Which profitable business can I start with 10,000?

I started a company selling tea leaves with $10 as startup money while I was still a student. I’m currently attempting to attract some clients by using a good friend’s accounting skills, just to see where that goes.

In college, I majored in finance, and I firmly believe that everyone with a job should also run a side business. With 10,000 sh, i want to open as many profitable businesses and I need this knowledge so that I can be guided on how to do business and succeed in the future.

Starting a profitable business with 10,000 shillings requires creativity, resourcefulness, and careful planning. While it may seem challenging, there are several low-cost business ideas that you can explore. Here are some options along with strategies to make them successful:

1. Mobile Car Wash Service: With just a bucket, sponge, soap, and a few cleaning supplies, you can start a mobile car wash service. Target busy office areas, residential neighborhoods, or events where car owners would appreciate the convenience of a quick wash. Offer competitive pricing and excellent service to attract customers.

2. Home-Based Catering: If you have culinary skills, consider starting a home-based catering business. Use the initial investment to purchase ingredients and packaging materials. Focus on a niche market such as healthy meals, snacks for office meetings, or specialized cuisines. Leverage social media platforms and word-of-mouth referrals to market your services.

3. Freelance Services: Offer your skills as a freelancer in areas such as graphic design, writing, social media management, or web development. Create an online portfolio showcasing your work and reach out to potential clients through freelance platforms, social media, and local networking events. Over time, reinvest your earnings to scale your business.

4. Event Planning: Start an event planning business where you help clients organize weddings, birthday parties, corporate events, and more. Begin by networking with vendors such as caterers, decorators, and venues to offer comprehensive event packages. Use social media and create a website to showcase your past events and attract new clients.

5. Dropshipping: Launch an online store using the dropshipping model, where you sell products without holding inventory. Invest in creating a professional-looking website and marketing your products through social media advertising and influencer collaborations. Focus on finding reliable suppliers and providing excellent customer service to build trust and repeat business.

6. Tutoring Services: Offer tutoring services in subjects you excel in or provide coaching for standardized tests such as SAT or GRE. Advertise your services through local community boards, social media, and word-of-mouth referrals. Consider offering both in-person and online tutoring sessions to reach a wider audience.

7. Handmade Crafts: If you have skills in crafting or DIY projects, consider selling handmade goods such as jewelry, candles, or artwork. Use the initial investment to purchase materials and set up an online store on platforms like Etsy or Shopify. Showcase your products through high-quality photos and engage with your audience through social media.

8. Delivery Service: Start a local delivery service where you pick up and drop off items for individuals or businesses. This could include groceries, packages, or even laundry services. Advertise your services in local neighborhoods, partner with businesses for bulk deliveries, and provide reliable and timely service to build a loyal customer base.

9. Consulting: If you have expertise in a specific industry or field, consider offering consulting services to businesses or individuals. Use your initial investment to create marketing materials such as business cards and a professional website. Network with potential clients through industry events, online forums, and social media platforms.

10. Pet Sitting/Dog Walking: Start a pet sitting or dog walking business for pet owners who need someone to care for their pets while they're away. Advertise your services in local communities, veterinary offices, and pet stores. Build trust with your clients by providing updates and photos of their pets during each visit.

Regardless of the business idea you choose, focus on providing value to your customers, building strong relationships, and continuously seeking ways to improve and grow your business. With dedication and hard work, you can turn your 10,000 shillings investment into a profitable venture.