Make Money

10+ Easy Ways to Make Money Online in Nigeria

Ekokotu Emmanuel Eguono
March 10, 2024

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Making money online in Nigeria is easier than you think. Even 18-year-olds are earning over $2000 a month. Whether you’re a student, a new grad, or just need a side hustle to make some extra cash, you can do it from home.

Thanks to the booming gig economy, there are more ways to make money online in Nigeria than ever before.

And the best part is that these online money-making ideas are tried and tested, so you’re getting the real deals that work in Nigeria today.

Plus, new AI tools like ChatGPT are making everything easier.

So, I’m going to tell you exactly how to make money online in Nigeria.

We’ll cover the best, easiest ways to do it, and I’ll give you the tips to actually make it work.

Note: While making money online is easy, you still need a bit of hard work, consistency, and smart thinking to get there. It’s not an overnight thing.

How to Make Money Online in Nigeria

Nigerian freelancers offer digital services on illuminated screens in a lively online marketplace, symbolizing earning potential.

Making money online in Nigeria is super hot right now! Thanks to the internet being everywhere, there are tons of ways to earn cash online.

The key is having the right skills and knowing some good strategies. There are even ways to make money online for free. This means you can gain financial freedom without ever leaving your house.

We’ll show you the most popular ways to make money in Nigeria online and how to make them work for you.

1. Exploring Freelance Opportunities

If you have a particular skill or expertise, freelancing can be a great way to make money online in Nigeria. Freelance opportunities allow you to work on projects remotely and provide services to clients around the world. Some popular freelance options include:

Here are some key points to consider when exploring freelance opportunities:

Identify your niche and focus on a specific skill or service that you excel at.
Create a professional portfolio to showcase your work and attract potential clients.
Join freelance platforms like Upwork, Freelancer, or Fiverr to find freelance gigs and connect with clients.
Develop your skills and stay updated with industry trends to stay competitive in the freelance market.
Provide high-quality work and excellent customer service to build a strong reputation and secure repeat clients.

Freelancing offers flexibility, the opportunity to work on your own terms, and the potential to earn a significant income. We created a free course on Freelancing and Digital Jobs to help kickstart your journey.

Further Reading:

How to Start Freelancing in Nigeria: By Real Freelancers

17 Best Digital Skills to Learn in Nigeria That Still Pay

7 Freelancing Sites in Nigeria That Still Work in 2023

2. Engaging in Affiliate Marketing Programs

Affiliate marketing is another popular and profitable way to make money online in Nigeria. It involves promoting products or services of other businesses and earning a commission for each sale or lead generated through your referral.

Here are the key steps to get started with affiliate marketing:

Identify a niche or industry that you are passionate about and have knowledge in.
Research and join verified affiliate programs that offer products or services related to your niche.
Create high-quality content, such as blog posts, videos, or social media posts, that promotes the affiliate products.
Drive traffic to your content through various marketing channels, such as SEO, social media advertising, or email marketing.
Track your affiliate links and monitor your conversions and earnings.
Build a loyal audience and nurture relationships with your followers to increase trust and credibility.
Continuously optimize your marketing strategies and explore new affiliate programs to maximize your earning potential.

Further Reading:

How to Start Affiliate Marketing in Nigeria in 8 Easy Steps

Start Affiliate Marketing in Nigeria Without a Website in 6 Steps

32 + 7 Affiliate Programs That Pay Daily In Nigeria

How does Jumia affiliate program work + how to make money

Social media influencing has become a popular and lucrative way to make money online in Nigeria. You know how those funny comedy skit on YouTube all advertise one product or service, especially 1XBet?

These social media influencers work with these brands to promote products or services and earn commissions or sponsorship fees.

Here are some key steps to becoming a successful social media influencer:

Choose a niche or topic that you are passionate about, and that has a target audience.
Create high-quality and engaging content that resonates with your audience.
Build a strong online presence on popular social media platforms, such as Instagram, YouTube, or TikTok.
Grow your followers and engage with your audience through comments, likes, and shares.
Collaborate with brands and businesses that align with your niche and values.
Negotiate partnership deals, including sponsored posts, product reviews, or brand ambassadorships.
Leverage your social media presence to promote your own products or services, such as online courses or merchandise.

