There are incredible opportunities for Africans in 2022 to increase their income, despite the Covid-19 pandemic. Are you looking at easy ways to make a living in 2022? Take a look at the following options. These ideas can certainly be used to make some money, regardless where you are on the African continent.
- Dropshipping
Africans could make a great income by dropshipping, estimated at $128 million as of 2020. According to Market Data Forecast, dropshipping could see a 32% CAGR from 2021 to 2026. There are many opportunities in dropshipping for Africans who want to make their money in 2022.
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Dropshipping, an online business model that generates high income for African entrepreneurs, is possible. Statistics show that eBay dropshippers earn $2.67 per sales order. Dropshipping lets you direct the delivery from the manufacturer to retailers. This inventory-free business allows you to sell everything, from fashion to beauty, pets, and even beauty products.
- Freelancing
Are you looking to make a decent salary using your skills? There’s no better way to make money remotely than by freelancing. According to research, the average hourly wage for freelancers is $20 in the US. The study further revealed that 60% of freelancers quit full-time work to find gigs that made more.
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For a desirable income, Africans may be able to show their skills on freelancing platforms. Many platforms offer opportunities for Africans to develop, program, or write. Freelancers earn money to complete projects with a specified scope and deadline.
- Cryptocurrency
Forbes reported that the African cryptocurrency market saw a 1,200% increase in value over the past year. Potential investors will find many opportunities to make money in the market. With cryptocurrency, you can earn money through investing, trading, mining and lending.
Data shows that crypto trading volumes peaked several times between 2021 and 2023. Both January and February saw higher numbers than October and September. Be sure to do your research before investing in crypto. Despite cryptocurrency’s many risks, African investors and traders have still made money.
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- Course creation
A global market analysis report has shown that the eLearning industry can be a very profitable business. In 2020, it was estimated to have reached $250 billion. A report forecasts a CAGR more significant than 21% between 2021-2027.
Africans who sell valuable online courses could make a fortune. “Content is the key to e-learning, and Africans should not be denied the opportunity to earn through content creation using affordable resources for hosting courses.
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- Transportation and Logistics
You can make good money in 2022 if you have solid logistics and transportation knowledge. Africans can buy goods and services across the continent, regardless of national borders. Logistics companies oversee the transport and storage of goods and other services within a supply chain. Transportation of goods from the manufacturer to their final destination can help you make money.
- Agriculture
Africa’s most important sector is agriculture. Sub-Saharan Africa accounts for 14% of gross domestic product (GDP). Agriculture is a highly lucrative business that offers Africans a great opportunity to make a living. You can specialize in farming or sell farm produce as either a wholesaler/distributor. Making money in agriculture is easy with farm produce like rice, beans, millet.
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- Tutoring
Africans can earn money tutoring from home or in person. A report from the United Nations Educational, Scientific and Cultural Organization, UNESCO, stated a global shortage of teachers. According to the report, almost 69 million teachers are needed worldwide to meet the 2030 education targets. To help bridge the education gap, Africans could tutor to make their living. You can tutor at your rate and schedule lessons.
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Conclusion
It would help if you now considered both the risks and the rewards when you are making your New Year’s resolutions. Research is essential before investing in capital, especially in agriculture or cryptocurrency. Instead of investing blindly, develop an investment strategy that rewards you. Be sure to choose a trusted exchange and pay attention to scammers. Before you invest, review the price history and circulating supply. Also, take a look at community activities.
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I hope that helped.
Best Regards,
Ajjay Kumar Gupta