10 Incredible ways to make money online in Nigeria(2022)

HOW TO MAKE MONEY ONLINE IN NIGERIA

From Mark Zuckerberg to the 15 year old boy who sells his designs online, the internet has become a cash minting tool for people across the globe. There is no saying how big anything can become, even in a split second, once it goes online. This applies to your business, skill or knowledge; any of these can bring in monthly cash flow, even up to 9 figures.

Making money online in Nigeria is not exclusively for a group of people, it is open to anyone who has internet, a laptop, or a smartphone device. There is no racial, economical, ideological, social, or physiological exclusivity to becoming an online millionaire. The person with a regular 9-5 job can have an online business running by the side, same with the university student who wants to make ends meet while in school.

But here’s the challenge a lot of people have, ‘where to start from!’

The truth is, there are a million and one things you can do to legally make money online in Nigeria and at that, in a relatively quick time. But to find the one that resonates with you and set it in motion is where the problem is.

Most times what tends to happen is, that you can find it and leave it when you don’t get results immediately “I have seen countless people do this”. Either way, making money online in Nigeria – like every other legal offline way of making money, requires a great deal of;

• Discipline
• Patience, and
• Hard work. 

These are some of the prices you have to pay.

So, if you are willing to pay the price to make money online, then we have made a list of thoroughly researched online businesses that can fetch you a lot of money as soon as possible. These strategies have worked for our students who participated in our digital marketing workshops . If you are ready, then let’s dive right into it.

Here are the 10 incredible ways to make money online in 2022.

AFFILIATE MARKETING

One of the best perks of making money online in Nigeria is that you don’t need to own a physical office or manufacture any physical product before you can start. Especially with affiliate marketing where you don’t even need to have a product of your own in order to make money from the sale of that product.

As an affiliate marketer, you do not need to interact directly with the customer. Yet, you can make as much as ₦15,000,000 per year.

An affiliate marketer makes money online when he/she earns a commission by directing customers to a product, service, or business owned by another individual or organization. All an affiliate marketer needs to do is to advertise or promote the product, service, or business using an online medium of choice. When customers go through your online medium to make a purchase, you will earn a commission. The commissions that could be gotten from your sale can range from 1% to as much as 70% for each successful purchase.

To start, you need to :

• Identify the niche(industry) you work to work within.
• Search for affiliate programs within that niche.
• Apply to become an affiliate
• Once accepted, promote and advertise your affiliate products or services.

That’s it, it’s that simple! 😉

Once you have been accepted into an affiliate program how do you go about promoting the products or services? Well, there are two main strategies involved in promoting your affiliate products, which is via;

• Free traffic: This involves the use of free techniques and mediums to garner an audience that would be interested in the affiliate products you are promoting. These could include social media pages, blog posts, YouTube channels, Pinterest, and even podcasts.
• Paid traffic: This involves the use of paid techniques where you would have to spend money to advertise your affiliate products to potential customers who might be interested in the product you are promoting. You may use social media advertising services like Facebook & Instagram ads, Twitter ads, Youtube, Google ads, or any other ad network that would let you reach a wide audience of potential customers.

One of the best methods of making money online as a beginner affiliate marketer in Nigeria is by using organic traffic, as you do not want to waste money on paid promtions.

There are many affiliate programs you get into and start promoting. Here some good places to start include; JVZOO, Partner Stack, Impact, Warrior Plus, Amazon Associates, eBay Partner Network, Jumia KOL Program, etc. These affiliate platforms are collectively guaranteed to have whatever you are looking for. .

DROPSHIPPING (ECOMMERCE)

Dropshipping is increasingly beocming a viable way to make money online in Nigeria, due to its relatively low barrier to entry.

With this online money making strategy all you need to do is identify a unique/good product with huge sales potential, find a manufacturer or supplier of that product, promote the products and once a sale is made via your platfrom(website or social media page) and payment sent to you, you then pay the supplier for the product and get them to send the product to the customer who purchased from you.

