SlideShare uma empresa Scribd logo
Written by Kennedy Nyabwala - About Me,
I am an entrepreneur and currently working for a leading Internet Company in Kenya
OLX, Inc.,
I have over 5 years of experience in Sales, Business Development, Research and
Marketing
I am very passionate about the Consumer trends / Behavior locally and internationally
Areas of interest: Oil, Real Estate, E-Commerce & Research.
Contacts: Cell +254 723 418 511 Email: Kennedy@Kenyabwala.com

HOW TO START A BUSINESS IN KENYA WITH ONLY KES 200,000 (USD 2298)
Every single day of my life I normally put myself to task as to how I can help improve the
lives of other Kenyans who ready to invest in ideas that could make them the
millionaires next door
Every year the Kenyan universities produce over 50,000 graduates, with the current
Cc
unemployment rate which is at 41% of the Population, This is a disaster.
This means we are rich in Human resource but opportunities do not exist?
So I came up with over 21 Business ideas that Kenyans can start today and make a
living:
1) ERRANDS boy /Girl :
Peak time 8:00 am and 5:00 pm , this would actually involve you looking for
Parking spots on behalf of your clients , It is a FACT most people struggle to locate
a parking spot Especially the Working class who attend evening MBA classes in
town, Other things would also be Purchasing items / Doing banking transactions
on behalf : you can charge only 50/= per client and you can serve as many as 100
people per day , this is 5000/= per day and would be 100,000/= per month
(assuming you work for 20 days - i.e. 4 weeks)
2) DAY Care School / :
Research shows many Kenyans have started trusting day Care Schools, This is a
huge potential business with many parents actually paying over 30,000 per child
(depends on Location) per week, what do you Need? A clean well ventilated
room with adequate security and you are good to go, you can make UP TO
1,000,000 Clean money, and this heavily depends on Trust.
3) CAR Wash:
How Often do you clean your Car ? How much do you pay? , this is a Booming Business ,
on average you would charge 300/= per car (body wash) IF you have a good location and
motivated staff you can manage 100 cars per day , this is 30,000 Per day , assuming you
work for 20 days a month you make a clean Gross income of 600,000/=
4) Join a Sacco
Did you know you can join a Sacco in Kenya and be given 5 times the amount borrowed?
This will allow you to expand your business with a very good Capital base and low
interest. STIMA SACCO is currently the best
5) FMCG supplier,
Yes for 50K only, you can be a leading supplier of BIDCO Kenya, COCACOLA, RAMCO,
CROWN GROUP, there are 2 approaches in this , 1) to be subcontracted by the
Appointed Agents 2) to do it solo by buying as a Wholesaler
6) Movie Shop in Kenya :
According to Hollywood research , in Africa Kenya comes in 4th as a market for film
Products that is after SA, Egypt and Nigeria , this is Huge potential , with a small Capital
of as little as 30K, you can make up to 4K daily .
7) Coffee Shop,
Have you ever learnt How JAVA Kenya entrepreneur started? It was a small room with
only 2 waiters, his Motto was quality in service and convenience, After 1 year his capital
base grew from 35,000 to 5,000,000.
8) BALD HEAD – Hair refill
Research Shows, over 75 % of men get bald (mine has just started so al be your first
client), In Kenya we have a Population of 43M Kenyans This is a very simple Business,
you just Buy Hair fiber refill, other hair fibers brands going for as low as 15USD per can
in the US can be imported and the you translate it to Cash
There are BIG opportunities both as a Retailer and as a Wholesaler; ALL you need is to
get your marketing right
9) ANGER Management Professionals –
Research shows that at least 3 out of every 10 people are ANGRY, So many People in
Kenya, Parents and Kids get Angry at one given Point; this is due to a number of factors
starting from Political issues, Poor economy, to Personal issues, At the Moment we do
not Have ANY anger management professionals, all we have are Psychologists who
assist .., you CAN make it BIG here
10) PRIVATE Docs and Bulk Storage –
Have you ever thought about the security of your Title deeds, Certificates security,
Banks are currently doing this but their CORE Challenge is this is not their main Business.
They are more interested in storing Money as opposed to Docs...

11) With 1000,000 KES buy LAND and speculate,
It is the easiest way of making money, Land appreciates by almost 25% every year..
12) If you have 500,000 KES you can BUY a second hand MATATU
"Pimp it Up” you can make around 2500 to 3000 KES per day, It is a business that has
made many Billionaire
13) If you have 250,000 KES you can actually Buy STOCK at NSE,
The best performing company is BAT with its price going up by 7/= as at yesterday..
14) If you have 125,000 KES you can start a Hair Salon / barber shop,
Let’s say, these guys make as from 3,000/= to over 15,000 per day (depends on location
)
15) If you have 70,000 , I would do a lot of Farming ,
In KITALE for example you can Hire a 1 acre of land for 30,000 and do farming of Maize
which is a staple food in Kenya, Returns are as high as 300,000 KES after 4 months
16) For 300 K I would suggest the following businesses
FMCG Distribution Soda, Coca-Cola, Pepsi or mineral water
how? you can buy 2 Motorcycles each at 50,000 (second hand )
and then this leaves you with a Cool 200K meaning you can buy how many 300Ml
bottles at 15/= for a wholesale price 200K/15 = 13,333 bottles , So what’s the
Distribution Price ,? = 19/= per bottles, so you make (4/= per bottle X 13,333) = 253,327
/= Your Gross Profit margin is 53,327, assume 3000/= is for fuel and other expenses,
then you can easily net 50,000/= per week / for 3 days depending on Manpower,
In 2 years you are a Millionaire . How? 50,000 net per week X 96 weeks (2 years)
= 4,800,000

