Whether you currently live in Africa or are heading there, relying only on your salary is never a good idea. What will happen if you suddenly lose your job? Hence the need to find a side occupation to supplement your income.
Here are the four side-hustles we recommend:
1. Livestock farming
If the farming lifestyle doesn’t scare you off, this is a good way of earning good cash faster than by growing crops. Try to focus on animals for which the demand is high. And of course, you will need some investment ( livestock and costs of care, a proper location, transportation costs, a few employees, etc.)
Make sure you can easily find clients, preferably tradesmen who will buy your whole stock every time. Otherwise, you could very quickly be sitting on a lot of unsold stock. And trust me, having to deal with unsold animals is way harder than anything you can imagine.
2. Consulting / Freelancing
This is another very lucrative side job which does not require as much implication and time as the previous one. To get a consulting job, you need to research a few big companies, organisations, and even internet websites, and see if they have contract jobs to offer.
This is better-fitted for people with very specific skills. So make sure you have the expertise required before applying.
Also, unless you’re given a long term contract, this is usually not a secure employment.
3. Export Business
If you are able to sell anything appealing to tradesmen outside of your country, this could produce a great profit and create a lasting relationship between you and your foreign clients.
Just make sure you don’t start investing your money for this business before finding the right clients or you could be left with a load of unsold stock on your hands for a long time.
4. Import Business
Another great opportunity would be to find a few high demand products that can be purchased in foreign markets (it could even be a neighbouring country) and import them in your homeland. This could result in instant sales, especially if they are hard to find.
First, make sure the costs related to purchasing the goods are worth it. Nowadays, with the internet, you don’t necessarily need to travel. You can sometimes order them by the internet. Or you could find someone who already goes there, for trade or pleasure, and make a deal with him.
So make sure you assess all the possibilities before starting.
Secondly, make sure, once again, that you have a sure way of selling the merchandise BEFORE your purchase it. If you don’t want to stress yourself over looking for retail clients, you could make a deal with a few traders in your country and even get an advance in some cases. Or why not open a little store and hire a few employees?
There are of course other side incomes you can think of, such as opening a small taxi company, a nail salon, etc., but no matter what you decide to do, make sure you weigh the pros and cons. And also remember that if you ever fail, just work harder and smarter like a true hustler would 😉