Are you looking for an online business idea this year 2023? bother no more because you now have a lot to choose from. Whether you’re new to making money online or you’ve had some good earnings elsewhere you can still find something that you’ll want to invest your time and resources on.
No matter how your daily schedule is, you can still make out time to invest, which with time will bring good returns.
It is not advisable to quit your day job for an online business just at the moment.
You should be able to test the waters and see what it’s like; whether it’s working for you or not.
The reason for this is that getting established online might take longer than you imagine. Sometimes after doing everything right you just might not get the expected result so, you’ll need to give it time and figure out things as time passes.
I’ve been there myself so I know what it’s like.
On our list are the best online business ideas to make money in 2023
1) Start a Blog: A blog is a website but in this case, it’s for sharing updates and information. It’s not common you find a blog that’s meant for rendering services. An example of a blog is this website you’re on. The information shared on blogs can be tutorials, news, and maybe something that interests you, etc.
Starting a blog is not expensive, it can be done with a few dollars. You can also opt for a free blogging platform until you’re ready to invest.
This is not a get-rich-quick scheme, it does take time. In the first 3 months, you’re likely not to make anything unless you invest in advertising. In any case, getting traffic from search engines will serve you better in the long run since it’s free and more targeted.
A lot goes into making money from a blog on today’s internet. You must first of all offer quality, quality in this context translates to value. The information on your blog should be able to give answers to people’s questions.
There are various platforms for setting up your blog, the most well-known are WordPress (free and paid) and Blogger (free). Depending on if you have the budget, starting with WordPress is better.
The self-hosted WordPress platform offers a lot more than the free Blogger platform. In terms of Search Engine Optimization (SEO) and plugins are necessary for solving problems or adding something to the blog. That’s not playing down the Blogger platform as we’ve seen lots of people earn good income on the platform.
2) Selling Products on Amazon: Amazon is the biggest online store for physical products and it has thousands of sellers worldwide.
To become a seller on Amazon, you have to go through a learning process as you wouldn’t want to make mistakes here. Remember, you’re going to invest your money so you better do it right.
The first thing is finding the niche that’s profitable yet not so competitive. Then the right product with good demand. When choosing the products, it is better you choose a product that’s affordable where you’ll be able to make sales.
3) Affiliate Marketing: Affiliate marketing is simply helping businesses sell their products or services and you’re paid a fixed percentage of the sales called commission.
There are lots of companies offering affiliate programs to people who promote their products. Obviously, joining an affiliate program is not the challenge here but actually earning from it is.
A lot goes into convincing people to buy a product you’re affiliated to. You can advertise products on social media or blogs. You have to make people see that the product you’re bringing to them is good enough in exchange for their money. People should perceive you wanting to help rather than only being a concern with selling a product.
Choosing a good product with quality will also make it easier to make sales since it is most likely already well known.
We have affiliate products on almost all the niche on the internet, do well to choose a niche you’re already familiar with as this will enable you to tell easily the cash of the products to potential buyers. It could be a product you make use of personally.
In any case, you can still pick an interest in a product and gain enough knowledge about it. That’s what a lot of affiliate marketers do.
4) Starting a Dropshipping Business: This is a business with one of the lowest risk associated with lost. The merchant does not have to stock the product he sales.
When there is an order from a customer, all the merchant does is contact a third party supplier (usually the manufacturer) and the supplier supplies the product to the customer through a given address.
There are so many positives to this business model some are: low startup capital compared to the conventional retail outlets, there is no need to stock the listed products, there is no need to have a physical store (warehouse) and a physical address all of this makes it a low-risk business model
Getting started will require you to gain a lot of knowledge about how it works. You know just like many other businesses, you need to make sales to make a profit and this will mean continuity.
So, importantly, doing product research is the beginning of everything. Your product research will look at what will sell, your target audience and the profit margin. The profit should be worth your investment.
Having arrived at the chosen products, now it’s time to choose a platform which will serve as where you list the available products.
Now, there are 2 well-known and used platforms which are: Shopify and Woocommerce. Woocommerce is free to set up while Shopify’s minimum plan is $29. Shopify will be a better option if you’re really new to setting up a website of any sort, that will make their support really handy.
