You searching for the list of online businesses in Nigeria shows that you’re a bit interested to start an online business.
So, you need to carry out research about that first, right?
Well, this is the right place to be at the moment because I will list all the cool online businesses to go into this year, so you can start making some money online.
Meanwhile, we are not talking about yahoo-yahoo or any fraudulent type of business.
Believe me, I’m not too much of a religious individual, but that’s a devilish way to earn a living.
Have you ever imagined working from the comfort of your home or any part of the world you wish, create a comfortable lifestyle for yourself, your family and your loved ones?
Without answering to a superior, no early mornings and late nights.
That’s the dream and life you can actually live as someone who runs and makes a living from an online business.
I’m here to tell you that – this is the year you should start your online business. There’s more opportunity than ever.
And our goal with SmartBizFreedom is to help you take advantage. Become free and live life on your own terms.
Let’s dive into this list without wasting much time. Ready?
List of Online Business Ideas in Nigeria To Start Now
Here’s our list of online businesses in Nigeria anyone starting out can pick and make a living:
#1: Start a Blog and Monetize it
We have been talking and educating people on how to start a blog for ages now. Why? This is because blogging happens to be one of the cost-effective methods to start an online business and make good money.
And for good reason, it’s easier to start a blog now than ever before. And the better part is that you can monetize your blog through different means.
Do also bear in mind that this method of online business requires a lot of work on your own side.
You need to create quality content consistently. A content that solves a need, educates, entertains and captures your blog visitors’ interest.
All these should be back with a great keyword research strategy so you know what people in your chosen blog niche are already searching for.
Blogging can make you as much as $100,000 per month or as small as #100 naira per month. It all depends on the strategy you employ or how serious you are in execution.
It takes time though, but putting the work on the long haul will definitely get you to somewhere.
To start, go to Bluehost.com to get your free domain and pay hosting fee and get your blog running.
#2: Ecommerce Business
Ecommerce on its own is a very broad topic or broad niche per se. Setting up an eCommerce store is also one of the best ways to earn an income online.
Starting one is not easy, especially in Nigeria, but still, you can make it work as long as there are people doing it. Why not?
As you might have known there are existing large eCommerce brands in Nigeria already. The likes of Konga, Jumia, etc.
But hey, you don’t need to look like those or start so big. The sweetness of this type of online business is that you can stand out with your store and focus on one product, one market, and one offer.
Just by filling a unique niche and executing the right marketing and promotion techniques, you can make your e-commerce store a profitable success.
The steps involved are:
- Finding a profitable market
- Registering your business with CAC
- Secure your domain name
- Build your eCommerce site or store
- Get all other elements in place (inventory, logo, logistics)
- Start promoting your business
#3: Affiliate Marketing
You earn commissions when you promote and drive a sale or conversions to other brands’ products or services.
Running an affiliate marketing business in Nigeria works and it requires you not to create or building having your own products.
This is by far one of my favorite online business models.
Your duty as an affiliate marketer is just to drive traffic and make sales. Then the company pays you.
There are lots of things you can actually promote as an affiliate here in Nigeria. Like eBooks, software, web hosting, betting companies, courses, gadgets, automobiles, etc.
The beauty is finding an industry you’re either familiar with, interested in, passionate about or into. Then find products or services in that area, apply as an affiliate, and start driving traffic.
#4: Create and Sell and Digital Product
Maybe you’re already an expert in your field of operation. Perfect!
There is a way to turn that skill into a great source of revenue. Recurring one at that!
By bundling that into an informational digital format and help others learn, become good at it and gain freedom with that.
I call this type of online business-impacting at the highest level. Here you’re empowering others to empower others and change the world.
You can sell this in the form of a membership site, eBook, audiobook, events, mastermind, coaching, etc. The processes involved in creating a successful digital product goes with a solid marketing strategy.
You can use content marketing in promoting your eBook or course (like Blogging), email list, running paid ads, YouTube, interviews.
#5: Becoming a YouTuber
People often think it’s so easy to make money from YouTube as most people talks. Sorry to disappoint you it’s not.
YouTube is a video-based platform just the way Google is a text-based platform. You produce content to satisfy users want, solving a need on both platforms.
Blogging/writing for Google then Videos for YouTube.
Having just a channel doesn’t end with YouTube as creating a blog doesn’t end with installing WordPress.
You need to decide what (the type of video) you should produce on YouTube that would attract people to watch, stay, subscribe and keep coming back to your channel.
After that, you get to work and start recording with your device. Don’t be too fancy at the start. Your phone is enough.
Optimize your videos for keywords (YouTube SEO) to get attention, visitors, and views.
Down the link, you can monetize your YouTube channel and start making good money.
