According to Economic Times, online tutoring is a lucrative business idea with endless lucrative opportunities. African finance professionals who can teach students in online courses can benefit from this rewarding industry. With thousands of people opening their doors to new areas, many of whom want to gain financial knowledge, you can earn a decent income by sharing your expertise.
You can start an online tutoring business on YouTube or partner with other tutoring companies to generate additional income. Consider leveraging social platforms for advertising and put a price on your sessions. Besides, you can also earn advertisements and collaborate with other businesses.
Become a financial consultant
According to Smart Asset, financial advisors identify the most suitable investments and offer investors personalized advice on wealth creation. African finance professionals can earn a decent living by sharing their knowledge and expertise in the financial sector.
This idea is for you if you can guide investors through financial planning, guide insurance decisions, and identify lucrative investments. You get paid by advising clients to buy and sell stocks, bonds and other assets. Also, you can earn money as an independent contractor or work for multiple companies with different clients.
Offer freelance services
According to Financial Wolves, becoming a finance freelancer is the easiest way for finance professionals to make money remotely. African finance professionals can earn a decent income with many companies seeking finance talent with contract and full-time roles.
Web platforms like Upwork, Fiverr, Freelancer and Toptal offer lucrative money-making opportunities for finance professionals, and Africans can benefit from them. Consider signing up and following the proper registration process and showcasing your skills. These platforms have sections where you discuss your experience and expertise to help the right clients find you.
Start a website or blog
According to WordPress Beginner, starting a website or blog is profitable and a perfect way to earn a decent income online doing what you love. A financial blog presents opportunities to make money but requires effective strategies for successful results.
African finance professionals with excellent writing skills can make money by educating the public about personal finance or spending on a website. You can make money blogging through affiliate marketing, advertisements, sponsored posts, and flipping websites. Advertising being the main source of passive income for website owners, there is no limit to what you can earn.
Write and self-publish a book on finance
According to The Balance Small Business, self-publishing a finance book is lucrative because many authors receive 40-60% royalties from the sale of a book. Regardless of your level of experience, platforms like Amazon and Smashwords provide African finance professionals with decent opportunities to earn money.
Beginners can write about credit, investing, saving, taxes, debt, and budgeting. Additionally, seasoned finance professionals can share their investment banking, mergers and acquisitions, venture capital, and more. African professionals should embrace writing and self-publishing a book for its passive income opportunity.
Start a YouTube channel
According to Shopify, YouTube is the platform to unlock your earning potential, and finance professionals can benefit from it. African finance professionals with content creation skills can earn a decent income on the video platform. If you can teach and entertain an audience or evaluate 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. Moreover, you can earn money on the platform by promoting products and financial companies or as an affiliate.
Sell finance courses online
According to Neil Patel, selling courses online is very profitable because many creators make a lot of money in a short time. African finance professionals with skills in creating online courses can build a great business in the sector. African finance professionals can benefit from the rapid developments driven by training initiatives and the profitability of learning in the e-learning industry.
Consider creating courses with valuable information about financial markets or teaching the public about business and personal finance. Additionally, you can sell courses on Udemy, Skillshare, Thinkific, Podia, and more.
Start a podcast
According to Podcast Insights, starting a podcast is lucrative and a quick way to generate income for a better life. Skilled African finance professionals can earn money through sponsoring, advertising, coaching, and affiliate marketing with a podcast. So if you can keep telling stories to entertain your audience, consider starting a finance podcast.
Your podcast can serve as an educational tool to communicate valuable information to the masses to generate revenue. Sharing valuable information with the masses is a fast way to make money online without barriers.
African finance professionals can earn a decent income through online tutoring, becoming consultants and offering freelance services. You can make money by starting a website or blog, writing and self-publishing a book, and creating a YouTube channel. These proven ways by African finance professionals to make money remotely are lucrative and earn you a decent income. Now that you know the proven ways African finance professionals can make money remotely, consider researching each idea before selection.
*Views expressed in this article are those of a Business Insider Africa contributor. It does not represent the views of the Business Insider Africa organization.
Olayinka Sodiq is a skilled copywriter with technical, analytical and writing experience gained over 5 years of in-house and freelance gigs. He is versed in finance, investments, technology, blockchain, mergers and acquisitions, bankruptcy, etc.