In South Africa, there are several ways to earn money online, ranging from full-time work to side hustles. You have the freedom to choose the amount of money you want to make online and the method by which you want to earn it.
You must be willing to work even more to earn more money online in South Africa. Regardless of your educational background, there are two or more options to generate money in South Africa.
Making money needs both science and art, as well as adherence to a set of rules. When starting a business or side hustle, there is no set formula for profit. However, there are certain features that you can use to your advantage. Optimism is one of them.
Your optimism regarding earning money online will assist you in increasing your chances of success. Additionally, your cortisol level will increase, producing positive energy for the project on which you are now engaged.
Here are 16 ways that you can use to make money online with little or no monetary investment. 1. Start trading online
Probably the most difficult way to make money on our list, you can make thousands of trading online. The risk is too high so prepare and equip yourself with knowledge before you start. You cannot be a champion trader in a day, make sure that you read about markets and how to trade as often as possible.
Start with a demo account before depositing actual money into your trading account. Some Brokers also have a No Deposit Bonus to help you start trading for free.
2. Buy and sell domain names
Buying and selling domain names can be a great side hustle. You can do this by working from home or anywhere. The profit margins are huge, so this is something that can make you very rich.
Domain names are web addresses that you use every day on the internet. For example, google.com and rate web.co.za are domain names. Think of domain names as a yard on the web, where you can build a structure within the domain name.
You need to learn how to buy and sell domain names before you get started. If you don’t do your research at first, your efforts may not yield any fruits. Note that domain names start from R30, so you can start your investment at any time. Domain names have been sold for millions of dollars before and you might land a domain name that can make a fortune. How to get started
You can start buying domain names from these reputable companies: GodaddySedoNamejetAfrihost 3. Real estate crowdfunding
This is a practice of raising funds for a project in real estate from different individuals to meet the financial needs of a project. You are provided with a list of property development opportunities and you choose from the list on which property to invest in. The minimum investment amount differs per project so you might be restricted to investing only on a few properties if your budget is low.
When investing in real estate crowdfunding, is always wise to do due diligence on the project you want to invest in. Also, calculate your potential profits and potential losses from taking the deal and expect that the project may yield positive or negative results. 4. Invest in Cryptocurrencies
Investing in cryptocurrencies is, to some people, is the biggest con going around. It’s a way of getting rich quick without any real effort. But that’s far from reality. A lot of countries including South Africa have begun to recognize them as legitimate financial assets.
However before you start off on your crypto-investing journey, there are a few things you should know about how it all works. How do cryptocurrencies work?
Cryptocurrencies use a technology called a blockchain. This is an encrypted digital ledger that records all transactions completed on a particular cryptocurrency network. Every cryptocurrency has a public ledger where new transactions are added to the old one and broadcasted to the currency’s miners for verification purposes. When you use a crypto currency, it will come with its own crypto address which you can receive money. How to buy cryptocurrencies in South Africa?
If you want to invest in cryptocurrencies, the first thing you need to do is buy them from an exchange. These are platforms where people advertise how many cryptocurrency coins they’re selling and at what price per coin. Just like forex trading platforms, you must pick a reputable exchange. There have been instances of new exchanges vanishing overnight. One of the most Reputable Cryptocurrency exchanges is Valor. 5. Become an online English teacher
Teaching English online can make you lots of money. Some websites offer a standard rate of R450 per hour teaching. This is something you can do in your spare time. Other benefits include added experience on your Curriculum Vitae.
You need to be fluent in English and have a tertiary qualification. Some websites give exceptions for high school graduates. Your proficiency with the English language can get you accepted to teach online.
Since you will be working online you need to create a schedule on how many hours you are going to teach per day. You set your own hours and work from anywhere. Note that teaching websites will require that you specify the times that you are comfortable teaching.
You can make use of these websites to start teaching online: Itutorgroup.com, and t.dadaabc.com. 6. Online surveys
Research companies are always on a hunt to recruit members to answer online surveys and test new products. This requires filling a form for a few minutes and getting paid in cash or rewards. You can make up to R8000 on a survey.
You can make use of these websites to fill online surveys and earn money. JoinhivingTolunaPanel opinions-sayProlific 7. List your property on Airbnb
You can get paid R250.00 or more per day by Airbnb depending on your property location and condition. Getting started is very easy. All you need to do is sign up and list your property on the Airbnb website. To get started visit Airbnb 8. Make money on Amazon Mechanical Turk
Companies use Amazon Mechanical Turk to outsource work that is difficult for a computer program to do. Works include but are not limited to audio editing, transcribing, translating audio to different languages, writing reviews, and testing web pages.
With Amazon Mechanical Turk you can make up to R400 an hour working anywhere. All you need to start is an internet connection and a device be a phone/tablet/laptop/desktop. You can start your registration on www.mturk.com. You won’t start immediately after registering as Amazon take up to 3 days to verify your details. 9. Make use of Amazon Kindle Publishing
You can turn your ideas into an ebook and publish them using Kindle. There are two ways to go about it, either you write the book yourself or find someone to write it. No publishing company is required so using Amazon’s kindle publishing is free and easy. You can publish your book from anywhere in the world.
You can make a fortune publishing on Amazon. Some people make hundreds of thousands of Rands and even millions. Kindle publishing is a good way to earn passive income. 10. Register your car on driver, Uber or Taxify
Registering your private car on Taxify, Uber or driver can give you good profits. You can do this as a side gig or full-time, it’s all up to you. Currently, the driver is the hottest kid on the block and very interesting. On In driver, you can make use of a hatchback car. Uber and Taxify don’t allow hatchbacks.
Working hard you can make thousands of Rands per month in net profit. If you have a car that you can use then this is something worth trying in your spare time. 11. Offer freelance services online
Make use of your skills by offering freelance services online. The amount of money you are going to make depends on how much you are willing to work. Whether you are a writer, graphic designer, web designer, translator, accountant, etc there is a job for you.