How to make money online in Nigeria as a student

12 Proven ways to Make Money Online in Nigeria as a student |The Complete Guide

How can a Nigerian student make money online?  One question I got from a friend on Facebook.

Hi there, welcome back to Naira Online, in this very detailed post, I will be talking about the topic "How can a Nigerian student make money online". This is an interesting topic to talk about at this time because currently, most students are staying at home after school or during the holiday

Jobs are not available that much in the Country and with the soaring prices of foodstuff and all, Students really need to support their parents in paying the bills, especially teenagers and those above 20. However, with the lack of jobs in the country, it is almost impossible, everyone is online doing one thing or the other.

And with the possibility of making money on the internet, many Nigerian students are looking to start earning from the internet so that they can support their parents in sorting out bills, some students are not even living with their parents, and some others have lost their parents and are the ones catering for themselves.

These have led many Nigerian students to refer to google in search of ways they can make money online, in fact, that is why I am writing this post today, to help as many people as possible, so if you come across this post today and you are interested in making money online in Nigeria as a student, then I believe that you will find this post very helpful

Because with years of experience in making money online, and also being a Nigerian,I will share everything I know about making money online in this post, so take your time and read through this post.

Is making money online in Nigeria difficult?

No, making money online is not difficult, because there are countless ways you can make money online, some of them will pay off from the first day you start doing them, some others will take weeks, others will take months and some others will even take up to a year for you to start seeing any positive results.

However, it also depends on the router you take, if you want to start an online business, then it may take a while for you to start making money off of it, but if you just want to do simple tasks online and get paid, it may start paying off from the first day.

Don't worry too much about this because, in this post, I will share everything with you from a ground level, so even if you haven't tried to earn money online yet, this post will be beginner friendly

Read my recent post, How to make money online with Gemgala

12 ways to make money online in Nigeria as a student

Below I am going to share with you, some of the best possible ways you can make money online in Nigeria as a student, but this is the first of two categories that I will be showing you in this post. Consider this category as the category that will make you much more money than the second category, and some of the ways that I will mention in this category will require you to spend some money.

1. Start an online business

An online business as it sounds is self-explanatory, it simply means building a business but on the internet, while this may sound somehow confusing, it is very simple and can be done by anyone. it works similar to normal business people do offline, the only difference is that it is based on the internet.

Think of this, if you want to start a business currently, what are the things you need to get in place? you need to decide what you want to offer people, is it food, accessories, furniture etc. when you have decided the type of thing you want to offer, then you can proceed to build the business from the ground up.

Let's say you want to offer food, I chose food because I like food so much, I hope you don't mind ;). Now in order to start the business, you will need to either be the cook or hire a cook or more cooks, then you will need a website because it is an online business.

Now, all the types of foods you are selling will be displayed on your website, followed by how people can place orders and have the food delivered to their location. After your website is up, you can start driving traffic to your website and people will start placing orders.

Above is a good example of an online business. It is as simple as it sounds, no strings attached, anyone can do this because it is business, and it requires startup capital.

2. Start a blog

Blogging is the art of publishing your own journal on a special type of website called a blog, this post you are reading right now for example is published on a blog called Nairaonline, so by reading this, means that you are reading Naira online's blog, I am the blogger and you are the reader, I hope you understand this.

Blogging is a lucrative way to make money online, and it is quite simple to understand. all that is included in blogging is you as the blogger simply writing on your blog and allowing readers to read them. The way bloggers make money is by displaying ads, affiliate products or selling their own products or service to their readers.

As you are reading this blog right now, you may see advertisements on this blog, you may see affiliate links or I may even introduce you to my product or service and by so doing, I will be making money.

Pretty easy to understand right?

3. Start dropshipping

Dropshipping is when you sell products to customers without having the products in your possession, to further clarify my point, Dropshipping is when you find a supplier, then you advertise the supplier's products to people, and when they place their order, you will submit their orders to the supplier and the supplier will handle the rest.

You don't need to ship the product to the buyers, all you need is to collect and submit their orders, in this way, you will be making some money in the process.

How do drop shippers make money?

Image source: oberlo blog

Dropshippers make money when a customer places an order on their dropshipping store, the customer is paying the retail price, while you will be paying a wholesale price that is set by the supplier, this means, if the wholesale price is $10, you can sell the product on your dropshipping store for $12 or even more, at the end of the day, you will be keeping all the extra money for yourself.

Dropshipping is very lucrative and also very simple, the only work you need to do is to look for a reliable supplier, then set up your dropshipping store and start making sales.

4. Start drop servicing

Drop servicing works in a similar way to dropshipping, however, drop servicing is when you offer services rather than selling products. This means that, without having a skill, you can collect a job from a client and hand it over to someone with the required skill, you will charge the client a certain amount, then after when the job is done, you will pay the person that does the job a price lesser than the actual price that was paid by the client.

If you take a web design job for $100, you will look for a web designer and pay them a lesser price for them to do the job, in this way, you will be making money from the price differences.

