This post discusses seven simple ways to make money online in Ghana, and all the steps that helps me make over $5,000/mo.
Working a 9 to 5 full-time work has long been the norm, but it doesn't have to be. Because they can tailor their surroundings to their specific needs, 82% of those who work from home report lower stress levels.
Imagine being able to oversee your company empire from the comfort of your couch, dressed in your favorite power suit (your pajamas, obviously). Or maybe you just want to make some extra money on the side; we can help with that as well! This article will help you identify the best ways how to make money online as a beginner.
The Step-by-step Ways to Make Money Online in Ghana
1. Become a Freelancer
If you're just starting out and wondering how to generate money online, freelance work is a wonderful place to start. The idea is simple: you work for yourself, providing whatever talents and information you have to people that need it. While you do not have the stability of a monthly salary, you do become your own boss in a certain discipline, free of the constraints of a full-time contract.
As a freelancer, your options for roles are virtually limitless. You'll certainly find a freelance position that matches your skills, interests, and experience, ranging from writing and marketing to graphic design and administrative support.
You can start your freelance work Fiverr, Upwork or Freelancer.com.
2. Start a Blog
Blogging is an ideal method to think about how to make money online in Ghana, and there are numerous excellent (free) blogging sites to explore.
You can blog about almost anything, but the most popular types of blogs in 2022 are:
- Food blogs
- Travel blogs
- Health and fitness blogs
- Lifestyle blogs
- Fashion and beauty blogs
It will take time and determination to build your audience (as well as some knowledge of SEO best practices), and after you've done that, you can start making money online in Ghana with your blog.
When your blog has a lot of traffic, you can start selling advertisements and backlinks or conduct some affiliate marketing.
When your audience starts wanting more, you might develop a product or service to sell through your blog.
For many years, blogging has been a go-to approach for online entrepreneurs. While creating a profitable blog might take years of hard work, the financial advantages are well worth the time and effort. Webmasters in any niche can earn a sizable passive income through sponsored posts, digital adverts, and affiliate marketing (more on this later).
Another benefit of beginning a blog is that it is low-risk. Basic web hosting packages cost a few dollars each month, and the rest is sweat equity. Platforms like WordPress also make the design process simple, so you don't have to be a graphic design guru to build a modern and eye-catching blog. It's very easy to start a blog today with just a domain name and web hosting.
3. Dropshipping
Dropshipping is a low-effort method of making money on the internet. Because you aren't creating, storing, or transporting the products yourself, this e-commerce company model features low starting and overhead costs.
Here’s how it works:
- You design an online store where you sell products
- When you receive an order, you forward it to your supplier
- The supplier ships the product to the customer
Customers pay a retail price for the item, whereas your supplier charges a wholesale price.
So, if a consumer pays you $10 for a product and you send it to your supplier, who charges you $5 to fulfill it, you'll make a $5 profit.
Dropshipping involves relatively little effort from you aside from running and marketing your internet store.
If you want to get started with dropshipping right away, you can use Shopify or WordPress. Start by purchasing a domain name and web hosting from Hostinger or NameHero, and then begin building your WordPress site.
Learn how to start dropshipping today!
4. Start Affiliate Marketing
Affiliate marketing entails promoting an individual's or a brand's products or services in exchange for a commission. So you get paid every time someone buys through your referral! The main challenge with affiliate marketing is twofold:
You must first create a following, and then cultivate a relationship with them in which they both trust and want to hear from you. Neither is simple, especially in a world where people are sick of spam, snake oil sales, and mass marketing. Affiliate marketing is completely feasible and, when done correctly, can be extremely profitable.
You promote a product and recommend it to your target audience, who subsequently buys it through your affiliate link.
To be an effective affiliate marketer, you must believe in the product you are promoting, or your link will be ignored.
If you want to start affiliate marketing, you can begin with systeme.io to promote your products. Affiliate marketing is one of the simplest ways to make money online in Ghana.
