14 Awesome Ideas to Make Money in Nigeria

With continuous technological advancement, people are becoming more curious about discovering ways to make money online, especially in Nigeria.

Whether a university student, a recent graduate, a job seeker, or even a full-time employee who is tired of their 9 – 5 job, everyone is exploring the internet to find the possibilities of making huge cash by just pressing their smartphones.

Make Money in Nigeria

In recent times, many Nigerians have become frustrated with the country’s economic situation and unemployment rate. Some persons have argued that there are no jobs in Nigeria anymore. Be that as it may, Nigerians have resorted to the internet to generate income and make thousands of naira and some millions from the internet.

As you read through this article, you will soon discover ways to become a Nigerian who makes thousands of naira from the internet without dressing up for work.

But before we proceed, it is good you note that as much as you genuinely want to make money online, it is also essential that you know that there is no such thing as get-rich-quick. Every person you can think of who has made money online got there by consistency and hard work.

If you are ready, let’s dive right in:

Blogging

Blogging has always been one of the surest ways through which Nigerians make cool cash online. You can make money from blogging if you know how to write about anything.

If you consider starting a blog, you can monetize your blog by accepting display ads and sponsored posts. An average blogger can make about N500,000 a month.

You have to note that there a countless blogs in Nigeria. Therefore, if you genuinely want to succeed in your blogging business, you must put in extra effort for you to stand out.

These days anyone can quickly start a blog without coding or paying a web developer. With platforms like WordPress and Wix, you can build a website by some drag-n-drop method.

There are various niches you can find interesting topics to write about, from entertainment to finance and health.

As your blog begins to grow and gain traffic, you can set email marketing campaign. That is another way bloggers that make money online.

Vlogging on YouTube

Did you know you could also make money by starting a YouTube channel and making videos about things you are passionate about?

Just like blogging, Vlogging is another way you can make money online. The difference between blogging and Vlogging is that in Vlogging, your primary focus will be on videos. You can choose to Vlog about your personal affairs or topics that people will enjoy.

To take more cash on YouTube, you should consider enabling your YouTube channel for monetization so that you can earn from advertising on your track.

You can decide to focus on making good comedy skits, online tutorials, cooking, baking, or dissolving some technical issues that people battle with on their gadgets. You get paid for every thousand views you get on your channel

Affiliate Marketing

Affiliate marketing means making money online by promoting other people’s products or businesses and getting paid for every purchase.

The truth is, almost everyone is one or the other involved in affiliate marketing. For instance, someone suffering from frequent acne eventually stumbles on a gel that clears up every acne. Suppose he recommends that product to another person experiencing the same problem. That is precisely how affiliate marketing works. Recommending helpful products to people who need them and can afford them. You earn a commission from every affiliate product you buy from that product using your affiliate. The commission varies based on the affiliate company. Some affiliate companies pay 50%, while others pay 30% or even 15%.

Imagine promoting a product of N10,000, which has a 20% commission to 2,000 persons from across various social platforms. That means you successfully made a total sale of N10,000 X 2,000 = N20 million. And in turn, you receive a commission of N4 million.

Although affiliate marketing is one of the easiest methods of making money online in Nigeria, you will learn how to build an audience, and a sales funnel if you want to make more sales. Most top affiliate marketers in Nigeria spend a good amount of money on ads and strategies to increase traffic to their sites.

You can become an affiliate marketer by joining any affiliate program on any o these platforms Konga, Expertnaire, and Jumia.

Email Marketing

Email marketing is one business idea that is still not popular amongst many Nigerians. It is an effortless and genuine way to make it online these days.

Many brands are gradually embracing email marketing as a means of upselling and retargeting their website visitors.

A perfect email will contain a headline, an intro, the body, an image to drive home the email’s message, and a call to action. To be a good email marketer, you will need to write emails that your readers will love to read. A good email can get the reader’s attention from the start.

You use email marketing to increase revenue for those who want to go into affiliate marketing or sell courses.

Make money selling EBook

This is one of those unpopular ways of making money online. It doesn’t require much startup capital as others. All you have to do is find a problem that many people are struggling with. You can research or develop a solution that helps them overcome that problem, then compile it in an eBook.

Platforms like Amazon kindle store and Okadabooks makes it easy for anyone to publish their books online and make money from it

Start an e-commerce business

The e-commerce business model is a business that is helping millions of young Nigerians make thousands of naira online. Ecommerce is majorly about buying and selling products online.

