Businesses that will help you Generate Income Online in Nigeria

Businesses that will help you Generate Income Online in Nigeria

Are you looking to generate income online in Nigeria? Or better still, you are looking to start an online business that will be generating steady income for you.

Well…… this piece of work will guide you through various online businesses that you can start with minimal capital or investment. All you have to do is to follow the guideline.

There are various internet businesses that you may want to do in order to make money online. In fact, it has been proven that individuals are generating income through online business platforms.



Are you looking for tried and tested tips on how to generate steady income streams online in Nigeria? or you have been wondering on what are the types of online business in Nigeria you can do to make money? Well….. I will give you the list of Online Business in Nigeria that you can do to make cool cash.

In addition to what you will be learning today, I will also give you an insight into how these businesses generate income. In other words, you will have an insight to start your own online business immediately.

A quick one before we delve into our topic of the day. Always remember that there are cost implications to starting up an online business. Some of this costs may be small while some may require intense capital.

Generate Income Online with These Businesses

Here are are major online money making businesses to start.

1. Start A Web Store to Generate Income Online

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The days of brick and mortar is not yet gone, but I tell you something, online shopping is getting to generate substantial amount of profit to their owners.

These owners are reaping the benefits of the internet; due to the fact that the internet has no boundaries, website owners are selling to a wider audience.

As a matter of fact, the rate at which it generate income online for its owners is astonishing.

For instance, Jumia, Konga and Yudala (all online store) are recording greater returns year-in-year-out. Even those entities that list there items on these sites claimed to make good profit.



If you really want to generate income online, you should consider starting an online store. With an online store, you will not have to worry yourself with some kind of expense that is associated to having a brick and mortar store.

Additionally, an online store allows you to sell your products to a wider range of customers; inasmuch as you know how to optimize your online shopfront through search engine optimization, you are guaranteed to sell more products.

For example, you can start to sell fashion accessories, wristwatches and bags online to customers. All you have to do is to have a good stream of supply.

2. Domain Name Selling

Little did I know about this business in 2018 until a friend told me. Since then, I have been selling domains to generate income online.

What you need to know is that, there are some premium domain names out there that command good returns; that is to say, you can buy them cheap and resell at a good profit.

Godaddy, one of the largest domain seller and web hosting provider gave an inside tips on buying and selling domain names for profit. To tell you the truth, this is an inside tip.

The good news about this business is that people always look to by new domain name for their business. For example, Facebook had to pay a cool $8.5 million to acquire the domain FB.com in 2010.

Inasmuch as you know how to spot those domain name, you can buy and resell them for profit; anytime any day online.

3. Generate Income Online through Auction Website

Ebay is the leading online auction site all over the world; indeed, the company as shown us that money can be made through the establishment of an online auction sites.

Yes, this is another cool business you can start to generate income online. Such website could be similar to that of Ebay.com. The truth is, ebay.com started the auction site afresh and the site keeps making millions of dollars year-in-year-out.

The key to success in this type of business is your presence online; that is to say, you need to be at the face of your targeted audience. You can use Facebook, Instagram or Google adverts to achieve this. In addition, a good search engine optimization of the auction site will achieve great result too.

Another key point is, you should charge a fare listing fee if you want your members to keep listing their items on your auction site. You may even start listing your members’ items for free to attract good audience.

4. Be a freelancer

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Becoming a freelancer has been seen as of of the best way of generating steady streams of income online.

In general, freelancers make money online by completing different projects and tasks online such as, writing articles or creating blogs and websites.

So……..

Are you good with what you do? or you can complete task on time? If so, you may consider becoming a freelancer.

Freelancers all over the world are reaping the benefit of internet close loop. What do I mean? I mean that Internet connections has made it easy for any freelancer to work from the comfort of their home.

As a freelancer, you can join any of the freelancing websites online, post your skills online and let project owners find you. The good thing with being a freelancer is that you can accept or reject jobs at will; in addition, you can dictate your price.

The key to success in the freelancing world is that you must be able to deliver your client jobs on time as you promise.

5. Blogging Business

I write blog posts and articles regularly as blogging has become one of the greatest ways that I have used to generate income online.

At the present time, blogging has become a profitable business; not only because it is a way of expressing yourself (as the case for personal blog owners), but also a good way to acquire targeted traffic.



Depending on your personal interest, you can set up blogging site(s) to target different audience. In fact, you can go through these blogging tips on how to be successful as a blogger.

Do not forget, your blogging site could focus on audience interested in politics, or health, or technology, e.t.c.

You may also decide to replicate many individuals in Nigeria that has turned blogging into business; such individual includes the likes of Linda Ikeji.

As a blogger, you can make money online through various ways such as:

  • Sell advert space on your site;
  • Charge for sponsored post;
  • Monetize with Google adsense (see below); and
  • Join affiliate platforms to display various links.

The key to successful blogging is traffic. The more traffic you have visiting your site, the more you can monetize your posts and pages.

Extras for Online Store, auction website and blogging site owners.

Make Money Online with Google Adsense

You may not know but I tell you, google adsense program is the lowest hanging fruit when it comes to making money online. In fact, you can start making money immediately with the google adsense program.

How does it work?

To participate in the program, you will need to have a website or a blog. If you do not have any, I will encourage you to create one. After getting your site up and running, you can take the following steps.

Go to register for an account on Google Adsense in order to start generating income online.

After registration, verify you account and google will give you access to copy necessary codes to place on your site.

The key to success with google adsense revolve around your site or blog popularity; the more popular your site is, the more passive income you will receive on the program. Additionally, the more clicks you have on the google adverts on your site, the better it is for you.

WARNING: You should not click on your site adverts by yourself, google has a way of detecting this and it may lead to you to being banned from the program.

Conclusion

As can be seen, starting a business online is profitable but, it sometimes need some initial inputs. While starting some of these business will require initial large capital, some do not.

As it can be seen, freelancing is the only one of them that do not require initial capital while blogging requires minimal starting capital. Also, to be a freelancer, you need to be on top of your game.

Inasmuch as you know what you are doing, you should be fine with any of the businesses listed above. Take the bull by the horn, get yourself going to make some extra stream of income.

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