How to Make Money Online in Nigeria (2023)
Are you looking for ways to make money online in Nigeria? If so, you’re in luck! There are several options available to you, and in this post, we’ll explore some of the best ones.
So whether you’re a stay-at-home mom looking for a new source of income or a college student looking to make some extra cash, read on for tips on how to make money online in Nigeria.
The economic state of Nigeria has left many people unemployed or underemployed. Yet, the cost of living keeps rising. There has been a massive shift to the online space as people become more aware of online career opportunities.
You can make money online in Nigeria by side hustling or building a full-time profession.
There are ways to make money online in Nigeria and there are so many online businesses that pay daily in Nigeria. . This blog post will serve as a guide to help you get started.
16 ways to make money online in Nigeria
1. Forex and Commodity Trading
Forex and Commodity Trading is one way to make money online in Nigeria. Forex trading involves the trading of currencies and foreign exchanges. Before now, it was reserved for big corporate institutions like banks. Today, individuals with reasonable start-up capital can create and fund accounts on reliable brokerage platforms.
Commodity trading, on the other hand, is just like forex trading. One deal with trading currency pairs like USD/GBP, while the other deals with commodities like gold, oil, etc.
To get started, read articles, and books and watch videos on YouTube. There are lots of quality resources that are available for free. You might as well want to enroll in paid courses and get hands-on experience through mentorship programs before starting.
The trades are high-risk and volatile; hence, getting prepared beforehand will save you the trouble of encountering avoidable losses.
Also read: 11 Best Cryptocurrency Wallets in Nigeria (2023)
2. Start a YouTube Channel
If you have a flair for making short videos and skits, YouTube is a great place to generate revenue from your videos. Youtube is one of the best platforms to make money online in Nigeria.
YouTube has become a search engine over the past few years. There are all sorts of content on the platform ranging from education to entertainment, health, wellness, and spirituality.
Carry out some research about the least saturated niche. Although, you are less likely to find one. Also, you can create videos on a niche that piques your interest. However, you may need a strategy to outperform your competitors to get views.
They monetize your channel when you hit 1000 subscribers and 4000+ view hours. Ads are then displayed on your videos. The ads revenues are split between YouTube and you, the creator. On average, creators make $3 per 1000 views. But, don’t be discouraged, many people are making a living doing this, and you so can too.
Do you love writing? Would you like to share your knowledge or experience about a subject matter and make money off it?
Blogging is the number one way people make money online in Nigeria. Many prominent bloggers are making a lot of money through their blogging platforms. From Linda Ikeji to Uche of Bella Naija.
It has become very easy to set up a blog. You have to download a website builder like WordPress or Blogger and design your blog. Afterward, upload a couple of articles and apply them to partnership programs with advertising companies. If you get approved by, say, Google AdSense or Adsterra, you will be making an average of $2 for every 1000 visits to your blog.
4. Affiliate Marketing
What is Affiliate Marketing? Affiliate Marketing is a system in which an Affiliate Marketer promotes another person’s or company’s product to earn a commission on every sale. Affiliate Marketing is a way for businesses to partner with content creators, such as bloggers, to drive traffic and sales to their products or services.
Affiliate Marketing is a type of marketing where you (the Affiliate) promote someone else’s product in return for a commission on every sale. Affiliate Marketing is an excellent way for businesses to get their products in front of new potential customers without having to invest in expensive marketing
An Affiliate is someone who has built an audience for whatever they’re promoting, whether that’s a service or product. Affiliates are often bloggers, independent publishers (such as bloggers), or any content creators with an audience of their own.
There are so many affiliate marketing programs you can sign up for. Otherwise, you can reach out to businesses and self-employed professionals. Once an agreement is reached, you can start marketing the products.
How much can you make from affiliate marketing?
Affiliate marketing is one of the best ways to make money online in Nigeria. You can make lots of money from affiliate marketing. By lots, I mean more than enough to support your monthly expenses, holiday trips, and vacations. Although, you would need to be skilled in marketing and communication.
