How to Make Money Online in Nigeria 2016 with 25 Examples
How to Make Money Online in Nigeria – Makemoneyonline.com. Discover 25 Secrete Ways to Make Over N500,000 Every Month into your Bank Account in Nigeria. The best way to make money online is to learn from experts. That’s what this blog is all about.
Makemoneyonline.com publishes Beginner’s Guide on How to Make Money Online in Nigeria. Here, we teach you various ways to generate income from the internet. Some of the topics I teach here are; Blogging tips, Affiliate Marketing, Information Marketing, Online Freelancing, Google AdSense and more.
As a matter of fact, this site you are reading makes at least $2500 dollars per month. This amount is very small just because it’s still new (about a year old). With it’s potential, it will make more that $20,000/month in the next 3-5 years. I will show you evidence later.
Here, I will also teach you how to create your own online products such as eBooks, apps, softwares etc and sell it to people who needs them and make extra cash online. I will also teach you complete affiliate marketing strategies you can use to double your income.
You will have a lot to learn here if you are very attentive. I took my time to share fast way of making money in Nigeria 2016. Again, be ready to take action after reading it because there is no amount of reading will make money for you if you don’t implement the knowledge you learn.
There are many ways to make money online in Nigeria. In fact, there are over 100 ways you can make money in Nigeria. I am going to show you how to make money online in Nigeria fast. These are the strategies that most experts like us use to unlock internet wealth for free.
Also, I am going to show you those ideas that are currently working in Nigeria today. This blog has a complete guide for anyone who wants to make money online in Nigeria.
If you are smart enough, you can pick one or two of the online business ideas to maximize your income online.
Before I start, let look at the Nigerian Internet Marketplace and how it works.
How is Internet Used in Nigeria?
According to Internet Live Stat, Nigeria is currently the 8th largest users of the internet globally. This statistics speaks a lot about the potential of internet in Nigerian economy.
The Nigerian population is large (over 180 million plus people and growing) and everyday, over 50 million Nigerians use Google or other search engines to find information from the internet.
The availability of mobile devices make internet accessibility to be so easy. Anybody can just access internet anywhere in the country. That’s the reason why eCommerce thrive so well in Nigeria.
The implication is that, anything can be done on the internet. There are over 100 internet business ideas you can pick and exploit the market. You can develop virtually anything on the internet; bet it online store, tools, software, apps, blogs and more.
In this blog, I will explain many ways you can make money online in Nigeria and elsewhere.
How to Make Money Online in Nigeria
Basically, the only way to make money online is to provide a service or sell a good to someone behind another computer connected to the internet. There is nothing like how to make money online in Nigeria
without investment. Just like any other business, to make money online, you will either need to invest your time, money or both.
How do I make Money Online in Nigeria?
Unfortunately, many people to wrote on how to make money online do not know how to do it. In my case, I have so many sources of online income. Most of them cannot be documented.
I basically make money from the following;
(1) Google AdSense,
(2) Affiliate Marketing,
(3) Information Marketing (product sales),
(4) Direct Advertising,
(5) Premium Services (Freelancing).
See some of the evidence are shown below;
1. Google AdSense
The below picture is my 3 months AdSense earning dashboard. I had to engrave a link to free online business training registration page – makemoneyonline.com.ng/register to avoid indiscriminate use of the image online. I receive the money directly into my bank account here in Nigeria.
Adsense Earnings Dashboard 1 (click the image to see the larger picture)
AdSense Earnings Dashboard 2 (click the image to see the larger picture)
This one is a brief daily, weekly and monthly earning from Google AdSense.
2. Information Marketing, eBooks and Premium Services.
Here is my bank state for one month. I basically sell a very cheap eBook for only N1,000 and so many people buy them because they are useful.
Bank Statement for August 2015 (click the image to see the larger picture)
That’s how I made over 500k in a month in brief. I am simply selling a very simple information. The money increased from 600k plus balance to 1.3 million plus in the same month. That’s the power of online business.
3. From Affiliate Marketing
I also make money online from affiliate marketing and I receive the money here in Nigeria.
See some evidence below.
(a) Commission Junction: I make some dollars from commission junction affiliates. You can click the picture to see the full image
(b) Konga Affiliate: I also make money online from Konga affiliate (the amount is in the blue circle)
Those are my documented source of online income. If you add up all the sources, it may amount to about N400,000 every month. So stop waiting for white collar job, start something. You never can tell what will work well for you. I have other services I render to people online to make money too. You can check out the hire me mage.
