*START CONSTRUCTION EQUIPMENT LEASING BUSINESS* Construction sites are on the rise in Kenya, both in towns and the suburbs. Starting a construction equipment leasing business is a profitable venture that can fetch you high profits. Among the equipment you need are a concrete vibrator, mixer, and a concrete hoist machine. With many people constructing houses, the demand for these types of equipment is high in the market. If you are thinking of starting a construction equipment leasing business, this is what you need to know. *Carry out a Feasibility Study* Before purchasing the equipment so that you can get started with the business, it is important that you first study the market. This will help you to determine the viability of the business and also identify a good business location. Talk to people in the construction industry and get to understand the equipment that are in demand. *Write Construction Equipment Leasing Business Plan* A business plan is a road map for any business. If you have done a feasibility study, it is easy to write a business plan. The business plan should state the equipment you need, their prices, their demand, market segmentation, business strengths and risks. A business plan will help you to maneuver in the business and overcome business risks. It will also help you to project business revenues and determine if the business is profitable before venturing into it. You can hire an expert to guide you write a business plan. *Acquire Business Licenses and Permits* You need to acquire business licenses to operate a legal business in Kenya. You can obtain business licenses from the county government offices or the county council offices. The cost of business licenses varies with the type of business and County. For a construction equipment leasing business, the price ranges between Ksh.5,000 and Ksh.10,000. You may also need to insure your business equipment. When you lease this equipment, you have limited control over how it is used. As such, they are likely to get damaged more often. Also, your business equipment is at risk of getting stolen. You can insure them against theft. *Cost of Starting Construction Equipment for Hire Business* The cost of starting the construction equipment for a leasing business depends on the size of your business and the type of equipment you want to lease. As rule of thumb, it is best to start small and grow your business over time. To start a small venture, you need at least a concrete mixer and a vibrator which will cost you Ksh.250,000 and from there you can grow your business gradually. *Items for Starting Construction Equipment Leasing Business* To start construction equipment for hire business, the items you need depend on the size of your business. These are some of the equipment you need and their prices in Kenya. *A concrete mixer (400 liters) – Ksh.180,000 *Concrete vibrator with shaft (Honda) – Ksh.60,000 *Concrete hoist machine – Ksh.400,000 *Trappers – Ksh.100,000 *Wheelbarrows (5 in number) – Ksh.25,000 *Is Construction Equipment for Hire Business Profitable?* Yes. There are a high number of Kenyans constructing houses both commercial and residential. This creates a demand for construction equipment. The following are construction equipment hire rates in Kenya. *A concrete mixer (400 liters) – Ksh.4,000 per day *Concrete vibrator – Ksh.1,500 per day *Concrete hoist machine – Ksh.4,000 per day *Trappers – Ksh.100 each for 21 days *Wheelbarrow – Ksh.100 per day If you have all this equipment, your daily revenues are at least Ksh.9,000. If you are located in areas with lots of construction activities, you can be leasing your equipment for at least 20 days a month. Essentially, it means you will be making roughly Ksh.180,000 in a month. If you deduct your expenses, you will be left with roughly Ksh.100,000. *Where to Buy Construction Equipment in Kenya* There are many shops that sell equipment in Kenya. You can visit the Industrial area in Nairobi and you will find many retailers selling them. To get better service, it is better you buy new equipment for longer service. You will also get a warranty so that you can get a free repair in case of a breakdown within the warranty period. *How to Market Construction Equipment Business* One of the best ways to get customers is through working with people in the construction industry. For instance, reach out to constructors and masons and let them know that you lease such equipment. Agree with them how much you can pay them a commission for every successful referral. This is a great way to get your business off the ground when it is new. Build a name in the industry and with time, you will not need customer referrals to get jobs. *Final Word* The good thing about this business