Top 20 best online business ideas in Nigeria
We are now in the age of internet where it’s important and paramount you have something on the internet that is bringing you money.
Just using your Mobile phone or computer for luxury and enjoyment sake isn’t a good idea because there are tons of businesses you can start online even with little or no capital.
This article will be outlining the best online business ideas in Nigeria.
Are you curious about what online business to start?
You don’t have capital and you want to make money?
You don’t know how to start your desired online business?
Stick with me to the end as I show you the way.
These are lists of online businesses you can start in Nigeria.
- Sell products on social media
- Affiliate marketing
- Crypto trading
- Forex trading
- Content writing
- Website designing
- App designing
- Digital marketing
- Online Teaching
- Manage Social Media Profile
- Online Ad Agency
- Simple task execution
- Mini importation
- Ebook selling
- Product reviews
Now let’s dive and explain what they are all about, what you need to start them and how to start them.
1. Selling products on social media
This is one of the simplest online business ideas in Nigeria and a lot of people are making it big with this.
This has a lot of advantages and profit because you don’t really need anything special to start especially if you have your product or commodity already.
Now let me explain, selling products online is just as simple as it sounds.
It’s the act of advertising your goods to people via your social media platforms and customers that have an interest will inbox you for negotiation and how to get their goods.
One major advantage of this business idea is the fact that you don’t really need a shop to display your goods.
Your goods can be right in your house while you promote them online through your WhatsApp, Facebook, Instagram, Twitter, tik tok.
One of the challenges people face in this business is how to gather an audience but this has been solved by some influencers who help sellers scrap contacts of so many people and compile them for them as files and once you install it, you have as the amount of content you subscribe for.
The only expense needed here is data and I don’t think that’s really a big expense since it’s what you do before.
You can start right away by snapping your goods and posting them with nice awesome captions with the price of those goods.
This is also one of the most common business ideas in Nigeria because of the huge amount you can make from it.
Affiliate marketing is the process where you help other people sell their products and you get your own commission from it.
The reason why people like this business so much is because it attracts no risk.
No risk of damaged goods or expired commodities because the goods won’t even pass through you at all.
All you do is find any affiliate program you like, sign up with them and get your promotional link.
You advertise the product with your link and when people purchase that good through your link, you have your own commission.
Just as simple as that though some affiliate companies will ask for a registration fee and this isn’t always so much compare to you starting the business yourself.
Is one of the most common business ideas in Nigeria these days as it allows you to do things in your own free time in as much you are following the rule and I’ll say to you, the income in blogging is unimaginable.
Blogging refers to writing, photography, and other media that’s self-published online but you can make money with this by request for ads been shown on your blog site for a particular amount.
This idea however isn’t totally free but you can start so small and later upgrade.
Post on how to get into blogging will be made very soon.
We have so many ads companies out there that are ready to pay for showing ads on your blog site.
All you have to do is set up your site to their taste and you’re good to go.
This is a term on its own that has been feeding so many people for so many years.
Essentially, a freelance job is one where a person works for themselves, rather than for a company.
While freelancers do take on contract work for companies and organizations, they are ultimately self-employed.
All you need to be part of this idea is a skill.
There are so many platforms that accept freelancers and make their works easier such as Fiverr, Upwork.
You can check out my post where I talked about how to start working on Fiverr.
5. Crypto Trading
crypto is one of the most common words you will hear every day from youths because it’s the trend of this digital age but I’m happy to tell you that you can make money from it too.
Crypto trading is the act of buying the low and selling the high at the right and appropriate time.
All you need for this idea to work is intense training on how to trade crypto to avoid the loss because it’s as dangerous as it seems.
One good and easy way to get started making profits from crypto trading is with an investment platform such as Trust Trade Fi where you can invest and get returns
6. Forex trading
This is another business idea in Nigeria that makes a lot of money for people. What is forex trading?
Forex trading is the process of speculating on currency prices to potentially make a profit.
Currencies are traded in pairs, so by exchanging one currency for another, a trader is speculating on whether one currency will rise or fall in value against the other.
This is similar to crypto trading in some ways and most people believe that if you know how to trade crypto, you will surely know to trade forex.
7. Content writing
This is another business idea in Nigeria that doesn’t require any capital.
I believe we all have the ability to create awesome content but we need to develop the skill to meet up with standards.
We have so many companies out there that are ready to hire you if you can write very good content.
Content writing includes blog writing, copywriting, and many others.
To be a good content writer, you must learn how to do extensive research and analysis because you may need to write on things you don’t know about.
8. Website designing
This is a very good business idea you can pick up as a Nigerian.
Website designing is just as it sounds. The act of creating websites for businesses and companies.
All businesses and companies have realized that their appearance on the internet is also important for the growth of their business so they all strive to have a good well built standard website.
All you need for this idea is a well-developed web designing skill and you’re good to go.
9. App development
Do you know you can make money with your app? But I won’t talk about that today.
You can also build apps for people and companies and get paid.
Checking out some stuff using browsers is somehow stressful these days and that is why we will prefer using applications this demand has to pave way for app developers.
All you need to be part of this field is a skill. Learn how to create a standard app and get started.
