5 Easy Ways to Make Money Online in Nigeria in 2023

If you live in Nigeria currently, then you'll know that making money has begun to prove a bit more difficult with each passing year and especially in 2023, when one considers issues like the high unemployment rate — nearly half of the population (37%) are without jobs! — and inflation rates that has led to devaluation of the naira. But this article isn’t all doom and gloom! The good news is that even though there might not be full-time jobs out there, you can create your own job if you want to. Read on as we delve into 5 easy ways you can make money online in Nigeria, in 2023.

How to Make Money Online in Nigeria in 2023 - 5 Easy Ways

Before going into how you can make money online with ease in Nigeria, let’s consider some of the important things you might need to start off, scale quickly and start making money faster.

• Reliable Internet Connection - since your business is going to be over the internet, you need to invest in an internet provider that will not fail you, especially in crucial times. Research the best networks in your area before committing to one.

• Functional devices - You also need to have at least a phone or a laptop to connect to the internet.

And then you’re all set! Let’s see 5 ways to consider for you to start making money online in Nigeria.

1. Start a Business Online:

One of the ways to make money online is to venture into a business where you can sell things online. Even if you think everyone is selling something, that should not stop you. There are endless options of items you can start selling, and sometimes you don’t even need a skill!

Before choosing an online business to start, it is important to consider factors such as market demand, competition, and personal skills and interests. These will help guide you in choosing what you need to sell. Once you have chosen one, you can use some simple hacks to market the business & grow it effectively, and use a simple tool like Bumpa (which helps you create an online store, manage stock and inventory, save customer information, send invoices & receipts and even give discounts to your customers) to manage and scale the business faster. With the right strategies, an online business can be scaled and expanded to generate a steady income stream.

Related: 10 Business Ideas you can Start with 20,000 in Nigeria

2. Start a Dropshipping Business

You know how some people sell things online but don't actually have the items in their house or store or wherever they sell from? That is called a dropshipping business. For people who do not want to deal with having inventory, this is perfect for you.

To start this business, you just need to connect with a supplier, so when customers order from you, you can send the contact address to the supplier who then ships the product after the customer has paid you. To boost your sales, you can always retarget customers who have bought from you before! Use the Bumpa app to collect and permanently store customer information so you can reach out to them whenever your supplier has new products to sell. Plus, you can track your best-performing products and customers using the app's data insights. You can even create discounts and coupons for your customers and share them via SMS or email directly within the app!

Related: Use Discounts & Coupons to Boost your Marketing

3. Become an Social Media Influencer

Social media influencers are on the rise, and we can see it all around us. Even our ‘mummies & aunties’ cannot be separated from their TikTok accounts these days! And, brands are always looking to collaborate with influencers who have a few thousand followers. By researching the most popular niche and creating valuable content, you can build your audience quickly and eventually start making money through brand deals, collaborations and even by launching your own business. Being an influencer requires consistency with content creation, so make sure you put out your content constantly.

Pro tip: Some of the hottest social media influencer niches right now include beauty (skincare & makeup), lifestyle, travel, fitness & books!

4. Offer Freelance Content Services

Are you great at writing? Then don’t let that skill go to waste! Offering freelance content services is a lucrative way to make money online, and right from the comfort of anywhere. You can write blog posts, articles, social media content calendars, and even ghostwrite for others.

To get started, create a portfolio of your work, and ensure that you have a strong understanding of different writing styles and formats. You can then find clients through platforms like Fiverr, Upwork, Flexjobs, Bestwriting, e.t.c. With dedication and hard work, you can build a successful freelance writing career and make steady money.

5. Organize Virtual Tutoring Classes

You can teach online! If you’re great at subjects and languages, you can easily earn money online by becoming a tutor and hosting webinars. You can even create courses, so that the classes are not a one-off event. And it doesn’t just end at subjects & languages. If you have a skill that you can monetize, another channel to get more income from it is by teaching people! If for example you’re a baker, why stop at baking for people? Make more money by teaching people how to bake as well!

Pro tip: Ensure that you're proficient in what you're teaching so that your students don't lose interest or feel like they haven't gained enough knowledge. If you need to improve your skills before starting, consider investing in courses to do so!

Conclusion

Despite the challenges in Nigeria today, there are still plenty of opportunities to make money online. From starting an online business or dropshipping venture to becoming a social media influencer or offering freelance content services, the possibilities are endless. And with the right strategies and tools, you can quickly scale and grow your business online very quickly.

So why wait? Take the first step towards financial independence and start exploring these easy ways to make money online in Nigeria today!

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