17) FREELANCE TOUR GUIDE :
Tourism is actually the 2nd largest contributor to Kenya's foreign exchange following
agriculture , According to the Tourist board statistics, Kenya now receives over 300,000
+ visitors every year, now this shows we receive an of (300,000 / 12) = 25,000 Visitors
every month ..
(Excluding high seasons i would give it 60% less EVERY MONTH = [25000]-[25,000*0.6] =
10,000 Visitors monthly, How many days do you want to work for? 20 days excluding
weekends, narrows your target market to = 10,000/20 = 500 visitors per day.
REMEMBER YOU ARE SMALL = target only 2% of 500 ,= 10 visitors per day ,
HOW MUCH IS A NICE 10 SEATER TOUR VAN FOR HIRE = 10000/= Per day
YOUR TOUR CHARGE ? 75 USD per day * 87.0 = 6525 per visitor * 10 = 65,250 per trip,
expenses = (petrol 10,000) + ( Van Hire 10,000) + (TAX-VAT 16% of 65,250= 10,440) =
30,440 .
Net Income = 65250 - 30,440 = 34,810 on a Good day ...
Growth on this business depends on high levels of trust and a strong online marketing
strategy like a good website.
18) RE-USABLE BABY DIAPER RETAILER;
According to research from the world bank, there are 31.93 births /1000 people , if we
go by the working population which is 40% of 40M Kenyans = 16 M Kenyans / 1000 =
16000 Kenyans * 31.93 births = 510,880 Kids born per year meaning monthly 510,880
/12 = 42,573 .Kids Per month
, A small Businessman targets the Middle class , start with 2% as a target =(2%* 42,573)
= 851 kids ..
Reusable Diapers in India are very affordable, going for only 150/= (after customs duty)
in a pack of six, if you make 50/= per pack then (851 *50) = 42,550 Per month, use
10,000 for distribution = Net = 32,550.
19) LANGUAGE ONLINE COACH / TRANSLATOR :
Are you eloquent in English / Swahili / French , this is a booming Business online , we
have over 30 embassies in Kenya and we do not have any proper website that can coach
foreigners to know the Kenyan languages , ( apart from through Google and Skype ) so
how would this work ? Build a strong website with ability to hold video Conferencing
and Online payments solutions like Mpesa , Visa and Master card , A good website
would cost you 25,000/ =
How many users are you targeting a day? 10 only, Charges?? 30 USD per hour ,
assuming they go for 2 hrs. each then (10*30)*87 = 26,100 per hour , if you do only 6
hours a day then this would be 26,100 *6 = 156,600
After VAT= (156,600)- (16% of 156,600) = 131,544
This Business enables you to evade Fixed Costs like Rent and Service Charges hence
overheads are very low
20) HOME CLEANING SERVICES ;
Yes , A booming Business started by PARAPET cleaning services with a Capital of only
10,000 / = , How did he start ? he hired Women who strategically placed themselves in
different estates positioning for Business, His service charge was 1000/= He started with
10 women and paid them 500/= per house / per work done , meaning he would spend
5000/= for expenses making his profits to be 100% , after 2 years , He Registered His
Business and was able to expand from 10 employees , to over 1200 employees , He now
nets over 15,000,000 KES Per month
There's is still a Big Gap in these Businesses , and you can make it big here especially
when targeting the Middle Class ..

*******************END ************************
ALL THE BEST IN YOUR NEW BUSINESS.

Mais conteúdo relacionado

Mais procurados

FEMTOCELL TECHNOLOGY Presentation
FEMTOCELL TECHNOLOGY PresentationFEMTOCELL TECHNOLOGY Presentation
FEMTOCELL TECHNOLOGY Presentationhareesh p
 
Li fi Technology
Li fi TechnologyLi fi Technology
Li fi Technologyakhilsreyas
 
【Junior新趨勢_矽光子】
【Junior新趨勢_矽光子】【Junior新趨勢_矽光子】
【Junior新趨勢_矽光子】Collaborator
 
H&D lithium ion battery for energy storage and electrical vehicles
H&D lithium ion battery for energy storage and electrical vehiclesH&D lithium ion battery for energy storage and electrical vehicles
H&D lithium ion battery for energy storage and electrical vehiclesAlan - CALB
 
