Are you looking for a blog where you can get quality information when it comes to the subject ‘How to Make Money Online in Nigeria?’
Then you are in the best place because here you will find out all that it takes to make money online in Nigeria.
However, if you are a total newbie to online business or maybe you are just passing by or probably you are seeking ways to scale your online business then,
I will kindly advise you to read every single word on this page in order to understand the nitty-gritty of online business and its requirements.
And also subscribe to this blog to get the latest information concerning online business.
Without further ado, kindly read with the utmost attention and jot down key points where necessary.
Beginner’s Guide on How to Make Money Online in Nigeria.
The information you are about to digest is not your regular dis-and-dat kind of uncensored information rather it is a roadmap for serious minded people who are in dear need of honest information that will enable them to make money online in Nigeria legitimately.
Note also that it is not tailored to offer you an eBook. Rather, this is an in-depth eye-opening article written by an individual who has in fact been making money online in Nigeria for years and knows the rudiments. No hype, No lies, No bullshit, and No crappy fur.
Just straight to the point and plain facts grounded on my demonstrable understanding and experience.
That said. Let’s get down to business. To start and run an effective online business is one of the very best methods to make money nowadays.
There are just a couple of jobs that you can, in fact, start your workday at any time you like. Operate, handle and promote your business regardless of the location, and earn massively in return as your own boss.
Despite the fact that the concept sounds so easy, running an online business involves a great deal of work but it is still much easier to run than running a brick-and-mortar business.
If you are currently acquitted with the online business models, then you are well-informed about this fact.
What is Online Business?
In an easy meaning just as the name signifies, online business is any lucrative business that is run and manage over the Internet that you have complete control over.
Thus, by this meaning which exclude things like online betting, Ponzi schemes, get-paid-to programs or schemes, and other schemes that you cannot manage or which do not involve exchanging products or services.
There are numerous models and kinds of online businesses in existence, which are categorized in several ways.
Common Examples of Online Business Models
The most common examples of online business designs include:
- Information marketing: This involves Packaging valuable info into an e-book, video, audio, or online course, and offering them online to fix individuals’ problem.
- E-Commerce: This includes selling physical items through your online shop and have it delivered to your customer destination.
- Affiliate marketing: Promoting on-behalf of companies their services or items and get paid each time a buyer purchases through your efforts.
- Freelancing: Offering a specialized service such as web design, graphics design, transcription, and writing to clients online and get paid on a per-project basis.
- Advertisement space sales: Selling advert space on your blog site to ad networks such as Google AdSense or directly to interested advertisers.
There are numerous other examples, some of which will be made known to you as we proceed but for now, let’s keep discussing the principles.
An online business can be categorized into two main types; passive and active businesses which is specific according to income model.
Broad Types of Online Business
These include any kind of online business, within which your activity determine the income generated. The level of your work input will determine your earning capacity.
An example will be a graphics designer; he will make money each time he provides a customer’s task.
With this, his overall month-to-month earnings will depend on the variety of tasks he is able to finish monthly.
In this kind of business designs, your earning stops when you choose to stop working. So you must keep working to keep earning.
They can easily be identified as services run on autopilot. To streamline it, these are businesses that will continue to generate earnings from their service without much input from your end.
You have perhaps heard some folks claiming to be making money while sleeping. Due to the fact that whatever about the business is automated, this is possible. Which is the best description of passive earnings?
A typical example of this kind of service is a products review channel on YouTube or website. The goal is merely to make income through affiliate marketing.
If the owner of the YouTube channel or website has it well organized with quality videos or posts that fix genuine problems,
then these platforms will continue to earn passive income for its owners without them doing any extra work. — in as much as it continues to get organic traffic from online search engine.
Nevertheless, the reality is, earning money online through passive income is not as tough as a lot of folks out there makes it look.
It does need some discipline. For you to start earning money from your website passively. You must have work and discipline yourself to grow your online business.
This requires that you put in efforts, time, and resources. Once your website gains traction you can then reduce your work rate on it and still would make great earnings in returns.
One thing is certain; this is not a get-rich-quick scheme so you don’t anticipate overnight success.
If you have a great mentor, coupled with your commitment and devotion, you can anticipate beginning seeing tangible outcomes within a space of 3 months except you are solely into affiliate marketing.
How do People Make Money Online?
The reality is that earning money online is not as difficult as some individuals out there make it look. Although It does need some discipline. Based upon our discussion up until now.
You must have deduced one special reality which is: To make money online in Nigeria or anywhere in the world, you should offer something– be it a service rendered by you to someone in exchange for cash or you offer a product to a hungry crowd.
- As a digital Marketer, you make money by helping customers with their marketing problems.
- As a business coach or strategist, you earn money by assisting clients to examine their business and developing a practical business and marketing strategy to grow and scale their business.
- As a freelancer, you make money by offering your skills to customers online.
- As an info marketer, you earn money by product packaging and offering your knowledge to clients.
- As an affiliate marketer, you earn money by recommending helpful products owned by others and get a commission once the buy through your efforts.
- As an eCommerce owner, you earn money by selling physical items to purchasers online.
