5 Latest & Most Profitable Business Ideas in Kenya 2023
5 Profitable Business Ideas in Kenya 2023
With so many profitable business ideas in Kenya 2022, it can be hard to figure out which are worth pursuing. While jumping on a new trend can sometimes be risky – it can also be highly rewarding. You may notice that a lot of the ideas on this list have been growing in popularity recently. Others have been popular for a long time, making them more competitive but less risky. However, all the small business ideas in Kenya below will help make you money.
Our Recommended 10 Profitable Business Ideas in Kenya 2023
- Start a dropshipping venture in Kenya
Are you looking to sell products online but don’t have the money to buy and store inventory? Consider dropshipping!
Dropshipping is an ecommerce business model in which you don’t have to manage any physical products.
All you must do is set up an online store, and partner with suppliers who’re ready to store, package, and ship orders to your customers. What’s more, you don’t need to spend hours on product research because you can use dropshipping apps like Jumia Kenya
To get started you can sign up with Jumia Kenya as a salesforce agent
2) Start a Print on Demand Business
If you’re looking for successful & profitable business ideas in Kenya 2023 to execute, try print on demand venture. This is when you sell your own custom designs on items like phone cases, mugs, and t-shirts, but don’t print the artwork. Instead, you collaborate with suppliers who print your design on the product – they’ll even package and ship the product to your customers, so you don’t have to worry about logistics. Also, you only pay once you have sold the products.
3) Try Homebased Catering Business in Kenya
If you have a knack for cooking and see it as a creative outlet, you can make a decent income by opening a home-based catering business in Kenya. The initial investment depends much on how big you want the setup to be. For example, if you start with smaller events that you can manage on your own, you should be able to start your business for less. Most home-based caterers start by a simple website, experimenting with local food markets, or joining platforms that allow cooking experts to squeeze some profits out of their culinary skills.
4) Venture into Virtual Assistant business
One of the most successful & profitable business ideas in Kenya 2023 is to offer virtual assistant services. Everyone from large enterprises to solopreneurs require help with the day-to-day management of their business. You can use your excellent organizational skills to take some weight off their shoulders. Of course, you’ll get paid for the time and effort you put into answering emails, scheduling meetings, and performing other administrative duties.
5) Career Coaching Business venture
With rising unemployment and a saturated job market, there’s no shortage of people needing help with finding jobs. If you have a talent for helping your friends and family find suitable employment, you can probably help others too. Consider starting a career coaching business where you help others figure out what is the best career for them, how to nail an interview, what traits define a good candidate, and more. You can look for clients in Facebook groups or on platforms like LinkedIn. The best thing about this business is that you can make money by conducting 4-5 hourly sessions a month. Plus, you can coach multiple clients in a single session. If you’re looking for good & profitable business ideas in Kenya that won’t occupy too much of your time, career coaching may be the right option for you.
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