The digital age has provided opportunities for those who would like to boost their income with online businesses that pay daily. According to statistics, online businesses are projected to generate over 8.1 trillion dollars by 2026.
In today’s economy, where the cost of living keeps increasing, fuel price has tripled, and the prices of goods have doubled, having another source of income is important. While the Government has setup alleviation funds to ease the present times, this tried to offer With fuel prices soaring and government assistance limited to a select few, it’s essential to capitalize on the opportunities the internet presents.
Starting an online business requires minimal resources – just a computer or mobile device, an internet connection, and a valid email address. Infact, many of these online businesses do not need any startup capital.
While any online business can be beneficial, those that pay daily are particularly beneficial as they help to support the economy situation. We have compiled a list of 10 online businesses that pay daily with simple steps to help you get started.
List of Online Businesses That Pay Daily
- Blogging
- Freelancing
- Stock trading
- Social media influencer marketing
- Affiliate marketing
- Forex trading
- Vlogging
- Online Tutoring
- Selling eBooks
- Selling goods
- Online Course
- Dropshipping
1. Blogging
Blogging is a creative outlet and a daily income stream in Nigeria’s digital environment. You can create a blog and earn money online if you have a creative writing style and a clear vision. You should handle your blog as a business to get the most out of it.
Bloggers who are successful are aware of the commercial side of blogging. Blogging is more than simply a platform; it’s a means of gaining consistent income for your bank account and financial growth. Nigerian bloggers like Linda Ikeji of Linda Ikeji Blog and Damilola Odufuwa of Miss Petite Nigeria have found success in this sector.
How to start a blogging business:
1. Choose a niche and set up a professional blog. You can start with a free WordPress blog or blogger.
2. Publish high-quality, unique posts on a schedule
3. Promote the blog on social media to grow the audience
4. Monetize through multiple strategies like ads, affiliates, AdSense, etc.
5. Continuously improve content and diversify revenue streams.
Your earnings as a blogger depend on how popular your blog becomes. It’s not just about making money; it’s also about building a brand. Even if you are a student, you can start blogging and potentially earn ₦2,000 or more every day.
2. Freelancing
You can start a successful freelance profession and make money online every day. Whether you’re skilled in writing, SEO, web design, or graphics, there are plenty of ways to earn money by freelancing. The digital age makes freelancing accessible to a wide range of skill levels and easy to begin started with. Clients in need of particular expertise are connected to freelancers through platforms such as Upwork and Fiverr.
You can look through open positions, seize chances, and join the community of independent contractors. One quick and easy way to make money online in the digital age is through freelancing. Starting a freelancing business is now simpler than ever thanks to internet platforms. Freelancing is a daily endeavour that fits with your interests and talents, not merely a means of making money online.
How to Get Started
- Choose a niche: A niche is a part of a big market that can be defined by its specific needs, preferences, or identity that makes it unique from the market at large. The best option is to choose a lucrative speciality but ensure it aligns with your abilities. If your skills don’t fit your chosen speciality, you can also take some time to refine them.
- Become a member of a freelance marketplace.
- If you are working as a freelancer, you need to get the various equipment to make your work go well and make your money. You should also get relevant software like Grammarly or Figma.
- Advertise your events on your social media accounts and groups.
- Choose the services you want to provide in light of the many existing needs.
3. Stock Trading
Instead of profiting from the currency market, stock trading involves the buying and the selling of shares of a publicly traded corporation.
Stock trading generally refers to any buying and selling of stock but is popularly used to refer to shorter-term investments made by active investors.
How to Get Started
Here is how you can start a stock trading business:
- Research on the stock market: Take research on the stock market. It is either you read books, or you can use YouTube or anything of your choice.
- Choose a stockbroker or trading platform: Stockbrokers are industry professionals who buy and sell stocks on behalf of traders. To begin trading stocks in Nigeria, you can also use platforms like Bamboo; the ideal one will depend on the requirements and your level of expertise.
4. Social Media Influencer Marketing
Social media influencers are people who many others follow online because of their popularity and knowledge about certain topics.
This business is a great way to make money, requiring no capital to start. It involves more than just putting ads—it also consists of gaining a following and producing content.
Whether you choose to become a food-related social media influencer like our popular Guinness world record breaker, Hilda Baci or create tech-related content like Miss Techy, social media can be a profitable way to earn money.
As a social media influencer, you’ll collaborate with brands and individuals to convince your audience to take specific actions. It’s similar to affiliate marketing, but you may receive an upfront payment for your work. Develop a sound approach to achieve the best outcomes.
