In today’s business guide, we shall share with you basic details on how to start a hardware business in Kenya.
As the years go by, Kenyans prefer being the bosses of their own business to being employed or waiting for employment.
The hardware business is one of the most common businesses for entrepreneurs as it goes in handy with the developing infrastructure.
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Tips To Starting A Profitable Hardware Enterprise In 2021/2022
Before starting any business, it is good to have an idea of what you will be diving into.
For a hardware business in Kenya to be successful, you must do the following:
1. Know what is found in hardware and what your hardware will have.
2. Study the market and understand its dynamics.
3. Search to know the best places for the potential hardware business.
4. Invest in stock that is in high demand.
5. Allow other payments method to search as Mpesa or PayPal, to boost your business.
Starting Capital Of A Hardware Business In Kenya
To start a hardware business in Kenya, one needs around 400,000 to 500,000 Kenyan shillings.
This capital will be enough for one to stock almost all hardware products and also be able to pay a month’s rent.
With the developing infrastructure, one can be sure not to go a day without selling an item.
List Of Top Selling Hardware Items In Kenya
For your hardware to grow, invest in items or products that are bought frequently.
Here is the list of top-selling hardware items in Kenya:
- Cement
- Metal bars
- Roofing nails
- Plumbing products
- Rods
- Machetes
- Spades
- Hammers
- Wheelbarrows
These are just but a few of the most purchased products.
Best Places To Start This Profitable Venture In Kenya
For a hardware business to be successful, one should look for a place with potential buyers.
Since hardware deals with construction materials, you must look into places where construction is happening more often.
One of the best places to set up hardware businesses in Kenya is Nairobi.
Within Nairobi, below are the best places you can set up a hardware business:
- Along Kangundo Road
- Magadi Road
- Eastern Bypass.
Benefits Hardware Businesses In Kenya (2021/2022)
Below are some advantages and benefits of hardware business owners in Kenya:
1. One of the best things about the hardware business is that the stock can last for a long without expiring at all.
This means that you do not have to incur any losses, and items like paint that take up to five years to expire give you more time to sell them.
2. The profits one gets from hardware products are also really perfect. 10% interest or more is a good return for a business and can help it grow.
3. The capital required to start is also fair. Thus it will be easy to set up a business and start working.
Here is where we leave you on the road on how to start a hardware business in Kenya.
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