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8 Best Highly Profitable Online Businesses In Nigeria

8 Best Highly Profitable Online Businesses In Nigeria
online business / Business Ideas / Digital Skills / Small Business

8 Best Highly Profitable Online Businesses In Nigeria

 

If you’re presently not running an online business, then you’re missing out. Here’s an opportunity to get started with this list of 8 best highly profitable online businesses in Nigeria well researched article because according to studies, the rate of internet usage in Nigeria is currently at its peak.

With over 91 million internet users out of a population of 184 million, 85% of these users were confirmed to be surfing the internet on mobile.

We are in the era of high technological adoption, with the internet balancing all our affairs. Anyone with a laptop or mobile phone with an internet connection can start harnessing the several online business opportunities in Nigeria with little to no capital. 

I mean, high-income generating online business ideas in Nigeria suitable for anyone. 

8 Best Highly Profitable Online Businesses In Nigeria

Asides from your physical brick and mortar shop, perhaps you have one, setting up an online business will open you to vast possibilities and provide a wider reach for your business.

Your business can be in Nigeria and you will have clients/customers in Canada, the US, Australia and anywhere worldwide. This exposes you to a larger market with more potential, making your business revenue 10x. 

Here is a list of the top 8 legit online businesses in Nigeria with daily income, particularly for 9-5ers, students, stay-at-home moms, youth corps members to take advantage of.

 

8 Legit High-Paying Online Businesses in Nigeria

1. Make Money Freelancing:

This highly profitable business has not been well optimized in Nigeria. In the United States, freelancers contribute over $1 trillion to the economy and makeup 35% of its workforce.

Freelancing is a lucrative business that you can do from the comfort of your home. As a student, it gives you the liberty to work and study. If harnessed well, you can make up to $200 daily online as a full-time student in the University.

If you have any hot in-demand skills, you too can become a freelancer and start earning tons of money from it.

Rather than waiting for employment after school, you can put up your skillset on freelancing sites and get paid for it. Speaking from experience, companies will value the fact that you’ve had the opportunity to work on projects on your own even under pressure. They will be able to trust you a little with some of their projects.

On Upwork, one of the freelancing sites, freelancers make over $1 billion each year. And you can join them!

There are several skills you can put out there to freelance. Such as graphic design, desktop publishing, writing, translation, social media skills, programming, typing, video editing, and lots more. Companies and small business owners need people like you to partner with on projects.

You can search for freelancing jobs on freelancing sites like Freelancer, 99designs, Upwork, Toptal, SimplyHired, and lots more.

 

2. Start an Online Ad Agency:

Two kinds of people run the internet; publishers and the advertisers. Publishers are website owners that publicize ads on their sites. While advertisers are companies promoting their products or services.

If you are good in communication, you can come in by connecting these two. Simply create a list of publishers and offer them to advertisers based on a certain price list.

This is similar to matchmaking, here you are the matchmaker and the success of your ad agency will depend solely on how well you connect advertisers to publishers.

Starting an online ad agency is another brilliant online business that pays handsomely.

 

3. Earn money with professional blogging:

Are you a lover of nature, football, movies, or even science? Why don’t you earn some cool cash writing about things you love? 

Set up a blog your niche of choice and drive traffic to it from social media platforms and search engines. It’s advisable you start a blog on a topic so dear to you.

Once you’ve been able to build your audience to some extent, apply for the Google Adsense program to start monetizing your blog. Once approved, you can start earning money from an online business that pays between $60 to $120 daily.

As you continue to grow your site’s traffic, so will your earnings grow too. 

You can make extra income with your blog through product sales, affiliate marketing, and lots more. Setting up a blog is so straight—-forward and similar to most online businesses, you only need a laptop with an internet connection to begin.

You can set up your blog on sites like WordPress, Wix, Blogger, and many more.

 

4. Set up an eCommerce Business:

Next on the list of online businesses that pay daily is E-commerce. Electronic commerce, popularly referred to as e-commerce is a means of buying and selling products or services online as well as transferring money and data to finish off transactions.

This means you can sell your products or services online and get paid for them. The only thing you need is a website.

Once you’ve set up your website, you can create a catalogue of your products and start selling. You can choose to sell actual products or a service like writing, photography, and lots more.

With eCommerce, you don’t need to worry about getting a physical space like a shop. This saves you extra expenses of acquiring an office or a shop. Amazingly, you can run this business from the comfort of your home.

