5 Legit Ways To Make Money Online
According to Statista, the global social media penetration rate is 54% and the average internet user spends 145 minutes on social media every day. This means that at any given time you will have a significant audience to sell your product or service should you choose to promote yourself on social media. In addition, you can take advantage of other online platforms and earn money online.
Here are five new ways for Africans to learn how to make money online.
- YouTube creators
To make money on YouTube, you must first create a channel. The channel should be niche-oriented so you can build a loyal following and strong subscribers. You may want to focus on a niche you are passionate about to increase your chances of success. Some of the most common niches best suited to YouTubers are makeup/beauty, product reviews, tech, autos, gaming, real estate, and jokes. However, you can make YouTube on any topic with an audience.
Once you have a channel and a niche, you need to consistently create content for your audience to see. You should also optimize your title and content for the YouTube search engine. By doing this, you aim to get 1000 subscribers so you can monetize your YouTube channel.
Dropshipping is one of the most popular online businesses, according to Google Trends. Still, you need to be a good organizer and have good customer skills to be successful in dropshipping. Basically, dropshipping is simply a business where you sell a merchandise or a product to a customer, but the supplier of the product packages, stores and ships the product to buyers. All you need to do is create a dropshipping website, list your products and start selling to customers all over the world.
To be successful in dropshipping, you need to find the right product to sell and focus your energy on finding the right customers to buy your products. Do this by properly selecting and editing your product images, adding great item descriptions, and having a great customer support system. In addition, you can use influencers to promote your products online, duplicate your digital marketing efforts, and reach potential customers on social media through direct messages.
- Freelance Online Jobs
Freelancing is not a new concept. Today, however, it is more popular than ever. This is mainly due to increased internet connectivity and relocation of work. Most freelancers thrive in the service industry by offering their work for an hourly wage or per job.
You can work independently in the industry of your choice or specialization. For example, you can search for freelance writing, coding/programming, designing, teaching, and marketing roles, among others. There are plenty of freelance job boards where you can market your skills and find freelance jobs. They include Upwork, People Per Hour, Fiverr, Freelancer, and Guru, among others. To make money online as a freelancer, you need to build a strong online portfolio. This may mean that you work for reputable institutions without pay. Once you have a portfolio, you can start reaching potential customers.
- Affiliate Marketing / Blogs
Affiliate marketing is performance-based marketing where a company compensates an affiliate marketer for every customer the marketer brings to the company. A marketer receives a commission for every customer he brings in. Its popularity has increased over the years due to its ability to provide a steady income. More importantly, you can be an affiliate marketer for any business, including FabFitFun, Amazon, Shopify, and Uber.
To make money as an affiliate marketer, you need to create a blog with quality content. You can then promote brands on your blog pages. You can put affiliate links from different brands on one page and still make money.
- Social Influencer Sponsorship
Influencers build a personal brand on social media and use their brand for monetary gain. To become an influencer, you need to create a healthy and loyal audience online. Most influencers do this on YouTube, Instagram and TikTok. Once you have a large following, you can start charging brands for sponsored ads. You can also sell your own merchandise, create an online store, become a brand ambassador and get paid for the appearance of the event.
Most of the above options are ways to make money online without paying anything, meaning little or no cash is required upfront before you get started. However, if you need some seed money, you can always research what business loans are available to you. This can give you some cash flow to accelerate the growth of your online business. It is often useful to test in your spare time in the evenings and on weekends. Then, if you find that it’s something you like and can make money, you can start investing money or quit your day job to focus on the new business.