5) Running an E-commerce website: E-commerce website is a website for selling goods over the internet. A buyer orders for good through the website and has the option of paying on delivery or paying via an online payment method like VougePay for Nigerians or PayPal for international buyers.
You need a substantial amount in starting this business as there are so many things to pay for.
First, is the e-commerce website where you will have to hire a buyer to develop for or buy a ready-made platform from Shopify or use WooCommerce. These platforms come with payment methods and other necessary function like cart and listing panes.
After getting the site ready, you can decide to stock the goods or allow third parties to advertise their goods on your e-commerce site while you earn some percentage per sale.
Before getting out there, you’ll need to spend a lot on branding and advertisement. To put things clearly, you’ll have to spend 3 times the money used in creating your e-commerce site on advertisements.
6) Starting a Print on Demand Store: This is a low-risk investment model too, printings are done on products only when there is an order. The products could be mugs, shirts, caps etc
The owner of the store usually works with a supplier of those products and the supply is done under his brand.
One concern here is usually the shipping cost, it can go a long way in determining the profit made after a supply. So, it’s important to always take the shifting cost into consideration when billing clients.
7) Social Media Manager: Every business needs a social media presence to reach people and also get feedback, this is where a social media manager comes in.
As a social media manager, you should be conversant with the spins of taking a brand to social media users. Causing interactions and convincing your employees that it’s worth investing in.
Becoming a social media manager isn’t the most difficult task given the right dedication. You can start by buying a good course that will expose you to the best practices.
After getting a lot of knowledge in the field both from courses and interactions from like minds on other platforms, it is time to taste your skill.
One way of doing this is running a test personally, you can volunteer to join a team for a little pay just to get the needed experience before heading to the market to find clients.
Finally, after feeling confident about what you’ve learnt you can now get a name, get branded. If you’ve never thought of branding, you have to. Almost all businesses on the internet need proper branding to attract the right customers.
8) Become a WordPress Developer: More than 70% of the worldwide web is runs on WordPress and the demand for experts on this platform is on the increase.
A WordPress developer develops and creates plugins and themes for the WordPress platform. They also create and edit a WordPress site for clients.
To become a WordPress developer you need to have some level of knowledge of languages like HTML, CSS, JavaScript and PHP.
Learning to become a WordPress developer is not the challenge here as there are a lot of resources and a couple of communities to help you start. The challenge is actually becoming one to fasten this process you should choose a field.
9) Running your own Youtube Channel: Youtube is the biggest online video sharing platform with millions of watch hours and users daily.
People go to youtube to watch different things cutting across different niches, like entertainment, politics, education, movies etc
All these videos are uploaded by people and most of them have a primary goal of making money from their contents. It starts by putting something interesting that people will like to watch.
If you fancy the idea of making videos for Youtube with the idea of making money from it, with a little guide you can get started.
First, you sign up on Youtube then create a channel where you’re to upload your videos. You will have to get at least one thousand subscribers and a minimum of 4 thousand watch hours to be able to monetize your channel.
10) Graphics Design: A lot of companies and business require designs which will carry their unique identity. This is where a graphic designer comes in, a graphics designer makes use of tools to make designs of various kinds.
Some of the tools used are Corel Draw, Photoshop, Illustrator etc.
To be able to use this tool, you must spend time practising on various designs and the good thing here is, you can master this skill by self-taught.
You’ve heard of the saying “Practise makes perfect”, it does apply here a lot of times more than it will apply to many other fields. The more you make use of the tools, the more you become familiar with the interface and you’ll be able to pitch something very unique.
Finding clients isn’t difficult in any way, there are various platforms out there that make this really easy.
11) Writing Job: If you really feel good about your written English then you should consider becoming a freelance content writer. In any case, even if you’re not so confident about your writing skills you can still get the needed help online.
There are a lot of practical help online you can get and improve drastically in no time if you put in the needed effort.
After learning the basics of English writing or any other language you wish to write with, the next thing is to choose a niche.
A niche is simply a topic or scope an example is “Sport” or “Tech”, you’ll have to write about sport. It will help you get further if you narrow your focus to a micro-niche like Football.
After practicing your own skill and getting some samples ready for potential clients, it time to go searching for them.
The good news is, there are numerous platforms willing to help you land your first writing job.
Platforms like Fiverr, Upwork, Freelancer, etc.
