List of the best profitable online business ideas in Nigeria
Over the previous years, the business strategy has changed in Nigeria and many areas of Africa. This is as a resulted of new profitable online business ideas in Nigeria which has forced many Nigerian businesses to go online.
There are so many business opportunities and startup business ideas which are viable in Nigeria and all over Africa. These business ideas and opportunities are springing up faster than ever before.
And so, you’d be so fortunate to join the entrepreneurs starting an online business in Nigeria or Africa today.
Instead of wasting time seeking and asking for the best online business ideas in Nigeria or Africa.
Here are the list of 10 profitable online business ideas in Nigeria and Africa now:
This has become one of the best and fastest growing online business ideas in Nigeria. If you are interested in a particular topic and have enough knowledge about it. And you’re also a good writer, then no worries because blogging will definitely suit you.
So setup a blog either on WordPress or Blogger and write on those very topics of your choice. Create value for your audience because that is what is important in blogging. Create a free blog now
Read Also: Top 15 Profitable Small Businesses Ideas To Start Up In 2020
You must write in a way that is compelling and understanding, so that your audience can connect with your information. Which will increase the amount of time they spend on your site.
A Quick Tip!
You can also make a lot of money from blogging by setting up a blog on WordPress or Blogger.
2). E-Book Publishing:
People go online to download hundreds of thousands of e-books and Pdf documents each day in Nigeria. People are also seeking for guides on different courses, while many others just love reading a lot of books.
And in this advance technology world, information is a great asset when implemented correctly.
You don’t even need to be a great writer or have a particular skill before you can write an e-book. All you need is to simplify your book so anybody can understand the information and get the work published.
Advertise your product and have a good market plan. Then your work will generate income from every purchase both in Nigeria, Africa or the world entirely.
3). Affiliate Marketing:
Affiliate marketing is one of the best too because you don’t need to spend any money to start it up.
What you have to do in affiliate marketing business is just to promote other people’s products and services by any means either with a website, Facebook, Instagram etc.
Read Also: How To Become A Self Made Millionaire With No Money
Each time a purchase is being made through your link, then you get paid.
So if you are trending on social media or have a website, then affiliate marketing is sure banker for you.
The more audience you have the more likely you will sell and start earning.
Here are some companies in Nigeria that seek for affiliate marketers, they are konga, Jumia etc.
But you don’t need to focus only on Nigerian Companies because Amazon, eBay are huge companies offering great commissions. Anyways the choice is yours to make.
4). E-Commerce (Electronic Commerce):
Buying and selling online is growing bigger and bigger in Nigeria than ever before. This is because many businesses going online each and every month, Nigeria’s e-commerce business market is currently exploding.
Many Nigerian businesses and individuals are generating millions of Naira each and every month from just simply running e-commerce companies. You too can jump in and scale through the sea as well.
You can start an e-commerce business at the comfort of your home without owning any single product. Just simply reselling other people’s products like books, clothing, gadgets, etc.
And with time, you can start stocking your own business or merchandise. This is absolutely one of the fastest growing online business ideas in Nigeria.
5). Advertising Network (AD Networks):
The main concept of Advertising Networks is to feature advertisers ads on websites and blogs that wants to show them. A genuine example of this online business is Google AdWords showing AdSense Ads.
People run their advertisement through google, and those Ads shows up on millions of websites at the same time.
If you have the resources, you can choose a niche idea. Then select a wide network of websites to partner with, and starting an ad network will be good for you.
6). Web Design:
With the increase of Nigerian businesses going online, many people and businesses are seeking the services and help of a professional web designer. Without a quality and good looking website, many customers may not trust what you may offer them on your website.
Because of this, there is high demand for good web designers, which in turns, leads to higher fees for them. Some web designers even earn as low as 50,000 Naira to as much as 1,000,000 Naira for a web project.
Web designing is one of the great business ideas to look into and you can start from your home in Nigeria. All you need is a good computer, and sound training to get started.
7). Online Market Place:
This is just selling your products on online stores and marketplaces like Jumia, Konga, Amazon, and so on. Selling your products on these stores and marketplaces saves you advertisement costs and marketing stress.
You can start selling your products on online stores and marketplaces from your home in Nigeria now.
8). Search Engine Optimization Services (SEO):
Due to increase in businesses going online in Nigeria, there is need for them to be seen on the web. So here, those businesses wants to get audience and the only way is through Search Engine Optimization (SEO).
This is a very tricky trade that has got many scampering around to find professionals who can really do the tricks and help them get at least to the top ten results on google search in lesser time.
Many companies pay a lot of money to SEO experts to help them rank their business website on search engines.
You can use your SEO knowledge to get any web page on the 1st page of google results. And so, this is quite a profitable business too.
9). Social Media Marketing:
Social media consultants are helping most Nigerian companies to grow their revenues by getting them extra relevant on social media. They use and employ strategies to create viral social media and pure user engagement.
Social media consultants help businesses tend to their customers on social media like family. The services they render are for the success of any business’s image on social media and the whole internet.
10). Trading Forex:
Foreign Exchange (Forex) trading has over the past years, proven to be one of a good source of income. This is a great business for many stay-at-home Nigerians, African and the whole world entirely.
When equipped and engaged with the right training, a computer, internet connection and a small startup capital, you can start growing your own revenues from Forex trading.
With all the detailed information on the top 10 profitable business ideas in Nigeria, you can choose the one that best suits your capabilities. Also tell me what you think about the 10 business ideas above in the comment section.
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