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Where to start a Mitumba business in Kenya?
Mitumba businesses abound in estates, in shopping centres, in open-air markets, in city centre stalls and even by the roadside. You can start a mitumba business in Kenya with any amount of money but to make it profitable, you need patience and resilience.
What are the different types of Mitumba bales?
In each bale, there are three types of items. There are pieces that look almost new. The mitumba industry calls these items camera. There are also pieces that are slightly used, and are not as appealing as the camera pieces. The third variety consists of items with some defects like missing buttons. This doesn’t mean they are worn out.
Which is the last step of a Mitumba business plan?
The last step of the financial section of your mitumba business plan is setting up your breakeven analysis. When the amount you spend on your business is equal to the sales volume, the business is said to be in a break-even point. The business can only be practicable when the amount you make is more than what you spent.
How much profit can you make selling Mitumba?
Mitumba pricing depends on the quality of the item and the overall cost of purchase per bundle (bale). There is a good profit margin in selling new clothes, but since the buying price is high, you may not double the selling price to get a 100% profit.
Last Update: Oct 2021
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Atit
26.10.2021 03:51
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