How far do you love the idea of starting your small and profitable business in Kenya in 2023?
A good business that can make you as little as 50,000 shillings monthly or simply KES 2,000 daily while you still get to work on your own terms, schedule, and in most cases, with no starting capital?
Have you ever considered how many such options that you have – to either improve your personal finances, improve your savings plan or even jump to your financial freedom?
Well, in this exclusive post, we will discuss some profitable small businesses in Kenya that you can easily start for profits, as a side hustle, or as simply a fallback for when you retire or stop working.
Most of these listed small businesses are very profitable, require little or no capital to operate, and can be done from any location of the country.
Are you ready?
So here goes;
Business Ideas That Did Well in 2023
Did you know that some of the most profitable businesses in Kenya that most people started in 2021 were as follows;
1). Bakery business.
The bakery business did pretty well in 2021 because most people now like buying ready-made food, especially pastries and bread, as opposed to buying the ingredients and baking themselves.
Bakery business was further one of the best small businesses to start in Kenya back in 2021 because it’s super easy to start, you don’t need a lot of investment, and most importantly; it doesn’t even require a lot of time or effort if you actually know what you are doing.
Is this business still viable in 2023?
The bakery business will remain the best business even in 2022 because of the same reasons we discussed.
People are still going out and buying pastries & bread from bakeries, and if you can simply come up with a good store in 2022, you’d still get a good market to serve.
2). Fruit vending.
This is another pretty lucrative small business that you can start in Kenya without much hassle.
In the year 2021, most fruit vending businesses did pretty well because of the increase in demand for fruits and vegetables.
The good thing regarding this business is that you don’t need a lot of money to get started and running, and it’s very easy to manage provided you have a good plan.
3). Brick Making business.
This is another smart business that you should consider starting in 2022 if you need to make some good money.
In 2021, the brick-making business was one of the most profitable businesses in Kenya because there was a very high demand for bricks due to the construction sector boom.
In 2022 there are still hundreds of people building new houses. And guess with what; bricks.
4). Professional cleaning services.
This is one of the most profitable and scalable small businesses to start in Kenya in 2022.
In 2021, there was a very high demand for professional cleaning services, especially in homes and offices.
The good thing considering this business is that you don’t need much capital when starting up, and it similarly doesn’t require any complicated skills.
Among others, these were the most untapped small businesses that some Kenyans made a lot of money from.
2023 yet brings on board other smaller yet scalable and profitable business ideas to pick and start as soon as January 1st, 2023.
Best Business Ideas 2023
- Start Selling Shoes-and-Handbags.
Just to be on the same side here, this is a profitable business that I have personally done for almost three years now and moving forward. And in all honesty, it pays.
To bring you to speed on my actual involvement, I started selling shoes when I lost my first job from college as a sales manager at company Y.
You don’t find so many people going and switching off from employment and sticking to business after getting very much addicted to salaries, but I did go with it.
I started my first shoe store in Nairobi – in Fontanella Market Shop number 3 A – With the name of Mofrr Footwear on Facebook – Now Nairobi City Business Club.
Like all other startups, there were no sales at inception. I felt very frustrated to the point of giving up following operating for about 2 months.
Then a huge miracle happened.
Or maybe, I was just overworking. Jake’s Footwear began getting hits and orders. I guess it’s because of our new, improved sales strategy that put intense Facebook marketing in the middle of all our online campaigns.
In the year-end 2017, we made KES. 1.8 M in sales.
It is very hard to believe that we (my wife-and-I) launched the business for less than Kshs 20,000, though.
If you want to get into the shoes and bag sales business in Kenya, get it from me – it is profitable.
Start writing your business plan today.
- Trade With The new Olymp Trade Trading Platform on Your Phone.
If I’m neither running some errands nor writing on this blog or others, I’m trading Fixed Time Trades with the Olymp Trade. Do you know what trading is?
It is the act of buying or selling goods and or services as put by google dictionary.
Except that, if you are trading on other financial markets, what you will be buying and then selling is not referred to as a good or service but an asset.
Olymp Trade platform has about five assets that you can choose to trade. Namely:- Currency pairs, Cryptocurrencies, Commodities, Stocks, Indices, among other assets.