As you can see, every online business requires that you provide value in the form of product (Digital or physical) or service. Which is a basic approach everybody into online business makes money?
So regardless of the approach, you follow to create income online, there’s a one really important thing to know. Cash can be made and spent, conserved and taken, invested and misused.
Not time. Which is why time is being more valuable than cash. You cannot recreate the time. It’s gone forever once it’s spent.
So, no matter what means you end up applying to generate income online, you must change your state of mind to help endow instead of moistening you.
Making money online can be tense with avoidable pitfalls if truth be told. Dismiss the noise by having a few essential guiding principles in mind.
The Differences and Similarities Between Online Business vs offline Business.
There are numerous unique distinctions between an offline business and an online business. Just as there are likewise similarities between them. Bearing in mind these distinctions will ensure you plan ahead for success.
The main difference between online and offline business models lies in the versatility of business management.
While it is possible to run your online business from any location, your offline business needs your physical presence for the daily operations.
They both need an adequate investment of time, energy, and cash. However, the overall sum requires to begin an online business is without any doubtless than what is required for a brick and mortar business.
Because they are fewer online business ventures that are capital intensive compared to the offline business.
It’s of the essence to note that neither of them is get-rich-quick programs. So, if you believe that online business is right for you since it does not need all the physical gymnastics then you need to reconsider your ideas.
I need to tell you that If your offline business did not find you solace, then don’t expect anything different from your online business.
Another comparison between the online business and offline business is that if not appropriately handled, both can just end up being a headache.
Which simply suggest that both business ventures can fail miserably due to diverse factors.
While offline businesses generally fail due to bad management, bad marketing practices, and other easy-to-discern aspects, an online business can stop working due to factors that are much more concealed.
In fact, there are times when very little description can be given as to why an online business has stopped working.
If the business offers services that can be delivered quickly via online, such as digital products, an online outlet will suffice to sustain the business and there would be no requirement for an offline equivalent in terms of a service building.
Marketing offline in the local area is a good way to increase awareness of the online business. For an offline service, an online counterpart assists to reach a larger audience and provide benefit for consumers.
No matter the kind of service in operation, it is very important to keep consumers in mind, supplying proper details and amazing client service.
When they choose to utilize the services and/or items, the key to success in either circumstance is making sure individuals know about the service and are pleased with it.
Examples of successful Online Businesses owned by Nigerians
There are more-than-countable examples of online businesses owned and run by Nigerians if you would like to see an online business in practice. And here are some of the popular ones:
- Nairaland: An online forum for Nigerians that features fascinating conversations on a wide range of topics connected to Nigeria and beyond. Currently, the forum has near 2 million registered members.
- BellaNaija: A lifestyle, style, and home entertainment blog owned by Uche Eze. It also produces profits from ads and sponsored posts.
- Linda Ikeji’s Blog: Arguably the most popular blog site in Nigeria. It’s popular for home entertainment news and star gossips. The blog makes its income from advertisements and sponsored posts.
- Remita.net: An online payment processing website that permits Nigerians to make and receive payments online.
- Konga.com: An online retail market where Nigerians can purchase physical products online and have their orders provided right at their doorsteps.
- Web4africa.com: A web hosting service provider offers numerous web hosting plans as well as domain registration and reseller hosting.
- IrokoTV.com: a web platform that permits Nigerians to download Nollywood movies-on-demand.
- Jobberman: Nigeria’s first and most popular online task site. It generates income from advertisements, sponsored job vacancy placements, joint endeavours, and premium services such as CV writing.
- HotNigerianJobs.com: Another online task site that links job seekers with readily available task positions all over the country. It produces earnings from ad positioning.
- Naijaloaded.com: An online overall home entertainment platform that is popular for using Nigerian music audios free of charge download. It also features news, celeb gossip, and other entertainment-related things.
- Tolet.com.ng: A residential or commercial property listing site featuring details about houses, land, and other property offered for lease/rent all over the country.
- Wakanow.com: An online travel and flight-booking site.
- Jumia.com.ng: An online retail market where Nigerians can purchase physical products online and have their orders provided right at their doorsteps.
- Paystack.com: An online payment solution that enables Nigerians to get payments from customers through their sites.
- Cheki.com.ng: An automobile listing site including both Nigerian- and foreign-used (” tokunbo”) cars available for sale. Brand new cars and trucks are sometimes noted, too.
Is It True That Everyone and Anyone Can Make Money Online?
Ignore whatever stunning image of online business some desperate skunks may have shown off in your eyes. Reality is, online business is hard, and it’s not for everyone.
That is, not everyone has what it requires to begin it in the first place. And not everybody who has all the requirements to begin would eventually succeed at it.
To start an online business, you’ll require the following:
- An effective laptop (tablets and smartphones are not advisable since they don’t work well for some tasks involved in running an online business).
- A trusted Internet connection.
- Some cash (not needed in all cases, though).
- Now, that’s not all. You’ll also require the following intangible “tools”.
- Good writing abilities (most online business models need this).
- Patience and determination (there will be times when you’ll feel like just quitting for good).
- Ability to find out brand-new things quick (you’ll require to comprehend how to manage some easy to relatively intricate tasks yourself).