About My FREE Internet Business Training
I am conducting an email only training on internet business (emails only). So, if you are not in the training list, consider registering here. Our training is 100% free.
After that, I do publish some of the lessons on the blog section of this website.
These are the topics I cover;
- Affiliate Marketing
- Blogging Tips
- Case Studies
- Google AdSense
- Information Marketing
- Inspirational Messages
- Social Media Marketing
That’s a brief about me and this website and what we do. So, let’s go into different ways that experts use to make money online in Nigeria.
Why Should you Start an Online Business?
See the five reasons below
- Low Startup Capital: Unlike running a traditional business that you need to sort-out money to rent a shop space, you do not need to have a physical store or physical outlet to showcase your inventory. So, in this way, you save a lot of startup capital.
- Always Open for Business: For example, if you have a website and its 24/7 ready to accept payment, anyone can pay you anytime anywhere in the world
- Work Anywhere you want: For me, sometimes I work in café, sometimes I work from home. So it’s up to you and you have the flexibility to work anywhere you want. With online business, you can sit at home and become rich.
- Access to Global Market: You have access to global market instead of just a local market. As for me, most of my student for my online course comes from the countries that are outside of Singapore where I live in. So, to go to tap on the global market that have a very huge potential
- Cost Saving: As compared to year ago when I have a physical classroom to conduct my class, now I conduct my class online, so I save the rental, I save the logistics, I save the transportation cost. SO, there are lots of costs that you can save if you decided to run an online business
Five Types of Online Business you can start
In this section, I am going to share with you 5 different types of online businesses that you can consider to start in the future.
- Selling Physical Products: The most type of online business is selling physical products. For example, if you manufacture, you design, or you create handicraft, you can then sell these physical products through a website. So you can setup a shopping or eCommerce website and you can put all your items online and when people come to your website, they can just payment. After you receive the payment, you can send them the product9s) that they have ordered. The disadvantages of selling physical products are that you have created your own products or buy these physical products from somewhere else before you can ship it to your customers.
- Selling Digital Products: What I mean by digital product are products like eBooks, online videos, audios or software. These are products that are not tangible. When people purchase it, they will receive link to download. So you don’t need to package and ship them out to your customers address. The advantage of this business model is that you do not need to create a physical product and ship them out to people who ordered for them. This business has low maintenance as compared to selling physical products.
- Selling Services Online: There is a website called Fiverr.com where you can find a lot of people offering their services to you for a small fee. For certain services, only $5 will do. So, If you do services like logo design, drawing of graphics, writing of articles, online marketing, video animation, and programming. You can offer these types of services online through this very popular platform called Fiverr. Simple go to Fiverr and list your services.
- Selling Other People’s Products or Services: This is a very common type of online business. Here instead of selling your products or service, you are selling other people’s products or services. This is commonly called affiliate marketing. How is works is that, if I am an affiliate, I don’t need to have my own products, I don’t need to provide my own services, All I need is to go online and search for other peoples products or services and become their affiliate to promote their product. Take for example, if you go to Amazon, you can see that amazon offer a program called Amazon Associates. If you join the associate program, you will get affiliate link from Amazon. So, then you can to promote any Amazon product. You can send your affiliate links to your friends and it your friends click on your affiliate links and go to Amazon and purchase any product from Amazon, you earn a commission of the sales. That’s how it works. The grate advantage of affiliate marketing is that you do not need to have any of your own product or services. All you need to do is to join an affiliate program and you are good to go. Make sure that affiliate program have a lot of good products for you to promote.
- Selling Advertising Space: If you have a popular website, a blog or you have a popular newsletter, you sell an advertisement space to companies or to small businesses to help them to advertise their products or services. Of course, the disadvantage of this is that for many beginners who do not have a popular website or a popular newsletter, this will take a lot of time to build it up.
How Much Money Do you need to start an Online Business?
Let’s breakdown the financial requirements
In order to have an online business, you will need to have a website or a blog. In order to have a website, you need two (2) things. You need a domain name and you need hosting. A domain name means the url that people have to key-in to find your website. For example my domain name is makemoneyonline.com.ng and that is the url I have registered. To register a domain name, it cost about $10 or less per year. You can register at Namecheap.com.
