Kenya is a great place to do business. There are many opportunities for entrepreneurs, and the country is growing rapidly. If you’re looking for a good business to start in Kenya, there are a few things you should consider.
In this blog post, we will discuss some of the best businesses to start in Kenya. We will also provide tips on how to get started!
What does a good business look like?
A good business is one that can provide a decent living for its owner and employees.
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If you want to start your own company in Kenya, there are two basic types of businesses: those with low startup costs or high fixed expenses; the other category has high variable costs but requires little capital upfront.
The first type would be an online store, for example; the second might be an artisanal bakery.
A good business is profitable and sustainable.
The key to making it work long-term is having enough capital at hand (or access to financing) so you can continue operations even during tough times – like when there’s political unrest or economic downturns in markets where your products are sold.
We recommend these businesses to start in Kenya:
1). Wholesale and Retail Businesses
This is a good business for those who want to sell goods directly from their home or office.
The best part about wholesaling and retailing products is that it doesn’t require any prior knowledge of economics; just some basic math skills will suffice.
You’ll need to find a supplier who can offer you good prices on products, and then set up a shop or sell items online.
Some of the most popular products to retail are clothes, jewelry, cosmetics, and mobile phones.
If you’re looking for something more specific to sell, consider Kenyan souvenirs such as traditional fabric prints, carvings, or baskets.
A word of caution: make sure you do your research and understand the local market before starting a retail business. What might be popular in one area might not sell well in another part of the country.
Tips for starting a wholesale or retail business:
- Find a good supplier who can offer you competitive prices on products.
- Set up a shop or sell items online.
- Understand the local market before starting your business. What’s popular in one area might not sell well in another part of Kenya.
2). Dropshipping Businesses
Dropshipping is a business model in which you don’t keep any inventory on hand – the products are shipped directly from the supplier to the customer.
This is a good option for those who want to start a business with low startup costs, as you don’t need to invest in any inventory.
You’ll simply need to find a supplier who offers a good wholesale price and then set up an online store to sell the products.
The best part about dropshipping is that you don’t have to worry about shipping or handling products; the supplier will take care of that for you.
All you need to do is focus on marketing your store and driving traffic to it.
Tips for starting a dropshipping business:
- Find a good supplier who can offer you competitive prices on products.
- Set up an online store to sell the products.
- Marketing your store and driving traffic to it is essential for success in this business model.
3). Online Trading Business
Online trading is a good business for those who want to start with low startup costs, as you don’t need any inventory.
All you need to do is find a trustworthy broker like Olymp Trade, AvaTrade, or Naga Markets who will connect you to markets and make sure your trades are executed smoothly.
Tips for starting an online trading business:
- Invest only what you can afford to lose.
- Do your research and find a reputable broker.
- Stay informed about market trends and news.
- Use stop losses to minimize your losses.
- Don’t trade emotionally – always make decisions based on logic and analysis.
4). Blogging Business
Blogging is a great way to make money from home in Kenya.
You’ll need to find a niche subject that interests people, write about it regularly (at least once per week), and then market your blog so others can find it online.
The best part about blogging is that you don’t need any prior experience or special skills – anyone can do it!
Tips for starting a blogging business:
- Find a niche subject that interests people, write about it regularly.
- Market your blog so others can find it online. The best part about blogging is that you don’t need any prior experience or special skills – anyone can do it!
- Don’t focus on making money from day one. Your blog will start earning money once you have a large number of readers and they’re visiting frequently enough that advertisers are willing to pay for their eyeballs on your site
- Don’t expect instant success – it takes time to build authority in any field, so be patient with yourself as well as others who may not yet know about your blog.
- Start by writing high-quality content that will help solve a problem or provide valuable information to your readers.
5). Freelance Writing
Writing is not everyone’s cup of tea, but if you are a good writer then this will be one of the best businesses to start in Kenya.
There is a great demand for freelance writers, and you can easily find clients online. You can also start a blog and sell advertising space on it.
To get started, create a profile on freelancing websites such as Upwork, Fiverr, and PeoplePerHour. You can also start your own blog and promote your services there.
If you don’t have any experience in writing, you can also write for other people and get paid per word. This is a great way to build your portfolio and get experience.
6). Mobile App development
This business is a little bit more technical, but it’s not impossible to get started. You can develop Android and iOS apps with little to no experience.
There is a great demand for mobile apps, and you can make a lot of money if your app becomes successful.
To get started, you need to learn how to develop mobile apps.
You can find plenty of online courses that will teach you everything you need to know. Once you have the skills, start building apps and selling them on App Store and Google Play.
You can also start a website where you promote your apps and offer tips and tutorials for other app developers.
Tips for starting a mobile apps business in Kenya:
- Do market research first
- Make sure your app is unique and solves a problem
- Build an MVP (Minimum Viable Product) first to test the market before investing too much time into it.
- Get feedback from potential users before launching anything publicly. Have a landing page where people can sign up for updates about your product or service and collect their email addresses so that when you do launch something, they’ll be notified via email.
- Monetize with ads or in-app purchases (like games) if possible
- Offer support to users who email you about problems with your product/service after purchase so they don’t feel like it was a waste of money and will want to buy again in the future.
- Once you have some traction, consider raising funding from investors so that you can scale up your business faster.
- Promote your app through social media, online ads, and partnerships with other businesses.
7). Electronics Repair shop
This is another business that doesn’t require a lot of technical experience.
If you are good with electronics, you can start your own repair shop and offer services to people in your community.
To get started, you need some basic tools and supplies like a soldering iron, screwdriver set, tweezers, etc.
You can find these at local hardware stores or online.
You also need to learn how to fix different types of electronics.
There are plenty of online courses that will teach you the basics. Once you have the skills, start repairing electronic devices for your friends and family members.
As your business grows, you can expand and offer services to other businesses in your area. You can also start selling refurbished electronics online.
Tips for starting an electronics repair business in Kenya:
- Get some basic tools and supplies like a soldering iron, screwdriver set, tweezers, etc. (You can find these at local hardware stores or online)
- Learn how to fix different types of electronics through online courses that will teach you the basics of fixing things like phones and computers by watching videos with step-by-step instructions
- As your business grows, you can expand and offer services to other businesses in your area by advertising on social media sites like Facebook or Twitter with links back to your website.
Tips For Starting a Business In Kenya With Little Capital:
The first thing that you need to know is what type of business are going into.
Do some research before making any decisions on how best this idea might fit within today’s marketplace.
Once you have decided which business to start, do thorough market research and then develop a plan on how best this idea might fit within today’s marketplace.
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