Did you know it is possible to make money using your mobile phone? If you have a smartphone, keep reading this post that will highlight 6 online businesses on mobile in Ethiopia.
How to succeed at online business using your phone
First, how do you succeed in an online business that you are carrying out using your phone? Remember, the phone has lots of distractions that can keep you from achieving your goal.
- Be consistent – Engage with your customers/clients daily, do posts to promote your business regularly on social media, and keep improving your products.
- Build credibility – Be honest about what you are offering and always share customer reviews, both positive and negative.
- Master the use of digital marketing tools – All social media platforms have digital marketing tools that you can use to promote your business. Learn how to use them effectively.
- Offer exceptional customer service – A happy customer who receives swift responses to their enquiries and complaints will always come back.
- Manage your finances wisely – Track your expenses, separate business and personal finances, and always reinvest your profits.
- Deal with reliable suppliers and delivery companies – Always work with suppliers who have a good reputation.
- Stand out from the crowd – Offer unique products to your customers. Also, give discounts, enroll your customers in loyalty programs, and maintain a strong brand identity.
- Keep learning – Don’t sit back and enjoy your current success. Keep learning new things that can help your business grow by taking online courses, following successful entrepreneurs in your business area, and making adjustments based on customer feedback.
Best Phone Features for an Online Business
For your online business to succeed, you need a phone with these features:
- A good camera at least 13MP or higher and a good front camera
- Large storage (ROM) of at least 64GB or more
- Fast performance (RAM) of at least 4GB
- Strong battery life of 4000mAh or more when working online and fast charging support
- Should support 4G or 5G
- Dual sim support to separate personal and business numbers
- Security features (fingerprint scanner or face unlock)
Here is a list of 6 online businesses on mobile in Ethiopia.
1. Forex Trading
- Forex trading involves buying and selling currencies to make a profit. Traders usually exchange currencies for others based on price movements.
- To succeed as a forex trader, you must first learn the basics of forex trading. After that, choose an online forex trading platform like Exness, XM, or FXTM where you can open a demo account and practice trading without using real money.
- When you are ready to trade, deposit money into your account and start trading using your preferred trading platform.
- Another way to make money is by joining a broker with an affiliate program that gives referral links that you can give to other traders to use. When they trade, you get a commission.
2. Dropshipping
- Dropshipping is an online business model that is becoming popular with people working online. Here, you sell products without keeping them in stock. When a customer places an order, you buy the product from a supplier who then ships it directly to the customer. You earn a profit by selling the product at a higher price than what the supplier sells it at.
- To get started in this business, choose your niche (electronics, beauty, etc.) and then select a platform like Shopify that will host your online store. After this, look for reliable suppliers and set up your online store which must have a reliable and secure payment option for your clients.
- Once you start selling products, promote your store using ads on social media. Also, make sure you keep track of all your orders and customer feedback.
3. Video Editing
- Video editing is one of the 6 online businesses on mobile in Ethiopia. It involves cutting, modifying, and enhancing videos using mobile apps. This skill helps you to create professional videos for social media and business marketing using your smartphone.
- To make money from video editing, approach clients with an offer to enhance the quality of their videos by adding music and sound effects, trimming and cutting them, improving the video quality and style, inserting captions, adjusting the speed, etc. Some of the clients you can approach are content creators, business people, and social media influencers.
4. Content Creation
- There are so many kinds of content you can make using your phone. These include images, blogs, videos, reels, podcasts, voiceovers, etc., all made for social media without using expensive equipment – just a smartphone!
- To make money from content creation, first, identify the niche you would like to specialize in. Next, decide what kind of content you want to focus on – videos, written content, etc. After that, look for clients who are willing to pay for the services you have to offer.
- For example, you can start a blog and monetize it through affiliate marketing, ads, and sponsored posts. You can do freelance content creation where you are paid to create content for businesses.
5. Online Tutoring and Coaching
- Online tutoring and coaching using a phone involves teaching students using mobile apps, video calls, and messaging. You are able to teach, answer questions, and provide guidance to your students using your smartphone.
- Some of the ways you can make money from tutoring are:
- Offering private one-on-one lessons.
- Teaching group classes.
- Creating online courses and selling them through learning platforms.
- Becoming a tutor on a tutoring platform.
- Affiliate marketing, where you create a unique link to your tutoring services that your students can share and earn a commission from.
6. Writing and Designing
- Writing and designing as an online business involves creating written content and designing visuals using various apps on your phone. This is another of the online businesses on mobile in Ethiopia.
- Writing using your phone may include writing blog posts, articles, social media captions, and eBooks. You can offer writing services for clients, start a blog and monetize it, or publish eBooks for sale in your chosen niche.
- Designing, on the other hand, includes creating graphics, posters, presentations, fliers, and logos for sale to clients.
Though starting one of these 6 online businesses on mobile in Ethiopia requires perseverance, commitment, and dedication, the rewards are worth the time and effort!
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