5. Start a YouTube Channel
Keeping with the concept of content creation, YouTube is another wonderful source of money for anyone who enjoys being in front of a camera. The YouTube Partner Program allows producers to monetize their channel with sponsored adverts after collecting 1,000 subscribers and 4,000 legitimate public view hours in the previous 12 months. As your channel expands, you may be able to attract sponsorship opportunities from brands that will pay you to market their products/services.
Aside from sharing your expertise, there are numerous categories for which you can make material on YouTube.
The top five YouTube genres at the time of writing are:
- Commentary
- Product Reviews
- How-To’s/Tutorials
- Top Lists
- Comedies
To increase your subscriber count, always include a strong call-to-action at the end of your videos: “Don't forget to like, subscribe, and comment if the video was helpful”.
You should also make videos that are longer than 10 minutes, write engaging video titles, and respond to every comment.
You can also utilize your YouTube channel as a platform for other methods of making money, such as affiliate marketing or to sell your items on your online store.
Again, this does not occur overnight. However, prospects to generate money online for creative individuals who enjoy film-making do not get much better. Similarly, YouTube's massive popularity makes it extremely simple to attract visitors. YouTube is also one of my favourite ways to make money online in Ghana.
6. Start an online course
One of the best ways to make money online is by selling courses. You can monetize your knowledge as an expert in a field by offering online courses.
You can sell your course on through many online course platforms or through a course marketplace like Udemy to host courses online.
The platform where you sell your course will impact how much money you make. If you sell your course on Udemy, you don't need to do much to advertise it but you don't get enough money as they also take part of your earnings and cannot build an email list to send them emails. Perhaps you could promote it on various blogs or social media networks. Nevertheless, if you use online course platforms like Teachable, you may want to run ads to promote it. You will be able to build an email list to promote future courses without having to spend on marketing.
Take inspiration from trending courses in your niche to develop a popular and successful course. Then read the reviews to learn the positives and negatives to improve yours. What are the aspects that people like, and what do they dislike? How can you make something better than what has already been made? Concentrate on developing content that addresses the most common complaints while imitating the positive features that people love.
7. Invest in Stocks or Cryptocurrency
Investing in stocks or cryptocurrency is another helpful method to make money online in Ghana. If you aren't an expert at picking stocks or crypto, you might want to pass on this money-making opportunity. While it has the largest potential rewards, it can also result in financial loss if you are inexperienced.
Becoming a stock or cryptocurrency investor is an excellent method to generate passive income. Begin by purchasing stock in a company and selling it when its value rises.
Starting out can be complicated, however, there are lots of blogs and YouTube channels that provide stock and crypto investment tips. They frequently offer opinions, advice, and tactics for stock and crypto trading.
It can be helpful to watch videos of market news and trading reviews by stockbrokers and crypto investors. Among the many crypto and stock trading channels to watch for the latest news in stock and cryptocurrency investing are Coin Bureau, BitBoy Crypto, Rayner Teo, and Benjamin Cowen. You can follow our YouTube channel for more crypto content to help you.
Read More: How to Buy Bitcoin in Ghana with Mobile Money
The simplest way to acquire stocks is through an online stockbroker who facilitates transactions. Here are some of our favorites:
- BINANCE: Offers a wide range of crypto investment products, with very low fees compared to other crypto exchanges.
- PAXFUL: An easy platform for easy buying and selling of cryptocurrencies.
- EXNESS: The best stock and trading platform in Ghana with a good margin to trade in any stocks, forex and cryptocurrency product.
- E*TRADE: Ideal for long-term investors looking for a zero minimum deposit.
Conclusion
These ideas will enable you to leave the grind, whether it's a side business or your primary source of income. Consider performing two or three of them for the best results, however, they do work best when done together.
Keep in mind to thoroughly research your options and exercise patience when using them. Get ready to work now that you know how to make money online in Ghana.
Go ahead and start to make money online in Ghana right away!