- The passion to keep knowing (things alter quickly, and you need to constantly keep abreast of most current patterns).
- A great source of income (start with online service as a side endeavour, not something you’re expecting to start to bring you good earnings within days to few months).
So, going by these requirements, it’s absolutely appropriate to state that online business isn’t for anyone who does not have any of them.
Nevertheless, there might be a method to get around a few of these requirements.
For instance, if you’re not a very good writer and your selected online business design requires great writing skills, you can pay someone else to compose content for you.
However, there’s no such option for the majority of the other requirements.
25 Lucrative Ways to Make Money Online in Nigeria
There are more-than-countable useful, reasonable, and genuine methods to earn money online here in Nigeria. But picking the ideal online business to begin is the biggest difficulty for most people.
If you’re dealing with the very same obstacle, here are over 40 hot, viable, scalable, and lucrative online business ideas you can introduce right now and start making cool cash from.
This is one of the popular methods to make money online that is easy to venture into. Affiliate marketing involves promoting other people or company’s services or products and make a certain commission on each sale made through your efforts.
You can adopt any marketing method that is permitted by the services you’re marketing for.
However, the method most people use is to establish an informative blog devoted to promoting the offer.
Such a blog will include lots of important and practical information about the product/service being promoted. This method is not only low-cost;
however, it also converts like crazy due to the fact that important details about any deal assists the prospective buyer make educated choices.
Such a buyer will not be reluctant to follow your recommendations and eventually make purchases that will, in turn, bring you generous commissions.
Other techniques for promoting products and services as an affiliate online marketer include social media marketing, e-mail marketing, forum marketing, and offline marketing.
These other techniques can be even more expensive; however, they generally bring quicker results when implemented properly.
Freelancing entails rendering a specific service to other individuals on a pay-per-contract basis. That is, instead of receiving a fixed month-to-month wage, you earn money per job.
Working online as a freelancer indicates there’s no limit to how much you can make each month. And you’re not formally or legally connected to one client.
Your choice of services to render to clients online as a freelancer depends upon your skills. While there are many services that cannot be rendered remotely,
there are a number of others that you can handle for customers online, regardless of the physical distance in between you and them.
Some services are particularly in big need online, and you can make a killing rendering them as a freelancer. Here are some of them.
With increasingly more businesses and people getting to know that quality content is among the secrets to success in internet marketing, the demand for high-quality writing services has continued to grow.
Freelance authors are needed to write quality content for business websites, social media accounts, blog sites, email newsletters, reports, and e-books, and so on.
So, if you have distinctively concrete writing skills and no tolerance for grammatical, style, spelling, and punctuation mistakes, then you may want to consider starting your freelance business writing services, and you’ll be on your way into a huge and thriving market.
While you have the alternative of being a “generalist” freelance writer, you can grasp more authority and make more cash by focusing on specific writing jobs, such as:
- E-books and reports.
- Social media updates.
- Business plans.
- Email newsletters.
- CVs/ resumes.
- Blog posts and articles.
- Guest posts.
- Official letters (LOIs, LORs, and so on).
- Product reviews.
- Fiction/non-fiction ghostwriting.
- Technical writing.
- Academic writing.
- Website copies.
If you’re an expert in any field, you can make great deals of additional money by rendering your services on a contract basis.
For example, if you’re a seasoned accountant, you can deal with accounting jobs for remote customers over the Internet.
Likewise, if you’re an experienced lawyer, you can offer legal advice or complete legal documentation for clients over the Internet.
The very same applies to any other professional field. All you require to be successful with this alternative is a mix of professional proficiency, great marketing abilities, and excellent client support service.
They say a single image is much better than a thousand words. That’s correct — even on the Internet. The majority of people and businesses wanting to improve their online presence knows that striking images will help to attain that objective faster than even the most engaging epistles.
This describes why there is an increasing need for graphics such as business or site logo designs, site header banners, infographics, ad banners, e-covers, landing page styles, and so on.
If you’re proficient at creating unique designs that attract attention and send the preferred signals to the beholder, then you can make some good money by rendering graphics design services as a freelancer.
Working with personal assistants and secretaries to assist with specific personal projects is a typical practice among business owner and supervisors as well as political officeholders.
But what’s becoming even more common nowadays is the practice of hiring virtual assistants who handle specified tasks from a remote area instead of being physically present.
Due to the fact that this prevents the requirement for extra office area and facilities, many web-savvy individuals now choose to employ virtual assistants.
If you have the standard devices and abilities needed to work as a virtual assistant, think about starting as one.
Basically, you’ll require a computer and reliable Internet connection as well as fast typing skills, ability to deal with little or no supervision, and capability to focus on information.
Search Engine Optimization.
The most reliable method for a business to generate organic traffic and attract potential clients online is to look like plainly as possible in online search engine result pages whenever queries associated with that business’s offers are submitted.
Virtually all businesses with an online presence have this as one of their most vital short or long term goals.
Which’s why increasingly more services are setting aside a substantial fraction of their marketing budget for this strategy alone. What this means is more business and big money for SEO experts.
If you never ever fret each time you have to find out brand-new things quickly, master the use of analytical tools, perform lots of experiments, and work your tail off simply to get outcomes for other individuals, freelance SEO might just be the perfect service idea for you.