Becoming a social media influencer requires consistency, creativity, and a deep understanding of your target audience.

Further Reading:

10 + 2 Ways to Make Money on WhatsApp in Nigeria

How to Make Money on TikTok in Nigeria While Having Fun

How to Make Money on Instagram in Nigeria [Practical Guide]

How to Make Money on Telegram in Nigeria – 10 + 3 Ways

4. Starting Your Own Blogging Journey

Blogging is a popular and rewarding way to make money online in Nigeria. Starting your own blog is an excellent way to share your knowledge, expertise, or interests with the world and monetize your content through various methods.

Some good examples are those websites you download free movies and music from which are filled with ads.

With free platforms like Medium, Substack, and WordPress, you can easily create and monetize your own blog without spending any money.

You can also make money from sponsorships and partner programs, especially if you have a large audience.

Here are some key steps to start your blogging journey:

Choose a niche or topic that you are passionate about and that has a target audience.
Select a blogging platform, such as WordPress or Blogger, and set up your blog.
Create high-quality and valuable content that resonates with your audience.
Optimize your blog posts for search engines (SEO) to increase visibility and attract organic traffic.
Drive traffic to your blog through social media promotion, guest blogging, or email marketing.
Monetize your blog through various methods, such as Google AdSense, sponsored posts, affiliate marketing, or selling digital products.
Continuously create and promote valuable content to grow your blog’s audience and increase your earning potential.

Starting a blog requires time, effort, and consistency. However, with the right strategies and monetization methods, you can turn your blog into a profitable online business and make money online in Nigeria.

Further Reading:

Ultimate Guide: How to Start Blogging in Nigeria and Succeed

5. Creating and Selling Digital Content

Creating and selling digital content is a lucrative way to make money online in Nigeria. Whether you are a writer, designer, photographer, or musician, you can monetize your skills and expertise by creating and selling digital products.

The great thing about digital products is that you only need to create them once to keep making money.

Here are some key steps to get started with creating and selling digital content:

Identify your skills and expertise and determine what digital products you can create, such as e-books, online courses, or graphic design templates.
Create high-quality and valuable digital products that cater to a specific audience’s needs or interests.
Set up a platform to sell your digital products, such as your own website or e-commerce platforms like Shopify, Selar.co, and Flutterwave Store.
Market your digital products through social media promotion, email marketing, or collaborations with influencers or bloggers.
Provide excellent customer support and continuously improve your digital products based on customer feedback.
Build a strong online presence and brand to establish yourself as a reputable creator and attract a loyal customer base.

Creating and selling digital content offers the opportunity to generate passive income and reach a global audience. With the right skills, creativity, and marketing strategies, you can make money online in Nigeria through digital content creation.

As businesses increasingly rely on social media to reach their target audience and promote their products or services, the demand for social media managers has skyrocketed.

If you have a knack for social media and digital marketing, you can make money online in Nigeria by managing social media accounts for businesses.

Here are some key steps to start your social media management career:

Develop your social media skills and stay updated with the latest trends and best practices in social media marketing.
Build a strong personal brand and online presence to showcase your social media expertise.
Identify businesses or clients that need social media management services and pitch your services to them.
Create a social media strategy and content calendar that aligns with the client’s goals and target audience.
Schedule and publish engaging and relevant content on various social media platforms.
Monitor and analyze social media metrics to measure the effectiveness of your strategies and make data-driven decisions.
Provide regular reports and updates to your clients on social media performance and progress.

As a social media manager, you can work with multiple clients or businesses and earn a significant income by helping them build and maintain a strong online presence.

7. Launching an E-commerce Store

Launching an e-commerce store is a popular and lucrative way to make money online in Nigeria.

With the increasing trend of online shopping, having an e-commerce store allows you to reach a wider audience and sell products or services without needing a physical location.

