There are many cool online business ideas and models Nigerian students could consider starting.
Starting an online business as a student is a great way for young entrepreneurs to gain experience building their own businesses while still in school.
With the rise of faster internet speeds, it is now easier than ever for students in Nigeria to start their own online businesses and turn their passions and interests into profitable ventures.
Whether it’s starting a blog, e-commerce store, or providing freelance services, there are many ways for students to start their own online businesses and succeed in the digital economy
Top 5 legitimate ways to make money online as a Nigerian student in 2023.
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1. Become A Social media influencer
If you have a large following on social media and are able to influence your followers, you can work with brands to promote their products or services in your posts.
For example, if you have a large Instagram following and are interested in fashion, you could work with clothing brands to share pictures of yourself wearing their products and include a link for your followers to purchase.
2. Online surveys:
There are many websites that pay users to complete surveys and give their opinions on various topics. While the pay for these surveys may not be high, they can be a good source of extra income.
For example, you could sign up with a survey website like Survey Junkie or Swagbucks, and complete surveys in your spare time to earn a little extra cash.
It’s important to note that while survey websites can be a good way to earn some extra money, the pay can vary significantly and may not be a reliable source of income. Additionally, it’s important to be cautious when signing up for survey websites, as there are many scams and fraudulent opportunities that may not be legitimate. It’s always a good idea to research any opportunity thoroughly before committing to it.
3. Affiliate marketing:
Affiliate marketing is a business model that involves promoting products or services on behalf of a company and earning a commission for each sale made through your referral. There are several reasons why affiliate marketing can be a great business venture for Nigerian students:
- Low startup costs: One of the main advantages of affiliate marketing is that it has low startup costs. Unlike many other business ventures, you don’t need to invest in inventory or overhead costs. All you need to get started is a website or social media account where you can promote the products or services.
- Flexibility: Another advantage of affiliate marketing is the flexibility it offers. As a student, you likely have a busy schedule with classes, exams, and other responsibilities. Affiliate marketing allows you to work on your own time and schedule, so you can fit it around your other commitments.
- Potential for passive income: Affiliate marketing has the potential to generate passive income, which means you can earn money while you are not actively working. Once you have set up your website or social media accounts and promoted the products or services, you can continue to earn commissions even when you are not actively promoting them.
- Wide range of products and services available: There are many companies and businesses that offer affiliate programs, which means there is a wide range of products and services that you can promote as an affiliate marketer. This allows you to find products or services that align with your interests and expertise.
- Opportunity to learn new skills: Affiliate marketing can also be a great opportunity to learn new skills, such as marketing, copywriting, and website design. These skills can be valuable for your future career, regardless of whether you choose to continue with affiliate marketing.
Overall, affiliate marketing can be a great business venture for Nigerian students who are looking to earn extra income and develop new skills while working on their own time and schedule.
4. Online teaching or tutoring:
If you have teaching experience or expertise in a particular subject, you can offer your services as an online tutor or teacher.
For example, if you are a math major and enjoy helping others understand math concepts, you could sign up with a tutoring platform like TutorMe and offer math tutoring services online.
5. Become a Freelancer
With the rise of the gig economy, there is now a growing demand for skilled workers who can provide services like writing, graphic design, and web development on a freelance basis. Students with these skills can use websites like Upwork and Fiverr to find clients and start making money from their talents. Freelancing allows students to gain experience in their chosen field and build a portfolio of work, while also earning money on their own schedule.
Overall, freelancing is a great way for students to use their skills and talents to make money on their own terms. It can provide valuable experience and allow them to build a portfolio of work that can help them stand out in their chosen field.
Bonus :
1. Dropshipping: With dropshipping, you can start an online store without having to hold any inventory. Instead, you partner with a supplier who handles the manufacturing and shipping of the products you sell. For example, you could set up a dropshipping store on a platform like Shopify and partner with suppliers to sell products such as clothing, home decor, or electronics.
It’s important to note that dropshipping requires a significant amount of time and effort to set up and manage. You will need to spend time finding and researching suppliers, setting up and promoting your store, and handling customer service inquiries. However, if done correctly, it can be a rewarding and profitable way to start an online business
2. Another online business idea for students is starting an e-commerce store: With the widespread use of platforms like Shopify, it is now easy for students to create their own online stores and sell products to customers around the world. E-commerce allows students to leverage their creative talents and interests to sell unique and interesting products, from handmade crafts and clothing to digital products like e-books and courses. By starting an e-commerce store, students can learn valuable skills in product development, sourcing, and online marketing.
Overall, there are many different online business models that Nigerian students could consider, and the best option will depend on your skills, interests, and resources. It is important to research and carefully plan the business before starting and to be prepared to put in the time and effort to make it a success.
These types of businesses offer a wide range of benefits, including the ability to earn money, gain valuable skills, and turn passions and interests into profitable ventures. By leveraging the power of the internet, students can start their own online businesses and succeed in the digital economy.