Trading Styles in Forex: How to Choose the Best for You
In order to understand the different types of trading styles that are available for beginner and...
If not to invent the vaccine for COVID 19, the best reward you can give yourself in 2020 is to start your own business.
But, ain’t it not easy as just to say I want to start a business in 2020? Of course not.
You have to do your due diligence: come up with a business idea, research about it, write up a business plan, source capital, and start it.
Alternatively, you can just jump from generating a business idea to starting one. I know it can’t be difficult, but I also hope that you are not as foolish as just to start a business blindly without getting ready for it.
To ensure that you follow all the required processes and to help you start a profitable business from scratch, we have put together a list of 50 profitable businesses that you can start in 2020.
You can bookmark this page to make it easier to find when next you need to research your next small business idea.
Mobile and bank deposits and withdrawals have become part of day to day life of almost every Kenyan.
People always depositing money into their M-PESA, Airtel Money, Telkom Kash, Equity bank, Co-operative bank, and KCB accounts, among other mobile wallets.
In equal measure, others are always withdrawing money they just received into those accounts.
Does that in any way sound as if mobile and bank money deposits and withdrawals are vanishing anytime soon?
Definitely not!
The interesting bit of it all is that those money deposits and withdrawals are done via agents who carry out such transactions every day.
An agent comes in the gap to provide the medium for depositing and withdrawing money and in return, they earn commissions for both services.
Now you know that an agent will earn commissions to mediate deposits and withdrawals concerning Mobile and Bank Money. Can’t you be that agent to tap in on those awesome commissions and make a living out of all that?
Interestingly, the banking agency business is one of the most profitable businesses in Kenya in 2020.
Location.
You can locate your Mobile Money and Bank Agent business along a busy street or a strategic corner where people are always passing by and can clearly see from afar.
That way, you will attract passersby and people from far away all alike.
M-PESA is the most profitable and robust Mobile money network.
Realize that there are two types of M-PESA outlets. Decide which of the two to start by considering their requirements below.
Standard outlet:-
First, to get started,
Head Office Application FormMpesa Head Office Application Form
Second, after you have submitted your forms, met all requirements and been given an Agent number;
Third, your roles will be to;
First, to become an Equity Agent, you need the following:
Second, after you have met that threshold:
Third, attach three colored photos of the business outlet showing:
This is what is required to become an agent: –
You don’t have to be a Co-op Bank account holder to apply to be an agent. Customers, non-customers, SACCO-link members, co-operatives, MCU customers, SME customers and corporates can all be Co-Op Bank Agents.
To become an agent;
Capital.
The capital depends on what really you want to locate your business.
As mentioned earlier, being an M-PESA agent may require a minimum of Ksh.100,000. If you want to add Bank Agency in the equation, you may need more. Let us generally say that you may need Ksh.100,000 – Ksh.500,000 to be a well-established Mobile Money and Bank Agent.
Profitability.
How profitable is the mobile banking business?
M-PESA Deposit commissions.
| Amount | Commission in Ksh |
| 50-100 | 4 |
| 101-510 | 8 |
| 511-1,010 | 9 |
| 1,011-1,510 | 10 |
| 1,511-2,510 | 11 |
| 2,511-3,510 | 12 |
| 3,511-5,010 | 14 |
| 5,011-7,510 | 20 |
| 7,511-10,010 | 28 |
| 10,011-15,010 | 40 |
| 15,011-20,020 | 55 |
| 20,021-25,020 | 71 |
| 25,021-30,020 | 87 |
| 30,021-35,020 | 103 |
| 35,021-40,020 | 119 |
| 40,021-45,020 | 135 |
| 45,021-50,020 | 150 |
| 50,021-60,020 | 190 |
| 60,021-70,000 | 190 |
| Applicable Commission in Ksh. | ||
| Amount (Ksh) | Registered Unregistered | |
| 10-49 | N/A | N/A |
| 50-100 | Ksh.5 | N/A |
| 101-500 | Ksh.8 | Ksh.8 |
| 501-1000 | Ksh.10 | Ksh.10 |
| 1,001-1500 | Ksh.12 | Ksh.12 |
| 1,501-2500 | Ksh.15 | Ksh.15 |
| 2,501-3500 | Ksh.20 | Ksh.20 |
| 3,501-5000 | Ksh.25 | Ksh.25 |
| 5,001-7500 | Ksh.30 | Ksh.30 |
| 7,501-10000 | Ksh.35 | Ksh.35 |
| 10,001-15000 | Ksh.45 | Ksh.45 |
| 15,001-20000 | Ksh.60 | Ksh.60 |
| 20,001-25000 | Ksh.65 | Ksh.65 |
| 25,001-30000 | Ksh.70 | Ksh.70 |
| 30,001-35000 | Ksh.70 | Ksh.70 |
| 35,001-40000 | Ksh.100 | N/A |
| 40,001-45000 | Ksh.150 | N/A |
| 45,001-50000 | Ksh.180 | N/A |
| 50,001-70000 | Ksh.200 | N/A |
Equity Bank Withdrawal Commissions.
Other services and their commissions.
KCB Bank Deposit Commissions.
Co-Op Bank Withdrawal Commissions.
That’s how profitable Mobile Money and Bank Agent Business can be.
If you merge being an M-PESA Agent with being a Bank Agent of one or several banks, you are indeed in a lucrative business. Mobile money and Bank Agent therefore becomes indeed, one of the most profitable business in Kenya today.
You think Cyber cafes will lose relevance when despite almost everyone having their own laptop, people still visit to use cyber cafes?
The reality is that there will always be people, actually a lot of them, seeking the services of cyber cafes, whether to browse, make applications, print or copy documents.
Cyber cafés therefore are among the top most profitable businesses in Kenya in 2020, for such obvious reasons. You would then consider setting up one to position yourself for gains that come with owning one.
Location.
The best places to locate your cyber café would be those with a continuous flow of customers like the following;
In locating your cyber café in such places, ensure that you brand your shop and locate it strategically to be visible from both near and far.
Consider the following also, in choosing the location for your cyber café:
Requirements.
To begin a cyber café, you require the following;
Considering the costs above, you realize that you may require about Ksh.100,000 – Ksh.200,000 as the starting capital.
Let us say that with a good flow of clients, on a bad day you may pocket Ksh.3000. On good says you may rake even up to Ksh.5000. That makes over Ksh.150,000 monthly and I think it is a worthy venture.
Besides internet services, you can also offer the following to maximize your profits:
There are lots of people outside here looking for someone capture photos of themselves to mark a special moment in their lives or for any other reasons.