10. Digital marketing
It is the marketing of products or services using digital channels to reach consumers. The key objective is to promote brands through various forms of digital media.
You can be a digital marketer for businesses and companies and get paid. This doesn’t require any capital and no risk is attached also.
11. Online Teaching
I know some of some would have been part of some WhatsApp classes lately.
That’s one of the business ideas in Nigeria right now.
You can gather some set of people and teach them what you know for a little amount of money.
You don’t need to see them face to face. All you need is a WhatsApp group or Facebook group where you interact and get them engaged for the allocated time.
There’s always someone out that willing to pay a particular price for that knowledge of yours.
You may consider hiring a graphics designer who can make you a nice attractive design for advisement.
12. Manage social media
This is a weird but awesome online business idea in Nigeria right now.
This is the process where you help people manage their social media by posting frequently on it, attracting followers that can later be converted to customers.
People who hire social media managers know the advantages of social media presence in their business.
All you need to be part of this business is fluent English and the ability to do competitor research.
13. Online ads agency
This is a rare but good online business idea.
If you are the type that has so many followers on your Instagram page, a long queue of engaging contact lists on WhatsApp and so many active Facebook followers, you are fit for this.
All you do is help people advertise their goods on your page for a particular amount.
This won’t affect you in any way and you will still make lots of money.
Ecommerce, also known as electronic commerce or internet commerce, refers to the buying and selling of goods or services using the internet, and the transfer of money and data to execute these transactions.
Ecommerce is often used to refer to the sale of physical products online, but it can also describe any kind of commercial transaction that is facilitated through the internet.
Many of your friends buy stuff from Jumia, Konga, Amazon.
These are popular eCommerce websites we know but you can start yours too.
15. Simple task execution
This is actually a new online business idea that just started.
We have so many platforms online in Nigeria that will pay you for doing a simple task like following a particular Instagram page, Liking their post, and commenting.
This is a minor thing to do and get money. These are normal tasks we have been doing for free every day but this time around, we can be paid.
You can do your research and find any of those platforms. all you need to be part of this idea is a phone and active data.
Some of these websites require a Registration fee though but it’s not something too much because what you will earn is more than your investment.
16. Mini importation
This is another online business idea in Nigeria. The mini importation business is based on “buying and selling.” These goods are purchased from overseas and resold in Nigeria for profit.
You are buying products mostly in bulk and reselling at a price to make a profit.
it is essential to note the crucial equipment/tools that you’ll be needing to run your business. They are:
- Laptop or Computer and Mobile phone
- Internet access
iii. A MasterCard or VISA card
- Substantial Capital depends on your choice of goods.
- An email address
- A physical location for the delivery of goods
One of the concerns of people who venture into this business is How the Goods are Delivered but it’s very easy.
Goods are usually delivered in two ways. :
- Free shipping: This process takes longer. It takes 20-30days when use the free shipping method to have your goods delivered.
- Premium or Express Delivery: In this process, deliveries are done by external logistics companies and take within 3-5 working days to deliver goods.
Virtual Top Business is a business where a vendor tops up customers with airtime.
We are all familiar with the method of recharging our phones with a scratch card and USSD code.
For example, MTN users recharge their phones using the code *555*XXXXXX*#. Virtual Top recharges customers through digital means.
The user will automatically receive a notification that his phone has been recharged.
With as little as 5000 naira, you can start selling recharge cards, data plans, and cable subscriptions right from your mobile device or tablet.
As you grow you can expand and include cable subscriptions and electricity bills. this is one of the most profitable online business ideas in Nigeria.
Vlog posts consist of creating a video of yourself where you talk on a particular subject such as reporting or reviewing a product or an event.
This is another profitable online business idea in Nigeria. Can you imagine the amount of money being made by YouTubers?
Content creators aren’t paid by YouTube for the videos they upload. Neither are videos monetized by default.
If you want to take advantage of how to get paid on YouTube, you have to enable monetization in your YouTube account settings.
From there, you have options to join the YouTube Partner Program or have your videos listed on YouTube Premium.
First, figure out how to start a YouTube channel and make money.
You can monetize YouTube channels even without millions of subscribers.
Your earning potential isn’t determined solely by the number of subscribers and views you have, but also by the level of engagement you generate, the niche you cater to, and the revenue channels you explore.
19. Ebook selling
This is also a little bit like content writing but the difference is that you write your books only to be sold to people as digital books. Have you heard of Amazon KDP?
This is a platform that gives you the avenue to sell your books on their site while you earn your money.
This is one of the latest online business ideas in Nigeria. Are you the type that loves writing books and you want to make money from it? Try this out.
20. Product review
Product review is just as it’s sounds because all you have to do is give your opinion about a particular product or service.
This is quite simple and doesn’t require any capital.
All you have to do is do your research and pick any of the review companies that pay the right amount you want.
This is one of the best online business ideas in Nigeria.
This is the list of online businesses out there with no stress at all and all of them pay so well.
These are things you can engage in even if you have a job you do.
Having multiple sources of income should be on your mind every time because if you like it or not as a Nigerian, the cost of living increases every day drastically, and the salary paid by most companies aren’t enough to cater for the life we live.