Is Bodaboda Business Profitable?

How much is a boda boda in Kenya?

A typical ride on Nelson’s boda boda costs about 200 Kenyan Shillings, or $1.94..

Is motorcycle spare parts business profitable in Kenya?

The business is currently one of the most lucrative and fastest growing in the East African nation as traders open motorcycle spare parts shops to satisfy rising demand for the products. … One can count up to five shops dealing with the products in most market centres in Kenya.

How do I start a motorcycle spare business in Kenya?

To start a small Motorbike Spare Parts Shop, you will require:Stock – Ksh. 30,000.Premises – Ksh. 5,000.Renovation – Ksh. 4,000.Licensing – Ksh. 5,000.Marketing – Ksh. 5,000.

What are the most successful small businesses?

15 of the Most Profitable Small Businesses Worth Investing InAccounting Services. … Legal Services and Law Firms. … Real Estate Sales and Leasing. … Outpatient Care Centers. … Copywriting. … Dental Offices. … Personal Training and Fitness Instructors. … Cleaning Services.More items…•

What’s the best business to start in 2020?

20+ Best Business Ideas of 2020Dropshipping. Are you looking to sell products online but don’t have the money to buy and store inventory? … Translation. … Home-based Catering. … Virtual Assistant. … Website Flipping. … Personal Shopper. … Online Tutoring. … Greeting Cards.More items…•

How does SafeBoda make money?

Currently, SafeBoda is discounting all rides taken at 50% for cash payments and 70% for credit. This implies that if you take a ride worth UGX 10,000, you pay UGx. … Although SafeBoda is not open about the correct number of riders, my estimate is that they entered 2018 with between 1000 to 1500 riders.

What business is profitable in Kenya?

Dry cleaning business Dry cleaning business is one of the most lucrative, yet untapped business ideas to venture into in Kenya. Starting a dry cleaning business is like solving a primary need, because all our clothes get dirty regularly, so we either do the laundry ourselves or send them to a dry cleaner.

Who owns SAFE Boda Uganda?

Alastair SussockCo – Founder and CEO, Alastair Sussock By joining forces with Ricky and fellow co-founder Max, Alastair helped grow Kampala from just 5 drivers and more recently led the expansion beyond Kampala while spearheading capital raising – SafeBoda is now a company with 5 offices across 4 countries and has over 200 staff.

Who has the best motorcycle loan rates?

The 4 best motorcycle loan rates of 2020LenderAPRMinimum LoanLightStream4.29% – 11.89%$5,000MyAutoLoan3.49% – 4.69%VariesMotorcycleLenderFrom 6.99%Not listedHarley DavidsonFrom 3.99%Not listed

How do I start my own spare business?

Studying the target market will help you to decide what sorts of products your customers tend to buy. Plus, learn how to tackle a competitive market. The marketing of your projected area needs a thorough study. You must have a decent auto spare business plan before you taking risk into this business.

What business can I start with 30k?

Profitable Businesses You Can Start With 10k 20k 30k 40k In NigeriaSelling of bottled drink or bottled water: … Requirements : get a space in a busy area like commercial bus terminal, buy a big cooler, an umbrella, iced block, a small signboard to write buy minerals and cold water here. … Popcorn Production Business.More items…