Top 10 Businesses to Start with 5,000 ksh
Use the 5k budget sparingly on branding materials such a business logo from Fiverr, business cards and brochures. You can print them small quantities just for a start, and then the remainder of the cash can be spent on online ads. Also make sure to get a free website to showcases your products/services.
Here are the top 10 businesses to start with 5k in Kenya:
1. Affiliate marketing
Affiliate marketing is one of the most common ways to make money online. You simply refer customers to the affiliate companies, and they send you a check for the referral.
The earning potential is limitless as you keep getting paid as long as you keep referring customers. Some high paying affiliate programs include Bluehost, Shopify and ClickFunnels – some paying as high as $100 per referral.
A freelancer is a self-employed person who offers his/her skills to companies without being tied to them long term.
Any marketable skills you have e.g. graphic design, web design or writing can become your source of income when you present them as a service that people pay for. Clients can either pay you an hourly rate or a fixed amount of money based on the type of work you’re doing.
Many people have issues they need resolved, and you may have the answers they’re looking for. You can build your consultation service around an area that you’re skilled at, for example finance or marketing, and then advertise your services online.
4. Online coaching
If you have profound experience in a certain area, or you simply just enjoy working with people, then you can become a coach. Depending on your experience, you can be a life coach, a fitness coach, career coach, dating coach, etc.
If you are knowledgeable in a certain academic area, then you can become a tutor. You can either offer your services from your home or go to the students’ homes. Use your 5k budget to print brochures and business cards.
6. Personal training
This is the perfect side hustle or even full-time job for fitness enthusiasts. A lot of people need help losing weight and getting in shape so you are guaranteed to find clients. You can train them from their homes or accompany them to a gym.
7. Graphic designing
If you have a creative mind and you’re good with Photoshop or similar tools, then you can become a graphic designer. There’s no shortage of design jobs freelancing platforms like Fiverr.
8. Build websites
Building an entire website from scratch is a lot easier than many people imagine. Platforms like Wix and WordPress have eliminated the need for coding knowledge and made it possible to build fully functional websites using drag-and-drop builders that anyone can use.
There are countless YouTube tutorials that cover the subject profoundly.
Search Engine Optimization, or SEO, is the practice of improving a website’s ranking on search engines like Google to make it easier for people searching to find them.
Many growing companies spend fortunes on SEO, it’s a highly marketable and in-demand skill that you can easily learn through YouTube tutorials and online courses.
10. Tour guide
If you know the ins and outs of your city and are well versed with its history, then you can become a tour guide. It’s a great part-time job as well as an opportunity to network with people from different parts of the world.