10 Smart Ways to Make Money Online

If you are looking for ways to make money online, then this article is for you. Whether you reside in  Kenya, Nigeria, South Africa, etc as long as you have an android phone with an Internet connection you can make money online.

There are many smart ways to make money online, the truth is, making money online is not a get rich quick scheme, if you approach it that way, you will be greatly disappointed.

This is what you should know about making money online

Making Money Online requires:

1. Discipline

If you want to take control of your finances and earn more, you need to take control of your life. Discipline is very important, especially in time, money, and resource management.

2. Passion

Another important thing you need is passion. If you see your time online as an investment and invest it in the right thing, you will enjoy the returns

3. Information

You need the right information to succeed. Google is a good place to start, make sure you gather all the information you need, before you start

4. Consistency

Consistency is key, you have to keep building every day, there is nothing like an overnight success. Don’t believe everything you hear, it takes days, weeks, months, and years of consistency to build a sustainable flow of income online.

Here are the 10 Smart Ways to Make Money Online in Africa

1. Start a blog

You must have heard that starting a blog is one of the smartest ways to make money online. Yes, you can make money online if you start a blog, but it does not just end with having a domain name and hosting, you need contents, you need to define a revenue plan for your blog and you need to work on it.

Let’s break it down:

This is what you need to start a blog:

i. Have a domain name:

A domain name is like your home address, office or anywhere you decide to conduct your business. For us, it’s Motivation Africa. You have to create a unique domain name and use website like Name Cheap to confirm it’s availability.

ii. Get Hosting:

Hosting is like the engine that powers your house, without it your blog will not be functional. Website hosting sites like Blue host provides good plans that is effective and affordable.

iii. Create Contents

Contents is what attract people to your house. You have to research on what people will appreciate. Tools like Google Keyword planner can be a good assistant in this regard.

iv. Build Traffic

They are many ways to increase traffic to your blog, the most effective ways includes: Writing engaging content that is duly optimized for Search Engine and Sharing your post to social media and other social bookmarking sites.

V. Find a revenue model

They are many ways to monetize your blog. We have Google Adsense, Propellar ads, affiliate marketing, sponsored post, etc. You can combine some of them. The idea is to develop a model that will give you a good return on investment.

2. Forex

The foreign exchange market is a good place to make money online. It’s a capital intensive and a risky terrain, but millions of people are earning daily on it.

How can you make money on Forex:

i. Learn how to trade

One of the best free resources on Forex trading is Baby pips, take your time and study all the modules. Then practice on a demo first before going into a real account.

ii. Get a demo account

Download a Meta trader 4 or Meta Trader 5 platform and practice the demo as you are learning from Baby Pips

iii. Find a good broker

A broker is a link between you and the forex market. In searching for a broker, look at the following: The spread, their payment options and read reviews about them online

iv. Open a live account

I assume before getting to this stage, you already perfected your skills on the demo. Open a live account with the help of your broker and prepare your mind for the market.

v. Develop your strategy.

Based on What you learn, try to build a workable strategy for yourself, test this strategy first for at least a week on your demo before going to your live account.

vi. Start trading.

It times to put all your skills and learning to work. when you start trading your real account, you have to battle fear and greed, if you can overcome these two, you will be a successful forex trader.

Read: 4 Mistakes you should Avoid when trading forex and How to build your own forex trading strategy.

3. Online Survey

Another way of making money online is by taking online surveys. This one is very easy but it requires patience, consistency, and ability to pay attention to details.

You can sign up for Ysense and Swagbucks and start making money immediately

4. Affiliate Marketing

Affiliate Marketing is one of the oldest form of marketing. You don’t need to have a product or offer service before you can make money from affiliate marketing. Your job is to link someone to buy a good or pay for services from your affiliate link then you get a commission based on the affiliate commission sharing formula.

Here are a few things you should know:

i. Search for a product that is attractive

Attractive products attract sales, the golden rule of affiliate marketing is to focus on products that people will buy so that you can sell and make your commission fast.

ii. Look at the payment options available

Before signing up for any affiliate marketing program ensure that you understand how you will be paid. There is no need working if the payment options are not flexible or not available in your country.

iii. Look at the demand of the product or services you wish to promote

Don’t promote a product blindly. Do a thorough research on the acceptability of the product before applying to promote the product.

iv. Always look for new ways of promoting your affiliate links

If you don’t take it as investment and consistently look for ways to get more click, you won’t be successful. So make it a point of duty to tell someone about your links every day, either via email marketing or social media marketing.

5. Online Courses

If you are an expert in any field, you can develop an online course and make profit from it. You don’t need a website to sell contents online. Site like Udemy.com offers you a great platform to share your expertise with the World and get paid for it.

This is what you should do:

i. Create a content
ii. Identify your audience
iii. Upload your course to a platform like Udemy or edx.org
iv. Promote your course link via social media and also through writing guest post for blogs with your intended audience.

6. Freelance Writing

You don’t have to be an expert to succeed as a freelance writer, you just need to know your strength, build on it, get the right information and earn money.

Read : How to make money writing: 15 Websites Where You Can Get Paid to Write

7. Social Media Marketing

Many people are using the power of social media to grow their brand, sell products and create impact. Don’t just be on social media for fun, make it a part of your revenue model.

How to make money on Social Media Marketing.

i. Promote products or services for brands

As a rule of thumbs, brands are in constant search for social media influencers to promote their products and services. You can cash in on this if you are an influencer. I recently write a review of a product I love on one platform and I was rewarded handsomely

ii. Promote your own product/side hustle/service

8. Start a Youtube Channel

Starting a YouTube Channel is very easy. You can focus on Teaching, entertainment, or reviewing news and Products

Forbes mentioned the underlisted as top earners from YouTube between June 2017 to June 2018.

1. Ryan’s World, $22 million (22.4 million subscribers)
2. Jake Paul, $21.5 million (19.7 million subscribers)
3. Dude Perfect, $20 million (47.1 million subscribers)
4. DanTDM, $18.5 million (22.3 million subscribers)
5. Jeffree Star, $18 million (16.5 million subscribers)
6. Markiplier, $17.5 million (24.5 million subscribers)
7. VanossGaming, $17 million (24.9 million subscribers)
8. Jacksepticeye, $16 million (23 million subscribers
9. PewDiePie, $15.5 million (102 million subscribers)
10. Logan Paul, $14.5 million (19.9 million subscribers)

From this list, you can see the possibilities. Your revenue on Youtube depends on the engagement your channel generate, your niche and your revenue channel.

Here is how to start a Youtube channel

i. Go to YouTube.com and sign in with your Google account

ii. Headover to Channel dashboard to create a channel

iii.Create a new channel by clicking Create a new channel

iv. Fill out your details. Then, click Done.

v. Start creating contents

vi. Build your audience

vii. Monetize your channel

You can monetize your channel by joining the YouTube Partner Program, selling products or merchandise, working with brand as influencers, etc.

9. Teach English online

You can make money teaching English online. Here’s the good news, there are many platform that can help you achieve this. One of such platform is Teacher On. If you have a skill in teaching, you can create a profile by clicking here and start earning.

10. Take advantage of exiting platforms

Platforms like upwork and Fiverr make it possible for people to earn money online. You just need to have to skill and the time to explore opportunities on those platform.

 

If you have any question, you can drop a quick comment or send us an email by clicking here

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