The second thing is a hosting. You need a hosting because your website need an online server to store your information. Hosting will give you the access of server space. Hosting will cost about $100 per year or less. For web hosting, I recommend three hosting companies – these are iPage, Bluehost, Dreamhost or Godaddy .
- Web Development:
Now that you know the price for domain name and hosting, the next thing is the web design. There are two ways to create your website.
- You can learn and do it yourself, which is not that difficult especially with the introduction of WordPress. You can use WordPress to create website without learning programming.
- You can ask someone to do it for you. So depending on your category or your criteria, it may cost from $500 to $5,000 depending on your requirement.
- Product Development: If you are selling a physical product, you have to calculate how much the cost to manufacture the product is. If you buy the product from somewhere and resell it at a higher price, then you need to find out the price that you will pay for the product that you are selling. It’s more costly if selling a physical product. For affiliate marketing, there is no product development fee involved. So if you are starting an online business based on affiliate marketing, then you do not need to budget for the product development fee
- Email Service Provider : Many people have not included this into their startup cost. These email service provider is a software that help you maintain communication with your subscribers, or your customers no matter how large is your customer base. For example if you have 50,000 customers, autoresponder can help you to maintain communication though email with these clients. There are many autoresponders you can use. Most popular one is GetResponse, I pay about $20-$30 per month to have GetResnponse auto-responder services. Getresponse is good because you can send bulk emails at once. If you are using your gmail, yahoo or Hotmail, you will not be allowed to many emails in one time. That’s why you need email service provider so that you can mass send emails to your customers whenever you have offers, promotions, and you can nurture your subscribers in the list using the outoresponse feature.
See the Best 25 Ways on How to make Money Online in Nigeria
Here are the top 20 ways to make money online in Nigeria plus 5 bonus points, making it 25 in all. I have also given example, links to read more and how to start them. Here, you will see the full list of money making opportunities in Nigeria 2016.
1. Create a Search Engine
You can own your own search engine and make money from advertising and sales of ads spaces. At any level, search engine makes money if you know how to promote it to get more users.
Owners of search engines make money online via advertising in the search results.
It isn’t hard to own a search engine of your own. There are ready made search engine crawler script your can buy now to build your fully optimized search engine website. Start with a cheap but fast web hosting here.
2. Start a Social Media and Forum
A social media network is a site that allows individuals to signup, interact with other peoples, share their knowledge and make new friends.
It doesn’t have to be as big as Facebook. You can even start small like a forum. Few people who start forum in Nigeria are now making it big.
Forum grows on it’s own because it’s the users that generate contents to make the site busy.
It’s not hard to start a social media or forum. All you need to do is find a good niche, buy a social media scripts and install. There is a $1.99/month WordPress Hosting from iPage that you can buy and start this business now.
Now, do the needed marketing strategies to promote your forum to get more users. People will come to advertise on your forum. You can use it to make money from Google AdSense or affiliate marketing.
3. Start Video Streaming Website
No wonder why YouTube is now the 2nd largest search engine in the whole world after the Big G. Video streaming websites is one of the best way to make money online in Nigeria.
Do you know that over 500k people search for Nollywood films online every month? You can collaborate with movie marketers to stream high quality HD Nollywood movies to your views.
You can make money from subscription, paid download, Google AdSense, Affiliate marketing and direct ads space sales.
It’s not difficult to start a video streaming website. There are ready made video streaming script you can buy a $1.99/month WordPress Hosting from iPage and install on your site. They are fairly cheap compared to the amount you will be making when it goes life.
4. Start Job Website or Job Search Engine
Considering the growing numbers of jobless graduate in the country, over over 20 million people go online every month in search of jobs.
You can tap this opportunity by creating a job search website. You may not stop here.
You can go further to establishing a recruitment firm where you work directly with job owners or recruiters.
They make money from Google AdSense, sponsored job listing, direct ads space sales as well as personalized services such as CV making, headhunting, consulting and more. You can even do more conducting interview training and compiling and selling job interview questions.
It’s quite easy to start a job website in Nigeria. All you need is a ready made job theme, a $1.99/month WordPress Hosting from iPage and you are good to go.
Read more on how to create a job website and make money from it.
5. Start an Online Store
Not that they are lazy, but it’s just fun to shop from home and get your product delivered right to your door.
The pay on delivery system makes online shopping more popular. Buyers are not afraid of scam since they will only pay when the product are being delivered to them.