An important tip to keep in mind is to use a reliable delivery service that delivers products to your customers promptly and swiftly.

Here are some key steps to launch an e-commerce store:

Identify a profitable product category that you want to sell online.
Research and source reliable suppliers or manufacturers for your products.
Set up your e-commerce store using platforms like Shopify, WooCommerce, or Etsy.
Customize your store’s design, layout, and branding to create a unique and appealing online shopping experience.
Upload and showcase your products with high-quality images and detailed descriptions.
Set up secure payment gateways and shipping options for a seamless buying process.
Implement marketing strategies like social media advertising, influencer collaborations, or email marketing to drive traffic to your store.
Provide excellent customer service and consistently deliver high-quality products to build customer loyalty and generate repeat sales.

Launching an e-commerce store requires careful planning, effective marketing strategies, and a strong commitment to customer satisfaction.

We’ve written some guides to help you start a successful e-commerce business and make money online in Nigeria.

Further Reading:

100 + 8 Hot Selling Products in Nigeria

8. Offering Virtual Assistant Services

If you are organized, detail-oriented, and enjoy assisting others, offering virtual assistant services can be a viable way to make money online in Nigeria. As a virtual assistant, you can provide various administrative tasks and support to individuals, entrepreneurs, or businesses.

Here are some key steps to offer virtual assistant services:

Identify your skills and determine the specific services you can offer as a virtual assistant, such as scheduling appointments, managing emails, social media management, data entry, or customer support.
Create an online portfolio to showcase your skills and services.
Join freelance platforms or job boards that connect virtual assistants with clients, such as Upwork, Freelancer, or Remote.co.
Pitch your services to potential clients and provide examples of your previous work or testimonials from satisfied clients.
Set clear expectations and establish communication channels with your clients to ensure effective collaboration.
Deliver high-quality work on time and provide excellent customer service to build long-term relationships with your clients.
Continuously update your skills and stay updated with the latest tools and technologies related to virtual assistant services.

Offering virtual assistant services allows you to work remotely, have flexible working hours, and make money online in Nigeria by providing valuable support to busy individuals or businesses.

Further Reading:

How to Become a Virtual Assistant in Nigeria in 7 Steps

9. Participating in Online Transcription Jobs

Online transcription jobs are in high demand as businesses and content creators often require transcriptions of their audio or video content.

If you have excellent typing skills and a good ear for detail, you can make money online in Nigeria by participating in online transcription jobs.

Here are some key steps to get started with online transcription:

Develop your typing skills and accuracy to ensure efficient and error-free transcriptions.
Sign up on transcription platforms or websites that connect transcribers with clients, such as Rev, TranscribeMe, or GoTranscript.
Complete the necessary tests or assessments to showcase your transcription skills and accuracy.
Apply for available transcription jobs or projects that match your skills and interests.
Listen to audio files carefully and transcribe them accurately into written format.
Proofread and edit your transcriptions to ensure they are error-free and adhere to the client’s requirements.
Submit your transcriptions within the specified deadlines and provide any additional information or clarifications requested by the client.

Participating in online transcription jobs requires attention to detail, excellent listening skills, and the ability to work efficiently to meet deadlines.

With practice and experience, you can earn a significant income by providing high-quality transcriptions to clients.

Further Reading:

16 Online Typing Jobs That Pay Daily in Nigeria Guaranteed

10. Trading in Crypto, Forex, and Stocks

Trading in cryptocurrencies, forex, and stocks is a popular and potentially lucrative way to make money online in Nigeria. However, it requires knowledge, skills, and a deep understanding of the market trends.

Here are some key steps to get started with trading:

Educate yourself about the basics of trading, including market analysis, risk management, and technical analysis.
Open a trading account with a reputable broker or exchange that offers trading in cryptocurrencies, forex, or stocks.
Develop a trading strategy and plan that aligns with your risk tolerance and financial goals.
Practice trading with virtual or demo accounts to gain experience and test your strategies.
Start trading with real money by depositing funds into your trading account.
Monitor the market trends and make informed trading decisions based on your analysis and research.
Implement risk management strategies, such as setting stop-loss orders and taking profits at the desired levels.
Continuously update your trading knowledge and skills through research, webinars, or courses.