Individuals and companies are looking for photographers to cover their events and I have seen people step up to take up those opportunities and make reasonable profits.
Hard as it is to believe, photography is one of the most profitable businesses in Kenya today.
Got a passion for photography?
Do you really require a specific location? May be an office for bookings or a studio where people can come for photo sessions under your customized conditions.
What really matters is marketing your Photography business.
If you just sit at home, we won’t know what you do.
Market yourself on social media and even talk to people about your services so that they can hook you up someday when they need you.
You can make pamphlets and drop them to offices, hotels, schools, churches or even on the streets.
That is how networks are made and even if one may not need you today, they may mention you to someone who needs your services.
For a studio and an office though, make sure to locate along a busy road or street and make the branding so visible that one cannot miss it. That will funnel clients into your office for bookings, photo sessions, passport size photos and more.
Requirements.
You can ask around or check from other professional photography websites, then decide how much you will be charging for what.
4. Prepare and showcase an attractive portfolio.
5. Prepare an attractive collection of your work.
6. Showcase it to everyone.
People will see your good work and may recommend you to someone or get you when they need your services. They now know that you do some quality job and will get value for their money.
Market your Photography business.
Consider all the above costs and a starting capital of about Ksh.100,000 – Ksh.150,000 will be enough to be a well-established photographer.
Professional photographers may charge Ksh.3,000 – Ksh.5,000 per hour depending on their experience.
By the time the event is done, you will have accumulated a reasonable amount of money, enough to pay someone’s monthly salary. Several events a month must make you a huge fortune.
Every Kenyan dreams of owning a car at some point in life. Most Kenyans have actualized such dreams and you know what? Over 90K vehicles hit the Kenyan roads every year.
What does that reality tell you?
That cars are definitely here to stay. They may even be so many that the government will consider banning importation.
Now, that opens a gap for business.
The Car Washing business, one of the most profitable businesses in Kenya at the moment.
You must have seen so many Car Wash mushrooming around where there used to be none. Making carwash business the fasts growing profitable business in Kenya in 2020.
You might be considering to begin yours but you don’t know what you really need or where to locate your business.
Come with me, lets discuss the ins and outs of car wash businesses in Kenya.
Location.
Look for some space along a busy road where cars and vehicles are likely to come.
You can also partner with some entities where cars and vehicles are most likely to come like Petrol Stations and Restaurants and malls.
Other public facilities like churches and institutions with many car owners may also offer an ideal location.
Any of the above locales will offer a sure bet flow of cars and vehicles to wash and tap into the market and profits.
Let your yard have an easy access to the cars and vehicles and have a good terrain for water flow.
Work on proper drainage also to avoid flooding the area to look unpleasant.
If you identify an area such as mentioned above, which has the potential for business, then:
You may require a total of Ksh. 100,000 to start a well-equipped Car Wash Business.
This may include renting a yard at approximately Ksh. 15,000, rehabilitating it at approximately Ksh. 10,000, licenses approximate at Ksh. 10,000 and the equipment at about Ksh. 50,000.
If say for example you handle 15 cars a day each at around Ksh.200, that will make about Ksh.3,000 daily and close to or even over Ksh.100,000 monthly. Isn’t that worth your try?
To increase profitability, you can offer the following:
The Boda Boda Business, despite being so popular, is one of the best most profitable businesses in Kenya in 2020. This is irrespective of whether you operate the bike yourself or if you own one, or employ people to operate one or several bikes which you own.
Boda Boda operators in urban areas will definitely make much more compared to those in rural areas.
It is therefore advisable that you locate a nearby town where you can be operating from.
Once you get to town, position yourself in places where you are most likely to find a customer as opposed to hidden places which may not give you a chance to be seen.
It is this strategic positioning of oneself that tells whether you will excel in the business or not.
To begin and get going in the Boda Boda Business, you will require;
A durable and cheap to maintain bike should cost you between Ksh. 70,000 and Ksh. 120,000.
This motorbike should come alongside the helmet, insurance, protective jackets and reflectors. Some sellers will even fuel your bike.
Boda Boda riders usually take home at least Ksh.1,000 daily. That means that in 3 months you should have earned back your investment and now towards purchasing more bikes.
Is it not indeed one of the most profitable businesses in Kenya today? Definitely.
Offices and homes are in need of cleaning and it is you to step out and fill the gap by offering such cleaning services. Employment of the latest cleaning techniques is of much essence in professional cleaning.
Individuals who have realized the potential in this gap have invested in offering the service and are smiling all the way to the bank right now. This is because such a business has risen the ranks to be one of the most profitable in Kenya in 2020.
It is not too late because you can still join them by starting your own professional cleaning business. This way, you will have bought yourself a ticket into one of the most lucrative and profitable fields in Kenya today. Let us see how to set up such a business.
Location.
Do you really require a specific location? May be an office for bookings.
What really matters is marketing your Professional Cleaning Business. If you just sit at home, we won’t know what you do. Market yourself on social media and even talk to people about your services so that they can hook you up someday when they need you.
You can make pamphlets and drop them to people in offices, hotels, schools, churches or even on the streets. That is how networks are made and even if one may not need you today, they may mention you to someone who needs your services.
For an office though, make sure to locate along a busy road or street and make the branding so visible that one cannot miss it. That will funnel clients into your office for bookings.
Ensure to leave your contacts in every pamphlets, business card, office or individual interaction. They may know someone or even they themselves may need you for services.
Requirements.
To set up and run your Professional Cleaning Business, you will require to:-
The cost of equipment, renting office, marketing and other costs may total to about Ksh.150,000 – Ksh.200,000. With such an amount then, you stand a chance to establish your own Professional Cleaning Business.
Cleaning a home may earn you about Ksh.8,000 – Ksh,10,000. Office cleaning may earn you about Ksh.5,000 – Ksh.10,000.
With consistent gigs, you will have returned your capital in two months and up running your business for profits. Indeed, one of the most profitable businesses in Kenya in 2020.
Did you know that you can wash people’s clothes for pay?
Well, you can do so either manually or by the use of a washing machine and such a business is called laundry.
Dry Cleaning comes in when you decide to use a dry cleaner to perform the task.
This kind of business has picked so well to become one of the most profitable businesses in Kenya in 2020. You can do it as a side hustle or your main gig and you will be surprised at how much it can transform your finances.
Let us dive into the details about the Laundry and Dry Cleaning Business. Know how you can start and run one thus joining one of the most profitable hustles in Kenya today.