Li fi and its application
Li fi and its applicationLi fi and its application
Li fi and its applicationAuwal Amshi
 
Presentation on Femtocell technology
Presentation on Femtocell technologyPresentation on Femtocell technology
Presentation on Femtocell technologyvijay rastogi
 
Yaşamımızdaki Elektrik
Yaşamımızdaki ElektrikYaşamımızdaki Elektrik
Yaşamımızdaki ElektrikEzgimsi
 
Li fi(led transmission of data) presentation
Li fi(led transmission of data) presentationLi fi(led transmission of data) presentation
Li fi(led transmission of data) presentationKakashi57
 
Equinix introduction
Equinix introductionEquinix introduction
Equinix introductionGraeme Price
 
presentation on SUPERCAPACITOR
presentation on SUPERCAPACITORpresentation on SUPERCAPACITOR
presentation on SUPERCAPACITORGaurav Shukla
 
5G Wireless Technology
5G Wireless Technology5G Wireless Technology
5G Wireless TechnologyAbhinav Ajith
 

Mais procurados (20)

Li-Fi
Li-FiLi-Fi
Li-Fi
 
FEMTOCELL TECHNOLOGY Presentation
FEMTOCELL TECHNOLOGY PresentationFEMTOCELL TECHNOLOGY Presentation
FEMTOCELL TECHNOLOGY Presentation
 
Li fi Technology
Li fi TechnologyLi fi Technology
Li fi Technology
 
【Junior新趨勢_矽光子】
【Junior新趨勢_矽光子】【Junior新趨勢_矽光子】
【Junior新趨勢_矽光子】
 
H&D lithium ion battery for energy storage and electrical vehicles
H&D lithium ion battery for energy storage and electrical vehiclesH&D lithium ion battery for energy storage and electrical vehicles
H&D lithium ion battery for energy storage and electrical vehicles
 
Femtocell
FemtocellFemtocell
Femtocell
 
LIFI technolgy
LIFI technolgyLIFI technolgy
LIFI technolgy
 
Paper battery
Paper batteryPaper battery
Paper battery
 
Li fi and its application
Li fi and its applicationLi fi and its application
Li fi and its application
 
Microgrid
MicrogridMicrogrid
Microgrid
 
Presentation on Femtocell technology
Presentation on Femtocell technologyPresentation on Femtocell technology
Presentation on Femtocell technology
 
5G Technology
5G Technology 5G Technology
5G Technology
 
Yaşamımızdaki Elektrik
Yaşamımızdaki ElektrikYaşamımızdaki Elektrik
Yaşamımızdaki Elektrik
 
Seminar presentation on 5G
Seminar presentation on 5GSeminar presentation on 5G
Seminar presentation on 5G
 
Li fi(led transmission of data) presentation
Li fi(led transmission of data) presentationLi fi(led transmission of data) presentation
Li fi(led transmission of data) presentation
 
pureLiFi
pureLiFi pureLiFi
pureLiFi
 
Equinix introduction
Equinix introductionEquinix introduction
Equinix introduction
 
presentation on SUPERCAPACITOR
presentation on SUPERCAPACITORpresentation on SUPERCAPACITOR
presentation on SUPERCAPACITOR
 
5G Wireless Technology
5G Wireless Technology5G Wireless Technology
5G Wireless Technology
 
seminar report on Li-Fi Technology
seminar report on Li-Fi Technologyseminar report on Li-Fi Technology
seminar report on Li-Fi Technology
 

Semelhante a How to Start a Business in Kenya- 20 Business ideas you can Start today

VMOBILE DUBAI ,BUSINESS PRESENTATION
VMOBILE DUBAI ,BUSINESS PRESENTATION VMOBILE DUBAI ,BUSINESS PRESENTATION
VMOBILE DUBAI ,BUSINESS PRESENTATION Roman Aunario
 
Presentation by kaukab
Presentation by kaukabPresentation by kaukab
Presentation by kaukabKaukab Yusuf
 
VMobile PinoyBiz Presentation
VMobile PinoyBiz PresentationVMobile PinoyBiz Presentation
VMobile PinoyBiz PresentationChester Nanini
 
VMobile PinoyBiz Presentation
VMobile PinoyBiz PresentationVMobile PinoyBiz Presentation
VMobile PinoyBiz PresentationChester Nanini
 
VMobile PinoyBiz Presentation
VMobile PinoyBiz PresentationVMobile PinoyBiz Presentation
VMobile PinoyBiz PresentationChester Nanini
 
Presentation by nabeel yousuf
Presentation by nabeel yousufPresentation by nabeel yousuf
Presentation by nabeel yousufburdubai
 
OVNITRADE OPPORTUNITY
OVNITRADE OPPORTUNITY OVNITRADE OPPORTUNITY
OVNITRADE OPPORTUNITY LucasDianin
 
Affordable Business Presentation
Affordable Business PresentationAffordable Business Presentation
Affordable Business Presentationcam2gap
 
