• Home
  • Business
  • Investments
    • Construction
    • Cryptocurrency
    • Forex
    • Money Market Funds
    • Real Estate
    • Saccos
    • Shares
    • Stocks
  • Loan Apps
  • Finance
    • Banking
    • Insurance
    • Loan Apps
    • Make Money Online
  • Guides
  • Education
  • Reviews
  • Health
  • Hosting
  • Gadgets
    • Laptops
    • Mobile Phones
    • Tablets
  • Technology
  • Make Money Online
  • Contact us
Techpawa
No Result
View All Result
  • Home
  • Business
  • Investments
    • Construction
    • Cryptocurrency
    • Forex
    • Money Market Funds
    • Real Estate
    • Saccos
    • Shares
    • Stocks
  • Loan Apps
  • Finance
    • Banking
    • Insurance
    • Loan Apps
    • Make Money Online
  • Guides
  • Education
  • Reviews
  • Health
  • Hosting
  • Gadgets
    • Laptops
    • Mobile Phones
    • Tablets
  • Technology
  • Make Money Online
  • Contact us
  • Home
  • Business
  • Investments
    • Construction
    • Cryptocurrency
    • Forex
    • Money Market Funds
    • Real Estate
    • Saccos
    • Shares
    • Stocks
  • Loan Apps
  • Finance
    • Banking
    • Insurance
    • Loan Apps
    • Make Money Online
  • Guides
  • Education
  • Reviews
  • Health
  • Hosting
  • Gadgets
    • Laptops
    • Mobile Phones
    • Tablets
  • Technology
  • Make Money Online
  • Contact us
No Result
View All Result
No Result
View All Result
  • Home
  • Business
  • Investments
  • Loan Apps
  • Finance
  • Guides
  • Education
  • Reviews
  • Health
  • Hosting
  • Gadgets
  • Technology
  • Make Money Online
  • Contact us

Home » Business » List of Businesses to Start with 5k in Kenya

List of Businesses to Start with 5k in Kenya

Davis Njagi by Davis Njagi
October 31st, 2021 6:49 pm

Updated on September 5th, 2022 at 12:13 pm

in Business
2
List of Businesses to Start with 5k in Kenya
Share on FacebookShare on Twitter

Table of Contents

    • List of Businesses to Start with 5k in Kenya
      • Target market
      • Competition
      • Passion
      • Country economic stability
      • Business location
  • 10 Ways to Increase Business Efficiency
  • Strategies for Value Creation in Small Businesses
  • How to Start Scrap Metal Business in Kenya and Licensing
  • How to Start a Matatu Business in Kenya
      • Marketing technique
    • So which businesses can you start with 5k?
      • Selling mitumba clothes
      • Selling handmade beaded earrings and necklaces
      • Starting a mandazi business
      • Selling undergarments
      • Start offering laundry services

List of Businesses to Start with 5k in Kenya

You can become an entrepreneur regardless of whether you have a lot of money. Provided you have enough to satisfy your first customer, do not let your current financial incapability stop you from becoming a business person.

 

With Ksh 5,000, there are endless opportunities in the business world that you should consider. But before making any important decision about the business that you hope to start, think about below factors that will affect the success of your venture:

 

  • Target market

Your business will only succeed if you convince as many customers as possible that you’re offering something that they need. Your target market will be determined by the products or services you choose to deal with. For instance, if you decide to sell beauty products, your target market will be comprised of ladies. With this understanding, you’ll design your operations in a manner that accommodates them.

 

  • Competition

Regardless of the amount of money you invest in your business, you’ll have to deal with competition. Identify the individuals who are engaged in the same venture as you hope to start to gain insights on how to succeed. However, do not implement all their techniques because there is a need for your customers to realize a difference in the way you operate compared to the other business people.

 

  • Passion

Even though generating profits is the end goal, you must not be blinded by money that you devote all your energy to something that doesn’t excite you. Identify the niche that you’re passionate about and find a way to earn from it. This way, it will be easy for you to keep working smart regardless of possible challenges.

 

  • Country economic stability

Again, how high or low your capital investment is will not prevent you from experiencing the challenges that business people experience in the course of their operations. As a result, you need to analyze the economic trends and find a way to keep your business afloat even when there is less money in circulation for customers to spend on your enterprise.

 

  • Business location

With Ksh 5,000 you can choose to operate an online business or be a mobile business person. Either way, you will not have to spend a lot of money on renting a physical space. For instance, running your enterprise through social media is affordable and you’re likely to reach many people through the available platforms. All in all, choose an option that reduces your costs and increases your earnings massively.

 

Read More

10 Ways to Increase Business Efficiency

Strategies for Value Creation in Small Businesses

How to Start Scrap Metal Business in Kenya and Licensing

How to Start a Matatu Business in Kenya

  • Marketing technique

Customers are every business’s backbone, but you’ll only achieve your goals if they are aware that your business exists. Again, you can start by using social media to create awareness of your existence, as you can’t spend too much money on expensive advertising

strategies.

 

So which businesses can you start with 5k?

 

  1. Selling mitumba clothes

The mitumba business is a booming one, as most individuals would rather buy less expensive and unique clothes. Provided you buy the best for your target market, you can be sure that you’ll not experience have many pieces in stock without no one to buy them.

 

With a mitumba business, you can start with Ksh 5,000 or less, as you only have to buy a few pieces and sell them at a profit so that you can buy more in the future.

 

  1. Selling handmade beaded earrings and necklaces

You can learn how to make earrings and necklaces using beads through social media platforms like YouTube or by asking a friend who has mastered his skill to teach you.