Whether a small or a large scale investor, you will need a kind of an office where clients can locate you physically. Here, they will come to drop-off and pick-up their clothes.
If you can afford, rent a big spacious working area which also accommodates an office.
If you can only afford to start small, just rent a small premises for drop-off and pick-up and then work from the backyard or anywhere where you are not exposed to so much cost.
Basically what we are emphasizing is an office, whether large or small, for drop-offs and pick-ups.
Now this needs to be strategically located on a busy street. You can brand so conspicuously that potential clients will locate you at a glance. If you do so, the huge profitability of this business in Kenya will become a reality to you.
You will require the following, both for your reception or office and your working area:-
Renting premises, licensing and acquiring equipment may require a reasonable amount of starting capital. Ksh.170,000 – Ksh.200,000 will be enough for a start.
A good flow of clients will bring your dream to a reality. An income of about Ksh.100,000 monthly which I don’t think is a mean feat.
Better days and more promotion and marketing together with client trust will see you earning even more than this. Isn’t this indeed, among the top most profitable businesses in Kenya today? Your guess must be yes, to which I concur.
You most probably have seen more Hair salons mushrooming around your hood. Did you stop to just think for a second how profitable these kind of business can be?
Maybe not, but I submit to you that the Hair Salon Business has a place among the top and most profitable businesses in Kenya in 2020.
It may not be that costly as you thought, to start and run a Hair Salon, but the profits are beyond how much you might have thought.
We shall get into the details of all that.
Do you really need to have the skill of hair dressing and beauty?
I guess not.
You can be the entrepreneur here, hiring people who have the skill as you run a fleet of such businesses.
If you have the skill and run the business yourself, even better.
Let us have a discussion on this business about how to start, run and profit from this leading profitable business in Kenya today.
Where to locate, what you need, how much capital, profitability and much more.
Everywhere in the country is fit for this kind of business.
But I guess you know that urban areas have a better access to the market and demand is high there.
Along a busy street in town and proper branding, so conspicuous that potential clients can see from far enough is a plus for you.
Very close to the road is even an added advantage, but a sign board where your premises are a bit far off the road will do.
To thrive so well in beginning and running your Hair Salon business, you will be required to:-
Post on your social media platforms and you can even make brochures if you manage.
Build a name for yourself by offering top notch high quality service to your clients. They will direct others to you.
For a small start, basic equipment, licensing and other costs may require about Ksh. 100,000. If you can manage to get more and begin a large scale Hair salon business then the better.
Just how profitable is the Hair Salon business in Kenya Today?
A small salon may earn you about Ksh. 18,000 a month and much more as it grows and as you earn trust from your clients.
Expect much more with a big salon and where your small salon has grown and expanded.
You may be surprised to find yourself pocketing Ksh. 100,000 – Ksh. 500,000 a month from your fully grown Hair Salon business.
Hair Salon Business, indeed one of the top profitable businesses to start in Kenya today. True or true?
Will there come a day when people will stop having haircuts? Like everyone going completely Rasta?
I guess not.
And so, as long as people need haircuts, the Barber shop business will keep thriving.
No wonder the Barber Shop Business is still among the top profitable businesses in Kenya in 2020.
Whether there is a pandemic or not, a Kinyozi will always have clients to tend to.
Whether it is rainy or sunny, barber shops will always operate.
It is a popular business and that does not stop you from jumping in to earn a share of the profitability in there.
Whether you have adequate training or not, you can still do this business.
No beauty course? No problem.
You can hire a trained personnel to run the business for you as you do other things.
Some people actually do not need to train in a college but just observe and practice adequately to master the skills required and that’s enough.
In this post we discuss how do you start, manage and profit from your barber shop in 2020. As a bonus we will also mention where to locate for continuous flow of clients.
A barber shop mostly depends on walk-in customers.
What that suggests is that if you locate along a busy street with so much foot traffic, then you just bought yourself a ticket into a huge profit spree.
A busy street in town is the most strategic plan you can employ in positioning your barber shop.
In saying that, we have already ruled out location in rural areas.
However, a barber shop may also not do all that badly in a rural area though clients will not be as frequent as in towns.
A successful start and management of a Barber shop to yield maximum profit will require you to:
These skills can be acquired by taking a beauty course in an accredited training centre or simply working under a trained barber and practicing adequately to acquire the skills. Once you master the skills then you are good.
2. Hire a professional and skilled reliable barber – if on the other hand, you do not want to get involved in the business, get a skilled barber to run the business for you. You will agree on how much to pay them for such a service.
3. Secure ideal premises – Secure yourself a shop on a busy street in town with high foot traffic to tap in the walk-in clients. This may cost you about Ksh. 10,000 – Ksh.20,000.
4. Carpentry and Branding – Install the necessary carpentry work in the shop, paint it well as desired and install the necessary mirrors. Brand your Barber Shop well so potential clients can know from a single glance that they can get a Haircut at that very place. This may cost about Ksh.15,000 – Ksh.20,000.
5. Acquire the necessary licensing as follows:
Let your friends know what you do. Let us know what you do from your social media platforms.
Keep your premises clean and neat, remaining professional. You will build lasting relationships with your clients and that is how business grows.
Starting small?
You can just major on the premises, basic equipment and licensing and that may require about Ksh.50,000 – Ksh.80,000.
If you want to establish a Standard Executive Barber shop however, with most of the equipment and large enough, an approximate Ksh.200,000 will do.
Depending on your location, a small barber shop may fetch up to Ksh.2,000 a day.
A bigger one will earn you even Ksh.5,000 – Ksh.10,000 a day as a big standard executive one with a good flow of clients earns even much more.
What does that hint? That the Barber Shop Business is indeed among the most profitable businesses in Kenya today and is worth considering in your business options.
Over 12 million people drink daily.
The market for wines and spirit is therefore so adequate that business minded people need to step in to exploit. Wines and spirits have gained popularity in Kenya in the recent past and therefore the business has grown so exponentially to become one of the most profitable business in Kenya today.
Right now wines and spirits shops are emerging all around town and that is a sign enough that the business is truly one of the most profitable in 2020.
How can I start my wines and Spirits business and thrive in the same?
That is most probably the question you have in your mind right now. We are here to answer exactly that.
Where to locate, what you require, how much capital and how much profit to expect?
Exactly as you wanted it. Let us discuss this hugely profitable business in Kenya today and see how to start and run one profitably.
An urban area will attract many more customers than a rural area.
Once you decide to locate your business in town, competition is stiff there and therefore you need to employ a unique strategy to succeed in the business.
Drinking is a leisure activity and locating close to the road on some good and quiet street, with an average traffic of people passing by, will be great.