Currently, you can virtually sell anything online; ranging from digital product like eBooks, software, apps to physical products like electronics, phones, apparels, food products and more.
It’s becoming more easy to start your own online store.
This is where big shops that Konga and Jumia built their online store.
If you want to start your online store with a little budget, you can simple get a $1.99/month web Hosting from iPage, install WordPress, use premium shopping cart theme with WooCommerce plugin and your are good to go.
Let me create online store for you.
6. Start Affiliate Shop
Just like online store, you can build a fully affiliate shop and make more money from affiliate sales commission. This is rare but few people uses it to make money online. Affiliate shop is just like an online store.
The different is that you are not fully involve in the product sales and delivery.
Once the reader clicks on the “Buy Button”, they will be redirected to the merchant’s shop. Once they user buys anything from they, you will be paid a sales commission.
This is a new idea to make money online in Nigeria. A typical example is ShopDirect.NG (that site is for sell). All the links from the buy now buttons goes to Konga and Jumia shops.
Read more on how to start affiliate shop and make money here.
7. Start Entertainment Blog
This is rocking! Infact, 60% of Nigerians who visits internet everyday are reading entertainment blogs. They are actually interested in celebrity gossips, celebrity net worth, celebrity news and more. Read: How to Start a Gossip Blog that Matters from Scratch
So, if you are passionate about entertainment, start a blog on it and you will never regret.
There are many entertainment blogs in Nigeria. Notable ones are Linda Ikaji’s Blog, TheNet.ng, Bellanaija, Pulse.Ng, Naij.com and more. They churn out thousands on dollars from Google AdSense and big advertising contracts.
This is the easiest online business idea to start.
But you have to be careful because there is a lot of competition in the niche. Notwithstanding, you can still make it big if you have a working strategy.
You can then build your readership base and become a household brand.
Read more on how to start entertainment blog and make money from it.
8. Start Information Resource Blog
Everyday, millions of people search for “do it yourself” guides. These searches usually starts with “how to” “what is”, “where to”, “how much”, and more.
These are called self help guides. You can make serious money by providing information based blog for people. Just like Wikihow and lifehack, you can build your own information based blog and drive tons of traffic to it.
These sites rocks because they have high number of page-views everyday. They make serious money from it through multiple sources; Google AdSense, Paid services, Advertising contracts, eBook Sales, Errand Services and more.
It’s one of the easiest online business to start but be ready to research and write resourced based articles.
9. Start a News Website
Like I said in the opening of this post, over 60% of all internet users in Nigeria are reading news. This is one of the niche with the highest number of readers in Nigeria.
With a news website, you are sure that you will have reasonable amount of web traffic considering the number of people who read online news in Nigeria.
In fact, we now have over 200 top rated news websites in Nigeria and there is still room for everyone to thrive. The population is so large in such as way that good online strategies can still make money from news niche in Nigeria.
News websites make money from many income sources . Few of them are Google AdSense, advertising contracts, subscriptions, sponsored contents, and sales of news paper in hard copies.
If you are good in writing, you can write your news or pay new curators to develop news articles for you.
Some people even copy news from other websites and publish in on their websites.This is duplicate contents but I have seen many people making money from it in Nigeria.
10. Start a Soccer Analysis Blog
Do you like football? Can you talk about the game? If yes, just like Goal.com, you can now own your soccer analysis blog. So many people like football a lot. You can even create a real time footbal results just like Livescore.com
Again, in this time when soccer betting is getting popular, you can make more money from soccer analysis, soccer predictions and betting tips. You can also publish football player transfer news, injury updates, as well as livecores.
There are few sites that focused solely on soccer gist in Nigeria. The likes of completesportsnigeria.com, soccerstar are silently make it big online because they virtually don’t have local direct competitors apart from foreign websites.
They make money online through betting affiliate programs, Google AdSense, Direct Ads space sales, advertising contacts and sales of hard copies of their papers.
Don’t sit on the fence anymore. get inspired and start a soccer analysis website and you will be glad you do.
Follow up latest trend in soccer niche, develop your analysis pattern and grow your audience. the sky can be your starting point.
11. Start a Free Classified Website
Free classified website is a newcommerce strategy of rocking the web. Its like and directory or a storefront that allows users to list their products or services with their contact details.
Most of the free classified websites rank well in Google and allows users to contact the person who listed the product or services directly. You too can create your own free classified website now.
