The best ways to make money online in Nigeria (2020)


There are many opportunities to make money online in Nigeria legitimately. The internet has made a lot of things easy. It has made it easy for businesses to operate, For people to keep in touch and it has also made it easy to make income.  On this page, we will cover how to make money online in Nigeria. All the methods listed here are legitimate. You can bookmark this page as it will be updated regularly.

 

Who can make money online in Nigeria

Anyone that is connected to the internet can earn money online. On the internet, it is all about what you have to offer. What you can do. Most people do not care about where you come from, your religion, your educational qualification or anything, all they care about is what you have to offer.

Also, if you have skills such as writing, graphic design, typing fast, coding, SEO, teaching and much more, you can leverage on it and make a living from the internet.

As long as you can read and write, you can make income online. But if you posses tech skills, you can build a big career also. Linked released the most demanded skills online, most of them are tech skills, the good thing is that you can learn most of these skills online for free!

Well, no matter who you are, you are covered in this article.

 

Advantages of working online

There are many reasons why you should consider working online.

  1. You can work online as an extra source of revenue. Why you go about your main job, you can spare few hours a week and make extra income online.
  2. Not capital intensive. Working online is not capital intensive. All you mostly need will be your computer.
  3. No need for extra expenditure. When working online, you do not need to pay transport to work, buy office wears, buy expensive lunch at work and so on.
  4. Flexibility. Working online gives you flexibility. You are in control of your time.

 

The best ways to make money online in Nigeria

Here are the best ways to make money online in Nigeria:

 

1. Blogging

Blogging is a very popular and reliable way to make money online in Nigeria. You can make a good income as a blogger. This is a very reliable online business in Nigeria currently.

What is blogging? Blogging is all about running an information website. A website that posts information regularly. It could be news, business, politics, insurance, sports, animals, any information at all. So you if you create a website today and write about movies, that is a blog. And you can make money from it.

You might have heard of Linda Ikeji, Sahara reporters, Bella Naija, Premium Times, they are all blogs and they are making big money. You too can be like them if you start today.

Creating a blog is very easy. All you have to do is pick a niche you want to blog about, set up your blog and start writing. You can find a step by step guide in this article: How to start a blog

Once your blog starts growing, you will have the opportunity to start earning from it via Goodle AdSense, affiliate marketing, Sponsored posts, direct ads, selling your own products/services and many more.

 

2. Trade Bitcoin and other cryptocurrencies

For the past few years, Bitcoin has been the hottest way to earn income on the internet. Up till this moment, it is still one of the best way to make money.

All you have to do is buy and sell. You can buy, hold it for a while, then sale when the price appreciates. Bitcoin is still growing. It is now so popular that you can use it to shop at the most popular stores world wide. It has become very powerful!

You can use a platform like Quidax to buy and sell bitcoin. Quidax helps make trading of  bitcoin and other cryptocurrencies easy for Nigerians and Africans. You can use naira to buy and sell bitcoin without having to worry about getting dollars and calculating exchange rates

The platform is very easy to use. You can sign and try it today. Click here to sign up and try Quidax

 

3. Freelancing

Freelancing is a dependable way to earn income online in Nigeria. With freelancing you can make money online free without spending anything. All you need is your skill. You can be in Nigeria and work for companies abroad remotely.

Freelancing is all about working for people remotely at a convenient time. As long as you have skills, it could be writing, researching, graphics, editing, coding or any interesting skills, you can work for others online and get paid. You can build a lucrative career with it. All you have to do is find people who are looking for people with your skills, negotiate and get to work.

Finding clients is very easy. There are platforms that you can meet people who are looking for people to help with different jobs. All you have to do is register with as many of these platforms as possible, apply for jobs. Some platforms allow you to create a business profile so that others can find you when they need you.

It is important to do your best and have a good reputation. Because the better reviews you have from your clients, the more you grow, and the higher you earn.

Platforms that you can register and get freelancing jobs include: UpworkFiverrFreelancer, Guru and more.

It is a very big industry. For example, freelancers on Upwork make over $1 billion every year combined

 

4. Affiliate marketing

Affiliate marketing is all about referring to products or services then get a commission for it. It is as easy as that. Let’s assume you have a blog or social media page be it Facebook, Twitter, Instagram that you write about phones. People come to your page to read about phones and see pictures of the latest phones.

That means these people that come to your page trust your judgement and to a certain level, you can influence their choice with what you put out on your profile. Now, if you have a deal with some phone distributors and agree with them, for everyone I refer to buy from you, I get 10% commission. These manufacturers now give you links to some of the product that you think are very reliable. You share these links with your followers. The purpose of the link is to track how many people from your pages clicks to buy.

Now if about 1000 of your followers click on your link and buy the phone. And the phone is worth N50,000. That means your commission is N5000 per phone. Which will be 1000 X 5000 = N5 million. That means you have made 5 million naira.

