Although some businesses cannot be started without having large sums of capital, it is still very possible to set up a profitable one with very little money.
However, any type of business you may want to venture whether large or small, it is advisable to not to be faint-hearted kind of an individual.
Instead, you have to be patient, consistent, and ready to make losses. Below are some great business ideas that you can try out for a good profit margin.
Smokies and eggs business
In this business, you just need less than Sh10,000. If you are a beginner, you need a smokie grilling equipment that goes for around Sh5,000, a supply of smokies and eggs, and some charcoal.
For smokies, you can get them at the nearest Farmer’s choice shop at Sh330 per packet which contains 22 pieces.
Eggs, you can get supplies from your nearest shop or source from friends, where normally a tray goes for Sh300 or even as low as Sh280 during peak seasons.
You need a strategic location for this kind of business such as near bus stops and stages, areas around learning institutions, around bars and clubs, near hospitals and industrial areas, junctions, market places, especially in town.
At Sh330, it means every piece goes at Sh15 each which you can sell at Sh25 to get a profit of Sh10. And if you are in a highly-populated area where you can sell like five or more packets, you get very high returns.
If you manage to sell five packets a day, with each packet containing 22 pieces, you will have sold 110 pieces and if you sell each at Sh25, you will make Sh2,750.
Your expenses for the day can run into Sh1650, averagely. This comprises of kachumbari cost which is averagely Sh100 for tomatoes, onions, and dhania. That adds up to Sh1750. Total profits from that sale will then total up to Sh2750-1750=Sh1,000 a day.
Plus eggs, your profit will be elevated. Take for instance you sell averagely two trays of eggs per day. That is Sh60, with every egg going at Sh20 translating to Sh1,200 a day.
The expenses involved for eggs per day are Sh600 for two trays of eggs. That means, the profit you will make in a day for eggs is Sh600.
Making beaded handbags and sandals
This is another business that is unique and female-dominated, though, if you are a man and interested, you are not cut out.
Just a kilogram of beads will cost you Sh370 in Nairobi. For a handbag and sandals, one kilogram of beads is enough.
The selling cost of those sandals and handbag will range from Sh3,500 to Sh4,000.
For a starter, training and equipment costs such as needles and string can be about Sh3,000 and Sh600 respectively.
Selling wallpapers is one of the viable business ideas in Kenya since most of the people in Kenya live in houses with dull painting and they will be willing to spend to make the inside of their houses shine.
As a businessman, you will be dealing with handy wallpapers. You can get this kind of wallpapers from the local wholesalers or get them by importing from other countries.
The cost of ten meters of wallpaper roll can be around Sh1,600. Including other expenses, the total expense of the business might be approximately Sh1,800 to Sh2,000.
After getting the material you can sell that wallpaper roll for Sh3,600 including installation charge for Sh1,500. It can generate double profit and more revenue.