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7 Profitable Online Businesses For Nigerians
So in this article we shall be providing a list of 7 profitable online businesses available for Nigerians.
The e-commerce industry is presently one of the biggest industry in the world, generating billion of dollar in fortune. The industry is not only one of the most profitable but also provides a lot of benefits in comparison to physical businesses as well as room for flexibility. So in this article we shall be providing a list of 7 profitable online businesses for Nigerians. These are businesses you can do from the comfort of your home, with little to zero capital. So without any further ado, here are 7 profitable online businesses for Nigerians
1. Affiliate Marketing
Affiliate marketing is a model in which third-party publishers promote a merchant’s goods or services and receive a percentage of the sales or web traffic. It is a form of marketing that is a commission-based arrangement where you receive a commission from merchants for sales or leads that you direct to their website also it’s a legitimate online business in Nigeria.
However Using this unique tracking link, which you can place on your blog, email, social media, direct interested persons to the merchant’s website. You then get a referral commission every time someone buys after clicking your link on social media. Google ads can also be used to get traffic to your affiliate website to increase your chance of getting extra income through your affiliate links.
2. Blogging
Blogging is another profitable online business for Nigeria. A blog is an online diary or journal updated regularly in chronological order by a person or group that focuses on news or views, As a freelance writer, your blog’s content must not be intimate or scandalous. It can be corporate, educational, and entertaining. But the crucial thing is you must have a powerful passion for the topic you wish to blog about. However, one intending to go into blogging should know that there are criteria that need to be met before the blog can be profitable. for every online business there are steps to be taken so has to enhance the growth of the business.
There are some trusted blogging tips you need to follow to create a profitable blog and become an earning blogger, which are, choosing the correct blogging niche, Working on the correct keywords, working with the correct mindset, and Understanding the ins and outs of SEO content writing. For your blog to thrive on your freelance site, you must update it regularly with great content valuable to your visitors.
3. Forex Trade and Stocks
Forex trading is the process of buying one currency and selling another to make a profit from the trade while Stock trading involves buying and selling shares of publicly traded companies on stock exchanges. most people see currency trading (also known as FOREX) and investment as a very risky business to start. Even though this statement is true if you start small and invest your time into researching you will gain knowledge and experience that might just bring in the rewards you’re after.
Unlike Forex, Stock exchanges provide a transparent, regulated, and convenient marketplace for buyers to conduct business with sellers. The stock market is immensely popular, but it is exceeded in size by the Forex market, which is the largest financial market in the world. Recently the internet has made things easier. You can start trading forex or stocks by sitting in front of your computer in the comfort of your bedroom with a glass of cold juice or wine.
4. Web Design/Development
Another profitable online business for Nigerians is web design. Web design governs everything involved with the visual aesthetics and usability of a website—color scheme, layout, information flow, and everything else related to the visual aspects of the UI/UX user interface and user experience. Web design, as the name implies, is the design and graphic elements of a website that you see on the front end. Different business enterprises both private and public organizations are now using tools such as online surveys and e-commerce websites to promote their brand and business personalities.
If you learn to use standard design tools and build excellent websites, you are in for a pleasant business or dream job. To be successful, you need to know how to design professional websites, create web graphics, build web pages, and upload web pages to the server. Another valuable digital skill related to web design and website development that is awesome for online businesses is mobile app design/development because most mobile phone users spend their time on apps.
5. Instagram Influencer
Instagram is a highly visual social media channel and therefore is in many ways the perfect medium for brands to tell their story using influencers. Influencers are Instagram users who have established credibility and an audience who can persuade others by their trustworthiness and authenticity. Becoming an influencer on Instagram is not an easy task except for well-known celebrities who have already built a huge following outside social media. Not all Instagram influencers are celebrities though, some of them have worked so hard by creating short video clips that capture the attention of an audience.
An Instagram influencer has the power to affect the purchasing decisions of others because of his or her authority, knowledge, position, or relationship with his or her audience, a following in a distinct niche, with whom they actively engage. The size of the following depends on the size of his/her topic of the niche Influencers make money in different ways like sponsored posts and advertisements from top brands, affiliate marketing, and selling their products.
6. Digital Marketing
Digital marketing is the component of marketing that uses the Internet and online-based digital technologies such as desktop computers, mobile phones, and other digital media and platforms to promote products and services. Its development during the 1990s and 2000s changed the way brands and businesses use technology for marketing. As digital platforms became increasingly incorporated into marketing plans and everyday life.
Since the start of the pandemic, there has been an increase in the number of people asking me how they can engage in e-commerce business or digital marketing. There are loads of online courses on digital marketing that you can take, and some courses are free. These courses in digital marketing are also helpful for those looking to pivot from their current careers into digital marketing.
7. Content Marketing
Content writing is the process of planning, writing, and publishing written material, such as articles, blog posts, product descriptions, and marketing copy, that is intended for online consumption. It’s also the practice of creating and distributing content that is entertaining, informative, and helpful to potential customers.
Content marketing is simply the action of strategizing, creating, optimizing, and distributing digital and web materials with the intent to get a potential customer to take a desired action. Examples of content writing include web articles, Website copy, Email copy, Podcasts, Infographics, Images and videos, etc.