Nigeria has a large online community that has access to and uses the internet in their day-to-day lives. Many of these browse the internet to read news, socialize on Facebook, WhatsApp, and other social channels, and just about do anything they want to on the internet.
In fact, as of 2021, Nigeria has about 108 million internet users and this figure is projected to reach 146 million by 2026.
With such statistics come opportunities, and there are many income opportunities online. However, in this section, we will focus on the one that a student in Nigeria can be able to do.
These are online opportunities that students can easily combine with their studies and run it as a side hustle or part-time income business.
Some schools have free wi-fi, while some even make it mandatory for students to have laptops. This means many Nigerian students already have access to laptops and the internet, and virtually all have smartphones. Therefore, they already have the tools needed to start an online business.
Suffix this to say that online businesses are not restricted to just Nigeria, you can still start an online business that cuts across the whole world. So in this blog post, we won’t be restricting our options to just online businesses that target Nigerian. We will expand our options.
Without much ado, here are 10 online businesses you can start as a student in Nigeria.
10 Online Business For Students In Nigeria
1. Start an E-commerce Business
E-commerce business simply involves the buying and selling of goods (both physical or digital) and services online.
To run an e-commerce business as a student, you need a website. These days, creating a website is easy peasy with WordPress. If you don’t know how to create a website, I advise that you learn it. Not only will it benefit you as a person, but it can even become a skill you can turn into a business.
Check out my website design course here.
Next, decide on what you want to sell. You may not sell general items like Jumia does, but you may decide to focus on a niche such as wigs or phone accessories only. It depends on the one you are comfortable with.
You can even sell software or services like writing services. For this type, you don’t even need a complex website, a one-page website will do.
2. Be A Social Media Manager
Do you know how to post interesting stuff on social media and build high engagement of followers? You can turn that skill into money by managing for other people or businesses. Many companies and businesses don’t have the time to manage all their social accounts so they are always on the look out for a social media manager.
While some employ full-time social media managers, others are open to outsourcing it to contract workers or freelance social media managers.
Just make sure you prepare a solid portfolio and pitch your services to these companies or businesses. You can even run targeted ads for it.
3. Start Blogging
Do you have a hobby or are your knowledgeable in something that other people can learn from? Then, blogging might be for you especially if you can write too ( I assume you can because you’re a student). If so, you can make money by writing about the things you love.
How does blogging work? You create a simple blog and follow make it rank well on search engines using the strategies I provided here, and get tons of visitors from people who search about the topic you’ve written on from search engines.
After a while, between 3-6 months, you apply for the Google Adsense Program so that Google can start showing ads on your blog. Each time some visit your blog and sees or clicks on those ads, Google pays you.
You can easily make hundreds of dollars per month with Google Adsense alone, even though there are more ways to also make money from a blog that is already generating traffic.
3. Start Affiliate Marketing
You can mention ways to earn money online and not mention affiliate marketing. Affiliate marketing is a billion-dollar industry that has made a lot of people self-made millionaires.
It involves the process of selling other people’s products for a commission. To do that, you need to sign up to some affiliate programs, get your unique affiliate link, and start promoting the products on your blog or social with those links.
Once someone buys with your link, you get your commission. It’s as simple as that.
Affiliate marketing is also one of the major ways you can make money with your blog if you have one. Let’s say your blog is about weight loss, you can promote affiliate weight loss products on your blog and make money whenever someone buys. It is way easier than having to sell your own products.
4. Publish and Sell information Products
Are you very skilled or know a solution to a common problem people face? Then you can write it down or develop a course on it and sell it to people. This is one of the faster ways to make money online.
You can either sell on your website or deliver it to people manually without a website when they pay.
If you wish to reach a worldwide audience, you can publish on the Amazon Kindle marketplace. I have earned thousands of dollars from my books on Amazon Kindle over the past few years. You only put in the effort once to write the ebook, publishing it on Amazon is easy. However, you will have to open a Payoneer account as that is how Amazon will pay you when your book sells. One good thing about selling on Amazon Kindle is that billions of people use Amazon and people will find your books naturally without much promotion on your part.
5. Start Online Teaching
This is a great opportunity for someone who knows a lot about particular topics and can teach them.
You can make short videos lasting 5-10 minutes or longer videos lasting 1 hour or more.
Then upload your files on Udemy, Coursera, and Skillshare in minutes. You will be paid for each student who enrolls in your course.
You can teach anything at all ranging from web design, piano lessons, video editing, and virtually anything you feel you know much about. I’ve even seen someone who teaches people how to speak Igbo and has already sold thousands on Udemy.
6. Become a Freelancer
A freelancer is someone who works for other people without committing to being their employee. As a freelancer, you get jobs that you can do in your own free time from anywhere you are. You are not restricted to any particular location.
Freelancers usually have a skill that people are willing to pay for. The skill can be web design, content writing, copywriting, video editing, SEO, graphic design, etc. This is a job that fits perfectly for students as you don’t need to report to any location to get it and you can do the work in your free time.
A great place to get freelance jobs is on Fiverr. Find out why.
If you want to know more places you can get freelance jobs in Nigeria, I have compiled a lost of 9 places you can get freelance jobs in Nigeria.
7. Start an online AD agency
Many people cannot properly set up and run online ads to promote their products and services online. If you are knowledgeable in online advertising, you can help businesses and individuals to set up and run ads for their products and services.
To do this, you need to know how to run ads on platforms like Google, Facebook, Youtube, and others.
8. Start Forex and Crypto Trading
The crypto market has become a booming industry these days. In fact, it has made a lot of young people millionaires and billionaires. As you well know, the CEO of Patricia, Hanu Agbodje, who sponsored BBnaija season 6 with one billion naira is into cryptocurrency.
As with all easy high-paying investments, crypto trading, as well as Forex trading, comes at very high risk too. So I will advise that you learn and practice properly from a good source before venturing into this business. Otherwise, you can lose all your money there. Even the experts lose money not to talk of a newbie. So be properly guided and thread with caution.
9. Start Mini Importation
You can start a mini importation business as part of a side gig. With as low as 20,000 naira, you can become an importer. Buy at cheap prices from China and sell with a good profit margin in Nigeria. One of the great places to source your goods from is Aliexpress. Others are Taobao etc.
Click here to download our free mini importation guide.
You will learn everything you need to start mini importation business from there.
10. Graphic design
This is a popular one. Many people who went to a typical Nigeria computer school will know Coreldraw and therefore can draw. However, if you are going to do graphic design as a business, you need to learn more than Coreldraw. You need to also learn and master PhotoShop.
As people are trying to marketing their products and services online, there is a growing need to design marketing materials. You can design book covers, logos, business cards, flyers, etc.
To get jobs, you can either advertise what you do to your friends on social networks or on freelance websites.
Nigerian youths are becoming more enterprising than ever. We are now having more youth turn into millionaires and billionaires doing legitimate work both online and offline. So don’t wait anymore. Choose one of these and start growing it. With commitment and consistency, you will definitely make it.
Hope you found this article helpful? Let me know what you think in the comments.