Thinking of venturing into the bodaboda business? Great! It’s one of the fastest growing sectors in Kenya. In the past few years, the industry has opened up several wonderful opportunities for many Kenyans.
Step 1: Identify a Motorcycle
You may be wondering which is best for you. Most comparisons are based on the sale price, cost of maintenance/repairs, fuel efficiency, hardiness and looks. The good news is that with so many brands available, you are almost certain to get an option that matches your budget and needs.
Step 2: Raise the capital or acquire a loan
Once you are set to start this venture, you should have a capital of between Ksh 60,000 to Ksh 110, 000, for those who intend to operate a single motorcycle. This amount will cater for purchasing of a new bodaboda, insurance cover, protective jackets and helmet and fuel.
For those that intend to have more than one motorcycle, multiply the amount given above with the number of bodabodas you intend to own.
If you are unable to raise the full amount, you can opt for bank financing. Century offers swift bodaboda loans with flexible and friendly repayment plans.
Step 3: Get a valid licence or employ a rider
If you are planning on operating the bodaboda yourself, learning to ride from a competent driving school is crucially important. A good rider that abides by traffic rules goes a long way in keeping everyone safe on the road. Remember that every time you take to the road, you are responsible for the safety of you, your passenger and other road users.
Even if you are employed, you can still run bodaboda business as a side hussle. To do this, ensure that you employ a reliable person to ride your machine. Put a target for him, if he exceeds the target, the better for him.
Step 4: Choose a ‘Base’
It is no secret that some areas have more demand for bodabodas than others. Learning to position yourself in an appropriate area could be the difference between a flourishing biashara and a failed venture. Ride smarter, not harder!
In Nairobi, the average amount a bodaboda can fetch per day is between Ksh. 800 to Ksh. 1,500. Towns where bodaboda business is most profitable include Kisumu, Busia, Kisii, Bomet, Mtwapa, Kakamega,Luanda,Naivasha, Nakuru, Meru and Bungoma. This list, however, is ever growing.
You may also choose to enlist on a bodaboda hailing app. This too is a lucrative opportunity.
Step 5: Get Riding!
With those simple steps, you are ready to take on the challenge of starting a bodaboda business. A few other tips experienced riders have shared are:
• Be reliable: When your customers know they can trust you, they are more likely to give you jobs preferentially. You won’t have to to looking for customers, they will call you!
• Dress well and maintain your bodaboda: Nobody wants to be carried by an unkempt rider or barely road-worthy bodaboda. It’s your hustle, so take it seriously. You’ll see the difference.
• Network with riders and passengers: Keep your pipeline of opportunities fresh by talking to fellow riders and your passengers. Every day is a new opportunity to learn something new, and you can learn tons of new things by sparking up random conversations with people.
Think we missed something or have something to share? Let us know in the comments.