No. 1 Guide on How To Make Ksh 2000 Daily

Last updated on June 13th, 2024 at 02:58 pm

Making an extra Ksh 2,000 every day may seem like an unrealistic goal for many people struggling to make ends meet. However, with some strategic planning and effort, this additional daily income stream is quite achievable.

The key is to develop multiple income generating activities that can reliably add up to Ksh 2,000 in earnings. This income can make a big difference in not only covering daily expenses, but also allowing you to save and invest for the future.

Here are some reasons why making an extra Ksh 2,000 daily is an attainable goal for many:

• There are many side gig opportunities now that allow you to leverage your skills, time and assets. With the right mix, Ksh 2,000 can be attained.
• Starting a simple online business or monetizing a hobby on the side can drive daily income.
• Making some lifestyle adjustments to free up cash through a stricter budget allows directing funds towards savings or investments.
• Consistent effort over 3-6 months to build multiple steady income streams gets easier over time.
• Having Ksh 2,000 coming in daily gives a sense of financial security and opens up options.

If you’re willing to work hard and get creative with income generation, an extra Ksh 2,000 per day is very possible. This article provides ideas on how to systematically build up your cash-earning activities. With focus and determination, you can achieve this goal and improve your finances.

How To Make Ksh 2000 Daily

Develop a Budget

The first step towards making an extra Ksh 2,000 daily is to get clarity on your current income and expenses. Developing a detailed budget allows you to find areas where you may be overspending and opportunities to cut costs. This freed up cash can then be redirected towards savings or money-making side hustles.

Here are some budgeting tips:

• Track all expenses for 1-2 months in a spreadsheet – every small purchase adds up. Categorize the expenses.
• Distinguish between essential costs and discretionary expenses which can be reduced. Fixed costs include:
  • Rent/mortgage
  • Utilities
  • Insurance
  • Debt repayments
• Evaluate discretionary expenses across categories like:
  • Food/groceries
  • Transportation
  • Shopping/household
  • Entertainment
  • Miscellaneous
• Set limits for flexible spending categories based on your priorities.
• Downsize expensive items like your home, car, cable package if they are stretching your budget.
• Renegotiate rates for insurance, phone plans, recurring services. Threaten to switch providers.
• Cut back on eating out and minimize food waste. Meal planning helps reduce grocery costs.
• Consider second-hand or shared alternatives for items like cars, equipment, clothes.
• Track savings diligently – pay yourself first each month.

Expense Category	Current Spending	Revised Budget
Housing	Ksh 30,000	Ksh 20,000
Transportation	Ksh 15,000	Ksh 10,000
Food	Ksh 25,000	Ksh 15,000
Utilities	Ksh 5,000	Ksh 4,000
Entertainment	Ksh 10,000	Ksh 3,000

With a lean budget in place, you can free up significant funds to put towards earning additional income. The budget also provides clarity on where you can tap into for occasional extra income like selling unused items.

Find Side Gigs

Taking on side gigs and part-time work is likely the fastest way to start earning an extra Ksh 2,000 daily. Leveraging your skills, time and assets for extra income can be lucrative.

Here are some potential side hustles to consider:

Leverage Your Vehicle

• Become a driver for Uber, Taxify or Little Cab. You can make Ksh 2,000 or more working weekend or evening hours. Track your mileage for tax deductions.
• Deliver food or packages for Postmates, UberEATS or a restaurant. Schedule shifts to maximize orders during peak meal times.
• Rent your vehicle out on Turo or Getaround if you have an extra vehicle not being used daily. Earn up to Ksh 3,000 per day.

Online Odd Jobs

• Sign up for TaskRabbit and get paid for helping people assemble furniture, move homes, deliver items locally, handyman jobs, and more.
• Search for virtual assistant jobs on sites like Upwork and Fiverr. Build recurring income assisting others.
• Freelance your skills like writing, design, coding, data entry, administrative tasks, or consulting online.

Direct Sales

• Sell products via Facebook live videos and direct messages. Makeup, skincare, clothing, and nutrition products tend to sell well.
• Sign up as a distributor for companies like Herbalife, Oriflame, or Tupperware. Earn commissions hosting in-home events.
• Try multi-level marketing companies like Amway, Avon, Mary Kay, etc. Recruit a team to expand your earnings.

Monetize Your Home

• Rent out a room on Airbnb or be a host for holiday rentals or homestays.
• Offer paid parking spots if you live near an office area, shopping/entertainment district or university.
• Babysit or pet sit for others if you enjoy caring for kids and animals. Create flyers and post online.

With consistency and effort, combining a few side gigs can deliver an extra Ksh 2,000 daily. Tap into high earning weekends.

Start an Online Business in Kenya

Launching an online business is another great way to steadily build up to making an extra Ksh 2,000 daily. The internet offers immense reach to provide services or sell products. With focus and persistence, an online business can become a significant income stream.

Here are some online business ideas to tap into:

Freelance Services

Offer your professional skills virtually to clients worldwide. Some examples include:

• Copywriting, content creation, proofreading
• Graphic design, video editing, animations
• Website development and coding
• Bookkeeping, virtual assistant services
• Language instruction, tutoring, lessons

Promote your services on platforms like Fiverr, Freelancer, LinkedIn. Reach out to people in your network as well.

