Many of us seek investment opportunities that require minimal setup costs and offer straightforward management. A glance at local Google analytics reveals that “small business ideas in Kenya” ranks among the most searched keywords, underscoring our proactive pursuit of entrepreneurial information. If you’re perusing this article, chances are you’re also in search of viable business concepts.
At 52 Week Solutions Kenya, committed to delivering promising ventures to our followers. Today, we present a brilliant opportunity requiring less than Ksh35,000 in initial capital: Importing and Reselling Watches.
The beauty of this venture lies in its simplicity – no need for an expensive city storefront. Instead, leverage social media platforms like Facebook or Twitter to showcase your merchandise. With a modest delivery fee, outsourcing deliveries becomes feasible, optimizing operational efficiency.
Youthful inspiration emanates from Michuki, a form four leaver, through his online platforms ,” has cultivated a thriving watch business. Michuki underscores the efficacy of social media as a marketplace, advocating for entrepreneurial exploration among the youth.
Where to source the watches? Look no further than China, renowned for its cost-effective products. Online platforms like Alibaba.com offer a plethora of options, eliminating the need for hefty travel expenses. Vigilance against scams is paramount; seek validation from trusted contacts or conduct thorough online research before engaging with suppliers.
Cost breakdown: Watches priced at $2.1 each on Alibaba.com necessitate a minimum order of 100, totaling $210 (approximately Ksh17,000). Additional shipping charges amount to approximately Ksh5,000, leaving a margin for Facebook Ads within the Ksh35,000 budget.
Profit projection: With an estimated selling price of Ksh1,000 per watch, a profit of Ksh75,000 can be attained after deducting initial capital. Even factoring in taxes, delivery costs, and miscellaneous expenses, a substantial return on investment is achievable within a short timeframe.
Operational comfort is a hallmark of this venture – manage it conveniently from home with basic necessities: a reliable computer, internet access, and effective communication skills. Superior customer service fosters client loyalty and referrals, enhancing business sustainability and growth.
Enthralled by this opportunity? Share your thoughts in the comments or suggest alternative ventures for us to explore. Join our Facebook community for more entrepreneurial insights and opportunities.
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