Don’t understand jack about it? That’s absolutely nothing to stress over. By reading lots of valuable resources and enrolling for quality online courses on the subject, you’ll master it quicker than you ever envisioned.
Audio or Video Transcription.
Audios and videos work tools for knowing– and there’s no getting around that. But for lots of web designers and services with an online presence, there’s constantly a factor to render the material of their audios and videos into readable text. This is where freelance video and audio transcribers are required.
If you’re talented with the ability to pick every detail from recorded audio or video, think about starting a freelance transcription service. To start, you will not require more than your PC, Internet connection, and a good quality headphone.
You’ve got a money-spinner in you if you understand more than one major language. With more and more companies trying to break into foreign markets, the demand for translators is flourishing.
So, it won’t be a bad idea to release an online business that involves helping individuals and businesses to translate their advertising files and web material from one major language to another.
Examples of the most widely translated languages include English, French, Arabic, Chinese (Mandarin), Spanish, and Russian.
Website Design and Development.
I want to believe that you already understand that the Internet is a network of websites. Also, it might intrigue you to know that about 600 new websites are produced every minute.
Meaning that we have 10 websites been hosted every second. As you can see there is a growing need for web designers and developers.
If you can develop professional and good-looking websites and you like the idea of helping people build new websites.
Then, you can start a freelance business around it which can set up on the pedestal of financial freedom for life.
If you’re not skilled in the area of web development, you can simply enrol for some relevant courses, and within a couple of weeks you will be in business—that is if you are interested in it.
If you love coding, then you can convert your skills into money by helping customers develop their own web-based apps, mobile apps, desktop apps, plugins, themes, and databases.
With the increasing need for sites with customized functions, web-based and mobile applications, software application, and others. There are sufficient chances for anyone who is a wizard at coding.
Start A Blog
Start blogging if you are interested in making money online. Blogging is one of the simplest and most sustainable income sources available today.
As long as the blog site is setup the right way, in the ideal specific niche, with the right content targeted at the right audience, and the offer is complementary to the content, you could make a significant amount of money through passive income from a blog site.
While some may believe that starting a blog is a tough effort, when you know the exact steps you need to take, it becomes far much easier.
All of it starts in the decision of selecting a lucrative and hot niche and selecting the right domain. From there, you need to structure your deals. You can quickly sell things like ebooks, training and courses.
You sure would have encountered lots of websites and online advertisements persuading you to buy an e-book or video pack, register for an online course, or register for a paid subscription website.
That’s information marketing in practice. It merely includes product packaging some in-demand information and offering it in the form of an e-book, video, or online course.
So, if you have a deep understanding of several topics, related or not, that a lot of Nigerians are searching the web for and don’t mind paying to obtain, think about beginning your own information marketing business around it.
So, in a nutshell, People– Nigerians inclusive– will continue to pay for info that they deem important and helpful.
So, if you have an in-depth understanding of anything that many Nigerians want to learn more about, you can turn that understanding into cool money by packing all you know into an e-book or e-course.
Creating an e-book merely entails product packaging your premium info into PDF or any other understandable format.
For e-courses, you can render them in the video, audio, or text formats and deliver to your “trainees” in a piece-by-piece fashion.
You can promote and sell your e-books or e-courses in various ways. Your best bet will be to set up your own website for it if you want to be in complete control of your content and earnings.
All your marketing efforts would then be targeted at directing possible buyers to the website.
Another choice is to sell on reputable platforms such as Amazon Kindle (for e-books) and Udemy (for video courses).
These platforms attract millions of buyers on a monthly basis, so you can make good sales by riding on their track record alone.
Also, this will spare you the hassles of handling payment processing and order shipments, and you will not need to work too tough to get buyers’ trust.
However, selling on these platforms has its downsides: First, you don’t have full control over your content, as you will be requiring to use their approved format for products. Secondly, you have to share your earnings with the platform,
so you just get to pocket 60% to 80% of the price. And thirdly, you will face intense competition, particularly if there are other products on the same platform that are quite similar to yours.
Note, nevertheless, that this business choice isn’t as sweet as it sounds. Before you can specify whether an individual will buy your information products without reconsidering,
you must have invested a great deal of energy and time into building a professional reputation and credibility.
How? By using loads of free details on the same topics you’ve created paid products on.
E-commerce (Sell your own things)
Due to the fact that more and more Nigerians are ending up being comfortable with buying things they need online, Ecommerce has become one of the most popular online business choices in Nigeria right now.
So, it’s no surprise that the likes of Jumia and Konga keep blossoming by the day. You too can tap from this multibillion naira market by starting your own online shop.
No, you do not have to start something as big as Jumia or Konga. Just so you understand, there are thousands of other Nigerian online stores that are less popular but are also making a great deal of money.
Why the majority of them aren’t popular is that they offer only one or a couple of types of products.
You too can start an online store that offers only fragrances, for instance, or wedding event rings, or smartphone accessories, or what have you. You don’t require much to start.
Simply have a hot-selling product or group of products and sufficient funds to set up your online shop and promote your shop online.
