If you’re still skeptical about the reliability of online businesses, you need to wake up from your illusion. While the nation slid into a quagmire of unemployment as more people were laid off by companies, earning money online became the succor of many Nigerians
Before we proceed to identifying the types of online businesses that will be lucrative this year, you may want to read the testimonials of nairalanders who succeeded in online businesses.
This nairalander bought her first car from freelancing and moved on to achieve great things for herself. Read her story here: www.nairaland.com/2479987/story-how-bought-car-income
This other nairalander built a house for himself and also bought his first car from an online business! Read his story
The most recent testimonial came from this nairalander who achieved financial freedom for himself via mini-importation. Read his inspiring story here: www.nairalander.com/4276191/nairalanders-advice-helped-physically-challenged You will remember that I emphasized these businesses a lot last year. And, if there’s one thing you can guess, it’s that, for every single nairalander who share his/her success story, there are at least 10 others who have equally become successful.
Now that you’re convinced that online businesses are viable, let’s take a brief look at the businesses that will be successful in 2020.
Mini importation has transformed many job seekers into entrepreneurs. Even those with jobs are in the business because it’s not time consuming. You can order and import goods right from the comfort of your home on your internet-enabled device. All you need do is look for items that are needed in the local market and import them from China. If you like this business, you can anticipate my post on how you can start the business.
While many believe that blogging is a saturated business, it’s really not! Blogging remains a lucrative business as you can earn from adsense, adverts, affiliate marketing and things you sell on your blog. The problem with blogging in Nigeria is that everyone is trying to succeed in crowded niches such as entertainment/celebrity niche. There are other niches with few bloggers which you can delve into. We will discuss this in details in my subsequent posts.
This list cannot be complete without freelancing. Many nairalanders are into freelancing and are making it big time! What is the secret of succeeding in freelancing? You need to have a skill. But to earn money online in 2018, you need to learn new skills aside writing because the supply is greater than population, thereby making competition difficult. Once you have skills that are in demand, you will start earning steady income online. If you don’t have any idea about skills that are most lucrative, you need to watch out for my post where I will make a detailed list about them.
4. Affiliate marketing:
In affiliate marketing, you earn commissions by referring people to buy certain products. You can be an affiliate marketer with several companies. In Nigeria, you can become an affiliate marketer with Jumia and Konga or you can turn to Amazon and ClickBank if you want to deal with international e-commerce websites. Affiliate marketing is a lucrative online business, but like every other business, you need to first learn about it. I will do my best to provide as much information as you need to successfully begin in my future posts.
Cryptocurrency has come to stay as a way of earning online. While many Nigerians are skeptical about it, other countries are already making cryptocurrency legitimate by recognizing it and passing laws to that effect. Many people became millionaires without lifting a finger by simply investing in bitcoin. There are other cryptocurrencies aside bitcoin which are also good investments such as Ethereum, Litecoin, etc. If you’re not too familiar with this business, you can do a simple research online and get abreast with the facts you need.
ALL IN ALL
2020 can be that year you’ve always been waiting for. Rather than wait and hope some miracle will happen, you can make your financial miracle happen by engaging in these businesses. Remember, an action in time saves nine.