From my personal experience, trading Fixed Time Trades is one of the easiest ways to make money online because: –
- There are ready and useful training materials to start you off – Read the – Olymp Trade for new beginners to learn the basics of forex trading and how to execute your first trade.
- The investment amount is pretty tiny. It is just $1 at Olymp Trade, and you will then walk away with 92% in profits if your forecast is correct.
- The initial deposit amount is tiny. Just $10 if you want to trade with real money.
- When you create a new account, you get about $10,000 training units. You can use these free demo units to sharpen your trading skills for when you need to trade with real money.
- You can also trade from anywhere within the country.
- It’s a super fun and convenient way to make money online.
If you need to start trading in 2022, use this form to create an account.
Note that if we make the trade together, you can make a minimum of Ksh. 2,000 daily, and we will also trade for under 30 minutes daily.
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- Affiliate Marketing in Kenya.
Affiliate marketing is another great and profitable business that so many people did in Kenya in 2022
If you need to start a business in Kenya at zero capital, then I’ will gladly point you in the affiliate marketing direction.
As an affiliate marketer in Kenya, you only need to have friends on WhatsApp, Twitter handles, Facebook, Instagram account(any social network), you name it, and to be willing to introduce new cool products to these people for payment when they purchase.
Great eCommerce companies like Jumia and Kilimall Kenya already pay millions to affiliate marketers in the country and in other African countries. Myself included.
If you missed it back there, here’s how I make passive money promoting affiliate products on Facebook Groups.
Interestingly, it pays well more than you will ever earn on your best salary job.
Here are a few of affiliate companies to open accounts with to start making money online today.
- Kingfin Affiliate program (If you want to promote Forex Products).
- Kilimall Kenya Affiliate (For all the great products online which you’d wish to sell on Facebook).
Remember, with an affiliate marketing business, and you will earn even when you are sleeping.
Provided that people buy products through your links.
To turn this profitable online business venture into a full-time job, create a free WordPress website for absolutely free to promote products on your website too.
- Start A Hardware Store.
Do you know how to create a hardware store business in Kenya?
Never mind today, here’s what you need to know: –
Owning a hardware store is a sign of success.
In fact, if you are a very rich man in Kiambu, the chances are that you own a pick-up vehicle, even own a coffee plantation but most importantly, have hardware somewhere in town.
So, what really goes into starting a hardware store?
Is it the business idea overheads or the inventory, or both?
I recently asked a close friend who works for Jubilee Jumbo Hardware – the biggest hardware supply shop in Western Kenya. And this is what he said, “Both.”
To save you the huge trouble of research, my friend also said that Ksh. 200,000 was enough for the business startup.
You will get most of the sales materials on consignment deals – if your business is duly registered.
Nonetheless, you’ll need a great location within your estate or town to meet your daily targets of Kshs 10,000 a day in profits.
Best Businesses to Start in Kenya in 2022 -Join The Motorbike Transport Business.
Boda Boda, or the motorcycle transport business, is another very profitable business to start in Kenya and earn handsomely.
If you ride your motorbike yourself, there is a certainty that you will make about 1,500 shillings daily in passive income.
Nevertheless, you can give it out to Boda Boda riders within your town and make about Ksh 500 daily. Your choice.
Second-hand bikes can go for as low as KES 30,000 on Jiji.
- Best Businesses to Start in Kenya 2022 – Start a Fast Food restaurant in Kenya.
Starting a fast food restaurant business in Kenya needs very little money.
As a matter of fact, just 1,000 shillings is always good enough -and- if you sell everything that you’ve made for each day, you can then end up with at least Ksh. 600 in profits.
And also, remember, making great food is key to customer retention.
As proof of this concept, read the story of Winnie Angaya – a 28-year-old who opened her food business in Kenya With Ksh. 1,000 Only -and- she currently earns about KES 100,000 plus monthly.
- Best Businesses to Start in Kenya today – Start a Tents For Hire Or Tents For Sale Business.
By now, you must be asking yourself how many businesses I have or operate.
The answer is simple, and I run anything I can get my hands on. Tents for hire -and- also tents for sale is just one of them.
