Have you ever asked yourself, what are the money-making opportunities available to me online?
Many people spend time online on different platforms, but what is not understood is that this time can also be converted into a money-making venture. The online media sphere abounds with amazing money making opportunities and only the smart ones know how to capitalize on these opportunities that do in fact exist.
List of Online Businesses in Nigeria
It is rather easier to make money online because your target audience spends almost most of their time on different social media platforms. The more attractive thing about online businesses is that you operate from your comfort zone.
This article lists out profitable online businesses.
1. Professional blogging
A blog is a web page that typically serves as the personal journal of an individual. Regularly updated blogs usually reflect the personality of an individual; interests and likes. Magazines and newspapers are gradually running out and are being replaced by blogs. This is because blogs are easier to get to and more convenient. You can also start a blog of your own and make money.
It is advisable to begin on subjects that you love, thereby carving your own niche. After this is done, you can apply for Google Adsense program. As the traffic increases, so does your earnings. Blogging is also very profitable because it is a medium through which other businesses can be publicized. This is done via selling advert spaces, promotion of other businesses, freelancing, selling of goods, etc.
Trading on the internet is another lucrative business. It is also called online shopping or drip shipping. The richest man in the world, Jeff Bezos has just the same thing, an online shop called Amazon. All you need is a website where you can put up the products available for sale and thereby reach more people. As traffic increases, so does your sales and earnings. If you cannot afford a website of your own at the moment, there are various online websites available for you to sell your products on. These include Jumia, Amazon, etc.
3. Manage Social Media Profiles
Do you know there are thousands of high profile people and also small or medium business who need creative individuals to manage their social media accounts? Maintaining a good social media profile is essential for the growth of a brand. Search engine optimization (SEO), social media optimization, influencer marketing, content marketing, campaign marketing, data-driven marketing and others are some of the digital marketing skills required for success in this line of business.
4. Website designing
Here is another thriving online business. Since every online business needs a website, this means diverse opportunities for the website designer. If you have a deep interest in designs and wish to be self-employed, a good way to start is with freelance web designs. This is so you can show yourself to be capable of handling the businesses of your clients.
Putting yourself out there as a freelancer has been made easy through various freelancing websites such as Upwork, Fiverr, and PeoplePerHour, etc. This would also help you meet other freelancers and learn more.
5. Sell Photos online
If you have a knack for pictures and great photos, then this is for you. With just a good phone you can take great pictures and upload them on photo sharing websites and thereby earn your own money from every download of your pictures. Photo websites include Shutterstock.
6. Online Teaching
If you are well informed about something such as cooking, video games writing skills, web designs, business management, how to play an instrument and many other things. You can make something out of it by teaching others. You could make a short 5 – 10 minutes videos on your area of interest or put together materials and upload to online learning platforms such as Teachable, Udemy, Skillshare. These sites allow you to get paid for each student who enrols for your course.
7. Forex and Crypto trading
Although a very risky business, forex trading is a great business for those who understand the exchange market very well. People make lots of money trading currencies online. It is advisable that before you start this business, you learn it completely and also start with small amounts before throwing all of yourself into it.
8. Affiliate Marketing
This is one of the most popular online businesses in Nigeria. It entails no capitals, production or even delivery of services. In affiliate marketing, you’re paid for referrals and bringing new clients to an online business. You are given a lik and you share that link to others. Although not properly done in Nigeria, Affiliate marketing market is worth billions of dollars. So as to become successful at affiliate marketing, you might need to focus on a particular industry. This would help you make a name and create a niche so when you make your recommendations, you will be trusted. Affiliate marketing networks include Amazon Affiliate, Jumia Affiliate, Konga Affiliate, Commission Junction and more.
9. Social Media Marketing
There are so many people who engage in the social media space. Youtube, Facebook, LinkedIn, Snapchat, Instagram and many others. Social media marketing is still an underexplored business. Social media marketing helps businesses leverage the people traffic on social media to drive sales and profits. There are very few social media marketers in Nigeria who actively work with businesses. You can become a good social media marketer and make lots of money by helping businesses leverage social media hype.
10. Start a Mini Web Hosting Business
Businesses, individuals and organizations in Nigeria are starting to see the benefits of online marketing. There is, therefore, an increasing market for businesses seeking to bring their ideas and products to the online space through a website. However, a website needs a web hosting service. This is a type of internet hosting service on the World Wide Web enables individuals and organizations to make their website easily accessible. Therefore, you can start a mini web hosting business and have these businesses and organizations as your clients. You can be sure this business would be one of the topmost in the nearest future as the internet keeps penetrating the Nigerian business world.
All you need to start a mini web hosting business is a very fast and reliable computer and rent a big server.