is that you don’t have to be involved in its day to day running. That means you can continue doing what you do best even as you leave this business to run in the background (provided there’s good marketing involved). Best of all, there is room for growth. The construction sector is a multi-billion venture and the future looks bright. So don’t hesitate, if you feel this is the kind of business that would resonate with your needs and passion, go ahead and give it a try. Also don’t forget to join our training on Business Marketing. We have created a WhatsApp group called *BUSINESS MARKETING TRAINING* In this group we are going to train and teach you for 21 days brilliant marketing strategies that can make your business more profitable. Anyone can start a business but the tricky part is finding customers. Imagine easily getting new customers and having them gladly pay you day after day, month after month. Now Imagine your current and past customers frequently sending you their friends and family members to become your new clients. If getting and keeping new customers is the biggest problem in your business, in this training we will teach you how to use the power of mind to create lifetime customers, leverage the marketing power of the internet & mobile technology to get new customers and clients, have them spend more money & keep them buying forever. In our *BUSINESS MARKETING TRAINING* Whatsapp Group, we will also have discussions, questions and answers sessions. The training will start on Wednesday, 5th March 2025. We have prepared a program or schedule on how our Training will be conducted. Our Business Marketing training will take 21 days (Monday to Friday, excluding weekends) We will be educating/teaching you from 9.am to 2.pm by posting articles, images, PDF documents and videos. And from 2.pm to 7.pm the group will be open for discussions, questions and answers. *NOTE*: The training won't affect your daily schedules. You can access all the information posted in the training group at your own free time. Also, our training will be on weekdays only, Monday to Friday, excluding weekends so that those who will be busy during the weekdays can catch up with our training over the weekend. Below is a schedule of what will be learnt on each day of our training. DAY 1: Introduction to Marketing DAY 2: Understand the Importance of Marketing to the Success of your Business DAY 3: How to Use the Right Message to Sell Anything DAY 4: Smart Marketing Strategies for African Entrepreneurs DAY 5: The 7 Marketing-Mix and how they can help grow your Business DAY 6: Proven Pricing Strategies (How to Price Your Products/Services for Great Profit) DAY 7: Cheap and Interesting Ways to Attract More Customers to Your Business DAY 8: Word of Mouth marketing (How to Advertise Your Business for Free with this Marketing Strategy) DAY 9: Branding your Business (How to Create a Unique Identity of your Business in the Minds of a Target Market Audience through Name, Sign, Logo, Stamp and Design) DAY 10: Market Segmentation (A Marketing Strategy Successful Businesses and Companies use) DAY 11: Market Positioning (A Marketing Strategy that can help you Sell Your Products Fast) DAY 12: Network Marketing (How Africans can exploit this amazing Business Opportunity) DAY 13: Advertising and its Techniques to Sell Your Products Fast DAY 14: How to Use the Amazing Power of Social Networking DAY 15: How to Use the Amazing Power of Classified Ad sites in Kenya DAY 16: How to tap into Influencer Marketing for Your Business DAY 17: Powerful Ways to Win More Customers from Your Competition DAY 18: Types of Customers (And How to successfully handle difficult Customers and Probably Change them) DAY 19: How to Make your Customers Love your Business and keep Buying again and again from your Business. DAY 20: Experiencing Low Sales? Reasons Why Customers are Not Buying from You and what you can do about it for Better Results. DAY 21: Conclusion of our Training. To join our *BUSINESS MARKETING TRAINING* WhatsApp group, it will cost you only Ksh.2000 This Ksh.2000 is a small fee to enable you learn for 21 days brilliant marketing strategies that can make your business more profitable. You can make your payment of Ksh.2000 only by Mpesa to 0714593986 Mike Khayeka or PayPal [email protected] and we will add you to our *BUSINESS MARKETING TRAINING* WhatsApp group. Don't miss this training. It's a once in a life time opportunity. Remember, this training will be for 21 days and starts on Wednesday, 5th March 2025. Make your payment early to avoid last minute inconveniences. For inquiries, Contact us on WhatsApp or Call; Mike Khayeka The Director of The Sly School of Business and Computing and the next Senator Kakamega County 0714593986