However, if your business operates on a take away business, a busy street where every potential client can clearly locate, close to the road, is very convenient.
Remember that your Wines and Spirits business should never be located close to a school as that is against the law.
Locate a bit further from learning institutions to keep the law and avoid conflicts with authorities.
To successfully and profitably operate a Wines and Spirits business, you will require to:-
Just how much is enough to start your Wines and Spirits business? Quick math:
You realize that about Ksh.250,000 will be enough to kick start your Wines and Spirits business in town.
A thorough research shows that sit-in customers spend averagely Ksh.300 daily.
Take away customers on the other hand spend about Ksh.200 per day. Those are estimate values which may get even larger on a day to day basis and with increasing number of clients.
Just see for yourself how profitable such a business would be.
Do I need to overemphasize that Wines and Spirits business is truly among the most profitable businesses in Kenya anymore?
I guess not.
Since the government of Kenya Scrapped off V.A.T on LPG Cooking Gas, more and more Kenyans have taken up the product for consumption in their cooking.
This has shifted LPG gas dealership from big companies who used to solely offer such services before, to retail dealership.
LPG Gas is now being dealt with at the retail level whether new complete or refill.
This retailing of LPG gas has grown into a very popular and one of the most profitable businesses in Kenya today.
LPG Gas cylinders come in various capacities ranging from 3Kg, 6Kg, 13Kg and so on.
Cooking gas is cleaner and more convenient than other fuels such as kerosene and charcoal or firewood.
LPG gas is also environmentally friendly and thus has an upper hand in being considered as a better option by many Kenyans.
All that gives support to the LPG Cooking Gas business growing it into the same league as most profitable businesses in Kenya in 2020.
It sounds exactly like something you would like to do if you were given all the details about how to start, where to locate, how much capital you need and how profitable the business is. True or true?
We can then dive into the details about the LPG Cooking Gas Business.
Location.
LPG Cooking Gas Retail Business thrives well in towns and urban areas as opposed to rural areas.
In rural areas, most of the population hasn’t embraced the Cooking gas idea so well but are doing so as days go by.
You want to locate your business on a busy street with both foot and vehicular traffic.
Alternatively, you can also situate at the heart of a residential area where people consume LPG cooking gas for their cooking needs and that will guarantee daily refills if not new gas cylinder purchase.
If you establish in a growing estate or residential area, that will also set stage for you to sell both new cylinders and refills as well.
It is where you consider most convenient for you among those options.
What really is required of you if you will start and run a profitable LPG Cooking Gas Business, one of the most profitable in Kenya?
How much will you require to acquire premises, set it up, acquire licensing and stock to start and run your business?
An estimate of Ksh.100,000 – Ksh.180,000 will be enough to basically begin your LPG Cooking Gas business.
Purchase a Kilogram of LPG gas at Ksh.100 and sell it at Ksh.160 and you will be making good money.
If for example you purchase 6Kgs of gas at Ksh.600, you will then sell at Ksh.960 – Ksh.1,000.
There, you have made Ksh.360 – 400 and that’s an awesome profit. You buy 13Kgs of gas at Ksh.1,300 and sell at Ksh.2,000 – 2,200, making Ksh.700 – 900 and that is big money.
What shall we say then, other than indeed, the LPG Cooking Gas business is among the top most profitable businesses in Kenya in 2020? You must be nodding in agreement.
I bet you have a whole set of furniture in your house or office.
Every now and then you inject a new piece of even a new whole set of furniture into your old set.
The more people continue to build homes, set up offices and invest in real estate, the higher the demand for furniture and so furniture will always sell.
Guess the result of this?
The Furniture making business has kept growing and now, its popularity has ranked it among the most profitable businesses in Kenya in 2020.
That makes you want to jump in and begin making furniture to profit big time, right?
But there are unanswered critical questions.
Must you have skills in carpentry for you to venture into the business?
How much do you need to start such a business and where should you locate? What is required of you to be able to start and run such a business as profitably as you desire?
Well, those and many more important questions concerning the Furniture Making Business are what we seek to answer here. Come with me.
You Furniture Making Business will do better in an urban setting than in a rural setting.
Most real estate investments are in town and even people from rural areas prefer purchasing their furniture in town and then transport them home.
A busy street near residential areas will form a very good base for your operations as a carpenter.
Let your premises be so visible by everyone whether form near or far so that potential clients can locate you.
If you have to maximally exploit the profitability in this business, there are a number of things that are required of you. Which are they?
skills and attention to perfecting your work so that you offer exclusively excellent furniture in that line, hence be preferred by many. Choose from so many categories available including:
How much for premises, licensing, equipment and other costs?
A close look will reveal that an estimate of Ksh.100,000 is already enough for a basic starter.
You can inject more in equipment and man power if you want to start big.
How much do carpenters or furniture makers make and is it worth it?
Good quality sofas go for Ksh.35,000 – Ksh.150,000. Great quality dining tables will cost Ksh.20,000 – Ksh.70,000 as high quality wall units go for Ksh.25,000 – Ksh.100,000.
If you consider the amount invested in bringing forth such pieces of furniture, it must be way low and therefore an opportunity to make some good cash.
Now tell me yourself, doesn’t furniture making earn a place among the most profitable businesses in Kenya today?
Who doesn’t like a new dress, a pair of trousers, kitenge or even a suit?
Everybody does and therefore they go for it.
Most people prefer gifting others with clothes such as we mentioned.
On special occasions like weddings and other special days, you would want to be on a new special attire sewed by a Tailor.
This directly affects the Tailoring business because they are the maker of such clothes.
The growing trend of most Kenyans desiring and wanting to have a new piece of cloth every now and then and also associating certain special days with a new attire has stimulated the growth of the Tailoring business.
This has seen the Tailoring business growing the ranks to become one of the most lucrative and profitable businesses in Kenya in 2020.
Mark you, people are leaving their white collar jobs to start their Tailoring businesses.
This must be provoking you to start your own Tailoring Business today, but hold up.
Where should you locate your business? How much do you need as capital? What skills do you need? How can you run your Tailoring business profitably?
You would really like to have such questions addressed, right?
Well, we shall address them and more here in this post. Pay attention.
Just as other businesses, a good location is a critical determiner of the profitability around the Tailoring Business.
You want to locate at a place where you will capture most of your potential clients.
This may range from locating close to a residential area with many people to a busy street with many foot traffic.
It is the residents and passersby who are bound to check- in to your shop seeking for your services.
