In today’s guide, we will discuss the basic details of how to start hardware business in Kenya.
How To Start A Successful Hardware Business In Kenya
To ensure that your hardware business is thriving in Kenya, follow these steps:
- Identify what is found in hardware and what your hardware will possess.
- Study and understand the market dynamics.
- Identify the most suitable location for your hardware with business potential.
- Invest in stock that is highly demanded in the area.
- Permit other payment options in your hardware. For example, Mpesa and PayPal.
Starting Capital Of A Hardware Business In Kenya
You will need around Ksh 400,000 to Ksh 500,000 to start a hardware business in Kenya.
With this amount of capital, you can stock almost all hardware products and afford rent.
You are sure to sell items in these times where infrastructure is steadily developing in Kenya.
Fast Selling Items In A Hardware
Some of the fast-selling items that you must invest in are;
- Cement
- Nails
- Metal bars
- Plumbing products
- Rods
- Machetes
- Spades
- Hammers
- Wheelbarrows
Best Places To Start A Hardware In Kenya
You need to identify a location with potential buyers to succeed in the hardware business, such as places where construction occurs more often.
One of the best locations to set up a hardware business in Kenya is Nairobi, especially along Kangundo Road, Eastern Bypass, and Magadi Road.
Benefits Hardware Businesses In Kenya
Some of the benefits of owning a hardware business in Kenya are;
- The stock does not expire. Therefore you do not have to incur losses due to expired items.
- The hardware products generate 10% profit or more, which is good for businesses to grow.
- The capital required to start a hardware business is fair.
This simple and easy article Was Last Updated on by Nana Abrokwa
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