Another sure way of making handful of legitimate money in Kenya without actually having huge sum is by starting a real estate business.
Is Real Estate Business Lucrative?
Yes! Real-estate business is highly lucrative especially in Kenya fast growing towns.
What is the Nature of This Business?
Real estate business in a small scale is basically helping big shots sell, rent, manage houses, offices, vacant land spaces and any valuables.
While in a large scare its simply buying properties less leaving it for a certain period of time to mature and selling it for huge profit.
How to Start a Real Estate Business in Kenya.
First of all in which town are you in Kenya? You need to be in a fast growing town to be able to run this business successfully.
You will need to register a business name.
Once you have gotten your business name ready, then open an account with banks
Get a physical contact office
Design a good company logo, stationeries and advert materials, most importantly a business card.
To get fast running, I will advise you design a well tailed website to promote your new business. You can contact me at +254 722376761 to brand you a good website.
GET YOUR ADVERTISMENT OUT AND RUNING AND GET READY FOR YOUR FIRST CLIENT
For advertisement, you can actually use any method you wish to but from experience the best method to get your real-estate business out real fast is the word of mouth method.
WORD –OF- MOUTH : is actually the method of telling every shots you know about your new business, ask them if they have any properties for sale or if they would want to buy properties in certain areas.
HOW DO I NEGOTIATE AND MAKE MONEY OUT OF MY RUNING AROUNDS
Normally between the seller (the owner of the property ) and you (the agent) there is a certain percentage of money agreed out of the total money paid to be your own share of the deal.
Then between the buyer and the you, you can actually add digits on top of the actually prize and leave the buyer to negotiate to your favour.
Note whatsoever the addition is, is your own cash once he pays.
HOW MUCH CAN I REALLY MAKE FROM ONE PROPERTY SOLD BY ME?
It actually depends on your negotiating power and also the size of the property.
HOW DO I GROW MY BUSINESS AND HIT IT BIG?
To grow your real-estate business you have to increase your advert rate and also you might want to bring in employees to help you advertise or do other run around.
REMEMBER: The key to success is consistence in your business, make your name known and make your money from then hence.