For great success in the Tailoring Business, several requirements are a prerequisite. Let us find out which they are:-
How much is enough to start a profitable Tailoring business?
A sewing Machine for about Ksh. 15,000 and other equipment totaling to roughly about Ksh. 40,000, Licensing and premises totaling to roughly about Ksh.40,000 also, and that will make about Ksh.100,000.
Other costs like branding, marketing and furniture will mean that having an estimated Ksh.120,000 – Ksh.150,000 is enough to start and run a Tailoring business.
A small scale Tailor can make about Ksh.1,000 on a bad day.
Imagine when they have a continuous flow of clients for repairs and orders? They may pocket even up to Ksh.3,000 – 5,000 a day. That was small scale tailors.
Now think about large scale tailors with several machines and a continuous flow of new orders and repairs.
Is there not a possibility of making up to Ksh.10,000 – Ksh.20,000 and more on a daily basis? Definitely there is.
This will bring us to this undeniable conclusion that indeed, Tailoring Business is among the most profitable businesses in Kenya today.
Kenyans love meat. Whether ‘nyama choma’, meat stew, wet fry, meat balls or any kind of meat, it will resonate so well with their “thirst” for meat.
Most Kenyans actually also love ‘mutura’, which is a mix of various meat types within an intestine or something.
Meat in ‘samosa’ and burgers is also another popular liking for Kenyans.
This Kenya’s love for meat has birthed and grown the meat industry for decades now. You can guess what that has resulted in.
It has seen the meat industry or business rise the ranks to become one of the most popular and profitable businesses in Kenya today.
I am convinced that no day shall come when Kenyans will ditch their love for meat and therefore meat will always sell.
If you started a butchery business today, you will definitely build a group of customers who would keep loyalty and buy your meat. Mark you, the butchery business is among the most profitable businesses in Kenya in 2020 and having customers translate to the best profits.
This prompts you to want to start your own butchery business in your hood right now, doesn’t it?
I know it does.
Before you can jump in, there are very important and candid discussions about the butchery business we need to engage in.
How much do you really require to set up a butchery business?
Where will you get meat in bulk?
Which is the best location for your business?
What is required of you as a butcher? Those and many more need to be ironed out.
The most profitable location is a town set up along a high traffic area. This may be a busy street and given that your butchery business is well branded and visible to almost everyone, then you stand a chance to win so may customers into your business.
Rural areas have shown sluggishness in meat consumption and establishment of a butchery business there needs a lot of caution. You don’t want to incur losses in form of spoilt meat, do you?
To make it in the meat industry and more so the butchery business, there are things which are required of you. Let us find out what:-
How much capital do you need to start a butchery?
You have been waiting for this. How much will all these acquisitions and requirements cost you in total?
Our estimates of the rent stands at roughly Ksh.20,000, licenses at roughly Ksh.14,000 and basic equipment at roughly Ksh.97,000.
That is to say that an approximate Ksh.150,000 – Ksh.2000,000 is enough for you to establish your butchery business, having added the stock cost and other costs.
Assuming you have a consistent flow of customers, bring in about 150Kg of meat in the morning, having bought each at say Ksh.250, making that Ksh.37,500. It’s a good day and so you sell 120Kg each at the usual Ksh.400. How much is that? Ksh.48,000 and so the profit for that day will be a whole Ksh.10,500.
Where does such kind of daily profit leave you in a couple of months?
You tell me.
Kenyans love travelling. Whether from rural areas to town or form towns to rural areas.
That fact aside, most Kenyans in town work a bit farther from where they live and so they commute to and from work daily. These Kenyans we are talking about here do not own personal cars and helicopters. They rely on Public Service Vehicles to commute every day.
That has been so for decades now, giving the Public Service Vehicle Matatu Business an obvious popularity.
This then has seen the PSV Matatu business grow so exponentially to rank as one of the most profitable businesses in Kenya today. Surprisingly, car owners also abandon their private cars in a fuel consumption bid to board PSV matatus and that is a plus for the Matatu business.
Given the much popularity and increased interest of many individuals in the PSV matatu Business, you must agree with me that huge profits dwell there.
Can we get to discuss how you can actually start your own PSV Matatu business because I feel you have begun developing an interest in the industry? Definitely.
Critical questions like how much you need to start, what you require, where you should base your operations and what logistics need to be put in place must be answered. This then calls for an honest discussion which I am willing to take you through. Come with me.
Where do you tend to find more commuters using PSV Matatus? Rural or Urban areas? Urban areas it is.
You therefore may consider an urban operation base and route as opposed to a rural base. The thing with rural areas is that commuting is not that frequent and so profits come sluggishly.
While choosing an operation base in town also, consider routes you can manage and those which are likely to have more commuters throughout the day.
Some routes are dry while others are succulent with so many commuters to handle. This then will determine which Matatu Sacco you will operate with because most Sacco’s deal with specific routes.
Requirements for starting a matatu business.
What requirements must you meet to start and operate a PSV Matatu Business as profitably as you project? Let us see below:-
Can you imagine that all those costs will be adequately covered by an approximate Ksh.1,500,000?
Then believe it or not they can.
That capital will be enough to get you on your feet running your own PSV Matatu Business.
PSV Matatus will earn you between Ksh.5,000 and Ksh.15,000 daily. That will all be pegged on the prevailing market conditions of that specific day, among other underlying factors. A couple of months and you will have returned your invested amount and building an empire.
There is no need to say that the PSV Matatu Business is indeed one of the top most profitable businesses in Kenya in 2020. That is well on display from the figures because figures don’t lie.
Cockroaches, ants, safari ants, houseflies, moths, moles, rats, termites and bed bugs, just to mention a few, have been a menace to homes and other places like offices and so on.
No matter what you do, you will always come across a kind of pest in your house and the case may worsen if the pests multiply so fast posing a challenge or danger. When this happens, this is where Pest Control comes in to your rescue.
Pest prevalence in Kenya has then prompted the establishment of an industry to control them.
This is the Pest Control Industry or Business. This kind of business has grown since time immemorial because pests have been around since the very beginning, has risen the ranks and now sits among the top most profitable businesses in Kenya today.
Pest Control Business – How is the business conducted? Must you start a very big company? Can Pest Control Business be done on a small scale? What is required of you? How much capital is required for a start? Where is the most suitable location?
Those and many more questions concerning the Pest Control Business are what we attempt to answer here. Pay close attention.
Do you really require a specific location? May be an office for bookings if starting on a large scale. You can acquire one as you grow from small scale too.