That is how affiliate marketing works. The phone is just an example. You can do same for clothes, shoes, digital products and many more. If you have good follower-ship on social media where you focus much on products or services, you can make good income doing affiliate marketing.

You can also build a blog or social media pages targeted at a particular niche and run affiliate. But ensure that your reviews are genuine and you only recommend products or services that you can vouch for.

To make it easier, there are affiliate networks where you can register with them as affiliate and you find many products or services to promote. Example of popular affiliate networks include: Jumia Affiliate, Konga Affiliate, Commission JunctionImpact Radius and Linkshare.

 

 

5. Trade Forex and binary options

You can trade Forex or binary options and make money. This is a way to make money online fast. But caution, it can also be risky. Forex is all about Foreign exchange. So you are trading currencies. Buy them and when the value goes up, you make money. For example, you can buy dollars now, if it goes up in value by next week, you reap good profit.

Binary options is all about predicting. You have a choice to choose if a particular commodity, be it currency, stock, cryptocurrency or other will go up or down. If your prediction are right, you can make big money. If it is wrong, you can lose all your money. It is that simple.

IQ Options is the leading Forex and binary trading platform online. You can Click here to sign up 

 

6. Online Surveys

You can earn extra income online in Nigeria as a student or a worker completing online surveys. This method of making money online is very simple. Online survey is all about sharing your opinion on a particular product, services or ideas. Generally, you get paid to give your opinion.

That might sound very crazy. Why will anyone  want to pay you to give your opinion? Well, big companies like Coca-cola, Pepsi, Apple, Samsung and more are always interested in what the people want. That helps them create new product that will sell. So to know what the people will want, they create a survey and ask people to give their opinion. From these opinion they have a data to work on.

To earn income from online survey, all you have to do is register with a reliable online survey platform. Make sure that you provide accurate information when signing up. Then check back every day to complete surveys. The more surveys you complete, the more reputation you earn.

The most reliable survey platform for Nigerians and other Africans is ySense. They pay up to $2 per survey. It may sometimes be higher or far below that. But as you build your reputation, you get more surveys and better pay per surveys.

You can click here to sign up with ySense

 

7. Video blogging on YouTube

This is a very good way to make a living online. People spend so many hours watching videos online. You can create an account on YouTube and become a video blogger.

All you have to do is pick a topic that you will focus on. It could be Technology, Fashion, Games, Politics, Football, Music, Comedy and many more. Build your audience.

As you grow, you will have people contact you for adverts. You can collaborate with brands. Sell your own products, sell affiliates or serve third party ads.

 

8. Social Media Marketing

This is a very lucrative online career. This involves helping businesses market their products or services on social media. You might have to study on this. There are good videos on YouTube that you can watch for free.

Once you are able to grasp how your favourite social media works. Then you can work as a social media marketer. Helping businesses find customers or sell products online for a fee. You can also market your own products.

These days, everything is all about the social media, why not capitalise on it and make money doing so!

 

9. Create an online shop

If you want to make big money online then this is for you. Ecommerce business is very lucrative if you become successful at it. There are platforms that allow you create online shop. Shops like Jumia, Konga and others. You can create a shop like that, sell your own products and make money.

If you do not have products or the money to get products, you can look for popular distributors, copy their products into your online store. Whenever a customer orders, it is forwarded to the distributors, they supply the product to customer and you get paid

You can create a free online shop using WordPress with WooCommerce. But if you want more help and support, you can click here to sign up with Shopify.

 

10. Teach online

You can make money teaching online via online course. If you have a very sufficient knowledge in any field that you feel you can impact on others, why not create a course? Create a good course online, students will sign up to learn and you make money with your knowledge. Instead of keeping the knowledge to yourself, share it and make money from it.

Online tutors make an average of over $10,000 per course and you can be one of them. There are many platforms that you can sign up to create your own course. One of them is Teachable. You can click here to sign up with Teachable

 

If you are looking for how to make money online in Nigeria, I hope this article has been of help. You can bookmark and check back for updates.


Mfon is an internet expert and speaker. He enjoys writing and helping people find solutions to live a better live. You can reach him via on Twitter @mfonabel

6 thoughts on “The best ways to make money online in Nigeria (2020)”

  1. Nice article, forex is also any other great way to make money online. You can also make money online by writing for opera new

    Reply
  2. I’ll have to say it is a nice blog!!!
    If you have #3500 and wish to earn by reading news, watching videos etc….. chat me up so I refer you to what I do in order to make 15000 in a week and end up withdrawing 50000 in a month!!!

    Reply
  3. ok but are other more survey like the one you mentioned above..cuz some blog keep mentioning survey with PayPal payment when we are Nigerians ..so just like ysense ..do u have others.. thanks for the nice blog

    Reply

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