They are really rocking the web and their popularity grows with time. Here you don’t waste time to write articles unless you have a blog section. Contents are generated by users to make up their list.
There are limitless sources of income for free classified websites. The key-players make money from direct sales of ads space, sponsored listing, affiliate listings, Google AdSense and more.
Free classified website is one of the way to make money online in Nigeria. You don’t need to break a bank to start a free classified website. What you need is a super-fast web hosting.
12. Start a directory website
Business directory website is where all business locations, websites and contacts information are listed for easy accessibility.
It will involve quite a lot of work to develop it. Thought you can focus on listing websites or business in one category.
Sure, in the end you will smile because you can make serious money from it depending on the amount of effort you put to list the available businesses.
You can check out the likes of Vconnect, Hotels.ng, Jovago.com and more. There are many others flooding the Nigerian internet marketplace. They make serious money online from premium listing, affiliate links, sales of Ads spaces and Google AdSense.
You can start a business directory website if you are willing to. It’s not hard to start. Simple get a nice domain name, superfast web hosting. Buy a business directory script and install on your server and you are good to go.
After that, you will invest time and money to compile the list of business, their websites and contact information.
Watch the video and see how Listify directory theme works
13. Start a Tech Blog
Tech blogs covers a lot of niches. It’s a very large niches with sub niches in between. You can focus on recent technology trends, news updates as well as tech tips and tricks.
Just like DIY blogs, tech blog command huge amount of web traffic every month.
You can choose to write on latest smarphones, android aps, windows, ios and more. Anything you can write on any of these topics can bring in money because they are physical and digital product to sell of promote.
I love this niche so much because you will also have what to write on at any time. There is money in the niche too. many successful bloggers who own tech blogs make money from affiliate sales.
The owner of NaijatechGuide – Pascal Okafor was the first affiliate marketer to make N1,000,000 from Konga Affiliate. Others like Techcabal also make money from subscription, eBooks sales, Google AdSense, direct sales space ads and more.
If you are passionate about making money online in Nigeria, think of starting a tech niche blog. You can actually start it with a very little budget.
14. Start Music Download Website
Do you know that over 10,000 musics are being downloaded every day? This is true. Nigerian music is very popular both in Nigeria and abroad.
In fact, from my niche research, I discovered that over 200k people search for keywords related to “nigerian music download”.
So, it means that you can make huge amount of money online if you have a music download website here in Nigeria.
This is a hidden business and few people who do it are enjoying along because there is less competition in this niche. See the like of Tooxclusive.com, NotjustOk.com, MP3Naija.com, Naijabambam.com and more.
They make serious money online via paid download, Paid music listings, direct ads space sales, Google AdSense, membership subscription and more.
It’s quite easy to start music download websites. You don’t need to write much articles. All you need are music files, a nice domain name, a very fast web hosting and a premium music pro theme and you are ready to start.
Be consistence and list both new and old musics on your website. Also, categories it very well in terms of music genre and sources.
Watch the Video and see how music pro theme works
15. Start a Photo Stock Website
Online photo stock business is a real deal. This is how Getty Images becomes a multi billion Dollar business in the US. Unfortunately, Nigerians are not doing this lucrative business of photography.
Photo stock is an online database of pictures. People uses the free ones while you make money from paid ones.
If you are a photographer, you can use this medium to gain more popularity that can help you hit a life changing shooting contract.
I scanned a whole web and I discovered that only few people do this business. During my research, I only found onnigeria.com. This is sad considering the hug number of people that needs images for one purpose or the other.
You can make money from premium shots, shooting contracts, advertising and Google AdSense.
fortunately, it’s quite simple to start photoblogging and create a photo stock website. But it’s quite easy to start a photo stock website in Nigeria.
First of all, you will need a high pixel DSLR camera. Once you have that, find a very good domain name, buy a super fast web hosting, buy a photography template and develop your photo stock website. Be consistence and unique in your shots and you will be amazed with the outcome.
16. Start a Food Blog
Do you want to get high numbers of readers from the US and Europe? if yes, open a food blog and publish how to prepare popular Nigeria dishes.
Nigerian Food blogs enjoys high readership from the US and UK. many people out there are looking for ways to try out Nigerian recipes considering it’s nutritional benefits. So, don’t be left out especially if you know how to cook.