Trading in cryptocurrencies, forex, or stocks can be highly profitable, but it also carries risks. It is important to approach trading with caution, conduct thorough research, and never invest more than you can afford to lose.

Further Reading:

How To Make Money On Binance In Nigeria – by a Trader

11. Creating and Selling Online Courses

Creating and selling online courses is a great way to make money online in Nigeria if you have expertise in a particular field or subject. Online courses offer a flexible and accessible way for people to learn new skills or gain knowledge.

Here are some key steps to create and sell online courses on various online platforms:

Identify your area of expertise and determine the specific topic or subject for your online course.
Develop a course curriculum and outline the learning objectives, lessons, and assessments.
Create high-quality course content, such as video lectures, written materials, quizzes, or assignments.
Choose a platform to host and sell your online course, such as Selar.co, Udemy, Teachable, or Thinkific.
Market your online course through social media promotion, email marketing, or collaborations with influencers or bloggers.
Provide ongoing support to your students through discussion forums, Q&A sessions, or email support.
Continuously update and improve your online course based on student feedback and industry trends.

Creating and selling online courses allows you to share your knowledge, help others, and earn passive income by reaching a wide audience. With the right content and marketing strategies, you can make money online in Nigeria through online education.

12. Investing Through Savings and Investment Apps

Investing through savings and investment apps is a smart way to make money online in Nigeria. These apps allow you to grow your money by earning interest or returns on your savings or investments.

Here are some key steps to get started with investing through savings and investment apps:

Research and choose a reputable savings or investment app that suits your financial goals and risk tolerance.
Create an account on the app and complete any required registration or verification process.
Determine your investment strategy and choose the type of investment that aligns with your financial goals, such as savings accounts, fixed deposits, mutual funds, or stocks.
Deposit funds into your savings or investment account and monitor the performance of your investments.
Set realistic financial goals and regularly review and adjust your investment strategy as needed.
Take advantage of features offered by the savings or investment app, such as automatic savings, round-up features, or goal-based investing.
Stay updated with market trends and financial news to make informed investment decisions.
Reinvest your earnings or withdraw them based on your financial needs and long-term goals.

Investing through savings and investment apps allows you to grow your wealth and achieve financial goals by earning a passive income. With careful planning and a long-term investment mindset, you can make money online in Nigeria through smart investing.

Further Reading:

Best Apps to Save Money in Dollars in Nigeria

Best Savings Apps Like Piggyvest With High Interest

8 Best Saving Apps in Nigeria With High Interest

13. Start Dropshipping and Pre-Orders

Dropshipping and pre-orders are innovative ways to make money online in Nigeria without the need for inventory or physical store.

With dropshipping, you can sell products online without holding any stock or handling the fulfillment process. Pre-orders allow you to gauge demand for a product before it is officially released.

Further Reading:

Start Dropshipping in Nigeria: Tips and Tricks for Success

Start Mini Importation From China to Nigeria In 5 Steps

Most Profitable Items to Import From China to Nigeria

15. Open a YouTube Channel

Opening a YouTube channel is a popular and creative way to make money online in Nigeria. YouTube allows you to share your passions, talents, or expertise through videos and monetize your content through ads, sponsorships, or merchandise sales.

Here are some key steps to start your own YouTube channel:

Choose a niche or topic that you are passionate about and that has a target audience.
Invest in recording equipment, such as a camera, microphone, and video editing software. You can also use your phone.
Plan your video content, including the format, length, and structure of your videos.
Create high-quality and engaging videos that provide value to your target audience.
Optimize your video titles, descriptions, and tags for search engine optimization (SEO).
Promote your YouTube channel through social media, collaborations with other YouTubers or influencers, or by embedding your videos on your blog or website.
Join the YouTube Partner Program to monetize your videos through ads or explore other monetization options like sponsorships or merchandise sales.
Engage with your audience through comments, likes, and shares, and build a loyal subscriber base.

