Business Ideas that youths can venture into in Laare Market
With fewer jobs in the market and thousands of graduates chasing after them, securing employment in Kenya is about as hard as starting a business without the right information. Understandably, most Kenyans are – whether degree, diploma or certificate holders – are turning to business as they search for their dream jobs.
Business is good. Most millionaires in the world became wealthy from business. But success in business is not assured as you need a great idea, capital, determination and hard work.
To help thousands of Meru Youths looking to venture into business, below is a list of 15 simple business ideas that are not only easy to start with low capital requirements but also easy to run.
1. Salon or barber shop
While some people may underrate this business and assume that it is for the uneducated, it is, in fact, a lucrative business that has the potential of making you good money running into millions.
You can start by visiting clients in their home; make enough money to finally rent out a place. A standard salon or barber stall goes for Ksh6000 to 15,000. From there you can work on getting cash to buy the equipment you need.
2. Boda boda business
This is one of the lucrative business ideas in Kenya that young people especially are venturing into in large numbers. If you are still looking for a job and have some money saved up, this is a good business start.
A motorcycle in Kenya costs from Ksh.65,000 to 120,000. It means that with less the 100K, you can go into boda boda business. Dealers work with banks to allow credit facilities, so with some deposit you can get a bike and pay monthly instalments from the earnings.
The good thing about this business is that you can be sure that at the end of the day, you can make a comfortable Ksh1,000. If you can’t ride it yourself, you can always employ someone.
3. M-Pesa business
M-Pesa has grown tremendously into a lucrative business. Even if this business seems crowded, no matter where you are operating at, you can be assured that at the end of the day you will still make a profit. Opening an M-Pesa business requires you to have at least 100,000 but if someone gives you their line to operate with you only require around 50,000. As with other businesses location is also key.
4. Poultry Farming
Instead of keeping on sending numerous job applications without getting any response, whey not better yourself by starting a poultry business? Starting a chicken rearing business requires a seed capital of as low as Ksh20,000. Profit increases as you increase the number of chicken.
5. Printing and photocopy
If you are in college or university, this is one of the most profitable businesses you can start. You could also venture into the business if you are living near a college or university. You will need to purchase a computer, printer and photocopy machine.
6. Boiled eggs and smokies
If you have little capital and looking for small business ideas in Kenya, selling smokies and eggs is a business you can think about. To start the sausage, samosa and egg business you need a capital of around 1,000 for stock.
One egg goes for around 10 bob and then sell at 20 bob. That’s 10 bob in profit. On a good day, you can make a profit of about Ksh.500. in a month you are assured of an income of over Ksh.15,000. All you need is to find a good location.
The truth is that every woman in Kenya wants to look beautiful and you can tap into this potential by starting a manicure and pedicure business. You can start by doing house calls before you rent a place.
8. Car wash business
This is one of the most common business ideas in Kenya right now. You don’t require much to start a cash wash, just an area with water supply. The Kenyan culture is that people would rather pay someone to wash their cars than do it themselves.
If you charge 200 shillings per car, you can manage to clean 100 cars per day again depending on where you are located. That is 20,000 per day.
Get a dedicated staff and you could be making around 400,000 in a month. Get over the mentality that car washing is for the lowly and uneducated people in society, people are making millions from that business.
9. Movie shop
This is one of the top businesses you can start with just about Ksh20,000 in Kenya. It is also one of the easiest and the returns are really good. If you have a computer or a laptop already, you can just rent out a room and start selling your movies.
Most movie shops make a profit of about 4,000 per day, translating to Ksh120,000 per month. Before long you will be having your own chain of movie shops in various major towns.
10. Cleaning service
It took Joram Thuranira the CEO of Dawndew, one of the biggest cleaning service provider in Kakamega only Ksh30,000 to start. He started by hiring youths who would clean mats, car seats and houses in estates at a charge of Ksh1000 – Ksh5000 and would pay them Ksh500.
Before long, the business had grown and he was able to register a company and now makes over Ksh3 million in a year. As you can see, you don’t need much to start a home cleaning business.
11. Selling Ice Cream
This is another one of the top business ideas in Kenya you can start. You need to find a good location like near a school, university or a street with a lot of traffic like laare market. The starting capital for this business in Laare is Ksh20,000.
12. Juice blending/fruit business
With so many terminal illnesses like cancer, diabetes and eve HIV-AIDS most people opt to stay away from processed foods. You can help people adopt healthier lifestyles by starting a juice blending and fruit stand. You need a seed capital of Ksh10,000 to buy a blender and other containers and you are off to go.
13. Selling women handbags
Women love fashion and looking good. You can start selling handbags and make good profit. People who are in this business get their supplies from places like Eastleigh or Uganda.
And with the advent of social media, online business is booming. You can create a Facebook page for your business, boost a few posts to reach as many people as you want. The good news is that, you don’t have to stress about getting the city council permits or a stall when you are conducting this business online.
14. Cereals Business
Choose a good location and you are on your way to a booming business. You can get your supplies from Kianjai or Kiutine. You can buy them wholesale and distribute to other sellers within your locality.
15. Selling second-hand clothes
This is one the most popular business in Meru, but tricky to run. However, second hand clothes business is booming and if you are looking for a business to start, this would be the best place to.
The good news is that you don’t require a lot of capital to go into the mitumba business. With as little as 1,000 you can start selling mitumba clothes. All you need is to get a good location and know where you will be buying clothes. Most people buy at Gikomba and Muthurwa markets in Nairobi. On average, you can make a profit of Ksh500 a day, while some make up to Ksh10,000.
To conclude, it doesn’t matter how much capital you put into a business. Any business with the right determination will succeed. If you are still confused about what business to start, why not choose from these profitable business ideas.