KaffeaGlobalInnovation Presentation
KaffeaGlobalInnovation PresentationKaffeaGlobalInnovation Presentation
KaffeaGlobalInnovation Presentationnajcapal
 
START YOUR OWN CREDIT AND DEBT CONSULTANT BUSINESS
START YOUR OWN CREDIT AND DEBT CONSULTANT BUSINESSSTART YOUR OWN CREDIT AND DEBT CONSULTANT BUSINESS
START YOUR OWN CREDIT AND DEBT CONSULTANT BUSINESSCheryl's Space
 
Mrpl plan new english
Mrpl plan new englishMrpl plan new english
Mrpl plan new englishJhumpa Bhowmk
 
VMobile Power Presentation
VMobile Power PresentationVMobile Power Presentation
VMobile Power Presentationpaulsy0524
 
Economic survey
Economic surveyEconomic survey
Economic surveyiChange
 
Mvt business package mass v4
Mvt business package mass v4Mvt business package mass v4
Mvt business package mass v4mvt9
 
Gish Plans
Gish PlansGish Plans
Gish PlansOritra
 
Gish Plans
Gish PlansGish Plans
Gish PlansOritra
 
FINAL PPT BY AMIT ARORA
FINAL PPT BY AMIT ARORAFINAL PPT BY AMIT ARORA
FINAL PPT BY AMIT ARORAorbit9x.com
 
What is corporate finance all about?
What is corporate finance all about?What is corporate finance all about?
What is corporate finance all about?Andre L. Braga
 

Semelhante a How to Start a Business in Kenya- 20 Business ideas you can Start today (20)

VMOBILE DUBAI ,BUSINESS PRESENTATION
VMOBILE DUBAI ,BUSINESS PRESENTATION VMOBILE DUBAI ,BUSINESS PRESENTATION
VMOBILE DUBAI ,BUSINESS PRESENTATION
 
Presentation by kaukab
Presentation by kaukabPresentation by kaukab
Presentation by kaukab
 
VMobile PinoyBiz Presentation
VMobile PinoyBiz PresentationVMobile PinoyBiz Presentation
VMobile PinoyBiz Presentation
 
VMobile PinoyBiz Presentation
VMobile PinoyBiz PresentationVMobile PinoyBiz Presentation
VMobile PinoyBiz Presentation
 
VMobile PinoyBiz Presentation
VMobile PinoyBiz PresentationVMobile PinoyBiz Presentation
VMobile PinoyBiz Presentation
 
Presentation by nabeel yousuf
Presentation by nabeel yousufPresentation by nabeel yousuf
Presentation by nabeel yousuf
 
OVNITRADE OPPORTUNITY
OVNITRADE OPPORTUNITY OVNITRADE OPPORTUNITY
OVNITRADE OPPORTUNITY
 
Affordable Business Presentation
Affordable Business PresentationAffordable Business Presentation
Affordable Business Presentation
 
KaffeaGlobalInnovation Presentation
KaffeaGlobalInnovation PresentationKaffeaGlobalInnovation Presentation
KaffeaGlobalInnovation Presentation
 
START YOUR OWN CREDIT AND DEBT CONSULTANT BUSINESS
START YOUR OWN CREDIT AND DEBT CONSULTANT BUSINESSSTART YOUR OWN CREDIT AND DEBT CONSULTANT BUSINESS
START YOUR OWN CREDIT AND DEBT CONSULTANT BUSINESS
 
Mrpl plan new english
Mrpl plan new englishMrpl plan new english
Mrpl plan new english
 
VMobile Power Presentation
VMobile Power PresentationVMobile Power Presentation
VMobile Power Presentation
 
Economic survey
Economic surveyEconomic survey
Economic survey
 
Mvt business package mass v4
Mvt business package mass v4Mvt business package mass v4
Mvt business package mass v4
 
Gish Plans
Gish PlansGish Plans
Gish Plans
 
Gish Plans
Gish PlansGish Plans
Gish Plans
 
VMobile Business Opportunity Presentation
VMobile Business Opportunity PresentationVMobile Business Opportunity Presentation
VMobile Business Opportunity Presentation
 
FINAL PPT BY AMIT ARORA
FINAL PPT BY AMIT ARORAFINAL PPT BY AMIT ARORA
FINAL PPT BY AMIT ARORA
 
Wakeupnow
WakeupnowWakeupnow
Wakeupnow
 
What is corporate finance all about?
What is corporate finance all about?What is corporate finance all about?
What is corporate finance all about?
 

