How to Make Dollars in Nigeria:16 Real Ways To Make Extra Money

Are you looking for how to make dollars in Nigeria?

Learning how to make extra money can completely change your life, whether you want to learn how to make dollars in Nigeria or have another goal.

In this comprehensive guide, I will explore 16 actionable ways to make dollars in Nigeria.

After reading this article, you will gain valuable insights and practical strategies to achieve financial success.

Whether you’re a budding entrepreneur or an established business owner, these proven methods will help you tap into Nigeria’s vast economic potential.

Before diving in, I have to point out one thing.

If you intend to earn dollars in Nigeria, be prepared to take your chances online. Making money online is the best way to make dollar in Nigeria.

Through online ventures, you will find several opportunities that will enable you to make dollars directly to your bank account in Nigeria.

The best thing about some of these jobs is you can make extra money on the side. They are actually fun and interesting and didn’t require a lot of time. Some of the jobs didn’t even require me to leave my home.

Let’s dive in…

How to Make Dollars in Nigeria(16 Practical Methods)

Real Ways To Make Extra Money in nigeria

1. Affiliate Marketing: Unlocking Passive Income

When it comes to making dollars in Nigeria, the easiest way you can do that is through affiliate marketing.

In fact, affiliate marketing is a gold mine that has enabled so many people to make money in Nigeria. The great thing about affiliate marketing is that you don’t even have to be the best in your class.

How affiliate marketing works is that you will promote other companies products or services and earn a commission for every sale.

It’s the same thing that happens when an agent helps a landlord find tenants for his house. When the agent brings new people who pay for rooms in this house, he earns a commission.

For example, Kuda Bank has an affiliate program that promises to pay N1000 for every customer referred.

All you have to do is give somebody you know your affiliate link, and when they open an account on Kuda with it, you’ll get paid.

While Kuda is a Nigerian bank, there are several companies abroad that will be happy to pay you to bring customers to them.

If you have never done this before, then the easiest way to start is to join reputable affiliate programs.

In these programs, you will get the necessary training that will enable you to sell. Here are the four most popular affiliate programs in Nigeria:

2. Dropshipping

Dropshipping is another online business venture that you can engage in to earn dollars in Nigeria. With dropshipping, you can start an e-commerce store without the need for inventory.

This business allows you to sell products to customers without physically stocking them. When a customer places an order, you simply forward it to the supplier who handles the packaging and shipping.

This approach eliminates the hassles of inventory management, making it an attractive option for aspiring online entrepreneurs.

If you intend to start a dropshipping business, here are the easiest steps you can take to make it happen:

Choose a niche.

– Choosing a niche means selecting a particular area where you will sell your product. What type of product will you sell?

– Will it be health products or digital products? Once you have selected the area where you will focus, then the next step is to conduct market research.

Conduct market research.

– With market research, you will find out if this business is sustainable. Is there too much competition? Will you be able to market your products easily?

– These are some of the questions you can ask. Read this article to learn how to properly conduct market research.

Find reliable suppliers.

– Look for trustworthy suppliers who offer dropshipping services. You can use online directories, such as AliExpress, Alibaba, or Oberlo, to find suppliers that ship to Nigeria.

– Ensure that the suppliers have good ratings, offer competitive prices, and have a reputation for timely shipping.

Create an online store.

– Set up an e-commerce store to showcase your products and facilitate sales.

– You can use platforms like Shopify, WooCommerce, or BigCommerce to create your store easily.

Customize your store design and make it user-friendly.

Once you have your store in place, then all you have to do is put this store in front of people who need this product.

You can make use of social media ads for this. With N10k, you can drive a lot of potential customers to your store.

The design and aesthetics of your site will determine if these customers will buy your product.

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3. Freelancing: Capitalizing on Your Skills and Expertise

Freelancing is another way that you can make dollars in Nigeria. Find people who need your services and offer this service to them.

If you possess marketable skills such as writing, graphic design, programming, or marketing, freelancing can be a viable option to make dollars online.

Platforms like Upwork, Fiverr, and Freelancer connect freelancers with clients seeking their specific skills.

By creating a compelling portfolio and delivering high-quality work, you can attract clients and establish a successful freelancing career.

But if you have no skill, then your first assignment should be to get yourself one.

There are many skills online that are in high demand.

Most of these skills will take you just one year to learn. After this learning phase, then you can get a job just with your computer from the comfort of your home.

Here are five high-income skills in Nigeria:

Web development
Data analyst
Software developer
Content creation and management
Search Engine Optimization

4. E-book Publishing

Do you have a flair for writing? Consider e-book publishing as an avenue to share your knowledge and monetize your expertise.

