I'll love to start with a fun fact; "The population of social media users in Nigeria alone, is the entire population of some countries of the world, in the likes of Canada. 😯"
What does this mean? It means Nigeria is one of the best places in the world to make money. In this article I'll explain to you how to can take advantage of the population in Nigeria and make a fortune out of it.
Here are the best ways to make money online in Nigeria:
1. Blogging
Blogging is still the number one opportunity to make money online in Nigeria. This is the best and hottest online business in Nigeria and anyone can do it.
Blogging is all about sharing information. It could be about anything. From news, politics, sports, animals, jokes, local stories, anything at all. You can start a blog about anything.
Once you start a blog, you get traffic to your blog. Then you can use Google AdSense, affiliate marketing, and other methods to make money from your blog.
The wonderful thing about blogging is that if you work hard and build your blog, you will be making what is called 'Passive income'( making money while you sleep). You will wake up and see dollars in your AdSense account. Even while you play, travel, or eat, your blog is making money.
It can make you rich. It can make you a millionaire. But the challenge is doing things right and building your audience.
Creating a blog is very easy. If you are ready to get started now, we will guide you step by step and you will be done in less than 20 minutes. Go here:
How to create a blog in less than 20 minutes
2. Affiliate marketing
This is a very reliable way to make money online. If you are good with marketing or you are a good salesperson, you should consider this. If you have charisma and you are the type of person that is good with conversation, you should seriously think about affiliate marketing.
Affiliate marketing is all about recommending products to people online, if they buy through you, you get a commission. It is that easy. All you need to do is find an affiliate network and join. Then pick products to promote. You can promote them on your Facebook, Instagram, YouTube, any other social media, or even your blog.
So let’s imagine you promote a product that is worth N10, 000 with a commission of 20%. Now you have about 5000 friends on Facebook, 5000 on Twitter, 5000 on Instagram, and some via your blog, WhatsApp, and other social media networks. You promote the product to them and about 2000 of them purchase through your link. That means your total sales will be N10, 000 X 2000 = N20 million. And your commission which is 20% will be N4 million!.
The truth is, many people buy products online these days. You can take advantage of it and make money through affiliate marketing. The most popular affiliate networks are Commission Junction, Impact Radius, Linkshare, Jumia Affiliate, and Konga Affiliate.
You can read more about affiliate marketing here: Complete guard on affiliate marketing
3. Being a YouTuber
YouTube is a platform where people go to watch videos on certain things. I believe 99% of you have watched at least one video there, but what you might not have know is that YouTube can make you a millionaire both in naira and in dollars. Make videos on things you're interested in and upload them on YouTube, when you begin to drive traffic on your YouTube channel, you can variously make money. Through Google AdSense, affiliate marketing, selling of digital products, you can even get paid by a particular company to promote their product.
One other benefit of being a YouTuber is that you can create a brand for yourself; you can become famous.
You can be a YouTube without showing your face. Alux.com is a YouTube channel making so much money without anyone knowing who exactly is behind the channel.
On the other hand, if you want to be a YouTuber and show your face, no problem, and you don't need a 4k, or 5k camera to achieve this, a phone with a good camera is fine. iPhones, oppo, Samsung phones are good options, just make sure you can edit very well and make your video as unique as possible.
Am sure you have heard of Mark Angel comedy and Emmanuella who became YouTube stars and millionaires. That is the power of YouTube.
4. Buy and Sell Bitcoin with Binance
Binance is an online platform that has made Bitcoin trading very easy. It is the number one cryptocurrency exchange. As of today, Bitcoin is one of the most lucrative businesses the world over. More and more countries are accepting bitcoin.
The wonderful news is that it is never too late to key into bitcoin. Even if you have never traded before, you can start today and share in the $94 billion worth Bitcoin market. All you have to do is join Binance. They make it easy and secure to trade bitcoin.
5. Freelancing
Freelancing is all about applying your skills online to make money. If you are looking at ways to make money online in Nigeria without spending a dime, then this should be a suitable option.
All you need is your skills and talent. You could be a writer, programmer, graphic designer, typist, proofreader, any skill at all. Just register with a freelancing website. You will find people that are looking for people with your skills. Apply and you may get the work.
As a freelancer, you work from the comfort of your home. All you need is your computer and internet. It is a very big industry worth billions of dollars.
If you are skilled, you should consider this. You can do it full time and you will be making far more than the average salary in Nigeria.
The most popular Freelancing websites are Upwork, Fiverr, Freelancer, and Guru.
check out list of freelancing platforms here: List of freelance platforms to make money from
6. Start your online bank with V
You can start your online bank today with your mobile phone and make money by recruiting people to your bank. You do not need a license or any documents to begin, all you need is your mobile phone! The process is straightforward. You can do this using an app called V. The app is owned by one of the biggest microfinance banks in Nigeria, VFD Microfinance Bank. They are regulated by the Central Bank of Nigeria.
