Let’s face it, working at a 9 to 5 job can be tiring at times. You could even own a thriving SME in Africa and desire to venture into online businesses. However, before you venture into any business, you need to carefully weigh your options and settle for the most suitable one.
Here are some online businesses that pay well in 2020 you can venture into.
Online Courses and Coaching
If you are an expert in your field, then it’s time to convert your skills into money. Technology has made it easy to learn anything from any field from the comfort of your home. As a result, there is a high demand for online courses and coaching in some specific field.
For instance, fields such as relationships, digital marketing, health, and fitness, among several others, are in high demand. That is to say, people across the world will pay to get professional advice and courses across such fields.
For example, you are an expert in the field of digital marketing; there are several aspiring digital marketers out there willing to pay for what you know. If you are an expert in any other field, this factor also applies.
In other words, you can either create an online course out of your expertise or offer a paid coaching session people are willing to pay for.
If you’re considering taking this path of creating an online course or coaching session, these are a couple of things you should put in place:
- Communication tools to communicate with your clients.
- Video calling software for video calls.
- A payment system to receive your funds.
Graphic Design
The importance of graphic designers in our world today cannot be overemphasized. They are needed to design marketing materials, websites, logos, amongst several others.
If you’re new to the business and yet to have access to well-paying clients, you might want to start small. Starting small means having to do a couple of low paying or even free jobs at times until you finally find your bearing.
Graphic design is an online business to consider as an SME in Africa; all it requires is being great at what you do – designing. Also, to be successful as a graphic designer, you must be a creative visual storyteller.
Content Management and SEO Writing
If you’re someone who enjoys writing, perhaps it’s time to switch things up a bit and convert your hobby to a remote source of income. Writing is one skill that is needed across various industries.
Businesses with websites can’t put themselves out there if they don’t show up on Google during a web search. To achieve this, they require the services of an SEO writer and content manager. If you’re well versed in SEO writing and can also create content that resonates with audiences, then that’s a valuable digital marketing skill.
Furthermore, offering a service as valuable as SEO Writing is a sure way to establish your online business.
Affiliate Marketing
One of the most popular ways to earn money online as an SME in Africa is affiliate marketing. The best part about this online business is that you can be an affiliate marketer for virtually any company.
What’s more? Affiliate marketing is something you might have been involved in without realizing it. Have you ever promoted or recommended someone’s product and earned commission after making sales?
Now, that right there is you being an affiliate marketer.
In order to make more money with affiliate marketing, you might want to consider setting up a blog of your own. As a result, you get to promote and sell products for other people on your website.
With affiliate marketing, there are several niche ideas to venture into. Here are a couple of top affiliate marketing niches to choose from:
- Dating and relationships
- Health
- Technology and gadgets
- Fitness and weight loss
- Self improvement e.t.c.
- Beauty products
The list is endless; all you have to do is choose what niche works perfectly for you.
Social Media Management
A common way companies are expanding into the online business world is through social media. That is to say, with social media, businesses can gain more followers who can be converted to customers.
Due to the need to break into the online world, companies and businesses need social media managers/consultants. These are people that will help scale and grow their businesses.
According to Mediakix,
- 30% of the online time comes from social media
- There are 8 billion views on videos posted on Facebook per day
- 96% of consumers (18-34 years old) watch a video at least a few times a week
- 75% of millennials check out a social video daily
- 80% of online traffic from consumers will come from videos by 2020
- Every single day, users watch over 100 million hours of video content from Facebook
These findings show that social media management is a great and profitable online business to venture into.
Having established profitable online businesses you can venture into as an SME in Africa, it’s time to weigh your numerous options and decide which you want to venture into. However, you should also bear in mind that running any of the businesses mentioned above requires effort. While success might not happen overnight, it is bound to happen – with hard work, dedication, and consistency.