12) Become an Online Coach: There are a lot of good in becoming an online coach or tutor. One of them is saving money, in other words, it’s very cost-friendly compared to conventional coaching or tutoring arrangement.
Before becoming an online coach, you must have a skill you master and want to teach others. Next thing is, getting a site or advertising your service as a tutor of a particular skill.
Getting students won’t just happen, you have to prove that you’ve gotten enough knowledge and it’s enough to teach others and the best way to do this is by showing results.
Say you’re an SEO and would love to teach others search engine optimization, you must be able to show some metrics of a site you’ve ranked, and giving your thoughts on topics is also a good way to tell readers that yes, you’re good with what you do.
You can get students by getting a website of your own and showing course outlines and what students stand to gain when they learn from you.
The secret to a successful online coach is getting people to believe you’re good at what you teach and can definitely help them acquire the knowledge
Choosing a tutoring fee should be base on the industry. Don’t go too low or high but leave it where most people can afford.
13) Writing and Publishing E-books: This still follows the line where you have the knowledge and want to sell it.
Before just going about packaging anything in a PDF, there are things you should know.
A lot goes into writing books that sell, people don’t just buy a book that contains a wealth of knowledge but rather they look at how it will help them in ways they can imagine.
Don’t just put down information that can easily be found anywhere else, things that aren’t really a problem or a concept that has so many solutions to it.
14) Sell Courses Online: If you have mastery of any course, you could create a course and sell it using different online platforms.
Don’t just be in a haste to produce a course, make sure it will be worth a buyer’s every penny. To have good sales, you will need a lot of recommendations from early buyers. Advertisements can also bring sales when you’re just starting out.
15) App Development: An application developer creates applications for operating systems. It could be for mobile phones or computers or base on any operating system.
Of course, you’re going to choose your area so it fastens your learning process and advancement.
To start you need to learn a programming language. There are many options when it comes to programming languages and the type of apps and platform should guide you in choosing. Some of the programming languages are Java, PHP, Python, Ruby, C++ and Django.
Don’t make the mistake of trying to learn more than one language at a time. And also know that it takes time to get somewhere with app/software development but the huge resources and help available on the internet does go a long way in making it easy.
Seek help when you’re stuck, joining communities with like minds will really be very helpful.
After trying your hands on some applications, it’s time to go in search of jobs and there are so many opportunities out there.
16) SEO Expert: No matter what people do, so far it can be called business then it needs to be found on search engines.
Search engine optimization (SEO) is making sites show or show better on search engines. On related forums, we have lots of SEO experts and we have many businesses or blog owners hiring SEOs every now and then.
To become an SEO, you need to, first of all, know how a search engine works. A lot of people are quite conversant with the basics which will make getting to more complex concept easier.
After wrapping your head around how search engines work to some extent it’s time to look at search engines marketing concepts.
Finally, you hit SEO. There’s a lot under SEO, it will surely take some time for things you read to connect but it will eventually make sense at some point.
SEO is a continuous thing it never stops, you need to keep yourself updated so you don’t miss out on important changes.
Again, there are a lot of resources that will help you get started. It’s best when you choose a course to take and always see that you get to the end of it.
Finding jobs will not take time especially when you can show results of your previous projects.
17) Domain Flipping: This is a business with one of the best return on investment (ROI). With as little as $10 you can get started.
But before trying the business, know it requires a lot of patience as you can’t say when someone will buy your domains.
With that said, a lot of things go into buying flipping of domains, knowing a good domain name to buy has to be the most important of them all and that’s where you’ll probably spend most of your time researching.
You need to develop a strategy for weighing domain value and knowing its worth when reselling. A site like NameBio.com can help you have an idea of what a domain name will likely cost in the resell market.
The domain flipping process goes this way:
First, you buy a domain you think will suit into a business name.
Second, you park it using a site like SILO.
Third, you sell it when a buyer agrees to buy.
There’s a lot more in between and requires you to make more research on it.
CONCLUSION:
A lot of businesses have failed because of lack of the right knowledge. Don’t make the mistake of rushing into an online venture when you’ve not acquired the necessary knowledge or advice.
Getting a business established online isn’t so straightforward, you may see already established businesses in the niche and think it’s going to just be the same for you but that might not be the case.
You also learn gradually and try to improve the business to meet people’s demands.
Above all, give it time to grow.