All you have to do is go to Google Play Store or App Store and download the app. After downloading, install. Fill out the form and complete your registration.
Now you will have a bank account. It is advised that you at least put money into the app, even if it is just N2000. N2000 makes your account an active account. You can use the app to pay bills, buy airtime, transfer money, do cashless withdrawals, and more.
Now on the app, click on More at the bottom of the screen and then click on start your bank. It will open to a browser, fill out the form and wait. It might take a day to get approved. Once approved, you will be ready to start your bank!
V banking app
Click on more, then click on start your bank.
Once approved, sign in to your agent account. You will see the referral code. Copy it. Then start using it to refer your friends. The more friends, the more you earn.
If you refer up to 30 friends who have a combined balance of up to N500, 000, you will earn up to N30,000 every month! If you refer 75 friends with a combined balance of N2 million, you will earn N50, 000 every month.
For 100 friends with a combined balance of N5 million, you will earn N100, 000 every month. If you can refer 250 friends with a combined balance of N7.5 million, you will earn N150, 000 a month. Now, if you refer up to 1000 people with a combined balance of N25, million, you will earn N500, 000 every month. Finally, if you can refer up to 2000 friends with a combined balance of N100 million, you will be earning N1 million every month.
It will be an added advantage if you use the app to save and make payments too.
7. ySense (ClixSense)
Have you ever heard of online surveys? Where you are paid to give your opinion on issues by answering some questions? That is what ySense does and more. You get paid on ySense to take online surveys, do small tasks, play games, and more. You are also paid to refer people.
Among all the survey websites, ySense is one of the few that pays to Nigerians without excuse.
They pay up to $1.50 per survey, it could be lower or higher but that is the average when you get a survey invite. The good thing about ySense is, even when there is no survey, you can complete tasks to make money.
Among all surveys and task websites, we recommend ySense because they pay. They accept Nigerians. To make good money, you need to regularly log in to take surveys and complete tasks. Also,o invite your friends with your link to join.
If you are looking at how to make money online in Nigeria as a student or with your free time, consider this.
7. E-commerce
An E-commerce business is a business that can make you a billionaire. The richest man Jeff Bezos is into the E-commerce business. Am sure you have heard of Amazon.
E-commerce is about buying and selling products online. You can create your online store and sell products online. You could be the next richest person in your city.
If you do not have money to build a warehouse and store products, you can still do this business without having the products. There is something called dropshipping. All you have to do is create an online shop. Copy inventories for leading manufacturers around the world. When someone comes to your online store to buy, it will be forwarded to the manufacturer or supplier, they will ship the goods to the buyer, get the money and you keep your percentage. You do nothing!
Want to know more about eCommerce? check out: Ecommerce in 2021 - The Ultimate Guide (intro)
8. Social Media marketing
Social media marketing is all about helping businesses, individuals and organizations find their audience on social media. The truth is, most Nigerians now spend their time on Facebook, Twitter, Instagram, and other social media platforms. This has opened up new opportunities for businesses to reach people and make more sales.
To be a social media marketer, you need to understand the algorithm of your target social media platform and how you can use it to convert for businesses or individuals.
As more businesses embrace the internet, social media marketing will keep shining as one of the best ways to make money online in Nigeria
9. Social media networks
If you spend a lot of time on social media platforms. Why not make some money off it? Whether it is Facebook, Twitter, or Instagram, you can always make money. There are many ways to do this. You can use Affiliate marketing, sponsored content, and more. We have a guide on how you can make money from each of the major social networks, find them below:
Using social media platforms to make money online in Nigeria is pretty enjoyable since we all spend most of our time there, anyway!
10. Cryptocurrency
Cryptocurrency is still on the rise. After Bitcoin burst into the scene, a lot of other Cryptocurrencies have emerged. Gradually, many businesses are accepting Cryptocurrency as a form of payment. There are opinions that it will someday replace the money we have now. Whether that is true or not, you should consider investing and making money from Cryptocurrency.
All you need is to properly study and understand the market. But when it is low and sell when it is high. There are many ways you can make money with Cryptocurrency.
In the years to come, Cryptocurrency will remain a very good option to make money online in Nigeria
Read about cryptocurrency here: BEFORE YOU INVEST IN CRYPTO CURRENCY DO THIS 2 THINGS.
11. Create an online course online
The course makes it to our list of top ways to make money online in Nigeria. This is because of one factor: It has the potential to make anyone rich, but it takes a lot of effort. It is a true example of what is called 'Passive income'.
Online courses are all about teaching people skills and strategies online for income. Let’s assume you are good at Graphics design, Web development, Business management, cooking and so on, even sports. You can create a course and teach it to people around the world, and they'll pay you money for it.
There are many millions of people around the world that are learning online every day. The internet is currently the number one classroom. You can key into it and make money.
Many platforms make teaching online easy. Platforms like Teachable, Udemy, Skillshare, and more.
