Business ideas are a great way to generate more income either passively or actively. With the unpredictable current economy, a lot of Kenyans are looking for all means possible to increase the amount of money they earn. Some are looking for promising small business ideas that require little to no capital that they can start.
Best Business Ideas that require little capital that you can start in Kenya
I spared some time and went ahead to dig in to see if there are any possible business ideas that you can start in Kenya and actually earn. Below is a list of the best ideas that I found. I also researched on what is needed from you before you can even think of trying it.
Looking for a job? Take a look at Science Writer Needed At UN Environment Programme
List of best business ideas to start
1. Business Ideas In Agriculture
- Agribusiness (e.g., farming, ranching, aquaculture)
- Food processing and packaging
- Food distribution and retail
- Agricultural technology (e.g., drones, sensors, software)
2. Business Ideas In Technology
- Software development
- Web design and development
- Mobile app development
- IT consulting and support
- E-commerce
- Online tutoring
- Digital Marketing
3. Service-Related Business Ideas
- Tourism and travel
- Event planning and management
- Real estate
- Financial services
- Education and training
- Healthcare
- Transportation and logistics
- Home cleaning and maintenance
- Security services
- Veterinary services
Business Ideas In Agriculture
Agriculture is the backbone of the Kenyan economy. Agriculture deals in the production of farm products like maize, beans, and tea and animal products like milk, animal skin, and meat.
In Kenya, an average farmer earns around KSH 47,000 per month. There is no limit to how much a well-experienced and creative farmer can earn, the profit margin can not be estimated.
To start an agricultural farm in Kenya you will need the following:
- Do a lot of research and gain insight into what farm produce/ animal you want to rear, the market size, competition, and the place in Kenya where the business idea is more likely to flourish.
- Then write a business plan that will outline your goals, strategies that you will use to achieve your goals, the needed budget, and the risks associated with the idea. The business plan will help you in securing the necessary capital needed to start.
- After all this is done and achieved, the next step will be preparing your farm for cultivation by plowing, harrowing, and fertilizing it ready for planting. Select the best seeds/seedlings or livestock breeds if you prefer animal farming.
You will need to be consistent in what you start and always learn new working methods and apply them. The best part is that this business idea is suitable for both men and women regardless of age or occupation. The farm produce can be sold to food processing and packaging industries/retailers or hotels and restaurants.
Business Ideas In Technology
The world is quickly evolving and new trends are always emerging. Technology is one of the fastest-growing sectors in Kenya. More Kenyans are using it but a few people know how to come up with creative and time-stealing gadgets and technologies.
Let’s take the Kenyan Electric car that was recently circulating over social media, the car left a lot of people in aw. Technology will be an ever-green business idea in Kenya and the earlier you learn its basics the better.
Get the latest internship opportunities on Education Plus today.
Profitable areas to cover in technology as a business idea
Software development
Software development is the process of creating and maintaining software applications. Software developers use a variety of programming languages and tools to design, develop, and test software applications. Some of these programming languages are Java, python, JavaScript, and C.
Web design and development
Web design and development is the process of creating and maintaining websites. Web designers create the visual appearance of websites, while web developers create the underlying code that makes websites function.
Mobile app development
Mobile app development is the process of creating and maintaining mobile applications. Mobile app developers use a variety of programming languages and tools to create apps that can be run on smartphones and tablets.
IT consulting and support
IT consulting and support is the provision of advice and assistance to businesses and organizations on their IT systems. IT consultants can help businesses to choose the right IT systems, implement and manage IT systems, and troubleshoot IT problems.
E-commerce
E-commerce is the buying and selling of goods and services online. E-commerce businesses use websites and mobile apps to sell their products and services to customers around the world.
Online tutoring
Online tutoring is the provision of tutoring services over the internet. Online tutors use a variety of video conferencing and online learning platforms to deliver tutoring services to students.
Digital Marketing
Digital marketing is the use of digital technologies to promote products and services. Digital marketing professionals use a variety of online marketing channels, such as search engine optimization (SEO), social media marketing, and pay-per-click (PPC) advertising, to reach potential customers.
Offering services as a business idea
Offering services is one of the lucrative business ideas that a lot of people look down upon. Some services need basic skills and others consistency and dedication.
In Kenya, one can offer services like coaching, security officers, and transportation. Some of these services can be self learnt while others require approved documents by a reputable source in the country.
I regularly publish available job vacancies on the website so, be sure to look back, alternatively, you can subscribe to our newsletter to get updates whenever a new job is published.
