6 online businesses you can start in Nigeria that require no startup capital
What if I tell you that you can start your business even when you do not have a startup capital?
You may think I am kidding, but am not.
The best part, you do not need office space or lots of paperwork to start.
All I need from you is to read the article from start to finish as I reveal to you the businesses you can start in Nigeria even when you do not have startup capital.
Again most of the businesses we’ll share with you will begin to create you with residual income.
What you need to know
We encourage you to take all the businesses we’ll discuss as a business. It requires you to take your time to develop it and in no time, you’ll begin to see the light at the end of the tunnel.
In other words, we’re not promising you that this is a get rich quick scheme here. Am sorry for that.
Now that the airwave is clear, it’s time for us to dive in.
6 businesses you can start in Nigeria that require no startup capital
Start a steemit blog
This is a social networking website like Reddit but created using the blockchain technology.
What makes steemit different from other social networking site is they pay you for posting content on their website. Your content can be an article or video form.
The only way you get or make money is when someone upvotes your content. The more upvote you get, the more money you can make.
To start using steemit, you’ll need to head over to the website and sign up for an account. It’ll take 24 to 48 hours for your account to be approved.
With steemit, they provide you with an unusually long password which you can use to log in. You’ll need to save it in a place where you’ll access it whenever you need it.
Once your account is ready, you’ll need to fill in your details like a profile picture, banner image, about you etc. this way people will have a knowledge of who you’re.
Begin to post content on the steemit platform. To gain traction, you’ll need to post at least once a day. This way you’ll be building your followership as well as popularity. The more you do it, the more money you’ll make.
Start a youtube channel
We cannot underestimate the power of video in our today’s internet. Many businesses have been created from youtube. The good news is there is still room for more.
You too can create a youtube channel of your own and also begin to build your business.
To have your channel you’ll also require an account on youtube. If you have a Gmail account, you’re good to go.
Just head over to youtube and create a channel name, upload profile picture, and begin to publish your videos.
Tips for building more subscribers
- Create highly informative video. Whether it’s funny or not, just ensure that the video will captivate whoever will be watching it.
- In each video always remind the viewer to like or subscribe to the video. This way you’ll build your subscribers in no time. You’ll need at least 1000 subscribers to qualify for advertisement to be displayed on your video.
- Use long description in your videos and ensure that you use relevant tags for the video.
- If possible, post a video on a daily basis since you’re just starting in other to build followership faster.
so how can one generate money from his channel?
There are several ways you can do that. You can promote a product related to the video you’re publishing and put the affiliate link in the video description, you can also accept advertisement from people who want to use your channel to promote their product or services.
When you qualify for the youtube advertising, you’ll begin to earn too using the youtube partner programme.
Create and sell online courses
Everyone has something that someone needs to learn from. That’s why creating an online course is one way you can share your knowledge with the world. You can start creating your online courses and begin to sell it online.
You can use your smartphone or screen capture software for pc to record your videos. It could be a recorded power point presentation or anything that’s informative and pass on the message to the learner.
So what can you teach? You can teach how-tos, web design, app development or anything.
To begin, you’ll need to create a curriculum, record your course and then publish it in places like udemy.com
The good thing is you get to input the title, curriculum, set the price or decide to give it free etc.
Start affiliate marketing
I use to think affiliate marketing will go, but I was wrong. Many establish people use affiliate marketing to make money online.
Affiliate marketing is the method of promoting other people’s product and when a customer purchases the product using the link, you get a commission. This commission can be up to 75%.
There is a whole range of affiliate product or services you can promote. All you need to do in other to find them is to head to google and do a search for the affiliate product you want to promote.
Better still, you can use head over to amazon.com and sign up for their associate programme where you find a wide range of product to sell.
there is no denying that ebook sales have always been on the increase. This is due to how easy you can carry it due to the availability of the devices that we carry it easily.
Today you can create an ebook about anything (fiction, fact, autobiography, how-tos etc) and sell it. You can build an entire business by selling ebook alone.
All you need to do is to write about the subject you’re interested in, once you’re done, edit your work. Then go ahead and convert it into an ebook.
You can then publish this ebook using the amazon kindle which is the number one marketplace place that gets the audience that you need.
You can equally use Konga or jumia to sell your ebook and target the audience in Africa.
Become a freelancer
Outsourcing will never go obsolete. People are in need of content creators, web developers, graphic designers, proofreaders etc.
This is because they want to focus on the things they know best while they outsource others that take their time.
The question is what can you do? Just look inwards and find that special talent that someone is desperately in need.
So join a freelance website like Fiverr and begin to share your expertise with the people who are willing to pay for it.
you may ask which one should I do? Well, the ball is in your court. You can choose base on your passion and begin to build your business.
Note, however, you’ll need to be consistent and treat it as a business before you can begin to see traction.