Building a business in a harsh economy can be very demoralizing. And to start a business from ground up and take it to its climax can be very tasking, most especially, in a country like Nigeria.
Do you know that a study shows that only 1 out of 25 businesses that started together in Nigeria survive after 10 years? More so, about 80% fail within the first 5 years.
Due to this, many individuals have gone into illegitimate deals thereby putting the economy in danger. Hence, this piece seeks to give 10 legit online businesses that you can do and how to start them here in Nigeria.
eCommerce and Dropshipping
One of the legit online businesses that will cost you almost nothing is eCommerce and dropshipping. Through eCommerce, you can sell things on the net and get paid. Most times, you just need the right network to do so. There are many mini-importation sites you can buy from and sell both wholesale and retail.
Do you know that Jeff Bezos, one of the wealthiest individuals alive today, owns the most popular online platform called Amazon? In Nigeria, the biggest online shops are Jumia and Konga. If you have products that you sell or services that you offer, creating an online shop is your best bet.
More so, you can also serve as an intermediary between buyers and sellers and get your commission.
Secondly, you can venture into blogging. In contrary to what you might think, blogging is still very much one of the fast-moving online business in 2021. The truth of the matter is that you will hardly find a business today that doesn’t own a blog on their website. Hence, to choose to blog is to work with many organisations which inevitably serves as your own source of income.
Content and Copywriting
Another most legit online business in Nigeria is Content and Copywriting. This is one of the fastest growing online businesses where writers can create an internet business that provides copywriting and content writing services. You can easily become a freelancer, and find writing gigs through platforms like Upwork and Fiverr, or by networking and reaching out to potential clients.
If you are the techy type, a good way to make money online legally in Nigeria is by starting up a YouTube channel. Many celebrities today make bulk of their money through this medium. It might take some time to build an audience but I can assure you that with consistency, you will reap its fruits.
More importantly, do you know that with enough people watching your videos, you’ll make money from advertisements on your channel? You can also get sponsorship as long as your content is good. Additionally, you can use your channel to launch a full-scale online business. The more your audience, the more your money.
Asides from writing and video creation, some people have their voices as their selling point. Hence, it is advisable to start a podcast that is educative, informative and entertaining. Having a podcast can serve as a great method to get your voice out there and build followers. What is needed are major trending and interesting conversations to talk about on a consistent basis.
Some of the major platforms for podcasting are google podcasts, iTunes/ Apple Podcasts, Spotify, Spreaker, Blubrry, Digital Podcast. iPodder, etc. Podcasting is indeed competitive and for you to be successful, you have to be at your best.
Another money-making skill if you are serious about starting an online business in Nigeria with low investment is Web design. You should not be oblivious to the fact that numerous sites are created every day. Website building is largely on the rise as many businesses and organizations look to tap into the power of the internet.
It is impossible to build have brand visibility and not have a website. Hence, harnessing the power of this skill will create a stable platform that generates unlimited online money.
Online Advertising Agency
The 7th on this list is for the advertising agencies. Do you know that many businesses are struggling with sales and you could serve as an intermediary to their customers? All you need to do is build a fan base where people love and enjoy your content.
When you have done this, businesses will approach you and pay you to advertise. As a digital agency, you will help bring graphic designers and copywriters together with new technology and modern marketing methods. There is no business that survives without advertising.
Social Media Management
Creative management is highly needed when it comes to social media accounts. Many organisations and individuals are always in need of someone who will manage their accounts as they do not have the time for it. If you find out you love staying on these platforms for long, then you can earn some money from it.
Just imagine handling up to 10 – 15 social media accounts. The internet is in no doubt a good source of income if you can maximise it well. All you need to do is to possess the necessary digital marketing skills to help you succeed.
Affiliate marketing is an ideal way to make more money and start a home-based business. You do not necessarily have to get capital to get started. You’re basically paid for bringing new customers to other businesses online.
Through affiliate marketing, you earn a commission for marketing another person’s or company’s products. The affiliate simply searches for a product or service they find attractive and legit, then promote it to earn a piece of profit from each sale they make.
The last but certainly not the least is graphics designing. We live in a age where people are highly driven by what they see, thus, venturing into this skill may just be the best for you.
Every business needs a logo and a banner to showcase what they do and sell. Once you can help them portray what they have in mind, you get your money. More so there are some sites you may find helpful such as Canva or Adobe Spark note.
Finally, if you are on the internet on a daily basis and you fail to garner some useful skills that can serve as a source of income, then you are doing yourself a whole lot of harm. Find the one that interests you and start making some money today. I hope you found this helpful.