Most Profitable Online Money Making Opportunities In Nigeria [2020]
You’re probably asking yourself; “how can I make money online in Nigeria?” Or “what can I do to make money online in Nigeria?” And for some, the question might be “what is the cheapest way to make money online in Nigeria?”
Welcome! Because you’re in the right place.
Whether you’re a student, professional, educationist, web geek, digital marketer, artisan, there are countless money making opportunities online in Nigeria that would fit your interest. Whether you’re looking for a short-term or long-term investment opportunity that would cost you little or nothing, your best bet would be to try out many top online money making programmes that would enable you to make money online from your comfort zone.
Unlike other conventional ways of making money, the money making online businesses we will share with you are timeless and flexible. Plus, the activities involved are lightweight and cost-effective.
Here, you would learn the many methods you can try in a fast money making business in Nigeria.
Table of Contents
Making Money on YouTube
YouTube is the newest way to make money online. Since the video search engine platform was created in 2005 and is owned by Google, its earning potentials have skyrocketed.
Today, YouTube has created stars, celebrities and wealthy people that have earned a lot of money from creating content geared towards teaching, entertaining, motivating, informing and provoking the thoughts of their audience.
For many who are making money on YouTube today, it was probably not their intention at first, but the earning potentials of the platform are just too tempting and easy-to-do, for anyone to not want to attempt it.
New Media Rockstars estimates that top YouTubers earn millions and more from exploring the earning potentials of the platform. Revenue can fluctuate, depending on the strategy deployed while using the platform.
The recent top 5 global YouTubers are:
- Daniel Middleton $16.5m
- Evan Fong (VanossGaming) – $15.5m
- Dude Perfect – $14m
- Markiplier – $12.5m
- PewDiePie – $12m
In Nigeria, some of the most popular YouTubers who have a large following and are making money big time from the service include:
- Emmanuella
- Toke Makinwa
- Frank Donga
- Akah Nnani
- Ikenna Azuike
So, how do you join these global and indigenous YouTube celebrities and millionaires? How can you make money from YouTubing in Nigeria? What’s the cheapest way to start a successful YouTube business in Nigeria? Here’s how.
Best YouTube Money Making Opportunities
- Become a YouTube Partner and make money from ads
- Make money on YouTube by selling physical products or digital products
- CrowdFund your next creative project
- Licence your content to the media
- Work with brands as an influencer or affiliate
How to Make Money Online with YouTube in Nigeria
- First, you want to make sure you have your YouTube channel set up with your Gmail account.
- Next, determine what niche you want your channel to serve and gain increasing large audience.
- Promote your channel on other online platforms especially with video content.
- Best and most profitable niches and content types in Nigeria include comedy, makeup tutorials, music and movie reviews, news and gossip, rants, web tutorials, etc.
- Analyse reports from your YouTube insights so you can understand your audience’s age, location, interests and many more.
- Meet the 1000+ subscribers terms and monetize your channel to allow ads to appear on your video
- Set up your Google Adsense account and link to your YouTube channel so you can start earning
- Promote, promote and promote your channel so you can gain more subscribers. This would grant you unlimited access to becoming a YouTube partner.
Tools you need to get started:
- Obviously, you need internet and internet-enabled devices (computer, smartphone, tablets, etc.)
- Video camera
- External microphone
- A hard-drive to store large video files
- Tubebuddy for video editing and SEO optimization on YouTube
Once you do these and more, be sure to make money online for free on YouTube.
YouTube gets an amazing 5 billion unique views per day. This makes it one of the fastest, cheapest, surest and most profitable online money making opportunities in Nigeria.
Here are some more convincing stats.
Making Money Online from Affiliate Marketing
Becoming an affiliate marketer for top brands, both locally and internationally, is one of the best money making programmes and easiest ways to make money online in Nigeria spending nothing.
For this opportunity, you have to recommend a product or service to your audience and readers using custom tracking links, and then get a referral commission for every time someone makes a purchase using your link.
Because many top brands have huge marketing budgets and running costs they have to meet, affiliate marketing becomes a viable option for them and a superb one for you as a blogger or content marketer to make fast money from the comfort of your home.
The most popular affiliate marketing programmes are with hosting companies. If you have a website, all you need to do, after becoming one of their affiliates, is to advertise purchase links to your personal website hosting company.
These sites and brands have some of the most profitable affiliate programmes that would benefit you.
- Amazon Affilates
- ShareASale
- SEMRush
- Konga
- Jumia
- Whogohost
While affiliate marketing can be fast, easy and lucrative, your earning potentials would depend on your strategy and marketing competencies. Best practice is to market your links in your blog posts, social media, and every other marketing platform thinkable.
Still, don’t sound annoyingly selly so you don’t irritate your audience. Be smart about it.
