9 Business Ideas That I Tested in 2023 and How They Performed

In my lifetime I have tried and tested several business ideas. Many have failed and only a few have been profitable.

In today’s guide of business ideas to start in Kenya, I will share with you some of the top business ideas that I have tried in Kenya and how they performed.

Should you find something tasteful, go ahead and try it out but of course after you do your own due diligence. You can seek the advice of a business management consultant even. It will go a long way.

9 Business Ideas That I Tested in Kenya in 2023 and How They Performed

Here’s a list of some of the best business ideas that I have done personally in 2022 and how they are all performing.

1). Online Trading Business idea

If you know me on the internet or on a personal level then you know that trading is the number one way that I use to make money online.

I trade Forex, I also trade Fixed Time Trades. And if you ask me, these two are still my best ways to make money online ins 2023.

How much do I make trading in a day?

Let’s look at last week Friday for example, I grew my XM Forex Trading account from $40 to $600+ in a single day.

Crazy, right?

That’s because I was using crazy leverages too. XM now allows you to use a leverage of up to 1000 on any asset you choose to trade.

How about Fixed Time Trading? How much do I make trading FTTs?

Well, this varies by the day, there are days I lose money and there are days that I make as much as $1,000 in a day.

If you are looking for the best Fixed Time Trading platform to work with, try Olymp Trade. Plus, if you create an account here and deposit at least $50 to your account, you can copy my trades every day for a lifetime.

2). Blogging Business Idea

You this post that you are now reading? This is a blog post that I wrote myself.

Though I have many other blogs that I just started recently, this is where I put most of my efforts.

And how much do I make blogging here?

Well, that depends on various factors.

Factors like how many visitors I get in a month, the type of monetization that I am using, how much a client is willing to pay, and how much I’m willing to take.

Overall, blogging is one of my best business ideas that I have tested not only in 2022 but also in 2021, 2019, and 2018.

And in each of those years, this blog has never done anything below Ksh. 3 million in a year.

2022 is still underways. Let’s see if blogging in itself can break the 4 million mark.

If you would like to try the blogging business idea in Kenya, then follow this guide. Otherwise, you can begin creating your blog with BlueHost if you already know what blogging entails.

3). Affiliate Marketing Business Ideas

If there is any easy way that I have used to make money online longer then it’s this method.

To all the avid fans of this blog, affiliate marketing needs no introduction.

It’s as much fun as it is easy. As someone who needs to start a business in 2023, you do not even need to have money to explore this business idea.

All you have to do is identify a product that you can promote and earn a commission for all the sales that you drive to the owner of the product.

Some of the best affiliate products that I promoted in 2022 paid me as much as $3,500 in a day. Yes, over Ksh. 350,000 in a day. Not once, not twice, and not thrice but a couple of times.

If you are not sure where to start on affiliate marketing business ideas in 2023, do find some time and read the articles in our Affiliate marketing category.

4). TikTok Business Ideas

Most people do TikTok videos for fun but for me, I get paid to do TikTok videos.

In fact, I was paid Ksh. 114,000 for my first-ever TikTok video. Would you believe that?

So how do people make money with TikTok?

One of the easiest ways to make money with the TikTok business idea is to seek brand endorsement deals.

Businesses that deal online such as Forex, and other eCommerce businesses are almost always ready to pay you money if you have a following and the energy to push their brands.

If you are just starting out as a TikTok influencer though, consider promoting small businesses and charging them per expected views.

The simplest model to charge brands on TikTok and end up profitable is to ask for an upfront payment of say Ksh. 5,000 before you make the video and another Ksh. 5,000 when you post the video.

That’s if the anticipated views are 10,000.

5). YouTube Business Idea

Though I have been doing videos every other week for the past 6 months, I haven’t quite broken the YouTube algorithm.

This is one of those business ideas that I’m still struggling with.

Maybe it’s because I am still camera shy or it’s because people don’t like to consume the kind of content that I am creating.

Truth be told, I barely make $100 a month with my videos on YouTube.

That’s not to say that it’s a hard nut to crack, you can crack it if you hit it harder.

Maybe, I should start being consistent with my videos. In which case I’m hoping that by the time I’ll be doing my next review for business ideas tried and tested in 2023, YouTube will come first.

6). Tent-Making Business

You would think that since I am already trying all these other online businesses, I wouldn’t have time for a physical business.

Oh! You are wrong.

Ken and Tom Tents is still a recognizable brand in Kisumu. I still make and sell tents.

From double pyramids to gables, and gazebos, all the way to custom-made tents for anything.

1 double pyramid tent goes for Ksh. 100,000 plus and at least Ksh. 2,500 for a day’s hire.

I’ll not go deep into that, do the math.

7). Telegram Signals Channel

Have I already mentioned how much I make per day with my trading business? Did I also mention that if you create a trading account with this link and deposit $50 you will get 5 FREE signals from me per day?

Well, happens there are people who already have trading accounts with different brokers such as Expert Option, Iq Option, Pocket Option, Binomo, Olymp Trade, Quotex… you name it.

If you have a trading account and you would like to get my VIP signals for Fixed Time Trading, you can still get them daily. Except, I will charge you $40 per month.

This gig earns me an extra $800 per month because so far I only have 20 consistent clients.

8). Web Design

Though I am not so active these days in creating new websites and blogs for people. The web design business idea is one of the ideas that I used to make money in 2022.

In 2023 I am yet to create a new website or a blog for a new client.

On average I charge Ksh. 15,000 for a WordPress blog that’s delivered in a week and more if you need it delivered faster.

9). Online Writing Business

Now, this is different from blogging. In blogging, I write my own posts and make money through Adsense, and sponsored posts among other methods.

In online writing, I seek clients who need blog posts for their new or existing websites and charge at least $100 per 1000-word post.

Is online writing a viable business idea in 2023? Yes!

Where should you hang out to find your first client? You can seek editors on LinkedIn or Twitter and request to write sample posts for their publications.

If your work is accepted, forward your charge per post and notify them of your availability for more posts.

With online writing, I can easily make $500 to $1,000 extra if I write at least 5 articles in a month.

Conclusion (Business Ideas That I Tested in 2023).

I hope this post was an inspiration and an eye-opener for you.

If you do not have a job and you’d like to start making money online or offline, consider choosing one or more business ideas on this list and do them.

The best part, some of the business ideas on this list do not even require you to invest any money. And the ones that require investment like trading, only require you to have at least $10 to start.