Business Types in Kenya
How mitumba sellers can track stock and daily sales
Mitumba sellers can track bale costs, item sales, transport, market fees, Cash, M-PESA and remaining stock.
A mitumba business can be profitable, but only if the seller understands the cost of buying stock and the money recovered from selling it. A bale may contain items of different quality, sizes and selling prices.
The seller may sell some items quickly, discount others, and remain with slow-moving stock. If records are poor, it becomes hard to know whether the bale made profit.
Good records help the seller compare bale cost, transport, market fees, sales income and stock remaining.
What a mitumba seller should track
- Cost of bale or stock purchase.
- Transport and market fees.
- Cash sales.
- M-PESA sales.
- Discounted items.
- Unsold stock.
- Damaged or unsellable items.
Simple example
- Bale cost: KSh 18,000.
- Transport and fees: KSh 2,000.
- Total cost: KSh 20,000.
- Sales collected so far: KSh 27,000.
- Estimated gross gain before other expenses: KSh 7,000.
How Bizwazi helps
- Bizwazi can help record sales, expenses, stock items and reports so mitumba sellers understand whether stock purchases are profitable.
How Bizwazi helps
Bizwazi gives small businesses a simple way to record sales, expenses, invoices, inventory, supplier bills, transfers, daily balances and reports in one place.