Do you want to step online in Nigeria and make a whole lots of money even without spending up to ₦10,000? Then, copy these online business ideas in Nigeria and watch your profit grow.
Let’s be honest, starting an online business in Nigeria requires a lot of strategic planning. You cannot wake up one morning and decide to launch your business. I bet you will fail.
Today, I want to show you 13 lucrative online business ideas in Nigeria and beyond, so you can launch your dream business and start making money almost instantly. You will also learn how to tap into any of these online business ideas in Nigeria and anywhere in the world.
What are the lucrative online business ideas in Nigeria? Let’s find out…
Lucrative online Business Ideas in Nigeria
Graphics is very important to every business. Unfortunately, most business owners do not knkow much about graphics design. And that’s a good chance to make money if you know a big deal on designing graphics.
If you are a graphics designer, other businesses will need your service to create impressive visuals for their marketing propose. That will bring you anything close to N1.5M every month if you are working with big brands.
Don’t believe me?
Here is a report from Bureau Of Labor Statistics which says that an average graphic designer makes $50,370 (N19,140,600) a year.
Well, not just anyone with a little knowledge on Corel draw and Adobe Photoshop claims to be a graphic designer. Take this awesome video course from Udemy to master the act of graphic designing and become a professional in that regard.
There are many ways to sell your graphics online. And most interestingly, you don’t even have to try hard.back to menu ↑
T-Shirt printing Business
T-Shirt printing is another lucrative online business you can start in Nigeria, especially if you have passion for fashion.
I know a lot of people think it’s very expensive to start printing T-shirts in Nigeria, but that’s not true. Anyone can start this business with as little as N20,000.
In fact, you don’t have to invest in heavy printing machines.
Internet Technology has changed, you can now print and sell your T-Shirts online without touching any material at all. I will tell you how.
Printful is a printing company that works with your online store to print and ship your T-shirt designs to your customers on your behalf.
The only investment of money needed here is the cost of hosting an ecommerce website.
You can design T-shirts with free software like Costumes Ink and place them for sale on your ecommerce website.
Once a customer makes a purchase, you send their orders to the company who will now print the design and ship to your customers.
It’s really that easy.
T-shirt printing as an evergreen business model because fashion is not going away any time soon. However, you should expect some level of competition.back to menu ↑
Dropshipping is a kind of ecommerce that allows you to resell other peoples products directly on your ecommerce website without having to buy them first.
This is one of the most lucrative online business ideas in Nigeria and beyond. It does not require much capital to start up – as little as ₦50,000 can get you started.
Even top ecommerce stores in Nigeria such as Jumia and Konga does dropshipping. And they are making more money with it.
For example, when you are viewing products on Jumia, you may come across products with “shipped from overseas” label.
When you checkout on those products, jumia will collect the payment, take their own cut and send the remaining money together with your shipping details to the supplier who will now ship the product to you. – That’s dropshipping!
Anyone in Nigeria can start a dropshipping business right now. You only need a functioning ecommerce website where you will display products, and a payment gateway to be able to receive payments anywhere in the world.
One thing I like about this dropshipping thing is that you make your money even before the order is fulfilled.
Here is how it works:
You (The Drop shipper) adds a product from popular ecommerce sites like Amazon and Aliexpress on your own site. A customer lands on your site, buys the product and pay you the money.
If for example, Amazon is selling that product for $200 and gives you a discount of $10 as a drop shipper, you may decide to sell that product for $210 on your ecommerce website and make profit of $20.
You will only pay Amazon $190 and bank $20 for each product you sold.
What’s more? You don’t even have to worry about fulfillment of order as Amazon takes care of everything, and even make sure the package gets to the right person.back to menu ↑
Still looking for other lucrative online business ideas in Nigeria? Consider Affiliate Marketing.
To be honest, one of the best easy ways to make money online is by selling other people’s products and services (Affiliate marketing).
Affiliate marketing is an online business model that requires you to sell another person’s product to make a profit (Commission). For example, you can take part in JVZoo affiliate programme and earn money anytime your affiliate link generates a qualifying sale.
