10 profitable side hustle to start 2023 as young
This document provides a detailed overview of the best business opportunities in Kenya specifically tailored for young entrepreneurs.
The article emphasizes that success in business requires hard work, persistence, determination, and a positive mindset.
1. Online Ventures:
The internet is highlighted as a significant platform for business opportunities in Kenya and globally. It emphasizes that online ventures have low capital requirements, depending on the chosen business type. Examples of online ventures suggested include blogging, freelance writing, transcription services, and graphic design.
2. Events Planning Business:
The document suggests starting an events planning agency, capitalizing on Kenya's vibrant event culture. The article recommends beginning with friends and organizing outings to nearby locations.
By gradually expanding and gaining experience, one can establish a successful events planning company.
3. Photography Business:
The article promotes professional photography as a viable business option. It suggests volunteering at events to gain contacts and referrals, while also leveraging social media platforms to showcase work.
By targeting social circles and networking, aspiring photographers can attract clients and establish a reputation.
4. Car Wash Business:
Despite its association with manual labor, the article suggests starting a car wash business. It advises identifying a suitable location within a car-populated neighborhood, inviting friends to help, and treating it as a fun activity initially. The potential profitability of the business is highlighted as an incentive.
5. Daycare Business:
With busy adults in need of childcare options, the document recommends starting a daycare center. The article mentions that having a modern facility can attract clients, and it even suggests the possibility of running a child play center for kids who are not ready for school. This option is presented as a way to earn money while caring for children.
6. Agribusiness:
The article identifies agribusiness as a lucrative opportunity for young entrepreneurs in Kenya. It points out that farming experience is not necessarily required due to the profitability and accessibility of modern agribusiness methods.
The document also highlights the presence of agribusiness-focused groups on Facebook for networking and support.
7. Beauty Business:
Acknowledging the growing demand for beauty services, the article suggests that young entrepreneurs can run a beauty business without owning a salon or barbershop. It highlights the availability of shared workspaces, such as those found in Nairobi CBD, as cost-effective options for operating a beauty business.
8. Investing in the Stock Market:
The stock market is presented as an exciting and profitable opportunity for young entrepreneurs. The document advises investing in the stock market while still young as a potential pathway to wealth creation. It suggests joining relevant Facebook groups to connect with other young investors in Kenya.
9. Tutoring and Coaching:
The article proposes turning teaching skills into a business opportunity, targeting parents seeking educational support for their children.
It suggests offering tutoring and coaching services, particularly during school holidays when students may require additional academic assistance.
10. Entertainment Business:
Recognizing the youth as avid consumers of entertainment, the document proposes venturing into the entertainment industry.
It highlights examples such as movie shops and video game launches in residential areas. It emphasizes the importance of pursuing a business that aligns with personal interests and passions.
