Archives for August 2010

How To Make Money Online In Kenya, 2010

Facebook.com is currently valued at $15 BILLION! That makes the young founder, mark Zuckerberg an extremely wealthy man at such a young age. What about you? How are your finances doing? You could seethe with envy at Mark, or you could try your own hand at making money online!


Last year, we wrote one of the most popular articles on this website: How to make money online in Kenya. The gist of that article was that advertising as a source of online income may not be the best way to go….that was way back in 2009, though. This is 2010! How does one make money online in Kenya?

This time, we’re going to do it a little different: since last year, we’ve come across countless numbers of Kenyan who are already making money online! So this article will talk about how those people are doing it in hopes of inspiring you to start making money online in Kenya!

1.How we make money online in Kenya

We run www.likechapaa.com and a number of other websites. Of course one of the main goals of running all these sites is for us to make money online. How do we do it?

  • Advertisements – Like Chapaa has these adverts on the side (you see them?). They make us peanuts. Honestly.
  • Consulting – as it happens, a lot of the people who read Like Chapaa tend to email us asking for help in setting up online. We make a tidy some from this. How can you do this? It is not a hard concept: just pick out a topic that you are interested in and know a lot about then start a website to talk about that topic and set yourself up as a “consultant”. It works, trust us.
  • E-commerce – this is unbelievable even to us. DESPITE not having an online shop yet, we do sell a few books from our site Jua More. The lesson here seems to be if you have a website talking about a certain product that people want, then you can probably sell this product to those people. Jua More is a book review site which is still very small yet it already makes some money. Can you replicate this with a site of your own and another product? I bet you can! Just pick out something you have passion talking about (and marketing). I’m thinking things like movies and music, clothing and other such stuff can do pretty well! We even built DukaPress for you so this is super easy to do with no technical skills whatsoever!
  • Web Design – Wambere, one of the founders of Like Chapaa, also runs Nickel Pro which is a web design and development company. Like Chapaa drives a whole lot of customers her way. How can you do this? This is all about marketing, if you offer a service and want to make money online from it, you need to find somewhere (online) where the people who would buy your service hang out and then talk to these people and subtly showcase your skills and experience. They’ll buy.
  • Referrals (Affiliate income) – incidentally, most of the things we recommend you use – akina Freelancer.com, AlertPay, etc – have affiliate programs. This means that if you sign up to those sites after reading about it on Like Chapaa, we get paid. How to do this: this is pretty easy, in my view. You shouldn’t start the process by looking for companies that offer affiliate programs. Instead, look for what interests you. If you love shoes and want to start a website about shoes, you will come to find there are tons of sites out there that will pay you good money to drive people to them. Affiliate programs exist for almost everything under the sun – just find something you love, start a blog/site around it, and voila!

Also see: How to make Money With A Blog.

2. How Other People make Money Online

We realise that we aren’t the only Kenyans making money online (hehe) and so this section is dedicated to everyone else that we have come across this past year.

A. Advertising
Like Chapaa sucks at making money from advertising but these sites do it amazingly well:

  1. Career Point Kenya – this is one of the most visited sites in Kenya and, rightly so, they make a lot of money from Google’s Adsense program. This means that whenever any of the hundreds of thousands of people who visit Career Point Kenya every day click on the Google Ads, the guys running that site get paid. Sweet! To replicate this you just need to build a website that gets huge, HUGE, numbers of visitors and you’ll get paid like you won’t believe. This is not as easy as it sounds, though, and I would caution against betting on advertising as your sole means of earning online.
  2. Bankelele – the ever popular Kenyan blog. I think this is one of the oldest blogs in Kenya. It has only survived this long because the guy who runs it is a master at what he does. Unlike Career Point Kenya, Bankele makes advertising money by selling his own ads at his own price (you get this luxury when you have a site as good as his). Here’s how to do this on your own site!

