Are you looking for ways to make money on the side? Trying to get a few extra thousand Rands in your pocket every month? South Africa offers amazing opportunities for anyone interested in starting a side hustle.
Whether you’re an experienced creative looking to jumpstart your own business project or an ambitious professional eager to supplement their income with new revenue streams, this article will provide you with some great ideas and tips on how to start making extra cash. Read on and discover the best side hustle ideas in South Africa!
What is a good side hustle in South Africa
With the growing trend of online businesses, there are plenty of options for start-ups today. Whether you’re tech-savvy or not, there is something out there for everyone.
You could start an online business by running an online store and offering products to customers nationwide. Or if you have any specialized services, services such as tutoring or design work, why not start selling them?
There are many opportunities available to those looking to start a side hustle in South Africa – it’s just a matter of deciding on what kind of venture will suit you best.
What is the best side hustle
It’s difficult to determine the best side hustle, as it can vary greatly depending on an individual’s skills, interests, and resources. However, there are clearly popular side hustles that people often explore, these ventures include
- Freelance work, such as graphic design, writing, or web development
- Selling products online, such as through e-commerce platforms like Planet54, Etsy or Amazon
- Driving for a ride-sharing service like Uber or Lyft
- Providing pet-sitting, training or dog-walking services
- Offering photography or videography services
- Tutoring or teaching a skill, such as a foreign language or musical instrument
- Starting a blog or YouTube channel and monetizing it through advertising and sponsorships
- Doing odd jobs for people in your community, such as yard work or cleaning services
The most successful side hustle is one that aligns with your skills and interests and can be sustained over the long term.
What side hustle can I start
If you’re looking to develop a new side hustle and make some extra income, why not develop a skill that solves a problem?
There’s an abundance of opportunity when it comes to the gig economy, from freelance writing, crafts, and couture, to coding! By specializing in one particular niche or skill, you can make yourself an expert in a field and capitalize on its potential.
The possibilities are endless – with the right attitude and know-how, you can develop a substantial side gig that’ll help supplement your income.
What do people buy most
The most popular items that people buy in South Africa vary depending on factors such as income, region, and personal preferences. However, here are some of the most commonly purchased items in the country:
- Food and Beverages: Food and beverages are essential items that everyone needs, and they are one of the most purchased items in South Africa. South Africans love meat. Beef, chicken, and lamb are popular choices. Other popular food items include maize meal, rice, and vegetables.
- Clothing and Footwear: Clothing and footwear are also popular purchases in South Africa, with many people buying both formal, sports and casual clothing.
- Consumer Electronics: The demand for consumer electronics, such as smartphones, laptops, and televisions, is high in South Africa.
- Household Appliances: Household appliances such as washing machines, fridges, air fryers, and stoves are in high demand, especially in urban areas.
- Personal Care Products: South Africans are becoming more health-conscious, and there is a growing demand for personal care products that are sustainably manufactured, such as skin care items and hair care products.
- Vehicles: Owning a car is considered a necessity for many South Africans, and there is a high demand for both new and used cars.
These are just some of the most commonly purchased items in South Africa. Individuals’ preferences and buying habits can vary greatly depending on factors such as age, income, and location.
According to Stats SA’s Living Conditions Survey, the biggest household expense was allocated to housing and utilities, which accounted for 32.55% of the expenditure, while transport came in second at 16.29%. Additionally, households, on average, spent more on recreation and culture (3.81%) than they did on education (2.45%).
Which business is always in demand in South Africa
There are several businesses that are always in demand in South Africa, here are some examples:
- Healthcare Services: The demand for healthcare services is always high in South Africa. There is a need for quality medical services, especially in rural areas. Starting a business that provides healthcare services like home-based care, medical facilities, or specialized medical treatment is always in demand.
- Education and Training: Education is an essential aspect of life, and the demand for quality education is always high. Starting a business that provides education and training services, such as tutoring, online courses, or vocational training, can be a profitable venture.
- Food and Beverage Industry: The food and beverage industry is one of the most popular and always in demand businesses in South Africa. With the increase in population and the growth of urban areas, there is always a need for food and beverage businesses, such as restaurants, cafes, and fast food outlets.
- Renewable Energy Services: With the increasing focus on renewable energy, businesses that provide solar power solutions, energy-efficient appliances, and other green energy services are always in demand in South Africa.
- Digital Marketing: As more businesses shift to online platforms, the demand for digital marketing services is increasing. Starting a digital marketing agency that provides services such as search engine optimization (SEO), social media management, or content marketing can be a profitable venture.
These are just a few examples of businesses that are always in demand in South Africa. Starting a business that caters to a specific need or demand in your area or community can also be a successful venture.
What are low-risk businesses
There is no such thing as a completely low-risk business. Starting a business always involves some degree of risk, even if it is small. However, some businesses are generally considered to be less risky than others, here are some examples:
- Service-based businesses: Service-based businesses, such as consulting, tutoring, and freelancing, are generally considered to be less risky because they have lower startup costs and can be operated from home.
- E-commerce businesses: E-commerce businesses, such as online retail stores or dropshipping businesses, are becoming increasingly popular and have lower overhead costs than brick-and-mortar stores. However, they do require a strong online presence and a solid marketing strategy to be successful.
- Home-based businesses: Home-based businesses, such as baking or gardening, can be started with minimal startup costs and can be operated from home, which reduces the need for rent and other expenses.
- Franchises: Buying a franchise can be less risky because the business model has already been established and tested, and the franchisor provides support, training, and a recognized brand name.
- Online marketplaces: Starting an online marketplace, such as a peer-to-peer rental platform or a service marketplace, can be less risky because the business can be started with minimal upfront costs and has the potential for high scalability.
These are just a few examples of businesses that are generally considered to be less risky. However, it’s important to note that any business venture requires thorough research, planning, and careful execution to minimize risk and increase the chances of success.
What can you buy cheap and sell high?
Buying low and selling high is the foundation of many successful businesses. Here are some items that you can consider buying cheap and selling high in South Africa:
- Second-Hand Goods: South Africa has a thriving second-hand market, and you can often find items for sale at very low prices. You can buy second-hand goods such as clothing, furniture, and electronics, and resell them at a higher price.
- Craft Items: South Africa has a rich cultural heritage, and there is a growing demand for authentic, handcrafted items such as jewelry, pottery, and woven textiles. You can purchase these items from local artisans at a low price and resell them for a profit.
- Import Goods: Some items are cheaper to purchase overseas and can be sold at a higher price in South Africa. These include items such as electronics, clothing, and accessories.
- Specialty Foods: South Africans love specialty foods, such as imported cheeses, chocolates, and other luxury food items. You can purchase these items at a low price and resell them to specialty food stores or directly to consumers.
- Wholesale Items: You can purchase items in bulk at a low price and resell them at a higher price to smaller retailers or individual consumers. Wholesale items can include household items, clothing, and electronics.
It’s important to research the market and competition, find reliable suppliers, and determine a profitable pricing strategy before buying and reselling any items. Additionally, you should comply with all legal and tax requirements to avoid any legal issues.
How to make money online in Africa
Ultimately, your ability to start a business is limited by how much you can invest in the business. If you don’t have enough capital and resources you might simply be blocked from entering certain markets. If you’re a young entrepreneur in Africa and you feel limited by various barriers to markets you should strongly consider an online business model. These businesses offer you the flexibility and low costs you need to try and test new markets for your businesses.