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So many Nigerians are looking for opportunities online to earn cool cash. They are constantly searching for the next successful business idea they can venture into. There are many different online businesses that you may have heard about today, but who knows which ones are genuine? Are all of them legit?
Yes, there are numerous internet businesses that people will always recommend to you, but the truth is that many of them are scams that you do not want to get involved in. Some may waste their valuable time doing nothing, while others may gather their hard-earned money while producing nothing.
Here is our take on some of the legit online business opportunities:
INTRODUCTION
Online business is the type of business that is carried out, managed, or delivers its services primarily over the internet. It is a scaleable business model that does not require a physical location. An online business is a business that can be registered or not, and it can be formal or informal. The fact that one is running an online business does not exempt it from legal requirements.
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CAN YOU MAKE A LIVING ONLINE?
The answer is capital. YES! You can make money online. In reality, given the competitive nature of our society today, the online arena is perhaps the best place to quickly succeed.
The online space has remained a promising and unexplored resource that will never be exhausted. Many people are abandoning the offline world to concentrate on their internet businesses.
One thing about an online business is that it generates money for you whether you are sleeping or awake.
WHY IS IT NECESSARY TO START AN ONLINE BUSINESS IN NIGERIA?
A legit online business model is a simple way to make passive income and to make money online in Nigeria, irrespective of whether you are a student, job seeker, or in need of a side hustle for those who are employed.
REQUIREMENTS FOR STARTING AN ONLINE BUSINESS IN NIGERIA
- A smart phone or computer
- Internet connection
- Skills and knowledge
You will also need to carefully consider the business name. After which, you will need to check their availability as a domain name. If it is available, register all domain extensions associated with the name.
Afterwards, it is time to register the business name with all relevant authorities in Nigeria, such as the Corporate Affairs Commission (CAC), the government agency responsible for registering and managing the database of legitimate companies in Nigeria.
It is also advisable to open a separate account for your business, usually a current account.
LIST OF LEGIT ONLINE BUSINESSES THAT PAYS?
If you desire to run any business online, here are a few options in Nigeria that you can explore. We have listed them in no particular order.
- Affiliate Marketing
- Web design and web development
- Blogging
- Freelancing
- E-commerce
- Content Writing
- Coaching
- Amazon KDP Publishing
- Sell your photos online.
- App development
- Graphics Design
- Dropshipping
Now let us explore them in detail.
Affiliate Marketing
If you are looking for a legit online business to start, affiliate marketing is a great option. From personal experience, I can guarantee you that affiliate marketing is a legit online business in Nigeria.
It is a commission-based arrangement in which you receive a commission from merchants for sales or leads that you direct to their website. When you sign up for an affiliate marketing programme with a merchant, you will receive a unique affiliate link as one of their recognised affiliate marketers.
With this unique link, you will be able to track your sales and leads when you place it in blogs, emails, or your social media platforms. You will then receive a referral commission for anyone who makes a purchase via your unique link.
There are various affiliate marketing platforms in Nigeria. Most of them usually provide you with all the necessary business knowledge and digital marketing
They will also provide you with essential online business assets and a dashboard to see details of all the sales, leads, and commissions you’ve made for the merchant.
We recommend that you only promote real products or services that you have personally used.
Web design and web development
This is another legit online business in Nigeria. This involves the design of websites displayed on the internet. This could be for personal or commercial purposes.
Blogging
A blog is a website that provides information by discussing useful topics. The work of a blogger is to provide solutions to the problems they identify through writing and posting related articles. What makes a great blogger is when they post articles that keep people interested in their blog.
It is important to note that the topics must be catchy. This will encourage more people to keep reading, even if it is not related to what they are searching for.
Freelancing
Freelancing is a job in which the freelancer works for different organisations, providing a particular solution. Freelancing has become very popular among many Nigerians. A freelancer earns per job or per task. These jobs could be short-term or long-term.
A freelancer enjoys the opportunity of working from home, a flexible work schedule, and a good work-life balance. With freelancing, location is not a barrier, as all that is required is an online presence for the submission of tasks.
There are various freelancing opportunities, which include video editing, copywriting, content writing, social media management, transcription, and being a virtual assistant. All you need to do is pick one and develop your skills in that area.
E-commerce business
E-commerce is a platform online that allows individuals and companies to buy and sell goods or services over the internet. This can be achieved with the use of a laptop or computer, a smartphone, or basically any smart device.
E-commerce has a lot of benefits. It helps small businesses gain access to a wider market beyond their physical reach. Thereby creating an easier and more efficient channel for distribution. It is interesting to note that people all over the world can run businesses without the need for a physical location.
E-commerce enables one to maximise resources and reduce costs incurred in running a business. This includes a physical space, paying utility bills, and employing workers.
Content Writing
This involves several types of writing, such as website content writing, blog content writing, and so on.
To succeed in this sector, you must first grasp the fundamentals of SEO (search engine optimisation). You can work as a content writer for people, agencies, or even businesses. There are a lot of opportunities in this profession.
Coaching
If you have adequate experience in any digital skill, you may organise online coaching classes and charge participants a fee to teach them.
Amazon KDP Publishing
Amazon KDP book publishing is not a recent development. However, in recent times, it has become very popular among many Nigerians and has proven very profitable.
If you’re a good writer, you can convert your pen into a cash generator. On Amazon, you can begin authoring and self-publishing books. This might be any type of book: a novel, an instructional book, a romance, and so on.
With Amazon KDP, you get to earn in dollars, and for many Nigerians, thanks to the exchange rate, this is a very lucrative business once you know your way around it.
Sell your photos online
This is usually a great opportunity for photographers and photography enthusiasts. Do you know you can make money by selling images online? This is a fantastic online business that pays without any investment.
All you need to do is hunt for online sites that support photo-selling businesses. Adobe Stock, Shutterstock, Alamy, Etsy, Fotomoto, Crestock, and others are examples. Upload photographs you have taken; interestingly, you don’t need to purchase a professional camera; these pictures can be taken with your phone.
App Development
If you are talking about high-income skills, this is one of them. This is one of the best digital skills you can turn into a profitable business, but it’s terrible that only a few people are interested in learning it. If you master this skill and are competent at it, a single project you handle online can pay you millions of naira or even dollars.
Graphics Design
This is another potential skill you can use to earn money online in Nigeria. You can start making attractive graphics for clients online with Corel Draw, Photoshop, Canva or any other relevant programme skills. You can sell your graphic design skills on sites like Fiverr and Upwork.
Dropshipping
Dropshipping entails purchasing inventory from a third party and selling it online, even if you do not have your own physical store.
CONCLUSION
Online businesses have long been recognized as one of the most profitable ventures in the digital age. There are numerous internet businesses in Nigeria nowadays; however, the challenge has always been determining which is truly legit so that one does not waste time and resources.
Despite the fact that there are many fraudulent online businesses in Nigeria nowadays, I can guarantee you that there are still some legit ones. Many people are making incredible amounts of money online nowadays; don’t let your fear of scams by online businesses keep you from trying out every new online business you come across.
We have been able to show you various legit online businesses available to you here in Nigeria. Are you in any of these businesses? Feel free to share your experiences with us in the comment section.
If you feel there are others we didn’t mention, please feel free to point them out in the comment section.
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