B. Selling Stuff
Jua More, mentioned above, is just a lucky occurrence. If you want to really make money by selling something tangible (or digital), then you need to look at, and learn from, the guys below:

  • Mama Mikes – Mama Mikes is one of the first e-commerce sites to serve Kenyans. It is a site that excels at selling Kenyan stuff to Kenyans who do not live in Kenya. For example, you can pay power bills for your family in Kenya while living in Spain – or buy them gifts and groceries. Brilliant idea, eh? I think so too. Mama Mikes found a niche market very early on in the game and took it over.
  • Fab Guru – a fascinating business run by a lady off her Nairobi apartment. This is the face of “make money from home”. Fab Guru sells ladies shoes, bags and other items. She particularly excels at marketing her wares on Facebook where she has a large following of “fans”. Fab Guru makes quite a lot and the ingredients seem to be: a)find something to sell (preferably something that you love) and b)find a group of people who love what you have to offer (in this case, Fab Guru didn’t find those people, she built a place for them to come to).
  • Career Point Kenya – these guys have written a book that resonates well with the people who visit their site. I’m not sure of the sales figures, but I’d bet they do very well.

Do you see a trend here? If you want to make money online by selling things, then you need to first find a good product (or products) – something you love working with and which is likely to have a market large enough to support you. Then you need to find, or build, a place where people who would be willing to buy your product(s) can be found. If you manage to do that, you’ll be home free!

C. Freelancing
Of all the ways people make money online, this is the one way used by most of the people we have come across. Quite simply, this is nothing but being a hired hand. That is, being paid to do something for someone because of your expertise, experience or both. Here are examples of Kenyans who are already doing this: Wuogard, Linda Cherotich, Maria Maina and our very own Crystal.

How do you do this? Well, first off you need to be able to do something better than most people can do it. It can be anything, from writing to art, to web design.

Next, you need to build out your portfolio and then try your hand at finding jobs/gigs at some of the more popular freelancer sites such as Freelancer.com.

To put it in a way that it is more easy to relate to, I’ll give the example of Kenyan Freelancer. She’s a brilliant writer. She set up to do business online the smart way: she set up Smurt Notes which is her ‘business profile’ used to ‘seal the deal’ – but that’s not all – she also has a somewhat less formal site, Kenyan Freelancer, which I would say does more of the ‘marketing’. A nice little one-two punch to get her clients.

Seems very do-able, eh? Good luck!

See also: Interviews with Maria Maina, Kenyan Freelancer, and Crystal.

Conclusion
In my personal experience, and as seen and proven above, you can make money online in Kenya by:

  1. Selling adverts on your site
  2. Consulting
  3. Selling other people’s stuff (affiliate marketing)
  4. E-commerce (selling your own things)
  5. Freelancing

I am sure there are more ways through which people are actually making money in Kenya, but the above are what I have actually seen proven. What about you? Are you making money online? No? Need help?

Good luck, and God bless you!

Photo by timbrauhn.

Choose a Boring Industry and Excel!

One of my big irritations (that I do not know how to handle) is when a friend comes up to me and says they have an awesome (often get rich quick) idea. Usually it’s something really stupid that no one is going to be interested in.

Everything thinks they have to invent the Next Big Thing to be really successful (and rich) and it’s just not true, and highly unlikely. Here’s a much better and easier option for you. Pick the most boring industry and do it better than anyone else!

Shoes are Boring
I was reminded of this from Seth Godin’s post on Zappos. In case you don’t know Zappos, they are a web retailer who only sells shoes. Think about that – selling shoes for a living (boring). Not only that, they sell them online, which seems like the worst product to sell online. Everyone wants to try on their shoes to see how it looks and determine whether it fits right. But they went against what most people would think of doing and are doing incredibly well.

Do It Better Than Anyone Else
The reason both of the above examples were so successful is they did it different than everyone else. They went against convention to give clients what they really want. That’s the real key. But I tell you what, I would rather come up with that new idea for a boring product than invent something brand new that will take a ton of money to build and might not even have a market yet.

One way I suggest doing it is create the most efficient, awesome process in your industry. Make it a great experience for your clients because you have refined your processes to the Nth degree. It’s not sexy or exciting, but it will differentiate you from the competitors in the industry.

Remember – no one wants a company that just lays concrete. But if you could be a business owner with a lot of money from that concrete business or a poor owner working around the clock for a new idea, what would you choose?