Amazing Money Making Ideas in Nigeria (2024)

Money making ideas in Nigeria have become one of the most searched topics on the internet today coming from Nigerians where some of them are still students while others are graduates

Am very sure You’re here because you want to learn how to make money online and I can assure you that you’re in the right place you are going to acquaint yourself with hot money-making ideas that could change your story

having financial freedom is one of the goals people desire to achieve since a salary can not settle your bills and in just a few weeks you are broke again.

People are looking for ideas to make money online and money-making ideas from home for most household wives who don’t have an office job

I’m here to tell you that you can too (relatively quickly) learn how to make money online

It won’t always be easy, and you’ll of course have to work hard and push through mistakes and failures along the way.

But here’s the reality; the internet has opened up so many possibilities to people regardless of age, location, or background to build a sustainable, online business or side project that can make extra money online every single month.

But here is one thing you need to find out if you Ask most personal finance experts and they’ll tell you the secret to becoming rich is no secret at all:

Work hard, live below your means and save every dime. The nation’s One Percenters, however, might disagree.

But how many times have you thought to yourself, “I could use some extra cash”? Maybe you need cash fast. Or, you want to save for something big. There are many ways to make money outside of your day job.

What do I mean by Leverage? To leverage something is to use, exploit or take full advantage of something (hey.. am not referring to girls.. lol)

to leverage is to utilize all business opportunities available thereby making a huge profit or monetary return in the process

Business Ethics

Before I proceed with ideas for making money online I would like to outline these business ethics you must put into consideration Because negligence to them will not take you far to where you could have reached

Business Ethics Definition: Business ethics is the set of moral rules that govern how businesses operate, how business decisions are made and how people are treated

They have come with morals and principles you must adhere to for the growth of your business, your mind has to be focused on positivism and growth

Here are important concepts you must know

1. Salary isn’t the whole story

Climbing the corporate ladder will only get you so far; at some point, you reach your earning potential and plateau. The rich know that to grow wealth, it’s important to make your money work hard for you not the other way around.

Robert Kiyosaki, author of the No. 1 best-selling personal finance book “Rich Dad, Poor Dad,” built his entire money philosophy around this concept.

2. Take advantage of time, not timing

If the recent Dow Jones crash proves anything, it’s that no one can predict what the market will do tomorrow. The wealthy know this and do not attempt to moonlight as day traders.

3. Put it in writing

The difference between having an idea and putting it on paper is often what separates the uber-successful from average folks.

And if you equate success with wealth, it might be time to start writing down your goals, both large and small, to become rich.

4. Understand value over cost

The wealthy person has three best friends: her attorney, her accountant and her advisor. The wealthy tend to use the law and tax code to their advantage

when figuring out how to maximize their wealth, especially over multiple generations, and they are not afraid to spend money upfront for counsel to get these answers.”

5. Focus on Becoming your boss

If you are your boss, you work for yourself or make your own decisions and do not have anyone telling you what to do

The wealthy understand that what’s risky is allowing your time and earnings to be dictated by a boss who couldn’t care less about whether you get what you want for your life

Money Making Ideas in Nigeria

Don’t get me wrong, there are still a lot of great opportunities and ideas to make money online for beginners in Nigeria. It’s that the most common ideas have been picked through a lot more than they were a few years ago.

To stand out you need to be smart, look for the best opportunities, and be unique in the ways you approach making money online in Nigeria. And I’m here to help.

1. Establish Your Niche

Establishing your niche is finding something you are passionate about, Niche here simply refers to what your business or brand is all about

For example, before becoming a blogger, you have to think of a niche that suits your passion, if it’s a freelancing job such as writing for companies and websites what you write about in your niche

Even if you are a poet and yours is to write love poems then we say that is your niche. if selecting a niche you must decide on something

you can do it even if it means doing it for the rest of your life so that you don’t get weary sooner or later

2. Start A Blog

Blogging is a great side hustle because you can do it at your own pace anywhere you want. It’s not a quick and easy way to make money, but there are a lot of ways to make money side hustling while blogging.

You can sell advertising, become an affiliate for other people’s products, sell your online product, and more.

It does take time to build up an audience to be able to make a decent amount of money, but once you have a large following, you could earn over $15,000 per month or more (we do).

You can become an affiliate marketer, this skill is when you get paid for referring others to products or services.

For instance, Amazon pays you when visitors buy products through your links. As a reward, you get paid. You will need a blog or website to post affiliate links. Having a social media presence helps you make money too.

You can as well build your niche under music and entertainment promote songs and make cool cash in your cosy zone.

You should always know that there’s money in the air, and if you can successfully create an online service, business or product then you are Good to go

3. Build And Sale Software

Not everybody might fit in with this business idea because it requires high expertise most especially for people who haven’t got the chance of schooling.

although it’s still worth it, if you are a computer engineering student in high school, a programmer or a computer software engineer then you should leverage this idea to the fullest

Right now there’s an insatiable need for useful software.