A few years ago, exportation business in Nigeria for so many was a business of the future but now, a lot of people are becoming aware of the business and it has become business of the now.
This article is going to give a guide on venturing into exportation business. For any business one wants to venture into, getting enough information about the business is very important.
Do you want to start exportation business in Nigeria?
So, if you are considering going into the exportation business, do well to pay close attention to this guide.
With that said let’s get down to the main thing.
Contrary to a common perception by so many people, exportation business is not all that complicated. But I must warn you, it could be when you meet the wrong people. Another thing that can make it really difficult is getting the wrong information or not paying close attention to details.
Also, it is good to know that it is very lucrative especially when you choose the right products to export.
OUR GUIDE TO START EXPORTATION BUSINESS IN NIGERIA:
Looking at the Nigerian export market, it is very wide and can also take a while to find your way. On the other hand, meeting the right people makes it really easy. The people you wish to meet should have experience in the business and should also have a verified physical address where you can go to in case of an issue. I can’t emphasize this enough, people you wish to work should be people with a physical address.
Most importantly, you should also do a background check on them to see if you will find anything suspicious or a bad record.
After meeting trusted people, the next thing is to decide on what to export. Your decision should depend on how you want to get them and the easiness of getting the commodities when compared to others.
Another thing is comparing how profitable it is to export a particular commodity with another. You might not get everything right from the beginning but along the line, things will become clearer.
Let’s look at the most commonly exported commodities in Nigeria.
1) Charcoal: Information has made us aware that countries in Asia, Europe and America demand for charcoal is very high. Just you should know, Nigeria has one of the best charcoal in the world.
So, many exporters in Nigeria are already exporting charcoal currently.
2) Oils: Countries that experience cold in large part of the year also demands oil in high quantity.
This is a lot of people’s choice when it comes to exportation as it is quite simple to package these products. Some of the oils in demand are Palm oil, Coconut, Sesame oil e.t.c.
3) Agricultural Products: Nigeria has a lot of agricultural products that people in foreign countries need. One well-known product is cocoa, it is in high demand in some European countries.
Cocoa is refined to chocolate which tastes really good and the foreigners love it.
CAPITAL: Your capital will depend on the size and types of goods you want to export. In any case, you should have a sizeable income that will cover the cost of getting the goods and also paying for any necessary papers.
You will need to get licensed to start exportation business in Nigeria. Make sure you have all requirements before starting as you don’t want a problem when just starting a business.
GETTING A BUYER: One part of the entire plan you will need to take very serious is your buyer from the other end (Country). The good news is, getting a buyer is not difficult thanks to the internet. If you meet the right from Nigeria, they should be able to link you up with a buyer.
CONCLUSION:
You have to be careful, don’t rush into the business. Also, pay attention to details as ignoring this can lead to dealing with the wrong people.
A lot has changed over the years in the blogosphere. Some years back, the competition was a lot lesser than what we have now which directly means getting seen was relatively easier.
The more eyes get to see your blog the more money one can make.
Making money from blogging (especially a new blog) requires a lot of things to be put in place and most importantly consistency. From setting up proper SEO to paid advertisements and to using social media, it can only widen.
Nigerian bloggers from my experience have unique challenges or may have similar challenges with bloggers in countries around this region.
So to make money from your blog you have to be able to put in the extra work and also apply some blog money making strategies.
We must know that given some factors like the exchange rate of Naira to Dollars and power, new blogger even old ones may not be able to compete with bloggers from other places.
After starting a blog at some point we all think about making money from it or maybe making more money from our content and some times it’s very difficult to even more so for a new blogger.
So, in this article I am going to write about avenues money could be made from a blog and what to expect in reality.
1) Through advertisement network:
When considering ad networks for our blog, the first name that comes to mind is Google Adsense. They are the best, they pay more than any other ad network.
Unfortunately, not every blog gets approval. If this happens, you’re left with many other options, many other ad networks. I would like to tell you a name that even comes close to Google Adsense but sorry, there is none. It is Google Adsense and the rest.
Well, money can still be made from other ad networks and even making money with Adsense, don’t expect an easy ride. You have to work to get traffic.
For beginners and even expert bloggers, Propeller Ads has proven to be one of the best Adsense alternatives.