How you’ll source your items is totally up to you. If you’re currently into Mini Importation business before now, that’s cool.
But if you’re not, you can source products from local markets at cheaper or wholesale costs and sell them online. Additionally, you can source your products from low-cost foreign sources such as AliExpress or 1688.com.
For a More Detail Guide on How to Succeed with Ecommerce Business (Mini Importation). Click here to watch this FREE VIDEO TRAINING that teaches the How!
Leverage the App Economy
The app economy is likely right for you if you’re looking to resolve some immediate monetary needs.
Uber or Lyft:
If you’re in an area where you can find Uber or Lyft, or one of the many competitors around the globe such as Bolt, the hours are flexible and you can work as you choose, making it ideal, even if you presently have full-time work but are seeking to make some cash on the side.
You don’t even need a vehicle in some areas to generate income with this app. In some major metropolitan areas like Manhattan, a bike would suffice.
Earn money back rewards by buying featured products at significant retailers. All you need to do is add rebates, go shopping, then snap a picture of your invoice to make your cashback. Effective and basic.
Another uncomplicated and simple app for making a bit of side-hustle income is the Task Rabbit app. Tasks can be anything from simple repairs to more extensive undertakings.
The app carefully vets each provider to make sure the highest quality, and it’s a terrific way to make some extra earnings on the side by yourself terms.
This app offers a basic way to generate income online by purchasing whatever you’re currently buying and after that getting a cash-back benefit. With eBates, there are no scanning invoices. Merely click a link in the app and buy from the store.
You’ll immediately be credited your cash rewards upon purchase together with getting an email verification.
With Swagbucks, there are a variety of ways you can generate income. You can shop online, enjoy videos, response studies and browse the web. The app offers you both cash back and gift cards as a reward for your efforts.
Another app you can use to earn money online is Inbox Dollars, which pays you for watching television, taking surveys and shopping. There are cash deals here and it’s reasonably similar to a few of the other apps in this arena.
Setup e-mail software and produce a lead magnet that you can utilize in your sales funnel if you’re interested in online marketing. Then, build up that list. It’s frequently said that you can expect to earn about $1 per subscriber each month.
If you have a list of 10,000 subscribers, that indicates you can make roughly around $10,000 per month. You will require to provide value and not pitch them on every e-mail, but it is an extremely achievable objective in a brief duration.
There are many ways to get individuals onto your list. Lead magnets are one such resource. For instance, you can build ebooks, checklists and cheat sheets. However, you can likewise do content upgrades,
such as PDF versions of an article with included resources in them, four-part video training series, and more.
Consider your audience and what you can use them to better serve them, then treat them with some regard and you’ll ultimately enjoy the benefits.
If you have a huge wealth of experience in any element of life that individuals are yearning to learn more about, you can turn that experience into cool money by providing consulting services online.
For example, if you’re a small business expert who has actually assisted a lot of people set up effective small businesses in Nigeria, you stand the chance of making a fortune as an online small business expert.
Since the country’s harsh economic circumstance is prompting more and more individuals to look beyond salary to start their own small businesses by the side.
This describes why there are millions of search inquiries related to different small businesses in Nigeria.
Aside from small business, other areas in which consulting would be financially rewarding consist of job search, travels, farming, investment (stocks, binary options, etc.), and make money online.
Note, however, that this online business consultancy would need structure and credibility initially. Without establishing yourself as an authority in your chosen field, nobody would patronize you– considering that individuals just buy from people they know, like and trust.
Job search engines are one of the lucrative niche businesses in Nigeria. It is expected that these job online search engines are popular in Nigeria, considering that the fact that the unemployment rate in the nation is very high.
You will agree with me that from all indications that joblessness in this country is not an issue that will be solved anytime soon.
So, I can properly anticipate that websites like Jobberman and others will continue to stay relevant in this country for a long time.
Despite the fact that there are currently a variety of job search engines targeted at Nigerian job candidates, there’s still enough room for new entrants.
If you’re clever enough to play your cards right, you can establish your own job online search engine and grow it into an effective and popular one.
A faster way to succeed with this concept is to focus on a particular niche.
When promoted well, job search websites grow very rapidly. So, when your traffic begins to hit the roof, you can start generating income from ads or by rendering CV writing and review services, or by offering e-books that job candidates will find extremely useful.
A 5-second video is better than the hundreds of the most expressive words. And no doubt, individuals comprehend things better when they view videos than when they check out plain text.
This describes why Nigerians now tend to see videos online more than they read posts, particularly since data costs in the nation are ending up being more and more affordable.
And the boost in a number of video bloggers in Nigeria is simply expected to be on the increase since we have more intake of video content.
So, if you have any distinct video blogging ideas and have the tools required to begin, why not start your own video blogging platform? For many people, a YouTube Channel or an Instagram account is an ideal platform.
Similar to standard blogging, your success as a video blogger hinges mostly on your capability to regularly produce videos that are extremely helpful and problem-solving, or addictively amusing.
If you can actualize this ability or master, then you will grow your followership gradually and make good money.
Video bloggers earn through sponsored videos, YouTube advertisements, product reviews, affiliate marketing, and rendering services.