Platforms like Amazon Kindle Direct Publishing (KDP) provide a user-friendly interface to publish and distribute your e-books globally.

Amazon KDP is also free.

To get started, log in to Amazon KDP and create a free account. Once you have created this account and added your bank details for you to receive your money, you are good to go.

If you intend to start writing on Amazon, I highly recommend you invest in a course and mentorship program.

With this course, you will be able to know the books that sell the most and how you can easily create them.

The course will also enable you to put your book in front of the people that need them when they come into Amazon to buy books.

With the growing popularity of e-readers and digital content, this business opportunity allows you to reach a wide audience and earn dollars.

5. Online Coaching and Consulting: Guiding Others to Success

If you excel in a specific field or have valuable insights to offer, online coaching and consulting can be a rewarding venture.

As long as you have a skill that people will be happy to learn, then you can easily teach people how it is done.

Skills like how to bake, how to start a successful business, how to make liquid soap, how to make skincare products with natural ingredients are something many people will pay you to learn.

If you are an expert in this field, then good. If not, you can still start somewhere. Wherever you are, there are many people who will be happy to learn what you already know.

You can leverage platforms like Facebook, Zoom, WhatsApp, Telegram, or Twitter Spaces to conduct one-on-one sessions or group webinars.

Helping others achieve their goals while generating income is a win-win situation.

6. Content Creation: Inspiring and Engaging Audiences

Another way to earn dollars in Nigeria is through content creation. The demand for captivating online content is on the rise, creating numerous opportunities for content creators.

Whether you specialize in writing blog posts, creating videos, or hosting podcasts, your unique perspective can attract a loyal audience.

Building a strong online presence will require your time and dedication, but once you have everything set, you will be counting dollars every day.

Explore various platforms like YouTube, WordPress, or social media networks to share your content and build a community around your niche.

To find success, make time to sit down, think, and analyze what everybody is already doing. Think of a way you can be different, unique.

Do something nobody has ever done before. It’s not going to be easy, but think of it as the price you have to pay for you to be successful.

If you can be patient and do what you have to do, you will make a lot of dollars for yourself in Nigeria.

7. Virtual Assistance: Supporting Businesses Remotely

As businesses increasingly embrace remote work, the demand for virtual assistants has surged.

A virtual assistant is someone who assists with tasks such as email management, scheduling, data entry, research, social media management, and more, all done online.

Virtual assistants help people and businesses stay organized. They help people save time, and focus on their core activities without the need for a physical presence.

Think of virtual assistants as secretaries in the office but in the online space.

Let’s say that I have 10 websites, and I have several writers who are writing for me. If I choose to manage all these by myself, it will be too hectic.

But to make things easy and to free up more time for myself, I can hire a virtual assistant who will be in charge of posting blog posts when the writers submit them.

The VA will also be in charge of my email list, digging for keywords, etc.

As a VA, you can work remotely and communicate with clients through phone, email, or online collaboration tools.

Platforms like Upwork and Remote. co connect virtual assistants with businesses seeking their services.

To find quick success in this area, you have to get yourself a skill.

Something that people will be happy to hire you for, such as SEO, Content Creation, Graphic Design, Coding, and How to Make Use of A. I tools, etc.

With these skills in place, making dollars is guaranteed.

8. Social Media Management: Enhancing Online Presence

Another way you can make dollars from the comfort of your home in Nigeria is to be a social media manager.

This means that you will be able to help celebrities, social media influencers, and digital marketers manage their social media presence.

Social media has become a vital marketing channel for businesses to reach their target audience.

If you possess a deep understanding of platforms like Facebook, Instagram, or Twitter, you can offer social media management services.

Some simple tasks you will have to carry out as a social media manager are to engage with customers and post content that they will engage with.

Doing a good job here will showcase your expertise and help you gain a reputation as a social media guru.

With a good reputation, you can find higher-paying jobs, even for international clients.

9. Web Design and Development: Building Digital Platforms

In today’s digital age, having an appealing and functional website is crucial for businesses.

If you have web design and development skills, you can create visually stunning and user-friendly websites for clients.

I was on Twitter the other day when I saw a tweet by a travel vlogger saying she was in need of a web designer.

As a web designer, all I had to do was send my portfolio to her and get hired.

Learning how to design a website is simple. You can do that by subscribing to midnight plans and binge-watching some YouTube videos about it.

It’ll take you one or two months to know your way around.

If you also have the time, you may want to consider adding some coding skills to this. You can also take some free courses for this.

Once you’ve learned, then it’s time to earn. You will earn if you believe in your abilities.

