Uganda remains a destination in Africa and it is famously known as the “Pearl of Africa”. This name conveniently wraps up all the good things about Uganda in three simple words.
Uganda as a nation sparkles with natural riches and melts with unique native and foreign cultures.
The people of Uganda possess a beautiful, generous, and resilient soul—going through years of civil wars and political power struggles but still welcoming all kinds of people to their lands.
Despite the country’s challenges, Uganda maintains an open-door policy to refugees based on traditional African hospitality.
UNHCR and Global Citizen have recognized Uganda as the most welcoming country for refugees.
Uganda remains modest enough to retain over 20% of its land in wildlife reserves. The digital economy provides an opportunity for people born and living in Uganda to make money online.
Why should You Start an Online Business In Uganda?
Uganda’s outstanding features are the largest freshwater lake on the continent, the source of the longest river, the strongest waterfall, the largest number of primates, and the highest number of mountain gorillas worldwide.
Uganda is also categorized as a developing nation with little of its economy yet to be as industrialized as its counterparts in South Africa and Nigeria.
Anyone can take advantage of this and build an online business. Here are some of the reasons why you should start an online business in Uganda.
1. Work on Your terms.
With a GDP Per Capita of less than $856, building an income in Uganda makes it a bit tough. So it makes sense to build an online business earning in a different currency than the Uganda Shillings.
Starting an online business in Uganda enables you to earn in top currencies like US dollars which are higher when converted to the local currency of Uganda.
2. You Become happy.
Assuming you start an online business that’s related to your passions and interests, you’ll be happier overall in life just by combining work and play.
Most times you may not like your 9 -5 job, but one alternative that guarantees you income is to start an online business.
3. Be location-independent.
Working online gives you the flexibility of being anywhere you want. You can work and travel at the same time.
Live wherever you want and Setup up your workstation on the beach, be in nature. This ability to work from basically any place you want to makes it so much easier.
4. There are no limits, no income roof, and infinite opportunities.
One benefit attached to working online is the fact that you get to earn limitlessly, you can go from just earning a few thousand Uganda Shillings to raking in Billions of Uganda Shillings in just a few years.
Many online businesses are very scalable and don’t have a lot of bottlenecks with production or logistics. All you need is a Laptop, an active internet connection and a comfortable workstation
5. You can start your online business anytime.
Starting an online business does not require extra training or education, all you need is to learn by doing and don’t allow excuses to get in your way.
Any information and resources you need to run your business can be learned easily by using Google or surrounding yourself with people who are relevant to your passion.
An easy business is to start an affiliate marketing website and get commissions from products you recommend to your audience.
6. You Become independent.
Starting and scaling an online business enables you to earn passive income which makes you independent.
You will create your world and rely purely upon yourself, which by the way is a very amazing feeling. Your belief systems will try to limit you, but if you understand how it works, you can remove the limits for yourself.
7. Get more time for other things in life.
Building an online business allows you to devote time to another project, remember that having an online business means establishing passive income for yourselves.
By running your own business, and relying fully on yourself, you’ll get a new perspective on time. You might find yourself stopping watching TV, and doing more things that you enjoy.
8. Connect with other bright business owners.
While starting an online business, you get to meet like-minded people who have done the same thing as you did and have succeeded, they also tell you some of the pitfalls they had which you should take lessons from.
9. Get more insight into how to run a big business.
If you want to take the big step and start being your boss, online businesses are usually an easier place to begin.
Affiliate marketing, for instance, might just be a good start, since it doesn’t need any larger investments, also you can start right now.
How Do You Make Money Online In Uganda?
The Phillipinesis the 13th-most populous country in the world, home to more than 108 million people and still growing.
Starting an online business in Uganda has many advantages. The startup costs are generally a lot lower than opening a brick-and-mortar store, and online businesses give you the freedom to access a far wider market.
As long as you know how to use technology to run your business, and you have a strong business plan, starting an online business presents many excellent opportunities. Here are some of the viable online business ideas anyone can start in Uganda.
1. Start a blog.
Starting a blog remains the easiest way to make money online and to build the sort of freedom that not many jobs can give you.
You don’t have to be an expert or a professional writer to start a blog. Your readers are looking for personable advice.
As long as you can help them and be relatable, you can become a successful blogger. You can decide to monetize your blog using Google Adsense, Affiliate marketing and many more.
I wrote a comprehensive guide on how to start a blog and become successful. Check out the link to the article to learn more.
2. Start an Uber Business.
Uber is a transportation network company located in San Francisco, California. The Uber platform is estimated to have over 100 million users in different parts of the world, and Uganda is not left behind.
If you are a licenced driver then you can easily make money from Uber by driving people around your city.
I wrote a comprehensive guide on how you can start and scale your Uber business in Nigeria, but tips can also apply to Uganda. Check out the link to the article to learn more.
3. Start a YouTube Channel.
YouTube presents you with an opportunity to reach a massive audience with over 75% of Americans who use the social video site, compared to 69% who use Facebook.
More than half of those users visit YouTube every single day. Wouldn’t it be nice if they took a look at your content while they were there?
Luckily, creating a YouTube account isn’t difficult. Creating a successful YouTube channel is a little more work but don’t worry.
I wrote a comprehensive guide on this blog to help you overcome these challenges. Check out the link to the article to learn more.
4. Get tech Skills and work remotely.
Next is to get a high-demand tech skill, become certified and start making money with it. For instance, if you’re coming from finance, banking, or accounting, a FinTech company could be a natural fit.
There are plenty of new opportunities in the space, from cryptocurrency jobs to finance and many more.
If you can crunch numbers and have good regulatory knowledge of the industry, you’ll be off to a good start.
I wrote a comprehensive guide on how you can get started in tech with no experience and make money. Check out the link to the article to learn more.
5. Become a Web Developer.
The primary job of a web developer is to create websites. While their primary role is to ensure the website is visually appealing and easy to navigate by end users.
There are various categories of web developers and they are back-end developers, front-end developers, and full-stack developers.
Some web developers also work as webmasters. Back-end web developers create the unseen parts of the websites such as Databases and security.
I wrote a comprehensive guide on how you can become a web developer and become successful. Check out the link to the article to learn more.
6. Start an Ecommerce Business.
An eCommerce business is a business model where the buying and selling of goods or services are done over the internet.
Retail eCommerce sales worldwide are nearly reaching nearly $5 trillion in 2021, which makes it an ever-green industry.
The first step to building an e-commerce store is knowing what products you want to sell direct-to-consumer.
Next is to build a visually appealing website and finally promote it to end users. I wrote a comprehensive guide on this blog on how you can start an eCommerce business and become successful. Check out the link to the article below to learn more.
7. Start an Affiliate Marketing Business.
Affiliate marketing is the process of earning commission from recommending a product or service offered by another business.
As a business model, affiliate marketing is highly profitable because the business pays you for every referred sale.
Another point you should note is that affiliate marketing is a business model built on recommendations, which makes it a low-risk investment.
Businesses only need to pay out when you make a successful referral (versus paying a fee for influencers).
You can work from anywhere in the world. If you’ve ever dreamed of living the digital nomad life, affiliate marketing can help you call anywhere in your workplace.
I wrote a comprehensive guide on how you can start an affiliate marketing business and become successful. Check out the link to the article below to learn more.