With the rising cost of living, it is becoming increasingly important to discover other ways to make extra money as many people find it difficult to determine the best strategies to diversify their income streams.
They feel that to get more money, you must be really skilful, which is not always the case. Although you might need certain skills for specific work, you can still start with the essential knowledge.
Here are some creative ways to make money that does not demand extreme knowledge.
Monetise your skills
The first step is to undertake some self-reflection. Evaluate yourself and make a list of your skills and abilities. Separate your abilities into monetisable and non-monetisable categories.
If you have some specific abilities that could solve problems for people, you can make it your source of income. You can leverage the internet by providing your service online and using social media to drive awareness.
Some skills you can monetise are blog posts, graphic design, website and app development etc.
For offline, if you are a great cook, you can cook for people who don’t have the time, especially the working-class individuals. You cook and package it for them.
Be a writer
Knowing your niche is all you need to be an exceptional writer. You don’t need a degree or any prior experience to write.
Essay writing, blogging, ebooks, novels, tales, research papers, and product descriptions are examples of writing niches, and people pay good money for these services.
However, you should constantly remember to be enthusiastic and authentic with your niche. Therefore, before writing, you must have done your due diligence in terms of research.
Apart from writing for clients sourced on freelancing platforms like Fiverr and Upwork, you can also create your blog and publish an eBook platform that pays people to read.
Market surveys are necessary for new and established businesses to project and position themselves correctly. This is why it will always be one of the most effective ways to make money online.
As a surveyor, you assist firms in gathering critical information that ensures their success before starting a new product. To maximise this, you need to be part of many survey platforms.
One of the simplest methods to earn money is to work as an affiliate marketer. This can serve as a means to an end to generate enough funds to start your own business.
You only need a large audience to whom you can suggest and market the product. Most of your work depends on how much marketing you convert to sales. Typically, you earn a commission from every sale.
Start E-Commerce Business
The eCommerce industry experienced a boom in 2019 due to the COVID-19 pandemic. Post-COVID, the industry is still thriving and will continue to grow as internet users increases and businesses are conducted online.
The pandemic forced many Africans who hitherto used the traditional brick-and-mortar shopping to adopt the online method. This skyrocketed the number of internet users on the continent.
Although compared to developed economies, the e-commerce space in Africa has not reached its full potential. You can leverage the opportunities and start an e-commerce business from the comfort of your home.
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