This strategy eliminates the need for you to have a physical inventory of the products you are selling, aswell as reducing your operational costs due to not renting warehouses or offices spaces to run your business.

Selling your products gives you a wider reach, saves you cost on operations, and helps you focus on improving your offering. You also get to cut costs on rent and the taxes that come with it. This, however, doesn’t mean that you wouldn’t need to think about:

• Business registration, permits, and licenses
• Inventory management
• warehousing
• Product quality
• Packaging
• Shipping and delivery

You will need to figure all these out and even include them in your business plan.

Companies like, Alibaba, Aliexpress, eBay, and Jumia have all leveraged this model to sell more. You too can; as a manufacturer, a drop shipper, or as a local arbitrage. You can start by choosing a niche and studying into it, or, if you are going into general merchandise, you can look out for hot selling products that you can sell. Once this is done, you can then start thinking of where you can create your online shop. There are many places to do this. Some of the very popular ones include, Wix.com, WooCommerce (WordPress), Shopify, Zyro Commerce, Prestashop, etc. 

SELL INFORMATION PRODUCTS

The daily hunt for information makes this online business model evergreen and viable.

This is all about creating and selling specialized knowledge. Even if you don’t have one, you can go and learn one and start creating information products in the line. A good thing about this is that you can create your own information product from simple things, such as your experiences, your natural talent, your knowledge of a certain thing that isn’t very common, or even a special relationship you have with someone or animals. So long as you have knowledge to offer, you can start earning immediately.

There are many expressions of this. With the knowledge you have to offer, you can:

• Create an ebook and publish it on sites like, Amazon Kindle, KOBO, etc.
• Create a course online and sell on a MOOC platform or by yourself
• Host paid online classes and share what you know
• Become an online tutor
• Create “How to” videos

Yes, you need to start gathering and organizing your thoughts and knowledge.

CONSIDER FREELANCING 

Service offerings aren’t only reserved for offline transactions, you can offer services online too and be paid handsomely for that. And what’s better, you can do this while still keeping your regular job; meaning that you can treat this a second stream of income, or not. 

Whether you are a teacher, content writer, copywriter, graphics designer, web developer, animator, or illustrator, your skills are marketable. Determine you transferable skills and make your way to Fiverr, Upwork, Kwork, Freelancer, Guru, and other platforms where you can create and offer gigs for money, and start making money immediately. To start:

• Build a portfolio, showing your works
• Consider a very competitive price or even below, to win client
• Get and deliver your first gig
• Encourage your clients to rank you up so you can build credibility

Research shows that 35% of the world’s total workforce comprise of freelancers; you can join this lot and make as much as $50,000+/yearly by offering your skills online.

BECOME A DIGITAL MARKETER

As a digital marketer, business owners and entrepreneurs will rely on you to generate and drag massive traffic to their business online.

The services of a digital marketer revolve around giving visibility to businesses and helping them get discovered across multiple platforms on the internet, including social media. Digital marketing jobs, more often than not, involves social media management, and search engine optimization (SEO). Taking a digital marketing job will involve one or more of these:

• Helping websites rank higher in searches online
• Build links
• Generate leads for a business
• Promote a product
• Copywriting
• Keyword research and utilization
• Improve brand face and visibility
• Audience engagement and interaction

SEMrush Academy and Google Analytics are two, out of the many, resource centers where you can learn more about Digital marketing and how to utilize it in helping businesses across the world, even from the comfort of home.

START A BLOG

Blogging is one way to make money online if you enjoy writing. The good thing about blogging is that you can write about anything that interests you the most; something you really understand and can share insights on. This means that you can start a:

• Food blog
• Childcare blog
• Travel blog
• Academic blog
• Book blog etc.

There are many money-minting blog ideas currently on the internet. You can niche down your blog to the thing you do most and enjoy doing. With a good blog, you will generate an ever-ready reader base, and as traffic to your blog increases, so does the revenues you can generate from blogging. Also, with good SEO and online marketing (organic or paid), there is no telling how massive your earnings from blogging can be.

