One of the best things you can do as a Nigerian is to learn how to make money online. One of the most reliable methods to live and feel comfortable in Nigeria's current economic climate is to make money online. In addition to having to rely largely on the Naira, you also have the chance to earn money in dollars while in Nigeria.
Everybody can sell their skills and services for money on the global online market. And what's this? It is accessible to everyone in the world, including Nigerians.
Despite hearing the words "make money online" countless times, many Nigerians have no idea how to actually accomplish it. Some individuals mistake it for web fraud schemes like Ponzi schemes and "Yahoo, Yahoo."
The good news is that changing the narrative by launching a reliable online business is possible. And that is what this article aims to achieve. This post will provide you with 10 safe, dependable, and efficient ways to make money online in Nigeria.
How To Make Money Online In Nigeria The Fastest Ways
The ten ways we will discuss in this article are: blogging, affiliate marketing, cryptocurrency trading, gift card swapping, freelancing, e-commerce, digital products, social media marketing, dropshipping and YouTube-ing.
One of the most alluring ways to earn money online in Nigeria is blogging. It is adaptable, affordable, and entirely legal. Your primary responsibility as a blogger is to produce articles and news that you then post on your website for others to read. From there, you can profit from the users and companies who place ads on your website.
On blogs, thousands of Nigerians make millions of Naira each month and every year. You will concur that in the current economic context, few businesses or jobs can earn so much money. And that's just one benefit of conducting business online in Nigeria.
2. Affiliate Marketing
In Nigeria, affiliate marketing has been popular for a while. However, many Nigerians are still ignorant of it or unsure of how to handle it.
Affiliate marketing is mostly concerned with assisting another person in promoting their goods in exchange for a commission. In Nigeria, there are many affiliate marketing initiatives, including the Expertnaire Affiliate Marketing, the Amazon Affiliate Marketing and the Jumia Affiliate Program.
3. Cryptocurrency Trading
Every day, millions of people all over the world are making money online with cryptocurrencies in Nigeria. While you hear about people who trade crypto to create life-changing profits and increase their standard of living, having a great understanding of how to also profit from cryptocurrencies remains a challenge.
One of the most well-known ways to use cryptocurrencies to build riches is crypto trading. And it is possible to buy and sell futures or spot commodities.
Cryptocurrency trading entails buying and selling a crypto coin that fluctuates sharply throughout by purchasing when the charge is declining and selling out when the charge is increasing.
When buying and selling bitcoin, the dealer should buy when the price is falling and sell when the price is increased. Here, the trader is heavily speculating on both directions of the market, and if it takes the other turn, they could lose their investment. Once you’ve signed up with the best app to sell bitcoin in Nigeria, selling your BTC will never be a problem for you.
This is the most well-known way to use cryptocurrency to make money. The majority of cryptocurrencies increase in value by enormous amounts over the course of many years, making the long-term investment strategy of buying to hold the preferable choice for all types of traders, whether or not they are experienced.
4. Gift Card Swapping
Online gift card swappers can be found on a ton of cool websites, and they cash out gift cards for cool money. Of course, you'll have to get a gift card at cheaper rates and sell the gift card to Naira for more, and you'll even earn some rewards. Platforms like Cardtonic are capable of doing this.
However, we can improve. With Cardtonic, you can open a trading account. Gift cards can be bought and sold to generate income.
Gift card reselling is a significant industry. Typically, this entails purchasing gift cards from customers who wish to exchange them for cash at steep discounts and reselling them to shoppers looking for deals at a profit greater than the original purchase price.
In other words, you can purchase a $100 gift card for $50 from a person in need of immediate funds and then resell it for $70 with a $20 profit to another person.
You've definitely seen social media ads and postings from users offering to purchase or sell gift cards for various stores, including Amazon, iTunes, Steam, Google Play, and more. They most likely operate under this business strategy.
This business strategy requires a network that enables you to buy gift cards at substantial savings. Platforms like Cardtonic can be useful in this situation.
Another simple option for Nigerians to earn money online is through freelancing. You can work as a freelancer and offer digital services online to clients all around the world.
Fantastic digital abilities are necessary for a successful freelance business. Freelancing sites like Upwork, Fiverr, and LinkedIn can use your digital abilities if you need to hone the trade.
e-Commerce is nothing more than setting up an internet store to sell goods. Every day, e-commerce is becoming simpler, and having your own website is not even necessary for success. Many people conduct e-commerce transactions with third companies like Jumia, Jiji, and Konga.
Additionally, you can leverage Facebook and Instagram for your online store. Also, the WhatsApp Business App. Good copywriting and marketing skills are necessary for a successful e-commerce business.
Dropshipping is comparable to e-commerce in certain ways. The sole distinction is the absence of product inventories in dropshipping. No need to have the product in hand.
Look for clients who have already partnered with drop shippers for their items. Additionally, when consumers order a certain item, they pay for it as if they were the product's original seller.
From there, you can use the money to purchase the item from the original vendor and provide the vendor with your delivery information.
Let's use an easier-to-understand scenario and pretend I own an internet retail store. You offer goods to customers as a drop shipper, and when they make a purchase, you email me the shipping information.
8. Create & Sell Digital Products
Another fantastic approach to earning money online is by producing digital goods. E-books, movies, and audio files are all examples of digital items. Of course, the three can be combined.
A course that teaches you how to edit videos, for instance, could be created if you are a skilled video editor. Then, while earning money, you can promote this course to people.
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9. Youtube Videos
You can get money by uploading videos you've created with your camera or phone to YouTube. YouTube is an online video-sharing service. You can become wealthy and famous, thanks to it.
You can animate anything, and you can discuss anything. Simply post it to YouTube and distribute it via social media. Improve your brand. When your films receive more views, you can earn money from them via affiliate marketing, Google AdSense, and other strategies.
You've probably heard of Korty and how she became a YouTube star. This is YouTube's power.
10. Social Media Marketing
The goal of social media marketing is to assist companies, people, and organisations in finding their target market on social media. The majority of Nigerians now spend their time on social networking sites like Facebook, Twitter, Instagram, and others. This has created new chances for businesses to connect with customers and increase sales. Some influencers make money online with Facebook live videos in Nigeria.
Understanding the algorithms of your desired social media platform and how they may be applied to convert businesses and people can help you become a successful social media marketer.
Social media marketing remains one of the finest ways to earn money online in Nigeria as more businesses turn to the internet.
Making money online in Nigeria is more adorable and practical than a regular office job. But there are difficulties in everything we accomplish on Earth. These are all realistic ways to earn money online. So, get going and get those bags. Personally, my favourite is Cryptocurrency Trading. Once your BTC has increased in value, simply sell it at the highest bitcoin rates in Nigeria with Breet. It's that simple!
Editor's Note: This article was contributed by Tonic Technologies