Everybody’s looking to make money online in Nigeria. While the ways to do this are numerous, not a lot of people are aware that they exist. There are things all around us that could translate into money-making ventures and it is great if we discover them.
In this post, we’ll walk you through a number of ways to make money online in Nigeria. Read through.
READ MORE: How to Set Up Google My Business for Your Small Business.
Make Money Online in Nigeria
1. Blogging
This is one of the top ways to make money in Nigeria. It involves owning a blog and writing content around what other people are interested in. Hence, when people begin to visit your blog, you can make money via Google Adsense or other third-party ad platforms. Or even sell your own products on the blog and make money directly.
To start a blog, you’d need a domain name. Platforms like Namecheap, GoDaddy let you open a domain name and host it. You’d also need a blogging platform like WordPress, Blogger, Ghost, or any of the other popular ones. You should also determine what you intend to blog about and what kind of content you’d churn out before you begin.
2. Vlogging
You can decide to vlog on platforms like TikTok, Instagram, but if you want to earn money through Vlogging, your best bet is YouTube. Vlogging is the act of post short videos on online platforms for the entertainment or education of others. When you meet YouTube requirements, you can register as a partner and start making money from your videos when ads are placed on them.
To open a YouTube channel, you must have a Gmail account. Just head over to YouTube and create your channel from the settings section. You can start posting videos immediately.
3. Affiliate Marketing
Affiliate marketing simply means helping other platforms sell their products and earning a commission in the process. For example, you help Company A market their product for N50,000 naira. When someone buys through the link you provide, you get a 50% commission (for example) which is N25,000 naira. This happens for every customer that buys through you.
You can get started with affiliate marketing on platforms like Expertnaire, JVzoo, ShareASale, Amazon, Jumia, Konga, ClickBank, and more.
4. Mini Importation/E-commerce
Have you wondered how those fancy appliances you use get into the country? Yes? There are people who import them and sell them to you. Some people do this on a large scale while others do it on a small scale. You can do this on a small scale and still make money online in Nigeria. To make a profit on this, you’d calculate the cost of importing and then add an extra for profit.
Getting started with mini-importation requires you to find a product to sell, look for a supplier (most people use Aliexpress or Alibaba), look for an agent to ship it into the country, and go from there. China is a great place to source your mini-importation suppliers from.
5. Trading Cryptocurrency
While the volatility of cryptocurrency means the risks involved are higher, it also means the returns can be a lot too. Trading cryptocurrency online will mean you get to buy coins at low prices and sell them at high prices. The markup between the cost and selling price is your return. Please be informed that there can be risks involved like with any other sector.
You can buy and sell crypto on a number of platforms in Nigeria. Some of these include Luno, Paxful, Binance, Buycoins, Busha, Bundle, Yellowcard, Quidax, and so on. Just download their apps, fund your wallet, and research coins to get started with.
6. Trading US Stocks
Just like with cryptocurrency, you can also trade US stocks online. However, stocks are not as volatile as crypto. But the same thing applies here. You’re aiming to buy these stocks at a low price and sell at a high price. Rinse and repeat.
Platforms that allow you to buy and sell stocks in Nigeria include Bamboo, Chaka, Trove, Passfolio, and so on. Do your research on which stocks to start with and you’re good to go.
7. Holding WhatsApp Classes
Do you have sufficient knowledge in any field? Maybe baking, e-commerce, cooking, e.t.c. You can organize a WhatsApp class to teach other people these things and make them pay for them. Because people are always looking to learn stuff, you can make money online in Nigeria by teaching what you already know in WhatsApp classes.
To get started, search for that thing you know very well, create a syllabus and start to market to people that might be interested in learning how to do it.
8. Selling E-Books
Like WhatsApp classes above, you can package your knowledge in the form of an Ebook, and sell it to interested people. With this, you don’t even have to go through the active process of teaching. People who buy your Ebook will learn from what you have compiled in it and can reach out to you for further questions.
Choose what exactly you want to write about and make sure to do even more research about the topic. It’s important that your Ebook buyers see value after they have paid for the book.
9. Freelancing
You can decide to become a freelancer on many freelancing platforms to make money online in Nigeria. Sometimes, to become a freelancer, you don’t need to have core skills. If you can use a laptop, you can freelance. Because there are freelancing gigs like data entry, that needs you to just enter data into tools like Microsoft Excel.