Último

Salesforce in Life Sciences - Best Ways to Leverage The CRM for Clinical Trials
Salesforce in Life Sciences - Best Ways to Leverage The CRM for Clinical TrialsSalesforce in Life Sciences - Best Ways to Leverage The CRM for Clinical Trials
Salesforce in Life Sciences - Best Ways to Leverage The CRM for Clinical TrialsFEXLE
 
12 Conversion Rate Optimization Strategies for Ecommerce Websites.pdf
12 Conversion Rate Optimization Strategies for Ecommerce Websites.pdf12 Conversion Rate Optimization Strategies for Ecommerce Websites.pdf
12 Conversion Rate Optimization Strategies for Ecommerce Websites.pdfSOFTTECHHUB
 
Unleash Data Power with EnFuse Solutions' Comprehensive Data Management Servi...
Unleash Data Power with EnFuse Solutions' Comprehensive Data Management Servi...Unleash Data Power with EnFuse Solutions' Comprehensive Data Management Servi...
Unleash Data Power with EnFuse Solutions' Comprehensive Data Management Servi...Rahul Bedi
 
Series A Fundraising Guide (Investing Individuals Improving Our World) by Accion
Series A Fundraising Guide (Investing Individuals Improving Our World) by AccionSeries A Fundraising Guide (Investing Individuals Improving Our World) by Accion
Series A Fundraising Guide (Investing Individuals Improving Our World) by AccionAlejandro Cremades
 
Falcon Invoice Discounting Setup for Small Businesses
Falcon Invoice Discounting Setup for Small BusinessesFalcon Invoice Discounting Setup for Small Businesses
Falcon Invoice Discounting Setup for Small BusinessesFalcon investment
 
8 Questions B2B Commercial Teams Can Ask To Help Product Discovery
8 Questions B2B Commercial Teams Can Ask To Help Product Discovery8 Questions B2B Commercial Teams Can Ask To Help Product Discovery
8 Questions B2B Commercial Teams Can Ask To Help Product DiscoveryDesmond Leo
 
The Ultimate Guide to IPTV App Development Process_ Step-By-Step Instructions
The Ultimate Guide to IPTV App Development Process_ Step-By-Step InstructionsThe Ultimate Guide to IPTV App Development Process_ Step-By-Step Instructions
The Ultimate Guide to IPTV App Development Process_ Step-By-Step InstructionsWHMCS Smarters
 
A Brief Introduction About Jacob Badgett
A Brief Introduction About Jacob BadgettA Brief Introduction About Jacob Badgett
A Brief Introduction About Jacob BadgettJacobBadgett
 
Evolution and Growth of Supply chain.pdf
Evolution and Growth of Supply chain.pdfEvolution and Growth of Supply chain.pdf
Evolution and Growth of Supply chain.pdfGutaMengesha1
 
Future of Trade 2024 - Decoupled and Reconfigured - Snapshot Report
Future of Trade 2024 - Decoupled and Reconfigured - Snapshot ReportFuture of Trade 2024 - Decoupled and Reconfigured - Snapshot Report
Future of Trade 2024 - Decoupled and Reconfigured - Snapshot ReportDubai Multi Commodity Centre
 
Raising Seed Capital by Steve Schlafman at RRE Ventures
Raising Seed Capital by Steve Schlafman at RRE VenturesRaising Seed Capital by Steve Schlafman at RRE Ventures
Raising Seed Capital by Steve Schlafman at RRE VenturesAlejandro Cremades
 
Stages of Startup Funding - An Explainer
Stages of Startup Funding - An ExplainerStages of Startup Funding - An Explainer
Stages of Startup Funding - An ExplainerAlejandro Cremades
 
Using Generative AI for Content Marketing
Using Generative AI for Content MarketingUsing Generative AI for Content Marketing
Using Generative AI for Content MarketingChuck Aikens
 
Event Report - IBM Think 2024 - It is all about AI and hybrid
Event Report - IBM Think 2024 - It is all about AI and hybridEvent Report - IBM Think 2024 - It is all about AI and hybrid
Event Report - IBM Think 2024 - It is all about AI and hybridHolger Mueller
 
Inside the Black Box of Venture Capital (VC)
Inside the Black Box of Venture Capital (VC)Inside the Black Box of Venture Capital (VC)
Inside the Black Box of Venture Capital (VC)Alejandro Cremades
 
How Do Venture Capitalists Make Decisions?
How Do Venture Capitalists Make Decisions?How Do Venture Capitalists Make Decisions?
How Do Venture Capitalists Make Decisions?Alejandro Cremades
 
What is social media.pdf Social media refers to digital platforms and applica...
What is social media.pdf Social media refers to digital platforms and applica...What is social media.pdf Social media refers to digital platforms and applica...
What is social media.pdf Social media refers to digital platforms and applica...AnaBeatriz125525
 
Byrd & Chen’s Canadian Tax Principles 2023-2024 Edition 1st edition Volumes I...
Byrd & Chen’s Canadian Tax Principles 2023-2024 Edition 1st edition Volumes I...Byrd & Chen’s Canadian Tax Principles 2023-2024 Edition 1st edition Volumes I...
Byrd & Chen’s Canadian Tax Principles 2023-2024 Edition 1st edition Volumes I...ssuserf63bd7
 
