To make money online you need to do business online. There are many businesses that Need No/Minimal Investment that will help you to make money online. Online business is any kind of business activity takes place over the internet. This business includes providing an online services or buying and selling online.
When it comes to doing business online it is clear that everyone has their own scope and understanding as well as experience that helps them make money online. But also to do these online businesses you need to look at certain types of businesses that will probably help you more to earn money online especially if you are in African countries like Tanzania.
This article will show you five types of businesses that you can do online especially here in Tanzania and Africa in general to earn online money. You need to be patient to read this article to the end and you will definitely get a few things to learn.
A blog is a type of website that organizes content in the form of post or topics addressed. Widely used blogging platforms are WordPress and BlogSpot that allow the construction of websites without manual code editing. There are a lot of options bloggers can choose when it comes to making money by blogging.
Bloggers can make money by placing ads, selling online courses, life coaching, affiliate marketing, consulting, sponsored posts, selling products etc.
But one of the most common ways many bloggers or publishers use to make money online is by placing ads on their blogs. The popular types of ads are CPC/PPC Ads (Cost/Pay Per Click) and CPM Ads (Cost Per Thousand Impressions).
These are banners that are placed in blog content or blog sidebar. For CPC means each time a reader or visitor clicks on the ad showed, payments are made for that click where by CPM means publishers payed from $1.0 to $1.5 for every 1,000 impressions of ads shown, but this depends with blog contents and location. Most bloggers are making between $100-$10,000 per month.
YouTube was created as a platform for anyone to upload any video content they desired. The platform help users or YouTubers to upload videos of their interest, sharing them, and view content without or minimal restriction. YouTube is undoubtedly the most popular video-sharing platform in the World followed by Vimeo which remains probably the best alternative to YouTube.
With AdSense YouTubers can make anywhere between $1 to $3 for every 1000 views due to a variety of sources. However, the amount of money that you can also earn from YouTube will depends on the number of clicks an ad receive.
3. Affiliate Marketing
Neil Patel explains Affiliate marketing as the process of earning a commission by promoting other people’s (or company’s) products. In order to do the business you have to join the affiliate marketing company you like, like Amazon Affiliate, find a product, promote it to others and earn a piece of the profit for each sale that you make from your affiliated link.
You can become an affiliate marketer on your website or social media accounts (Facebook, Tweeter, Instagram etc). With variety of sources intermediate affiliates can earn from $10/day up to $300/day; High-level affiliates can earn even above $1,000/day while Super affiliates like Pat Flynn earn more than $5,000/day
4. Forex Trading
In the forex market, according to BMMagazine US$5 trillion currencies are traded on a daily basis. This means there is an opportunity for you to earn a lot of profits when starting or doing forex trading business. The objective of forex trading business is to exchange one currency to another currency in the expectation that the price will change.
A trader would buy a currency pair at a lower price and sell it at a higher price, and their income is the difference between the Buy and the Sell price. The average earning on forex trading on how much you’re risking per trade. If you risk $1000, then you can make an average of $20,000 per year.
According to tradingwithrayner.com, if you risk $3000, then you can make an average of $60,000 per year. If you risk $5000, then you can make an average of $100,000 per year.
5. Sports Betting
One of the easiest ways to make more money online is by betting. It has tremendous potential in generating daily income. This is the activity of guessing the result(s) of a certain game or any other unpredictable event.
According to various sources you can make $1000-$100000 per month doing matched betting for 4 hours per week. However, the profit you make depends on the time you spend and experience you have in doing it. The popular sport betting sites are bet365.com, nesine.com, bet9ja.com, bet365.es, sportpesa.com etc.