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8 Lucrative Online Businesses That Pay Good Money In Nigeria

Is it really possible to form a living online? the solution is yes.

In the Nigeria of today, we’ve witnessed the increase of the many internets millionaire that made their money just by starting one online business or the opposite . People like Linda Ikeji and Akin Alabi (Founder of Nairabet) have made billions of naira just by starting a web business idea.

Starting a replacement business online requires much less risk than investing your money into a setting-up a physical shop or store. With the character of online businesses, it's very easy to succeed in thousands and many potential customers without breaking the bank on the value of advertisements.

With a touch knowledge of digital marketing and social media , almost anyone can launch a business online and obtain it up and running in just days. during this post, we've put together an inventory of the foremost lucrative online business ideas anyone can start in Nigeria with a really little capital investment.

1. Become knowledgeable blogger

In the past, we’ve written a piece of writing about the way to start a profitable blogging business in Nigeria . Launching your own blog doesn’t require an excellent deal of technical or computer skills.

If you’re hooked in to writing and creating super-rich contents on the web that's capable of grabbing the eye of your audience, then you're only a couple of steps faraway from earning money doing what you're keen on .

Having a blog that has an in depth number of followers will allow you to realize profit by attracting advertisers, that are willing to pay you some money just to put adverts on certain pages of your blog.

2. Make money selling products online

E-commerce and Dropshipping are two popular ways to form money selling high demand products online. Online platforms like

Shopify and WordPress have made it insanely easy for anyone to set-up a web e-commerce store in minutes.

On the opposite hand, Dropshipping is once you create a web store to sell other people’s products. Then, you get a commission for every sale. The advantage of this over traditional e-commerce business is that you simply don’t need to risk buying up stock during a product and losing money if it doesn’t sell.

If you're looking to follow this route, you'll start by researching a number of the fastest selling online products in your geographic location. it's also important to offer more priority to products that are unique and fewer competitive.

3. Start your own YouTube channel

Top YouTubers like Felix Arvid Ulf Kjellberg the owner of the most-subscribed YouTube channel called PewDiePie, (currently has 89 million subscribers) has made quite $15 million creating and publishing video contents on YouTube.

As a YouTuber, you create money on YouTube whenever Google (YouTubes parent company) shows ads contents before or after your video has finished playing. confirm your videos are top quality and you upload them consistently for the satisfaction of your audience.

The best part is, you don’t even got to leave and buy an upscale new camera – as long as you've got a smartphone with a top quality optical lens , you'll start filming your first video right now!

4. Create and sell online courses/e-books

If you’re already an expert in any topic, you'll package that knowledge into a high-value course or e-book and sell it online to folks that are seeking the knowledge that you’ve acquired.

This type of online business is best considered passive income because you continuously make money for years even after publishing it. Once the upfront time and energy is put in, with just a touch of normal upkeep and marketing you’ll be ready to still sell and make money from them.

If you don’t have already got an audience, it'd be better to self-publish on websites like

Udemy and Amazon first. That way, you'll validate your idea and grow your fan base.

5. Start trading Forex and stocks

Most people see currency trading (also referred to as FOREX) and investment as a really risky business to start out . albeit this statement is true if you begin out small and invest some time into researching you'll gain knowledge and knowledge which may just usher in the rewards you’re after.

Unlike Forex, Stock exchanges provide a transparent, regulated, and convenient marketplace for buyers to conduct business with sellers. The stock exchange is immensely popular, but it's exceeded in size by the Forex market, which is that the largest financial market within the world.

Nowadays, the web has made things easier. you'll start trading forex or stocks by sitting ahead of your computer within the comfort of your bedroom with a glass of cold juice or wine.

6. Work remotely for companies abroad

Remote working may be a situation during which an employee works mainly from home for corporate organizations and startups. More and more companies are embracing the remote work lifestyle by employing staffs that aren't required to resume within the office daily from 9 to five .

Many remote work positions are IT and customer service related in order that they require specialized skill sets which will be rare to seek out . Example of popular remote jobs includes Data Analyst, Software Developer, UI/UX Designer, Customer Support and far more.

Working remotely is taken into account as a lucrative online business idea because it affords you the time to try to to other things like taking care of the family (for Moms), hanging out with friends and family or happening holidays.

7. Become an influencer on Instagram

Instagram may be a highly visual social media channel, and thus is in some ways the right medium for brands to inform their story using influencers. Influencers are Instagram users who have established credibility and audience who can persuade others by virtue of their trustworthiness and authenticity.

Becoming an influencer on Instagram isn't a simple task apart from well-known celebrities who have already built an enormous following outside social media. Not all Instagram influencers are celebrities though, a number of them have worked so hard by creating short video clips that capture the eye on an audience.

Influencers make money in several ways like sponsored posts and advertisement from top brands, affiliate marketing and selling their own products.

8. Join affiliate marketing programs

Affiliate marketing is one among the varied ways to form money online by promoting products or websites to earn a particular percentage as a commission from sales made. it's important to notice that affiliate marketing is different from get-rich-quick-schemes.

As an affiliate marketer, the products and services that you simply promote are provided by others and not necessarily you. the sole duty you're required to perform is to supply a marketing or mercantile establishment like a blog, email list or social media.

We’ve put together a well-written article about affiliate marketing and hottest affiliate marketing programs that you simply can take part Nigeria.

Final Words

For many wanna-be entrepreneurs, running a web business may be a dream that gives the promise of monetary security and independence. the primary and most vital step towards this dream is selecting a web business concept matches your skills and may realistically be launched.

Creating a web business is just a matter of that specialize in your strengths and expanding your network. the web business ideas shared during this post just don’t create a path to flee the 9 to five office lifestyle, they also offer a sort of freedom that the majority people don’t get to experience.