A lot of people in Nigeria are making millions from owning online businesses, but many people don’t know that they can get rich doing stuff online.
We have a lot of witnesses of people who have become rich just by starting one online business or the other.
While many there are some people who know that they can make money online, they only believe a few ways exist to create an income stream on the Internet.
The good news is that this is far from being the truth.
There are many different ways to earn money on the Internet today and many different types of online businesses to leverage for this purpose.
In this post, we have put together a list of the most lucrative online business ideas anyone can start in Nigeria.
Interestingly, these online business ideas require only very little capital investment.
Top Online Businesses That Could Make You Rich in Nigeria
1. Become a Professional Blogger
This is probably the most popular type of online business idea in Nigeria.
Well, it is expected because it works.
Launching your own blog doesn’t require a great deal of technical or computer skills.
Also, there are literally thousands of blogging niches out there of which not all of them saturated, which is great news.
You can start with whatever you like the most and enjoy writing about.
Just make sure that you check the competition in that niche before starting out.
If you’re passionate about writing and creating super-rich contents on the internet for people to read, then this is for you.
As long as your content is capable of grabbing the attention of your audience and keeping them coming back for more, then you are only a few steps away from earning money doing what you love.
Having a blog that has an extensive number of followers will allow you to gain profit by attracting advertisers that are willing to pay you some money just to place adverts on certain pages of your blog.
Other ways to monetize your blog include:
- selling your own digital or physical products
- selling partner products
- affiliate links
- Using ad networks like Google Adsense, and other means
2. Start Vlogging on YouTube
The rate of video consumption around the world is fast growing above every other content format.
As a result of this, a lot of people are jumping on this opportunity to make money on the internet.
You can never image how much you can make as a vlogger on Youtube.
Top YouTubers like Felix Arvid Ulf Kjellberg the owner of the most-subscribed YouTube channel called PewDiePie is currently worth $30 million creating and publishing video contents on YouTube.
As a YouTuber, you make money when you reach the threshold that allows ads to show in your YouTube videos.
You need to have at least 1000 subscribers and 4000 watch hours before Google starts displaying native ads in your videos.
These criteria are easy to meet if you focus on consistently making high-quality videos with rich content for your audience.
The best part of being a vlogger is that you don’t even need to go out and buy expensive new gadgets.
As long as you have a smartphone with a quality camera lens, you can start filming your first video right now!
3. Join Online Affiliate Marketing Programs
Simply put, affiliate marketing is a type of online business that allows you to promote a product or website for which you get a commission when a sale is made.
As an affiliate marketer, you can earn between 5 – 30% promoting products and services online.
Sometimes, the commission can get as high as 70% depending on the product.
One big benefit of becoming an affiliate marketer is the fact that the products and services that you promote are necessarily yours.
So, you don’t have to keep an inventory of anything.
All you need to do is to promote the product or service, make a sale and earn a commission.
4. Create and Sell Your Own Digital Products
I know it is very true that you can make a huge profit as an affiliate marketer selling other people’s products.
Now, imagine how much you could make selling your own digital product.
This is one of the best online business ideas you can ever think of in Nigeria.
If you’re already an expert in any topic, you can package that knowledge into a high-value video course or e-book and sell it.
There are many people online who are seeking the knowledge that you’ve and are ready to pay you to get it.
You only need to compile this product once, and it will continuously make money passively several years after publishing it.
As long as the content of the course or ebook is topnotch, with a bit of regular upkeep and marketing you’ll continue to sell and make money from them.
If you don’t already have an audience, it might be better to self-publish on websites such as Udemy and Amazon first.
That way, you can validate your idea and grow your fan base.
5. Start Dropshipping Business
In this present world where eCommerce is now the in thing, you no longer need to own a brick and mortar store to start selling commodities.
Starting a dropshipping business in Nigeria is one way to make money from the internet.
The dropshipping model describes the sales of goods that do not require the retailer to keep stock of inventories.
Instead, when the store gets an order, it purchases the item from a third party and then ships it directly to the customer.
Dropshipping in Nigeria is a risk-free endeavour that requires no additional costs for holding inventory and shipping products.
This gives you more time to focus on growing your business through marketing, business development, and relationship building.
6. Own a Podcasting Channel
Just like video content, audio content in the form of podcasts is fast gaining a lot of recognition.
Many people want to get the information that they need on the move without having to sit with their phone or laptop to watch the video.
This is where podcasting comes to the rescue.
Podcasting is one of those online businesses you can start today because space is not yet saturated in Nigeria.
There are many different ways you can make money from your podcasting channel.
As a podcaster, you can make money from;
- Affiliate marketing
- Sales of books and audiobooks
- Hosting virtual summits
- Increasing the sales of your products and services among other things
Before you start working on your first podcast, you need to check out these best podcasting hosting platforms.
This will enable you to know where to upload your podcast after producing it.
7. Become a Professional Website Designer
A lot of businesses are going online today but in Nigeria, only a handful of businesses understand the need for owning a website.
You can change that narrative and make so much money from designer websites for small businesses.
There are a lot of content management systems (CMS) which you can use to design websites such as WordPress and Drupal.
You can even create a website on Wix by simply dragging and dropping the elements you want.
As a result, you don’t necessarily need to have any coding skills to become a web designer.
However, having a little knowledge of coding will help you introduce additional functionalities to the website if the need be.
