The covid19 pandemic has exposed the fragility of our economy. It has also showed us that employment should not be relied upon even if you have a stable job.
This calls for a complete paradigm shift as individuals and at the leadership level on the approach towards jobs and income generating ventures we embrace.
The old adage that ‘never put your eggs in one basket’ holds water to this day. Economic and financial experts advise that you should diversify your investment portfolio. In the same breadth having more than one income generating source is very advisable.
This helps, in case one fails or is not doing so well, the other can step in. It’s also a good thing to have more money even if your main source is giving you good income.
When it comes to venturing to business or side hustle, go for one that you are assured of ready market. What better venture than water vending business? It’s said water is life, it is one of the 3 requirements for life others being food and air.
The demand for clean drinking water in many households continues to increase every day. Many Kenyans are becoming conscious of the dangers of consuming contaminated water and are seeking alternatives to municipal supplied water.
One income generating venture you can opt for and be assured of daily clients is a water vending ATM machine.
This is how you can easily make Ksh.200,000 per month using a water vending ATM machine in Kenya
Let assume you sell your water at Ksh.10 and sell 1000 liters per day.
Ksh.10 x 1000 liters = Ksh.10,000
Ksh.10,000 x 30 days = Ksh.300,000
Now assuming your overhead costs per month total to Ksh.100,000 then you are left with a cool Ksh.200,000.
However this is when you are selling at the price of Ksh.10. There are instances where you can make much more or less. For example if you sell your water at Ksh.20 you double that amount and if you sell at Ksh.5 you will not realize that amount.
The secret is to find a suitable location where there is no competition and good population of potential clients.
Note this is just for dispenser water. You can also bottle your own and supply to nearby shops to make extra money.
In Umoja estate Nairobi, there are areas where water is sold at Ksh.10 per liter and there are places it’s sold at Ksh.5 per liter. Why the difference you may be wondering.
In the case of Ksh.5 per liter there are 3 water vending stations near each other including a supermarket. In the case of Ksh.10 per liter, there are no near water vending stations so the vendor enjoys higher prices.
It’s a no brainer therefore to conclude that the location you choose will determine if you enjoy top prices or not.
You can easily make Ksh.200,000 per month using a water vending ATM business in Kenya.
The amount of money you will make will depend on where you will locate your business.
Business Man & Mentor