How To Make Money Online
If you are looking for ways to make money online in Nigeria, you are in the right place. On this page, we will be regularly updating the top ways you can make money online in Nigeria. If you are looking to make extra income or to make a financial breakthrough, making money on the internet is an excellent option.
There are many reasons that you should consider making money online. As a student, you can make extra money to take care of yourself while in school. If you are looking for a job, you can become your own boss on the internet. If you want to become rich, you can do it on the internet. The possibility is endless.
Table Of Contents:
Top ways to make money online in Nigeria
- Affiliate marketing
- Social media networks
- Sell on Jumia
- eCommerce business
- YouTube channel
- Trade Forex and Binary options
- Create online courses
- Sell on Konga
1. 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, any other social media, or 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 key into it and make money via affiliate marketing. The most popular affiliate networks are Commission Junction, Impact Radius, Linkshare, Jumia Affiliate, and Konga Affiliate.
If you are looking for an online business in Nigeria that pays, then it is a superb choice.
2. 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.
3. 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, books, 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.
4. eCommerce business
eCommerce business is a business that can make you a billionaire. The richest man Jeff Bezos is into the eCommerce business. Am sure you have heard of Amazon, he owns that.
eCommerce is about buying and selling products online. You can create your own 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!
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 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. Don’t worry, we have a solution for you.
6. YouTube Videos
If you love making videos on your phone or with a camera, you can make money uploading those videos on YouTube. YouTube is a video-sharing platform. It can make you rich and it can also make you a star!.
You can make videos about anything. You can talk about anything. Just upload them to YouTube and share them across your social network. Build your brand. As you get views, use Google AdSense, affiliate marketing, and other methods to make money from your videos.
Am sure you have heard of Mark Angel comedy and Emmanuela who became YouTube stars and millionaires. That is the power of YouTube.
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 study and understand the market. Buy 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.
8. 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 is like forex trading but easier. You have options, basically, to predict if the price of a particular currency or commodity will go up or come down. And you make money from it.
With a platform like Deriv, you can trade forex and Binary Options easily. Click here to sign up.
9. Create an online course
Online 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.
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, and so on. You can create a course and teach it to people around the world. These people will buy your course.
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.
There are many platforms that make teaching online easy. Platforms like Teachable, Udemy, Skillshare, and more.
10. 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.