Here are some of the popular affiliate networks in Nigeria:
- Commission Junction
- Jumia Affiliate
- Impact Radius
- Konga Affiliate.
SEO stands for search engine optimization, and this refers to the tactics used to increase a brand’s visibility on search engines. The wonderful thing about this career path is the rising need for SEO professionals. Virtually every brand needs to be seen by its customers.
The services rendered by SEOs range from website optimization to content creation and link building. You need to know SEO to become a pro blogger and make money online in Nigeria.
There are many courses available on reputable sites like Coursera and Udemy. They would help in polishing your skills. You can turn to YouTube to acquaint yourself with all this entails for a start. Consider working as an intern before working independently, as it gives you an edge and makes scaling up a lot easier.
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6. Amazon Kindle Publishing
Amazon remains the most significant retail store online. When it comes to books, it’s the one platform buyers trust. As easy as KDP appears, many people have trouble uploading their works, formatting to amazon standards, and selling.
If you find these things appealing, you can render this a service to aspiring authors. Fiverr is an excellent place to start offering your services, and it’s a freelance platform, and all you have to do is open an account, create a gig for your services, and market it.
7. Amazon FBA
As an Amazon FBA, you would sell your products or get paid to help people sell their products.
To do this, you need to know the ins and outs of Amazon, from account creation to product positioning, ads, algorithms, and sales accounting.
Many seller courses are available on Udemy that would equip you with the right skills for this position.
8. Domain Name Investing
Domain Name investing can be likened to real estate investing. A domain name investor is a skilled researcher researching existing domain names and purchasing the ones likely to rise in demand.
The investor incurs the cost of the domain name for years, and when a buyer approaches to acquire the domain, they reach an agreement, and it is sold. Usually, such a domain is sold ten times higher than the regular one. Most people make money online with Domain Name investing.
Domain name investing is not a way to earn consistent income as there is no way to measure what time a potential buyer will come around.
9. Content Creation
Everyone needs content, from personal brands to small businesses and big brands. Content remains the soul of business. However, the content creation industry still has a shortage of content creators. So, it’s a thriving market with space for more sellers.
Kinds of content brands require sales copies, web content, ebooks, videos, courses, etc. Think about each type of content properly and pick the one you can create easily. Fine-tune your skills with videos and courses. To get jobs, consider cold pitching or registering on a freelance site like Upwork.
According to Google, content is still the king of online money-making.
10. Social Media Management and Marketing
Social media is one of the largest gatherings of this century. Leading social media sites like Facebook, Instagram, and Twitter boast millions of active users.
Businesses haven’t relented in seizing this opportunity to market their products. They do this by keeping their media pages active all through the week. Small and large businesses often need creative social media managers who can sustain the attention of their followers. Furthermore, this goes beyond merely uploading photos and videos.
Businesses have to reach more people to increase sales and keep their follower base informed and entertained. When hiring, most businesses are looking for people who can manage and market their social media presence.
Joining the market with a combination of these skills increases your chances of being hired. Sites like YouTube, Udemy, and Coursera will teach you all you need to know. Once you are ready to get a job, grow your network, join groups on and off social media, then register on freelance platforms. With time, your dream job will find you.
11. Website Designing and Development
Due to the way cultures have changed, businesses cannot help but create their headquarters both offline and online. That small bakery store down the road now has a website, and even that dental clinic with only a handful of customers owns a website too. You must be wondering why even small businesses with little funds invest so much in website design.
A well-designed website is an online base, and it attracts more clients for a business, and people can reach out online and make major inquiries. As a result, website designers are paid good money because they bring so much value to the table.
But, don’t rush into offering website design services. Understand what it requires in detail, so you don’t end up designing crappy websites.
