There are several ways one could make money online in Nigeria today. Young people use their skills to generate income for themselves and their families.
Today, one can do jobs online from the comfort of their home. This has helped to reduce the negative effect of unemployment and change the mentality of seeking white-collar jobs. Online jobs have proved to be a legitimate way of making money online rather than cyber frauds known as ‘Yahoo Yahoo‘ in Nigeria.
In this post, we’ll see the best ten ways to make money online in Nigeria today. Let’s get right into it.
Best 10 Ways to Make Money Online in Nigeria
One can make money online in Nigeria by putting your skills (digital, business, etc.) to work and becoming wealthy. Discussed below are the best ways to make money online in Nigeria.
This is one of the best ways to make money online in this part of the world. Putting your ideas out (articles or photography) can fetch money when people read/view them on a blog site or website.
You can make money by gaining traffic on your post and when people pay you to have adverts on the blog. This can also be done through affiliate marketing.
Many young Nigerians like Linda Ikeji have earned a fortune and become famous for blogging. Bloggers are in the discussion when top music artists put out their body of work these days.
This is a straightforward and legal way of making money online in Nigeria. Freelancing entails putting your digital skills (writing, designing, photography, etc.) to work to make money.
As a freelancer, you have the opportunity of doing two or more jobs at the same time, depending on your abilities. There are online platforms you can work for and get paid. Some top freelancing platforms are Upwork, Fiverr, LinkedIn, etc.
3. Cryptocurrency Trading
Trading cryptocurrencies can earn you passive income. There are crypto exchanges where you can buy and sell your crypto assets for profit. You can also make money with P2P trading by using platforms like Paxful.
For example, Prestmit, a digital exchange platform, is one of the best places to trade crypto assets at high rates to make money in Nigeria.
Young Nigerians are taking advantage of the price volatility of crypto to make money. Different trading strategies exist to make money, including arbitrage trading, where one takes advantage of the price difference between two exchanges to earn profits.
4. Gift Card Trading
You must have seen adverts on WhatsApp status, Facebook, Instagram, and other social media platforms on gift card trading. Gift card brokerage is one of Nigeria’s coolest and easiest ways of making money online.
There are platforms where you can get the best rates for your gift cards to make profits. A highly recommended example of these digital exchanges is Prestmit. After registering on the platform, you can buy and sell gift cards to generate income.
Many people are taking this route to make money in Nigeria today. This entails setting up an online store to sell goods.
This is made easier and simpler by conducting sales on platforms such as Jiji, Jumia, Konga, and others. This is one money-making strategy that requires your business and marketing skills. It is a sure way of making money for those who know how.
6. Affiliate Marketing
Affiliate marketing is taught as a course by digital marketing companies as it is a way of earning without stress. In this case, one can achieve this by assisting another to promote their goods in exchange for a commission.
In Nigeria today, there are many people whose occupation is Affiliate Marketing. There are also affiliate marketing initiatives, as they are seen as a livelihood source.
7. Create & Sell Digital Products
This is another impressive way of making money online in Nigeria. You can create digital products such as e-books, songs, podcasts, movies, etc. then sell them to make money.
You can also create courses, for example, a course on ”how to make money online in Nigeria” in a video or book. In doing so, you’ll create value and also make money for yourself.
8. YouTube Videos
YouTube is a social media platform that pays you for your content. You can create tons of content (educational, instructional, comics, etc.) to get paid for.
YouTubers are making money by uploading videos watched by thousands of people globally. You can earn money from your video content via affiliate marketing, Google AdSense, and other strategies.
Have you heard about Speed? A young YouTuber who is a fan of football star Cristiano Ronaldo. Asides from making money for himself, he has become famous too.
9. Social Media Marketing
Millions of Nigerians can be found on social media platforms such as Facebook, Twitter, Instagram, etc. This community of people outside the real world can be targeted by businesses to connect with customers and increase sales-this is where social media marketing comes to play.
Many businesses are employing social media marketers to convert businesses and people. With an understanding of the algorithms of social media platforms, you can reach a target audience for employers and get paid in return.
This is one of the lucrative ways of making money online, which can be done without you showing up in an office space.
Internet marketing is one of the ways of getting customers and making sales today. This requires the services of someone who has a skill in writing the text for advertising or other forms of marketing. There is enough to make as a copywriter if one can hone the skills very well.
Businesses and multinational companies now hire copywriters and pay them a considerable amount. This has been one of the most sought-after skills today and has been used by Nigerians to make ends meet.
Frequently Asked Questions (FAQs)
How Can A Nigerian Student Make Money Online?
Making money online is not tailored to a particular category. So irrespective of what you are, you can make money online. As a student, you can start making passive and active income streams if you look into a niche that interests you. Then you can start making money from there.
For instance, a Nigerian student can learn digital skills in graphic designing, copywriting, and content creation. You can start freelancing with these skills while studying, making good money.
How Can I Make Fast Money Online?
It takes time and consistency to make money online. Therefore, you need to have a skill that will avail you to start earning online. You can reap a long-term fortune when you put this system of diligence, patience, and consistency to work.
However, you can make fast money online by trading digital assets like cryptocurrency and gift cards. These are assets of real-time value, enabling you to earn money when you buy and sell them.
For instance, you can buy and hold Bitcoin in your wallet to sell at a better price later. This is what people do to make a huge profit margin from crypto trading.
Also, you may have a gift card given to you by a loved one, and you are unsure what to do with it, especially if it is an international gift card. You can sell your gift card in Nigeria at the best gift card rate when you sell on a platform like Prestmit.
This is because we are one of the best gift card trading platforms in Nigeria, so trading with us is the best idea.
There are several ways to make money online in Nigeria. These have proved that the internet can be used for something valuable rather than fraud/scams.
Those with one or two digital skills or who can create valuable digital products can make as much as they want online.