 

5. Make money with affiliate marketing:

Another ideal way to earn money online daily is through affiliate marketing. It allows you to even set up a home-based business with relatively low startup capital, and without a need to produce, stock or ship product inventory, or deliver a service.

Instead, you’re paid for connecting a product to an audience or a market in need of it. This might sound so easy and less profitable but let’s do the math together.

For instance, you are promoting a laptop worth 120k that comes with a 20% commission, which is 24k. Then you share your referral link through your network to connect people in need of a laptop to the one you’re promoting.

Let’s say at the end of the month, 100 people bought a laptop through your link; that would be 120,000 x 100 = N12 million. Remember for this particular product, your commission is 20%, which means you’ve earned N2.4 million in one month!

Now assume you were able to get 200 to 1000 people to buy from you.

The affiliate marketing business is worth billions of dollars, however, it is not yet fully utilized in Nigeria and Africa at large. To be successful in this business, you will need to target a specific industry or product

Then, you will set up a blog where you will write about that particular product or industry and recommend them to your audience. You can expand your horizon to your social media channels as well.

To get started promoting products or services online and get paid daily, you can join affiliate programs like Jumia Affiliate, Amazon Affiliate, Konga Affiliate, and lots more.

 

6. Make money online from forex and crypto trading:

This is the latest buzz in town. Right now, there is no other hot online business other than Forex trading, specifically if you have a fabulous understanding of the exchange market.

Lots of people earn thousands of dollars just by trading currencies online. The saying of “make money even while you’re asleep” was invented especially for Forex traders. You can enter a trade online, go to bed, and wake up to something hooge!

This business is high-risk, and so, it is not recommended for people without a standard knowledge of how the Forex market works. It is advisable when plunging into this business to start with small amounts and as you get confident, you can increase the amount gradually.

However, KEEP IN MIND TO ONLY TRADE MONEY YOU’RE WILLING TO LOSE. Don’t in any circumstances enter a trade with your business revenue; you might end up going bankrupt.

 

7. Manage Companies Social Media Handles:

Are you up-to-date with social media trends? Do you love being online? If you answered yes to these questions, then this lucrative online business might just be for you.

There are thousands of high-profile brands, influencers, small or medium businesses, who are in need of social media managers to help them manage and connect with their audiences.

In this business, you can earn between $50 to $500 just for managing one single account using your mobile phone. To be successful, all that is needed from you is to obtain the important digital marketing skills that will help you connect better with your audience.

Some brands even put out job offers for this role on LinkedIn and other online job listing sites. So channel the energy that you use on all your social media platforms, chatting and posting every minute, to manage someone’s profile and get paid handsomely for it.

 

8. Make money as a Virtual Assistant:

Virtual assistant is a popular lucrative online business among women that pays daily. Similar to the role of a personal assistant, except you do not need to help your clients at their physical locations. 

As a virtual assistant, you use your skills to support business people in managing their business based on agreements. A virtual assistant is an independent contractor who helps by providing administrative services to clients while operating outside of the client’s physical location.

Typically, a virtual assistant works from a home office but gains access to all necessary planning documents, like shared calendars, remotely.  

There are several freelancing sites where you can find numerous opportunities as a virtual assistant. Some of them include; PeoplePerHour, Upwork, and Fiverr.

 

Frequently Asked Questions 

How can I make money with my phone in Nigeria?

High-income paid jobs you can start with only your smartphone

  • Freelancing
  • Affiliate marketing
  • Social media manager
  • Online teaching
  • Selling items
  • Paid surveys

Click here for more detailed information

 

How can I make money a week online?

Best online jobs that pay weekly

  • Freelance writing
  • Proofreading
  • Virtual assistant
  • Online teaching
  • Transcription
  • Data entry

 

Is there any legit online business in Nigeria?

Legit online businesses in Nigeria to start and get paid

  • Social media marketing
  • Freelancing
  • Affiliate marketing
  • Blogging
  • Flip domains and websites
  • Online Youtube videos

 

Watch Top 5 Profitable Online Businesses That You Can Start Today

Presently, the internet is the busiest and more engaged place in the world. It is used every day by billions of people worldwide to make transactions. Starting or moving your business online will give you access to a wider market every day than it would if it was physical.

And the amazing things about an online business are that it’s cheap to maintain, can be done from your bedroom, has low startup cost, and has the possibility of a huge return on investment. All that is needed is your laptop or smartphone and a stable internet connection. And you’re good to go!

So what are you waiting for? Select one or two from this list, and become good at it. It might be rough initially, but with consistency, hard work and patience, we promise you, something hooge will roll in.

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