How to Get Started
This is how you can start being a social media influencer.
1. Select a niche: Make sure the niche you pick is the one you will understand and the one so easy to build an audience.
2. Create a social media account: You can create an account.
3. Choose a suitable social media platform: you can use TikTok, Instagram or anything. The choice is left to you.
Companies also check certain things before they approach you, which you will examine.
- They will check if you align with their brand values.
- Additionally, they look at how well your readers interact with your material.
- They want to know how frequently you post.
5. Affiliate Marketing
With affiliate marketing, you promote other companies’ products and services and make a commission whenever someone buys through your link. There are thousands of affiliate programs out there across all different niches. Many programs will pay you daily for sales you generate.
When someone buys something using your link, you earn a commission. Many successful Nigerian bloggers make money online by participating in affiliate marketing programs.
How to Get Started
1. Pick a specific group of people you want to sell products to as an affiliate marketer.
2. Find a platform like social media, blogs, or newsletters that your target audience uses and can easily access.
3. Partner with an affiliate program that promotes products your target audience would like and matches your expertise.
4. Create excellent content that your audience will enjoy, like videos, articles, or comics.
5. Make sure that many people click on the affiliate links in your content to increase your earnings as an affiliate marketer.
6. Forex Trading
Forex trading also means foreign exchange, which is the process of changing one currency into another for various reasons, usually for commerce, trading, or tourism.
It involves trading different national currencies against each other in a global marketplace. The Forex market is huge, with over $2 quadrillion in value and $7 trillion traded daily. Forex is like when you go to a Bureau de Change or exchange dollars with an Aboki.
Forex is the world’s largest and most liquid financial market, meaning there’s a lot of buying and selling happening. This makes it easy to convert your assets into cash. Central Bank of Nigeria and investment firms also trade in the Forex market 24 hours a day, five days a week.
How to Get Started
1. Get forex training: You’ll need some training to comprehend the system’s workings because forex trading is somewhat sophisticated.
2. Create a brokerage account: You will require a brokerage account, which is also known as a securities account, to hold, purchase, and sell financial assets.
3. Establish a trading plan: To ensure you profit from forex, just like with the majority of web firms, you must have an excellent trading strategy.
7. Vlogging
A vlog, which stands for “video log” or “video blog,” can simply be described as a blog in video format. Imagine it as your web-based TV show or channel that you produce, host, and maybe even feature your adorable pet. Create a vlogging channel and post videos on one of the many platforms available.
YouTube is the platform of choice for presenting your videos and earning money from views. You may profit from your material with this reliable internet business opportunity, rewarding your hard work. Additionally, you can use social networking networks to increase your revenue once you receive verification. Vloggers like Broda Shaggi, KieKie, Mr.Beast, and many others have being able to build successful vlog brands.
How to Get Started
- The first step to make money daily through blogging is starting your own YouTube channel.
- Select keywords that are relevant to the searches of your potential audience.
- Make use of standard cameras to bring out the best result
- Since you are a beginner, start first with short videos to get the most views
- Keep your audience coming back by telling them the time and date you will post new videos
- Join the YouTube partners
- Offer to use your expertise in video editing as a secondary source of income.
8. Online Tutoring
If you’re an expert in a specific field, you can make money by sharing your knowledge with others. Online tutoring platforms like Tuteria and PrepClass are great places to start. The online teaching industry is growing rapidly, with a projected annual increase of 10%.
This means there are lots of opportunities to make money online every day. The popularity of online tutoring is not just about making money from home; it’s also about the internet’s ability to connect people worldwide.
How to Get Started
Here are the steps to get started with online tutoring:
- Determine your expertise and target audience: Decide on the subject you want to teach and the specific group of students you wish to tutor.
- Set up your workspace: Create a quiet and distraction-free area with a computer, internet connection, webcam, and microphone.
- Choose an online tutoring platform: Select a platform like Zoom, Skype, or Google Meet that suits your needs and allows virtual teaching.
- Create a tutoring profile and advertise your services: Set up a professional profile on the chosen platform, highlighting your qualifications and teaching style. Promote your tutoring services through social media, educational forums, or a personal website.
- Conduct online tutoring sessions: Schedule sessions with your students, utilize the features of the tutoring platform and provide feedback and support to help them learn and progress.
9. Selling eBooks
Selling eBooks is about creating and self-publishing informative digital books on topics people are interested in, such as recipes, fitness, business, personal development, etc.
