According to an International Monetary Fund (IMF) June 2022 press release, “Nigeria is facing slower economic growth with GDP growth projected at 3.4%; however inflation is expected to remain elevated”
Earning money by the use of the internet is fast becoming a popular way one can make money online in Nigeria to escape the country’s numerous economic woes. The limitless financial possibilities making money online provides has made it one of the most convenient, fast and reliable income approach to many individuals who seek to meet their growing financial needs. Making money online is easy and there are several safe ways you can employ to make money online in Nigeria.
This article will share with you some legit ways you can make money online in Nigeria to cover your daily needs and help you achieve financial dignity and security.
9 Ways to Make Money Online in Nigeria
Blogging which encompasses sharing information on a variety of topics including politics, news, sports and lifestyle has evolved over the years to become one of the best ways anyone can conveniently make money online in Nigeria.
Nigerians love to read the news and stay in touch with happenings going on in the country and you should leverage on this.
You can easily create a blog, and get traffic to your blog to make money. You can also use Google Adsense and affiliate marketing links on your blog to help you make more money.
Read: How to Start Blogging as a Business in 2022
Imagine getting a 20% commission for every person you recommend to buy a 30,000 naira product. This is the power of affiliate marketing.
If you are good with marketing and you also have a large social audience, you can employ affiliate marketing to make money.
Affiliate marketing is all about recommending products to people to buy online. As an affiliate marketer, you will be given a link to share with your audience. If an individual uses your link to buy a product you will be paid a commission for the product they buy. Some affiliate marketing companies even pay per click all you have to do is to find an affiliate marketing company you are comfortable with, join their network and select the products you would like to promote.
Affiliate marketing is a reliable way of making money online as most people prefer to buy online nowadays.
YouTubing and Vlogging
Did you know that you can make money online in Nigeria just by sharing videos with educating content to a large audience?
If you love creating videos, you can make these videos and upload them on YouTube to earn money. All you have to do is create a YouTube channel, post contents and promote your links on social networks like Facebook, Twitter, Instagram etc. YouTube pays as you get more views on your videos.
You can also monetize them with Google Adsense and affiliate marketing to make more money.
Cryptocurrency investment and Forex trading
We all have seen how Bitcoin has enriched millions of lives over the years. Buying and selling cryptocurrency is a very lucrative business especially as cryptocurrencies has developed to become a worldwide currency. Just by buying a coin when it is being sold at a low price and selling the coin when it is at a high market price you can make large profits to meet your needs. All you need is a smartphone, an active internet connection and registration on a cryptocurrency platform like Binance, and you can make money online.
To make Money in forex trading, you have to have the right knowledge, then sign up with a trusted and reliable broker like Deriv, practice on Demo before trading your real account.
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Complete paid online surveys and perform online tasks
One of the legit ways to make money online in Nigeria is by completing online surveys and performing several tasks online.
This works by simply giving your opinion on issues by answering some questions that will be presented to you by several companies that need audience feedback.
Some survey sites pay about $1.50 per survey and even more when you get to complete certain tasks. One of the top survey site that pay well is Ysense.
Read on: How to Make Money on Ysense (Complete Guide)
Make Money via Freelancing
Are you good at writing, Search Engine Optimization, Graphic design, video creation, translating, programming and proofreading? Did you know that can earn thousands of dollars by offering these services to people and companies who require them?
Content creation is one of the most in-demand skills of this century and you make money online in Nigeria by offering these services to the people who need them but you have to be good at it and identify who needs them.
Read: How to Make Money on Fiverr (From $1 to $1000 or More per Month)
You can join a freelancing website and apply for freelancing jobs in any part of the world from the comfort of your home and get paid hundreds of dollars. Upwork and Fiverr are examples of online freelance communities you can join to get job offers.
Begin an E-commerce business
Nowadays, buying and selling is not just an offline thing anymore. Most people prefer to buy goods and services from the comfort of their homes away from the hassle of the offline markets these days.
You should leverage this market advantage and make money online. You can sell designs, products and services and make lots of profits online all you need is to create an online store to advertise your products.
The E-commerce business is one of the fastest ways anyone can make money online in Nigeria, business owners will even find these options a less expensive approach compared to the cost of setting up an offline shop.
You can also choose to do drop shipping for companies and these will not cost you a penny while also guaranteeing profit making.
Social media networking and marketing
Do you have a large social media following or audience? There are several business companies and people who would pay you lots of money just for this.
Social Media influencer marketing is one of the easiest ways to make money online in Nigeria. All you need is a large and active social media audience whom you understand their needs to make money. You can get paid to promote businesses to your audience, share sponsored content and even engage in affiliate marketing too.
Create digital courses and publish E-books
Online learning is fast becoming an adopted learning option and you can use this to make money online in Nigeria.
If you are an expert in a skill field like business management, web development, graphics designing and others you can teach people these skills online to earn an income.
Not only is it convenient, you will not lack a business audience as thousands of people learn online every day.
You can sell your course on several learning websites. Udemy is one of the best learning websites you could signup on.
Final Thoughts on How to make Money online in Nigeria
Nigeria’s economy is steadily experiencing a decline and Nigerians will most likely experience financial insecurity if they don’t learn to diversify income. As Nigerians we must learn to embrace many income streams and learning to make money online in Nigeria is one of the ways we can fulfil our growing personal and family needs.