What is Money?
Money is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts, such as taxes, in a particular country or socio-economic context.
What Is The Best Way To Make Money In South Africa?
1. Utilize money-making websites
Utilizing websites to make money is arguably the easiest and fastest way to make money online in South Africa. All that is required to earn from these sites is your phone and a good internet connection.
There are literally thousands of websites on the internet that claims to help people earn some extra cash online but many of them are either scams or a bunch of time wasters.
2. Affiliate marketing
The popularity of the affiliate marketing business has increased across Africa lately and some South Africans are already earning a sustainable income online from it.
Affiliate marketing is a type of business through which anyone can earn money online by promoting other people’s products in return for a commission for each sale made through their referral link.
This is a legit business that is quite different from MLM and network marketing where you will need to buy products, take inventories or build a team.
In affiliate marketing, all you need to do in order to earn commissions is to connect those interested in a particular product to where they can get it via your affiliate link.
3. Earn by watching videos
Making money by watching videos is actually another legit way to earn some extra cash online.
There are many websites and apps that allow users to get paid for watching videos, and the process is often straightforward and easy.
Although you are never going to be rich or earn a sustainable income from this money-making method, you can earn up to a hundred dollars per month as extra income from it.
4. Earn by listening to music
Similar to watching videos, you can earn money online in South Africa for free by listening to cool music.
There are some websites and apps that will pay you to listen to music and write short feedback on the song. Some will simply pay you for taking your time to listen to the song.
5. Use apps to make money
There are a number of apps to make money online that you can use to earn some extra cash in South Africa.
These apps will pay you for using them to do activities like browsing the web, playing games, listening to music, and so on. You can even earn passive income with some of them.
All you need to do is download one or more of the apps for free on the Google play store or apple store and make use of it appropriately.
6. Freelancing
Freelancing is another cool way to make money online in South Africa.
There are a number of international freelancing websites that allow Africans to earn a decent income by working for foreign clients.
However, Upwork and Fiverr are arguably the most popular and reliable options.
I personally focus on earning as a freelancer on Fiverr and I earn an extra income of over a thousand dollars per month on average from the platform since I joined in 2018.
7. Become an online tutor
The value of a good education is universally acknowledged. Giving online tutoring a try is a great way to help others and make some money on the side at the same time.
One of the best things about teaching online is that you can take advantage of all the cutting-edge tools at your disposal to help you do your job.
Skillshare and Udimi are one of the best platforms to monetize your knowledge as an online tutor. You can earn monthly recurring income from the lectures you offer on these platforms.
8. Amazon Kindle Book Publishing
Kindle makes it easy to write and publish your own ebooks. You can either write the book yourself or hire someone else to do it.
Using Amazon’s Kindle Direct Publishing service is simple since you don’t need a publishing business to do it. Your book may be published regardless of where you are located.
Amazon is a goldmine for authors looking to establish a name for themselves.
9. Cryptocurrency trading
Financial success through trade Bitcoin and other cryptocurrencies have been increasingly popular in recent years due to their accessibility as a gateway into the world of financial trade.
What makes crypto trading unique is the increased likelihood of making a rapid profit as opposed to stock trading.
Most notably, One of the easiest methods to make money in South Africa, peer-to-peer networks open the door to previously unbanked groups.
10. Dropshipping
Many would-be entrepreneurs are deterred from taking the entrepreneurial plunge because their proposed businesses require costly infrastructure, such as warehouse space for stock.
Fortunately, there is a solution: dropshipping.
This business model allows you to bypass the hassle of stocking and warehousing your own goods by taking on the role of a go-between for your company’s suppliers and customers.
What is the best side hustle to make money in South Africa?
Affiliate marketing is a low-risk side hustle that can be turned into a full-time income because it’s a lucrative business that you can start for free without creating or maintaining any products.
To get started with affiliate marketing, you need to choose a niche and high-paying product or service to promote.
What makes the most money in South Africa?
The information technology, business, management, and finance sectors are currently South Africa’s most sought-after sectors. The highest-paying jobs in the country rake in thousands or millions of SA Rand annually.