The Best Ways To Spend Money In Kenya

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Making money is when you use your own time and energy and a bit of creativity once, and obtain paid over and over and once again . Making money puts you within the driver’s seat. It allows you to be independent, not contingent somebody else controlling your wealth potential on a regular basis.

Make YouTube videos

This is a passive income concept is growing by the day.

The only effort you’ll need is at the outset when arising with a video script or idea, shooting the video, then promoting it. Once its done and it goes viral, it becomes a totally informant of income.

make money in kenya

As long as your video is informative or entertaining, you’ll monetize them on YouTube. Shoot, upload, and embed Google AdSense to the videos.

When people watch the videos or click on the links with ads, Google can pay you.

In Kenya, for 1,000 views of your video on YouTube, you’ll get paid about KES 100 (i.e. 1$). This however increases as your viewers increase.

Try affiliate marketing and earn a commission

Affiliate marketing may be a passive income method which will work best if you maintain a lively blog or website.

Like with any legitimate making money online schemes, you’re gonna first got to create what I usually call your tribe.

Your tribe are your fans. Your tribe are your potential buyers.

So to earn a commission from affiliate marketing, you either choose a ready-made tribe (like what you discover on freelancing websites like UpWork, Fiverr, etc) or create your own tribe from ground up (like the readers on EvaMtalii website).

Whichever way you opt to travel , to start out up with affiliate income, you’ll got to check in with the affiliate companies so you’ll start promoting their products and services.

Bitcoin trading

Digital assets are considered safe by many of us as they’re not suffering from oscillating inflation rates and inaccessibility to banks. Cryptocurrencies like bitcoin are decentralized and literally, you’ll get a hold of them as long as you’ve got a stable Internet connection! to urge started, you’ll buy your first bitcoin in peer-to-peer marketplaces like Paxful.

Paxful translates cash into digital assets which will be accessed anywhere within the world. be happy to settle on any of quite 300 payment methods and choose your rate of exchange , trading margins, and preferred trading method – be your own boss.

Create a virtual store

Don’t ignore it. The e-commerce market is booming in Kenya – the world is estimated to be worth quite 70-120 billion Kenyan shilling within the short term and 400 billion Kshs within the long term!

Grab a bit of the pie before everyone does by creating your own virtual store on online marketplaces! Some beautifully crafted marketplaces are Kilimall, Masoko, Avechi, and Sky.garden.

Sell your products on online marketplaces

This is almost like creating a virtual store, but cheaper. you’ll easily sell your products with alittle initial capital through a fulfillment method called dropshipping. With this method, you don’t keep a stock of what you’re selling. Instead, you pay the wholesale price of that item to a third-party supplier to ship the item on to the customer – all while you’re taking within the extra amount you’ve charged the customer!

This method requires only a laptop and an online connection. mount eComProo.com or Shopify to start out selling today.

eCommerce/Dropshipping

eCommerce is that the selling and buying of products and services over the web . The industry is booming, and therefore the easiest method you’ll start is via dropshipping. this is often a fulfillment method where a store doesn’t keep a listing of the things it sells but instead purchases it from a 3rd party supplier who ships the item on to the customer. the shop owner doesn’t see or handle the merchandise .

Record a Podcast

People are becoming busier every day and consequently, are trying to find passive ways to consume content. this is often the rationale podcasts are a craze at the instant , presenting you an excellent opportunity to create an audience and generate money. Here are some ways you’ll monetize your podcasts:

i) Stream it survive YouTube and make money from ads

ii) Find traditional sponsorship (advertisement)

iii) Sell your own products

One of the foremost successful and popular podcasters is John Lee Dumas, who makes Kshs. 20M per month from his Entrepreneur ablaze podcast.

The Best Ways To Spend Money In Kenya

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