Best Ways to Make Money Online in Nigeria

20 Best Ways to make money online in Nigeria

In Nigeria, you can experiment with different skills and earn money online. Here are tested and trusted ways for individuals in need of information on how to make money from home.

Copy trading

Copy trading is among the easiest ways to make money in Nigeria, and it does not require you to have any trading skills or expertise. In copy trading, a trader copies the trades of experienced and successful traders through a dedicated copy trading platform or app like RoboForex.

Copy trading is a great way to make money online in Nigeria, as it gives you the leisure to invest in other online businesses. Since you are not the expert trader creating the trading strategies, you will have the time to research other opportunities.

Even though it's the ideal option for a beginner trader, risks are involved, and it requires an investment to turn a profit. Again, you run the risk of losing your money if you don't thoroughly research the copy trading service and the trader you're copying.

The choice to automatically copy the trades of various traders using various trading methodologies puts you at their mercy. So you must ensure that you are making the right choice.

Notably, the level of risk you are willing to take determines how much money you can make from copy trading.

Copywriting

Consider copywriting if you're serious about learning how to make money online in Nigeria. Many Nigerians can benefit from this popular skill if the required steps and knowledge are obtained. As a copywriter, it is your responsibility to conduct research, write, and sometimes publish written materials about the services the client is offering.

You'll need to use a few online job-hunting portals, including Upwork, freelancer.com, Fiverr, LinkedIn, etc., to find these positions. And interestingly, copywriting is among the skills you need to learn when considering how to make money online in Nigeria without an initial investment.

Because there are so many competitors in the industry, copywriting challenges arise when attempting to connect with clients for the first time. But if you have the expertise, you can be sure of retaining any clients.

You may not be earning much at first, but as you develop and learn more, you may eventually be able to earn anywhere from $200 to 8,000 dollars or even more. Also, keep in mind that working independently and from home only requires a smart device with an internet connection.

SEO expert

Another top in-demand skill online is SEO, which is why it is among the top picks when learning how to make money online in Nigeria. A website or web page must receive high quality and quantity of website traffic; this is your responsibility as an SEO expert. The need for an SEO expert's services is undeniable, given the millions of websites competing to rank highly in search results.

For those who are analytical, this is a fantastic freelancing opportunity. If you want to use this skill to make money online in Nigeria, the challenge is that you need to be a little tech-savvy and analytical. Earnings range from $50 to $75 per hour or more.

Teaching English

English teaching is another easy way to earn money online in Nigeria. By producing online learning resources, you can make money off of your English proficiency. You can do this virtually by holding one-on-one tutoring sessions or hosting Webinars.

Potential English teachers can connect with students through websites like TeacherOn. While teaching English online is among the easy ways to make money in Nigeria, you might encounter network challenges during classes. However, you can regulate this by ensuring you are using the network service provider most appropriate for your location.

You can make as much as 15 to 20 dollars per hour.

Google Ads Specialist

If you have the skill to convert Google AdWords for clients' websites, you can make money online in Nigeria. By running ads on Google, you assist individuals in promoting their company names, goods, and services.

You need to understand SEO, blogging, and Google AdWords to work online as a Google AdWords specialist in Nigeria. You'll be ready to conduct keyword research and analysis, A/B test ad copy, and implement conversion tracking and analytics to determine ROI. Even though your job will be to assist in increasing business sales and revenue, you can still make up to $30.00/hour.

Forex trading

Forex trading, which has to do with exchanging currencies, is a top way to make money online in Nigeria. Due to their role as a liaison between you and the Forex markets, brokers like RoboForex are crucial.

Similar to cryptocurrencies, the Forex market is very unpredictable. And you risk losing your money if you don't have the necessary trading skills and knowledge. So while Forex trading is among the easy ways to make money in Nigeria, always consider the risk involved.

The amount you trade with will determine how much money you can make from Forex trading. For instance, a $100 investment could result in a profit of between $13 and $25 per month.

Funded trading accounts

Funded trading is a top choice if you're wondering how to make money online in Nigeria without spending any money. However, you must pass the testing stage, where the business assesses your aptitude for trading the financial market. If you succeed, the company provides you with the resources, buying power, and leverage you need to succeed in the financial market.

The evaluation or testing phase will cost you a small sum of money, but if you are successful, you will recover your costs.

Affiliate marketing

Affiliate marketing is among the best options to consider if you want to know how to make money online in Nigeria. And you can earn up to $2,000 to $5,000 monthly.

In affiliate marketing, your assignment is to promote brands on social media platforms or private blog sites. You receive a commission for promoting retail goods, software, apps, and more if someone clicks on the partner site and purchases something.