Drop servicing is super simple, so even if you have a lot of studies, you can still do it on the side and be making money as a student.

5. Become a freelancer

Freelancing is when you offer services to clients without actually meeting them in person, you can find freelance clients on freelance websites, social media, forums and so on. But before you can do freelancing, you need to learn a skill that you will be hired for.

You can learn a digital skill that is in high demand such as freelance writing, SEO, web design, cryptocurrency projects, NFTs, Videography etc, after learning a digital skill, you can then join freelance websites and start looking for jobs, you can also find clients directly on social media, forum and so on.

While freelancing can be a good way to make money online as a student, some of the jobs are time-consuming, which means, some of the jobs may take more time or even affect your studies.

6. Invest in cryptocurrency

Cryptocurrency is referred to as the currency of the future, aside from that, many crypto projects have made millionaires over the past few years since Bitcoin was brought to the limelight, Bitcoin, for example, has increased substantially over the past decade, so investing in cryptocurrency can be very profitable, but it should be done with care, and it also requires some time and patient too

You can learn cryptocurrency trading to try making a steady income as a trader, although this may not be the best option for you if you don't have some trading experience.

How to make money online in Nigeria as a student without investment

Below I am going to share with you, some of the best ways to make money online in Nigeria without spending a dime, some of these simple ways require time and patience, so you might need to slow down a little bit for you to actually succeed in this.

1. Take online surveys

You can actually get paid for taking surveys on the internet if you don't already know what an online survey is, online survey is when you are paid for your honest opinions about apps or websites. The good thing about making money online with surveys is, that there are a lot of survey sites that you can join and participate in for free.

Although the pay is low, when you join many of them, you will end up making a few bucks, some survey sites pay up to $40 per survey, but the majority of them pay less than $3 per survey, that is why you can't make that much money from it.

But it's still cool because you are not paying anything to join these survey sites.

2. Do transcription jobs

You can get paid to transcribe videos or audios to text documents on the internet, just like survey sites, there are also many transcription sites where you can join and get jobs on a regular basis but take note; sites like these are saturated because many people are also looking for extra cash on the internet, so it is possible if you don't get that many jobs that you expect since many people are also demanding for the same thing.

However, getting jobs once or twice or more every week is very possible, some transcription jobs will pay up to $4 per minute of transcribing while most of the time you will be paid around $2 per minute of transcribing.

3. Become a virtual assistant

Becoming a virtual assistant can help you make some money on the internet as a student in Nigeria, and one thing I love about this way of making money is that it can end up paying you regularly as long as you keep up with the jobs, although some virtual assistant jobs may take a lot of your time, most of the time, they won't, especially if you are good in managing your working time

A virtual assistant is a person who works as an assistant for someone on the internet, you might be paid to help with simple work such as scheduling working time, keeping records and so on.

You can get paid around $1 to about $10 per hour for being a virtual assistant, to get hired as a virtual assistant, you may need to join freelance websites like Fiverr, Upwork and Freelancer. Sometimes you might also get hired through your social media

4. Start affiliate marketing 

Affiliate marketing is when you recommend products or services to people and when they make a purchase, you will make a cut from the amount they spend on the purchase. Affiliate marketing is very lucrative and also very popular because it is a great marketing system that helps business owners get more customers

Because of its effectiveness, many businesses are paying affiliates to simply promote their products so that the affiliates will get compensated whenever they invite someone to actually make a purchase.

You can become an affiliate marketer by looking for one or more affiliate programs to promote, when you find them, you help them promote their business to new customers and get paid whenever your affiliates make purchases.

Read my post on how to make money with Gemgala affiliate program

5. Start a Youtube channel

You can start a Youtube channel anytime and keep uploading videos, when you get up to a thousand subscribers and four thousand watch hours, you can join the Youtube partner program and get paid when people watch your videos. Starting a youtube channel is easy, but after starting, you need to stay consistent in order to reach the partner program requirements.

Before starting a Youtube channel, consider deciding on a niche, then start uploading videos consistently until you reach the required 4000 watch hours and 1000 subscribers then you can apply for the Youtube partner program. When your channel is reviewed and accepted, you can start getting paid monthly for your hard work.

6. Sell photos on the internet

The last method of making money online in Nigeria as a student is simply selling photos online, as easy as it sounds, selling photos online is quite simple and straightforward. You need to be a good photographer with a good quality camera, or you may need some experience in creating some really cool photos with photoshop or other graphic design software.

Selling photos online is lucrative, but you need a lot of photos to actually start seeing any positive results from it, there are a lot of websites where you can sell your photos and most of them are actually free for you to sign up for.

FAQ about making money online in Nigeria as a student

Final thoughts

If you have been looking for ways to make money online in Nigeria as a student, hopefully, this post should help you out, everything you need to know has been explained above, and if you have any questions regarding this post, kindly leave it in the comments section and I'll take out time to reply to your questions