If you have ever thought of owning a business, then you understand how limited capital can dictate which business to start.
Every business has the potential to grow into a profitable venture. If you aim to start from somewhere, capital should not be an excuse for not starting a business.
Here is a list of 5 businesses that require low capital, some as little as twenty thousand shillings.
Selling Tree Seedlings is a lucrative business for hands-on people. This business requires around 50,000 shillings. You can start it anywhere provided you have access to land and water.
Your customers can be landscapers, homeowners, afforestation enthusiasts, and many others. Urban centers offer the best customer base for this business.
2. Poultry Farming
Poultry farming has been a lucrative business for the last couple of years, and it will continue to be for the unforeseeable future.
Indigenous chicken(Kienyeji) rearing is more profitable than exotic chicken as it is better priced. Poultry farming has three products, eggs, meat, chicks and the chicken themselves. You will have to decide which product you’ll deal with.
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The capital this business needs vary depending on accessibility to space and your product.
3. Selling Pallet Furniture
In a society where we have fashion designers, we sure need furniture designers.
Pallet Furniture is a contemporary furniture design inspired by cargo crates structure and is ideal for outdoor deco, hotels, club lounges and even at home.
Building Pallet Furniture requires moderate skill level so, you may need to hire a handyman if you can’t nail a nail.
You’ll also need to be up to date with modern trends or better, hire a millennial to keep you up to date and to help with digital marketing. I am putting digital marketing on your budget because pallet furniture business has the potential to sell countrywide.
You’ll need carpentry tools and access to electricity.
4. Jumia Consultant.
Kenyans are a big spender, and one can generate decent income working as a Jumia Consultant.
Jumia pays consultants commission of between 5% and 15%. The commission depends on the category of products you’ve helped them sell.
Anyone can become a Jumia Consultant. It is free to join. The catch is that you will only receive commission only when you purchase from them using your Jforce account. You can, therefore, pick one category and sell it or sell multiple products.
This gig needs good salesmanship. You can set up an office and brand it to make the job fulltime.
5. Delivery Business
You don’t need a fancy mobile application to become a delivery guy. You can make a killing delivering stuff all day long. However, this business is only viable in urban centres. In Busia County, Malaba and Busia towns offer the best market for the delivery business.
You will need to own or hire a motorcycle, and you can deliver everything from Kids, gas cylinders, shopping, etc.
Again, starting a business requires more than capital. Before pumping money into that venture, do your research, check county license fees and scout for a suitable location. You’ll also need to brand your business. No business can survive in the modern world without proper branding.
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