 

On starting to sell your products, obtain feedback on how best to improve your delivery in terms of designs and colors. You should also communicate to your current and potential clients that you can make customized pieces for them.

 

  1. Starting a mandazi business

A mandazi business is likely to generate you a substantial income seeing that mandazis are a favorite to many. For instance, you can set up a spot at your near your home, early in the morning, and target parents who have school-going children.

 

To sell extensively, you’ll have to wake up early as most children go to school by 7 AM. As your business grows, you can open a hotel and start selling a variety of treats.

 

Read Also List of Businesses to Start with 20k in Kenya

  1. Selling undergarments

Undergarments are a must-wear for children and adults, so this is a venture that could be very profitable with the right planning.

For instance, if you choose to concentrate on ladies’ underwear you can start by buying 4 dozens, which will cost you approximately Ksh 4,000 but don’t buy similar designs. Eastleigh is one place to source from as many vendors are selling in bulk.

 

  1. Start offering laundry services

With how busy people are, cleaning up may be a challenge seeing that there is barely time to spare. You can bridge this gap by offering cleaning or laundry services to such individuals. All you have to buy are detergents, buckets, basins, mops, and brooms to serve your clients, which may cost you Ksh 1,000.

 

You can spend the rest on hiring one or two people to help with offering these services so that you can meet the needs of various clients at the same time. In the future, you can invest in a laundry machine to save time, but do not strain yourself to buying it in the beginning.

Comments 2

  1. Isaac wekulo says:
    12 months ago

    I need a loan to boost my shop ,elite electrical shop.i need 20k 0nly

    Reply
    • Admin says:
      12 months ago

      Hi Isaac,

      To obtain a fast loan. Please use these apps to apply.

      Apesa,Metaloan,Opesa,Tala

      Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Davis Njagi

Davis Njagi

Davis Njagi is a technology-focused content writer and web developer with over 5 years of experience in the industry. He focuses on writing articles about the most recent developments in business, finance, and technology. Davis also works as a Freelance Fitness Consultant for customers, designing compelling workout plans that align with their fitness objectives in addition to writing and web development. He graduated from Kenyatta University with a degree in exercise science and from Dima College with a diploma in information technology.

Related Posts

10 Ways to Increase Business Efficiency
Business

10 Ways to Increase Business Efficiency

2 months ago
Strategies for Value Creation in Small Businesses
Business

Strategies for Value Creation in Small Businesses

2 months ago
How to Start Scrap Metal Business in Kenya and Licensing
Business

How to Start Scrap Metal Business in Kenya and Licensing

4 months ago

Trending

  • Safaricom Jiandikishe App, How to Activate

    Safaricom Jiandikishe App Guide and Login

    0 shares
    Share 0 Tweet 0
  • How to Unlock KPLC Token Meter, KPLC Tamper Code

    0 shares
    Share 0 Tweet 0
  • List of M-Kopa Phones and Prices in Kenya

    1 shares
    Share 0 Tweet 0
  • How Much Do TikTok Coins Cost, TikTok Coins to USD Calculator

    0 shares
    Share 0 Tweet 0
  • A Comprehensive Guide to Credit Card Perks and Benefits, Travel Insurance, and Extended Warranties

    0 shares
    Share 0 Tweet 0
  • List of University of Nairobi Courses

    0 shares
    Share 0 Tweet 0
  • Marakumi, Registration, How to Play, Reviews, Tricks

    0 shares
    Share 0 Tweet 0
  • How to watch Movies and Series on Goojara app, Goojara app download

    0 shares
    Share 0 Tweet 0
  • How to Start Scrap Metal Business in Kenya and Licensing

    0 shares
    Share 0 Tweet 0
  • NetPesa, NetPesa login,Registration

    0 shares
    Share 0 Tweet 0

About

Techpawa is an online blog that covers the most recent business, technology, and finance news from around the world, as well as trending reviews, tips, and technological updates.

Follow us

Quick Links

  • Banking
  • Business
  • Construction
  • Cryptocurrency
  • Education
  • Finance
  • Forex
  • Gadgets
  • Guides
  • Health
  • Hosting
  • Insurance
  • Investments
  • Laptops
  • Life Hacks
  • Loan Apps
  • Make Money Online
  • Mobile Phones
  • Money Market Funds
  • Ponzi Schemes
  • Real Estate
  • Reviews
  • Saccos
  • Shares
  • Social Media
  • Stocks
  • Tablets
  • Technology

Recently Updated

The Most Lucrative Positions in Finance

A Comprehensive Guide to Credit Card Perks and Benefits, Travel Insurance, and Extended Warranties

The 10 Challenges Facing Small Businesses: A Comprehensive Guide

10 Ways to Increase Business Efficiency

Bitcoin Definition, Bitcoin Mining, Future of Bitcoin

What is Blockchain Technology and How does it Work

Strategies for Value Creation in Small Businesses

List of Watu Credit Phones in Kenya

Recent Posts

A Comprehensive Guide to Credit Card Perks and Benefits, Travel Insurance, and Extended Warranties

10 Ways to Increase Business Efficiency

The Most Lucrative Positions in Finance

Strategies for Value Creation in Small Businesses

List of Watu Credit Phones in Kenya

How to Start Scrap Metal Business in Kenya and Licensing

How to Start a Matatu Business in Kenya

  • Home
  • Privacy Policy
  • Terms & Conditions
  • Cookie Policy
  • Contact us

Copyright © 2022 TechPawa Designed by NjawaTech Solutions .

No Result
View All Result
  • Business
  • Health

Copyright © 2022 TechPawa Designed by NjawaTech Solutions .

x
x