No matter the competition, cooking tips cannot be exhausted. If you are smart enough, you can even bring out new Nigerian food recipes and stun your readers.
The key players in this niche are 9jafoodie.com, Nigerianfoodtv.com, Allnigerianfoods.com, kscuisine.com and few more… They basically make money from sales of new recipes, affiliate marketing, Sales of Cookbooks, Google AdSense, Direct Ads space sales and more.
It’s also easy to start a food blog. All you need is knowledge on how to prepare common Nigerian foods. If you have this, go ahead to find a niche domain name, but cheap but fast web hosting. You can use a free theme for this. Although you can twist your blog up with premium food theme if you have little money.
17. Start Real Estate Property Website
Real estate will still rock in a highly dynamic country like Nigeria. Currently we are experiencing the emergence of new cities, rapid movement of individuals between one place to another within the country.
This trend has triggered a lot of online business opportunities. One of which is real estate website.
Real estate websites are where properties are listed for sale, lease or rent. This is an age long business that will never fade.
So, you can make more money online if you create a real estate website and list the properties (rooms, flats, warehouses) around you.
You can even develop a larger real estate search engine to the capacity of covering the whole city like Lagos. This means money if you can succeed.
They make serious money from private premium listings, direct sales agency commission, sales of ads space, subscription services as well as AdSense.
Do you want to make money online? If yes, learn hoe to do it here. It’s really easy to start a real estate website here in Nigeria. Note that you will do a lot of foot-walk and contacts to discover properties that are available for sale, rent or lease.
18. Start Online Booking Website
A booking website is a place where users book for hotels reservation, holiday booking, flight tickets, cinemas, events, car rent and more.
Online booking collaborates with related businesses such as hotels, airlines companies, cinemas, and even managers to get customers into the reservation list.
There is money in this business because, you don’t only make high sales commission but through premium contracts.
Their work is not just booking and reservation. Like I said, most of them work directly with their merchants and act as visa processing and travel agents. There are many ways that the key players make money from online booking sites.
They make money from their clients in the form of processing fees. They also make money from sales commission from their merchants.
Others ways to make money online from booking website is premium services like visa processing, tour guide as well as premium listings. Other ways are sales of ads spaces, affiliate marketing and Google AdSense.
It’s quite easy to start a booking website here in Nigeria. All you need is a nice domain name, cheap but fast web hosting account and a premium booking theme and you are ready to start. Do your homework and strategies to succeed.
Watch the video and see how the theme looks like in real life
19. Make Money Online as Freelance Worker
Just like normal life, you can do so many thing to many people on the internet and they pay you. There are quite a number of things you can do. In fact the list is endless. You can write articles online, you can design for someone online and so on.
There are quite a number of jobs there. I have few friend who are currently making as much as $50 per day. This is not a big money but it’s enough to wait for the bigger one.
Apart from patronizing the services of freelance websites, you can start your own freelance site. It’s easy to create your won freelance website.
Here, you can offer many types of direct services to many people who need them. What you will offer depend on what you know. A typical example is myself. I make reasonable of money from the services I offer in the hire me page.
So, if you want to make money online, you can work as a freelance worker by using the strategies I mentioned above. You have to be experienced to succeed.
20. Make Money from YouTube in Nigeria
Do you know that you can make huge amount of money by uploading videos to YouTube and monetizing them? Yes, this is quit true and it’s called vBlogging or Video blogging on YouTube.
Many youtubers who starting vBlogging are now becoming YouTube stars with millions of subscribers.
You don’t need to be a super model to start a YouTube channel. Besides, there are a lot of things to use as content ideas that will interest your viewers.
There are various ways to make money from YouTube. One of it is directly through Google AdSense. Others are indirect ways as a result of direct traffic from your YouTube channel.
You can make money from affiliate product review blog, you can use YouTube to increase your web site or blog traffic which may eventually lead to to AdSense earnings on your blog, more sales, more direct services and more money.
YouTube is a super tool that no one should underestimate. It’s currently the 2nd largest search engine in the world. You can start YouTube channel with just you Google account.
To make money from YouTube, you have to upload only original videos and monetize it. You also need a good camera to capture good videos.
Those are the major ways you can use to make money online in Nigeria. Just because of you, I have added more 5 bonus points to enhance your information reach.
Why I call it bonus is that, you need to have an audience (like a blog) before you can benefit from implementing them. These are;
21. Information marketing: As simple as the name implies, information marketing is a direct sales of information to someone who needs them.
