ONLINE BUSINESSES YOU CAN DO IN NIGERIA

ONLINE BUSINESSES YOU CAN DO IN NIGERIA

ONLINE BUSINESSES YOU CAN DO IN NIGERIA

With the current economic situation, one needs to have a business or private activity to make a living. In Nigeria, many people crave white-collar jobs due to the level of prestige it seems to bring. White-collar jobs are not bad, neither are they out of place, but the sad reality is that it is difficult to have a well-paying white-collar job. For this reason, the concept of multiple sources of income comes in. As such, one is expected to have many income sources that contribute to his or her monthly finances.

Multiple sources of income also prevent the over-dependence on a particular source of income and reduce the risk and frustration of losing a particular job. Another importance of having one or more things to do is the fact that it prevents one from being idle.

Interestingly, the 21st century has changed and transformed the modus operandi of many things through the World Wide Web development. With the internet, the world has been reduced to a global village. Consequently, little or nothing can be done without the internet. This is evident in almost all sectors of human life.

 The era of the global pandemic proved that almost everything could be done over the internet. In essence, everybody was expected to “work from home”. Another interpretation of working from home is to carry out remote jobs.

Although the pandemic may or may not be eliminated, while many persons have adapted to the change,  others look forward to getting remote jobs. As such, this article is written to bring to the fore the businesses, skills, and ways to generate income remotely.

 

Ways of Generating  Income

  1. Affiliate Marketing

Affiliate marketing is one of the most popular and fastest growing online businesses one can do. It could be defined as a strategy which allows one to earn commissions during the promotion of a product or service.

Affiliate marketing could serve as an additional or passive source of income. Furthermore, it is a system where you begin with little earnings that will eventually grow. Depending on the product or service of the affiliating company, one could either be a fully involved, uninvolved, or related affiliate marketer.

Some of the affiliate marketing companies one could start with are Amazon, Longrich, Trevo, etc. Infact, any company one deems fit is okay but the company must have a legitimate product or service that is in high demand.

To start a fully involved affiliation (for example Longrich), you must determine the entry-level affordable for you, and purchase your starter pack. You will be paid the agreed commissions.

In the case of the uninvolved (example Amazon), you only need to embed Amazon links and ads on your blog or website. You receive commissions when your traffic utilizes this link to purchase products on the Amazon website. However, one may venture into the form of affiliate marketing he or she is comfortable with.

  1. Social Media Marketing/Influencing

Presently, there exist several social media platforms. This increases the marketing opportunities on the social media space. The model of this business is simple. Consider a small and medium-scale entrepreneur  (for example, barber or makeup artist). Any of these entrepreneurs may need someone to showcase their business. In an event where you have a great number of followers or large audience on social media, you could be paid a certain fee to showcase these products and encourage their usage.

 

READ ALSO: FMCG COMPANIES IN NIGERIA

ONLINE BUSINESSES YOU CAN DO IN NIGERIA

  1. Content Creation

Many persons have different talents. In content creation, people showcase their talent on social media, and get paid for doing the things they enjoy.

How does this work? Consider a stand-up comedian looking for where to showcase his talent. He then utilizes his tik-tok, Facebook, and YouTube accounts for creating funny skits. As time goes on,  depending on the quality of his content, his traffic increases. It may interest you to know that this media platform will pay the content creator a certain amount when his views, likes,  comments, and shares are rich.

In the long run,  the media body (particularly YouTube ) may run ads on your videos. Content creation is not just restricted to comedy, but it covers a wide range of ideas and content. Another way of making money is through carrying out background activities that make the contents worthwhile; such as the videography,  video editing,  costume etc

Content writing and scripting also falls into this category. One could freelance or work for a certain freelancer. Apart from the actual writing, there are other activities one could engage in to make money. They include proofreading, editing, typing, and so on.

  1. Sell of Airtime and Vouchers

This is a very simple and straightforward online business one could do. It involves the  purchase, (in bulk) of vouchers directly from telecommunication companies or companies that buy directly from these telecommunication companies. Once you buy from them, you could sell the data at a relatively lower price. Airtime and scratch card business is one of the businesses that does not require so much capital.

Due to the number of vendors carrying out this business,  one must be committed to being online and fast and reliable to maintain customers.

  1. Learning Tech Skills

This is the most effective business one can ever do online. “Tech”, as it’s fondly called, is  way of the future. It won’t be out of place to learn some of these skills. The skills are learnt through the help of online academies like LinkedIn, Udemy, and Coursera.

These skills include web development, web and graphic design, cybersecurity, micro processing,  applications of programming languages like Python, data analytics,  software development,  and many more. Once you’ve acquired the skills,  consistent practise will lead to improvement of your prowess and dexterity. From this stage, you could apply for internships/portfolios to build your resume for the well-paid jobs.

 

Conclusion

In all these online sources of income, one must be aware of the activities of fraudsters and scammers and therefore try to shatter their expectations. For this reason, I strongly encourage people to commit time to acquiring as many digital skills as possible; this keeps them busy and prevents them from venturing into Ponzi schemes, where they may eventually get scammed.

 

Hope you enjoy this article?

Share your thoughts in the comment session.

Contact us today for your business consultancy and business advisory services. We can help you fine-tune your idea, structure your business, market your business, train your staff, consult on your retirement plan, coach you for financial success. We also write a business plan and help with fundraising strategies and Grant applications. We can help you start, grow, and expand your business.

We help institutions and organizations write concepts, implement Business plans, and train on business Plan writing in Nigeria.

We can help you write a detailed, bankable and comprehensive business plan for your business idea.

Call any of our business plan consultants on 08105636015, 08076359735, and 08113205312.

Or send a WhatsApp message or email us either at dayohub@gmail.com or info@dayoadetiloye.com.

 

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