Website development tends to be more tasking; hence developers are paid higher than designers. Spoiler alert, you can be a designer and a developer. Do well to invest in valuable courses. Design and develop a couple of websites for free to build your portfolio.
This will help you get established to get worthy clients wouldn’t be a tough hunt. The best place to start your web design project to make money is Fiverr.
12. Android and IOS App Creation
Businesses that have gained popularity and trust with a vast customer base are likely to launch apps to support the smooth running of their business. Who do they run to at such a moment? An app developer.
Most app developers are website developers, but you can offer only app creation services. Usually, the web pages of the business website are taken and configured to meet the style of an app. In rare cases, significant tweaks are made to the app, and the process tends to consume more time.
Above all, creating an app is very easy, and you only need to learn the basics.
13. Graphics Design
We all need colorful graphics for events ranging from weddings to birthdays, webinars, and book launches. Other cases where designers are hired include book illustrations, cover design, graphics for websites, clothing brands, flyers, banners, logos, and anime.
Some jobs may require a bachelor’s degree in Graphic Design or a related field. Although a diploma usually suffices, sometimes all that is examined is your skillset.
There are many aspects to graphic design. It is way beyond downloading Canva and changing the colors of available templates. Take courses and guided projects online. Opt-in for volunteer positions. Practice well before taking paid jobs. When you approach firms with a lot of experience, they would have no choice but to accept whatever you charge.
14. Selling Courses and Coaching Programs
The coaching industry has no clear-cut regulatory measures on practicing, and all that matters is your client’s satisfaction. So if you feel you have what it takes, feel free to bring down a coaching banner and start your very own coaching program.
There are so many kinds of coaches out there. You can be a fitness coach, a wellness coach, a life coach, or a writing coach. You can build a coaching business based on any niche you have experience with as long as beginners seek guidance.
You can also create courses and sell them via your website or a platform like Udemy. It’s very easy to build a continuous income flow from this alone. Moreover, you must acquire the necessary skills that will be needed before starting.
15. Virtual Assisting
Busy start-up CEOs and self-employed professionals often wear many hats. It can be challenging to keep it all together, so sometimes, they hire virtual assistants to relieve them of some basic tasks.
Most virtual assistants are generalists and multi-skilled professionals. They possess data entry, typing, research and analysis, social media management, basic marketing, and effective communication skills. They are paid per hour or month based on their experience level.
Virtual assistant jobs are everywhere. From social media to offline gatherings and freelance sites. The right dose of confidence is all you need to land a well-paying position.
You can become a consultant in any field that you find interesting. All consultants have in common that they are well-paid and value their time.
To become a successful consultant, you must equip yourself with enough knowledge in your industry. Most consultants are thought leaders and authorities in their niche. So, whatever industry you pick, you need to spend time polishing your skills and gaining experience before anyone can pay you for consultations.
FAQs on How to Make Money Online in Nigeria
1. How Can You Make Money Online Right Now?
It is possible to make money online in Nigeria, and millions of people do it daily. From freelance digital nomads to savvy marketers to rising entrepreneurs – there are many ways you can do this from home. Just use your laptop, a strong internet connection, and hard work!
2. What are the Best Jobs to Make Money Online?
You can make money online in Nigeria with so many jobs, but only a few are lucrative. Affiliate marketing and content writing are something you can do with little investment. Also, starting a blog or a youtube channel can be more of a long-term investment to make money online.
Remember, many jobs out there pay well online in Nigeria.
Conclusion: How to make money online in Nigeria
There are many ways you can make money online as a Nigerian, and you have to be creative and think outside the box. Instead of waiting for a job that may never come, learn a few skills, practice, improve your self-confidence, and continuously pitch yourself. Side hustles allow you to build on an additional income stream that does not coincide with your primary job.
Making money online is a viable option for Nigerians who want to be self-employed and earn from home. There are many ways you can make money through the internet business, but there are also things that you need to consider before diving in headfirst.
Have you tried any of the options above? Let me know in the comment section.