One million shillings can start a lucrative business that can generate profit of up to Sh 100,000 per month. Whether it is small business or large business, income from a venture of this amount is enough to feed you and remain for savings.
What you need to do is identify a suitable venture, a profitable one and a good location where security is guaranteed and customers are not limited.
Based on our research,we list some of the profitable businesses you can start with Sh 1 million in Kenya
- Car wash (Nairobi, Mombasa, Kisumu, Thika, Central Kenya)
- Poultry farming
- Buying and selling plots
- Matatu business
- Electronics shop
- Selling motorcycle spare parts
- Selling car spare parts
- Starting wines and spirits shop (wholesale)
- Starting a small bakery for cake making
- Executive salon with massage services
- Laundry business in Nairobi
- Starting a garage
- Car tinting business
- Starting a security firm
- Starting day care services
- Selling jewelry and wedding dresses
- Tent making
- Planting tomatoes and watermelon
- Car hire business
- Fast foods restaurant
The businesses listed above are all profitable but you need to choose the one you are comfortable with.
In Nairobi, for instance, car was can bring you Sh 100,000 every month, day care services the same.
A number of entrepreneurs we interact with confess that business of selling wines and spirits is good but you have to sell at wholesale level in order to realize significant profits.
Car tinting business is also not flooded, and many people are rushing to have their cars tinted .This is one venture that can make you forget poverty and join the club of who is who.
A garage is an excellent idea because every minute a car must get involved in an accident in Kenya. Those cars are normally towed to a nearby garage. There are also a number of motorists who take their cars to the garage for services.
Advantage of having a garage is that you charge a client according to how you see him. The cost is not fixed.
Restaurant or chemist.Alternatively,an executive salaon
I want to take a loan of Ksh. 800K to start a business but currently I don’t know which is the most profitable business which can repay the loan and other expenses.
I am based in Nairobi but I can start the business anywhere within Kenya.
Kindly advise which the most profitable idea to venture into.
Restaurant or chemist
hi sir i am from islamabd(pak) i am civil eng i have 3 millions pkr now i want to start some profitable business ,what is ur great idea