Top 10 lucrative business to start in Nigeria to make money online and offline
What you should know about Lucrative businesses.
Lucrative business is a means of making passive income aside basic or monthly salary. This is the amount you get by offering or selling products aside your main job – Occupy Naija
Lots of people engaged in lucrative business that can generate little or more amount as the case maybe while they wait for a better job offer to come their way.
However, many do all this as means to earn without basic or annual salary, Entrepreneur’s commonly fall into such category of people who partake in lucrative businesses.
Using the Nigeria economy and society as a case study, we all know how hard it is to get job and even after getting the job, the job security is not guaranteed.
More also, you will agree with me that business people make it much more than those working as employee, the analysis is that you are bringing 100% value to your employer while in return they gives you 20% to 30% of the value you make for the company for the period of a salary payout.
However, to be successful as a business person or to start a lucrative business that can be fetching you some good money online and offline, there are factors you need to consider or actualize.
Identifying the business you wish to go into
As a starter, you need to identify the business you desired to venture into. Carry out marketing survey and how your environment can influence the business positively.
How to identify business before going into them.
1: Business Availability: Business availability will help you as a starter to know if the business is already in existence or not and if it is, you can rebrand and get ready for business competition.
2: Business Competition: this is very important to observe and check, if you can also join the business competition with those already doing it or to know if it’s a monopoly business.
3: Business Capacity: It’s also important to weigh the business in order to know if you can do it alone or employ more workers to work for you.
4: Start up capital: This is the major key point of every business followed by how to I start, where to start from and whom to start with.
However, for the purpose of this article, there are still business you can do without capital and still be successful. For business to be successful takes the grace of God and not by how much you start with or where and how.
List of Lucrative businesses to start in Nigeria to make money ONLINE.
1) WhatsApp Status
You can monetize your WhatsApp by selling others products using the advantage of your WhatsApp contacts.
This is quite simple, all you need to do is to collect the samples (pictures) of the products from the vendors (those selling in your contact or any e-commerce company such as jumia) and repost with your own price.
The secret is that, if the original price is #2,000 ($4) you can sell #25,00 ($4.5) Or more and after payment, collect the buyer’s details and send to the vendor for delivery. Goodluck
Blogging is a good business that many are yet to know much about in Nigeria. with the help of Google research, you can get every information needed about blogging.
You can start blogging without capital using the free platform by Google. with just an email account you already own a blogspot blog. visit www.blogspot.com and login with your email to create a blog and also get free template. (You can contact us for more guide)
Once your blog is created start writing articles and publish, and once you have traffics you can monetize with Google AdSense and other ad network like Adsterra (Adsterra is highly recommend as Google Adsense alternative) More also, local advert and many others. Best Wishes.
YouTube is one of the highest paying platform you can see online, the video platform enable you to create a channel with just an email to post original video and get paid after monetizing.
You can start comedy videos, products review, news update, tech tutorial, how to make delicious meal, live video games, movies review, music review, gossip, preaching, mentorship and whole lots.
once you hit 1,000 subscriber who are interested in what you are doing and reach a total of 4,000 watch hours, Google will start playing you in dollars. Congratulations in advance.
4) Social Media Page Management
Lots of business owners, politicians, artist, churches, NGOs are out there looking for who to manage and grow their pages on social media for more awareness.
All you need to do is to build yourself before the opportunity will come knocking, ensure you know how to run Facebook, Instagram, TikTok and twitter ads.
Once you know all these, you will be able to manage thier business pages as they provide you content of the business, yours is to post, if there is need to sponsor you do it and above all protect the pages against hackers. You can get client using Upwork for free. See you at the top.
TikTok is another video platform where you can make videos, have lots of fun and make money. TikTok minimum payout in a day is $1,000 (#600,000.00)
Once you have 1,000 followers you can start to go live and before then ensure your audience knows you because, that is the only way they will watch u live and gift you coins in different amount.
More also, once your followers gets to 100k, gifter can start sending you gift through comment section of your post, and all these gift are what turns to dollars for you to withdraw directly to your local bank account, or other payment method such as PayPal. Try out TikTok today.
(My TikTok: @rannydcomedian. I will be teaching tech tutorial very soon, see you there)
That’s all we have for lucrative business you can jump into ONLINE and make money for yourself at the comfort of your home or break time in your office.
Meanwhile, below are some of the “Top 10 lucrative business to start in Nigeria to make money online and offline” continuation (OFFLINE.)
List of Lucrative businesses to start in Nigeria to make money OFFLINE
Baking is so easy once you have the materials or material alikes, you can do this aside your job, ensure that your client informed you a week or 2 ahead the the event you are baking for.
Ushering Job is also a good job to do aside main job since it majorly comes once in awhile and mostly weekend. You can work as usher in a big concert or wedding event, it’s all called side hustle.
You can also do part time job in some factory that pays per day or hours. Do this after work, during leave or weekend, you can consider this option to make more money. More strength
9) Home lesson
Offering home lesson for kids is another way to make money aside the normal job you are doing. Many parents needs home teacher for their kids during weekends.
Some parents literally wants it not just because the major reason to learn but also to have a good rest during the weekend after working over the week.
10) House Agent
Doing agent is another simple means to get passive income by helping tenant or those that wants to buy house achieve their aim and get commission from the property owner.
Using Lagos and other states in Nigeria, you will know the hug amount that always go for agent and commission. You too can do affiliate with the house owner by getting them tenants or buyers.
Thanks for reading till the end, Start making preparation for any of the business you think suits you. Tell all your contact on Facebook messenger, Instagram, TikTok, twitter, telegram among others about your business, they will patronize you. All the best.
(If you have any questions on “Top 10 lucrative business to start in Nigeria to make money online and offline”. Please use the comment box below)