According to the Economic Times, online tutoring is a lucrative business idea with endless money making opportunities. African financial professionals who can teach students in online classes can benefit from this rewarding industry. With thousands of people opening their doors to new fields and many of them eager to become financially literate, you can make a good income by sharing your expertise.
You can start an online tutoring business on YouTube or partner with other tutoring companies to earn additional income. Consider using social platforms for advertising and put a price on your sessions. You can also earn from advertisements and cooperation with other companies.
Become a financial advisor
According to Smart Asset, financial advisors identify the most appropriate investments and provide investors with personalized wealth-building advice. African financial professionals can make a good living by sharing their knowledge and expertise in the financial industry.
If you can guide investors in financial planning, guide insurance decisions, and identify profitable investments, this idea is for you. You get paid by advising customers to buy and sell stocks, bonds, and other assets. You can also earn money as a self-employed contractor or work for multiple firms with different clients.
Offer Freelance Services
According to Financial Wolves, the easiest way for financial professionals to make money remotely is to become self-employed in finance. African financial professionals can make good incomes with many companies seeking finance talents in contract and full-time roles.
Web platforms like Upwork, Fiverr, Freelancer, and Toptal offer lucrative monetization opportunities to fund professionals and Africans can take advantage of it. Consider enrolling and following the proper enrollment procedure and showcasing your skills. These platforms have sections where you discuss your experience and expertise to ensure the right customers find you.
Start a Website or Blog
According to WordPress Novice, starting a website or blog is profitable and an excellent way to make a good income online doing what you love. A finance blog offers opportunities to make money but requires effective strategies for successful results.
African financial professionals with excellent writing skills can make money by educating the public on personal finance or spending on a website. You can make money by blogging through affiliate marketing, ads, sponsored posts, and flipping websites. Since advertising is the primary source of passive income for website owners, there is zero limit to how much you can earn.
Write and self-publish a book on finance
Self-publishing a finance book is lucrative, as many authors charge 40% to 60% royalties from selling a book, according to The Balance Small Business. Whatever your level of experience, platforms like Amazon and Smashwords offer good opportunities for African financial professionals to make money.
Beginners can write about loans, investments, savings, taxes, debt, and budgeting. Also, experienced financial professionals can share investment banking, M&A, venture capital etc. African professionals should embrace writing and self-publishing a book for passive income opportunity.
Start a YouTube Channel
According to Shopify, YouTube is the platform that unlocks your earning potential, and financial professionals can take advantage of it. African financial professionals with content creation skills can earn a good income on the video platform. If you can educate and entertain an audience or review a product, consider signing up for a YouTube channel.
Consider advertising on other social media platforms to gain more followers and subscribers as you will earn per view. You can also make money on the platform by promoting financial products and companies or as an affiliate marketer.
Selling Online Finance Courses
According to Neil Patel, selling courses online is very profitable as many creators make a lot of money in a short time. African financial professionals with online course creation skills can build a great business in the industry. African financial professionals can benefit from rapid developments in the e-learning industry driven by education initiatives and learning cost effectiveness.
Consider creating courses with valuable financial market knowledge or teaching publicly owned corporate and personal finance. Also, Udemy, Skillshare, Thinkific, Podia etc. You can sell courses on
Start a podcast
According to Podcast Insights, starting a podcast is a lucrative and quick way to generate income for a better life. Skilled African financial professionals can earn money from sponsors, advertising, coaching and affiliate marketing with a podcast. So if you can keep the storytelling alive to entertain your audience, consider starting a finance podcast.
Your podcast can serve as an educational tool to communicate valuable information to audiences to generate income. Sharing valuable information with the masses is a fast way to make money online without barriers.
African financial professionals can earn a good income by teaching online, as consultants, and by offering freelance services. You can earn money by starting a website or blog, writing and self-publishing a book, and creating a YouTube channel. These proven ways that African financial professionals can make money remotely are lucrative and give you a good income. Now that you know African financial professionals’ proven ways to make money remotely, consider researching each idea before choosing.
*The views expressed in this article are those of a Business Insider Africa contributor. It does not represent the views of Business Insider Africa.
Olayinka Sodiq is a qualified writer with 5 years of technical, analytical and copywriting experience gained from both in-house and freelance gigs. Finance, investments, technology, blockchain, mergers and acquisitions, bankruptcy, etc. She is knowledgeable on the subject.