7 most lucrative online businesses in Nigeria

7 Most Lucrative Online Business ideas In NIgeria

Over the last couple of years, businesses all over the world especially in Nigeria have taken a new phase and as a result, most businesses are currently operated online due to the flexibility and ease of running an online business. You might not be aware of the various online businesses and opportunities available. But a lot of entrepreneurs are into various legit online business ideas in Nigeria making them lots of money suitable enough to make them quit their jobs.

Well, you might not be planning on quitting your jobs, So here are 7 most lucrative online businesses ideas in Nigeria you can start and make millions even without quitting your job.

1.) Blogging

Starting up a blog in Nigeria has been one of the most frequent attempts by online entrepreneurs when it comes to making money online. And this is because starting a blog not only makes you an authority in your niche or field, it also paves way for a whole lot of profitable online businesses such as affiliate program, selling ad space, selling products, paid writing etc.

Starting a blog, as scary as it sounds a times, doesn’t take much time. Though the process of making money from this can really take a lot of time, effort and money.

To learn how to set up a blog, read my post here>>How to start a blog in Nigeria- beginner’s guide

2.) Freelancing

Here is my favorite when it comes to making money online. And this is because you only need your skill(s) and that’s it.

Making money from freelancing should come top of your list as an online entrepreneur. You can make money from practically any skill you have no matter how ordinary it looks to you.

Here are a list of skills you can earn from:

  • Content writing
  • App development
  • Web design
  • Graphic design
  • Editing  etc.
3.) Affiliate Marketing

Affiliate marketing has to do with selling other people’s product online and getting a certain fee as commission. The good thing about affiliate marketing is that you don’t have to pay or spend a dime to set it up. All you need do is sign up for the company’s affiliate program, get your link and that’s it. With the link, you can direct customers to buy the certain product you’re promoting and by doing that, you get your pay as commission.

Examples of Companies that run affiliate programs include Jumia, Konga, Amazon, Clickbank etc.

A better advantage is having a huge online or social media followership. With this, you have the greater advantage of selling to a larger audience and selling tremendously.

4.) EBook Publishing

EBooks are the new trends right now when it comes to getting knowledge from books. Nowadays, a lot of people prefer eBooks to hard-copy books; and this is because of the high level of ease in getting or downloading an eBook and also the convenience in reading from a device rather than holding a hard copy book.

If you are a great writer and knowledge in certain skills or expertise that people are willing to learn from, then you should give a thought to writing an ebook and getting it published.

You don’t need any means of capital to do this. All your need is your knowledge, notepad or laptop, Ms Word and other relevant software and you are good to go.

5.) Selling products online (E-Commerce)

Buying and selling online is getting bigger and bigger by the day as entrepreneurs are beginning to see the need and advantage of selling their products online.

The great thing about E-commerce is that it allows you sell your products online with little or no need for a physical store. You can also set up an e-commerce store by uploading and selling other people’s product, getting your commission from the sales until you are able to stock up your own merchandise

This is one of the fastest growing online business ideas in Nigeria

Examples of popular E-commerce firms in Nigeria include Jumia, Konga, Dealdey etc,

6.) Social Media marketing

Social media marketing is a great marketing platform for businesses and brands to grow their revenue and increase customers. Yet, this is an aspect where lots of businesses and entrepreneurs miss out.

As a social media consultant, you are in charge of helping business build a great relationship with customers using social media hereby increasing sales and satisfaction for the firm and also the customers.

This is a very lucrative online business to venture and it stands you out as a digital/social media consultant or strategist.

7.) Forex trading

Forex trading has proven to be one of the most lucrative online businesses in Nigeria. This business is very lucrative though requires an amount of capital to begin. All you need is a little knowledge on how this business works, a little capital to invest, a mobile phone/Laptop, internet connection and you are good to go.

But this business has to be studied and investigated thoroughly so as to avoid mistakes and falling into the hands of scammers.

Do you have questions or suggestions on the topic? Please use the comment box below.

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