In fact, there is absolutely no investment of money in starting an affiliate marketing business in Nigeria. All you need is a Blog and active email list.
Affiliate marketing is the easiest to start in our list, and yet one of the most lucrative online business Idea in Nigeria.
It is even one of the ways I monetize this blog.
If you are an affiliate marketer, there is endless opportunities to make money online. You only need to keep promoting a product and make money anytime someone buys them.
Sounds good, right?
Don’t even jump into affiliate marketing without reading this e-book.
Some affiliate marketers including Missy Ward and Martin Osborn are making over $120,000 monthly.back to menu ↑
Freelance writing business
Freelancing is a very lucrative online business opportunity in Nigeria that anyone can step into and live a better life.
It doesn’t really require any start-up capital as well. You only need to spend few hours with your pen and pepper, and probably a dictionary by your side.
You don’t even have to be a professional writer to make money in Nigeria as a freelance writer.
In fact, if you can write something a primary school pupil can read, you are good to go.
Articles are in high demand these days. Online magazines and other businesses are spending a reasonable amount of money sourcing out article copy for their website.
How much can you make?
According to Bureal of Labour satistics, Freelace writters make, on average, $61,820 annually. That’s about $30/hour.
You can also use Fiverr to get more freelance writing gigs.
There are even some websites that can pay you $200 – $750 per article you publish on their site. Just conduct a search on Google and find more opportunities to make money as a freelance writer.
NB: You can also write for us. Read our submission guideback to menu ↑
Hope you already know that bloggers are rich? Yes, that’s true, especially if you are blogging for profit.
Blogging is one of the most lucrative online business ideas in Nigeria and beyond. You don’t even need to learn a new skill – just start blogging on any topic you already know, trust me, there are people willing to read them.
You cab start a blog in Nigeria with less than ₦5000 per year and start making your own money.
Starting a blog usually take three steps:
- Find your Niche
- Register a domain
- Get a hosting plan
And it usually take less than 45 minutes.
There are many ways to make money blogging, and you can combine different monetization methods to make even more profit.
For example, you can place ads from Google on your blog and also promote affiliate offers to your audience to earn more money.
Do you want to start a blog right now?
Don’t be in a hurry, my friend.
So many people who started blogging last year did not continue this year because their blog could not generate revenue.
Statistics shows that 95% of bloggers quite their blogs after first year.
Chances are you may also thrash your blog if you start without reading this e-book.
Kindle Direct Publishing
You can also start publishing e-book on Amazon Kindle platform and make a full-time income.
Gone are the days when you have to invest thousands of dollars or even go through the stress of working with traditional publishing platforms to publish a book. You can do it right now, on your bedroom, without paying for it.
Amazon Kindle Direct Publishing (KDP) is a very lucrative online business idea in Nigeria that requires no start-up capital at all.
In fact, anyone with an internet connection can author a book on Amazon right now and make money while they sell.
If your book is good enough, people will buy them you don’t even need to run a promotion, because people trust Amazon enough to buy from them.
On top of that, Amazon will keep promoting your book on top of its category page if it get more sales. That means your book will continue to sell and you continue to make more money while it sells.
Self-publishing on Amazon can bring you close to ₦1 million a month if you do it right.
If you want a step-by-step guide on how to self-publish on Amazon, Read about it here.back to menu ↑
Online Coaching Business
Online Coaching is a kind of online business where you use your expertise and guidance to help people transform their lives.
This is something almost everybody can do because there is always an area in our lives where we know better.
For example, if you know a good deal on how to stay fit and look healthy, you can use your knowledge to train others who want to stay fit.
Online coaches are earning between $33,000 and $71,000 yearly. (source)
My favorite Nigerian Coach is Joe Okoro who teaches How to make money blogging. And he is a 7-Figures Nigerian Entrepreneur.
There is coaching opportunity in almost every Niche.back to menu ↑
Ecommerce is a multi-trillion dollar company and anyone can get involved.
If you have anything to sell (Digital product or physical product), setting up an ecommerce website is a great move.
Even though ecommerce is quite expensive, especially for product launch and warehouse space, it is still very profitable.
