In South Africa, jobs are hard to find. The unemployment rate currently stands at 34.5%, particularly affecting people under 35 years of age.
But there is still hope for South Africa’s youth. Young South Africans are taking the entrepreneurial route to solve their problems.
Armed with smartphones, these tech-savvy entrepreneurs are finding ways to make money online using what’s available to them.
One of the most popular avenues is social commerce, which involves using social media websites like Facebook, Instagram, and Twitter to sell.
It is also one of the easiest ways to make money online. And with the local social commerce market expected to grow 107.8% this year, it’s no wonder more and more hustle-hungry entrepreneurs are going online.
Here are some easy ways for entrepreneurs and scammers to make money online and how they get paid.
Facebook’s Marketplace started as a peer-to-peer sales platform, which allowed users to sell second-hand goods to people nearby.
Since then, Facebook Marketplace has grown to offer merchant services. Now small businesses can link their e-commerce stores and sell directly to customers through Facebook Marketplace.
Still, Facebook Marketplace is a handy tool for those making their first foray into digital commerce. It’s a simple way to make money from home without any investment, making it easier to connect with customers, market goods, and convert sales.
Facebook does not facilitate payment, but there are other options. Payment providers like iKhokha offer practical solutions such as payment linkswhich allow funds to be exchanged without cash or a card machine.
Shopping on Instagram
Shopping on Instagram is a great place to start if you’re looking to sell products online.
Scroll through Insta and you’ll quickly notice local entrepreneurs using the platform to flaunt their creativity. Clothing, beauty products, jewelry and handmade items are among the top sellers. Find a way to commodify your interests and skills, and you can start selling right away.
The only caveat? You will need to have an Instagram or Facebook Business page. Luckily, it’s pretty easy to convert your personal account if you want to make the switch.
Instagram charges a nominal selling fee as insurance, but you won’t have to deal with refunds or returns, which will make it easier to get started.
Virtual Service Providers
Young South Africans are also using their skills and interests to earn money online.
The growing popularity of remote work has led to an increase in virtual services. Creators, educators and personal trainers are all benefiting from this new way of working. By casting their nets further, these entrepreneurs can reach new customers in new cities and across international borders.
These professionals opened up new revenue channels at minimal cost using free video conferencing tools like Zoom and Remote payment links as a convenient alternative to EFT payments.
Bed and breakfasts and bed and breakfasts
In 2021, South African Airbnb hosts collectively earned over R2 billion. So it’s no surprise that renting out extra bedrooms in your home for short stays can be a lucrative business.
Small guesthouses, B&Bs and even landlords have decided to cut out the middleman by marketing directly to local travelers to waive the 3% host fee and 14% guest fee d ‘Airbnb.
Again, payment links make the process easier. Hosts can accept deposits and guests can make upfront payments remotely to secure their reservation before their stay.
While “influencer” has become a buzzword, young South Africans are still leveraging their impressive social networks to make money online.
So much so that Influencer Marketing Hub estimates that some influencers can earn up to R10,000 for a single Instagram post.
Whether doing promotional work with brands or selling your products and services, platforms like Instagram can be happy hunting grounds for those who have taken the time to build their following.
The demand for influencers is such that there are now entire agencies dedicated to facilitating influencer marketing. However, some choose to do it alone to maximize their money-making opportunities.
Payment links also prove invaluable for these personal brand builders. With remote payments, these creators can continue to work and run their business from anywhere, giving them more flexibility.
Various payment options are available if you want to earn money online. iKhokha is one of South Africa’s leading payment providers for small businesses and scammers.
Discover their products on www.ikhokha.com.