10. Online Trading: Capitalizing on Financial Markets

Online trading offers an opportunity to earn dollars by buying and selling financial instruments such as stocks, currencies, or commodities.

The most popular online trading that you can do to make dollars in Nigeria is by trading forex. This is one of the first things I did when I discovered I could make money online.

While forex trading can be money-consuming if you have no idea how to do it properly, there is a wide margin for success if you can make out time to learn how to do it well.

How do you learn how to do it well?

Invest in a course or a mentorship program by an expert. Go to seminars.

Once you do, raise some money and start trading yourself.

Most of the time, the best way to learn something is to start doing it yourself. This way you will have firsthand knowledge of what works and what doesn’t.

Platforms like OctaFX and Binance provide user-friendly interfaces for beginners to start their trading journey.

Related Post: 11 Best Cryptocurrency Wallets in Nigeria

11. Digital Marketing Agency: Expanding Brands’ Reach

Digital marketing agencies play a crucial role in helping businesses increase their online visibility and reach their target audience.

If you possess expertise in areas like search engine optimization (SEO), pay-per-click (PPC) advertising, or social media marketing, you can establish a digital marketing agency.

The easiest way to start your journey into digital marketing today is to learn how to run a Facebook ad.

Facebook is a money machine if you know how to use it well. If not, you can compare it to flushing your money down the toilet.

One of the best ways to learn how to run Facebook ads is to invest in a course.

I could tell you to learn how to do it on YouTube, but the truth is that you will spend a lot of time bouncing from one video to the next, and you may not find what you are looking for in the end.

So, do some research and find a Facebook ad expert that you like, then find out how much their course costs and invest in it.

Courses will teach you in a matter of days what it may take you years to learn. And they cost very little, like N10k.

With Facebook ad specialization in your portfolio, making dollars is easy.

12. E-commerce Store: Selling Products Online

E-commerce is pretty similar to dropshipping, but it is different. With e-commerce, you don’t even have to open an online store.

Here is what you will do instead.

You will conduct market research in your area and find out something people need but nobody is talking about.

This could be an electronic blender, a fertility product, a health product, something that will make a woman look nice, something that will make people sleep easily at night, or something that will treat ulcers or arthritis.

Whatever it is, make sure it’s something in high demand.

Once you have identified this market, the next step is to look for a Chinese market where you can buy this product very cheap.

But make sure the product is excellent. You don’t want to be selling something people will be disappointed in.

It is very common to buy a product for as low as N200 and sell it for N14,000 in e-commerce.

If you are looking for concrete direction on how you can start your e-commerce journey in Nigeria, then contact Courage Ngele on Twitter and get his course—highly recommended.

Cost: N30k.

13. Graphic Design Services: Creating Visual Identities

In a visually-driven world, businesses require eye-catching designs to establish their brand identities.

If you have a creative flair and proficiency in graphic design tools like Adobe Photoshop or Illustrator, you can offer graphic design services and earn some dollars for yourself.

Tools like Canva.com have made graphic designing really simple, but a lot of people do not know that such platforms exist.

You can learn how to be a great graphic designer by watching videos on YouTube. Once you get the hang of it, then another thing is to create a Behance account to showcase your work.

Develop logos, branding materials, social media graphics, and website designs that captivate audiences and leave a lasting impression.

If you are consistent and always try to improve, before long you will have people begging you to take their dollars for you to design for them.

14. App Development: Building Innovative Solutions

If you are living in Nigeria, you will know that 2022 and 2023 were the worst years for bank apps. A lot of banks in Nigeria had a mishmash because their apps were terrible.

Now, this is a give of opportunities if you know how to develop and fix apps. With this knowledge, money will never be your problem, especially in a country like Nigeria.

Nigeria has 230 million people, but only 31 million are active social media users. This shows that if you decide to do anything online in Nigeria today, then there are lots and lots of opportunities for you.

Like I’ve said in this article from the beginning, whatever skill you want to learn online today, take out a year to do so.

Since you could go to a university for four years, then you can also make out a year to learn a high-income skill that is guaranteed to put dollars in your pocket.

The ever-growing mobile app market presents opportunities for skilled app developers. If you possess coding knowledge, you can create innovative apps to solve specific problems or cater to specific interests.

Platforms like Google Play Store and Apple App Store provide avenues to monetize your apps through paid downloads or in-app purchases.

15. Blogging

Blogging is something I would highly recommend you start if you are somebody who likes to write. It is one of the easiest ways to earn dollars in Nigeria.

The trick to finding success in blogging is to carve out a niche for yourself before you even start. Think of something that you love talking about, something you love writing about.