Traffic from African countries won’t give you any earnings. So, now you don’t just need traffic to earn but quality traffic from tier 1 countries (USA, UK, Canada etc.)
However, if you get it right with ad networks it will be worth your hard work.
2) Through Affiliate Marketing:
Affiliate marketing is an art of helping companies sell their products and get paid a percentage called Commission.
Simple, right? Yes, simple concept but not as simple getting it done except one follows a strategy.
It requires a working strategy, one that catches potential buyers attention and makes them finally pay for it. Also, note that a strategy that works for a particular product might not work for other products.
There are a lot of affiliate programs out there, and hey, joining most of them is as easy as simply signing up and waiting for approval which is almost always positive.
3) Sell Your Product:
This another blog money making strategy that has proven to be one of the best and most easy ways to make money from your online content.
Doing this successfully will require a lot of eyes and most importantly, the blog must be targetted on a topic hence niche blogs. This will mean that any visitor on the blog is interested in the topic and would likely want to increase his/her knowledge.
It could be a physical product like accessories or digital products like e-book, audio, and videos.
4) Sponsored Reviews:
Lastly, on our list is publishing sponsored reviews on your blog. Some companies when they have products to promote to the public, they simply reach to blogs that fall under the niche.
You may be asked to write the review or an already written review can be submitted to you. In any case, you will be paid to publish it.
Don’t expect this kind of offer if your blog is still new and relatively not so popular as you are not expected to have enough audience for such promotions.
There is a lot of other blog money making ideas that can be utilized but these few I have shared are the best and work well for bloggers in Nigeria.
One of Nigeria’s leading payment gateway software Remita Payment has added Verve Card To Its list of payment options .
This means that from now henceforth you can now make payment with your verve card on Remita. Prior to this update, the only card payment option on Remita was MasterCard or visa Card.
This announcement was content of a mail sent out to Remita subscribers on the 24th January 2019.
The mail reads…
Do you know that, with a Verve Card or Virtual Token, you can now make any payment at any time and from anywhere on Remita?
Yes, you can!
It is Fast, Secure, and Convenient.
Verve is the latest addition to the other card and non-card payment options available on Remita.
So, why delay? Your next payment on Remita is a Verve card or virtual token away!
4 Things You Must Do Before Starting An Online Business In Nigeria 2023
The worst mistake anybody can make while starting a business in Nigeria in this age of the internet, social media, and artificial intelligence is not establishing a strong online presence.
That notwithstanding, thousands of young entrepreneurs still make this mistake in the year 2023. They rush into starting up an online business without getting themselves prepared for it.
While it pays to leverage the power of the internet to fastly grow your business, it is also worth knowing that the effects can be disastrous if you don’t make adequate preparations before venturing into any business online.
In this topic, I am going to outline the four basic things you must do before getting your Online Business In Nigeria started.
Register Your Business With The Corporate Affairs Commission
Open A Business Or Corporate Account For Your Business
Get A Website & Blog For Your Business
Create Social Media Accounts
Register Your Online Business With The Corporate Affairs Commission
The reason a lot of businesses are limited in what transactions they can do is that they are not legally recognized. It doesn’t matter if your business has been in existence for a long but if it’s not registered with The Corporate Affairs Commission(CAC), you don’t own that particular business yet. You don’t have any legal claim over it.
Take for instance you are in the cake-baking business and your name is Adaobi and you operate your cake business with the name ADAOBI CAKES.
You have put in a lot of work in making the brand ADAOBI CAKES very popular but eventually, you did not register your business name ADAOBI CAKES with the corporate affairs commission aka CAC and there is another lady named Adaobi or whatever her name is. She might not be as popular as you are but if she discovers your business is not registered and go ahead to register it, you will automatically lose the legal right to use the name ADAOBI CAKES.
She can sue you in court and the court will ask you to stop using the name. This is not good for business because once she succeeds, all your prospective customers will automatically become hers.
Before you consider starting a business in Nigeria online, Getting your company registered will also help you if you want to create a corporate or business bank account for your business.
Open A Business Or Corporate Account For Your Business
After registering your business with CAC, the next thing you should do is open a bank account for your business. A business account helps your business stand alone as an entity. Clients pay you through the business or corporate account. A business or corporate account helps you build a reputation fast as people tend to trust you when you give them your business corporate account instead of your personal account.