Social Media Marketing.
Social Media Marketing is everything about helping individuals, companies or services find their audience on social media.
The fact is, most Nigerians now invest their time on Facebook, Twitter, Instagram and other social media platforms. This has open new opportunities for businesses to reach people and make more sales.
To be a social media marketer, you require to comprehend the algorithm of your target social networks platform and how you can utilize it to transform for individuals or services.
As more organizations embrace the internet, social media marketing will keep shinning as one of the very best methods to make money online in Nigeria.
This is a nice concept for those who can attract customers without having the required skills to provide. For example, if you are active on an online forum where members constantly need the services of freelance graphic designers and you don’t know jack about graphics design, you can merely take up the jobs after which you will get a graphics designer to the job.
In short, you’ll play the role of an intermediary and make money by taking your cut off what customers spend for the job.
So, if you understand the designer would charge $40 for a logo design, charging the customer $100 would bring you $60 in profit– for just being an intermediary.
Likewise, you can find a business that sells cars or furniture offline, and tell them you will bring the consumers in return for an agreed-upon commission per sale.
Then take pictures of the products they presently have for sale and promote those items online (through classified ad websites, online forums, social media, and so on).
Envision that you will earn a profit of N50,000 per car or furnishings offered through your efforts. If you can close 3 to 4 sales per month, you can simply be imagining how much you will be making.
To make it big with this business model, you must be extremely badass with marketing. And you’d need to deal with freelancers who truly know their stuff and are deadline-oriented. Your objective here is to make sure optimum client satisfaction.
By leveraging this model, you can begin your own content marketing agency, SEO agency, digital marketing firm, or what have you.
A subscription website is a website filled with exclusive content and training resources that can just be accessed by people (members) who have paid a defined cost.
The site is usually locked with a password to prevent access to certain content by non-members. Members are needed to pay a one-time fee or a recurrent month-to-month charge.
This business model is still at its growing stage in Nigeria since the majority of Nigerian are freebie hunters. However, if you have content concepts that people would be obliged to spend for, then you can make a great deal of money off of this model.
For instance, if you’re an experienced fashion designer or stylist, you can develop videos and other types of material that can act as training resources for newbies in the field. Then set up a membership website where people can sign up and pay to access to those training resources.
In addition to the registration fees credited members, membership sites can likewise be generating income through ads, affiliate marketing, and even upgrades to access advanced resources.
Although we have a great number of Nigerian online papers, you can still establish a successful one on your own if that’s your goal. Although competing with the popular online media houses like The Punch, Vanguard, Daily Trust won’t be an easy job.
However, if you’re able to regularly get distinct news items that have not been released in other places, you stand a chance to succeed at it fast. This does not mean you should spread fake news just to gain traction and bring traffic.
If you do that, your site will quickly be commonly understood for phony news, and no one will ever take your website seriously again.
For a start, you will have to promote your brand-new website strongly through social media, forums, and other online channels. Your aim is to produce prevalent awareness of your News websites to eventually earn revenue through adverts and sponsored posts.
Use Existing Websites to Sell your Craft.
You could also choose to utilize existing sites for generating income. These include both active incomes and passive incomes methods.
For instance, you might offer some specialized services or by creating some digital products that can be sold on merchandise.
Once again, devote a large part of your time to develop products that can gradually bring in passive incomes on autopilot with no extra added effort.
Naturally, a large part of these websites does have their own respective apps. But these are certainly less involved in the gig economy, and more so in the longer-term jobs that exist in the fields of photography, internet marketing, graphic style and web development, for instance.
Craigslist: This site has been the go-to resource for over some years now for individuals that are seeking to make a bit of money online. You can easily offer your items, rent out a spare space in your home or apartment, and provide your services to the world.
Upwork: This website provides a great marketplace for offering practically any expert service. You don’t require a merchant account, the website of your own or anything else for that matter.
All you require to do is be able to offer top-quality service at a reasonable price. But be informed, you will need to compete with many others that are continuously bidding on open tasks.
Coffee shop Press: This site allows you to develop digital designs that can then be sold on the platform. You’ll earn a commission for everything that offers and you’ll never ever need to handle logistics like consumer, warehousing and printing service.
This is a terrific prospective source for your web-based earnings if you have some graphic design abilities.
Fiverr: Israeli-based Fiverr was started in 2010 by Shal Wininger and Micha Kaufam. You can provide gigs as low as $5. however, you make more money for upgrades and add-ons.
Flippa: If you have a penchant for trading, you could use Flippa, and its higher-end equivalent, Deal Flow Brokerage to buy and sell websites for some earnings.
You’ll require to understand what you’re doing here, but you might quickly make sizable earnings by flipping income-generating sites for profit.
Etsy: While Etsy’s appeal has decreased recently, it’s still an excellent resource for offering handmade items online. No need for intricate eCommerce websites or merchant accounts or any sort of automation.
The business takes a commission of every sale and charges a small listing charge per item. But numerous people still utilize Etsy as their primary income source. The very best part is that you can likewise sell digital items on here such as poster designs.
Shutterstock and iStockPhoto: Have a keen eye for photography? Why not sell pictures on some of the leading photography websites? You can make some cool cash offering your charming images online.
