Pick ideas, find a strategy and research what’s needed to extra money in Nigeria.
With at least one stable income stream, anyone can generate extra cash that will provide the kind of financial security they might need. Regular jobs and employment hardly provide full financial security at least to most people in Nigeria.
This is the main reason that passive income stream is becoming prevalent among young people in the country.
Passive income includes having a regular cash flow and earnings from other sources rather than from one’s employment or contracts.
There are also risks attached to every passive income idea.
Ideas to make money in Nigeria
This form of income requires commitment and is not as simple as it might sound. Pick an idea, find a strategy and research what’s needed to achieve success.
Sell knowledge online
Platforms like Udemy, Skillshare and Coursera enable knowledge sharing in the form of e-books, audiobooks or video courses. Creators make money by selling content to other users on the platform who want to learn. It is a proven source of passive income.
Rent items from home
Properties and items that are valuable and remain unused for a long time can fetch money rather than lie idle. Caterers are examples of businesses that might rent relevant items from home.
Transform empty space
Empty spaces that are idle and collecting dust and bugs can turn into money-making elements. Clean up any empty space and list them on Airbnb or similar sites.
Start writing blogs, YouTube content
Create content for other websites and approach YouTubers and contribute to their work for a price. However, it may be best to start a self-owned website or YouTube channel.
Find trending and engage topics to write about or make videos about, build an audience and share the content. Income will come after that.
Sell skills online
Design skill is always trendy and never goes out of demand if a person knows how to use it. This can generate stable income for a fashion designer, paint artist, and other kinds of designers.