Low Risk High Profit Business Ideas In Kenya

This article provides a list of low-risk high-profit business ideas in Kenya that require low capital to start. There’s a certain level of risk involved with starting a new business. No matter how sound your business idea is or how prepared you are, there’s always some uncertainty as to whether things will go as planned, or your business will be as successful as you hope and plan for it to be.

But while taking on risk is an inevitable part of starting a business, some businesses are riskier than others—and require you to roll the dice with your time, energy, and money with a fairly high likelihood that things may not work out.

Luckily, the opposite is also true—and there are plenty of low-risk, high-reward businesses for you to explore.

Low-risk, high-reward businesses are, as the name implies, businesses that have the potential for a high level of reward without a high level of risk. With these businesses, the juice is definitely worth the squeeze.

They don’t take much capital to get started, have fewer obstacles to entry than other company models, and have a high-profit potential, making them an excellent choice for anyone who wishes to start their own business without risking everything.

So, what are your options if you want to create a low-risk, high-reward business—and how do you choose the proper low-risk, high-reward firm for you?

Low-Risk High-Profit Business Ideas In Kenya

1. Affiliate Marketing

photo/pexels

Affiliate marketing is the first among low-risk high-profit business ideas in Kenya. When you establish an affiliate marketing firm, you sign up as an affiliate to sell things for other people, brands, and companies—and then you get paid a commission for each sale you send to that person, brand, or company.

All you truly need to succeed with affiliate marketing is an engaged audience, whether through a website, an email list, or social media. It takes time and effort to acquire that following, but the initial fees are minimal, and it costs nothing to sign up as an affiliate and begin selling things.

Read Worst Businesses to Start in Kenya

Affiliate marketing is a terrific low-risk, high-reward business for aspiring entrepreneurs who want to build a profitable internet business without investing time, energy, and money in product development.

2. Freelance Writing

Freelance writing is a highly adaptable business model; freelance writers may work with brands to generate content for their websites, conduct editorial work for magazines, or run their own blogs.

And, while it takes some significant writing skills and the will to constantly pitch in order to establish yourself as a freelance writer—and generate the kind of money you’d traditionally associate with a “high reward” biz there are not a lot of risks involved.

All you need to get started are a few writing samples, an email account through which to submit pitches, and the determination to seek out openings and pitch yourself and your writing skills.

Read Online Jobs That Pay Through Mpesa

Freelance writing is a terrific low-risk, high-reward alternative for people who enjoy writing and are ready and willing to treat it as a business (and not just a creative process).

3. Consulting

Whatever your skills, background, and experience are, there is someone or a company out there who requires professional insights and guidance that only someone with your unique combination of skills, background, and experience can provide—and who is willing to pay a hefty consulting fee for those insights and guidance.