Starting a business in Kenya can be a daunting task, especially if you’re working with a limited budget. However, with a little creativity and resourcefulness, you can start a profitable business with just 50k. In this article, we’ll take a look at the 17 Businesses to Start With 50k in Kenya.
- 1. Online Store
- 2. Photography
- 3. Event Planning
- 4. Social Media Management
- 5. Freelance Writing
- 6. Graphic Design
- 7. Tutoring
- 8. Personal Training
- 9. Food Delivery
- 10. Cleaning Services
- 11. Car Wash
- 12. Laundry Services
- 13. Pet Grooming
- 14. Sewing and Tailoring
- 15. Blogging
- 16. Car Rental
- 17. Personal Shopping
- How to Invest 50k In Kenya
- Wrapping up list of Businesses to Start With 50k in Kenya
Here’s to invest 50,000 Kenyan shilling
1. Online Store
With the advent of e-commerce, starting an online store has become easier than ever.
You can use your 50k to purchase inventory and set up your website or online store.
Or you can sell anything from fashion accessories to electronics.
Do you have a passion for photography?
Why not use your 50k to invest in a good camera and start taking professional photos. That’s only you’re skilled in this area.
You can offer your services to individuals, businesses, or even events.
3. Event Planning
Event planning is a lucrative business that requires little capital to start.
That is using your 50k to create a portfolio and start marketing your services to potential clients.
4. Social Media Management
With the rise of social media, businesses are in need of social media managers to help them manage their online presence.
First, you will need to invest your 50k to take courses or certifications to acquire or gain those skills from places like Udemy.
Then acquiring those skills you can then start offering your services to businesses looking to break into social media.
5. Freelance Writing
If you have a talent for writing, you can use your 50k to set up a freelance writing business.
You can write articles, blog posts, or even copy for businesses.
6. Graphic Design
Graphic design is a skill that is in high demand.
You can use your 50k to invest in a good computer and software and start creating designs for businesses or individuals.
If you have expertise in a particular subject, you can use your 50k to start a tutoring business.
You can offer your services to students in your area.
8. Personal Training
If you’re passionate about fitness, use your 50k to become a certified personal trainer and start offering your services to individuals or even gyms.
9. Food Delivery
With the rise of food delivery services, you can use your 50k to start your own food delivery business.
You can partner with local restaurants or even cook your own meals.
10. Cleaning Services
Cleaning services are always in demand in Kenya mostly in developed towns since most people are busy chasing money and jobs.
Therefore take advantage as soon as possible;
You can use your 50k to purchase cleaning supplies and start offering your services to homes and businesses.
11. Car Wash
Starting a car wash business requires little capital.
Use your 50k to purchase cleaning supplies and set up a car wash in a busy location.
12. Laundry Services
Laundry services are in demand, especially in urban areas. Therefore, you can use your 50k to purchase laundry machines and start offering your services to individuals or even hotels.
13. Pet Grooming
Pet grooming is a business that is in high demand. Use your 50k to purchase grooming supplies and start offering your services to pet owners in your area.
14. Sewing and Tailoring
If you have sewing skills, you can use your 50k to purchase a sewing machine and start offering your services to individuals or even fashion designers.
Blogging can be a profitable business if you have a passion for writing. Use your 50k to set up your blog and start creating content that resonates with your audience.
16. Car Rental
If you own a car, you can use your 50k to start a car rental business. You can rent out your car to individuals or even businesses.
17. Personal Shopping
Personal shopping is a business that requires little capital to start. Use your 50k to create a portfolio and start offering your services to individuals or even businesses.
How to Invest 50k In Kenya
To invest 50k in Kenya, consider options like real estate, stocks, agriculture, or small businesses. Research each option, assess risks, and potential returns. Diversify investments for stability. Consult local experts, study market trends, and make informed decisions. Regulatory and economic factors should guide your choices.
Here are some steps to guide you:
- Identify your business idea: The first step is to determine what kind of business you want to start. Consider your skills, interests, and market demand when choosing your business idea.
- Conduct market research: Once you have an idea, research the market to understand the competition, potential customers, and pricing strategies. This information will help you refine your business plan and make informed decisions.
- Create a business plan: A business plan is essential to guide your business operations and secure funding. It should outline your business goals, target market, financial projections, and marketing strategies.
- Register your business: To operate legally, you need to register your business with the relevant authorities, such as the Registrar of Companies or County Government.
- Secure funding: With 50k, you can explore options such as bootstrapping, crowdfunding, or seeking small business loans.
- Launch your business: After securing funding, start executing your business plan. Set up your business premises, hire staff, and market your products or services to attract customers.
- Monitor and evaluate your business: Keep track of your business performance by measuring your revenue, expenses, and customer feedback. This information will help you make informed decisions to improve your business operations.
Starting a business in Kenya with 50k may require a lot of hard work and dedication, but with the right idea, market research, and execution, you can succeed.
Wrapping up list of Businesses to Start With 50k in Kenya
In conclusion, starting a business in Kenya with 50k is possible if you’re resourceful and creative. Use these business ideas as a starting point and customize them to suit your skills and interests. With hard work and dedication, you can turn your 50k investment into a profitable business.