If you Easily want To Become a Millionaire in Kenya Sell a Service, Not a Product!

If you Easily want To Become a Millionaire in Kenya Sell a Service, Not a Product!


We have written over 1,000 articles detailing various business ventures in the country and how to earn money from each venture. Our article today is about the ease of doing business involving offering a service as opposed to selling a product.

Most of us often think of starting businesses that involve selling products- this is because it’s easy to sell a product than a service. But the earnings from the service industry overshadow the earnings from products industry. For instance, Insurance industry is more profitable than milk industry. Banking industry leads among the most profitable sectors in the country.

The major reason offering a service is more rewarding than selling a product is due to the fact that prices are not regulated. For instance, if someone has come up with a new App, it’s upon him to set the price based on the demand of that App.The competition in the service industry is also low because one has to sell unique skills

I have looked at top 8 richest humans in the world and got convinced that indeed, what is selling is technology and services, and not the products one sells. Before we proceed, I would like to list the said individuals below.

  1. Jeff Bezos-Amazon
  2. Bill Gates-Microsoft
  3. Amancio Ortega-Fashion
  4. Mark Zuckerberg-Facebook
  5. Carlos Slim Helu-Banking
  6. Larry Ellison-Oracle
  7. Michael Bloomberg-Technology
  8. Bernard Arnault-Fashion

Looking at this list, you will notice that it’s dominated by people who sell skills. This means if you are selling a product, chances of appearing in the list are slim.

In Kenya, the future is bright for people who will sell their skills and talent. For students planning to join college, you should narrow down your courses to these:

  1. Medicine &Surgery
  2. Architecture
  3. Actuarial Science
  4. Quantity Surveying
  5. Software Engineering
  6. Pharmacy
  7. Computer Science
  8. Statistics
  9. Law
  10. Web design

Once you pursue any of these courses, you will not move from one office to the other to beg for employment, you will instead set up your business and start selling your skills.

If you are planning to start business, here are the profitable businesses to start, that involve selling a service.

  1. College
  2. Salon+SPA
  3. Software Company
  4. Law firm
  5. Clinic
  6. Hosting company
  7. Blogging
  8. Security firm
  9. Massage Parlor
  10. Recruitment Company
  11. Shylock business
  12. Dating site

Once you have started any of these, you will save yourself from the headache of purchasing and delivering products.