In today’s digital age, the internet has opened many doors for those seeking supplemental income through flexible, self-starting ventures, including any highly promising online business that pays daily in Nigeria.
With just a computer or mobile device and an internet connection, along with a valid email, anyone can kickstart an online business that offers the potential for daily earnings.
From affiliate marketing and blogging to product or service sales, we present 10 online businesses that provide daily payouts. Additionally, we’ve included a starter pack for each, eliminating any concerns about getting started. Notably, some of these online businesses require no initial investment, making them particularly accessible for those with limited funds.
Whether you’re an experienced digital entrepreneur or just taking your first steps into the online business world, this guide provides the essential information you need to launch your online venture and start earning daily.
List of Online Businesses That Pay Daily
- Stock trading
- Social media influencer marketing
- Affiliate marketing
- Forex trading
- Online Tutoring
- Selling eBooks
In Nigeria’s digital world, blogging is a creative outlet and a way to earn daily money. If you have a talent for writing and a vision, you can start a blog and make money online. To make the most of your blog, treat it like a business.
Successful bloggers understand the business side of things. Blogging is more than just a platform; it’s a way to grow financially and get regular earnings in your bank account. We have Nigerian bloggers who have achieved success in this business, like Damilola Odufuwa of Miss Petite Nigeria and Linda Ikeji of Linda Ikeji Blog.
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.
Starting a profitable freelancing career allows you to earn money online every day. Whether good at writing, SEO, web design, or graphics, freelancing offers many opportunities to make money. It’s easy to get into freelancing in the digital age and suitable for various skills.
Freelancing is a good and fast online business to make money that has adapted to the digital era. Thanks to online platforms, it’s now easier than ever to start a freelance business. Freelancing is not just a way to make money online; it’s a daily pursuit that aligns with your skills and passions in the thriving digital economy.
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.
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.
A dropshipping business involves selling products from overseas suppliers to local customers without stocking inventory. Suppliers ship items directly to customers. This is an amazing way to make money online without any investment.
Set up an online store on platforms like Jumia, Jiji, and KONGA to list the products you want to sell. Get paid per order placed. You don’t handle any inventory.
Successful Nigerian dropshippers include Adegoke Adeyemi of Dropship Nigeria, Oluwaseun Adeyemi of Dropshippers, Daniel Ogundele of Dropshipping Academy, and Segun Adebayo of 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.
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.
We hope you have seen all the many opportunities out there waiting for you on online businesses that pay daily. But while the businesses mentioned, like forex trading or stock trading, can make you money daily, you could also lose money if you are not careful. In particular, stock trading and Forex trading take skill and experience to do successfully.
Some of these online money-making methods allow you to earn money every day without an initial investment. However, stay disciplined in your work so you continue seeing positive results over time. Always learn from your mistakes and make improving your skills a priority.