Whether it’s an important consumer application, a specialist app to solve a particular niche problem or even a time-wasting game you can play on your phone. you can create a massively successful business if you build software that helps people.

4. Market Your Services Online

If you have a marketable skill such as writing, designing, web development, marketing, project management, or anything else one of the easiest ways to make sustainable extra money online is to start freelancing.

You can also write, publish and sell your ebooks online on Amazon, fiver, eBay etc.

And while freelancing might not be as scalable as some of the other ideas we’ve spoken about, it’s not uncommon for solopreneurs to build healthy six-figure freelance businesses for themselves.

Today, over 54 million Americans are opting to forego traditional careers and start a freelance business.

There’s plenty of work and clients to be found. If you know where to look. To start, you need to know if there is enough demand for your skill to make it worth the effort to go out looking for work.

Start by searching for freelance postings on sites like FlexjobsSolidGigsContena or one of the dozens of other skill-specific freelance job boards.

5. Market Your Photos

Do you have a high-quality camera and a knack for taking good photos? Well, consider selling your photos to companies like Deposit Photos.

They will pay you a portion of their earnings for each sale. Besides selling photos, they pay you to sell vector graphics too

6. Create Online Courses

If you’re already an expert in a topic, either through your current job, freelance business, or coaching you can package that knowledge into a high-value course and sell it for years to come.

And while building, launching, and marketing an online course does take a considerable amount of upfront effort, their earning potential is through the roof (especially compared to a lot of the other online ways to make money we’re talking about).

Courses and other knowledge products like e-books are what’s called passive income.

That simply means that once the upfront time and effort are put in, with just a bit of regular upkeep and marketing you’ll be able to continue to sell and make money from them for months and years.

7. Become A Youtuber And Promote Your Expertise

A lot of Nigerian comedians are leveraging YouTube to make good monetary returns, the coolest thing about YouTube is you can run it in the comfort of your home and anywhere without

The likes of Mark Angle Comedy, MC Lively, Bovi, Basketmouth etc keep trending every day, these guys are making 5 figures on YouTube

Think within yourself, about what you can do on YouTube and drag attention/views to your YouTube channel

people love to watch hilarious videos online and nobody gets tired of watching them, so if you have what it takes to entertain people on your YouTube channel then you should think about this idea

You can also focus on the football niche where you can bring discussions and arguments and other football vibes since Football is the most debated sport, am sure you are going to drive some traffic there

seeing that in every corner you go, you find youths debating and almost at the point of the fight over football matters am sure this will be a good idea to leverage on

You can also leverage affiliate marketing on YouTube and promote Company products relating to your niche each time you are making a YouTube video and with each subscriber that buys from you, you get a commission bonus

8. Monetize On Instagram

If you’ve ever wanted to monetize Instagram, then now’s the time for you to do so. Given the sheer size of the global audience, it’s fair to assume there’s a niche market out there for you.

Regardless of the kind of content you create, there’s an audience for you. One that, in all likelihood, you can leverage to earn a fortune.

Although it is a platform designed to share photos and videos, with the right approach, you can monetize Instagram.

The fundamental thing that must come first is getting followers to your Instagram page, did you know Christiano Ronaldo earns more money from Instagram, that’s more money than he makes from playing soccer.

Because of his massive following, companies pay up to $1 million for a single post on his account and on average, he receives $975,000 per post.

Following Ronaldo is Lionel Messi who makes $23.3 million each year through Instagram. In third place, Kendall Jenner makes the list with annual earnings of $15.9 million on the social platform.

With people spending an average of 136 minutes per day on social media, entrepreneurs and influencers have been able to create entire businesses on Instagram. In some cases, without even having a dedicated website of their own.

And some celebrities have amplified their income by using their fame to reach an even wider audience through the social media platform. 

9. Do Graphics Design for Companies

If you walk around your neighbourhood or town I’m sure you’ll see tons of great local businesses with terrible design. Graphic designers can offer their skills to local small businesses. 

Smaller businesses can’t afford large graphic design companies. But, they want to create attractive ads or websites. If you do the job well, they are happy to use a smaller, local designer.

designing for companies is one of the coolest money-making ideas to leverage

10. Edit Videos Online

The video is growing like crazy. And more and more people are looking for professional help cutting their raw footage into viral-worthy content. If you have the right software and a bit of skill, you can easily make money online as a video editor

Conclusively, video editing is yet one of the trending money-making ideas in Nigeria to leverage

Conclusion: Money Making Ideas in Nigeria

Did I miss any of your ways to make money online in Nigeria? do you have money-making ideas other than these? Let me know your ways to make money online (in the comments below).

Share some details about what’s working for you and I’ll add them to the list! 

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1 thought on “Amazing Money Making Ideas in Nigeria (2024)”

  1. First, I appreciate your blog; I have read your article carefully,
    Your content is very valuable to me.
    I hope people like this blog too.
    I hope you will gain more experience with your knowledge; That’s why people get more information.

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