Have you ever questioned where numerous blog writers get the incredible pictures they insert in their blog posts or where site template developers get the appealing images they use as placeholders? Those photos are bought from stock photo websites such as Shutterstock, Fotolia, and iStockPhoto.
Whether you have a thing for snapping nature in pictures, or you particularly enjoy taking photos of incredible structures, you’ll constantly find prepared purchasers for your pictures online.
You have the choice of offering special rights to only one purchaser (for a substantial charge, of course) or making money constantly from a single image by selling to numerous users. You might even get employed permanently by brands or companies who value your skills. Who knows?
Website Flipping: If you’re familiar with website development, then you ‘d easily know what website flipping entails: You purchase a site or start it from scratch, increase its worth with high-quality content until it begins generating income, and sell at a cost much higher than what you’ve purchased it.
Many people out there want to join the bandwagon of online business but do not want to go through the hassles of going back to square one or wait too long to start earning money.
Such people prefer to purchase online businesses that are currently generating income. So, for website flippers, there’s a big market to serve. Which is why several sites and other online business websites are offered daily on platforms like Flippa.
Domain name Flipping: This simply involves registering domain names that have some worth and reselling them at much higher costs. When compared to site flipping, domain flipping is much easier and straightforward.
You will not need to build a website or craft content repeatedly. And you won’t have to spend time, energy, and cash on traffic generation.
Although it’s seemingly simple, domain flipping has its many challenging aspects that you need to take your time to learn more about before taking a plunge.
A single domain sale can fetch you six figures in dollars if you actually know how to play your cards well.
However, the reality is told, with numerous thousands of brand-new domains being snagged up every day, domain flipping is now very competitive.
Among the earliest online businesses, Forex trading just involves trading in currencies online and making a profit from small increments. This business is like a two-edged sword. It can be extremely lucrative, and it can bring substantial, disastrous losses.
Even professional traders who have been in business for decades do lose on some occasions. So, you really require to take your time to train hard before getting into the live market.
This merely includes trading funds in the form of e-currencies and cryptocurrencies. For instance, if you buy one Bitcoin for $750, you can sell to another person at $800. That’s $50 in earnings.
In a comparable way, you can deal with PayPal funds, Payoneer funds, Payza funds, Bitcoin, Ethereum, Litecoin, and so on. Although you’ll include small margins per unit currency the majority of the time, those can amount to huge profits with numerous deals.
As increasingly more e-currencies and cryptocurrencies continue to grow in terms of acknowledgement and approval, the e-currency exchange market is getting more profitable.
Start An Online Directory Website.
Online directory is simply websites you visit to get more information about whatever you may be looking for. If you’ve ever visited websites like Vconnect and Nigeria Galleria, then that is an online directory in practice.
This may be a good business model for you if you’re great at research. You can establish a basic online directory site that includes services across different markets and their contact details.
however, it’s better to go the specific niche way– a minimum for a start. By “specific niche method”, I mean covering only a specific industry or geographical place.
It’s no doubt a smart idea to start an online directory site that features just business and companies in Abuja or Lagos or Port Harcourt, or one that features only hospitality industry in Nigeria.
I know you might be questioning how online directory sites make money. Well, they do by including sponsored listings and positioning advertisements. Some directory sites also earn revenue through list building for featured services.
If you’re especially good at transferring knowledge to others and have some “in-demand” skills you can share with others through any medium, then this is for you. You can earn money online by arranging online training sessions and charging your students.
These sessions can be rendered as webinars, live chats, WhatsApp groups, telephone call, video calls, and other conventional techniques.
So, if you know a lot about things like digital marketing, Web Design, SEO, programming, social media marketing, and other subjects that can be conveniently taught remotely,
consider beginning your online tutoring platform right now. And surprisingly, you can even run physical, one-on-one sessions for those who ask for that.
Start An Online Forum.
Nairaland is Nigeria’s most significant online forum, and it’s making a great deal of cash from ads shown on its different pages and areas. More interestingly, it has grown to a point where its owner no longer troubles about producing content any longer.
Countless new words or material are produced daily by users. Which’s simply cool. Provide it with a push if you like the concept of having your own online forum.
Note that starting a forum is challenging. From the start, you’ll need to develop several accounts for posting new threads and replies (or you can pay individuals to do that for you).
And you’ll need to spend a great deal of time, energy, and money on promo. But you can make things a lot easier for yourself by launching a specific niche forum, where the focus is on only one subject or very couple of topics.
This limited option can grow faster than a basic subject online forum.
Media Download Website.
The majority of Internet users choose to have ebooks, videos and other media files to themselves, so they can access the files whenever they need them– without having to link to the Internet.
This explains why media download sites create enormous traffic, which can translate into substantial earnings from banner advertisements and sponsored content.
Free e-books, free PDF textbooks, motion pictures, music, guide videos, software, themes, plugins, and other digital products are cool concepts to develop download sites around.
Just established your site and start publishing the files you want to share with your visitors. To improve your chances of fast development, carry out SEO methods.
By consistently offering your visitors what they desire, your download site will grow slowly and will start generating earnings.
