Posted on Jul 30, 2021 by Staff Writer
There are many ways of making money online in South Africa, from full-time employment to side gigs. The choice is yours on how much you want to make money online and how you want to go about making it.
If you want to make more money online, then you need to be prepared to work even harder. Regardless of your education background you surely can make money in two or more ways in South Africa.
Making money is both a science and an art and requires a set of principles that you need to adhere to. There is no formula that can be used to yield profits when starting a business or a side gig. However, there are traits that you can make use of to achieve positive results. Optimism is one of them.
The level of optimism you put in making money online will help you boost your chances of making money. Your cortisol level will also increase creating positive energy around what you are working on.
Here are 15 ways that you can use to make money online with little or no monetary investment.
1. Start trading online
Probably the most deficult way to make money on our list, you can make thousands 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 of 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 rateweb.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:
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 differ per project so you might be restricted to invest only on 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 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 cryptocurrency, 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, it’s very important that you pick a reputable exchange. There have been instances of new exchanges vanishing overnight. One of the most Reputable Cryptocurrency exchanges is Valr.
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 exception 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 get 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.
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 computer program to do. Works include but 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 internet connection and a device be a phone/table/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 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 required so using Amazon’s kindle publishing is free and easy. You can publish your book from anywhere in the world.
You can make fortunes 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 InDriver, Uber or Taxify
Registering your private car on taxify, Uber or indriver can give you good profits. You can do this as a side gig or full time, it’s all up to you. Currently InDriver is the hottest kid on the block and very interesting. On Indriver you can make use of a hatchback car. Uber and Taxify doesn’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.
You can make use of different platforms to maximize your chances of making good money. Good thing is that jobs offered on these platforms can be performed overtime. You get a chance to be as creative as possible. These websites use a bidding process.
The more your reviews and rating increase the more clients you are going to get. Accept that you are going to have a slow start but the hard work you put in will pay off.
Here are some of the websites you can use to start your freelance services:
12. Use MrD food or Uber Eats app to deliver food
All you need is a motorcycle to start taking deliveries using MrD or Uber Eats app. Also, it is up to you how many hours you want to work or you can think of Job creation and hire someone to work for you. Not only will you be getting more money with someone working full-time but you will also be creating employment.
13. Advertise on Social media
Have a huge social media following? Then use your followers to make money. Know why people follow you and create a brand around the idea of why you are followed.
Approach startups for a start and advertise for them. Show your clients that you are followed by their target market. Make approximations of the conversion rate that will come from your followers.
14. Start a YouTube channel
If you can think of content that is good enough to be watched then create a YouTube account and monetize it. All you need to get started is your phone. Don’t think of big lights and camera, just start simple.
There is YouTube threshold that you need to reach to start making money. First, your videos need to have been watched for 4000 hours in 12 months. Secondly, you need to have 1000 subscribers in the last 12 months. To achieve this your content need to be likeable.
If you get too good at this, you will end up being a millionaire. Remember we are living in an information age so this is something to try.
15. Make use of Swagbucks
Talking about easy money, Swagbucks gives you cash for filling surveys online. When registering you get free Swagbucks points that you can convert into cash. For every referral that you make you get 10% of Swagbucks that the person you referred makes. So if the person you referred makes 1000 Swagbucks you automatically earn 100 Swagbucks.
100 Swagbucks is equivalent to $1. Be prepared to answer many surveys and get yourself a good income.
Open a PayPal account that you will use to redeem your cash from Swagbucks. To get started go to Swagbucks.com or download Swagbucks app on Google play store or App store
16. Start a blog
If you have an idea or message that you want to communicate or want to build a community around something you love then start a blog. With a blog not only will you get your message across but you will make money while at it.
Starting a blog requires a few resources. There are two ways to go about it, by using free platforms or self-hosted platforms. Free platforms may pause restrictions and rules for your blog. With a self-hosted platform, you can do whatever you want and also plan how to monetise your blog.
Free platforms that you can use include Tumblr, Blogger, and WordPress.com. For self-hosted platform, you can use WordPress.org. WordPress is used by 96.2% of bloggers in the world and it is the most popular content management system.
How to start blogging in South Africa
- Choose a blogging platform that you are going to use for your blog.
- Pick a domain name for your blog. Your domain name must correlate with your blog ideas.
- Get web hosting for your domain. You can host your website using Afrihost, Hostgator, Godaddy and others.
- If you have selected WordPress as your content management system then choose a theme that resonates with your blog ideas. Add every page that is necessary. If you can’t design a page using WordPress then check out this YouTube video to help you get started.
- Last but not least you can then find advertisers to advertise on your blog. Alternatively, you can use Google Adsense and make money from your page visitors.
Making money entails hard work and dedication, there are no easy ways. All you need is to put your mind to the task at hand and achieve the intended objectives. You can make lots of money using one or a combination of the ways provided.
Frequently asked questions
How to make money online in South Africa?
You can make money in South Africa online using a YouTube channel, open Swagbucks account, advertise on social media, offer freelance services, sign up on Amazon Mechanical Turk, or publish a book on Amazon. You can use these methods simultaneously, it’s all up to you.
How to make money fast in South Africa?
First, you need to know how good your skills are. You can use your skills to render freelance services online. Freelance services pay fast and hefty. Make use of Fiverr.com and freelancer.com and make fast can freelancing. Other ways to make fast money include filling online surveys, renting a room, placing your property on Airbnb and trading online.
How to make money from home in South Africa?
Make use of online money making methods as they don’t require you to go anywhere. Start a blog or use Swagbucks to earn money from home.
How can I make passive income in South Africa?
Create a YouTube channel, start a blog, buy and sell domains, build a website, buy a car and list it on Taxify or Uber etc. You can make passive income from these methods. All you need it to invest time or skills or money today and enjoy your profits in the future. You can use a combination of the listed ways to make passive income.
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