India’s Recommended Women Surgeons to Watch in 2024.pdf
India’s Recommended Women Surgeons to Watch in 2024.pdfIndia’s Recommended Women Surgeons to Watch in 2024.pdf
India’s Recommended Women Surgeons to Watch in 2024.pdfCIOLOOKIndia
 
Revolutionizing Industries: The Power of Carbon Components
Revolutionizing Industries: The Power of Carbon ComponentsRevolutionizing Industries: The Power of Carbon Components
Revolutionizing Industries: The Power of Carbon ComponentsConnova AG
 

Último (20)

Salesforce in Life Sciences - Best Ways to Leverage The CRM for Clinical Trials
Salesforce in Life Sciences - Best Ways to Leverage The CRM for Clinical TrialsSalesforce in Life Sciences - Best Ways to Leverage The CRM for Clinical Trials
Salesforce in Life Sciences - Best Ways to Leverage The CRM for Clinical Trials
 
12 Conversion Rate Optimization Strategies for Ecommerce Websites.pdf
12 Conversion Rate Optimization Strategies for Ecommerce Websites.pdf12 Conversion Rate Optimization Strategies for Ecommerce Websites.pdf
12 Conversion Rate Optimization Strategies for Ecommerce Websites.pdf
 
Unleash Data Power with EnFuse Solutions' Comprehensive Data Management Servi...
Unleash Data Power with EnFuse Solutions' Comprehensive Data Management Servi...Unleash Data Power with EnFuse Solutions' Comprehensive Data Management Servi...
Unleash Data Power with EnFuse Solutions' Comprehensive Data Management Servi...
 
Series A Fundraising Guide (Investing Individuals Improving Our World) by Accion
Series A Fundraising Guide (Investing Individuals Improving Our World) by AccionSeries A Fundraising Guide (Investing Individuals Improving Our World) by Accion
Series A Fundraising Guide (Investing Individuals Improving Our World) by Accion
 
Falcon Invoice Discounting Setup for Small Businesses
Falcon Invoice Discounting Setup for Small BusinessesFalcon Invoice Discounting Setup for Small Businesses
Falcon Invoice Discounting Setup for Small Businesses
 
8 Questions B2B Commercial Teams Can Ask To Help Product Discovery
8 Questions B2B Commercial Teams Can Ask To Help Product Discovery8 Questions B2B Commercial Teams Can Ask To Help Product Discovery
8 Questions B2B Commercial Teams Can Ask To Help Product Discovery
 
The Ultimate Guide to IPTV App Development Process_ Step-By-Step Instructions
The Ultimate Guide to IPTV App Development Process_ Step-By-Step InstructionsThe Ultimate Guide to IPTV App Development Process_ Step-By-Step Instructions
The Ultimate Guide to IPTV App Development Process_ Step-By-Step Instructions
 
A Brief Introduction About Jacob Badgett
A Brief Introduction About Jacob BadgettA Brief Introduction About Jacob Badgett
A Brief Introduction About Jacob Badgett
 
Evolution and Growth of Supply chain.pdf
Evolution and Growth of Supply chain.pdfEvolution and Growth of Supply chain.pdf
Evolution and Growth of Supply chain.pdf
 
Future of Trade 2024 - Decoupled and Reconfigured - Snapshot Report
Future of Trade 2024 - Decoupled and Reconfigured - Snapshot ReportFuture of Trade 2024 - Decoupled and Reconfigured - Snapshot Report
Future of Trade 2024 - Decoupled and Reconfigured - Snapshot Report
 
Raising Seed Capital by Steve Schlafman at RRE Ventures
Raising Seed Capital by Steve Schlafman at RRE VenturesRaising Seed Capital by Steve Schlafman at RRE Ventures
Raising Seed Capital by Steve Schlafman at RRE Ventures
 
Stages of Startup Funding - An Explainer
Stages of Startup Funding - An ExplainerStages of Startup Funding - An Explainer
Stages of Startup Funding - An Explainer
 
Using Generative AI for Content Marketing
Using Generative AI for Content MarketingUsing Generative AI for Content Marketing
Using Generative AI for Content Marketing
 
Event Report - IBM Think 2024 - It is all about AI and hybrid
Event Report - IBM Think 2024 - It is all about AI and hybridEvent Report - IBM Think 2024 - It is all about AI and hybrid
Event Report - IBM Think 2024 - It is all about AI and hybrid
 
Inside the Black Box of Venture Capital (VC)
Inside the Black Box of Venture Capital (VC)Inside the Black Box of Venture Capital (VC)
Inside the Black Box of Venture Capital (VC)
 
How Do Venture Capitalists Make Decisions?
How Do Venture Capitalists Make Decisions?How Do Venture Capitalists Make Decisions?
How Do Venture Capitalists Make Decisions?
 
What is social media.pdf Social media refers to digital platforms and applica...
What is social media.pdf Social media refers to digital platforms and applica...What is social media.pdf Social media refers to digital platforms and applica...
What is social media.pdf Social media refers to digital platforms and applica...
 
