10 Legit Online businesses in Nigeria (#5 Can Earn You $200 Daily as a Student)May 7, 2021 2021-06-11 21:03
10 Legit Online businesses in Nigeria (#5 Can Earn You $200 Daily as a Student)
10 Legit Online businesses in Nigeria (#5 Can Earn You $200 Daily as a Student)
Internet dissemination in Nigeria is at an all-time high. According to a report by NCC in June 2017, Nigeria has over 91 million internet users out of a population of 184 million. 85% of these users are believed to be accessing the internet using their mobile phones.
In this age of high technological adoption, the internet is the great equalizer.
Anyone with a mobile phone or laptop with internet connectivity can start making money online with little or no financial investment.
Creating an online business opens up vast possibilities and provides a greater reach than a regular business. You can be in Nigeria and conduct business with people in the United States, Canada, Australia, and anywhere around the world. That means a larger market with more considerable potential.
If you are not running an online business, you miss out. According to various researches that have been published, people are spending more time on the internet than anywhere else. That opens up a significant opportunity to reach many people with your business.
In this article, you’ll learn the top 10 legit online business that pays well in Nigeria most especially for students, youth corps members, and if you’re a 9-5 employee, you can take advantage of the opportunities the world of some of these online businesses.
Ecommerce, also known as electronic commerce or internet commerce, refers to buying and selling goods or services using the internet and transferring money and data to execute these transactions. This means that you can sell things on the internet and get paid for the stuff you sell.
All you need is a website. Once the site is up and running, you can list the product and start selling it. As you grow traffic, the sale will automatically increase. You could sell actual products or sell a service like writing, voice-over, and so much more. With e-commerce, there is no need for a physical space like a shop which means no need to spend money on acquiring a shop or an office. You can do this from the comfort of your home.
#2. Professional Blogging
Do you love movies, music, football, or even anime? Why don’t you make money writing about things you love. Start a blog on a niche of your expertise and get traffic from search engines and social media sites. We would strongly recommend starting a blog on a dear topic to you.
Once you start getting some traffic, apply for the Google Adsense program. Once approved, you can start making anywhere between $60 – $120 a month. As your site’s traffic grows, the earning will grow too.
You can make additional income with Affiliate marketing, Product sales, and much more. Creating a blog is very easy that even a high schooler can do it and like most online businesses, you only need a laptop and internet connection to start. You can create blogs with a site like Wix, Blogger, WordPress, and so much more.
#3. Online Ad Agency
There are two kinds of people on the internet, the advertisers and the publishers. Advertisers are the companies promoting their products or services, and publishers are website owners where these ads can be publicized. If you are good at communicating with people, you can connect these two. All you’ve to do is create a list of publishers and give offerings to advertisers based on specific packages. It’s like matchmaking, and you are the matchmaker, so the success of your ad agency will depend on how well you connect the advertisers and the publishers.
#4. Manage Social Media Profiles
Do you know thousands of high profile people, small or medium businesses, who need individuals like you to manage their social media accounts? You can earn $50 to $500 for managing one single account just by using your phone. All you need to do is obtain the essential digital marketing skills to help you connect with your audience and succeed. Some companies even put out job offers for this. So you are on all sorts of social media, chatting and posting every time, why don’t you use that same energy to manage someone’s profile and get paid for it.
In the United States, Freelancers makeup 35% of its workforce and contribute over $1 trillion to the economy.
Freelancing is a work-from-home business and as a student, it gives you flexibility to study and work at the same time. You can earn upto $200 daily as a full time student in the university. If you have any in-demand skills, you can become a freelancer and make good money from it.
Instead of waiting for a company to employ you after school, you can put up your skillset you’ve acquired on freelancing platforms and get paid for it. Speaking from experience, companies will like that you’ve worked and managed projects for people on your own with little or no resources. It will make them trust you a bit to handle some of the workloads.
Freelancing is a very lucrative online business. On Upwork alone, which is just one platform, Freelancers make over $1 billion every year! And you can be among!
There are many skills that you can put out there as a freelancer. It could be writing, graphic design, typing, translation, desktop publishing, programming, video editing, social media skills, and many more. People are looking for people like you to collaborate on projects.
