How to make money online in South Africa
Nowadays, when it comes to making money online in South Africa, most people make it look so complicated. There are many steps, business models, and so many different strategies, and tactics required to succeed online.
Today we will discuss some ways to make money legally online. Therefore, the seven legit ways to make money online are as follows:
- How to make money online in south Africa with Ecommerce
Ecommerce refers to selling of both physical and digital products online. Let’s say on Amazon, Shopify, eBay and so on.
You’re selling a physical product, maybe you get it from China, you get it from Alibaba, even when you’re selling products on eBay. That’s the ecommerce business model. It’s one of the most profitable business models online.
However, it also is the one that requires you the most amount of capital and experience.
Now you’re dealing with customer service, building a team, and fulfilling the product. You are dealing with the product image, the photo and more. You’re driving traffic, maybe through the search engine or paid traffic. You are trying to tweak your ecommerce site so that you get more sales, right?
And then maybe you do some affiliate deal, but your margins are usually not very high because you’re selling a physical product.
So, it means that you need to sell a lot of volume in order to make any significant
amount of money.
- How to make money online is South Africa with Drop shipping
Drop shipping is another legit way to make money online in SouthAfrica. Now what if you don’t have a product to sell? What if you don’t have a lot of money, a lot of capital to get started, then what do you do?
Well drop shipping is another model. There are a lot of people making a decent amount
of money with this model. Now with this model, you’re basically working with a wholesaler or a distributor, they have all the products and they would do the fulfillment. You’re actually acting as a marketer who drives traffic through social media, email, marketing or your website. You set up a virtual storefront where you take order and then you send the order to a wholesaler or a distributor, they would ship it to the customer for you.
Typically they would charge you money, and sometimes they charge you kind of a handling fee, could be a $2, $3 or $5. And that’s how you make money.
However, the profit margin can be very thin due to the fact that you are selling one item at a time. You have to be very careful knowing how much you can spend to acquire each customer, to drive traffic. So you have to know your metrics very well, because in this business you could spend a whole bunch of money, and if you don’t make those sales, you’re the one that’s taking the risk.
The wholesaler, the distributor, are not on the losing side. They only fulfill a product when you make a sale. So as a dropshipper, you’re the one that’s doing all the marketing, you have to front end a lot of marketing costs, and you only get paid after you make a sale.
- How to make money online is South Africa with Affiliate Marketing
The third legit ways to make money online is affiliate marketing. I love the affiliate marketing model, that’s actually how I made my first fortune on the internet, my first bucket of gold.
Now, what’s beautiful about the affiliate marketing model is you’re acting as a middle person. It doesn’t require you to have your own product, you can choose a handful of good products that you believe in and would like to promote. Also, you don’t have to deal with the inventory, or deal with the fulfillment.
However, you can test different free traffic sources and you can also use paid traffic. Drive them to the affiliate offer and from there you earn if your lead make purchases.
Try to measure and track the performance and then you’ll be able to get a commission
check every month. Even after all these years, until this day, for the work that I did two, three, five, eight years ago as an affiliate marketer, I’m still getting paid.
It still provides a nice stream of income for the work that I did many years ago. So I love the affiliate marketing model, but there’s one catch. In order to be a good affiliate marketer, guess what? You have to be a good marketer.
You have to know what you’re doing in terms of doing online type marketing. You have to know what is it that you are working on. It is not an easy thing, but it is easier than other types of ways to make money online.
- How to make money online in South Africa with SAS or software business
SAS or software business is a Legit way to make money online. Nowadays, software business is a huge business online. It is a model that is absolutely scalable if you know what you’re doing and you can see companies making millions of dollars, tens of millions of dollars, hundreds of millions of dollars.
I’m talking about Infusionsoft, it could be any software that solves a problem in the marketplace. Now, why is this model so powerful? it’s because it doesn’t matter if you sell that piece of software to one customer or 10,000 customers, it is the same product that gets replicated that many user can use at the same time, and that’s why it’s such a powerful business model. All you need do is to hire developers or a programmers to develop those software for you.
The problem associated with this is if the software is not done right, you could burn hundreds of thousands of dollars, millions of dollars before getting a return. However, if you know what you’re doing, software on the internet is absolutely one of the most powerful ways to make millions of dollars online.
- Make money online in South Africa with Google AdSense
Now Google AdSense is an advertising program that allows you to run ads on your website or blog or YouTube videos. And you get paid when visitors click on them.
The ads are generated from businesses that use the Google AdWords account. Now with AdSense, you need to have a lot traffic. Maybe you can create some kind of blog, maybe it’s a YouTube channel, but you need a lot of visitors to make any significant amount of money.
Now the good thing is, it’s free and doesn’t cost you anything to join. But the downside is you need to create a lot of content in order to create a decent amount of income or
to maintain a good income.
I have a friend of mine who used to make a ton of money with Google AdSense.
At his heyday, he was making over a million dollars a year with just AdSense and now guess how much his blog’s making him?
Less than $30,000 a year. So, it’s one way to make money, but it’s not as good as it used to be.
- How to make money onl9nr in South Africa with Digital Agency
Legit way to make money online number six, and that is what I call the expert business.Now we’re talking about packaging your expertise, your skills, your knowledge, your passion into some kind of a product. I’m talking about not only online courses but also rendering professional services. I’m talking about training programs. I’m also talking about services that you could provide.
Maybe you are a digital marketer, you are running a social media agency, or web development agency. You are doing any types of programs that enhance people’s business, enhance people’s lives.
That’s what I call the expert business.
- Make money online in South Africa with YouTube Vlog
The last legit way to make money online, and that is through YouTube.
Now with YouTube, you think about YouTube could put everything together for you. Let’s say you have an ecommerce business, you could create demonstration videos and upload them to YouTube and in the description you can drive all the traffic back to your ecommerce site.
You can also do tutorials teaching people how to use your products on YouTube as well.
Or if you’re in the drop shipping business, it is the same thing, you can have various keywords, different types of videos on YouTube that people are searching for right now. And they watch the video, they like the product and then click the link and they could go to your website, your virtual storefront and buy from you. And then when you get an order, you can send that to your wholesaler and they can fulfill the
order for you as well. Remember, we also talk about the affiliate marketing business. Now, because the affiliate marketing business it’s so competitive, it’s not just you as an affiliate promoting that particular offer, that particular product.
This is one of the ways you can make yourself stand out instead of just driving traffic to the offer directly, in between you can drive them to your email list.
You build trust, when you are educating or informing your potential buyers through YouTube videos and content. And then once they want to learn more about it, they click on a link, and then they could buy your affiliate offer as well.
The expert business, software, if you want to reach a mass market very quickly, you can easily run ads on YouTube.
And giving away maybe a free trial, the freemium model for your software and from YouTube they can see it, you can reach millions and millions of people just like that.
And from there, you can get a lot of users. Even you want to test out the product, you want to see how you like your software, that’s one way to do that.
And that’s why I think YouTube, if you have a strong YouTube channel, you can combine all these ways of making money in one.
If you have a strong YouTube channel you will enhances any of these revenue streams that you have right now.