Consulting / Coaching

Share your specialized expertise by offering coaching or consulting. Popular niches include:

• Fitness, nutrition, health, wellness
• Marketing, business development, sales
• Career development, resume building
• Dating, relationships, personal growth

Sell services through your website, social profiles, video calls. Create courses for passive income.

Ecommerce Business

Sell products online that you create or source wholesale. Some options:

• Handicrafts, art, customized products on Etsy
• Print-on-demand clothing, mugs, cases using Shopify
• Dropshipping items with Oberlo using a Shopify store
• Wholesale bulk items and resell on online markets

Advertise cleverly on social media, SEO. Streamline order fulfillment.

Blogging / Social Media Management

Build a niche blog on your interests. Earn through:

• Google AdSense placement
• Affiliate marketing and product promotions
• Sponsored posts and brand collaborations
• Digital products like ebooks, courses, subscriptions

Also offer social media management services to businesses.

An online business runs 24/7 to meet your income goals if set up properly. Stay focused and patient while scaling it up.

Invest Wisely

Generating passive income through savvy investing is a key strategy for making an extra Ksh 2,000 daily in the long run. While investing requires some initial capital, the compounded returns can become a steady cash flow stream.

Consider these investment channels:

Peer to Peer Lending

Platforms like Lendahand allow you to lend money to verified individuals or businesses seeking loans and earn interest on the capital deployed.

• Advantages:
• Average returns of 10-15%
• Relatively low initial investments
• Risks spread across multiple loans
• Mostly short tenure 3-12 months
• Start by lending Ksh 10,000-50,000 across multiple borrowers

Stocks

Invest systematically in a portfolio of stocks across market sectors and geographies.

• Advantages:
• Potential for higher returns than typical savings accounts
• Low management fees through an index fund / ETF
• Can start with small amounts and add more over time
• Recommended approach for beginners:
• Open a low-fee online trading account
• Invest monthly in a stock index mutual fund
• Reinvest the dividends and capital gains

Retirement Accounts

Maximize your voluntary contributions to tax-advantaged retirement accounts like the NSSF.

• Benefits:
• Tax-deferred growth multiplying returns
• Most retirement accounts offer matching employer contributions
• Peace of mind through disciplined long-term savings
• Increase contribution percentage consistently. Target 20-30% of income based on budget.

Real Estate

Generate rental income from real estate by owning and leasing out properties.

• Pros:
• Potential for strong appreciation over time
• Tax advantages as a business asset
• Can start small then expand your portfolio
• Consider REITs for easy diversification if capital limited initially

Patience and persisting through market swings is key to grow your portfolio. The compounded returns will boost income.

Monetize Assets

One way to earn extra daily income is tapping into assets you already own but are underutilized. Your property, equipment, vehicles and other valuables could be rented out or shared.

Here are some ideas for monetizing what you have:

Rent Out Space

List a spare room or second property on home sharing sites like Airbnb, Vrbo, Booking.com. Furnish and decorate it attractively for travelers and holiday-goers.

Rent out parking spots, storage space, garages, sheds if you have unused capacity.

Convert part of your home into a tiny apartment to rent out if you have a separate entrance, kitchenette and bathroom available.

Share Equipment

List power tools, lawn equipment, cameras, music accessories, camping gear on peer-to-peer rental platforms like Fat Lama. Set competitive daily rates.

Let neighbors and friends know they can rent your infrequently used items at reasonable charges.

If you purchased equipment for a side business, put it to work. For example, use a high-end camera and lenses for photography sessions.

Monetize Vehicles

Sign up on Turo or HyreCar to rent out cars, trucks, vans you are not using regularly. Earn up to Ksh 3,000 daily.

List your vehicle on Car Next Door for hourly sharing. Install a tracking device for security.

Use your van/truck to provide hauling, moving or delivery services on the weekends.

Attach advertising banners to your car’s exterior to get paid for driving around town.

Resell and Collectibles

• Sell valuable antiques, watches, jewelry, instruments, collectibles through auction houses or collectors.
• Downsize quality kitchenware, furniture, artwork and home goods you no longer use via online selling platforms.
• If you invest in rare coins, art, or wine, resell a portion each year for profit.

Look at your fixed assets with fresh eyes for unused potential. A few rentals and peer sharing each month contributes significantly to reaching your daily income goals.

Key Takeaways

• Making an extra Ksh 2,000 daily is possible with multiple income streams.
• Trim expenses and develop a strict budget to free up capital.
• Side gigs like driving, freelancing, direct sales provide quick cash flow.
• Launch an online business with services, products or content.
• Invest wisely across stocks, real estate, lending for compounded returns.
• Rent out underutilized assets – space, vehicles, equipment.
• With consistent effort, multiple income sources add up to daily goals.
• Financial security and peace of mind results from systematic strategies.
• Set milestones, stay motivated pursuing this life-changing target.

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• How to Start Affiliate Marketing With No Money in Kenya