What really matters is marketing your Pest Control Business. If you just sit at home, we won’t know what you do. Market yourself on social media and even talk to people about your services so that they can hook you up someday when they need you.
You can make pamphlets and drop them to people in offices, hotels, schools, churches or even on the streets. That is how networks are made and even if one may not need you today, they may mention you to someone who needs your services.
Large scale operators can even place Google ads, Facebook, Instagram and any other social media platform ads. That way you are likely to meet potential clients online.
For an office, make sure to locate along a busy road or street and make the branding so visible that one cannot miss it. That will capture the attention of potential clients into your office for bookings.
Ensure to leave your contacts in pamphlets, ads, business cards, office or individual interaction. They may know someone or even they themselves may need you for services.
To make it in the Pest Control Business and make the huge profitability in the business a reality, a couple of requirements apply:-
The equipment may cost about Ksh.100,000 – Ksh.150,000. If you add licensing and office acquisition costs, roughly Ksh.200,000 will be enough to start and run you own Pest Control Business.
Usually, the following are the charges applied within Nairobi for Pest Control and fumigation in 2020:
Eating is inevitable, and especially speaking of snacks, Kenyans really love that. Talk of samosas, mandazis, boiled eggs, smokies, soft chapatis and some cakes and you have all the attention of Kenyans. On the streets, in public places like public service vehicles stages and any other public place, snacks are always selling.
The most preferred snacks by Kenyans include samosas, smokies, boiled eggs and sausages. These will sell so fast and earn you the fortune you are looking for. In fact, the snacks business is currently one of the most profitable businesses in Kenya today.
It doesn’t matter if you are thinking of starting on a small scale or a large scale. Who also said that you must run the business on the ground yourself? Can’t you just be the entrepreneur here and hire people to be on the ground doing the preparation and selling? Of course you can.
Such truths make you want to start your snacks business tomorrow, right? They should do exactly that but before then, several questions require answers.
How much is the capital for both small and large scale? What is the suitable location for your business? What are the relevant requirements before you start? How much is the relative profitability of the business? Let us dive just in and keep the discussion going.
Location.
You can identify a busy road-side and station your vending cart there. Alternatively, you can also identify a busy street on which people are always passing and station your vending cart or box there. Better still, frequently visited places like hotels and restaurants can form a very profitable base, just position yourself outside such a place close to the entry and capture those entering and leaving.
Urban areas like busy towns have better embraced the consumption of snacks that rural areas. That therefore means that these busy streets and road-sides and frequently visited places we are mentioning are most preferably in a town set up.
If you are starting on a large scale and prefer a shop other than a vending cart or box, then that will be alright. Only ensure that it is located in a place where so many people traverse or visit or are present. These places may include bus stops, learning institutions, bars and restaurants, market place, junctions, hospitals, industrial and residential areas.
Requirements.
What are the basic requirements before you can go ahead and start your snacks business? Let us find out:-
Capital.
If you are starting on small scale, then Ksh.5,000 for the cart, Ksh.5,000 for licensing and Ksh.5,000 for the materials will be enough to get you started. That makes Ksh.15,000.
If you want to start a large scale business, then you have more expenses to cater for. Premises, more materials licensing and other costs, which should be well sorted with about Ksh.100,000 – Ksh.150,000.
Profitability.
Buy a packet of 22 smokies at Ksh.330, each piece at Ksh.15. Sell one smokie at Ksh.30 and that makes a profit of Ksh.15 per piece. You have made 100% profit of Ksh.330 per packet there. What if you sell 5 packets a day? A whole Ksh.1,650 profit. Remove several costs like kachumbari and you will have about Ksh.1,100 as your profit for smokies only that day.
Buy a tray of 30 eggs at Ksh.300, each at Ksh.10. Sell one egg at Ksh.20 and that makes a profit of Ksh.10 per egg. You will also have made 100% profit of Ksh.300 per tray. If you sell 5 trays a day, that makes Ksh.1,500. If you remove costs like kachumbari, you have ksh.1,000 all to yourself that day from eggs only.
Without even going to sausages and samosas, you can already see how profitable this business can be. It is indeed as we said, among the most profitable businesses in Kenya today.
Basic trimming, mowing and landscape design is a whole business to venture into. As more and more people have continued to build homes, real estates and commercial buildings, the demand for landscaping and lawn care has risen. You do not want to have a shaggy looking lawn, an irregular untrimmed fence and flowers and an irregular terrain around your compound do you? I guess not.
This kind of business has grown proportionally to the high demand to secure a place among the most profitable businesses in Kenya in 2020. The frequency and repetitive nature of the kind of work to be done makes it even easier to start the business, while the pay is so lucrative.
Don’t dive in yet, we are not done. Have you stopped to ask yourself how much you really need to set up such a business? What tools and equipment are basic in starting the business? Where would be a suitable location for your office? How much really are you bound to earn doing this kind of business?
It is only after such questions have found answers that you can truly know that Landscaping and Lawn Care Business is among the most profitable businesses in Kenya in 2020.
Location.
Do you really require a specific location? May be an office for bookings if starting on a large scale. You can acquire one as you grow from small scale too.
What really matters is marketing your Landscaping and Lawn Care Business. Market yourself on social media and even talk to people about your services so that they can hook you up someday when they need you.
You can make pamphlets and drop them to people in offices, hotels, schools, churches or even on the streets. That is how networks are made and even if one may not need you today, they may mention you to someone who needs your services.
Large scale operators can even place Google ads, Facebook, Instagram and any other social media platform ads. That way you are likely to meet potential clients online.
For an office, make sure to locate along a busy road or street and make the branding so visible that one cannot miss it. That will capture the attention of potential clients into your office for bookings. You can also conveniently locate near residential estates, homes and commercial building which require your services most.
Ensure to leave your contacts in pamphlets, ads, business cards, office or individual interaction. They may know someone or even they themselves may need you for services.
Requirements.
There must be things you must do if you have to take a share in the profitability of the Landscaping and Lawn Care Business:-
Capital.
How much is enough to get you on your feet running your Landscaping and Lawn Care Business? A good lawn mower may cost you about Ksh.15,000 – Ksh.20,000. Other equipment and gear may cost you about Ksh.30,000 and so with about Ksh.70,000 – Ksh.100,000 will be enough to start a small scale business.
Large scale starters will require about Ksh.150,000 – Ksh.200,000 as they have more expenses to cater for and more equipment to purchase.
Profitability.
Grass cutting using the lawn mower alone may earn you Ksh.2,000 for a small lawn and even about Ksh.10,000 for a larger lawn. It all depends on how big the lawn is and how much work there is to do.