The beautiful thing about setting up an e-commerce store is that you don’t have to build a warehouse where you store products. For those into the dropshipping business, they do business without coming in contact with the products. If you are considering starting an e-commerce business, there are some platforms you can leverage—sites like Konga, Shopify, Amazon, and Jumia.

Freelancing

It is freelancing that has been a means of survival to so many Nigerian Youths. It has helped cushion the effect of both the economic and the unemployment crises in Nigeria. It is a vast and lucrative industry every year. A talented freelancer on Upwork can make close to $1,000 a month.

Every day, many companies are looking for ways to outsource their projects to people who can help execute them.

The exciting thing about freelancing is that you can work for as many recruiters as possible and work from the comfort of your home.

To become a freelancer, all you need to do is be talented in a particular skill, such as content writing, proofreading, graphics design, web development, data entry, and many others. Once you have a skill, you can get hired on sites like Upwork, Listverse, Reverbpress, CollegeHumor, scary mommy, Fiverr, and many others.

Some freelancer writers in Nigeria charge an average of  N2,000 – N3,000 for an article of 1,000 words. So imagine if you get a contract to write ten blog articles in two weeks. You can do the maths

Make money from podcasting

Podcasting is a secret income generator that is not yet known to many persons. The same you create a YouTube channel, and you make money by sharing valuable content via videos. That is the same way you can also make money from podcasting.

To make money via podcasting is seemingly straightforward; if you can consistently put out highly informational content, you won’t have a hard time growing your audience. And as your audience grows, you can monetize your podcast by allowing jingles of business to play at different times.

Create a course online

Since the Coronavirus pandemic, the number of people learning has skyrocketed. Many people are beginning to appreciate the importance of using online courses for personal or professional development.

Although it has the potential of making anyone rich, it will require much effort. You can create a course that focuses on teaching people how skills or strategies for income.

Let us assume you are good at web development, graphics design, video editing, or copywriting. You can create an online course and teach people what you know. And believe me, they will buy your lessons. To create an online course, you don’t need prior experience, provided you have gained some level of expertise in a particular skill or course.

Sell Stock photos and videos

I guess many people are not aware that a thing like this even exists. If you have a great passion for photography and can capture images and moments professionally, then this idea is for you. You can sell to bloggers, news websites, YouTube channels, mainstream media, and many others

Selling photos online is almost one of the simplest ways of making money from home. You can make money selling stock photos via a third-party microstock platform like Dreamtime, iStockPhoto, Shutterstock, and a few others.

Video Editing

Video editing is a vital aspect of YouTubers and Vloggers. It is one easy way to make money online without stress. I can say it is one of those money-making ideas that have not been wholly harnessed. If you are skilful in video editing, you can make a lot of money editing for brands, game streamers, and YouTubers.  

App or Website testing

No website or app is developed perfectly at the first time of launching. Many companies are looking for people who can test out new or existing sites or apps so that the developers can see, gain insights and evaluate how real people would interact with the app or website. These companies pay heavily for each app or website that is tested, and every survey or feedback collected because your feedback will help owners make better adjustments to give their users a better experience.

Become a virtual assistant

Many businesses are looking for individuals who can help them handle some tasks remotely. Virtual assistants assist businesses in accomplishing day-to-day tasks. As a virtual assistant, you will spend most of your time managing media pages, booking hotels for clients, collecting and entering data for your clients, booking and managing appointments, and preparing monthly or annual reports.

The beautiful thing about being a virtual assistant is that you can work for as many clients as you can. If you can professionally handle multiple tasks, you are on your way to making more money online. We have lots of young Nigerians who work as virtual assistants for a good number of clients outside Nigeria.

To be a successful virtual assistant, you must immerse yourself in your client’s business to effectively represent them before their customers. You can find virtual assistant jobs on platforms like Flexjobs and Upwork.

Social Media Marketing

Social media marketing or management is one lucrative online career that is open to all and sundry. It involves helping businesses, brands, and organizations grow their audience and increase their social media presence online.

Many businesses are beginning to see the importance of taking their business online. Hence they are leveraging social media platforms like Twitter, Facebook, Instagram, and LinkedIn to reach a wider audience. People no longer want to focus on the traditional way of doing business.

You can tap into this trend by learning more about social media marketing.

Conclusion

To make money online in Nigeria from the comfort of your home, all you have to do is pick any of the methods listed above. If you are serious about it, you can make a career out of them. There are a lot of Nigerians whose source of income is 100% based online.

So if you start today and are consistent, you can build a real and sustainable source of income for yourself. Utilize what you have learned from this article and start testing what will work best for you.

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