12. Trade Forex and binary options
Forex is all about currency exchange. You can make good money dealing with forex. As long as the world does not use one currency, Forex will continue to be a big income stream.
Binary options are like forex trading but easier. You have the option, to predict if the price of a particular currency or commodity will go up or come down. And you make money from it.
13. Sell on Konga
From the comfort of your home, you can make money selling on Konga.com. Konga is one of Nigeria’s biggest online stores with millions of users every month.
You can take advantage of this big platform. Create an account with them. Source for trending products, list them on Konga, and sell them. When people order a product, you get logistics companies to supply it. Or allow Konga to handle delivery for you while you make money.
You need not have a warehouse to sell. Just have products! Sounds too good to be true right?
14. Sell on Jumia
Jumia is another big online platform in Nigeria. The website is one of the most visited websites in Nigeria. The visitors of the website are looking to shop for different items. From electronics, phones, clothing, household items, book,s and more.
You can open a store with them and sell them. Source for product and list on the website. Once people buy, you deliver and get paid.
The good thing is, you can do this from home. You do not need a physical shop, you can sell online. Read more here: How to start selling on Jumia
15. Take a chance with Pi Network
Every once in a while, new ideas or technology emerge that change the world. The people who embraced this technology early become wealthy and successful. One such technology is Bitcoin. When Bitcoin was introduced in 2008, so many people laughed it off. At that point, it was easy to get as much Bitcoin as you want. It was not until many years later that Bitcoin became a big deal and made everyone around the world who believed in it rich. It is hard to know which new ideas will become big. But some signs can help us take a chance.
Pi is the new technology that might become a big deal. It is a cryptocurrency in the making. One that is run by the people. While Pi is not fully ready, it is almost. And people who take advantage to join the movement will gain massively if it becomes successful. Currently, it has over 3.5 million people supporting it worldwide. Once it gets to 10 million, it might be difficult to get in and earn much.
All you have to do is download the app. You can click here to download for android phones or click here to download for iOS. Install the app on your phone. Use Jabulaniusen as your referral code. Once you are registered, make sure that you verify your account. You can do that with a phone number or Facebook. Then invite your friends. You can check the progress once a day or leave it like that. It mines in the background and consumes no battery or data.
That is all! You spend no money at all! If it eventually becomes the next big thing, you can be happy you did believe in it! Since it costs nothing, there is nothing to lose.
16. WinApay
WinApay is a very innovative way to make money online in Nigeria. You get paid to answer questions! If you have a good understanding of different topics ranging from politics, sport, fashion, health, and more. You can answer 10 questions that are not difficult and win N2000 to N5000 for every round you play.
You can use this to make every day productive and make good money. However, if you want to make big money with WinApay, you should consider becoming an Affiliate. As an Affiliate of WinApay, they pay you N1000 for every person you register to WinApay as an affiliate. Let’s say you refer 1000 people to WinApay each month. That will be 1000 X 1000 = N1 million! In a month you have made one million.
However, to activate your affiliate account, you have to pay N1500. All your earnings are paid straight into your bank account, and you can withdraw them at any time.
16. Publish Books Online
Okadabooks is an online website in Nigeria that makes it fast, easy, and free to publish books online. This is not limited to books alone but also short stories, reviews or anything worth reading. The best part is that Okadabooks allows users to monetize each book published which means you get paid when any of your publications are downloaded or read.
17. Sell Designs Online
Do you have some basic design experience? Printivo Online Store is a marketplace that allows anyone to upload and sell designs to customers. Each time a Printivo customer makes use of your design or orders a print with your design you get paid 15% of the value of the design by Printivo.
18. List on Property Websites
Do you know of any property available for rent or building for sale in an area where you live? You can always earn a quick agency fee by posting available properties in your area on property websites such as Tolet, jiji, Jumia House & Private Property. All you have to do is to register as an agent and you are good to go.
19. Become a Virtual Tutor
Another way to make money online is by teaching others what you know. You can become a virtual tutor and engage in one-on-one tutoring sessions or even host Webinars to help people directly with any number of topics. Nigerian websites like Tutors NG allows users to monetize their knowledge by creating online learning materials for others in need of specific knowledge.
20. Apps & Websites Testing
The main aim is to improve online experiences for everyday internet users. Internet companies are always looking for real people like you, to test out new or existing mobile apps and websites so that website owners, coders, and designers can see and evaluate the obstacles that real people experience with their products. Most of the companies reward the testers in cash for each app or website tested (Check out User Testing).
In conclusion:
The population in Nigeria has made Nigeria one of the best places in the world for business. It's time we leverage on this and enrich ourselves.
We will be adding more ideas and opportunities to this post as time rolls on, so go ahead and bookmark this page for future references. You can also share with your friends that may need so moneymaking ideas.
Why not check out my article on: 3 HIGH INCOME SKILLS YOU SHOULD LOOK OUT FOR
you are gonna love it.😊
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