Many people wonder and asked the question on how to make money online in Nigeria. Well.... this article will guide you through some easy and most straight forward ways of earning extra income that will last for a long time.
If followed diligently, you will start seeing great changes in your financies immediately.
As a matter of fact, there are various internet businesses that you may want to do in order to make money online in Nigeria. In fact, it has been proven that individuals are generating income through online business platforms.
So, if you are looking for tried and tested tips on how to generate steady income streams online or you have been wondering about what are the types of online business in Nigeria you can do to make money? Well….. I will give you the list of Online Business in Nigeria that you can do to make cool cash.
In addition to what you will be learning today, I will also give you an insight into how these businesses generate income. In other words, you will have an insight to start your own online business immediately.
A quick one before we delve into our topic of the day. Always remember that there are cost implications to starting up an online business. Some of this costs may be small while some may require intense capital. Let us start with the list
Online Money Making Opportunities in Nigeria
1. Start an Online Goods Store
As you may be aware, the days of brick and mortar is not yet gone, but I tell you something, online shopping is getting to generate substantial amount of profit to their owners.
As a matter of fact, the rate at which it generate income online for its owners is astonishing.
If you really want to make substantial amount of money online, you should consider starting an online store. With an online store, you will not have to worry yourself with some kind of expense that is associated to having a brick and mortar store.
Additionally, an online store allows you to sell your products to a wider range of customers; inasmuch as you know how to optimize your online shopfront through search engine optimization, you are guaranteed to sell more products.
For example, you can start to sell fashion accessories and wristwatches online in Nigeria to various customers. All you have to do is to have a good stream of supply.
2. Start to Sell Domain Online
There are some premium domain names out there that command good returns; that is to say, you can buy them cheap and resell at a good profit.
Godaddy, one of the largest domain seller and web hosting provider gave an inside tips on buying and selling domain names for profit. To tell you the truth, this is an inside tip.
The good news about this business is that people always look to by new domain name for their business. For example, Facebook had to pay a cool $8.5 million to acquire the domain FB.com in 2010.
Inasmuch as you know how to spot those domain name, you can buy and resell them for profit; anytime any day online.
3. Create an Auction Website
Another cool business you can start on the internet to make money is to start an auction website. Such website could be similar to that of Ebay.com. The truth is, ebay.com started the auction site afresh and the site keeps making millions of dollars year-in-year-out.
The key to success in this type of business is your presence online; that is to say, you need to be at the face of your targeted audience. You can use Facebook, Instagram or Google adverts to achieve this. In addition, a good search engine optimization of the auction site will achieve great result too.
Another key point is, you should charge a fare listing fee if you want your members to keep listing their items on your auction site. You may even start listing your members’ items for free to attract good audience.
4. Work as a Freelancer
Are you good with what you do? or you can complete task on time? If so, you may consider becoming a freelancer.
Freelancers all over the world are reaping the benefit of internet close loop. What do I mean? I mean that Internet connections has made it easy for any freelancer to work from the comfort of their home.
As a freelancer, you can join any of the freelancing websites online, post your skills online and let project owners find you. The good thing with being a freelancer is that you can accept or reject jobs at will; in addition, you can dictate your price.
The key to success in the freelancing world is that you must be able to deliver your client jobs on time as you promise.
5. Start Blogging Online
Blogging is one of the greatest ways that I have personally used to generate income online.
At the present time, blogging has become a profitable business; not only because it is a way of expressing yourself (as the case for personal blog owners), but also a good way to acquire targeted traffic. Depending on your personal interest, you can set up blogging site(s) to target different audience. In fact, you can go through these blogging tips on how to be successful as a blogger.
Do not forget, your blogging site could focus on audience interested in politics, or health, or technology, e.t.c. Similarly, if your business is about real estate, make sure that majority of your blog post is about Property buying and selling and any other things rekated to it..
You may also decide to replicate many individuals in Nigeria that has turned blogging into business; such individual includes the likes of Linda Ikeji.
As a blogger, you can make money online through various ways such as:
- Sell advert space on your site;
- Charge for sponsored post;
- Monetize with Google adsense (see below); and
- Join affiliate platforms to display various links.
The key to successful blogging is traffic. The more traffic you have visiting your site, the more you can monetize your posts and pages.
As shown above, starting a business online is profitable but, it sometimes need some initial inputs.While starting some of these business will require initial large capital, some do not.
As it can be seen, freelancing is the only one of them that do not require initial capital while blogging requires minimal starting capital. Also, to be a freelancer, you need to be on top of your game.
Inasmuch as you know what you are doing, you should be fine with any of the businesses listed above. Take the bull by the horn, get yourself going to make some extra stream of income.