As a Nigerian student or youth, making money online should be a priority if you want to safeguard your future. Covid-19 has made many businesses realise they can function online without having a physical location. If you’re looking for a way to make money online in Nigeria, then you’re in the right place for that.
One of the biggest advantages of the internet is that it creates an avenue for people to earn legit six figures of income without much hassle. No matter where you live or whether you’re a student or a nursing mother that doesn’t have a chance to work, so far you have an internet connection, you can easily make money by following the right steps. Meanwhile, notwithstanding whether you’re a full-time employee with a strong work schedule, a job seeker, or a university student, there are several ways to make money online in Nigeria legitimately with little or no capital.
One of the great things about them is that you can conveniently combine them alongside your basic job. Dedicating 3 or 4 hours of your day is enough to keep you going. In this post, we’ll be sharing some easy and legit ways to make some extra cash in your spare time. And of course, the earning possibilities are endless.
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Blogging is one of the many earning opportunities in Nigeria. It’s the hottest and best way to make money online in Nigeria so far you’ve done knowledge of SEO. Meanwhile, blogging is all about sharing information, you can blog about politics, tech, finance, stories, jokes, sports, etc. It’s a versatile field with numerous ways to earn.
After setting up a website for your blog, you can monetize it through AdSense, Ezoic, affiliate marketing, and many means. However, making money from blogging is very hard especially after starting it newly. Don’t expect quick money from it if you’re not getting traffic yet. It takes time for Google to discover your blog and start ranking it. But, if you work hard enough in building your blog, you’ll be making money even while you sleep.
It can make you a millionaire if you know the basic SEO in building your audience, but it takes up to 6 or even a year months to start earning tangible money.
Affiliate marketing is a very reliable way to make money online in Nigeria if you know how to refer. If you’re a good marketer or salesperson, then this is s big earning opportunity for you. However, if you don’t have the charisma to convince people, then you should look for other means.
Affiliate marketing is all about recommending products or courses to people online. When they buy through you, a certain commission will be given to you by the company. There are many sites you can sell their products and earn a commission including Amazon affiliate, Konga, Jumia Kol, 1X bet, etc. You can promote their products through your website, Facebook, Instagram, WhatsApp, etc.
The truth is many people buy products online these days unlike before, so there’s a high opportunity of getting yourself some cash without leaving your home.
If you’re a type that loves recording yourself while doing something, you can monetize it by uploading the videos on YouTube. YouTube is a video app that pays you for uploading content on its platform. Similar to website (blogging), you can monetize your YouTube channel through AdSense or affiliate marketing.
With YouTube, you can make videos of anything either when you’re dancing, cooking, applying makeup on your face, or even your TikTok videos. Just upload them to your YouTube channel, build your brand, and earn yourself some cool dollars from the comfort of your home. However, it’s hard to earn from YouTube but we consider it easier than blogging since it’s not difficult to monetize so far you’ve met Google AdSense requirements.
Crypto Currency Trading
Cryptocurrency trading is a lucrative way to make money online in Nigeria without spending much. If you don’t have much capital, you can venture into Airdrops and earn some cool cash before trading. However, bear in mind it’s a very risky business and can make you lose a lot of money if you’re a bad trader or too emotional. All you need to do is to study and understand the market and follow the rule of buy low, sell pump, but don’t be a greedy trader to avoid losing it all.
Fortunately, as the world is gradually adopting digital currency, bitcoin is getting more recognition which in return boosts your finance. The wonderful news is that it’s never too late to join cryptocurrency trading if you’re good with business investments. To get started, you can easily install one of these trading apps that are easier to use.
Forex Trading and Binary Options
Forex trading is a lucrative way to make money online in Nigeria if you have a good mentor that can guide you. Meanwhile, you can learn by watching YouTube videos on how to trade Forex currency. Forex is almost the same thing as crypto, but it deals in currencies while crypto deals with coins.
On the other hand, binary options is similar to Forex but a bit easier. You’re to predict whether the price of a particular commodity or currency will rise or fall and earn money from it.
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Another legit way to make money online in Nigeria is by buying and selling products online. Jeff Bezos the owner of Amazon owns an e-commerce site. However, one thing about e-commerce is that you don’t have to own a physical shop before doing it. All you’ve to do is to create your own online store, market it, and make your cool money.
This is where drop shipping comes in. Copy inventories from leading manufacturers around the world with high commission then paste them on your website. When a customer comes to your online store to buy, it’ll be forwarded to the manufacturer, then they do the delivery and you earn your commission.
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Through Social Media Networks
If you’re the kind of person that spends most of your time on popular social media sites like Instagram, Facebook, Twitter, or TikTok, why not make some money off it? Just recently Facebook and TikTok have activated reels that allow users to monetize their pages by posting videos on their handles. Apart from that, you can monetize your social media handles through affiliate marketing, selling books, sponsored content, and more.
Social media is such an easy way to make money online in Nigeria if you dedicate your time towards growing your handles to a certain number of followers.
Are you a skilled web developer, article writer, graphics designer, etc, you can monetize those digital skills online and make money. This is one of the few ways to make money online in Nigeria without spending a dime.
All you need is to be very skilful in your field and then charge clients for a work. You can start by registering on freelancing websites like Fiverr, Freelancer, Upwork, LinkedIn, and Guru. As a freelancer, you can work from your home with just your laptop or mobile phone depending on the task, but make sure you’ve access to an internet connection. Meanwhile, you can consider to be a part-time or full-time freelancer and earn more than an average Nigerians by monetising your skill.