Ways To Make Money Online In Nigeria
How To Make Money Online In Nigeria
Making money online has never been this easy. With the internet and your mobile phone or a PC, you can profitably build a multimillionaire business right from the comfort of your bedroom. But the problem is where do you start? Or rather, how do you go about it?
You would agree with me that the rate of employment in Nigeria is increasing day after day. So, making money online isn’t a bad idea at all, whether you are an employee, a student, an unemployed graduate. After all, there is no single rich man who has a single source of income.
You spend money each passing day either deliberately or not. Therefore, have multiple sources of income is important.
There are many Nigerians that have turned the internet to an ATM right from the comfort of their home. The possibility of making ends meet from the internet is endless.
Without further ado, here are ways you can make money online in Nigeria.
How To Make Money Online IN Nigeria
There is no doubt that blogging is a very lucrative business. Blogging still ranks the number one opportunity stream to make money online here in Nigeria.
Blogging is of various types. But all boils down to sharing information. As said, bogging could be about anything, ranging from politics, health, food, sports, business, and jokes. Anything you can ever think of writing about.
But then, you need a website to run this business. Once you setup your blog site, you can begin to publish on it. However, you should endeavor to blog about a niche that is profitable and scalable. For example, business, health, and others. All bogging niches are profitable but not all are very easy to grow. Growing a business blog in Nigeria is much difficult than growing a news blog or entertainment blog. So you need to choose wisely.
Once you start getting a considerable amount of traffic to your blog, then you can monetize it using Google AdSense, which is the most popular means of making money online. Also, you can join affiliate marketing and other paying methods of making money online, like accepting sponsored ads, guest posts, and others.
The good 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.
One important aspect of blogging is that it can make you money even while you sleep if you have streams of visitors coming to your blog every day. The like of Linda Ikeji is an example of a blogger who is making it real big in Nigeria. The challenge has always being how to grow traffic.
2. Affiliate Marketing
If you are good with marketing online, then making money online is just a tip away. Affiliate marketing is a leeway to make money online, without spending a dime.
Affiliate marketing defined is about recommending products to people who need them online, through you. When you register for any affiliate marketing program, you will be given a custom link that bears your special identity, making it possible for you to track any transaction that occurs through you.
All you need to focus on is to find an attractive affiliate network and join. Research about the products they offer and use Google trends or Facebook analytic to know the market demand for the product you want to sign up for. It is that easy. You can then start to promote the product through Facebook, Twitter, Instagram, Pinterest or any other social media. Note that the country that you are promoting the product will determine the social media platform to use. If there are a large number of buyers in Nigeria, then you need to use the best social media advertising platforms.
Also, you can promote the product on your blog or website if you have good numbers of visitors.
More so, consider products with a high commission like health and fitness products. Some of them carry up to 30% commission. So, imagine you promote a product worth N20, 000 and make a total sale of 40 for the month. That is, N20, 000 x 40 =N80, 000, then N80, 000 x 30/100 = N24, 000. If you make more sales, you have higher chances of making huge money. And if you’re determined to make even more profit, you can consider sponsoring an ad for the product with your link.
YouTube is a video sharing social media platform. The platform is capable of making you rich beyond your imagination. Smartphones are getting smarter these days. With your android phone, you can make videos and upload them on YouTube to make money.
Start by making videos of things you know very well. It could be jokes, advice, or training on a particular subject matter. Upload the video to your YouTube channel. Share the video with your friend who may have an interest in the video and encourage them to share with friends too. If what you are doing appeals to people, they will begin to subscribe to your channel. Then you can monetize it if you have a considerable number of persons coming to watch the video using Google Ad, affiliate links and other methods.
Freelancing was the first means I made money from the internet. Freelancing is using your skill(s) to render service online and in turn, get paid for doing so.
So, what skill do you have? In my case, I was committed to graphic design, then I developed to website design and today, I also make contributory articles to websites where I get paid for doing so.
To make money from freelancing, all you need is to have a potential skill or talent. You could be a graphic designer like me, a writer, web developer, or you are good at spotting mistakes in people's write up. Then, you are in to make money online as a freelancer. The skills I mentioned are not the only skills you can make money from. There are thousands of them.
If you already have a skill, your next task is to find people who need your skill and market it to them. Or you can register with freelancing websites like Fiverr, Upwork, Freelancer, and Guru and others. Set up your profile on these platforms and start working.
Importantly, as a freelancer, you work from the comfort of your bedroom. The client need not know you or see you. All you need is a comfortable PC or a nice Smartphone and an internet connection.
