Vietnam is slowly becoming a hot travel destination. Although it may not be considered one of the “must-see” countries by some, Vietnam still has a lot to offer travellers.
If you are a coffee lover, you may be surprised to discover that Vietnam is the second largest coffee exporter in the world today, after Brazil.
Coffee was first introduced to Vietnam by the French and planted in highland areas in the 1800s with annual production capacity reaching at that time only about 80 tones.
Coffer production continued to increase after the Vietnam War. In recent years, Vietnam has produced more than 1 million tonnes per year.
Do you want to make money online in Vietnam? This article has been written to help you do so with ease.
Why should I Start an Online Business In Vietnam?
One of the biggest reasons, if not the biggest reason, why making money online is awesome is that your income potential is nearly limitless.
Making money online in Vietnam becomes even more fantastic because you get to build your dream life.
If you are skilled and intelligent, you can make more money in one month than many people make in an entire year working at a normal offline job.
Here are a few reasons why you should start an online business in Vietnam.
1. You earn in a stronger currency.
Starting an online business in Vietnam enables you to earn in top currencies like US dollars which are higher when converted to the Vietnamese dong.
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. You Become 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 dollars to raking in Billions of dollars 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 the chance to do other things you want in life.
How do I Make Money Online In Vietnam?
Starting an online business in Vietnam has many advantages. Here are some of the viable online business ideas anyone can start in Vietnam.
1. Start a blog.
Starting a blog remains the easiest way to make money online and build the 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 Vietnam 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 Vietnam. 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. Some of these skills include software engineering, Digital marketing and many more.
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 create a visually appealing website and finally promote it to end users.
I wrote a comprehensive guide on this blog on how to 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.
8. Become an Online English Teacher.
Vietnam is not fully an English-speaking country, hence the need for an English tutor. One of the great things about becoming an online English teacher is that you can work from anywhere in the world.
The amount of money you can earn by becoming an online English teacher can differ depending on your qualifications and the number of hours.
However, it seems teachers can earn anywhere from $10 – $30 an hour which may be very useful when living in Vietnam.
9. Invest In Stocks and Bonds
Investing In Stocks is one way to make money online anywhere in the world. Gaining interest in stocks and bonds is never an easy mission. First of all, you must be a risky person and always willing to take risks.
Then, you must gain a large and thorough knowledge of the whole economy in general and the companies you pay attention to in particular.
Recently, many apps work as intermediaries in the investing process. You don’t have to directly research the source of investing, but some app owners will help you do this task. Paying a fee to run this app is a must, but it won’t cost much.
I wrote a comprehensive guide on how to make money online with Stocks. Check out the link to the article to learn more.