In Kenya, the economy is tough, and the rate of unemployment is increasing at an alarming rate. You can’t depend on your d. To survive, you need to increase your sources of income, and the best way to increase your revenue is to start a business.
Starting a business is not as hard as it sounds and does not necessarily need millions of shillings in the bank. Some businesses require as little as 20k as starting capital.
List of businesses to start with 20k in Kenya
For some of these businesses, you can decide to run the business alone or employ someone to run it for you as you concentrate on other businesses. To increase your market base, use social media platforms such as Facebook for advertising your business.
1. Selling of second-hand clothes ( Mitumba)
Sale of mitumba is one of the best low-budget business idea you can start with less than 20k. Youths are making huge profits by selling mitumba. To succeed, you need to identify unique and fast-moving clothes such as those for kids and ladies.
Gikomba and Toi are the best markets to buy cheap mitumba clothes in wholesale. Different garments are sold on different days so you need to identify days that suits you depending on your interests. For instance, ladies clothes are sold every Tuesday.
You can open your store or decide to sell them door to door. The profit from mitumba of sale is 100 percent or more. For instance, a simple T-shirt is sold sh 50 at Gikomba, and the same T-shirt is sold at sh 100 or sh 150 depending on the location.
2. Starting a car wash business
Car wash is another profitable business in Kenya. People are willing to pay to get their cars washed. All you need is a car wash machine and plenty of water.
Location of your business is the key to success in the market. Select a place with a high number of vehicles and watch how your business grows. A location near bars and restaurants is an added advantage. Besides the car wash, you can start a side business of selling refreshments such as Sodas.
One car is charged Ksh 200 depending on the location, and with honest and dedicated employees, you can make up to 20k a day.
3. Selling baby diapers
Diapers are needed in every house with a baby. The starting capital is between 5k and 10k. Identify a supplier who will give you a discount and your work is to find the market. Door to door selling is a good way to increase your market base.
However, you need to be careful not to buy counterfeit diapers as they have health effects on babies, and this will get you on the wrong side of your customers.
4. Operating a daycare
Are you good with children? You can make money by looking after them. With the current economy, parents are forced to be away from their children as they struggle to earn a living. You can look after these children with pay in return.
All you need is to spare a room with some furniture. You can start the business with less than 10k. Rent a house for about 3k, and you are good to start your business.
5. Selling fruits and vegetables
With a call to live a healthy life, hardly a day goes by without people eating fruits or vegetables. This is a good business which you can start with as little as 10k and make a profit from it.
Locate your business in a busy place to get more customers. Ensure your fruits and vegetables are fresh, clean, and consumable.
6. Boiled eggs business
If you have as little as 1k and want to start a business, this is for you. You need to buy a crate of eggs which costs sh 330 and some tomatoes and onions which may cost sh 200.
For the business to thrive, select a place with many people to conduct your business. One boiled egg costs sh20, and with one create of eggs, you can make a profit of around Ksh 200 or more.
7. Poultry Farming
Poultry farming is one of the most profitable businesses you can start with less than 20k. With the growth of fast food hotels, poultry products are in high demand.
You can choose to rear broilers or layers. Broilers are the best option when you want to grow the business as they take five weeks to mature. You need a spare room which you can rent for about 3k and chicken feeds
One chick costs less than Ksh. 100 and mature chicken costs at least 400 shillings, and with little maintenance, you can make a considerable profit. It is advisable to start with a few chickens and increase according to demand.
8. Roasting Maize
Roasting maize is a business you can start with a capital of less than 1000. You need a supply of fresh maize and charcoal, which will cost you around eight hundred shillings. The profit margin is 100% for every full maize sold. For instance, a full unroasted maize cost Ksh 10 and a fully roasted maize cost Ksh 20.
Locating your business in a highly-populated area will increase your returns. The market is at a peak in the evenings, but you can increase your income working throughout the day.
9. Printing and photocopying business
Printing and photocopying business will thrive around education institutions such as universities. With the high number of students who seek printing and photocopying services, you can earn a good deal.
Photocopying a paper ranges from Ksh 3 for standard documents (Black and White) to Ksh 5 for coloured papers.
With Ksh 15,000 you can get a photocopier machine. However, ensure you have a side business to cushion you when the students are away for long holidays.
Agribusiness is the best business to start when you want to succeed long- term. With less than 20,000, you can lease land and grow crops for sale. You can choose to produce fast-growing crops such as kale or grow long term crops such as maize.
For instance, leasing land for maize planting is 5000 or 6000 an acre depending on the location. Planting and weeding costs around Ksh 2500 and other expenses costing around sh 3000 while the same acre may produce about 20 sacks of maize costing 2500 per bag.
Ensure to get market for your produce before harvesting to avoid loses.
11. Use your talents
Do you have any talent? You can make money with your skills. Many youths are using their talents to earn income. If you are good at cooking, you can offer cooking services at events and earn from it. The good this is that you enjoy while working because it’s something you love doing.
12. Barbershop / Salon
A barbershop requires a shaving machine and source of power. A shaving machine costs Ksh 5k. You can offer door to door services if you don’t have a specific place to set up your business. In Salon business, you can employ someone good at braiding and work for you. Employ few people to minimize costs.
13. Event organizing
Events take place every day. If you are good at organizing these events, you can earn money. Advertising your services on social media platforms will increase your market.
The good thing is that you can start with little money to boost your work, and with hard work, you can turn it into a professional business.
You can start your business with less than 20k and watch it grow to a multi-million empire. All it needs is your passion, dedication, and hard work. If you want to start a business, use the above ideas. However, like any other businesses, the above businesses can grow or collapse. All it needs is proper management.