Making money is something everybody desires due to its importance for a comfortable living. However, not everybody knows how to make money and this is the reason for the frequent questions about the right ways to make money and gain financial freedom. This article focuses on teaching how to make money online in Nigeria as a student.
It is necessary to talk about this because it has become a necessity for students to have sources of income apart from what they receive from parents or guardians. The idea of being a student has become stereotyped as a condition of total dependency. While this may be so, it should not totally be the case as there are various opportunities out there for students to make money online and take care of basic needs.
In Nigeria, the economic situation has made it paramount for students to find ways to support themselves. More so, since graduates from the university are not assured of securing good-paying jobs, it makes sense that any wise student should seek means of self-sustenance. The growing tendency amongst young people in Nigeria is that the only way to make money is through cyber-crimes.
However, this belief is borne out of ignorance as there are so many ways to make money online in Nigeria as a student. There are so many areas that students can delve into online and create income. The only thing required is the willingness to learn the skills, then, the hard work and patience to let the skills earn the income. This is far better than hiding behind the darkness to earn money through illegal means.
Below are the tips on how to make money online as a student
5 Tips on How to Make Money Online in Nigeria as a Student
#1 Freelancing
This is a basic money-making method every student should begin with. Freelancing simply entails offering services to people who need them online. Freelancing services include writing, graphic designing, website design etc. In fact, whatever skills one has can be offered as a freelancing service as there will always be people who need the services.
The most popular freelancing websites are Upwork.com, Fiverr.com, Truelancer.com, Freelancer.com and social media platforms. Users are just required to create an account and begin to either bid on projects posted by clients or showcase what they can offer to clients. Students who are new to money-making are advised to start out on freelancing websites. Through this means, they can gradually build up capital for other businesses.
#2 Affiliate Marketing
Affiliate marketing is one of the most enticing money-making ventures in the world today. It involves running adverts for companies that have products to sell and finally earning a commission on any sales made. Some companies offer as much as 50% in commissions for whatever sales are made. Affiliate marketing is enticing because users do not need an online store or a blog to start marketing.
Some of the most prominent affiliate marketing companies are; Konga affiliates, Amazon affiliates and many more. Almost every day, companies are scaling up and offering affiliate programs since it is a way of converting more sales by letting the affiliate marketers to the job. Anyone who is on the lookout for affiliate marketing opportunities will eventually find one as the industry cannot be saturated.
#3 Blogging and Vlogging
Talking about blogging as a source of income may sound cliché but it still pays and that is why it is on this list. You can either create a blog or a vlog where you share details of whatever you are interested in. There are various niches that students can go into and be profitable. It all depends on one’s interest. It is necessary to do what you love because this will help you maintain the blog or vlog in the long term.
The most popular blogging platforms are wordpress.com and blogger.com. With an affordable sum, you can buy a domain and hosting and begin your blogging journey. The most popular vlogging platforms are Youtube, Tiktok and Instagram. You can start off with free accounts and walk your way up the ladder. Blogging and vlogging may sound so big and complicated but you will never know how easy they can be until you get involved. So…begin.
#4 Online Paid Surveys
So many companies deal with statistics and often, they cannot reach out to all parts of the world. As such, they offer opportunities for people to help them through online surveys. Most of these surveys are paid and tokens received can be converted to real cash. While this may not sound attractive, it is also a popular means of earning some extra cash. Students in Nigeria looking for how to make money online can begin with surveys to earn their first cash.
The idea of online surveys is interesting because most companies that offer surveys are in the US, Canada or the Uk. This means that they pay in foreign currency. Converting the small sums amounts that are received for reviews will eventually stack up to greater figures in naira. The most popular online survey sites are Surveymonkey, Swagbucks, Toloka etc.
#5 Online trading
Online trading is the best and most efficient means of making money online in Nigeria as a student. In fact, anyone can make money trading online from anywhere. This is an income source that I find most fascinating because of the opportunities therein. Although anyone can make money, it requires some level of skills in order to make money rather than lose money. Online trading is a broad term comprising forex trading, indices trading, crypto trading, stock trading etc. Whatever area you find fit can make you hundreds and thousands of dollars.
Most people consider online trading as a scam due to the many investment schemes that rob people of their money in the name of trading. However, proper knowledge of the industry will help you identify that it is not a scam and real money can actually be made through trading. This does not mean that there are no risks. In fact, it is possible to lose huge sums in the financial market. However, with the right knowledge and skill, anyone can be profitable. The most common platforms to start your trading career are FXTM, Binance etc.
Conclusion
Making money should not be seen as something very difficult or something reserved for elites. Anybody can make money with the right set of skills and determination. For all those asking questions about how to make money online in Nigeria as a student, this is the opportunity you have been looking for. You have the information at hand, now, it is time to take the required action and transform the information into cash. Perhaps in future articles, we shall take time to elaborate on some of the means of making money online that have just been mentioned here.
The worst mistake you can make is that of considering yourself too small to make money. The earlier you get yourself out of that mindset, the better things get for you. There are opportunities everywhere and apart from the tips mentioned above, there are many more ways one can earn a decent income. It is better to start early because the income will grow gradually as your knowledge and experience increase. There is no need to wait till you are out of school before you can make money online as a student in Nigeria.