Other tasks like levelling up the terrain, raking, trimming flowers and fences and watering plants and flowers will see your earnings skyrocketing to even about Ksh.20,000 – Ksh.40,000 a day. As we said, it all depends on how much work there is to do, and as we can see it is already a profitable venture.
Good links and constant clientele will see you smiling all the way to the bank. This proves beyond doubt that Landscaping and Lawn Care Business is indeed among the most profitable ventures in Kenya today.
Garbage Collection stopped being a thing of the government once the service was devolved in Kenya. Since then, private entities can now offer the service to towns and estates all alike. Once Kenyan entrepreneurs realized so, many have stepped forward to take up the opportunity and exploit the market gap.
Do you know what all that has resulted in? The Garbage Collection Business has grown into a very popular venture and now, among the most profitable businesses in Kenya in 2020. Mark you, the business is still not that overcrowded and so many market gaps are available to exploit.
I know you now are dying to have your own Garbage Collection Company launched tomorrow. Let us first discuss what really is required of you, how much capital is required, where a suitable location for your operations is and just how profitable can the venture be, among other important issues in the business.
Location.
For your garbage collection business, of course you need to base your operations in places where there is so much garbage to collect. Rural areas are most time so clean and green that you can almost find nothing to call garbage collection. Urban areas and major towns however, have the garbage collection burden and that is where you thrive.
Identify certain estates around town, which are well populated and occupied so that there will be reasonable garbage to collect every week, month or so. Once you have done this you then have your location right. Keep expanding and covering more estates and homes.
Need an office? Maybe as you grow, for bookings and any other ways in which you may be of help to your existing and new clients. This can be located on a strategic place in town like along a busy street or close to estates and homes.
Requirements.
What really is expected of you if you will make a dime out of this lucrative Garbage Collection Business? Below are some of the requirements:-
Capital.
You must be wondering just how much is enough to begin this business.
You can see that with as low as Ksh.20,000 you are already in business. If you have enough money you can do it on large scale and you will need much more though.
Profitability.
In an estate which is so populous and occupied, let’s say it has 100 tenants and each contributes Ksh.150. That makes Ksh.15,000 per estate. Go to 10 estates of such nature and you already have Ksh.150,000. Pay your employees and the truck and you have Ksh.140,000 all to yourself.
Do this a couple of months and you are getting your own truck and expanding to other territories as you grow your empire. That is how profitable this venture can be.
Who then will dispute that Garbage Collection is not among the most profitable businesses in Kenya in 2020? No one can.
Fruits, Vegetables, Cereals, fresh dairy produce, some white meat and many more are examples of groceries.
Most people in urban areas do not practice farming. Most of the space in towns is given to residential and commercial buildings as well as market place space. Despite all this, Kenyans in major towns and urban areas have an unequalled love for fresh groceries.
They therefore will have to depend on groceries brought from rural areas and these can only be offered by being sold at groceries or major markets. Most people may not go for groceries at major markets because of distance, lack of time and other conditions. So the grocery shop which brings these products closer to them will always be convenient for them and that is where you swing it to profit big time.
All these factors have led to the establishment and exponential growth of the grocery business and it now has a place in the most profitable businesses in Kenya today. This is to mean that if you venture in the grocery business, you are most likely to make reasonable profits out of it.
No business man wants to pump their money into a business to get nothing but losses. Every entrepreneur is looking for profits in every investment they make, and the grocery business might just meet your expectations of huge profits in Kenya in 2020. One encouraging thing is that the business is not overcrowded yet and so chances of success are so high.
Let us see how this business can be started and run, how much capital is required to start, where location is suitable and how profitable the business can be, among other important issues.
Location.
Rural areas have enough groceries in their shambas, so starting a grocery shop there will be close to committing suicide. Get to town, identify a busy street or a place where people usually visit. Brand so well that nobody can miss your grocery shop whether from near or far.
Groceries are perishable and so you need are cool and dry room where you can comfortably store and sell your groceries. The room should not be so hot and should be well ventilated.
Requirements.
What are you required to do to enjoy this profitability of the grocery business? Let us see:-
Capital.
How much you require as capital actually depends on whether you are starting small or on large scale. This is all reflected in the kind of room you hire, the size of fridge you purchase and the amount of stock you start with.
A small grocery shop will require a capital of about Ksh.100,000 – Ksh.150,000 as follows:
Premises – Ksh.15,000
Licenses – Ksh.7,000
Fridge – Ksh.40,000
Stock – Ksh.40,000
If you have more to invest, you can actually start a larger grocery shop with more stock and better equipment.
Profitability.
Small Groceries in Kenya are making Ksh.10,000 – Ksh.20,000 a day. Bigger groceries will make much more money and you can already see how lucrative owning one can be.
The only option left is to agree that indeed, a grocery shop is among the top most profitable businesses in Kenya in 2020. What you choose to do with this information solely depends on you.
The Cake business has grown so exponentially in the recent past. Kenyans have come to a point where cakes are an essential part of almost every celebration. Cake cutting has been made the order of almost every event to the benefit of the cake making industry. Better still, most people will just consume cakes even if there is no event to mark.
You must have attended a birthday party, wedding, anniversary celebration of any kind, graduation ceremonies, baby showers, launching of a company, bridal shower and many other occasions. I know you witnessed cake cutting and even consumed some. That was the work of some cake baking business somewhere.
Would you believe it that the cake baking business due to all the demand in the current Kenyan market is now one of the most profitable ventures in Kenya in 2020? Believe it or not, but that is the truth.
That same cake you consumed can well be baked in your premises and sold out to the next group of people having a celebration of some kind. The profitability in this business is so huge that even the available businesses cannot exploit all of it. There is still room for you to step in and share in the profitability.
Burning with the desire to know what it really takes one to start their cake making business? If so, I would easily understand. Here is a candid discussion of the requirements, location considerations, capital requirements, licensing and the exact profit projection of the cake baking business.
Location.
Both rural and urban areas do hold celebrations. But have you realized that even people from rural areas order their cakes from town? That should tell you something, that an urban set up will offer the most opportunities and clientele.
A shop along a busy street with both foot and vehicular traffic, well branded that all the world can see that you make cakes, will be very profitable. If you secure one in such a location then you are really in for a big earning spree.
All the above are only if you will decide to open a physical shop. There is a new emerging trend where cake making businesses operate online. You make your cakes from wherever, advertise them online and deliver to interested clients. Here, you only have an online store or a website of a kind. You display photos of your cakes there and buttons allow clients to place orders via calls, chat or any other way you choose.
Requirements.
