Making your first million is the dream of any Kenyan youth. However, with the looming economic challenging times in the country, majority of the youths lack the knowledge of how to make money and grow wealth. In this short article, I will be providing you with some of the simple techniques that I used to make my first million. By reading this article, I am certain that you will be in a position of making enough money to sustain yourself and even become financially independent.
Money is not the solution to everything but with money, there are many obstacles that one will easily avoid. The reason as to why many Kenyans find it hard to make money let alone a million Kenyan shillings is poor financial education.
A significant number of Kenyan youths are financially illiterate. Financial illiteracy in Kenya is like a disease that not only affects the uneducated but also individuals holding degrees. As we were growing up, most of us were told that the key to education is education. This is not true but at the same time is not entirely a lie.
Since you are reading this article, im certain that you possess the right education and knowledge to understand the tips that I will be providing on how you can make a million shillings in Kenya in 2024.
For you to make a million shillings, you need to be intentional, smart and hardworking. Pick one simple business idea that does not require much capital and there are some that do not even need capital. For those that do not require capital, consider yourself a broker; in simple terms.
Read also: Turn Ksh 10,000 into a Million: Simple Tips for Financial Success
One way that you can start creating money without having any is by selling items that you do not own or possess. For example, you can create a profile in Jumia. Conduct research on some of the products that are often bought and list them under your vendor profile in Jumia.
The same can be done in Jiji. After you have create your profile in these platforms and listed the products, market them in social media platforms such as Tiktok, Facebook, Instagram and Twitter among others.
When you receive an order, connect the buyer with a seller who has the products. This approach allows you to operate without physically owning the items, minimizing risk and capital requirements. Your profit margin is integrated into the final sale price, ensuring that you have profit on the efforts that you made. I have written an article on how I made 1 million dropshipping on Jumia, Kilimall and Jiji. Read the article on Fineducke and see how easy it is to make 1 million in Kenya.
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