Everybody in Kenya is involved in a side business. But several barriers keep people from taking the next step toward turning their side hustle into a successful business. It’s crucial to stick with your hustle and make the right choice. You may find the most profitable business possibilities and ideas in Kenya in this article. These business concepts have been tried and tested, and they have also shown to be quite successful.
To launch a business, you don’t need to be incredibly wealthy. The business endeavors covered in this article can be launched with little to no initial funding. If you know what you’re doing, you’ll start making money in a couple of months or perhaps the following week.
Interior Designing
One of the most lucrative business opportunities in Kenya is becoming an interior designer. If you enjoy setting up furniture and designing spaces, this could make a great side job or full-time venture for you. Kenyan property owners are increasingly seeking the advice of designers to help them create enchantment with interior design as the country develops.
Food business
Food is a basic human need, therefore whether you sell raw materials or run a cafeteria, people will come to you for your services. If you want to make people happy, you can conduct a study on the foods that are scarce in your area and try to figure out how to compensate. You will generate money and make people happy by bridging the gap. If you are interested in the food business, you can begin making arrangements to launch your own.
Agribusiness
Agriculture is a major component of Kenya’s economy. Over 40% of Kenya’s workforce is employed there, and it contributes about 30% of the country’s GDP. Since they have a low entry barrier and a significant potential for expansion with a small initial capital investment, agribusinesses are very profitable.
The three most lucrative agricultural ventures in Kenya are agroforestry, crop cultivation, and animal raising. If you live in a rural area with some land or have access to one, this is extremely advantageous. Agribusinesses can earn up to KES 120K per month, and in the proper market, small businesses can achieve significant financial success.
Cosmetics business in Kenya
The beauty industry, a multibillion-dollar global industry, has integrated itself into Kenya’s entrepreneurial culture. One of the most profitable business ideas in Kenya is selling cosmetics like make-up, nail polish, and skin and hair care items. Businesses like Bu.ke (‘Buy Kenya’), started as a modest local company and are now one of Kenya’s top organic cosmetic brands.
Additionally, you might offer cosmetic treatments like cosmetics, pedicures, and manicures. In this industry, all you need are some cosmetics and possibly some space for a shop if your company takes off. The initial outlay is worthwhile, particularly if you make your natural items. Cities where many customers can afford your services or goods, like Nairobi, Mombasa, and Kisumu, are where cosmetics firms flourish. Businesses have reported making anywhere between KES 5K and KES 15K every day, even though the initial expenditure can be between KES 50K and KES 500K.
Event planning/coordinating
Event management is a fantastic alternative if you’re searching for a side career that won’t interfere with your 9 to 5 employment. Birthdays and weddings are two occasions that typically happen outside of the typical working week. Because events frequently take place on weekends and holidays, you have a fantastic opportunity to work as an event planner and earn some extra money when you’re not working. Event planning involves a variety of services, such as:
- Catering
- Decorations
- Tent hire
- Logistics
- Entertainment
- Collaborating with subcontractors
Depending on how much you charge for every event and how many you host each month, this business offers a high-profit potential. You could make up to KES 50K+, depending on the size and scope of the event.
At the beginning of your job, you might plan events for friends or acquaintances. If you do well, word of your nice deeds will spread rapidly, and before you know it, your weekends will be completely booked. Then you can start making hires to support the expansion of your company.
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