8. Work Remotely as a Social Media Manager
Social media is one of the biggest things that happens to businesses all of the world.
Working remotely as a social media manager is a good business idea for anyone who wishes to make an extra income online.
You don’t have to be a full-time employee of a company, as a result, you can be managing the social media activities of many companies.
Although, the number of companies you can manage at the same time will largely depend on your own abilities.
As a social media manager, all that you need to do is to create content specifically for social media.
Depending on the type of business and your agreement with the business owner, you may also manage and respond to comments and messages.
This online business idea is very lucrative and easy to do.
With your smartphone and access to the internet, you can do this job and make cool cash in the process.
Working remotely as a social media manager will cause you to start making money every month for the services you render.
9. Become an SEO Manager for Businesses
I cannot overemphasize the importance of SEO to businesses today.
SEO is an acronym that stands for search engine optimization, which is the process of optimizing your website to get organic, or unpaid, traffic from the search engine results page.
With a good knowledge of SEO, you can make any website appear on search engine results pages for keywords that are relevant to the business.
When this happens, the website will continue to gain free traffic from searches people make.
As a result, the business will continue to have free customers coming to their front doors.
There are 3 major components of every successful search engine optimization (SEO). They are;
- On-site Optimization.
- Ongoing Quality Content.
- Off-site Authority Building
If you can figure out these 3 components, you can go ahead and collect money from businesses to making them rank on search engines.
10. Create Video Ads for Businesses
The average human attention span is getting shorter as social media dominates the world with visual experiences.
Short-form videos give you more freedom to produce hard-hitting, relatable videos that get to the point, without the overhead of creating more in-depth content.
Video ads are effective because they incorporate audio and visual elements that appeal to multiple senses.
Also, they perform as well as educational tools.
This means that they’re especially effective when used for product demonstrations or in as How-To guides, as viewers can actually see how certain things work or learn a new skill.
As a video ad creator, you can charge businesses to create short social media-friendly videos for promotion of a product or service.
There are a lot of free mobile apps which you can use to start creating such ads for people and then collect payments.
If you have a laptop, you can make even better video ads and visualizers.
This online business is fast growing in Nigeria.
You need to hop on immediately and start cashing out.
11. Start Writing Resume for Job Applicants
Imagine being able to write resumes for people to land an executive job and charge as much as $200 and $300 per resume.
In a year, it’s possible to earn around $58,000 just for writing resumes.
In addition to writing resumes, you can also offer ancillary services like writing cover letters, proofreading, and job research.
There is money in this business, and someone has to take advantage of it immediately.
So, if you are good at writing excellent resumes that will help people land a new job, then you can create a profile on freelancing sites like Fiverr or Upwork and start making money.
Another way to put yourself out there as an expert in this is to tell your friends who will tell other friends.
Referral marketing does wonder when it comes to getting customers for your CV and resume writing business.
12. Snap and Publish Stock Photos
Stock photography is now a big online business in Nigeria.
To better connect with the local audience in Nigeria and Africa at large, many companies prefer to use local photos.
Such photos that show the black culture, people, places, food, professions etc.
These kinds of photos are difficult to find on major stock photos websites like Shutterstock, GettyImages and Alarmy.
As a result, this gives you an opportunity to easily dominate the market with your high-quality local photos.
13. Work as a Virtual Assistant
Trust me, there are a lot of people who are really busy with their business.
As a result, they may need an extra hand with their administrative work.
This gives you an opportunity to work with such people as a virtual assistant.
A virtual assistant is an independent contractor who provides administrative services to clients while operating outside of the client’s office.
You can make a virtual assistant do almost anything.
From digital marketing tasks, scheduling appointments and managing events to personal errands.
Typically, a virtual assistant operates from a home office but can access the necessary planning documents, such as shared calendars, remotely.
The salary you can get as a virtual assistant can be very attractive and you will still have enough time to do other stuff.
14. Start Domain Reselling Business
Have tried buying a domain name only to discover that the domain is available for say at a much higher price than normal.
Know that such a domain is put up there by a domain reseller.
A domain reseller is a third-party company that offers domain name registration services through a registrar.
They usually buy domain names at cheap pricing and then sell it at higher pricing to earn a profit.
You too can join in this online business and start reselling domains in Nigeria.
15. Graphics Designer
If you have a talent in creating amazing designs, then this is for you.
You can make money as a graphics designer creating amazing designs with tools like Corel draw and Photoshop.
You can turn your talent into a money-spinning machine for yourself.
Graphic designers often work on a freelance basis, creating materials for corporate clients, advertising agencies, public relations firms and publishers.
But, they do more than merely sketch designs.
They often provide visual solutions to specific problems like company identity crises or image changes.
As a graphics designer, you can choose to charge your clients per job done or group your jobs into packages.
Even though there are a lot of graphics designers in this niche, you can still make so much money.
It all depends on how good you are and also your ability to negotiate the payment you collect.
It is important for you to have a portfolio of your past jobs on social media or Behance.
Doing this will make it easy for people to choose you to work for them after seeing your works.
There are many other online businesses you can start right here in Nigeria.
You can even make as much money as the big guys in the industry.
The only advice I will leave with you is for you to be consistent.
Online businesses require consistency.
However, the freedom this model of business gives to people makes it easy for them to become lazy.
You must be diligent and consistent with your work to be able to make money from online businesses in Nigeria.
As long as you have your consistency in check and you apply the correct strategies, you will succeed.
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