Since the pandemic hit the country, tough economic conditions have seen a good number of businesses closing shop. At the same time, others have adapted to the changing times and have started selling their goods and services online.
This move to the online space is seen as both a means of cutting costs as one does not need a lot of capital to set up an online shop and also because in this era of working from home almost everyone is online hence a ready market.
If you happen to have found yourself unemployed or just looking for a side hustle, here are some ways in which you can make money on the online space;
1. Online Shop
Nowadays, the internet has made it easy for one to setup a shop on the online space from the comfort of your house and be able to sell your wares. One can setup a shop on any of the online platforms like Facebook, Instagram and even Twitter.
All one needs to do is to setup a profile, take killer photos of your products and post them on the timeline for your clients’ viewing. However, one needs to be very interactive so as to be able to build a following who will them form your customer base.
2. Blogging
Blogging is essentially the creation of written content for the online space. One can begin by identifying the niche that they would like to exploit. This can be lifestyle, I.T, business among others, however, it is advisable for one to choose a niche which is inclined to their passion/interests which makes it easier to be consistent in the longrun. One also needs to produce high-quality content so as to attract and retain an audience. Once you get the numbers, you can eventually start monetizing your blog through affiliate marketing and advertising.
3. Freelance Web Development
The current economic environment has meant that there aren’t many jobs for those graduating from universities and colleges. For those who have studied I.T, they can put their skills to use by doing freelance web/software development.
With many businesses moving to the online space, there are opportunities for such developers. All one needs to do is hone their skills which will ensure that they are able to deliver quality to their clients and also market themselves.
4. Digital Marketing
The popularity of social media has made companies move their marketing budgets to the online space as they compete for eyeballs. This has created a market for influencers who are essentially individuals who have a good following on the different social media platforms. The individuals are deemed to be able to influence the tastes and preferences of their followers and as such they are paid by the companies to market their goods and services.
If one has a good following and is knowledgeable about a products, you can either approach the marketing department of the company the you would like to work with or the agency handling the account. Make sure you have metrics to back you up as well as a presentation on the value that you will be adding to the brand.
5. YouTube channel
YouTube is the world’s largest video hosting website, with over 5 billion videos watched every day. It is the second most popular search engine, with the majority of its visitors looking to be informed and entertained.
Just like when starting a blog, one needs to figure out what niche that they would like to pursue. It should be something that one has interest in so as to enable them to be able to generate quality and interesting content consistently.
Once you have 1000 subscribers and 4000 hours of view time, you can begin monetizing with ads. You can earn between Sh200 and Sh400 for every 1000 views. If you have 50 video clips that get 10,000 views per month, that translates to Sh100,000 – 200,000 in monetary gains.
6. Podcast
People are becoming busier by the day, and as a result, they are looking for more passive ways to consume content. This is why podcasts are so popular right now, providing you with a fantastic opportunity to build an audience and earn money. Here are some ideas for monetizing your podcasts:
- Stream it live on YouTube and monetize it through advertisements.
- Look for traditional sponsorship (advertisement)
- Make and sell your own products.
7. Proofreading and Editing Jobs
A proofreader essentially looks for misspellings, incorrect/missed punctuation, textual and numerical inconsistencies, and so on. Editing, on the other hand, fixes problems at the heart of writing, such as sentence structure and language clarity. Thorough editing will aid in improving the readability, clarity, and
tone of the document. If you are interested in proofreading and editing jobs, click here to sign up for an account and start working.
8. Virtual Assistant
A virtual assistant is an independent contractor who provides administrative services to clients while working from a location other than the clients. A virtual assistant typically works from home but has remote access to
necessary planning documents such as a shared calendar. If you are interested in becoming a virtual assistant click here to create a profile and start working.