I strongly believe that a mitumba business is one of the most profitable business you can venture in. If you don't have a lot of capital to start a business then secondhand clothes is the way to go and these are four major aspects to consider when starting a mitumba business.
1. How much capital do you need?
A small business can cost anywhere from 500 to 1000 shillings while a medium venture will require up to 20k to 100k
So the amount of capital you need depends on the size of venture you need.
2. Determine your market.
This is an important aspect; create your own market e.g your friends, neighbours, workmates etc.
Then become the person for whatever they need.
3. Determine Location.
In every business, location is very important. You can even start online market before starting a physical shop.
The good thing about online is that you don't have to stress about some issues like city council fee or paying rent.
Create a Facebook page and use maybe Sh 1000 or less to promote the page to reach the target people or use Instagram.
Ensure that you stuff is of good quality since there is competition and give some advantages to your customers like free delivery within a certain area.
Online is about uniqueness and quality.
However, if you have money set up a physical shop and go to a place where there is high traffic.
4. Where to get stock.
Conduct your research even before starting to find reputable suppliers.
You can buy bales or select the desired clothes at a wholesale price. Bales are cheaper and you get more stock.
"As you research make sure the supplier is fair and sells their clothes, at a reasonable price enough to guarantee you profit at the end of the day," says Anne Njeri a Mitumba vendor at Kangemi market, Nairobi.
People are shy to venture into mitumba business since they think it's hard and saturated. There is a lot of profit in and surprisingly with Sh 1000, you can start.
With mitumba you can make up to Sh 500 profit at the end of the day.
Isn't it better than just sitting at home waiting for someone to notice your application on their desk?