It seems like these days more and more people are looking for ways to make money in South Africa but little information is helpful.
That is the reason that I will be writing about how to make extra money in South Africa using practical and best financial vehicles.
I have always been a person looking for ways to make money online and this has become a hobby to me and this is the reason why I ended up doing many ways to make extra money online.
Some of them didn’t work out at all but I learnt many valuable lessons from such which has made me very experienced.
This is the reason today I will show you what works best and how you can get started.
Before we start you may be interested in checking my # 1 recommendation for making money online.
1. Lease out your property room
If you have a house which has rooms it would be great to turn that room or rooms into rental room so that you will be able give you extra income without working to hard.
The best way to do this is to have a room outside which will be great to give you privacy.
The good thing about rentals is the fact that they normally never go away even in tough times or recession where people can not afford anything.
If you do this you will be able to even have to ability of not needing to pain your home bond.
When I had an apartment it was great that I could get extra income which was basically
2. Affiliate marketing
The best thing vehicle which I use if affiliate marketing whereby you are selling people’s or company’s products for a small commission.
The commission can range from 5% of the sale to 75% depending on the company which you are working with.
The reason I started affiliate marketing is because you do not need to create any products to sell which will leave you will a lot of time to focus on marketing.
Here are the best affiliate marketing programs you can start with:
Of course there is more you can find online but these are the biggest ones which work well.
3. Network Marketing
Network marketing is one of the first business I started with and it was purely to develop my confidence skills which it did help.
Network marketing is where you have a product that is not your own and you help the company sell their product for a commission.
It is a bit similar to affiliate marketing except that in network marketing you merely focus on that one company exclusively to sell the products.
You will also be recruiting a team to be under you if you wish to earn more.
When I started network marketing I started with a company called WorldVentures which focused on selling traveling destinations.
4. Deliver grocery
A big trend in South Africa has risen where people are offering to deliver grocery for people for a commission.
Since this trend is new and will likely increase due to viruses we are facing in our lifetime like corona it is without a doubt the best way to cash in on this opportunity.
You do however need to make sure you have a fully functional car which you can operate since you will be traveling a lot.
5. Trade online
If you have the desire for checking the fluctuation of the financial marketers you will be better suited at trading online.
There are many ways you can go about trading such as the following:
- Trading stocks
- Trading currencies (You require less capital to start)
Here you are checking the strength of a company or economies of different countries and trading with regard to that knowledge.
Many young people have started Forex in South Africa due to the fact that it has lower barriers of entry compared to starting a regular business.
How I make money
I make money through different vehicles because I believe in have multiple streams of income so that is why I do this.
I make money through affiliate marketing and also through a service business which focuses on retail.
The one I enjoy the most is affiliate marketing which gives me so much creativity and marketing since I do not have to create a service or product.
At first I struggled when I joined a company called internet income intensive which I lacked support.
However once I got a program which had training my results soared like crazy and I started to make money online.
The program I joined was Wealthy Affiliate which I took since it had a free training version where you get started without paying a dime.
You can start your Free affiliate marketing training with Wealthy Affiliate here
After a few months I started making money consistently and I knew that this thing actually works.
Making money in South Africa or in any part of the world it is always good to look at opportunities which are practical and that have been working in the country.
I am from South African and I have tried a majority of these businesses and I can attest that these are very practical and they work well and they are:
- Network Marketing
- Trading online
- Affiliate marketing
- Delivery service
All you need to do is to choose which ever you feel will be the best for you and work at it hard. The best bet would be to get a mentor who will be able to assist you do this.
This is why I started with a free program called Wealthy Affiliate which helps you make money online and they help train you 100%.
I hope this article was helpful and I hope you will be able to use these tips to start your financial freedom journey for you and your family.
If you have any questions or comments to add you can leave them below. I will be happy to engage with you.