also has offices in South Africa as well as satellite branches in the US and Europe.

Besides its real estate activities, the company operates strategic business units (subsidiaries) in construction, agribusiness, hospitality and insurance.

The group is also active in corporate philanthropy through the Optiven Foundation which provides scholarships, food donations and homes for the less fortunate members of society.

Optiven Group does not charge any fees for job applications. For inquiries visit their head office at Barclay’s Plaza, 14th Floor or call 0790 300300

Comment using Facebook

Continue Reading

Business

15 Highly Inspiring Quotes from George Wachiuri That Will Make You Think Differently

Kimani Patrick

Published

on

As the captain to one of the most ambitious companies in Africa, George Wachiuri is a man admired by many – not because of his success over the years but also for his service to the community and warm personality.

To start with, this man is pretty much unstoppable, his journey took off by losing a Sh 5M worth of lifetime savings through a deal gone sour. But that did not stop him from heading to the future – he soldiered on to build and position Optiven Group as a reading real estate brand in east Africa before diversifying into hospitality, construction, agribusiness and insurance.

But perhaps the greatest thing Mr. Wachiuri has ever done is inspire others to be their best selves. He can also make miracles happen, too. In fact, if it weren’t for him, most entrepreneurs in Kenya including myself could still be struggling in our businesses. Here’s how some of his 15 most inspirational quotes can transform your life;

  1. No one should ever give up. Learn to focus on your vision, trust in God, be self-disciplined, network relentlessly, be passionate about your undertakings, work smart and hire people who are smarter than you.
  2. I ventured into business thinking it would be easy, I failed 15 times before things started working out. When you fail dust yourself off and rise up, it is a lesson.
  3. Always be in peace with each other, do good and help those that are disadvantaged in life. If you cannot help many, just help one.
  4. It takes many hands to make light work, but more importantly, it takes one step at a time to complete the journey of 1000 miles.
  5. Keep telling yourself good and positive things. Keep mining the best attributes out of yourself. I am a great person, I am the best that there is, I am a winner, I am extremely handsome, I am amazingly beautiful. Ultimately, you will condition your brain to think and act with this kind of positivity. And when success comes as a result of this positive attitude, take time to celebrate, however minimal this success seems.
  6. One thing I have discovered about life is that the best age to be is 45 to 55 years as you are able to skillfully take calculated risks.
  7. Awards are given out as a reward to those who have a positive impact on their communities and the country or region they operate.
  8. Service to humanity and leadership to humanity is a humble calling
  9. It is an effort and requirement for all of us to reach out to the youth through mentorship. This way, we empower them to leave a tangible mark wherever they go and make society a better place.
  10. If all your friends are always affirming you, you will end up living in a comfort zone.
  11. Take a risk and explore new things, new targets, smile differently, work differently. People who don’t change become salty.
  12. The worst thing that you can ever do is to yourself is to compare yourself with another person. You have to always remember that you are the only version of yourself in the whole world.
  13. It is wise to avoid unnecessary competition with your peers, with your colleagues, with your family members. You better learn to compete with only one person in life – yourself.
  14. Never allow people to define you or your capacity. Be assertive and learn to go for what you want in life without seeking the approval of everyone around you. Have a total control of your life and break the chains of unrealistic societal expectations that will always turn into a frustrating mirage chase.
  15. There is joy in diversity. Life could be very boring if we were all looking the same, talking the same language or belonging to the same religion. Learn to accommodate other people.

Which of the quotes above inspired you most? Comment below,

Comment using Facebook

Continue Reading

Aviation

CEO Dennis Muilenburg Stripped Off Boeing’s Chairman Title as Company Separates Roles

News Team

Published

on

Boeing’s Board has removed CEO Dennis Muilenburg’s title as chairman in an unexpected strategy shift as announced by the U.S. plane maker on Friday.

The latest step which the board has taken in recent weeks to improve executive oversight of its engineering ranks and industrial operations was separating the roles which would pave way for Muilenburg to have ‘maximum focus’ on steering Boeing’s daily operations.

In an announcement on Friday afternoon, Boeing said that lead Director David Calhoun, a senior managing director at Blackstone Group, will take over as non-executive chairman. The announcement expressed the Board’s confidence in Muilenburg, who would remain on the board and retain the top job.

“The board has full confidence in Dennis as CEO and believes this division of labor will enable maximum focus on running the business with the board playing an active oversight role,” Calhoun said in the statement.

This decision was brought forth as company has been striving to put its best selling 737 MAX back in service after the safety ban which had been issued worldwide in March after two crashes which left 346 people dead in Indonesia and Ethiopia. The decision has also been partly brought forth after Muilenburg survived a split in his roles as CEO and chairman, a motion which had been put forth by shareholders six months ago. This is part of the very intense pressure he has felt in the four years which he has been working at the helm of the world’s largest plane maker.

Boeing and U.S. regulators were criticized over certification of the plane earlier on Friday by an international aviation panel. It was revealed by an internal review that the company was looking to re-organize its engineering reporting lines company-wide and ensure higher ranking officials and also achieves the increase at which the reception of feedback concerning safety issues from the lower levels of the company. Weekly reports of potential safety issues discussed in meetings of rank and file engineers were taken to Muilenburg as part of the move too.

Muilenburg is required to testify before U.S. House panel on 30th October and questions have been raised by lawmakers about 737 MAX certification. More than 100 lawsuits are also being held against the company concerning the crashes alleging flaws in the design.

Comment using Facebook

Continue Reading

Trending

Copyright © 2019 INVERSK MAGAZINE. Developed by ITIPS