But how much money do I make monthly -and- what was my initial capital?
At the moment, I have about 4 double pyramid tents like what you see in the picture below.
A single pyramid tent -and also- a gazebo tent.
It cost me about KES 450,000 to start up the business back in May 2018.
That’s because the initial cost of making a double pyramid tent is at KES 80,000, KES. 55,000 for single pyramid tents -and- about 35,000 for gazebo tents.
The rest of the capital went into paying rent for our location in Kisumu – along Nairobi road – Nyamasaria- Opposite the KAG Church.
Mostly, all the tents that go out for hire at least 4 times a week bringing in about KES. 52,000 weekly.
If you are currently interested in this business Venture, contact us today.
And we will not only build for you very quality tents for the best price but also guide you through doing the business.
- Buy Wholesale Clothes located in Eastleigh Nairobi-and-Sell at Retail.
If starting a well-established cloth business in Kenya in 2022 is what interests you, then you may want to understand that the best place to get your supply is in Eastleigh.
However, you may similarly want to explore other supply stores in OTCarea Nairobi, Kamkunji, Gikomba market, The stage Market location, among other places known for quality cloth supplies in Kenya.
An interesting insight regarding this business is that it leaves larger margins of profits, making it OK to sell about 3 pieces to earn around KES. 2000 daily.
You can use Facebook media to promote your products if you don’t already have a physical store set up.
Plus, it saves on startup costs.
- Join the Rideshare program If You Have a Car.
In case you have a car you own, use it for rideshare and earn money driving.
Join Uber, bolt, Taxify, Mondo; name it and make money while at it.
If you don’t like the rideshare programs, advertise your car for hire services on PigiaMe platform or your social networks and then wait for clients to call.
I doubt you won’t make up to KES. 50,000 monthly if you are persistent.
What’s the startup cost of starting poultry farming in Kenya?
If you have initial capital of about KES. 20,000, and you would like to open a reliable business with a guaranteed good profit, then poultry farming in Kenya should be at the top of your list.
Choose to either go for poultry farming in Kenya Kienyeji or the exotic. But if you ask me, I’ll say that, go Kienyeji and begin small. Each chick goes for Ksh100.
You can either buy chicks from KALRO or from Kenchick.
Spend the other Ksh 10,000 for feeds and medication.
Kienyeji chicks have about 99% chances of survival. If they do survive up to maturity-and-you sell them in about 4 months, you will be left with Ksh 30,000 profits.
An alternative is also to keep them for their products.
You’ll, nonetheless, need a larger population to get more profits.
Bonus List – Most Profitable Business Ideas in Kenya in 2022.
1). Start a Barbershop or a salon.
You can open a barbershop or a salon at home to earn about KES. 2,000 daily or more without the struggle of opening an actual shop in town.
If you can’t have heavy equipment like hair dryers -or- straighteners, then just use your creativity and also imagination to get by with what you have for now until you are then able to upgrade later.
2). Run a Car-wash in your neighborhood.
You can similarly start and run a car wash business place in your neighborhood and provide a variety of services like; vacuuming, home and office window cleaning, wheel-washing, etc.
The best part is, you can start the business with as low as ksh1,000 and make good profits.
All you need is a water source, soap, a sponge, and also a bucket to start with.
3). Start a Grocery Store (Grocery businesses are the most profitable small businesses in Kenya ). a
If you have about Ksh 1,000 that you want to invest in making some money fast, why not become a retailer of fresh groceries and earn KES. 15,000-50,000 monthly or more?
For a bigger convenient grocery outlet, you can start with Ksh30,000. Simply get a bigger space to house your inventory.
A good spot to source wholesale groceries is Dagoretti Corner in Nairobi or at Muthurwa.
4). Become an Academic writer (No initial capital needed to start).
It is a known fact that writing is a skill, and if you already have it, why not use it to earn some money as an academic writer?
I know of some friends who are doing this already. They offer their writing services through online platforms like Fiverr, Upwork, or Freelancer.
They charge from around KES. 500-800 for 1000 words depending on the online client’s budget
It is now our audience’s time to add to the list.
Comment here with a profitable business that you feel I should have on the list, and I will update it soonest possible.