Hello and welcome to evefinancialinsights blogs where we discuss all things finance. Today we are showing you some few ways on self employment opportunities that can also be a side income if you have a main source of income.
Self-employment
is a viable and lucrative way to earn a living in Kenya. With a population of
over 50 million people, Kenya is home to a thriving entrepreneurial ecosystem.
The country has a favorable business environment, an educated workforce, and a
growing middle class. Self-employment offers Kenyans the opportunity to become
their bosses, control their income, and create employment for others. In this
article, we will explore the different ways of self-employment in Kenya.
1.
Agriculture:
Agriculture
is the backbone of the Kenyan economy, accounting for approximately 25% of the
country's GDP. Self-employment in agriculture is an excellent opportunity for
those with a green thumb. Farmers can grow crops such as maize, beans, wheat,
and potatoes, which are in high demand in the local market. Farmers can also
rear animals such as cows, goats, and chickens, which are a source of meat,
milk, and eggs. With the increasing demand for organic food, farmers can also
specialize in organic farming, which can fetch a higher price in the market.
2.
Freelancing:
Freelancing
is another popular way of self-employment in Kenya. With the rise of the gig
economy, more Kenyans are freelancing in fields such as writing, graphic
design, programming, and digital marketing. Freelancers can find work on online
platforms such as Upwork, Fiverr, and Freelancer.com. Freelancers can work from
home or co-working spaces, giving them the flexibility to work on multiple
projects at the same time.
3.
Online Businesses:
The
internet has revolutionized the way we do business. Online businesses are an
excellent opportunity for Kenyans looking for self-employment. Online
businesses can range from e-commerce stores selling products such as clothes,
electronics, and groceries to digital products such as e-books, courses, and
software. With the increasing adoption of mobile phones and internet
connectivity, online businesses have a vast potential customer base in Kenya.
4.
Transport Business:
The
transport business is another viable option for self-employment in Kenya. The
transport industry in Kenya is growing, with more people owning cars and
motorcycles. Self-employed individuals can start a taxi or boda-boda business,
which can be lucrative in urban areas. With the growth of the logistics
industry, self-employed individuals can also start a delivery service for goods
and services.
5.
Real Estate:
Real
estate is a booming industry in Kenya, with the demand for housing increasing
due to the growing population and urbanization. Self-employed individuals can
invest in real estate by buying and selling properties or by building rental
units. Real estate agents can also earn a commission by facilitating the buying
and selling of properties.
6.
Catering Business:
The
catering business is another option for self-employment in Kenya. Kenyans love
to eat, and there is a high demand for catering services for events such as
weddings, birthdays, and corporate events. Self-employed individuals can start
a catering business by offering services such as cooking, serving, and event
planning.
7.
Beauty and Fashion:
The
beauty and fashion industry is a growing industry in Kenya, with the demand for
beauty products and fashion accessories increasing. Self-employed individuals
can start a beauty or fashion business by selling products such as makeup,
skincare, and hair products, or by designing and selling clothes and
accessories.
8.
Education and Training:
Education
and training are essential for the development of the Kenyan workforce.
Self-employed individuals can start an education or training business by
offering services such as tutoring, coaching, and training in fields such as
technology, finance, and entrepreneurship. With the increasing adoption of
e-learning, self-employed individuals can also offer online courses and
training programs.
9.
Health and Fitness:
The
health and fitness industry is a growing industry in Kenya, with more people
adopting and appreciating healthy lifestyles .They are willing to spend on personal nutritionist and personal fitness coaches.
We know that the above information will help you navigate various self employment options.
See you on the next blog.