You can apply to affiliate programs for well-known Nigerian brands like Konga and Jumia if you have a strong online presence on social media or even if you have a blog or website.

Forex affiliate programs are one of the more well-liked forms of affiliate marketing. Here, traders refer other traders to a particular broker. This pays significantly more than what you might make working for shopping brands.

Property listing on websites

The real estate sector is among the most well-liked and dependable businesses where you can make money in Nigeria. Making money in Nigeria is even easier by bringing this real estate venture into the digital sphere.

On real estate listing websites like Tolet, Jumia House, etc., your task is to list available properties in a particular area. You can quickly earn an agency fee by listing available properties in your area. Depending on the listing broker you select, you need to sign up as an agent and accept the conditions and commissions you receive for each sale.

To find and capture properties to list, you need to travel around your neighborhood and beyond with a good image-capturing device.

Investing in crypto

Nigeria is one of the nations that is elevating cryptocurrency investments and turning them into a well-liked source of income.

Investing in cryptocurrencies is simple, but you must do your homework on the coins and brokers you plan to use. ByBit and Binance are two independent cryptocurrency exchanges you can trust. In addition to providing better investment programs and bigger crypto bonuses, ByBit offers a better fee structure than Binance. Binance offers better support and educational resources, giving traders more ways to access and deposit their money.

You risk losing your investments if you are not careful because cryptocurrencies are so unstable. The upside is that investing in cryptocurrencies has enormous earning potential, which is also influenced by the amount of money you put into the venture.

So if you are comparing options on how to make money online in Nigeria, investing in crypto is a great option.

Write ebooks

When learning how to make money online in Nigeria, writing ebooks is at the top of the list if you love writing and educating individuals. Once you are certain of your target audience and the knowledge base you want to use for your ebook, you can start writing it.

You must understand that because you can sell your ebooks on platforms to a range of customers globally, they won't just be read by people in Nigeria. You could generate a side income by hosting your ebook on these platforms for a small fee.

Although the cost of an eBook can vary, the retailer (your publishing platform) will keep a portion of each sale. Although you have complete control over the price of your book, market competition, length, and critical acclaim will all have an impact.

Amazon is a popular option and the most extensive website for buying and selling digital books. A self-published ebook on Amazon can earn you more than $1,000 per month.

Proofreading

Proofreading online is another easy way to make money in Nigeria. College students, working adults, and parents staying at home can all benefit from this as a side business. It is among the best streams of passive income, but it requires a sharp eye for detail and a good understanding of the content.

Indeed, there is a high demand for proofreaders because written documents are produced across all industries and must be accurate and professional. Proofreaders catch spelling, grammar, formatting, and punctuation errors. They also recognize errors such as sentences that are accidentally repeated or omitted, headlines that are not bold, or documents that lack the date.

Expect to make between $12 and $30 per hour since you are not limited to working online for only Nigerian clients.

Transcription

Transcription is another crucial job you can do online to make money in Nigeria. It is one of the coolest ways to make money online. It requires you to be both a good listener and a fast typist.

Ensure your language skills are polished and your grammar and spelling are impeccable to get the most out of this side hustle. You can also get the written version of this audio using transcription tools and applications.

On websites like TranscribeMe, you can transcribe 2-4 minute audio clips in any language you are proficient in and earn $15 to $25 per hour.

Translating other languages

Speaking more than one language is advantageous in Nigeria because you can easily make a living by translating documents for clients into another language. It is among the most discussed skills when you inquire about how to make money online in Nigeria.

If you are a native speaker of languages such as Chinese, French, or German, you can make a living by simply translating for clients on freelancing websites.

You can also look into joint ventures with translation agencies if you're searching for long-term relationships. You can do this part-time side job while you're free and make $15 to $25 per hour.

Start a podcast

If you can start a podcast and create content for viewers worldwide, you could earn money online from Nigeria. A podcaster with 10,000 downloads can make between $300 and $5,000 per episode from affiliate sales, advertising, sponsorships, and paid subscriptions.

The challenge with this online revenue stream is that setting up a podcast studio may be expensive.

However, you can start with more affordable gear, which could cost you between $350 and $400. If you don't have the money, you can start by downloading a podcasting app from the Google Play Store.

Video editing

Video editing is another easy way to make money in Nigeria. For the creation of motion graphics, how-to videos, etc., many startups and influencers are looking for freelancers. So, if you have experience editing videos, you can make presentations for clients—promotional, instructional, and training videos.

When learning how to make money online in Nigeria, video editing is among the high-paying jobs, but it can be an overwhelming skill to learn. It requires a combination of technical and artistic abilities, but the rewards are great. Depending on your experience, you can make between $26 and $150 per hour as a freelance video editor in Nigeria.

