5 Smart business you can start with less than Sh. 100,000 in 2021
It is very important to prepare thoroughly before starting a business in Kenya. This involves conducting exhaustive market research to understand more about the business as well as your target market.
Furthermore, there are several legal requirements that you will need to fulfill for smooth operation. It is very important to familiarize yourself with them before taking any major actions. You can do this online, or by consulting professionals.
With that said, below are 5 businesses you can start in Kenya with less than Ksh. 100,000.
- Sell Pallet Furniture
Pallets are structures that are usually used during the storage and transportation of containers and other materials. They provide protections and support as the goods are stacked, stored, and handled by conveyors, forklifts, and so on.
There are various types of pallets and they are usually made from wood, metal, plastic, or corrugated paper. In addition to their protective qualities, they can be used to create various types of furniture, including beds, chairs, and tables.
Pallets can be acquired quite inexpensively with prices as low as a few hundreds. In fact, many companies have piles of junk pallets which you can buy cheaply, or even acquire for free.
Making pallet furniture requires skills and expertise which can be learned using online tutorials. Alternatively, you can use the services of a professional carpenter as you focus on marketing. Once you have a collection, you can take pictures and market them on social media, or through your website.
- Sell Bonsai Trees
Bonsai is the art of growing miniature or dwarf trees in containers. It involves the use of various cultivation techniques such as root pruning to dwarf ordinary trees. Other than their small size, bonsai trees have all the features of full-grown trees.
Each bonsai is created beginning with seedling, cutting, or a small tree. Bonsai can be created from nearly any perennial woody-stemmed tree or shrub species that produces true branches and can be cultivated to remain small through pot confinement with crown and root pruning
Growing and selling bonsai trees requires patience and dedication as they take years to develop. However, once developed, each tree can be sold for thousands of dollars. The value can also be added by using special kinds of pots to grow the trees.
- Offer Advertising Spaces on Notice Boards in Public Areas
Displaying information on notice boards is an effective way of communicating to the public. So much so that many people are willing to pay to advertise their products or services on notice boards in busy areas.
Notice boards a great source of passive income. Not only are they profitable, but they don’t require much maintenance work; just cleaning and the occasional removal or replacement of old ads.
For optimum results, you can erect boards in busy areas such as bus stops with a notice offering the advertising space, and your phone number. It is imperative, however, that you get authorization from the relevant authorities before doing this.
Once you get the approval, you can set up multiple boards in different areas. Interested parties can contact you for more information. You can then charge weekly rates depending on the ad sizes.
- Offer Services to Start-ups in Exchange for Shares
Lack of experience, expertise, or even capital are major factors that can lead to the downfall of a promising business. However, if you are gifted with profound knowledge, skills or experience in sought after fields such as cyber security, app development, web development, and marketing, you can help inexperienced entrepreneurs to succeed.
Instead of requesting payments for your services, you can request shares of that company. Such long-term investments have the potential to be far more rewarding than a one-off payment.
- Cleaning Services
Cleanliness is of utmost importance to many organizations, and they usually contract such services to third party companies. You can offer cleaning services to hotels, offices, residential estates, restaurants, etc. The demand is usually high provided you conduct proper research.
Furthermore, it doesn’t take a huge amount of capital to start a cleaning company. You just need the appropriate equipment and a small team.