Byrd & Chen’s Canadian Tax Principles 2023-2024 Edition 1st edition Volumes I...
Byrd & Chen’s Canadian Tax Principles 2023-2024 Edition 1st edition Volumes I...Byrd & Chen’s Canadian Tax Principles 2023-2024 Edition 1st edition Volumes I...
Byrd & Chen’s Canadian Tax Principles 2023-2024 Edition 1st edition Volumes I...
 
India’s Recommended Women Surgeons to Watch in 2024.pdf
India’s Recommended Women Surgeons to Watch in 2024.pdfIndia’s Recommended Women Surgeons to Watch in 2024.pdf
India’s Recommended Women Surgeons to Watch in 2024.pdf
 
Revolutionizing Industries: The Power of Carbon Components
Revolutionizing Industries: The Power of Carbon ComponentsRevolutionizing Industries: The Power of Carbon Components
Revolutionizing Industries: The Power of Carbon Components
 

How to Start a Business in Kenya- 20 Business ideas you can Start today

  • 1. Written by Kennedy Nyabwala - About Me, I am an entrepreneur and currently working for a leading Internet Company in Kenya OLX, Inc., I have over 5 years of experience in Sales, Business Development, Research and Marketing I am very passionate about the Consumer trends / Behavior locally and internationally Areas of interest: Oil, Real Estate, E-Commerce & Research. Contacts: Cell +254 723 418 511 Email: Kennedy@Kenyabwala.com HOW TO START A BUSINESS IN KENYA WITH ONLY KES 200,000 (USD 2298) Every single day of my life I normally put myself to task as to how I can help improve the lives of other Kenyans who ready to invest in ideas that could make them the millionaires next door Every year the Kenyan universities produce over 50,000 graduates, with the current Cc unemployment rate which is at 41% of the Population, This is a disaster. This means we are rich in Human resource but opportunities do not exist? So I came up with over 21 Business ideas that Kenyans can start today and make a living: 1) ERRANDS boy /Girl : Peak time 8:00 am and 5:00 pm , this would actually involve you looking for Parking spots on behalf of your clients , It is a FACT most people struggle to locate a parking spot Especially the Working class who attend evening MBA classes in town, Other things would also be Purchasing items / Doing banking transactions on behalf : you can charge only 50/= per client and you can serve as many as 100 people per day , this is 5000/= per day and would be 100,000/= per month (assuming you work for 20 days - i.e. 4 weeks) 2) DAY Care School / : Research shows many Kenyans have started trusting day Care Schools, This is a huge potential business with many parents actually paying over 30,000 per child (depends on Location) per week, what do you Need? A clean well ventilated room with adequate security and you are good to go, you can make UP TO 1,000,000 Clean money, and this heavily depends on Trust.
  • 2. 3) CAR Wash: How Often do you clean your Car ? How much do you pay? , this is a Booming Business , on average you would charge 300/= per car (body wash) IF you have a good location and motivated staff you can manage 100 cars per day , this is 30,000 Per day , assuming you work for 20 days a month you make a clean Gross income of 600,000/= 4) Join a Sacco Did you know you can join a Sacco in Kenya and be given 5 times the amount borrowed? This will allow you to expand your business with a very good Capital base and low interest. STIMA SACCO is currently the best 5) FMCG supplier, Yes for 50K only, you can be a leading supplier of BIDCO Kenya, COCACOLA, RAMCO, CROWN GROUP, there are 2 approaches in this , 1) to be subcontracted by the Appointed Agents 2) to do it solo by buying as a Wholesaler 6) Movie Shop in Kenya : According to Hollywood research , in Africa Kenya comes in 4th as a market for film Products that is after SA, Egypt and Nigeria , this is Huge potential , with a small Capital of as little as 30K, you can make up to 4K daily . 7) Coffee Shop, Have you ever learnt How JAVA Kenya entrepreneur started? It was a small room with only 2 waiters, his Motto was quality in service and convenience, After 1 year his capital base grew from 35,000 to 5,000,000. 8) BALD HEAD – Hair refill Research Shows, over 75 % of men get bald (mine has just started so al be your first client), In Kenya we have a Population of 43M Kenyans This is a very simple Business, you just Buy Hair fiber refill, other hair fibers brands going for as low as 15USD per can in the US can be imported and the you translate it to Cash There are BIG opportunities both as a Retailer and as a Wholesaler; ALL you need is to get your marketing right