Several requirements are factors of success in the Cake Making Business without which the profitability in the business may never be a reality to you:-
Capital.
If you operate a physical shop, you will incur costs to the tune of approximately Ksh.100,000 – Ksh.150,000. If you operate an online store, you may also incur similar costs given that you will also need to have a website built and optimized.
Profitability.
A small cake baking business may earn you Ksh.6,000 – Ksh.15,000 a day. A larger bakery will even earn you up to Ksh.30,000 – Ksh.50,000 daily with a good flow of orders and clients.
How then dare you say that the Cake Making Business is not one of the most profitable ventures in Kenya in 2020? It indeed is.
A moving Company Business is all about helping people move items in bulk. If may be you want to move out from one estate to another, you have your furniture and other items to move, and so you will seek the services of Moving Company Businesses around. If you have bought goods in bulk and want them moved to your house or home, they still come in.
The Moving Company Business has gained so much popularity in Kenya to the point of ranking among the top most profitable businesses in Kenya in 2020. It is so profitable that even if you started your own moving company business today, you will still make a fortune.
Does that mean that you should start your own moving company tomorrow? Well, not until you have information on what you really require, any licenses you need, how much capital you need, how profitable the business actually is and which the best operation base actually is.
Those and many more details are what we shall discuss here. Pay keen attention.
Location.
Where do people in rural areas need to move to? They own their houses there, whether permanent or semi-permanent. Only rare occasions where goods are to be moved. In towns however, people have every reason to move. Business goods from one store to another, household items from one estate to another and so forth. That therefore means that your operation base better be in town as opposed to the rural setting.
If you must have an office, then locate it conveniently close to a residential area, a market place or a busy store where you are likely to be contracted very fast. Display your phone numbers clearly as your brand your business office. For a small scale starter however, you don’t need an office, your phone number and robust marketing is enough.
Requirements.
Certain prerequisites must be met if success in the Moving Company Business will be your thing. Let us see which they are:-
Capital.
You might be wondering how much it will cost you to be up on your feet running a profitable Moving Company Business. It is not too much:
A small Moving Company Business should be able to start with approximately Ksh.15,000. If you choose to hire a manual cart as opposed to a pick-up, then this amount becomes even less.
A large Moving Company business that requires several trucks and pick-ups plus premises or office, then Ksh.100,000 – Ksh.200,000 would suffice.
Profitability.
The profitability here will depend on several factors. How far you are going, how many trips you go a day, and how many contracts you get, just to mention a few. If you charge about Ksh.10,000 per trip and go 10 trips a day even if under different contracts, then you can see that you already have Ksh.100,000. Remove every other running cost and I bet you will still have about Ksh.70,000 – Ksh.80,000 to spare.
Need I say more then? Moving Company Business is indeed one of the most profitable businesses Kenya has today.
Most Kenyans love traveling. Whether to tour destinations within the country or abroad, most Kenyans will be in for a tour. Even those who do not love traveling always find themselves traveling in the company of their friends to tour various destinations.
You can already guess the impact of this on the Tours and Travel Agency Business. You will be right to say that the industry has been established and has now grown to one of the most lucrative businesses in Kenya in 2020.
Though traveling and movement had been restricted in the country for a couple of months, movement restrictions have been eased and you can expect a surge in growth of the business.
It sounds like something you would want to do, right? Let us first understand some basics of how one can start a Tours and Travel Agency, how much they need as capital, the suitable location for their offices, and most importantly, how much they stand to gain in running the business.
The need for an office in operating a Tours and Travel Agency cannot be overemphasized. Bookings, consultation, and other crucial matters need a specific locale dedicated for business.
Did I specify what kind of an office? Now, the location for your office can either be virtual/online or a physical address. Whether online or physical, let there be a consultant to settle matters with clients. A legitimate business has offices where clients can have their issues sorted anyway. If you don’t have an office we will highly doubt the legitimacy of your business and operations.
A physical office needs to be within reach of your clients. You know which towns your frequent clients usually come from, so reciprocate by putting up offices in such towns or places.
What specific factors and irreducible minimums must be met by you so that you can profitably run a Tours and Travel Agency in Kenya? Below are some:-
A small travel agency will not require a lot. Let us have some quick math.
For your first trip using one bus, you realize that Ksh.50,000 – Ksh.100,000 will be enough. If you plan to start a big one, then you know that the initial capital will be way higher, as you have more costs to cater for.
Do not believe it if a small Tours and Travel Agency tells you that they do not make Ksh.80,000 – Ksh.150,000 in a single trip. That then, shows how lucrative the business is. They make even much more with large Agencies and as they grow.
What then can you conclude, other than indeed, the Tours and Travel Agency is indeed among the topmost lucrative businesses in Kenya today? That is beyond any reasonable doubt.
You must have seen so many Beauty and cosmetics shops around. Many more are opening daily. What that should tell you is that this kind of business must have something special. How come almost everyone around town is opening a beauty shop?
The increased demand for beauty products by the growing salon business and individuals too has seen the profitability of the beauty and cosmetics business shoot to be ranked among the most profitable businesses in Kenya in 2020.
It is because of the awesome profitability that so many beauty shops are opening. It is also not that hard to set up and start a cosmetics shop as we shall see. The business may also not be overcrowded as you think, and that is a good opportunity for you to open yours and get a share of the profits there.
Now that you feel charged to start your beauty shop tomorrow, do you know how much capital you need, what requirements you need to meet, where specifically to locate your shop, and the exact profit projection? It is these and many other details of the business that we shall handle in-depth here.
Virtual /online location or a Physical shop? You choose which you would prefer, or even both.
A physical shop along a busy street with both foot and vehicular traffic, well-branded that all the world can see that you sell Beauty products, will be very profitable. If you secure one in such a location then you are really in business.
On an Online store, you make a website where you display photos of your beauty products there and buttons allow clients to place orders via calls, chat, or any other way you choose.
What is required of you if you will make it out of the Beauty and cosmetics business? Let us see:-
Starting a small Beauty shop may not require a lot of money. Let us go through some quick math:
You can see that Ksh.100,000 – Ksh.150,000 will be just enough to get you on your feet running your Beauty and Cosmetics shop. Large shops may require much more than this though.
Small Beauty Shops may make Ksh.5,000 – Ksh.20,000 a day and that is good money. With proper marketing and client relationship, these profits are bound to skyrocket and the owners of such shops will be smiling to the bank.
Even with these little starting profits, can’t you see that Beauty and Cosmetics Business is one of the most profitable businesses in Kenya today? Indeed.
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