Check out platforms like Upwork, Fiverr, Freelancer and you’d see a lot of gigs for you. From graphics design, software engineering, data entry, data analysis, and so on. Create an account on these platforms and start applying.
10. Become a Merchant
A merchant in this sense means you can make money online in Nigeria by helping financial companies sell their services to people. For example, you can help electricity companies sell electricity to normal customers. Hence, you’re their merchant. Or help people make transfers using fintech apps and earn a commission on each transaction.
Browse through the many FinTech apps we currently have and decide which you want to be a merchant for. Then, start marketing the services to people who’d need them and get your commissions.
11. Resell Airtime and Data Bundles
All the Telcos have people who resell airtime and data bundles to others around them. This is a great way to earn money online in Nigeria. So, people can buy their airtime and data bundles from you instead of from the Telcos directly. Then you buy from the Telcos in bulk and dispense. The more people you know, or can market to, the better for you.
Check out the websites of MTN, Globacom, Etisalat, and Airtel, and there’ll be steps on how to be an airtime or data bundle reseller.
12. Social Media Marketing
Social media marketing can be very wide. However, since there are a lot of businesses that want to grow, you can help them leverage social media to grow. This ranges from running ads to creating content, curating proper hashtags, and more.
If you know how to do these, cold message businesses online and offer your services. And you’d be paid for them.
13. Trading Forex
You can also trade forex to make money online in Nigeria.
14. Become a brand influencer
If you have a significant following on social media, you can partner with brands to help them sell to your followers. This will work very well if you are able to properly influence your followers to patronize a particular product or brand. This means your followers have to trust you to be able to do this.
Work on creating content for your followers that will allow them to trust you. Then go-ahead to pitch to brands on why you should be their influencer and what they will get if they consider you. You can provide stats like likes, saves, engagement, share, conversions e.t.c. If they think you’re a good fit, you’d get paid for it.
15. Become a Virtual Tutor
You can decide to be a virtual tutor to make money. This can range from earning as a virtual tutor for children in the country to a language tutor for students outside Nigeria. It depends on the platform you register on.
16. Refer New Users to Apps
Different apps have referral programs. Because they want to keep growing, they depend on current users to refer them to other people and pay them for it. So, if you use a savings app, for example, you can refer your friends and family members to register on the savings app too with your link. Once they do, you get paid for it.
Look through the numerous app you use and see which one will also be useful to other people you know. Afterward, create your referral link or code and start talking to other people about it. Also, make sure to read their referral terms and conditions if you choose to go this route to make money online in Nigeria.
17. User Testing
With the rise in mobile apps and web platforms on a daily, these people need testers to make sure their product is solid before releasing it to the public. This is where user testing comes in. Basically, testers will go through new apps and websites to use them as a normal user would. In this case, though, they’ll give feedback to the app developers on what to improve on.
One good way to start this is releasing out to tech companies and offering to test their product and give them proper feedback. You can even test it and give preliminary and useful feedback for free. Then get them to pay you for a more holistic test.
18. Fill out Online Surveys
Data is life. Data is the backbone of many businesses and the decisions they make. That’s why many companies are very interested in surveys. This is to the extent of even paying people to fill them. Yes, some companies pay you to carry out surveys and want you to be as truthful as possible. So they know they’re getting good data.
Look out for these companies. Check out random websites, join forums (there are a number of these), and make money online in Nigeria by filling out surveys.
19. Content Writing
Do you have a knack for writing? There are a number of bloggers who are always looking for people to write content for them. So, basically, they give you a topic to write about, you research and write and get paid. Payment for content writers can be per word or per article. This is entirely dependent on your agreement with your employer.
To begin, you can check out random blogs. There’s usually a “Write for us” section or a “Come work with us” page that details if they’re looking for writers at that moment, what exactly the job entails, and the process of application. Content writing can be done from the comfort of your home.
20. Become an Online Product Reseller
If you think you don’t have enough money to do mini-importation, there are wholesalers in Nigeria always looking for retailers. You’d buy at a price from them and resell to people in your contact for a slightly higher price, then keep the profits. This will save you the sum you think you need for mini-importation as you can start this with as little as N5,000 naira.
Browse through pages on Instagram and you’d definitely see a number of products from wholesalers that you can resell. Decide on which products to resell and start marketing to your contacts.
And those are 20 ways you can make money online in Nigeria. Please let us know in the comments section if you need more information on anyone, or you have ideas on other ways.
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