Opening a YouTube channel requires creativity, consistency, and a genuine passion for creating video content. With the right strategies and monetization methods, you can make money online in Nigeria through YouTube.

Further Reading:

How to Make Money on YouTube in Nigeria

Make Money Online: What Next?

So, you’ve smashed it and figured out how to make money online in Nigeria. That’s awesome!

But listen up, the key to keeping that cash flowing is to keep hustling.

Illustration of man holding cash, representing ways to make money online in Nigeria, from the website Freelancespace.africa

Here’s what you have to do:

Always be learning: The online world changes fast, so stay on top of new trends and strategies to keep making that money.
Don’t put all your eggs in one basket: Try out different ways to make money online in Nigeria. That way, if one stops working, you’ve got others to back you up.
Track your progress: Keep an eye on what’s working and what’s not. Use that info to tweak your approach and keep that money rolling in.

By staying on top of things and adapting, you can keep making money online in Nigeria for a long time to come.

Make Money Online: Frequently Asked Questions

How Can I Make Fast Money Online Right Now?

Making fast money online in Nigeria requires taking action and exploring various options. Some ways to make quick cash include taking online surveys, participating in gig economy platforms, or offering your skills as a freelancer. It’s important to note that quick money may not always be sustainable, so consider diversifying your income streams for long-term success.

How much initial investment is needed to start making money online in Nigeria?

The initial investment required to start making money online in Nigeria can vary depending on the online business or income stream you choose. Some opportunities, such as affiliate marketing or freelancing, have low start-up costs, requiring only an internet connection and a device.

Others, such as e-commerce or creating and selling digital products, may require some investment in inventory or product creation. However, compared to traditional brick-and-mortar businesses, online ventures typically have lower start-up costs and can be operated from the comfort of your home.

Can students balance online earning opportunities with their studies?

Yes, students can balance online earning opportunities with their studies by practicing effective time management. By creating a schedule, prioritizing tasks, and utilizing pockets of free time, students can pursue online earning opportunities as a part-time job alongside their studies. It’s important to find a balance and ensure that academics remain the top priority.

What are the risks associated with online trading in Nigeria?

Online trading in Nigeria, like any investment activity, comes with risks, especially in the areas of crypto, forex, and stock trading. Market volatility, economic factors, and unforeseen events can lead to financial losses.

It’s important to educate yourself, set realistic expectations, and never invest more than you can afford to lose. Consider seeking professional advice before engaging in online trading activities.

How do I protect myself from online scams?

To protect yourself from online scams, it’s crucial to prioritize internet safety and cyber security. Be cautious of suspicious emails, links, or requests for personal information. Use strong passwords, keep your software up to date, and be aware of common online scams. Educate yourself about online security best practices to stay safe while making money online.

How can I make money with my phone in Nigeria?

You can make money with your phone in Nigeria by taking advantage of various online opportunities such as freelancing, completing surveys, participating in affiliate marketing programs, and selling products or services through social media platforms.

Additionally, you can also explore options like starting a blog or YouTube channel, offering online tutoring or coaching services, and investing in cryptocurrency. With dedication and consistency, you can earn a decent income using just your phone and internet access in Nigeria.

What skills are in high demand for freelancers in Nigeria?

Several skills are in high demand for freelancers in Nigeria. Some of the most sought-after skills include graphic design, web development, content writing, social media management, and digital marketing. These skills can offer lucrative opportunities for remote freelance work.

Ekokotu Emmanuel Eguono

Emmanuel is a freelance SEO strategist and writer, and co-founder of Freelancespace Africa. He spends most of his time researching easier ways to make money online and testing them to know what works. Emmanuel lives in Nigeria and plans to adopt a pet fish he'll name Dominic or Columbus.

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10+ Easy Ways to Make Money Online in Nigeria