When it comes to making money online and getting paid successfully, most people always find it difficult to believe the possibilities as the commonly known means of making money online in Nigeria which is referral programs always turn out to be scam most times. It maybe fruitful at the beginning but at the end it’ll turn out to be a total scam. I know most people can relate to this but if you can’t, clearly you must have heard program likes of MMM, Racksterli, Forsage and many more which does not ended well.
But what most people do not understand is making money online is just way more than referral programs. Today I will be listing and explaining 10 best ways to make money online and get paid in Nigeria successfully.
How to Make Money Online
- Affiliate Marketing
- Create & Sell Digital Products
- Cryptocurrency Trading
- Gift Card Swapping
- Social Media Marketing
- YouTube Monetization
1. Affiliate Marketing
In Nigeria, affiliate marketing has been popular for a while. However, many Nigerians are still unaware of it or uncertain of how to handle it.
Lots of people think Affiliate marketing it’s a process of earning commissions by promoting other people’s or company’s products. While affiliate marketing can seem easy — just find a product you love, promote it, and earn a piece of profit off each sale you make — there are actually a few moving parts you need to a monitor which I segmenting in my articles about: How To Start Affiliate Marketing In 2023 and Everything You Need To Know About Affiliate Marketing,
There are many affiliate marketing accessible and available for Nigeria, some of them are Expertnaire Affiliate Marketing, the Amazon Affiliate Marketing and the Jumia Affiliate Program.
Blogging refers to writing, photography, and other media that’s self-published online. Blogging started as an opportunity for individuals to write diary-style entries, but it has since been incorporated into websites for many businesses.
One of the most best ways to earn money online in Nigeria is blogging. It is adaptable, cheap, and absolutely legal. Your primary role as a blogger is to write articles and news that you then post on your website for others to read. From there, you can make money from the users and companies who advertise on your website/blog.
Lets admit to the fact that in the current economic context, few businesses or jobs can earn so much money. And that’s just one advantage of conducting business online in Nigeria.
3. Create & Sell Digital Products
Another tremendous approach to make money online is by producing digital goods like E-books, movies, and audio files. Of course, the three can be combined.
A course that teaches you how to edit videos, for instance, could be created if you are a skilled video editor. Then, while earning money, you can promote this course to people.
4. Cryptocurrency Trading
Cryptocurrency trading involves speculating on price movements via a CFD trading account, or buying and selling the underlying coins via an exchange.
Every day, millions of people are makes money online with cryptocurrencies in Nigeria. While you hear about people who trade crypto to create life-changing profits and increase their standard of living, having a great insight of how to also profit from cryptocurrencies remains the core challenge.
One of the most well-known ways to use cryptocurrencies to build riches is crypto trading. And it is possible to buy and sell futures or spot commodities.
Cryptocurrency trading entails buying and selling a crypto coin that fluctuates sharply throughout by purchasing when the charge is declining and selling out when the charge is increasing.
When buying and selling bitcoin, the trader should buy when the price is falling and sell when the price is has increased. Here, the trader is heavily speculating on both directions of the market, and if it takes the other turn, they could lose their investment. Once you trade with the best website to sell bitcoin in Nigeria, selling your BTC at best rates will never be a problem for you.
Dropshipping is an order fulfillment method where a business doesn’t keep the products it sells in stock. Instead, the seller purchases inventory as needed from a third party—usually a wholesaler or manufacturer—to fulfill orders. To some extent, It is comparable to e-commerce. The major distinction is the absence of product inventories in dropshipping. No need to have the product at hand.
Search for clients who have already partnered with drop shippers for their items. Additionally, when consumers order a certain item, they pay for it as if they were the product’s original seller.
From there, you can use the money to purchase the item from the original vendor and provide the vendor with your delivery information making you more or less like the intermediary between the sales.
Let’s use an easier-to-understand scenario and pretend I own an internet retail store. You offer goods to customers as a drop shipper, and when they make a purchase, you email me the shipping information.
Electronic commerce (ecommerce) refers to companies and individuals that buy and sell goods and services over the Internet. It is nothing more than setting up an internet store to sell goods. Every day, e-commerce is becoming simpler, and having your own website is not even necessary for success. Many people conduct e-commerce transactions with third companies like Amazon, Jumia, Jiji, and Konga.
Additionally, you can leverage Facebook and Instagram for your online store. Also, the WhatsApp Business App. Good copywriting and marketing skills are necessary for a successful e-commerce business though.
A freelancer is an independent contractor who earns wages on a per-job or per-task basis, typically for short-term work. Its one of the simple option for Nigerians to make money online. You can work as a freelancer and offer digital services online depends on your digital skills which could be article writing, web programming, logo designing and many more to clients all around the world.
Fantastic digital abilities are necessary for a successful freelance business. Freelancing sites like Upwork, Fiverr, and LinkedIn can use your digital abilities if you need to hone the trade.
8. Gift Card Swapping
Online gift card swappers can be found on a ton of cool websites, and they cash out gift cards for cool money. Of course, you’ll have to get a gift card at cheaper rates and sell the gift card to Naira for more, and you’ll even earn some rewards. Our platform PaytoNaira can serve you well this purpose.
However, we can improve. With PaytoNaira, you can make a trade easily with no registration required. Gift cards can be bought and sold to make profit.
Gift card reselling is a significant industry. Typically, this entails purchasing gift cards from customers who wish to exchange them for cash at steep discounts and reselling them to shoppers looking for deals at a profit greater than the original purchase price.
In other words, you can purchase a $100 gift card for $50 from a person in need of immediate funds and then resell it for $70 with a $20 profit to another person.
You’ve definitely seen social media ads and postings from users offering to purchase or sell gift cards for various stores, including Amazon, iTunes, Steam, Google Play, and more. They most likely operate under this business strategy.
This business strategy requires a network that enables you to buy gift cards at substantial savings. Platforms like PaytoNaira can be useful in this situation.
9. Social Media Marketing
Social media marketing is the use of social media platforms and websites to promote a product or service. The goal of social media marketing is to assist companies, people, and organisations in finding their target market on social media. The majority of Nigerians now spend most of their time on social networking sites like Facebook, Twitter, Instagram, and others. This has created new chances for businesses to connect with customers and increase sales even more online.
Understanding the algorithms of your desired social media platform and how they may be applied to convert businesses and people can help you become a successful social media marketer.
Social media marketing is also one of the finest ways to earn money online in Nigeria as more businesses turn to the internet.
10. YouTube Monetization
YouTube monetization is defined as your ability to derive income from your YouTube videos. You can make money by uploading videos you’ve created with your camera or phone to YouTube. YouTube is an online video-sharing service. You can become wealthy and famous, all thanks to YouTube for making this possible.
You can animate anything, and you can discuss anything. Simply post it to YouTube and distribute it via social media. Improve your brand. When your films receive more views, you can earn money from them via affiliate marketing, Google AdSense, and other strategies.
You’ve probably heard of Korty and how she became a YouTube star. This is YouTube’s power.
Making money online in Nigeria is more adorable and practical than a regular office job. But there are difficulties in everything to be accomplished. These are all realistic ways to make money online. So, get going and chase those bags. Personally, my favorite is Cryptocurrency Trading and Gift Card Swapping. Once your Crytpo has increased in value, simply sell it at the highest bitcoin rates in Nigeria with InstaFund. It’s that simple!