How can you make money online with 1000 Naira in 2021?
You probably may ask yourself “how can I make money with 1,000 naira online”. And boom, you saw this post on how your desire will be fulfilled, and you are like, “are you for real?”
Yes, I’m for real. It sounds impossible but let me tell you something. Nothing is impossible in this digital age.
I will be showing you different ways of making money online with a capital of N1,000.
But, before that. Let’s look at what making money online entails.
Making Money Online In Nigeria
If you want to start a physical business in Nigeria, the least money you can start with is N5,000.
That’s not for all types of businesses, but for small business-like frying Akara (beans cake), selling of pure water, selling of chin chin and noodles cooking.
Coming to online money making, you mustn’t have the cash to even start. All you need, that most of us even have is a smartphone and good network connectivity and data. Data is the only thing the 1,000 naira is meant to buy.
That is, with your smartphone, good network and data you can start something online and make good money with time.
But note, that it requires perseverance and smartness, for there is no free lunch out anywhere, “even in Freetown, nothing is free.” That’s on a lighter mode though.
How Can You Make Money Online With 1000 Naira
Freelancing is one of the best ways to make money online with 1000 naira in this digital age. Freelancing has to do with performing skill-based jobs online. For any job you do, you will be paid for it.
To be a freelancer, you must possess certain skills. It could be:
- Writing skills
- Graphic designing
- UI/UX design
- Coding and data management
- Transcription and translation
- Social media management
- Web designing and management
- Digital marketer, and so many more.
If I have a skill now, where can I get clients to work for and get paid? There are freelancing sites that link you up to clients that need your skill.
Most of the freelancing sites don’t demand a fee for registration. They only collect a commission from your payment. Some of the freelancing sites are:
- People Per Hour
Dropshipping is a retail business model where you as the seller do not keep nor stock the products you sell.
You act as a middleman that market the product, order it from a third party (usually from the manufacturer) and send it straight to the customers.
Dropshipping is a simple business you can use to make money online with 1000 naira.
Unlike freelancing, here in Dropshipping, the amount of money you make is dependent on your marketing skills.
How to Start a Dropshipping Business in Nigeria
Step 1: Join a supplier
A supplier is a manufacturer or an organization that provides the product you will sell. You can start with Alibaba or Obero.
Step 2: Advertise products
In advertising your products, you can build an online store or advertise on your social media handles. But the former is more effective as it also connects to your social media handles. For a start, you can use “Shopify” since it has a free version.
Step 3: Effective promotion
You must come up with creative ways to bring your products out there in the online world.
Step 4: Send order
After a customer has made an order and paid for it. You gather all the orders and send them to your dropshipping supplier.
Step 5: Order shipped by the supplier
The products will be shipped directly from the supplier straight to the customers. You don’t have any stress in this.
The good thing about this business is that there are no shipping logistics and no upfront inventory cost,
3. Affiliate Marketing
Affiliate Marketing is registered as one of the top digital business skills. You can earn up to N100,000 a week if you understand the techniques.
The good thing is that it is a business you can start with 1,000 naira. It is like dropshipping business in a way, but its concept is bigger.
So, what is Affiliate marketing?
Affiliate marketing is a business marketing model where a business rewards you for specific action towards selling or promoting their product or service. It is a performance-based business model
There are two types of affiliate marketing programs that you can engage in. they are:
- Lead-based affiliate program: In this affiliate program, you earn a commission for every lead you send to the business. So, the higher your leads, the greater your money.
- Sales based affiliate program: This is where the money is. In here you make more money than the other arm of affiliate marketing. You get paid here for every sale made by a customer through your efforts or link.
4. Online Book Publishing
Publishing books (eBooks) online is a great avenue to make money online with 1000 naira, which can build a sustainable stream of income for you.
There are different online platforms where you can publish your books. But before that, you must understand certain things. Which are:
- Your niche market: What is your book talking about, is it on business, cryptocurrency, etc. It must be well defined
- Solve a problem: This simply means the value your book in adding to people
- Research: If you want your book to sell, it must be written with extensive knowledge. This helps you to have a competitive edge in your niche.
- Cover page: A good design on your cover page can attract customers to you.
- Publishing platforms: Make sure, your book is published on a popular and strong platform, for maximum publicity.
Some of the best online book publishing platforms that are free for start are:
- Kindle: Owned by Amazon
- Google Book
- Kobo writing life: Owned by Rakuten Kobo
- Nook press: Owned by Barnes and Noble Press
- Tradebit: Self-acclaimed largest download store in the world.
You should note that for every book you sell on these platforms you will be charged a commission. That’s how the platforms make their own money.
5. Sell images
This is one way to make money online with 1000 naira without having any skill. You just need to have a smartphone with a good camera, then you are good to go.
There is a market for all types of images; is it nature, landscape, or unusual images.
You can just stand, position yourself, take a good shot at the sky targeting the sun in an unusual position, edit it and sell it as nature images. You just must be creative in taking images.
The good thing is that they are editing free apps that can make your images appear more real and beautiful. They are:
- Adobe Photoshop
- Ashampoo Photo
- Inpixio photo clip
The above apps can be gotten from the google play store or IOS.
Where can I sell my images online? There are many websites you can leverage on; some are free for you to upload your images while some will charge you for selling your Images.
Below are the 12 websites where you can make money selling your images online:
- Adobe Stock
- 500px Prime
- SmugMug Pro
- iStock Photo
6. Design Infographics
An infographic is a graphical representation of data or information which is designed for easy understanding.
Examples of infographics are:
- Bar chart
- Pie chart
- Line chart
- Mind maps
- Tree diagrams
- Gantt charts
It is usually used for marketing strategy and as such, there is a ready market for it. What you only need is an understanding of mathematics, figures and creativity.
To ease your stress, there are infographics software that can help you in the representation of data and they are:
- Google charts
- Adobe spark
You can check any of the tools above and feel free to familiarize yourself with any of them.
Where can I sell my infographics? So after you have designed or created a nice representation, you can sell it at the below sites for a reasonable amount of money.
Some of these sites pay in dollars. Is that not exciting?
- Big Stock
- Vector Stock
- GraphicRiver – it is an Envato marketplace
- Creativity Market
For you to make it big in this business. Your design must be understandable and very creative.
In this digital age, you cannot be stranded when you have a smartphone and a good network connection.
The above businesses can earn you up to N20,000 weekly or more with just 1,000 naira depending on your seriousness. If you are yet to decide, do go back, read through again and make your choice.
In the words of Elon Musk, “this year is the year of side hustle”. Even though you are employed in a 9 am – 5 pm job, you can still pick any of them and make extra money from them.