06/07/2021
5 Best online businesses in Nigeria to start and make money
Here is a list of 5 online businesses in Nigeria that you can start today and make money. These online business ideas are the best out there.
1. Blogging
Without a doubt, blogging is top of the best online businesses to start in Nigeria. This online business is something anyone can do and make money. Gradually, regular newspaper and magazines are fading out, they are being replaced by blogs. And on the internet everyone has the ability to start up a blog, unlike starting up a regular newspaper or magazine that will involve lots of politics and expenses.
I cannot remember the last time I bought a newspaper or magazine. Whenever, I need information, I get online, visit some blogs and get all I need! Easier and more convenient.
If you are well informed about a particular topic and you have interest in it, you can start a blog and make money. Blogging is all about information sharing. It could be politics, entertainment, news, gossip, business, sport, technology, reviews, food, health, insurance. Anything at all! Just share information that people are looking for.
Once you start having visitors on your blog, you can start making money with it from Google Adsense, Affiliate marketing, Product sales and more.
In the beginning you may struggle because you are fresh, as long as you know what you are doing and keep growing your audience, you will be making over $1000 (over N350k) a month in a year or less.
Creating a blog is easy and it should not take you more than 20 minutes to create one.
Domain name should cost you N4000 or below. Hosting your blog should cost you about N3000 or less a month.
If you are looking for online business in Nigeria that pays then blogging is the way to go.
2. Affiliate marketing
This is a very lucrative online business that people often overlook. Affiliate marketing is all about referring people to buy a product or services for a commission.
The good thing about affiliate marketing is that you do not need to have any product. Just recommend products of other people and get paid for your effort. You are given a link and you share that link to your audience.
I know it sound so easy and less lucrative but letâs break it down. Letâs assume you recommend a product like a phone worth N80k. And your commission is 20% which is N16k. You share your links through your channels and at the end of a month, 1000 people purchase through your recommendation. That will be 80, 000 x 1000 = N80 million. Your commission will be 20% of N80 million which is N16 million! So in a month you have made N16 million. If the commission was 10% you made N8, million. If it was 5% you made 4 million!
The Affiliate marketing market is worth billions of dollars but in Nigeria and Africa, it is not well explored.
To become a successful affiliate marketer, you will need to target a particular product or industry. Then create a niche blog about that product or industry and recommend their products. You can also create a niche social media pages and push your affiliate marketing there.
There are many affiliate marketing networks that you can join and get products or services to promote. Some of them are Expertnaire, Jvzoo, Konga Affiliate, Commission Junction and more.
This is one of the best legitimate online businesses in Nigeria.
3. Online Videos
Online Video business also known as Vblogging is a very lucrative business that anyone can venture into and make money. Have you been on YouTube recently? Am sure that you have. Either to watch the latest music video, some comedy skits, football highlight or something interesting. That is what Vblogging is all about.
You can make videos on Facebook, Instagram, Twitter and other places but YouTube is the biggest market for online video business. YouTube is the second most used website on the internet after Google! Yes, YouTube is used by people worldwide more than Facebook, more than Instagram, more than Twitter. YouTube is all about video sharing. Only videos.
If you have passions for videos, you can start creating them and uploading on YouTube. You can do a comedy skit, short movies, you can do talk shows, you can do football reviews/previews. There are so many things you can make videos about. DIY, life hacks, games, music, entertainment, news, politics, tutorial, fashion. Very many.
Build your audience and you can start making money from it with Google AdSense, Affiliate marketing, sponsorship and much more.
If you are looking for online businesses in Nigeria that you can start with no money, then this is it! All you need is your phone to start making videos
4. Social media marketing
There are so many people on Social media. From YouTube to Facebook, Twitter, Instagram, LinkedIn, Snapchat and the rest. People spend the best part of their days on these platforms.
Social media marketing help businesses leverage on the crowd of people on social media to drive leads. It has been proven that businesses who have good social marketing strategy, increase their sales by over 100%.
But there are very few social media marketers in Nigeria working with businesses. So many small businesses in Nigeria are not making use of social media to drive business leads.
You can become a social media marketer and fill the gap. You will make a lot of money helping businesses leverage on social media buzz.
5. Web Design
Many websites are created everyday. There are billions of websites on the internet and millions more are being added each month. In Nigeria, website creation is on the rise as more businesses and organizations look to tap into the power of the internet.
These businesses need web designers to help them build websites for their businesses.
To be a web designer, you need to have a knowledge of coding. You can learn programming online almost for free these days. Read: How to become a software developer. You also need to have a good understanding of the CMS that you are using.
Learn web designing, then create a website for your business and advertise it on social media. You will find customers.
To be a web designer, you need to have a knowledge of coding. You can learn to program online almost for free these days.