Then write it down. Once you have it written down, go to ChatGPT and ask this question.

“What are some unique, out-of-the-box ways that I can start a blog in this niche in Nigeria?” ChatGPT will provide you with some ideas that you can use to start your blog.

Once you have your idea, the next step is to dig for keywords in this niche. Keywords are the phrases that people are typing into Google when they are looking for something.

For you to be reading this article, then you must have typed something related to“making dollars in Nigeria.”

The best tool for finding these phrases is Semrush and Ahrefs. They are both expensive, $99 per month. But SEMrush gives you one-week free trial, so make use of it.

If you intend to be successful in your blog, you have to make time to always learn, always keep learning. That’s how you stay ahead of the game.

And whenever you begin to earn money, invest in a course. This will expand your knowledge.

Blogging requires time and patience. That is one downside about it, but once it begins to pay you, you can make as much as $100 every day.

16. YouTubing

Apart from blogging, YouTube is another easy way you can make dollars in Nigeria.

Forgive me if I keep saying easy, but the truth is, all these online businesses mentioned in this article are easy. You only need to approach them with the right mindset.

If you can go to school for four years without earning anything, then why should this one be difficult?

Igbo Apprenticeship can go for as long as 8 years.

Dedicating just one year of your life to learn a skill online will leave you a billionaire in 8 years’ time in Nigeria.

I know it may sound like a film trick to you, but I promise, I’m saying the truth.

YouTube is easy if you are somebody who has no problem standing in front of a camera. The only problem is what do you intend to talk about.

According to Ali Abdaal, who is a successful YouTuber with over 4 million subscribers, what he advises is this:

“Even if you have nothing to talk about on your YouTube channel, just start. Make it a habit to post consistently.

As you keep doing it, your niche will come to you.”

FAQs

How Much Money Can I Make From These Online Businesses?

Everything mentioned in this article can give you as much as $100 every day or as low as nothing.

How much you earn depends on factors like your effort, market demand, and competition.

With dedication and strategic execution, many entrepreneurs have achieved significant financial success.

Do I Need Any Specific Qualifications to Start These Businesses?

The beauty of online businesses is that you can start them based on your skills, interests, and passion.

Most of the time, one year is enough for you to learn. Remove money from your mind in this first year.

Just learn, learn, learn, and learn. And whenever you get the chance, implement.

While some businesses may require specific qualifications or certifications, many can be pursued by leveraging your existing expertise.

How Can I Promote My Online Business?

Effective marketing strategies include social media promotion, content creation, search engine optimization (SEO), influencer collaborations, and paid advertising.

But, if you have no money for paid promotion, you can also find success by doing this organically. By organically, I mean by posting unique content people will engage with.

Take the time to research something and write about it. Whether it is a problem you are facing or a problem other people around you are facing.

It just has to be something that people will be glad you put out.

Are These Businesses Suitable for Beginners?

Yes, I’ve written them specifically for beginners. If you were an expert, you wouldn’t be here looking for how to make dollars in Nigeria.

If you have the money, I highly recommend you do some research and get a course on whatever you choose to pursue.

Everything is hard in the beginning, but with perseverance and a willingness to learn, you can only get better.

Are There Any Risks Associated With These Online Businesses?

Like any business venture, there are inherent risks involved.

The biggest risk in any of these online businesses is that you may do them for some time without earning money.

If you have never earned dollars before, then you will have to unlearn some things you already know. So this may take some time.

Often, the only thing preventing you from earning online is your mind and mentality. Once you get over them, dollars begin to rain down.

Can I Do These Businesses While Maintaining My Full-Time Job?

Absolutely! Many online businesses offer flexibility, allowing you to manage them part-time while maintaining other commitments.

I wouldn’t even advise you to quit your job so soon unless you begin to earn as much as you’re earning in your job.

As you build your business and start generating income, you can gradually transition into full-time entrepreneurship if that’s your goal.

Remember, the beauty of these online businesses is that you have control over your time and can tailor your schedule to fit your needs.

Conclusion

In conclusion, there are numerous opportunities to make dollars in Nigeria through online ventures.

By leveraging your skills, passion, and dedication, you can tap into the vast potential of the digital economy.

Whether you choose affiliate marketing, dropshipping, freelancing, content creation, or any other online business, remember that success takes time and effort.

Invest in your knowledge, continuously learn and improve, and be willing to adapt to market demands.

Stay focused, be patient, and with persistence, you can achieve financial success in Nigeria’s thriving online landscape.

Wishing you the best in your journey to making dollars in Nigeria!

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