Even, you can also start an ecommerce without launching a product or renting a space. I will show you how.
It is called Dropshipping. We have discussed that earlier.
Ecommerce is one of the most lucrative online business ideas in Nigeria and the whole world at large.
You only need to launch a product (if you have any product idea) or find supplier to work with (If you are not ready to launch a product) and create an ecommerce website to start selling.
If you spend a reasonable amount of time promoting your brand and products, your ecommerce site should be bringing in close to NGN1 billion yearly.
Do you doubt it?
Look at this report from Technext that shows how Jumia processed 26.5 million orders and generated #63.6 billion in revenue.
Of course you can say Jumia is a well established brand, you cant compare their success to that of someone who just started out.
Which is particularly true.
Still yet. We all know the history behind slot.ng. one of the leading ecommerce websites in Nigeria.
The truth is anyone can start an ecommerce website in Nigeria and succeed. You may not even have to launch it in a big way like Jumia and Konga. You can add an ecommerce function to your WordPress website and start selling your products just as we are doing here.back to menu ↑
Online Video Courses/Training Business
Believe it or not, e-learning is gaining popularity year after year due to the fact that obtaining a degree in a university is relatively high.
A study found that the average tuition and other fees in a private institute is around ₦700,000 and expected to grow higher by 2023.
That’s already a lot of money. And there is no sign of dropping. Which is why online courses are getting more popular.
You can create an online course in jut any topic, and trust me, you will be glad you did.
In fact, if you are looking for online business ideas in Nigeria where you will not invest up to ₦10,000 and expect profit of over ₦1,000,000 each month, then you have to give it a try.
Investing in education is an emerging trend for both young people and old ones. Online education even made the whole thing sexy.
For example, instead of someone to go through the university to learn a French, he/she can easily pay for an online French class (which is cheaper) and start learning French from home.
You can create a text-based, Video-based or audio-based online course and publish them where people will buy them over and over again.
There are even some good online marketplaces where you can easily sell your courses if you don’t own a website.back to menu ↑
Next in our list of lucrative online business ideas in Nigeria is web design because businesses in Nigeria has now realized the importance of having a website.
If you are a website designer, you have a good chance of making money online because churches and other businesses will need your service to design and host their websites.
There are many online courses of web designing if you don’t already know how to build a website. You don’t even need to learn how to code a website from scratch because there are many website builders out there such as WordPress, WIX, Joomla, etc.
Becoming a web designer is super easy if you take this awesome video course from Udemyback to menu ↑
Do you love cameras? Then here is a huge opportunity for you to make money online as a YouTuber.
According to Alexa, YouTube is the 3rd most visited website in Nigeria, getting over 2 billion users monthly. And generating $15.4 billion yearly revenue.
You can start a YouTube channel as an online business in Nigeria if you are not shy on Camera, and make a full time income.
Starting a YouTube channel is 100% free. You don’t even need to invest in expensive cameras. If your smartphone camera is bright, you can use it to record your videos. Though you will need to buy a microphone to record your clear voice and also a tripod stand to stabilize your phone.back to menu ↑
Social Media Marketing Agency
Are you active on social Medias? Then you can turn your activities (liking pictures on Facebook and Instagram) into full-time income generator.
SMMA is a big deal. It can fetch you a lot of money.
Most businesses in Nigeria don’t even have a social media account. And you can use that as an online business opportunity In Nigeria.
As a social media marketing agency, you can approach those businesses and discuss with them. Tell them the importance of getting there business out there on the social media.
If you win, they will hire you to manage their social media marketing campaigns on their behalf.
Social media marketing Agency is one of the lucrative online business ideas in Nigeria that most people don’t even know.
Honestly, if you succeed in getting 10 clients, and each agrees to pay you ₦20,000 monthly, you are roughly making ₦200,000 monthly just being active on social media.
The best part? You can do this anywhere in the world. So it doesn’t matter if you are a traveler. Again, you can still have other business running.
Anyone can be a SMM Agency. The only criterion is that you should know how to influence others on social media and also, you should be very strategic in engaging customers.