I know some friends who make the least N50, 000 monthly working as freelancers. But then, you need to be good at what you do and deliver on time to be able to retain your first-time clients.
5. Social Media Marketing
It is now very common to find people who are making a full time aiming from Social Media marketing. With the way things are going, the social media market will soon replace traditional forms of marketing. So, why not leverage this now and change your financial status?
But what then is social media marketing? Simply put, social media marketing is helping businesses, organizations and individuals connect with their audience through social media to increase media visibility and make sales. Social media platforms are changing the way so many things are done.
Facebook alone boasts having 2.1 billion monthly active users and still increasing. With this massive figure, I tell you, every business needs to leverage it to drive sales and traffic to their business. And for the fact that most Nigerians spend a considerable amount of time on social media platforms like Facebook, Instagram and Twitter majorly have sprung forth new business opportunities for those who possess social media marketing skills.
To become a social media marketer, you need to understand social media algorithms. In other words, you need to know how social media functions. It’s always advisable to start with a particular social media and advance to other social media platforms. This will give you more focus rather than trying to master all the platforms at once. Well, if you can go all at once, then what stops you?
Whether you like it or not, social media marketing has come to stay. It has received the blessings of the future.
6. Social Manager
Many businesses are looking for competent hands to manage their social media pages. And this has opened another stream of income for social media gurus. So, if you love being online, why not monetize it to make money? You can become a social media manager.
This, however, requires you to know how these social media work.
Some persons prefer to specialize in a particular social. For example, there are those known as Instagram Page Managers. The job is to manage an Instagram account for those too busy to do so and to grow an Instagram account for organic traffic.
Daily, I see adverts for the position of the social media manager. Most celebrities use social media manager’s to handle everything about their online presence.
As a social media manager, you have to be strategic – developing ideas to grow and engage your audience online. You must also, know how to use hashtags and how to convert prospects into paying clients. Away from that, knowing the sizes of photos to be used in social media is important.
To start to create a social media account; Facebook page, Instagram account, Twitter handle, etc – depending on the platform you want to begin with. The reason you are creating this account is that charity begins at home. Some clients will request to see a page you have managed before. Thus, with that, you have a go-to page.
7. Create An Online Course
If you are skilled in any subject matter, the best thing to do is to find people who need that same skill and train them. Creating an online course is very profitable because once created can be used over and over again. However, the difficulty always lies in finding those in need of it. With the help of social media marketing, you can meet with those in need of the online course you have created.
Last year, I conducted training for people on website design. Till now, that training material is still available with online little improvement.
The one most interesting aspect of creating an online course is that you can teach people from around the globe right from your home.
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8. E-commerce Business
Whenever the word eCommerce business is mentioned in Nigeria, people often think of selling clothes or electronics like jumia, Konga and the rest of others. But that is not only what eCommerce business is about. Amazon is an eCommerce business own by Jeff Bezos.
Ecommerce business is the buying and selling of products online. Basically through a website designed for that purpose. If you don’t have enough capital to stockpile your product in a warehouse where customers can come and buy, you can start an eCommerce business. Or if you don’t have money to buy the product you want to see, you can start dropshipping.
In dropshipping, for instance, you don’t need to have the product. All you need is to create an online store, copy the details of the product from manufacture and place on your store. Once anyone places an order for the product, you then forward the order to the manufacturer or supplier, who will ship the goods to the buyer, and you get your money.
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9. Publish Book Online
If you are like most people who love writing, then publishing a book might be another lucrative way to make money online. There are thousands of things to write about – a story, review, business/entrepreneurship studies, educational, etc. But just make sure it is worth reading.
There are many platforms to publish your book online. Okadabooks is your online book publishing website that will assist you to take charge of the publishing. Another good platform is Smashword. Smashword helps you to do everything; cover design, editing, marketing, and others.
However, these websites charge a commission for every sale they make for you.
10. Trade Forex, Cryptocurrency And Binary Options
To make money from these platforms you need to understand them well enough before going into any of them. But as far as I know, they are lucrative, at least for now and are set to expand even bigger in the nearest future. For instance, the bitcoin market is worth $94 billion.
To make money online is difficult and easy to achieve. It all depends on you; how serious and committed you are to the task. Consistency is key to any online business.
Further, now is the perfect time to leverage on any of the above methods and make money. As of now, the markets for these niches are very active. You need not wait for so long. It will require you some hard work and commitment to fully master these ideas. But the time is worth it.