Wednesday, February 28, 2024

8 Highest Paying Online Businesses in Kenya in 2023

As the economic situation worsens, the necessity to have a job or source of additional income in Kenya has become a necessity.

Luckily, the internet has opened up a world of possibilities for anyone looking to make money online.

There are now a wide variety of online businesses that can be started with little or no investment, and the potential earnings can be very significant.

All you’ll need are a smartphone or computer and a source of internet connection to start earning.

1. Freelance services

Freelance services are a great way to make money online if you have skills in a particular area, such as writing, editing, web design, or programming. There are several websites that connect freelancers with clients, such as Upwork, Fiverr, and Freelancer.com.

Businesses you can start without money online (Updated 2019)

The most common freelance jobs in Kenya are article writing and academic writing. Several YouTube channels and web articles are available to guide anyone on how to start any of these businesses.

The amount of money you can make from freelance services varies depending on your skills, experience, and the demand for your services. However, it is possible to earn a perfect living from freelance work. For example, some Kenyan freelancers earn up to Ksh. 100,000 per month.

2. Affiliate marketing

Affiliate marketing is another great way to make money online. With affiliate marketing, you promote other people’s products or services and earn a commission on each sale you generate.

There are a number of affiliate programs available in Kenya, and the commission rates vary depending on the product or service. The most common ones include Jumia, Kilimanjaro, and Kilimall. On these sites, it is not uncommon to earn a commission of 5% to 10% on each sale.

3. Online tutoring

Online tutoring is a growing industry, and there is a high demand for qualified tutors worldwide. If you have a strong understanding of a particular subject, say Physics, you can start an online tutoring business and teach students from all over the world. You can also sign up on sites like Cambly, Chegg, and Upwork, which offer constant jobs for online tutors.

The amount of money you can make from online tutoring varies depending on your subject area, experience, and the number of students you tutor. However, it is possible to earn an excellent living from online tutoring.

4. Forex/Crypto Business

Forex and Crypto trading are two of the most popular online businesses in Kenya. However, these businesses are also very risky, and it is important to do your research before you get started.

If you are successful in forex or crypto trading, you can earn a lot of money. However, you can also lose much money if you are not careful.

5. Social media influencing

Social media influencing is another growing industry in Kenya. If you have a large following on social media, you can start earning money by promoting products or services to your followers.

The amount of money you can make from social media influencing varies depending on the size of your following and the demand for your products or services. However, it is possible to earn a perfect living from social media influencing.

6. Selling digital products

Selling digital products is a great way to make money online if you have a creative side. You can create and sell digital products such as e-books, software, or online courses.

The amount of money you can make from selling digital products varies depending on the quality and demand for your products. For instance, Lewellyn Ouya, a Kenyan TikToker, made over Ksh 400 000 in two months from selling eBooks.

7. Web development

Web development is a skilled-based online business that can be very lucrative. If you have the skills to design and develop websites, you can start a web development business and offer your services to businesses and individuals.

You can learn web development and design from YouTube, Codecademy, Coursera, and other online sites for free.

8. Micro tasks

Micro tasks are small, simple tasks that can be completed online. These tasks can be anything from data entry to writing product descriptions.

There are several websites that offer micro-tasks, such as Remo Tasks, Amazon Mechanical Turk, and Upwork.

The amount of money you can make from micro tasks varies depending on the number of tasks you complete and the difficulty of the tasks. However, earning a decent amount of money from microtasks is possible.

These are just a few of the many online businesses that you can start in Kenya.

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