—- and just how easy they are to get started —-
Online business ideas refer to potential ventures or concepts that can be pursued and operated primarily through the Internet. Online business is by far the easiest thing anybody can succeed in, it doesn’t require much experience, and you can learn a new skill today and start generating income with it before next week. The advent of the Internet has made everything to be Possible!
Making A LOT of money online through online business ideas in Nigeria is similar to making money anywhere else.
And like basic everyday life, you have to sell something (a product or a skill offered as a service).
The good part is you can sell practically ANYTHING you can imagine online, and still make a killing and you’ll not be restricted by the boundaries and shackles of the offline market such as location, reach, setup cost, etc.
Digital business opens the whole world to you, the whole world becomes your market, and you can stay here in Nigeria and sell products to thousands of people in the USA, and the UK without ever having to go there or pay any extra cost.
You can sit quietly in Akwa Ibom and someone in Kano, Lagos, and Anambra will buy your product. You don’t have to go open stores there and they don’t have to drive down to Akwa Ibom to buy it.
All you need is to pick an idea you can use to provide value to other people’s lives and they’ll pay you for that value.
In this post, I’m going to share with you 7 online business ideas in Nigeria that are super easy to set up and very profitable.
You can pick any service you can think of right now, build it online, and turn it into a profitable business working just a few hours every day in your bedroom.
So, without further ado, below is a list of some of the businesses exactly like that.
7 Lucrative Online Business Ideas in Nigeria
- Create your own Digital Products
- Build eCommerce Store for Clients
- Create Pitch/Training/Whiteboard/Explainer Videos
- Native Writing and Content Production
- Social Media Management
- Run a Group Coaching Program
- Start an eCommerce business
1. Create Your Own Digital Products
This is by far one of the most profitable online business ideas in Nigeria that anyone can get into, it includes creating eBooks, Video training, or software to solve a problem. For example, if you have a great strategy for “being an Alpha Male”, create a book or video training around that and start selling immediately.
If you have a method for “Whitening Dark Knuckles and Toes”, create a book or video training on it and you’ll see thousands of light-skinned women (natural or bleached) here in Nigeria who will fall head over heels to buy your product and solve their problem.
The key is to make sure that whatever you’re selling is solving a problem, that way you’ll always have a lineup of customers waiting to buy your product.
2. Build eCommerce Stores for Clients
E-commerce business is one of the most lucrative online business ideas in Nigeria to consider.
With so many people selling physical products right now and trying to get into the physical product business, you’ll have millions in potential client base to reach and set up e-commerce stores for.
The 2 biggest platforms now are Shopify and WooCommerce and the good news is you can get really incredible themes on places like www.ThemeForest.net, all you need is to install the theme, customize it with the client’s logo, etc., and add content and more.
Eventually, upload their products and redesign how the products are displayed on their store to give it a unique look, the job is mostly just drag n’ drop, save, upload kind of stuff, you don’t need to code anything, with the availability of thousands of readymade well-designed themes, you need zero technical skill.
These themes sell for just around $20 – $60 etc.
But you can charge customers as much as $300 – $2,000 for every single eCommerce store you build.
Your target audience won’t just be the international market, they’re millions of Nigerian marketers who want to run eCommerce businesses selling to Nigerian audiences, you can charge them for this setup, they’re also millions of stores (clothing stores, furniture stores, skincare/beauty shops) littered all over Nigeria as well who want to take their business online, some already have crappy looking websites/Facebook/Instagram profiles, you can charge them top dollar and get paid really well to do something so easy.
3. Create Pitch/Training/Whiteboard/Explainer Videos
Right now, the biggest name in the game for marketing is “Videos”. You’ll never see a website in the market right now without one video (except if it’s truly outdated). On Facebook, you see it everywhere. Videos are the best way to get attention and sell anything. Individual marketers, Small business owners, and companies know this.
But what you don’t know is that these same companies, marketers, and business owners (in Nigeria and internationally) pay as much as $120 (N45,000) per minute for these videos created for them.
Nigerian platforms like Orange VFX, and NaijaGoSocial are charging companies Hundreds of thousands of naira for a single 3D animated video or motion video, in fact, they’re so costly that most regular Nigerian marketers and small business owners can’t afford them.
But this is good news for you for 2 reasons:
- individual internet markets & small business owners are where the big market is, I’m talking millions of clients
- It’s very easy and cheap to make these videos and you don’t need any special skills.
In fact, it’s hard to believe that for videos people are paying $120 – $1,000 per minute when you can actually create them with simple software.
You don’t need any technical experience, all you need is to spend a little time and master this software with readymade technology for creating these kinds of videos and you can be banking millions every single month servicing your clients while stacking up the title of a Professional Video Editor or Video Production Expert as an extra perk
GoAnimate —- $39/Month (you make unlimited 3D animation videos)
Explaindio —- $69/Year (you make unlimited 2D & 3D animation, explainer, whiteboard, doodle sketch, and professional videos)
EasyVSL —- $197/Year (you make the best and most professional sales videos ever).
EasySketchPro —- $97 One-time Fee (the most robust doodle sketch, cartoon, and animation video maker)
VideoMakerFX —- $47 One-time Fee (very advanced video production and editing software with readymade elements to create super engaging videos)
Doodly —- $59/Month (the simplest to use drag n’ drop doodle sketch, cartoon, and whiteboard video creation software)
Shakr —- $99/Month (the most supported video creator for making videos for Facebook ads, YouTube ads, social media engagements, product focus)
You don’t need all of them, just find 1 or 2 that suit the kind of video services you want to offer, start using them, make kick-ass videos for your clients, and charge them big bucks.
