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Starting a business from home is a great way to earn money, boost your confidence and develop skills
Stats SA's Q1 2023 Quarterly Labour Force Survey showed that almost 250,000 young people lost their jobs in that quarter. This means that a total of 4.9 million young South Africans are unemployed.
If you are one of them, starting a business from home is a great way to earn money, boost your confidence and develop skills. With South African consumers increasingly moving to online shopping – from 27% in 2020 to 38% in 2022 – an online startup may just be your best bet.
Says Joshua Shimkin, Head of SME Growth & Marketing at Peach Payments, “If you set up your business ahead of Black Friday and Cyber Monday, you’ll be ready to cash in on this lucrative shopping event. You’ll tap into the heightened consumer demand and benefit from the increased traffic and sales opportunities.”
Launching your online business a few months before the Black Friday shopping weekend will let you test your systems, processes, and customer experience. You can then use these insights to identify and address any issues or bottlenecks, and ensure that your operations are streamlined and optimised.
“It can be challenging to start an online business without funding, but with the right approach and dedication, it’s possible to build a successful venture,” says Dirk Tolken, co-founder & CMO at Semantica Digital, a specialist e-commerce and digital marketing agency.
Here’s what you need to get you started:
“There’s no stopping consumers from taking advantage of Black Friday deals,” says Tolken. “In 2022, FNB customers alone made purchases worth over R3 billion on Black Friday. Gearing up your online business in time is a smart way to boost your earnings.”
Shimkin agrees. “Starting a new venture is hard work, and it will take time to grow,” he says, “but if you stay committed to your goals and consistently deliver value, you can expect success beyond the biggest shopping weekend.”
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Apps, tutorials and inspirational websites for ecommerce merchants on Wix, WooCommerce or Shopify.
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