Become a Web designer

If you can go through the technical process and training on how to build websites and develop software and apps, you will make money online in Nigeria.

Web designing can be complex because you must ensure the website attracts and engages human users. So, if you can work with tight deadlines and under pressure while balancing client needs and personal design preferences, you can excel in this profession.

You can earn between $25 and $150 per hour while residing in Nigeria, though these rates change depending on your level of experience and design specialization. More skilled web designers typically bill between $65 and $150 per hour.

Instagram influencer

Instagram is among the popular social apps used by most Nigerians. Becoming an Instagram influencer is among the skills you find when searching for how to make money online in Nigeria.

Since companies hire Instagram influencers to market their brands and products, monetizing your Instagram page is an additional way to make money online.

It can be difficult for most users to reach the required 1000–10,000 Instagram followers. But if you are successful, you could make between $1,000 and $1,500 monthly.

Utilizing a marketing network like Open Influencer or Aspire will also help you connect with these customers. Some of these clients might instead contact you if you have a large audience.

Become a YouTuber

Uploading videos to YouTube and monetizing them is another way to earn money online. If you want to know how to make money fast in Nigeria, starting a YouTube channel where you share videos is a great option. The challenge with this profession is convincing viewers to subscribe to your YouTube channel.

You can start a channel on a specific subject (a "niche"), produce engaging videos, and encourage viewers to view, comment, like, and subscribe. If you're a comedian, record skits and upload them; if you're an expert in mathematics, solve challenging equations live on your channel.

The monthly income of a YouTuber with one million subscribers ranges from $54,600 to $60,000 per year. Additionally, you can make money by hosting advertisements on your videos, accepting brand sponsorships, and earning affiliate commissions from sales of the products you've reviewed.

How to make money from home in Nigeria- Top 5 tips

While you learn how to make money online in Nigeria, there are other things you must prepare for as well.

How much can I make in Nigeria online?

With the right skills, a Nigerian can make between $50 and $100 daily by playing blockchain games, copy trading, copywriting, affiliate marketing, blogging, or vlogging.

What is the easiest way to make money in Nigeria?

It depends on your skills. If you are good at English writing, copywriting might be a good option. If you have a talent for teaching languages, then English teaching is for you.

Among the listed investment options on how to make money online in Nigeria in this article, copy trading is the easiest. Although it requires minimal effort, it is up to you to decide which broker and trader to copy trading strategies from. Also, you need at least $10-$100 for your initial investment.

Is making money online risky?

In general, it is advised that you exercise caution when engaging in any online financial activity. When you work from home, you frequently share financial and personal information, which increases your risk of identity theft. So making money online can be risky, with investing and trading carrying more financial risk and more opportunities to earn. Copywriting can be considered a safe form of income.

How to make money online in Nigeria without spending a dime

You need a reliable internet-capable device, like a computer or smartphone, to work online. You must always pay for data to connect to the internet, so this is the main area where you spend funds to make money online in Nigeria.

Once you have these tools, you can make money online in Nigeria without spending a penny. This is possible by partaking in tasks like copywriting, copy trading, and others that require nothing more than the tools mentioned above.

Additionally, you can sign up for some lucrative affiliate programs, choose a product, research low-competition buyer's keywords, and produce original, high-quality content. Incorporate affiliate links into your content and post it to various niches using theme-pasting.

Best Forex brokers in Nigeria

RoboForex

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RoboForex is a top Forex and CFD broker offering a wide choice of earning opportunities. Novice traders can copy the signals of professionals automatically. For professional traders, the broker offers a Forex bot constructor and individual trading in the Forex, stock and cryptocurrency markets.

IC Markets

IC Markets Review

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Up to 75.93% of the broker’s non-professional clients incur losses when trading CFDs.

IC Markets Trading Company was founded in 2007 in Sydney, Australia. The broker is licensed under the Australian Financial Services License (AFSL) and the Australian Securities and Investment Commission (ASIC). The broker is also a member of the Australian Financial Complaint Authority (AFCA), the governing body that sets the industry standard for the resolution of disputes between consumers and financial service providers, and regularly undertakes audits.

PocketOption

Pocket Option Review

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Pocketoption was launched in 2017. The company has a team of professional traders, as well as IT and FinTech experts. The broker gives its clients access to trade currency pairs, commodities, stocks, cryptocurrencies, and indices. Pocket Option provides its clients with access to more than 100 global trading assets. To operate in the financial markets, the company has developed its own unique trading platform. In addition, Pocket Option clients can trade in MT5. The broker’s service is available in more than 95 countries and regions globally.

PocketOptions top priority is the high quality of customer service, constant improvement of trading technologies, and financial innovations. The broker also offers profitable bonus programs.