Here is one thing most people who want to make money online in Nigeria fail to realize: there is no difference between online business and traditional business models in the sense of what a business should do to make money.
To make money, you need 3 things in place. I would like to borrow a 3 steps summary from the book The $100 Startup to summarize it:
- Have a product/service
- People who want those products services
- A means to get paid
When you have these 3 things figured out, then you are an entrepreneur. But for this post, let me help you find the number one which is product/service.
There are various ways to make money online. Many online businesses require very little or no money to get started. With some online businesses, you can be sure of a steady income.
However, how much you make per day, week or month will depend on you and your business decisions
Lucrative online business ideas in Nigeria
- Make money with Blogging
- Sell digital products
- Social media marketing
- Affiliate marketing
- SEO services
- Online courses and tutorials
- Paid membership sites
- Online freelance jobs
- Ecommerce business
- Website flipping
- Web hosting resell
- Graphics design
- Freelance web design
- Mobile development
So, as you can see from the list above, there are many lucrative online business opportunities you can choose from. The list is not exhaustive but what I have done is that I listed some of the best ones out there.
Make money with Blogging
Blogging is among the best online business
For example, if you want to do affiliate marketing, you will need a blog of your own. Similary, most other online businesses need a blog.
How to make money with blogging?
There are many ways to earn money with blogging. This includes:
If you want to get started with a successful blog I have already written a post that will help you. Read how to How to start a money-making blog
Sell digital products
There are many things you can sell online, both physical and digital products. But, for digital products alone, you have a couple of options.
Digital products you can sell online include courses, eBooks, tutorials, stock photos, MRR products, videos, etc.
Social media marketing
Every modern business person knows the importance of social media for branding, building a customer base, etc. This is why most companies and even small businesses pay social media marketing experts to help them build their social media presence.
You can make money online on social media with your own products or that of different businesses and other people.
But the main idea here is that you could learn to promote other peoples businesses, products and services, help them reach more potential customers while you are getting paid handsomely!
To create products that sell may be challenging to some people, especially creating a physical product like shoes, smartphones, etc. Affiliate marketing makes having your own projects unnecessary.
In affiliate marketing all you have to do is promote (market) other people’s products and services. You get paid a commission for every product purchased through your marketing effort.
For example, if the product costs $1,000 dollars and your commission is 5%, you get paid 1,000 * 0.5 = $50 whenever the product is purchased through your affiliate link.
SEO services business
The struggle of every website is how to get more visitors from search engines like Google. This battle is hot and is being faced by eCommerce stores, companies, bloggers, and every business on the web.
Many businesses are ready to pay an SEO savvy person to help them take care of their SEO and boost their organic rankings on Google and other search engines.
Want to learn how to make money online offering SEO services? Start with this ultimate beginner’s guide to SEO.
Sell Online Courses
Millions of people are ready to pay for quality online courses. I learned over 90% programming I know from online sources, including tutorial websites, YouTube videos, etc. Online courses have made learning available to everyone and even more convenient.
You can make a lot of money selling online courses. The most important thing is being able to prepare a quality course worth paying for.
Paid membership website
A paid membership site prepares some special premium content that is accessible only to paid members of the website.
The special content can be anything: health and fitness, weight loss, business guide, reports, etc, and only members who pay subscription fees can access them.
Online freelance jobs
Online freelancing is very popular now. There are websites where you can go and create “gigs” of services you which to offer and start selling to customers around the world.
There are tons of services you can sell at freelance websites including logo design, article writing, tutorials, eBooks, Android development, SEO, YouTube videos, etc.
Opening an online store is another great way to make money online. What you need is a proper business plan to figure out how to get started.
In eCommerce business, you sell your products to your customers right from your website. Payment systems are integrated into the website so you can easily collect money for goods purchased.
I can build a solid e-commerce website for you at a very affordable price. Contact me if you want me to work with you.
In website flipping business, you make money by selling websites. The way it works is that you get a website, build traffic and increase it’s earning potentials. Then sell the website for some awesome profits. Get more websites and repeat the process.
Web hosting resell business
Big companies are already into the web hosting business. You don’t necessarily need to be a big company to start your own web hosting business. Instead, you can tap into web hosting companies and become a reseller.
Graphics design business
Graphics design is one of the most promising ways to make money online. Graphics design services are high on demand.
You can make money online as a graphics designer designing logos for businesses, business cards, banners, invitation cards, etc.
Freelance web development business
Many people need new websites. Tons of existing websites need different kinds of services. Some people want some features added or removed, website updates, SEO optimization for their website, custom theme, plugins, etc.
Want someone that can teach you web development? I can teach you if you are in Lagos and can afford my fees. Let’s get started.
Mobile app developer
Mobile apps have taken over the market. Almost every business and organizations need mobile apps. Educational, website owners, etc all need mobile apps these days.
Just like in web design and development, the services of comment mobile apps developers are high on demand.
Also, you can create an app and monetize it with Google Ads (AdMob).
And that is it,