4. Native Writing and Content Production
This is not your typical article writing or blogging/SEO stuff if you want to earn $5 – $10, good luck offering gigs to write those SEO articles for AdSense-littered blogs.
Native writing is not about keywords or SEO rankings or just content quantity.
Native writing is designed to engage an audience, get them to read the content, connect with the ideas of the content, and share the content impulsively because of the value it delivers. In fact, native writing/content thrives on referral, viral, and social media traffic because every of the content gets shared 10 – 1,000 times across social media platforms.
It’s how big publishers like Huffington Post thrive.
The best part is that native content always gets the audience to take action, maybe subscribe to an email list or buy a product without sounding salesy or pitchy. A native write-up may be talking about a memorable trip to Calabar while subtly promoting a particular hotel or restaurant in Calabar, it will come in naturally as a soft promotion, and you’ll never suspect it.
Native writers get paid $100 upwards for a single content… there’s no measure of length or target keywords, the only thing that matters is how engaging the content is, some writers charge as much as $600 per content, and the cheapest you’ll see is $50 for a single content.
Want to know more about native writing, research/Google: native advertising, native marketing?
Other than native writing, you can write Novels, Stories, Books, and eBooks for people on different topics and get paid as much as $100 – $200 for a single 20 – 40 page Book/eBook, I offered this service in my early days on Upwork (oDesk/eLance back then) to get some initial capital to invest in my other online businesses, I also did content writing.
5. Social Media Management
Do you see the influx of Nigerian small businesses and marketers with Instagram/Facebook accounts right now?
I mean think about it, just about every clothing store I walk into now is introducing me to the Instagram profile or Fan page asking me to follow them, and it’s crazy.
But not for you… in fact, for you, this is a dream come true.
95% of these small business owners and marketers don’t know what they’re doing with their IG and FB accounts, they barely have up to 100 followers/likes, their accounts are not very active, their organization is poor and they’re not getting sales from it.
So you set up a portfolio, take the Instagram account off their hands manage it, and drive insane activity to it.
I’m talking about sharing real engaging content that will get likes, go viral, and get them new followers, actively commenting, liking, reposting, and following other people in the same niche to build up their profile then actively engage their followers and make sales.
And you don’t even have to struggle trying to do everything manually, they are very powerful automation tools that can take care of most work for you.
Schedugram —- $20/Instagram account (manages all your Instagram content, schedules posts in advance for you, comes with a full feature image editor)
SproutSocial —- $99/Month (all-in-one social media marketing and management platform for Instagram, Facebook, Twitter, LinkedIn Google+)
Crowdfire —- Free to get started (grow your Instagram/Facebook followers, give you viral content daily)
Gleam —- $39/Month (run contests, sweepstakes, and go viral and collect emails of your Instagram followers)
Hootsuite —- $19/Month (all-in-one social media marketing and management platform, probably the very best).
6. Run a Group Coaching Program
Are you an expert or have great experience in wooing ladies, fixing troubled marriages, dieting and burning fat, or just about any niche? You’re a walking cash machine, my friend.
You just need a testimonial of one successful person to provide you with credibility if you’re new and you’ll blow up your fortune.
You can charge people 10,000 – 15,000 naira per month to be in your “Private training group”, you can have the private coaching group on Slack, Skype, Google+, Facebook, or WhatsApp and it’s free. In the international market…. most group coaching programs start from $99/month, very few are charging $19/Month – $27/month and that’s only when they’re beginners and trying to build that initial credibility.
All my friends run paid private coaching groups, all you need is to guide them daily/weekly and help them achieve their goals.
Having just 20 students at 10k/month is 200,000 Naira per month business, one of my friends runs a “Dieting to Lose Weight” group, he releases a custom diet plan & workout routine every month, and he’s got over 260 paying members in the group right now and it costs over 9,000 Naira ($27) per month to join so do the math.
7. Start an eCommerce business
There’s a reason building eCommerce stores for clients made this list because eCommerce is the new cash cow for retailers, small business owners, and internet marketers and it’s not restricted to the international market.
There’s a reason Konga etc. are killing it right now, it’s solid proof that even Nigerians are now shopping heavily online.
I have a lot of friends whose entire internet business is based on selling physical products online ranging from apparel to phone cases, gadgets, and skin care products and they’re all banking heavily, it’s so easy and you don’t need to rent a warehouse, shop or get bullied by those local government tax forces, you’ll do this from the comfort of your home. I have a Nigeria-based eCommerce business myself doing 500,000 – 1 million in sales per day so this is something I do myself too as part of my overall income stream, you can bet I won’t be wasting my time with it if it’s not a serious and scalable business model.
So, there you have it…
Go ahead and start something, don’t be one of those guys who gives unlimited excuses on why something will not work for them, ideas themselves don’t make you rich, you have to take action.
If you have any questions, ask in the comment section below, I will do my best to give you a concrete and more simplified answer that you can run with.
Also if you have opinions or just want to continue on the business models I did not mention, kindly do so as well in the comment section.
If you want to learn how to sell other people’s products and make tons of cash without leaving your 9-5 job or your other side hustling, then, watch this free video training by one of Nigeria’s most successful internet marketers. He just released the most advanced and comprehensive online business training program ever in Nigeria and indeed Africa.
If you want to get access to the program, go and watch the FREE training video here: www.valuecoastsolutions.com/72iG
Cheers!
