Home Africa News 5 Ways To Escape Poverty In Africa By Just Using Your Phone

5 Ways To Escape Poverty In Africa By Just Using Your Phone


5 ways to escape poverty in Africa by just using your Smartphone

In recent years, mobile phone penetration in sub-Saharan Africa has increased dramatically. According to the most recent report from GSMA, an association of mobile network operators worldwide, there are 747 million SIM connections in sub-Saharan Africa, representing 75% of the population. In South Africa alone 91% of South African adults own mobile phones, with 51% of adults owning smartphones and the remaining 40% having feature phones. Smartphones have revolutionized the way many people do business, communicate and earn money, hence creating an equal opportunity for everyone across the globe to make money online, it is now possible than ever before to earn more than a $1000 a day with just your smartphone with an internet connection. However, despite all these opportunities brought by smartphones and the internet, It is sad and unfortunate that millions of Africans have failed to seize and capitalize on this opportunity, to elevate their livelihoods.

The average poverty rate for sub-Saharan Africa stands at about 41 per cent, and of the world’s 28 poorest countries, 27 are in sub-Saharan Africa all with a poverty rate above 30 per cent.

Instead of spending hours on Twitter, Facebook, chatting with meaningless friends and looking for dates, in this article am going to teach you some of the many ways in which you can make money online and transform your life by just using a smartphone.

Escape Poverty By Using Your Smartphone

#1 Investing online via Investor applications

Traditionally for you to make a trade you would have to call a stockbroker (and then pay a steep commission), but now, times have changed, thanks to the ever-growing technology, all you can do now, is to pick up your smartphone, tap your screen a few times, and trade almost instantly—often for free or at a relatively low cost.

An investor application (or investor app) is a mobile application designed to distribute information about publicly traded companies. It can provide general investor information or be company-specific.

There are two types of investor apps: Native investor apps and HTML5 investor apps. Most investor apps offer access to public company content such as stock quotes, corporate materials, fact sheets, presentations and marketing materials as well as information sharing through social media channels and email

Below are a few investor application you can download and start trading instantly at very low costs

TD Ameritrade: Best Overall

Fidelity: Runner-Up

Ally: Best for Beginners

Webull: Best Free App

Acorns: Best for Automated Investing

SoFi: Best for Learning About Investing

#2 Sell Photos on Foap

Foap is a free app that lets you sell your photos. Businesses and well-known brands often buy images for commercial use. They might need photos to advertise their products, use on their website, or include in company brochures. The Foap app brings your photos to the attention of potential buyers from all over the world. If you have the kind of images they need, you’ll be in with a chance of making a sale!

Photos that you upload to your Foap profile sell for $10 each on the marketplace. Foap takes a 50% commission. So you’ll end up with $5 for each photo sold.

#3 Sell Products Online via Etsy

Try selling DIY designs and crafts on Etsy if you’re a skilled maker. An Etsy shop is free to operate, and you can make real money with the platform. Once your registration is complete, you can start posting photos of your works, and people can purchase your products.

There is no limit to what can be sold on Etsy, but make sure that you can send your goods to other countries, as many buyers are likely to be in the EU or North America.

A PayPal account is important to have and also a popular payment choice so that customers can pay you quickly. Take nice pictures of the items to help draw purchasers into a sale. Make sure that you have good customer service as well, or you won’t be selling on the platform for very long!

#4 Forex Trading

Until recently, trading required you to spend several hours in front of a computer or laptop each week. Thanks to smartphones and tablets, these days you can trade from anywhere with a good internet connection. It is fair to say that in 2020, both Android and iPhone are great OS’s for trading Forex. It will simply come down to preference. You do not need a top of the line smartphone for trading. When it comes to specs, even low-end modern smartphones are more than powerful enough for mobile trading. Read more on Forex trading for beginners .

#5 High Ticket Closing

High Ticket Closing is a professional skill that helps companies and influencers to close their premium products and services (more than $3,000) over the phone. A High Ticket Closer is a trained professional who can work with these companies and influencers to double or even triple their sales.

Undeniably, closers are indispensable assets for businesses to scale to the next level. They are the rainmakers who bring in the revenue in high success rates. They are the people who eventually turn products and services into profits and value. Read more on how to become a high ticket closer>chaosafrica


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