  • 3. 9) ANGER Management Professionals – Research shows that at least 3 out of every 10 people are ANGRY, So many People in Kenya, Parents and Kids get Angry at one given Point; this is due to a number of factors starting from Political issues, Poor economy, to Personal issues, At the Moment we do not Have ANY anger management professionals, all we have are Psychologists who assist .., you CAN make it BIG here 10) PRIVATE Docs and Bulk Storage – Have you ever thought about the security of your Title deeds, Certificates security, Banks are currently doing this but their CORE Challenge is this is not their main Business. They are more interested in storing Money as opposed to Docs... 11) With 1000,000 KES buy LAND and speculate, It is the easiest way of making money, Land appreciates by almost 25% every year.. 12) If you have 500,000 KES you can BUY a second hand MATATU "Pimp it Up” you can make around 2500 to 3000 KES per day, It is a business that has made many Billionaire 13) If you have 250,000 KES you can actually Buy STOCK at NSE, The best performing company is BAT with its price going up by 7/= as at yesterday.. 14) If you have 125,000 KES you can start a Hair Salon / barber shop, Let’s say, these guys make as from 3,000/= to over 15,000 per day (depends on location ) 15) If you have 70,000 , I would do a lot of Farming , In KITALE for example you can Hire a 1 acre of land for 30,000 and do farming of Maize which is a staple food in Kenya, Returns are as high as 300,000 KES after 4 months 16) For 300 K I would suggest the following businesses FMCG Distribution Soda, Coca-Cola, Pepsi or mineral water how? you can buy 2 Motorcycles each at 50,000 (second hand )
  • 4. and then this leaves you with a Cool 200K meaning you can buy how many 300Ml bottles at 15/= for a wholesale price 200K/15 = 13,333 bottles , So what’s the Distribution Price ,? = 19/= per bottles, so you make (4/= per bottle X 13,333) = 253,327 /= Your Gross Profit margin is 53,327, assume 3000/= is for fuel and other expenses, then you can easily net 50,000/= per week / for 3 days depending on Manpower, In 2 years you are a Millionaire . How? 50,000 net per week X 96 weeks (2 years) = 4,800,000 17) FREELANCE TOUR GUIDE : Tourism is actually the 2nd largest contributor to Kenya's foreign exchange following agriculture , According to the Tourist board statistics, Kenya now receives over 300,000 + visitors every year, now this shows we receive an of (300,000 / 12) = 25,000 Visitors every month .. (Excluding high seasons i would give it 60% less EVERY MONTH = [25000]-[25,000*0.6] = 10,000 Visitors monthly, How many days do you want to work for? 20 days excluding weekends, narrows your target market to = 10,000/20 = 500 visitors per day. REMEMBER YOU ARE SMALL = target only 2% of 500 ,= 10 visitors per day , HOW MUCH IS A NICE 10 SEATER TOUR VAN FOR HIRE = 10000/= Per day YOUR TOUR CHARGE ? 75 USD per day * 87.0 = 6525 per visitor * 10 = 65,250 per trip, expenses = (petrol 10,000) + ( Van Hire 10,000) + (TAX-VAT 16% of 65,250= 10,440) = 30,440 . Net Income = 65250 - 30,440 = 34,810 on a Good day ... Growth on this business depends on high levels of trust and a strong online marketing strategy like a good website. 18) RE-USABLE BABY DIAPER RETAILER;
  • 5. According to research from the world bank, there are 31.93 births /1000 people , if we go by the working population which is 40% of 40M Kenyans = 16 M Kenyans / 1000 = 16000 Kenyans * 31.93 births = 510,880 Kids born per year meaning monthly 510,880 /12 = 42,573 .Kids Per month , A small Businessman targets the Middle class , start with 2% as a target =(2%* 42,573) = 851 kids .. Reusable Diapers in India are very affordable, going for only 150/= (after customs duty) in a pack of six, if you make 50/= per pack then (851 *50) = 42,550 Per month, use 10,000 for distribution = Net = 32,550. 19) LANGUAGE ONLINE COACH / TRANSLATOR : Are you eloquent in English / Swahili / French , this is a booming Business online , we have over 30 embassies in Kenya and we do not have any proper website that can coach foreigners to know the Kenyan languages , ( apart from through Google and Skype ) so how would this work ? Build a strong website with ability to hold video Conferencing and Online payments solutions like Mpesa , Visa and Master card , A good website would cost you 25,000/ = How many users are you targeting a day? 10 only, Charges?? 30 USD per hour , assuming they go for 2 hrs. each then (10*30)*87 = 26,100 per hour , if you do only 6 hours a day then this would be 26,100 *6 = 156,600 After VAT= (156,600)- (16% of 156,600) = 131,544 This Business enables you to evade Fixed Costs like Rent and Service Charges hence overheads are very low 20) HOME CLEANING SERVICES ; Yes , A booming Business started by PARAPET cleaning services with a Capital of only 10,000 / = , How did he start ? he hired Women who strategically placed themselves in different estates positioning for Business, His service charge was 1000/= He started with 10 women and paid them 500/= per house / per work done , meaning he would spend 5000/= for expenses making his profits to be 100% , after 2 years , He Registered His
  • 6. Business and was able to expand from 10 employees , to over 1200 employees , He now nets over 15,000,000 KES Per month There's is still a Big Gap in these Businesses , and you can make it big here especially when targeting the Middle Class .. *******************END ************************ ALL THE BEST IN YOUR NEW BUSINESS.