Keep in mind, however, that this choice is somewhat questionable. Preferably, you’re needed to request approval to disperse most media files,
and making them offered for download on your website without very first seeking this permission is unethical. So, you might want to reconsider before continuing.
Start A List Building Website.
This is among the hottest ways to earn money online today. It’s really easy to implement and advancing with it doesn’t take a long period of time.
A lead generation site is a niche website constructed solely for the aim of bringing in visitors to businesses.
For example, if there are travel bureau around you, you can establish a helpful blog site that would include loads of handy info suggested for individuals who want to take a trip out of the country.
Due to the quality of your content, a lot of visitors will consider you trustworthy sufficient to recommend relied on visa agents, hotel booking representatives, etc. to them.
Now here’s how you’ll earn money from your lead generation website: You’ll find a reliable travel representative or agency around you and strike a deal with them.
Tell them you have a site that through which you’ll find them consumers, and they’ll pay you a defined fee for each client you bring to them.
Better yet, inquire to pay a fixed monthly sponsorship cost, which doesn’t depend on the variety of leads (possible consumers) you create for them. And another option is to offer the site to them for a huge quantity of money (and develop another one instantly).
The other works well for companies whose products or services are a bit on the high side. Good examples are the travel bureau, sellers of costly equipment and machines, etc.
Classified Ads Site
Unless you just recently had access to the Internet for the very first time in your life, you sure would have gone to or heard of sites like OLX.com.ng and Jiji.ng.
Those are the two most popular classified advertisement sites catering to Nigerians at the moment.
In case you don’t understand what those sites stand for, they are online marketplaces where sellers and buyers meet and exchange values to satisfy each other.
However, these platforms themselves don’t moderate such deals, so purchasers and sellers have to meet physically or over other channels.
You can make a lot of money by starting your own classified advertisements sites if you have some money to invest in aggressive online promotion.
To boost your chances of success, you can specialize only on specific service or products, or catering only to users in specific geographical locations.
Note that this business is generally hard at the start, but when you begin attracting lots of users daily, it becomes more like a passive income spinner that grows by itself and brings you some good regular monthly earnings.
Blogging for Advertisement Income.
This is no doubt among the most popular and most in-demand online business choices in Nigeria– thanks to the low barriers to entry.
Anyone can start a blog and release posts regularly on any subject without having to spend a fortune to begin.
Some even do not invest a penny up until they begin earning money from their blogs. However, as rosy as this may look, it’s really getting uglier and more difficult every day.
Nevertheless, there’s still enough space and huge opportunities for success for new entrants who are ready to play their cards right and stand out from the crowd.
Here’s what blogging for advertisement income involves: You start a blog site that fixates a subject you’re interested in or experienced about and that a great deal of Nigerians is interested in, as well.
Then you regularly release important, helpful, or amusing content (depending upon your selected topic or niche) that people would discover intriguing.
At the same time, keep striving to promote your blog utilizing social networks and other online platforms up until you’ve grown big followership or your posts have begun pulling big traffic from search engines.
That’s when you installed advertisements on your blog site and earn income from them.
These ads could be immediately shown by advertisement networks (Google Adsense, etc.) or directly sponsored by businesses whose target clients form part of your blog site audience.
As soon as you’re able to encourage people that you truly understand your stuff and you can be relied on and taken for an expert, they’ll easily purchase whatever you pitch to them.
You’ll stop working like never ever before if you attempt to put up sales pages right after developing your details item (in a bid to begin making money right away)!
People are hard to encourage these days, so before you can get them to part with their hard-earned money, you need to have shown beyond doubt that they won’t be sorry for doing that.
Dropshipping Business Model
Starting a dropshipping business is one of the popular business models because it enables you to sell products to customers without having contact with them, set your own prices for the product, and market your own brand.
You don’t keep an inventory of products. Once a customer order for stocks, your supplier will package the product and ship straight to your customer. You will not have to worry about how to store, package, and ship your products.
You can either decide to use a third party website to build your business or set up your own store using WordPress. Below are some of the various options available for a dropshipping business.
Shopify: Want to construct your own storefront? You might decide to develop a Shopify shop. You could likewise set up WooCommerce as a plugin and run your eCommerce store from your blog site.
You’ll require an SSL certificate and a method to process payments, however, you may find this easier to get up and running fast to start selling immediately.
Fulfilled-by-Amazon (FBA): You could start selling on the largest online shop in the world and not spend the time to construct out your own facilities or fret about traffic.
You will need to pay a commission, however, most of the other processes will be automated for you.
Drop-shipping: Amazon uses one form of drop-shipping, however, there are other resources for drop-shipping items that you’ll never ever actually have to see or handle yourself. You’ll just need to close the sale.
Providers like SaleHoo, Worldwide Brands, and many others, also provide you with resources for drop-shipping your products.
Now you have it! We have got you covered on how to make money online in Nigeria in particular and worldwide in general. By applying or utilizing some of the advice from this article into your own online business, you are simply working towards building an online business empire of your own.
If you have questions along the way, feel free to leave a comment or reach out to me for assistance. And never forget, the best way to learn how to make money online in Nigeria or anywhere in the world is by taking that first step to building it.