How to Make Money Online from Affiliate Marketing
- Determine your blogging niche
- Search for and register for any affiliate programme you find interesting or that matches your blog niche
- Buy a domain name and build your website (WordPress is advisable)
- Get your custom link from the company
- Create content that can sell your links.
- Install a WordPress plugin like ThirstyAffiliates to help you manage your affiliate links and track click rates and performance.
- Promote your content in your blog posts, in your email campaigns, social media posts, e-books, video captions on YouTube, etc.
- Repeat steps 5-7 and watch your earnings rise.
Once a purchase is made using your link, you get paid a commission by your affiliate company.
It’s that simple, guys!
Making Money from Online Advertising
Many people are no longer spending hugely on print advertising. Although print or traditional advertising methods like TV, newspaper, and radio still have relevance for specific industries, many consider it to be less cost-effective.
Because consumer attention span is getting shorter, returns on investment for traditional advertising is shrinking, while that of online advertising is skyrocketing, the money-making opportunities that abound in online advertising are increasing.
Statista reports that global digital marketing spending would reach almost ₦350,000 by 2020. This means that online advertising will become more profitable for both advertisers and advertising agencies. You need to join the industry of online advertising if you want to know how to make money online in Nigeria.
Here’re opportunities you can try your hands on.
Pay-Per-Click Ad Manager
Pay-Per-Click ads, also known as Cost per Click or CPC, is one of the most common ad opportunities online today. It means an advertiser will pay you once someone clicks on their ad on your website. You can start with Google Adsense.
Social Media Ad Manager
As social media continues to become an important online activity, the advertising opportunities are becoming endless. Social media ads are becoming the most profitable and analytical ad choices for many advertisers as many more people live on the social media.
You can manage advertising campaigns and do advertising audits for companies using social media platforms like Facebook, Twitter, LinkedIn, Pinterest, Instagram, etc.
Selling Ads on Your Blog
If you already have a blog that is getting huge traffic, be more independent and control the way ads are placed on your website.
This is called display advertising, and it allows you to reach out to people who may be interested in leveraging on your large audience for adverts.
Making Money Online from Freelancing
Freelancing is an interesting and amazing online service option. With freelancing, you can remotely offer online services are in high demand. The amazing thing about freelancing is that not only is it profitable, but it is also flexible, in that, it allows you the freedom to choose what service you wish to offer, to whom you wish to work for, and for how long you wish to work.
To spice things up, you can either join a freelance community that connects employers with freelancers or launch your own website that would allow people hire you right from your website.
The opportunities and service options for freelancers are endless. Here are a few:
- Software design
- Website design
- Graphic designs
- Theme designs
- Copywriting
- Content marketing
- Editorial services, etc.
Top Freelance Platforms in Nigeria and Beyond
Here are useful tips on how to get your freelancing career started:
- Choose your industry and niche
- Define your service offerings
- Understand your client persona
- Build your portfolio and do more projects
- Build your credibility and thought leadership in your industry
- Leverage on your existing network and create more within your industry
- Sell your skills via as many channels as possible
- Perfect your pitch
- Set and scale your service pricing
Making Money online from E-Commerce
Yes, you can sell products online without owning a physical, brick and mortar store. All you need is an e-commerce website.
So, you may have clothes, shoes, fashion accessories, books, toys, cutleries, etc., or some digital products like WordPress themes, email marketing templates, graphics, logos, e-books, photos, fonts, podcasts, video tutorials, online courses, etc., that you wish to sell. Your best bet would be to sell both categories of products online because of the huge amount of audience online by starting a money making website.
To start, you can either advertise your products on online platforms or store applications or design for yourself, an e-commerce website. E-commerce websites are websites that enable the sale and purchase of services and goods over the Internet. Learn how to make a free money making website or e-commerce stores to get you started.
There are many ways that you can design an e-commerce website, but if you use a website builder like WordPress, a simple plugin like WooCommerce would help you integrate your website with an online shopping web environment that’ll allow you to advertise and sell your products online.
If, however, you wish to advertise your products on other e-commerce platforms, there are several platforms you can try out like:
For people who prefer advertising services like freelance services, see item 4 for tips.
Now You Can Make Money Online
To conclude, you should know from this article now that online money making in Nigeria is not a difficult activity. In a world where the internet and information consumption is becoming a global culture, people are exploring new ways to make fast money online in the most cost-effective way possible and there’s no need for you to be left out.
From this article, you should now know the worldwide opportunities in online money making. You should have also learned strategies, platforms, tools, and tips that can get you started. Be sure to learn current trends and adapt to new strategies in whatever niche you carve for yourself.
Rest assured, we would keep you updated as these current trends unveil.
Remember to do a stopover here to catch up on the latest. See you in the next post.