#6: Facebook Ads Expert
Facebook being the largest social media network, continues to expand and grow. And more and more business owners are looking for ways to get eyes on their products and services using Facebook.
And I can confidently say that in Nigeria as a whole, there is a shortage of Facebook ads experts.
This is a big HOLE to filled. And it’s not too late to learn Facebook ads, become so good at it by experimenting with some ad budgets and start helping businesses grow their business using Facebook advertising.
No, you don’t need to set up a marketing agency, my friend. Just fill your portfolio with good testimonials and proofs.
Be that go-to guy for everything Facebook ads.
Copywriting is another sort after skill in the online marketing space. Even though there isn’t much market for copywriters in Nigeria yet, you can still become an expert in this area and build a lucrative online business for yourself.
Set yourself apart and stand out from the noisy flocks of ‘marketing experts in Nigeria’.
Copywriting is one of the hardest elements of marketing and sadly every form of online marketing requires a copywriter.
Copywriting is the art and science of strategically delivering words (whether written or spoken) that get trigger people to take some form of action on anything you desire.
How your copy looks and sounds can either make or break your entire business.
Marketing copies are needed in:
- Sales pages
- Email marketing
- Facebook Ads
- Social media posts
Finding your space as a copywriter and learning what it takes can set you up for life.
According to Wikipedia:
Dropshipping is a supply chain management method in which the retailer does not keep goods in stock but instead transfers its customer’s orders and shipment details to either the manufacturer, another retailer, or a wholesaler, who then ships the goods directly to the customer.
This is another online business model you can start here in Nigeria.
The amazing benefit here is that you don’t have to risk buying up stock in a product and losing money if it doesn’t sell the product.
The entry barrier is a bit lower and you don’t have to invest nearly as much to get started doing dropshipping.
#9: SEO Expert
Just like the shortage of Facebook Ads experts in Nigeria – same it is for finding a reliable and skilled SEO expert.
You can fill the HOLE here as well and become the go-to guy or babe when people start looking for a Search Engine Optimization expert in Nigeria.
Your job as an SEO is to help map out an SEO strategy for brands’ websites and help them increase Google rankings.
SEO is a demanding skill that pays like oil money (if you know your way). But first, all you should have done it successfully for other people or your own blog or website.
To start in this path, you can start your own blog, learn SEO and apply everything you learn on your blog, rank and keep learning.
If you have a proven system to rank sites, then you can reach out to brands to help them increase their search traffic.
#10: Content Writer
Currently, I have about 2 active writers always outsource some of my niche blog articles. I pay one of the writers about #30k monthly and he does this while going about other of his business.
In fact, he writes for some of my foreign friends (which I recommended him to).
Giving this example is to show you the possibility also in writing. You can make your full-time income as a content writer for blogs. And the same time not tied to any.
Like you can choose to write for whoever you want.
Actually, this should be under the copywriting aspect, but content writing as a ghost or guest blogger is another direction entirely. In my opinion.
To be good at this, I would also advise you to start your own blog, consume the top copywriting blogs and master content writing.
#11: Instagram Expert or Influencer
Do you know that you can make some crazy money from Instagram if you have a handful of followers?
Not just as an influencer who sells sponsorships but you can also help others (brands and businesses) buildup their own Instagram handles and get paid for that?
You make more than 10,000 Naira, and even up to 1 million when you make a single post for brands.
That’s what Instagram sponsorship is all about. And it works well in Nigeria.
Any person with 1,000 – 5,000 followers on their social media account can be called an influencer depending on the type of audience and level of engagement you bring.
That’s what matters. Engagement.
So, you have to make sure that your level of engagements (comments, likes) are in some way correlating with your number of followers.
According to Influencer marketing hub:
The average Instagram account has an engagement rate of 3%. Any rate above that, combined with a high number of followers, suggests that you are an influencer amongst your peers.
So, if it’s way lower then – you lack an engagement and brands won’t likely do business with you.
Final Thoughts on List of Online Business Ideas in Nigeria
You know, one thing is reading, learning, and falling in love with what you’re consuming. Then another thing is implementing them.
All the efforts I put in writing, researching and brainstorming these online business opportunities would be a waste if all you do is go back to your normal life without trying to learn and start an online business.
That will break my heart.
You have plenty of options and resources all over the place for you to start an online business in Nigeria.
And we’re here to even help you accomplish that dream.
Here’s what you should do:
Pick one method of making money online here in Nigeria and stick with it. Be obsessed and make it work.
Don’t sleep on them.
And I guarantee you, by this time next year, you may have your own lucrative business and cashing out on a daily, weekly, or monthly basis.
By the way, if you have any other form of online business one could start right here in Nigeria, be sure to let us know.