These information can be in the form of eBook, software, video or podcast. No matter the form, it’s required to solve the buyers problem and put money into the sellers pocket.
I do this a lot and it’s my main source of online income.
If you are selling information products directly on your website or blog, its advisable to buy and use SSL certification to promote trust.
22. Affiliate marketing: Affiliate marketing is a commission based referral marketing system. It’s simple, you refer someone to buy what they already need and your make money from sales commission. You need a blog to do this.
23. Website and Domain Flipping Business: This is about developing a site or domain name and selling it to other people. I do this a lot and sometimes, the profit is somewhat mouthwatering.
A typical example this online affiliate store: strategyfashion.com. I developed it and it’s ready for sell. You can buy it if interested.
24. Bulk SMS Websites: Bulk sms websites is where users can signup, make payment online and send bulk sms to many numbers of recipients. It’s one of the way to make money online.
You will need to buy a very fast web hosting, install Joomla and buy SMS delivery system on it and you are ready to launch your bulk sms portal.
25. Online Surveys: Online survey is one of the ways to make money online in Nigeria. But this particular idea is yet to be fully exploited due to lack of understanding how it work. You can give it a try and see how it goes.
26. Google AdSense: This is not by best way to make money online but the money do helps. Some months, I do see up to $1,500 or more. You need a serious web traffic at least 5,000 page to make tangible money online.
27. Commission Junction: This is my favorite when it comes to internet income stream. It’s easy to start commission junction. To make money from commission junction, you have to get a well targeted traffic and an email list. Watch the video below on how to get started with commission junction.
I have reveled the best 25 ways on how to make money online in Nigeria for you. It’s now your turn to take action if you want to achieve it. If you are just starting out, I recommend you buy a very cheap but fast web hosting. See reasons here.
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How Can You Make Your Own Money from the Internet.
It’s quite easy to make money online if you are working on a correct knowledge that works. It might be frustrating is you are get rich quick minded person.
Making money online is not money by air. There is only one principle of making money online anywhere. Before you can make money online, you have to (a) create a buying audience (b) sell products online or recommend a product to ohers (c) provide a service to another person behind another computer connected to the internet. It there means that you have work before you earn. This is the only legitimate way to to make money online.
Here is what You Will Need to Start Online Business
(1) Access to the Internet: You will need and access to the internet. This could be a personal computer or a good smartphone with internet connection. Basically, I recommend a laptop with a modem. Personally, I am using a Toshiba Laptop and MTN fastlink Modem.
(2) Some Money to Subscribe Internet: I overhead some guys ask me how to make money online without any investment. I don’t think this is possible. You will need some money to subscribe your modem to get access to internet. Anybody that want to make money online should be online most of the time.
(3) A Work Plan: With the above two things in place, you are ready to start an online business. You need to create a miniature business plan. What type of online business do you want to do? What will you achieve if you do it? What do you need to do to achieve your aim?
(4) Bank Account: You need a bank account that you will use to receive the money.
(5) Payoneer Accounts: This is needed if you like to do business that don’t pay directly to your bank account here in Nigeria. Most affiliate and freelance websites in the US that accept Nigerians pay with Payoneer.
(6) Patient: This is needed as a prerequisite to make money online. Just like any other business, you have to wait for the business to grow before you start to harvest. One advantage of Online business is that once the money come, it will continue to come unless you relent your effort.
(7) Honesty and Open Mindedness: You have to be as transparent as possible to succeed in any online business. If you mistakenly or purposely scam somebody, just one bad review or comment about you is enough to tarnish your image online and everybody will be afraid of you if you are not even arrested.
(8) Focus: One big mistake most people make is lack of focus when they start online business. They will create as many websites or blogs thinking that the more they create, the more they will make money. It’s advisable that you should take your time to research on your niche. The choose a very profitable niche and stick to that until you make money from it. Once you create more that two blog, your efforts will be divided.
(9) Be Unique: Another mistake most people make is to trying to copy another person’s strategy. It’s good to have a mentor. It’s also good to follow a pattern that works but try and be unique in whatever you are doing. Do not involve in copy and paste blogging unless you are ready to do this. If you do that, you will have so many problems, either Google will refuse to index/rank your blog in search engine or refuse to approve your AdSense application.
Those are the few things you need.
Choose an Online business you can do well.