So, instead of carrying your CV from one office to the other under the hot sun, why don’t you set a profile on any freelancing platform and start making money doing what you learnt from school.
#6. Sell financial products
You can sell insurance, mutual funds, and business and personal loan packages online like an offline agent. Banks and other financial service providers are prepared to share a commission with you if you send them leads. You can create a product comparison website that could help users select the product that best suits their needs, after which you can then sell to them.
Relationship matters in this aspect. Building a trustworthy relationship with your clients will help bring in sales. To improve your relationship, it is vital to keep in touch with your clients. Staying in regular contact means maintaining consistent sales, revealing new opportunities, and keeping clients away from the competition.
Making your clients feel important and not as if they are just another business transaction will encourage them to open up and ask for advice. This will, ultimately, pave the way for you to request referrals from satisfied clients without feeling awkward about it.
#7. Online Teaching
If you know something and like to teach people about it, this business is perfect for you. You can create short 5 – 10 minutes videos on topics that interest you, such as programming, marketing, graphic design and upload them on online learning platforms like Udemy, Skillshare, and Teachable. And you get paid for each student that enrols in your course.
It doesn’t have to be all tech too. You can also teach people about things you are an expert in. It could be Fashion, Music, Video editing, and so much more. Everything and anything is welcome. Just provide value in your teaching, and sure enough, the money will roll in.
#8. Forex & Crypto Trading
There is no hot business other than Forex trading right now, especially if you have a great understanding of the exchange market. People make thousands of dollars in trading currencies online. You know that statement of “let your money work for you while you sleep” well in Forex, it’s true. You can enter a trade, sleep, and wake up to profit.
Though it’s not advisable for everyone because of the high risk involved, you need to learn this thoroughly if you want to start this business. You should always try with small amounts before you become confident and ALWAYS REMEMBER TO TRADE MONEY YOU ARE WILLING TO LOSE. Don’t use your house rent to trade; you will sleep under the bridge.
#9. Affiliate Marketing
Affiliate marketing is an ideal way to make more money and start a home-based business, it doesn’t require much money to get started, and you don’t have to produce, stock or ship product inventory or deliver a service. You’re essentially paid for referring new clients and customers to other businesses online.
I know it sounds so easy and less lucrative but let’s break it down. Let’s assume you recommend a product like a Laptop worth N100k. And your commission is 20% which is N20k. You share your links through your networks, and at the end of a month, 100 people purchase through your recommendation. That will be 100, 000 x 100 = N10 million. Your commission will be 20% of N10 million, which is N2 million! So in a month, you have made N2 million. That’s just from 100 people now. Imagine if it’s up to 200 or 1000.
The Affiliate marketing market is worth billions of dollars, but it is not well explored in Nigeria and Africa. To become a successful affiliate marketer, you will need to target a particular product or industry. Then create a niche blog about that product or industry and recommend their products. You can also create niche social media pages and push your affiliate marketing there.
You can join and get products or services to promote many affiliate marketing networks. Some of them are Amazon Affiliate, Jumia Affiliate, Konga Affiliate, Commission Junction, and more.
#10. Virtual Assistant
The virtual assistant is one of the best online business ideas and is very popular among women. You function as a personal assistant, but in this case, you don’t need to be at the exact physical location to help your client. You can help people with your skills and manage their business partially as per their instructions. A virtual assistant is an independent contractor who provides administrative services to clients while operating outside of the client’s office.
A virtual assistant typically works from a home office but can access the necessary planning documents, such as shared calendars, remotely.
Further Reading: 10 legit online businesses in Nigeria earn 200 daily as a student.
The internet is currently the busiest place in the world. More engaged than any market in the world. Billions of people worldwide use the internet every day, making transactions. Starting an online business gives you access to so many more customers than a business would in the real world.
And the fantastic thing about online business is it’s cheaper to maintain. You can be in your bedroom and run your online business. All you need is a computer and a connection to the internet. The startup cost is cheaper than regular business.
Another thing I love about online business is how the internet gives you a level playing field. No one on the internet cares who you are, how connected you are, who your father is, how rich you are or where you come from. It’s all about what you can offer.
So why don’t you get started? Pick one or two from this list and be good at it. It will be rough at first, but if you stay true, we promise you, you will see the money coming in.