Don’t knock or wave off the idea of owning your own fleet of Boda Boda okay? Boda boda business in Kenya is a lucrative and you stand to get a lot of money. See why below:
In 2017, a report showed that there were about 600,000 commercial bikes (Boda Boda) out of 4.8 million bikes in the country. On average, most Boda Boda operators take home about Ksh 1,000 which means that the Boda Boda sub-sector is averaging over half a billion in returns every day.
Ever since the Kenyan government waived taxes charged on the importation of motorcycle, Boda Boda business in Kenya is booming. Another factor is that the business cuts across countries.
To get started you’ll need to find experienced and licensed riders and some motorcycles. Good motorcycle cost somewhere between Ksh. 60,000 to 110,000. This capital, however, is for those who would like to operate a single motorcycle. This amount will cover a new motorcycle helmet, insurance, fuel, and protective jackets.
Why not get some motorcycles and get started on this money-making venture?
Requirements for starting up a boda boda business in Kenya:
Identify A Motorcycle
In case you were wondering which motorcycles are the best for you to buy, know that the best motorcycles depend on price, cost of maintenance and repair, fuel efficiency, hardiness and looks. The good news, however, is that with so many brands to choose from, you can easily find one that matches your budget and needs.
Raise The Capital Or Take A Loan
If your intent is to handle just a single Boda Boda, then before you venture into this business, you need to have a capital of at least Ksh 60,000 to 110,0000. This amount will cover the cost of the new Boda Boda, protective jacket, a helmet, insurance and fuel.
For those who want to have more than one Boda Boda, multiply the given amount by the number of Boda Bodas you wish to own.
If you can’t afford the capital, then you can opt from a loan from any financial institution of your choice.
Get A Valid License Or Employ A Rider
Operating the Boda Boda by yourself would require you getting a license and learning how to ride from a valid driving school. Keep in mind that whenever you are on the road, you are responsible for your safety, as well as that of your passengers and other road users.
On the other hand, if you want someone else to ride for you, then you should find a licensed and good rider who abides by the traffic rules and can take care of your Boda Boda.
Being employed doesn’t have to hinder you from running this business by yourself. You can run it as a side hustle and earn some extra cash while doing so.
Choose A Base
Most areas have a higher demand for Boda Boda than other places. So, do well to position yourself in those areas so as to get more customers to transport. This strategic positioning is what determines whether your business will flourish or become a failed venture.
In Nairobi, the average amount a Boda Boda can fetch is Ksh.800 to 1500 per day. You could also get on an app where people can book your motorcycle from.
Other useful tips from experienced Boda Boda riders are:
When your customers know that they can trust you, they will give you jobs. You don’t even have to look for customers, they will find you.
Dress well and maintain your Boda Boda
Nobody will feel comfortable riding with a dirty and unkempt rider on an equally dirty bike. Clean up yourself and your bike properly before going out to transport customers.
Network with passengers and riders
Have a network of passengers and riders so that you can keep your opportunities fresh and coming. You could also learn something new from them.