Top 10 Profitable Business Ideas, Opportunities, and Starting Capital

The latest Kenyan population stats indicate that there are over 60 million residents in the country. The number is rising steadily considering high birth rate to mortality ratio. We look at various profitable business ideas in Kenya which are also adaptable in other parts of the world.

Booming socio economics is creating more opportunities. Now is, therefore, a perfect time to roll out your dream business idea with a guarantee of good returns.

Top 10 Profitable business ideas

The discussed small business ideas stand out from the long list of investment opportunities.

Which is the most profitable business idea today?

1. Start a food store or cereal business

Food is a part of life and therefore a sustainable business idea all-round the year.

Get a warehouse or shop, stock on-demand foods such as maize and beans, then keep a close eye on profitability.

A case in point is a crew of banana peddlers who make a fortune by supplying the fruit to ready markets in Nairobi, Nakuru, and Mombasa among others.

Cereal business in Kenya is another low-risk, high-return investment opportunity.

A list of local foods you can stock is unlimited because there is a variety within agriculturally productive parts of the country.

Above all, starting a food store line takes in little investment with a guarantee of good income if done properly.

2. Launch a consultancy office, freelance startup, or cyber cafe

The numbers of tech related jobs in various counties are rising by the day. The trend suggests an increased demand on digital services.

Those with technical skills can take advantage of this new opportunity.

Some of the services with a ready market include photocopying, printing, scanning, typesetting, and online applications.

Android app development, digital coaching, and website design are also lucrative.

Besides, starting an electronics repair shop to troubleshoot laptops, desktops, and phones is well paying.

Becoming a freelance online writer for a dollar paycheck on trusted sites such as Upwork.com and Fivver.com is another good idea.

3. Photography, videography, graphic design, and social media marketing

We live in a digital world where photos and videos are a part of our everyday interactions on social media.

A rising demand for quality media is opening new possibilities in the world of photography and videography.

Similarly, there is a market for professional graphic designers. These include social media influencers and brand endorsement partners.

Sure enough, money flows where the people are camping, in our time it is social media.

4. Bakery, restaurant, and bar

Urban residents love throwing lavish birthdays and celebrating major events in life including marriages and funerals.

A good bakery can attract most of these customers for an insatiable pinch of flavours.

Those with a weekend ritual can also flock at your bar with thick wallets in exchange for pleasure and entertainment.

Catering service providers in Kenya are already earning well from professional cooking skills.

Some of these have also ventured into the sprawling tents and chairs hiring.

5. Offer technical services in plumbing and hospitality sectors

Various colleges and universities graduate thousands of skilled workers every year.

Sadly, the job market is already saturated leaving them with no option but to start offering their skills for a living.

Those in the hospitality industry including catering, plumbing and electricals easily land well-paying deals and contracts.

Those with vocational skills will always find something to do for a living in major towns and cities.

6. Invest in the service industry such as a milk bar, MPesa, and car wash

Some of the ready market opportunities in the town service sector include retail businesses such as organic food eatery and a milk bar outlet.

Other examples include opening an MPesa shop, a car wash, or a garage. The list also include a gas refilling, shoe repair, and tailoring shops.

Take a walk around major Bosongo estates and you will be surprised at the number of untapped opportunities.

7. Mitumba, boutique and fashion corners

Both Mitumba and official clothing are equally marketable in the country.

Thousands often flock Gikoma, East Leigh, and Daraja Mbili open air markets for cheap Mitumba clothes.

8. Join the transport sector as a motorbike rider or an insurance agent

Selling insurance policies is still a well-paying opportunity for those with excellent marketing skills.

Many students and fresh graduates living in town can try becoming insurance policy marketers.

The good thing is that there are no entry requirements, provided one meets their targets for a considerable commission.

On the other hand, a rising population has created a huge demand for instant commuting service provided by motorbike riders.

Motorbike riding is a highly promising and already a well paying full time job for several youths.

Luckily, matatu vehicles are providing motorbikes with little to no competition in transporting people within town.

9. Express your talent as a musician, DJ, producer, actor, or comedian

People love having good times, especially over the weekends.

That is why entertainment halls and most wines and spirit shops are busy at such times.

Examples of artists doing well in the sector include Diana Bahati, the Maangis, Embarambamba, and Churchill Ndambuki.

The theatre industry is also on the lookout for people who can act, create vines on YouTube, and star in local events.

Those with a passion for entertainment can go ahead with their dreams, undeterred.

10. Buy land, erect rentals, offices to let, or become a real estate broker

The real estate industry is not yet saturated, when it comes to classy housing facilities with enough parking space, access to clean water, and reliable security.

Also, there are not enough buildings to accommodate various businesses, mostly those planning to open branches in other parts of the country.

Both residential and business properties are therefore in demand with a promise of high returns on investment.

Those without millions to start these dream projects can become brokers of land for sale in Kenya.

You can also become a broker of used cars and real estate properties for a six figure income without a starting capital.

Why these 10 business ideas?

Most residents depend on businesses because there are only a handful of employer companies in the region.

You should, therefore, consider any of these business ideas in any fast growing metropolitan with voluminous capital in circulation.

Starting any of our profitable business ideas will cost lesser in places with affordable housing and fewer permit requirements. Go ahead and become your own boss for a sustainable income.