For ‘young’ people, starting your very own business and becoming self employed is the most suitable alternative to the ever growing hard to get 9 to 5 jobs. Starting a business is always the best alternative to the ever elusive jobs.
A survey by the Kenya National Bureau of Statistics (KNBS) revealed that seven (7) million Kenyans are unemployed. An additional figure of over 1.4 million are actively looking for employment. With those figures, it is easy to see why more and more people are looking for alternatives.
Because we know very many business ventures require huge amounts of capital to get started, this new How To series will only show you how to start and execute several small business that require capital from as little as 5,000 Kenyan Shillings. Thus giving you the keys to the kingdom of starting a profitable business with little or no capital.
If you are also just looking for a side hustle to maybe supplement your 9 to 5 or full time job, this is for you.
All that you need to thrive in these businesses besides capital, is good customer service of course, great managerial skills, a suitable business location, and a clear cut vision.
Today’s article will show you how to start a smokie and boiled egg business in Kenya
How To Start A Smokie And Boiled Egg Business In Kenya
To start a Smokie business in Kenya you will need:
- A good location. This is very important for various reasons like getting the maximum exposure to potential customers, weather restrictions like rain, dust, as well as other reasons. More on this later on in the article.
- A vending cart for your smokies and boiled eggs. This usually costs around 5,000 Kenyan Shillings.
- After securing the vending cart, you will kachumbari. For the non kenyan reader, Kachumbari consists of onions, tomatoes, the dania vegetable, pepper, tomato sauce and or chili sauce. All that will cost around 200 to 300 Kenyan Shillings.
- 1 packet of smokies. This usually costs between 300 Kenyan Shillings to 350 Kenyan Shillings for a 22 piece packet.
- 1 crate of eggs. This usually costs between 300 Kenyan Shillings to 360 Kenyan Shillings for a 30 piece crate at retail price when sold at 10 Kenyan Shillings or 12 Kenyan Shillings per egg. The price gets significantly lower however, if you buy directly from a wholesaler.
- A garbage or litter bin where you or your customers can dispose of egg shell and other waste products.
- A large umbrella that can cover you, your customers and your vending cart during the raining season.
With the above, you will be more than go to go for your new business.
Your Expected Earnings And Profit
Smokies Earnings
One (1) piece of Smokie usually retails for 25 Kenyan Shillings. Sometimes it goes as high as 30 Kenyan Shillings or 35 Kenyan Shillings depending of course, on the location. What this means is that for every 22 pieces pack of Smokies, you will be making 550 Kenyan Shillings, 660 Kenyan Shillings or 770 Kenyan Shillings.
Smokies Profit
In a nutshell, you will potentially be making a profit of 200 Kenyan Shillings, 310 Kenyan Shillings or 420 Kenyan Shillings per pack.
Boiled Eggs Earnings
One (1) piece of boiled Egg usually retails for 20 Kenyan Shillings. Sometimes it goes as high as 25 Kenyan Shillings or 30 Kenyan Shillings depending of course, on the location. What this means is that for every 30 piece crate of Eggs, you will be making 600 Kenyan Shillings, 750 Kenyan Shillings or 900 Kenyan Shillings.
Boiled Eggs Profit
In a nutshell, you will potentially be making a profit of 240 Kenyan Shillings or 300 Kenyan Shillings, 390 Kenyan Shillings or 450 Kenyan Shillings, 540 Kenyan Shillings or 600 Kenyan Shillings per crate.
In a month, you would potentially be making either 34,500 Kenyan Shillings, 42,300 Kenyan Shillings or 50,100. Which equivalent to and in some cases, higher than some 9 to 5 salaries.
Nice right?
Just be sure to factor in your expenses and costs for the business.
Also while the prospects are very promising please have a realistic approach as well. As with any business, there is a chance that you might incur losses. Especially at the beginning.
Location Is Key
As mentioned earlier on in this article, the location of your Smokie and boiled Egg business is very important. Ensure that you look for strategic positions like close to Bus stops or stages, close to universities, high schools and other learning institutions, close to night clubs and bars, around industrial areas, junctions, hospitals and even Markets.
Such places guarantee that you will be in close proximity to a large number of people who will all be potential clients.
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