What Business Can I Start With 20K?

By Lilian Wamaitha

Starting your own business can prove tough at first. There is so much to do. You have to, first of all, come up with great small business ideas. But what if I have a low budget and no idea of where to invest my money in?

In Kenya, the unemployment levels continue to increase at an alarming rate.  To survive, you need to find ways to increase your sources of income, and the best way to do this is to start a business.

Starting a business does not necessarily mean you need to have millions of shillings in the bank to kick it off.  Some businesses require as little as 20k as starting capital.

Are you still wondering how you can turn your fortunes around with 20k capital? Here are some businesses that you can start with 20k;

1. Selling Baby Diapers

Unlike in the past, diapers have become a norm in every household with a baby. You can take advantage of this new market by selling diapers.

All you have to do is get a supplier who can sell them to you at a discount and then your work will be distributed. You can start with where you live by targeting homes with babies, and doing door-to-door deliveries.

The good news is that you can also start this business with as low as 5K.

2. Mitumba clothes

This is one of the most profitable top businesses you can start with 20K in Kenya. The mitumba business is not dying anytime soon.

I have a friend who has a stall at Donholm for mitumba dresses and makes a profit of 4K on a bad day. During the holidays she can make as much as 20K in profit.

If you are still looking for a side hustle or a main hustle, try the mitumba business.

3. Boiled Smokies/Egg Business

If you have little money and need to start a business, then this is a good idea to venture into. One only needs eggs, smokies, an excellent location with people traffic as well as a smokie trolley. To sell out in this business, one has to be extremely clean.

4. Car wash business

This is one of the most booming businesses in Kenya right now. You don’t require much to start a cash wash, just an area with water supply.

People would rather pay someone to wash their cars than do it themselves. If you charge 200 shillings per car, you can manage to clean 100 cars per day again depending on where you are located. That is 20K per day.

Get a dedicated staff and you could be making around 400K in a month.

5. Movie shop

This is one of the top businesses you can start with 20K in Kenya. It is also one of the easiest and the returns are really good.

If you have a computer or a laptop already, you can just rent out a room and start selling your movies. Most movie shops make a profit of about 4K per day; make that 120K per month. Before long you will be having your own chain of movie shops in various major towns.

6. Poultry Farming

Poultry farming is one of the most profitable businesses you can start with less than 20k. With the growth of fast food hotels, poultry products are in high demand.

You can choose to rear broilers or layers. Broilers are the best option when you want to grow the business as they take five weeks to mature. You need a spare room which you can rent for about 3k and chicken feeds.

8. Selling Ice Cream

This is another one of the top businesses you can start with 20K in Kenya. With this business, you need to find a good location like near a school or university or street with a lot of traffic, and before long business will be booming.

The starting capital for this business in Nairobi is 20K which means it could be less in another town.

9. Selling women’s handbags

Women love fashion and looking good. You can start selling handbags which fetch a very good profit.

People who are in this business get their supplies from places like Eastleigh, Toi, or Gikomba.

If you are an active social media user, you can use your Facebook page and Instagram account to market your products.

In Conclusion, it does not matter how much you use to start a business, a successful business requires dedication, determination, and hard work.

Lilian is a Communications Officer at Career Point Kenya. Email; lilian@www.careerpointkenya.co.ke

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