You can sell the eBooks on your website/blog or via platforms like Amazon Kindle Direct Publishing, where you get paid 70% royalty every time someone purchases your eBook.
Some successful Nigerian eBook authors include Olajumoke Oduwole, author of “How to Make it in Nigeria”, Opeyemi Awoyemi of Opeyemi Writes, Tomi Adesina, author of “The Young Millionaire” series, and Bamidele Jaiyeola, author of “The Richest Man in Babylon”.
How to start selling eBooks in Nigeria:
1. Choose a topic that has demand and research it thoroughly.
2. Write and structure the eBook content in an easy-to-read format.
3. Design the eBook cover and interior professionally using tools like Canva.
4. Upload the finished eBook onto platforms like Amazon KDP, OkadaBooks, etc.
5. Promote and market the eBook extensively on social media platforms, blogs, and forums related to your topic.
6. Continuously write new books and improve your author profile to increase sales over time.
- Selling Goods
Selling goods online is another very popular way to make money online. You don’t have to pay commissions to anyone to sell on online marketplaces when you can set up your own e-commerce website and sell your products directly to customers. You can also sell your goods on your social media accounts.
Additionally, you are in charge of the social media account and are free to arrange the products wherever you see fit. The drawback of this is that you will be responsible for your own marketing. However, you will benefit if you know how to market yourself successfully.
How to start selling goods online in Nigeria:
- Choose your products
- Set up an e-commerce platform or a social media platform.
- Source your products
- Create product listings with high-quality images and descriptions
- Establish shipping and payment processes
- Implement marketing strategies (social media, SEO, email marketing)
- Provide excellent customer service and monitor performance
- Online courses
In your field of expertise, you can create courses that people can take for a particular period of time and sell them online. You can create your own websites to sell your courses
People will purchase your courses if they think of you as a brand or authority in a certain sector. Your courses with 5k can be sold in Nigeria if you have the correct marketing plan and writing abilities.
How to start online course in Nigeria:
- Choose your niche: Identify a subject you’re knowledgeable about and that has demand in Nigeria.
- Plan your course content: Outline your curriculum and create engaging materials.
- Select an online course platform: Choose a platform like Teachable, Thinkific, or even YouTube or you can create your own online course platform for delivery
- Create and record your course: Produce high-quality video lessons, slides, and supplementary materials.
- Set up payment methods: Integrate payment gateways that work well in Nigeria (e.g., Paystack, Flutterwave).
- Market your course: Utilize social media, email marketing, and partnerships with local influencers.
- Launch and gather feedback: Release your course and continuously improve based on student responses.
12. Dropshipping
Selling goods from foreign suppliers to local clients without maintaining inventories is known as dropshipping. Suppliers deliver goods straight to consumers. This is a fantastic no-risk method of earning money online.
Create an online store to list the goods you wish to sell on websites such as Jumia, Jiji, Mamimarket, and KongA. Receive payment for each order that is placed. You don’t deal with any stock.
Adegoke Adeyemi of Dropship Nigeria, Oluwaseun Adeyemi of Dropshippers, Daniel Ogundele of Dropshipping Academy, and Segun Adebayo of Dropshippers are a few successful Nigerian dropshippers. Ng.
How to start a dropshipping business:
1. Choose a niche and research bestselling products in that category. General stores are less profitable.
2. Set up an online store using a platform like Shopify. Integrate payment gateways like Paystack.
3. List high-quality, trending products from reliable suppliers on AliExpress, Oberlo. Check for fast shipping to customers.
4. Market the store through Facebook ads, Instagram influencers, and blogs to drive sales. Offer discounts and giveaways initially.
5. Deliver excellent customer service. Handle queries returns efficiently for repeat sales and good reviews.
6. Continuously add new products to improve site design and marketing for business growth.
7. Consider private labelling for higher profits as the business scales up.
Conclusion
You can start a profitable freelance career and earn money online on a daily basis. If you have writing, SEO, web design, or graphic design skills, you can make a good living by freelancing. The internet era has made freelancing easy to start and accessible to a wide variety of skill levels. Platforms like Upwork and Fiverr facilitate the connection between freelancers and clients in need of specific expertise.
You can browse available jobs, take advantage of opportunities, and become a part of the independent contractor community. Freelancing is a quick and simple way to earn money online in the modern era. Thanks to online networks, starting a freelance business is now easier than ever. A daily effort that aligns with your skills and interests is freelancing.