The internet avails us with many opportunities to sell our skills and earn from them. If you’ve been wondering how you can make money online, this article has details you can use. Here, we will be going through 12 online businesses you can start today.
A lot of these businesses require little or nothing to start up, so they’re good options you can turn to if you don’t have a lot of capital to begin with.
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1. Kindle eBooks
There’s a global market for ebooks you can explore from where you are right now. If you are an expert in a particular niche, you can share your knowledge with the world by writing and publishing on topics in that area.
You may sell your ebook on Amazon through its Kindle Publishing program, and earn up to 70 percent of proceeds from every sale. The good thing is you don’t have to pay any registration fees to begin selling there.
2. Affiliate Marketing
If you have a blog, you could review certain products on it and include a link to an online store where they are sold. If anyone purchases that product through the link on your blog, you get a commission on that sale. This is how affiliate marketing works.
There are several companies offering affiliate marketing opportunities. Locally, there’s Jumia and Konga. You could also try the Amazon and Alibaba affiliate programs as well.
3. Adverts on Your Blog (Google Adsense)
If your blog has high traffic and it’s linked to a Google Adsense account, you could earn from it as well. Blogging income could come from visitors’ advert impressions or clicks on adverts displayed on your site who either view or click on them. The more clicks your record, the greater your revenues will be.
4. Agritech Investment
Agritech platforms like Farmcrowdy and Thrive Agric provide you with an opportunity to choose and invest in farm projects from across Nigeria, and earn returns on those investments within months.
5. Online Savings Platforms
Some digital platforms allow you to save money and earn double digit interest on it. You could gain even more if you invest in the mutual funds and euro bond options they have listed. Examples of these savings and investment tools include Cowrywise and PiggyVest.
Find our comprehensive listings of businesses in Nigeria here
6. Ecommerce Sites
Businesses operating out of brick and mortar stores can expand their customer base to the online space by registering and selling on ecommerce stores as well.
7. Freelance Jobs
Are you a skilled web developer, content writer, or graphics designer? There are a lot of online opportunities you can take advantage of. Freelance websites like Fiverr and Upwork are marketplaces where you can find clients from across the world who are willing to pay for the services you offer.
8. Stock Photos
Similarly, you may earn from your photography skills by selling your photos on stock photography websites like Shutterstock and Getty Images.
9. Social Media Store
Instagram is probably the best place to do this, especially if you’re offering tangible products or creative services. If you are able to deploy the right marketing tactic, you could build a large following and establish a successful business on the platform.
10. Social Media Influencer
Social media influencers are people who have a large following on social networking sites like Twitter and Instagram. They are able to engage this community by consistently posting interesting content on their pages or walls.
Both small businesses and large corporations pay these influencers to market products to their followers. Many people earn a fairly decent income from this.
11. Monetized YouTube Channel
This isn’t as big in Nigeria as it is elsewhere in the world, but it’s certainly birthed a number of successful entrepreneurs even here. A few savvy individuals have built YouTube channels covering news, current affairs, and entertainment, which have garnered a large following. If they get a big enough number of views for their videos, they can monetize their channel.
12. Clothing and Crafts on Etsy
Etsy is an online platform dedicated to the sale of hand crafts, traditional clothing, and other kinds of artistic material. When you register to sell on it, you can reach numerous potential buyers from across the world who may be willing to pay for your crafts or textile products.
The internet teems with numerous business opportunities, and new ones pop up every other day. You can take hold of the ones that you’re most likely to succeed at, and create a viable business for yourself through it.
Featured image source: Invoice NG
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