The internet is undoubtedly one of the best places to make money. The world is gradually turning into a global village whereby business is been done online. The internet is highly saturated with fantastic money making ideas.
Majority of the general public do not seem to cherish businesses done on the internet because of the risk that comes with it. The reason why online business is profitable is because of a large number of people that uses the internet on a daily basis.
It is disheartening to know that only the smart, educated and elite ones amongst the public buy into the idea of doing business on the internet. While the so-called ignorant ones are afraid to see the profit that comes with doing business on the internet.
In this article, I will be listing out in details 4 online businesses that are profitable in Nigeria. They include:
1. Website Flipping
The flipping of websites is one of the best ways to make money in Nigeria today. Website flipping simply means the buying or building, developing and selling websites.
This online business has made a majority of people who venture it rich. What you are required to do is to build a website from the scratch, then develop it by designing it well as well as generating traffic then selling it.
Website flipping requires low capital to start up. To start website flipping, you will need to register a domain name first. It is, however, important to be creative and have an amazing idea when putting up a domain name. Also, your domain name must be simple to know and also can be remembered easily. In addition, you must also change to the website and make the theme SEO friendly and fast in loading.
Then you can proceed to sell the websites after all these has been done. There are 3 types of website flipping which includes: Beginner’s flipping, Standard flipping and Long-term investment flipping.
2. Affiliate Marketing
Affiliate marketing is fast becoming one of the most used methods of making money online and it is very profitable. The likes of bloggers, webmasters and online users have seized this form of business to make money.
Affiliate marketing can be done from the comfort of your home and it requires little or no money to start up. Affiliate marketing can be defined as the form of business whereby you earn money by promoting other people’s product. You earn a commission each type you sell someone else’s product online.
If you want to start affiliate marketing in Nigeria, the first step is to join an affiliate program like Jumia, Konga, Amazon, Shopify and so on. The next step is to choose the product you want to sell, then you will input it in your site so that people can see it and buy it. Use can use text links, banners etc to show people that visit your site that you sell a particular product. Anytime anybody purchases the product through your site, you earn commission on that product.
I have introduced a detailed book guide a method to show you how you can make money through affiliate marketing without having a website. This method works like magic, and you can make so much money from it.
3. Freelancing on Fiverr/Upwork
A freelancer is a person who is self-employed and does not work for someone for a long time. Freelancers works on their own for different companies or clients. The jobs you can do as a freelancer varies and includes:
· Content creator
· Website designer
· Social media expert
· Virtual assistant
· E-book writing
Working on fiverr as a freelancer requires you to be versatile. The jobs listed above can be done as a freelancer in fiverr. Fiverr requires you to create an account before you start, choose a username, password etc.
Then you proceed to updating your profile and describe who you are and what you are best in. Then the next step is to create a gig. The gig you create will enable people to see you and contact you for a job.
While working on up working also requires you to find clients. In upwork, you run your own business and select clients or projects. The jobs listed above also is available on upwork. The client will pay you on the completion of each job.
Buying and Selling online
This is another form of profitable business that can be done online. Any product can be flipped online, that i because things sold online can be bought cheap and sold expensive.
Buying and selling can be done on sites like eBay, Amazon, Etsy etc. If you want to start the business of buying and selling online, you are required to have either the Amazon app, eBay app.
Whenever you see something on those respective apps that you know people will buy, you then purchase it. You can go on Amazon, eBay, Swap, Bookscouter to sell what you bought online.
This process is quite similar to mini-importation, but the difference is that you buy for people based on the request. Let’s assume that someone decides to buy an iPhoneX Max, I can help them order for it at a cheap price, and sell at a higher profit. It is a very lucrative business if you know your left from right.
I will be dropping more hints; you can visit the link below for a more detailed explanation to what I have written up there.