The growth in access to the internet across the country has come with its benefits. One of these is the creation of numerous opportunities you can use to make money online in Kenya. Currently, thousands of Kenyans are already tapping into them.
Opportunities in the online space continue to grow as more businesses embrace this market. Hence, let’s look at the various ways how to make money online in Kenya.
- Forex trading
- Online training
Below is a breakdown of how each of these factors work.
Freelancing is one of the most common jobs that Kenyans do to make money online. It comes from the fact that the world has become connected making it easier to match skills with available jobs online.
An example of a key job that you can do through freelancing is writing. This involves working with various entities such as publishers, bloggers, and magazines across the world. To make it easier, various platforms connect freelancers with job providers such as Upwork
Through such sites, you can access thousands of jobs across different sectors. Your role is to bid for the ones that match your skills and abilities. Some of the most sort after skills from freelancers include content writers, data analysts, and software developers. Learn more on Top 5 Best Freelancing Websites in Kenya.
In freelancing, the more jobs you undertake successfully, the more marketable you become. Hence, you should be ready to start small and grow with time. On average startup, freelancers could make between 30,000 to 50,000 shillings per month in Kenya. Another advantage of freelancing is the income is tax-free.
Kenya currently has close to 50,000 registered blogs. An indication most Kenyans are taking up the opportunities that come with blogging. As an example, you are currently reading this article on my blog.
Blogging entails having your website that you create content on to attract visitors. The process of creating a blog is not complicated. You only need to buy a domain name and hosting services from a web hosting services provider. Learn more on how to start and run a blog in Kenya.
It costs less than 5,000 shillings to get a simple blog running. Hence, this is a business that almost everyone can afford to do. However, making money through a blog is not instant. It requires you to create relevant content consistently before you can get a sizeable number of readers.
Growing your blog visitors is essential because it determines the amount of income. It is necessary to start a blog focusing on a niche that you have an interest in. This makes it easier for you to grow it. Below are some of the ways to make through a blog include;
- Google AdSense
- Affiliate marketing
As I had mentioned, the more visitors you have to your blog, the higher the income. On average, bloggers make 50,000 per month in Kenya. However, there is no limit to the upside. It all depends on your hardwork and marketing skills.
E-commerce is another key method of how to make money online in Kenya. It comes from the fact that online shopping is gaining attraction in the country and across the world at large. Currently, thousands of Kenyans are buying online daily.
Although bigger platforms dominate the market, there is still a big room for everyone with an interest in this area. Doing e-commerce needs you to have a platform where customers can review and buy goods seamlessly.
There are various ways to achieve this. One of these includes using an existing online platform such as Jumia Kenya. The platform allows independent sellers to list their goods for sale on their website. However, you have to pay them a commission from the sales generated. How to Become a Seller in Jumia Kenya.
Some of the benefits of this approach are access to free marketing and a well-established distribution network. This is key because you have to ensure goods get to your customers after purchase in a timely and intact manner.
Secondly, you can create your e-commerce site. The only challenge with this is you will have to spend a lot of time and resources marketing your platform. Finally, you can tap into the various marketplaces on social media sites to market your goods and services. A Key example is the Facebook marketplace which is very common with Kenyan sellers.
4. Forex trading
Forex trading involves participating in the CFD market by trading currencies. Forex is the biggest market in the world with a daily turnover exceeding 600 trillion shillings. Hence, the opportunities are limitless for profitable traders.
To become a forex trader, you need to open a trading account with one of the registered forex trading brokers in the country such as Scope markets. You also need some startup capital. The good thing is you can start with as little as 5,000 shillings making the trade affordable to the majority.
However, you need a good understanding of the market and continuous practice to become successful in forex trading. An exercise that could take years to achieve. One key challenge with trading Forex is the risk. It is riskier compared to other online jobs such as freelancing.
Learn more about how to start forex trading in Kenya.
5. Online training
Online training is a key way to make money because of the growing demand by the millions of online users seeking to learn various skills. Hence, if you have any of the skills in demand, this is an opportunity you can tap.
Most of the online training happens on various visual platforms such as YouTube. However, there are also dedicated sites for training such as Udemy. This makes it critical to choose the best platform to do the training. The list of things people want to learn is endless. Some of these could be learning simple things such as how to play football to complex things such as programming.
It all depends on your skills. To earn more income doing online training, you should focus on becoming among the best in your area. This is because the online space is huge with a lot of competition. Hence, only the best win.
Another factor to consider is pricing. As a starter, you need to price yourself competitively to attract customers. It also takes time to get consistent customers. This calls for patience to allow the business to scale.
Conclusion on how to make money online in Kenya
These are some of the most common online activities that you can use to make money. However, new opportunities come up daily making it necessary to be on a constant lookout.
From the analysis, some of the factors that determine how to make money online in Kenya include;
- Access to internet
- Financial capacity
- Skills level
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