Best Business to invest 5000

best business to invest 5000

Very often, we tend to underestimate the facility of cash that's in our grasp. By starting small, we wait perpetually for bigger amounts so that we can do big things. Unfortunately, this BIG money dream does not always come true, and so we get stuck in the same financial state forever…and the cycle of poverty continues. 

Today I would like to show you just how much power Sh.5,000 has. If you invest it wisely, you'll build an empire with it. But if you choose to spend it, then you can as well buy a few snacks and drinks with it and make merry. The choice is yours. 

Best Business to invest 5000

(1) Invest in unit trusts.

Under unit trusts, you approach an investment company such as Britam (Click here!), Genghis Capital (Click here!), or Old Mutual (Click here!). You give them your Sh.5,000 and allow them to invest it on your behalf. In turn, the investment trust will add your money to their pool of resources (where other investors have put their money as well) and appoint a fund manager for it. At the top of the year, you'll get decent returns for it — counting on how well the fund you invested in performed. The best thing about unit trusts is that you can start saving from as little as Sh.500 per month. Moreover, you can receive sound financial advice from the investment company which you can then use to improve your life. 

(2) Invest in a Sacco 

Investing your money in a SACCO will enable you to borrow up to three times what you saved. This means if you save Sh.5,000 in one year you can borrow up to Sh.15,000 to do a further investment such as starting a business. In that case, your Sh.5,000 will enable you to leverage and access good debt for investment purposes. 

(3) Hire a Laptop, Pay For Internet & Start Online Freelancing 

What is Online Freelancing? Freelancing involves finding some online jobs and doing them for pay. For instance, if you are good at a graphic design you can look for online jobs on a site like freelancer.com. If you are good at video transcribing you can look for freelancing assignments on sites like odeskwork.com. If you’re good at writing you'll inspect sites like kuhustle.com, fiverr.com, or maybe freelancer.com. If you have some Sh.5,000 and lots of free time, why not invest in a freelancing business by simply hiring a laptop and paying for internet for up to one month?

 (4) Start a Blog 

What a blogger does is write articles that attract people to their blogs. The more traffic your blog gets, the more business you can derive from it. For instance, you can apply for the Google AdSense monetization program. Alternatively, you can sell your blog’s advertising space or endorse other people’s products for a commission. In this regard, you can use your Sh.5,000 to purchase a domain and pay for web hosting for your blog. 

(5) Write and sell e-books 

If blogging doesn’t sound sort of a good idea to you then you'll want to think about writing e-books and selling them on online retail sites like Amazon, Kindle, Direct Publishing. Each time your e-book is downloaded you get royalties (70% royalty or 35% royalty depending on set policies). The more your e-books are downloaded the more income you get. The best thing about writing e-books as opposed to blogs is that you can receive royalties for your work for as long as your Books are downloaded. 

(6) Buy airtime scratch cards wholesale and re-sell 

Maybe you’re not a good writer. Or maybe even you don’t know how to use a computer. Then how about buying airtime scratch cards wholesale and re-selling them? Although the profit margins are not as wide as you would expect, there’s still some money that can be made in this business. In addition to scratch cards, you'll re-sell newspapers. Most newspaper companies give up to Sh.7 commission for each paper sold. 

(7) Mobile food delivery

Are you a good cook? Can you make some nice snacks? Then why not start a food delivery business with the small capital you have? You can particularly target middle-income corporate workers who work in high-end suburbs where there are no affordable sources of decent food. Alternatively, you can supply food to workers on construction sites. With a touch of effort and good marketing, the opportunities for this type of business are unlimited. 

(8) Office supplies 

With the devolved system of governance within the country, most up-country towns are growing in no time. Big companies and start-ups are setting up offices there. Your opportunity, in this case, lies in marketing things like plastic staff ID cards, rubber stamps, and even business cards. For instance, you can source business cards in Nairobi for Sh.2 per piece and supply them upcountry for Sh.8 per piece after designing them and printing them. If you don’t have a good printer for the job you can outsource printing services. The secret to succeeding during this business lies in good marketing and building customer loyalty. 

(9) Supply stationery to remote areas 

Most schools in the rural areas have a short supply of stationery — school revision papers, printing papers, diaries, etc. On the other hand, town areas like Nairobi have an over-supply of these products. As an innovative businessman, you can think about sourcing stationery for cheap prices in towns and delivering them to schools in rural and remote areas at a profit. You can further market your products during head teacher’s meetings which take place at regional and national levels annually. You can start small with a few schools and keep growing bit by bit as your capital expands.

The most important thing is to be patient, have good marketing skills, and ability to spot opportunities where others see impossibilities

Regards,

Dennis