I have listed up to 25 online business you can do in Nigeria and listed websites and blogs that are already successful in it. Go back to it and get inspiration.
The Only Way to Make Money Online in Nigeria
There are basically three steps to make money online in Nigeria. These are explained below.
(1) Find out What People Need: The hallmark of online income is your ability to provide solutions to people’s problem. So find out what problem people have and how you can provide the solution to them.
(2) Determined what you can do: There are many things you can do online to make money. This will depend on what you are able to find out in step 1 above and what you can really do best. Sometimes, it’s quite easy and fun to make money from what you know and love to do.
(3) Choose and Create an Audience: The next point after (1) and (2) above is to either choose a ready made audience e.g Freelance websites or build your own audience. My best strategy is building my own audience.
The best way to do this is blogging and email marketing. Depending on your blog niche, your blog readers may eventually become your customer or clients. This is simple.
(4) Become Rich Using Internet: having had all this in place, the next thing is to make money. There are three main ways to make money online.
(a) Provide a Service or sell your product and keep 100% the profit; These could be eBooks, software, apps, contents, videos etc.
(b) Recommend and product of service and enjoy the sales commission; These could be affiliate marketing
(c) Sales an advertising space on your audience: These could be direct space sales or pay per click ads like Google AdSense
(5) maintain your Business: After all this, it’s important that you maintain your business so that you can continue to make money from it.
That’s it on how to make money online in Nigeria. This is just a blueprint and the principle behind it. I have published many online business ideas on this blog. You can implement some of them and see how it goes.
The best way to to learn how to make money online is by implementing the ideas you are reading. I recommend that you start a blog. Start building your audience with a blog.
don’t now how to write? If yes, see How to Get a Successful Blog even If you Don’t Know how to Write
Four Costly Mistakes to Avoid When Starting your Online Business
- Avoid Spending Too Much Money on a Website: I had a friend who had once spent $15,000 to pay someone to create eCommerce website and at the end this person do not have enough money left to market the website. If you have some budget for your online business, most of it should be spent in marketing the website and not creating it.
- Avoid Spending too Much Money on Inventory: Before you start-up a website or launch your online business, avoid spending too much money to buy items or inventory. A smarter way is to sell first and buy later. Consider the model of taking in orders first before you purchase the items. A lot of online stores now are doing well by using this model to business
- Do not Implement marketing Technique Blindly: There are so many marketing tips and techniques around that you can do. You can do YouTube marketing or Facebook marketing but no matter what marketing you do, always track the result and measure the result. This will ensure that you know which the effective channels for your business.
- Not Doing a Proper Research: Always proper research on the ideas before you start an online business. There are different ways to do this. You can use Google Keyword Planner. Type in the keyword to find out if there are people searching for the things you want to sell. So, if there are demands, then you can create your website.
Most Important Thing you must know – Build a List
There are few important things you should know before you start an online business. That’s what I am going to share with you in this section.
The concept is called the least nurturing process. Before I continue, I will want to remind you that most of the visitor that will come to your website for the first time will not buy things from you.
This is law of eCommerce and you can’t alter this law. So, you will have to accept it. Most people that come to our website will not buy things from us for the first time which is okay.
The problem is, a lot of people nowadays, when they start an online business, they don’t see this and they thought that most people that will come to their website will buy things from them.
This is where the problem lies. The truth is, when people come to your website, they are just visitors and the number one thing is not to make them buy immediately but to convert them to subscribers by giving you their name and email address.
For example, if you run an eCommerce store, you may decide give aware $10 discount voucher to entice your visitors to subscribe to your mailing list. People may subscribe to your mailing list but they may not buy from your website immediately.
After they subscribe to your email list, then you can schedule to send them educational emails, you can send them monthly newsletters, you can send them tips about your products or services. From these educational emails, you will slowly convert your subscribers to customers when the time comes when you have promotion or new products.
You can send it to them and when they see that it’s something that they need and it’s offered at a reduced price, they will buy your product of services. The whole process is called a “conversion funnel”.
Always have a mechanism on your website that can capture names and emails of your visitors in exchange of something useful that you can send to them. This is very important concept that you can understand.
No matter what type of online business that you run, capturing your visitors name and email is very essential and a critical point of an online success. In the next section, we are going to look at different categories of online business.
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Start publishing what you know best and watch it grow into a money making machine. There are no other magic.
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