The starting capital that one has makes a huge impact on their business journey in Kenya. For those with, Sh. 10,000, there are plenty of business ideas that can be profitable.
As long as the person identifies opportunities by understanding consumer trends, evaluating skills and considering their interests they are ready to start.
Though the amount may look small, adopting the right approach, especially identifying a need within your community that needs solutioning, you can nurture your small business into a money-minting venture.
This is because customers are most likely to resonate with you because you understand their needs.
Since you have a little to spend on the business, using social media and the power of the internet to run most of your operations, such as marketing, could work best for the stability of your venture.
Here are a variety of business ideas that could get you started with only Sh. 10,000 in Kenya:
1. Mitumba (Second-hand clothes) business
Compared to other ventures, launching a Mitumba requires a lower capital since the business is flexible and can be run from various locations including; road-side stalls, open-air markets and through online social media platforms.
Due to its high demand, suppliers and resellers who are keen on sourcing good quality items in these secondhand commodities are assured of high returns.
The initial investment caters to the purchase of stock Sh. 5,000 – Sh. 7,000 for a bale, obtaining necessary permits at Sh. 1,000, Basic transportation costs at Sh. 500 – Sh. 1,000 and marketing costs for Sh. 500 – Sh. 1,000 for social media ads.
Profitable businesses you can start in Kenya with Sh.20,000 – Sh.100,000
2. Home Salon Business
Home salon businesses are also convenient to start. With only Sh. 10,000, you can start a home salon where you can do hair dressing, offer barber services and also nail parlor services.
To achieve this you’ll need to invest in primary equipment including; hair clippers, scissors, blow dry machines, hair products, combs, a variety of polishes and a UV nail dryer. This may cost a total of Sh. 5,000.
Successful marketing will be the lifeline of your venture. You can promote your services by word of mouth and on social media, and set appropriate prices for your services.
3. Blogging
A blog is a good venture to start with low capital since it only calls for the mastery of strong writing skills and a keener interest in a given subject.
Other expenses that go into running the venture include the purchase of a domain name and hosting services, whose subscription fee varies annually between Sh. 2,000 and Sh. 6,000.