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HOW TO START A PROFITABLE COURIER BUSINESS IDEA IN KENYA

*HOW TO START A PROFITABLE COURIER BUSINESS IDEA IN KENYA* Delivery service is a booming business in Kenya that gained momentum from the onset of the COVID-19 pandemic. Individuals, entities and businesses relied on delivery services to bring documents, parcels, and goods to their destinations, minimizing movements. The business is accelerated by trends in technology, youthful population and increased disposable income from a Kenyan middle class growing at an average annual rate of 5%. There is no doubt that Kenya‘s business environment has improved over the years and many investors have set up shop in all major towns across the country. This has further created fresh demand for speedy delivery of goods and packages – a need that has not been properly met by the national postal service. The few big courier companies that rule the industry on the other hand have not been able to match the efficiency that most clients are looking for. According to research, clients are looking for courie...

SWEET POTATO BUSINESS IN KENYA IS NOW LUCRATIVE

*ONCE FORGOTTEN, SWEET POTATO IS NOW HOT CAKE* The popular sweet potato is well known for its great source of fibre, vitamins and minerals such as beta-carotene that acts as powerful anti-oxidants in the human body. According to Kenya Agricultural and Livestock Research Organisation (Kalro), sweet potato has a number of varieties for both food and feed.  Kalro orange fleshed sweet potato are for commercialization, income generation and health improvement.  Sweet potato varieties vary depending on their flesh colour, maturity time and recommended growing areas. Some of the common varieties are Kenspot 1, Kenspot 5, Kabode, Vitaa and Mugande according to Kalro.  Festus Omogi grows sweet potatoes on his farm in Siaya County and shares vital lessons.  *Land preparation* Choose an area in full sun, till the land and add compost manure to make it fluffy. “You can plant on a flat land or make ridges, let the land warm up before planting,” says Omogi. *Propagation* He says s...

BUY A COW AT KSH.18,000, SELL IT DOUBLE OR TRIPLE THE PRICE - BEEF CATTLE FATTENING BUSINESS FOR QUICK PROFITS IN KENYA

*BUY A COW AT KSH.18,000, SELL IT DOUBLE OR TRIPLE THE PRICE - BEEF CATTLE FATTENING BUSINESS FOR QUICK PROFITS* With this population, Kenya being a ‘nyama choma’ nation, every Kenyan consumes an average 15 to 16 kgs of red meat annually. Cattle farming is one of the most practiced agripreneurship, especially in the ASAL parts of the country where crop farming is undoable. Most of the cattle kept in these areas are primarily for beef. It is estimated that the ASAL areas account for about three-quarters of the estimated 14 million beef cattle reared in the county. The Boran cattle breeds are the most reared owing to their superior characteristics. They have the ability to withstand periodic shortages of water and feed, the ability to walk long distances in search of water and feed, and the ability to digest low-quality feeds. Picture this on beef farming in Kenya: A Maasai herder could have a herd of 200 animals, keep them locally for 5 to 10 years with attachment and not sell them to r...

WHAT IF MY BUSINESS FAILS ?

*WHAT IF I FAIL?* Well, what if you succeed? Why have you chosen to see this half-glass of water as ‘half-empty’ instead of ‘half-full’? The fear of failure is the most crippling reason why many of us will never start a business in our lifetime. We admire successful entrepreneurs as if they knew from the beginning that they would succeed. You should know that they had the same doubts like you do. They all feared for an uncertain future, an irregular income and total failure. What if you fail? What if your business idea doesn’t sell or work? While these are very important questions, you may never know the answers unless you try. In the world of entrepreneurship, success and failure live in the same house. If you’re afraid of failure, there’s a very thin chance that you will ever taste success. How do you win a boxing match if you’re afraid of entering the ring? Business is, and has always been, about taking risks. That’s why entrepreneurs are known as ‘risk takers’. There is always an e...

HOW TO MAKE MONEY FROM MUSIC IN KENYA

*HOW TO MAKE MONEY FROM MUSIC* There are many ways to make money in the music industry in Kenya. You can earn money on YouTube, live performances, digital sales, sponsorships or become a brand ambassador.  You can work in the music industry as a producer, musician, record label or music promoters in Kenya.  Therefore, if you are thinking of getting into the music industry, there are many opportunities and areas you can venture into. *Lucrative Ways to Earn as a Musician in Kenya* You could be wondering, how do Kenyan musicians make money? The following are excellent ways you can generate money through the music industry in Kenya. *YouTube Channel* You can earn extra income by uploading your music on a YouTube channel. If your channel becomes popular, Ads will be displayed on it.  Whenever people click on an advert on your channel, you earn a commission.  There are many platforms through which you can use to collect the money you make through YouTube. *Selling Merchan...

LAND BUYING AND SELLING BUSINESS IN KENYA

*LAND BUYING AND SELLING BUSINESS* In almost every community in Kenya, owning a piece of land has been a coveted investment and with increasing population, this has become even more urgent. The desire (or is it lust) by every Kenyan to own land or a home has reached alarming proportions. Every Kenyan now wants to own a home and stop paying rent.  Starting a land buying business can be a very lucrative venture. Demand for land for farming, building a home or just for speculation is very high all over the country. You can make a kill by buying land and selling off after some time.  Land prices will always appreciate due to this unsustainable demand. *What you need* Land buying and selling business is very easy to start. You will not need any equipment. In fact you can even start without an office. What you will need is enough cash to buy the land.  Your profit margins will be much higher if you buy in big acreage and sell in smaller plots. You may choose to register a compa...

HOW TO RAISE MONEY FOR YOUR BUSINESS IDEA

*HOW TO RAISE MONEY FOR YOUR AGRIBUSINESS IDEA OR ANY OTHER BUSINESS IDEA* You have a great agribusiness idea but you need money to actualize it. This is usually the problem that faces many young farmers in Kenya. This is the problem that I faced when I started out.  Let’s face it, it’s never easy to raise money to start a farming business in Kenya. Farming start-ups are considered as high-risk ventures and everyone who has heard the sad stories that happen on the farm are afraid of it.  Banks are afraid of them. They can only give you money if you have already started something and a stable cash-flow can be seen trickling into your account. If they cannot see any evidence to this, they will not listen to your wonderful agribusiness idea. Farming is just any other business and should be treated as such. The only difference is that farming has more risks involved, and many beginner farmers who get into farming usually don’t get out alive (Succeed).  This is why everyone is...