You can generate revenue from your blog from advertising for brands, affiliate links, selling virtual or physical products, sponsorships, Google AdSense, etc. To start, you need to;

• Get a domain name
• Create a blog site (you can use WordPress)
• Host your blog site
• And start creating content consistently.

You can get most of the items above at a very cheap price, and most times, even free. Just research more free options and you are well on your way. 

BECOME A VIDEO CONTENT CREATOR

Content creators across the globe are in massive business; with the continuous surge of watch hours across platforms, there is no end in view. Just recently, a young African content creator who hardly says a word, made over a million dollars ($1,000,000) on Tiktok. Yes, that’s right, Khaby Lame is his name. All you need is to get in front or behind the camera with good content and character representation. Voila! You are a content creator. You can create video content around:

• Entertainment
• Education
• Fashion and Beauty
• Business, Economy, and Finance
• Health
• Lifestyle, etc.

The list is unending. It mustn’t be your personal knowledge, but it has to be authentic and original. You can host your content across multiple platforms including Facebook, YouTube, Instagram, Tiktok, etc. It’s good to think big, but you can start from anywhere. You can use your phone camera and a microphone until you are able to get more appropriate equipments for recording and shooting your content.  

START A PODCAST

Recent research shows that over 155 million people listen to podcasts every day, making it a very lucrative thing to do online and also earn money while at it. All you need to start is your

• communication skills, 
• a niche or topic, 
• a microphone, and 
• an internet-enabled device.

Podcasts are mostly audio, so if you have a device that has a functional microphone, you can start. But it is best to invest in good audio recording equipment’s and editing software’s. The reason is that a lot of your listeners will be retained because of the clarity of your voice and information passed through your podcast.

Once you have your first few audios ready, you can publish on Podcasts (by Google), Buzzsprout, Anchor, Spotify, Resonate, etc. On these platforms, you can build an avid audience base, and then start earning through sponsorships, partnerships, and advertising, or you can monetize your podcast with ads from Podfly and Pacific Content. It’s that easy, you can even start right away.

DEVELOP APPs AND WEBSITES 

It should have been “Develop and sell Apps and Websites”. Well, now you know.

Everything and almost everyone is on the internet over an app or a website. Businesses, individuals and organizations are all finding their way upstream with a website or app. That’s where you comes in; sell it to them. I know what you are thinking, “I am not a developer.” That’s an old excuse, there are many ways to create apps and websites today that doesn’t require coding or that you are developer of sorts.

Even more, you can front as an agency and when you get the jobs, you outsource to full stack developers, who will work on it for you for a reduced fee.

You can also create your own app and make it available on App Store and Google Play Store at a fee; even if it is free, you can still earn money if you add ads to the app; either way, you are sure to be earning online.

BECOME AN INFLUENCER

As the cost of traditional and digital marketing keeps spiking, business owners and marketers are leveraging more and more on influencer marketing. 

As an influencer, you would have a tribe of your own on social media who are loyal to you and trust you. They believe you to and authority of sorts and will pay for a product if you tell them that it is worth the money. You get this influence, over time, by building a personal brand, growing your voice and authority in your niche. It requires a lot of consistency and visibility. You can build your influence using,

• Instagram
• Facebook
• YouTube
• Twitter 

And more recently and effective:

• Tiktok
• Snapchat

Once you are able to do this, businesses within the scope of your niche will come to you for endorsement, and then you can charge them.

CONCLUSION:

All you have seen in this list requires a level of work and consistency. You can’t rely only on what you have read here to start, you need to research more into anyone you choose and make the best out of it. But there’s massive potential in any you choose to pursue. The ball is in your court now. Goodluck.

If you need practical guidance on any of the strategies to make money online, you can shoot us an email via info@dulphdigital.com or join our 8 days digital marketing workshop.