Most customers especially those who are reaching out for the first time are always scared of paying you when they find out that your business or company name differs from the bank account number you give to them to make payment.
Getting a corporate bank account will ensure that you don’t lose prospective clients due to the fear of being duped.
Get A Website & Blog For Your Business
As a small business owner, if you are interested in growing your business so fast, then you need to consider having a website where customers can find your business on the internet.
Just like your physical location, a website is your address and shop where people come to locate and purchase the goods and services you provide.
The internet has taken over the world and it has changed the way people go about looking for the solution to their problems.
A recent review shows that consumers typically start their buying journey with and a recent study has revealed that more than 70% of consumers go online in search of whatever product or service they require.
By getting a website for your business you stand the chance of gaining tons of prospective clients who search Google every minute looking for the particular service you provide.
Create Social Media Accounts
Because people tend to spend more time these days chatting or engaging in one activity or the other on social media like Facebook, Twitter, Instagram, and Tiktok. Your business also needs to be in those places too to engage and interact with your customers. The more you build up communication with people on social media, the more your brand is known and consequently the more loyal customers you attract to yourself.
In fact, social media has become more advanced in the way the brings businesses and customers together. A lot of deals are closed on social media. If you are in the content creation business, you can also easily monetize your social media and make millions of dollars from social media revenue.
The above-mentioned things you must do before getting your business online are born out of my personal experiences over time. I personally suffered the wrath of negligence to these common online business principles though I have since learned and corrected my mistakes.
You can also share your experience on what works for you and what does not work on the comment section below…
StackAgents Review: Watch YouTube Video And Get Paid
StackAgents is a YouTube video monetization platform that serves monetized YouTube videos for people to watch and get paid. They do this through their YouTube channel.
StackAgents have a program that enables you to watch your favorite YouTube videos and still get paid depending on the number of videos you are able to watch daily. It has been proven that one can make up-to 1million naira monthly by watching videos and referring people to join the network.
StackAgents have two ways in which you can earn money from the program.
Earn Money By Watching YouTube videos:
This allows you to earn money simply by login to your account daily to watch YouTube videos through the StackAgents platform.
In this section, you get paid monthly according to the number of videos you watch.
It is simple, as you watch YouTube videos through StackAgents YouTube channel, they are paid monthly by YouTube and they share their monthly revenue with you depending on how many videos you were able to watch.
Earn By Referring People To Register On StackAgents:
You earn up to N2500 per each active user you refer and that means if you are able to refer 100 active users a month, you will earn N250,000.
You can earn referral bonuses even if your account has not been activated yet as long as your referrals activate their accounts. However, your subdomain/website will not be active. E.g if your username is ‘sample’, your subdomain/website ‘sample.stackagents.com’ will not load.
How Does StackAgents Work:
As you already know, there are two ways you can earn from the system, either by watching videos and by referring people to register and watch videos.
Registration is free but to be able to earn money from watching YouTube videos, you need to activate your account with a minimum of N5000 in which a certain number of YouTube videos will be made available for you to watch depending on the plan you opted in for.
Once you register, a custom website will be created for you where you will always visit to find the available videos to watch daily. You can also share the link to your site with your friends to help you watch videos in case you are not disposed to.
It is also not compulsory that you must finish the video before you earn. After 59 seconds the video is marked as ‘Watched’. This means you have earned your N100 after 59secs.
Payment & Withdrawal:
StackAgents utilizes three payment gateways to make sure both your deposit and withdrawal go smoothly without any hitch.
To activate or upgrade your account, you pay either by using your credit or debit card through a secured payment gateway called Paystack.
You can also pay with cryptocurrencies like bitcoin, etc, PayPal payment is also available. You can also pay through direct deposit to their bank account.
Withdrawal:
You can withdraw your Referral bonuses anytime as soon as you reach N5000. But earnings from videos can only be withdrawn after 30days from activation and you can withdraw any amount.
You can withdraw your bonus via direct payment to your bank account.
Register Now And Start Earning
The difference between a rich man and the poor is that the rich man finds opportunity and takes action immediately but the poor man will always procrastinate.
Avail your self this golden opportunity, REGISTER NOW
To get more clarification on how StackAgents work, you can watch the video below carefully for full understanding.
You can also contact the number on their support page if you get confused and you need assistance
