Today we have some 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 crowd funding
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 crowd funding, 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 Crypto currencies
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?
Crypto currencies use a technology called block chain. This is an encrypted digital ledger that records all transactions completed on a particular crypto currency network. Every crypto currency 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, 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. 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 monetize 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.
- 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.
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