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Posted by on Friday February 18, 2011 at 5:53:47:

There are many ways to make money in Nigeria and if you are talking about how to make money online, it adds to a growing list. If you are living in Nigeria and want to get self employed, get alternate streams of income, invest in the web industry, well making money online is quite feasible.

As I said, there are many ways to make money online and when it comes to Nigeria, not all of them work so I am going to focus only on the ways of making money online that works in Nigeria.

Get my e-book on how to make money online in Nigeria

Here are some ways to make money online that works in Nigeria:

  • Blogging
  • Web hosting
  • Offering Web designing services on sites like Guru.com
  • Google Adsense
  • Affiliate marketing
  • PPC and CPM programmes
  • Ariticle writing
  • Online surveys
  • Online Forex Trading
  • E-currency business
  • Information marketing
  • Online Consulting
  • Offering Educational resources
  • Selling airtime online
  • There are a lot more and the list is growing, you only need to think of something you can offer to Nigerians or the world at large and getting paid for it.

    Ideology behind making money online

    In order to be able to make money online, you would need to have 3 basic things:

  • A platform
  • A product
  • Payment processor
  • Now take Google adsense for example, people who publish website content with Google adsense do so in order to get credit for clicks and impressions on Google ads. Now their website is the platform, the service they are offering is ad space to Google while Google processes their payment and sends them a monthly cheque if they reach at least $100 in any month.

    Take another example of people selling informational material in the form of ebooks or videos, those are their products, the platform is the landing page where they sell the items and the payment processor is how they get paid and it could be done on their own website or on a third party website like amazon, paydotcom, ejunkie or fastecash.


    How do I receive my online income in Nigeria?

    Well this is a question a lot of people have wanted answered. The thing is that it depends on how you've setup your payment system. Some online income come as foreign cheques if you are an affiliate or agent of a foreign based company like Google or Amazon. You may cash the cheque by paying it int your domiciliary account. If you are selling to Nigerians, then you can use online payments acceptable in Nigeria such as Visa, Mastercard, Interswitch, Etranzact, VTN, fastecash or just bank deposit to make transactions.

    Conclusion: If you are really serious about doing online business in Nigeria, then you would need to invest a good amount of time and effort in setting up an automated online business that works without you being there full time. Offering virtual products or services and receiving online payments for them is a good way to start





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