6 Hot Online business Ideas in Nigeria(+ Tutorial Pictures)

If you want to go out of the monthly cheque, go out to make some extra more money, you have to already realize that your pay-day job can't get you that, but one thing will - Online business.

It's just clear.

And that's the reason that you're here in order to directly gain some tricks concerning that.

It's just simple, you can get those sales real quick without solving much of the puzzles, but the basic thing you should know that help in conversion is to noise out where your traffic should convert from.

If you know that and make it consistent, you won't have many struggles not converting those traffic into sales.

But two things will help you in converting those leads and that's you and your business.

Are you skeptical about that, do you want to know why I said you and your business? here's the epic point.

See this, and get these facts.

• Do you know that 40% of people in Nigeria are doing an online business that you ain't just aware of?
• Do you know this pandemic shifted so many people thinking into online marketing?
• 30% of Local buyers that trigger some products are more likely to buy it.
• Just a quick reminder, conversion happens first online, so if your business loses out, the dead knock is that you ain't going to make sales.
• 40% of brands doing online business in Nigeria generate more leads into their online and offline sales funnel, and brands that don't can't just compete.
• 90% of shoppers depend on the trust of online business, so if your business isn't online you won't just get near anywhere of this trust.

So, with those facts above, what does that means to you and your business?

Are you not doing the same yet? are you still thinking about just doing that? are you looking at the costs and some expenses for running it?

Do you think you can't do just that?

If your answer is yes to the questions above, I've got you a reason to believe and grow your passion into some revenue.

Only if you can follow those tricks that you'll see later in this online business guide, I bet you, you'll start having the chances of living the lifestyle that you ever dream of.

It's just so simple, just that you have to believe you can.

Take a closer look at this, Weektracker mentioned that less than a half of the number of people in Nigeria are accessible to the internet(85.49 million of them) and a roughly 27 million are all than active on the social media.

In addition to the stats above, Statista predicted that the number of smartphone users to grow to more than 140 million in Nigeria by 2025.

Do the maths, let's say you get a little fraction of those users.

See, that can be huge for your business and sales funnel.

That's the reason you need to spend on the online business to grow big if you don't know brands and businesses are busy spendings big to stay more solid in the competition and stay even relevant to the following metrics:

• Customer acquisition
• Customer retention
• Leads percentages
• Sales percentages
• Return on investment and more.

In order not to stay behind the scene and not able to compete near any scene, you'll have to spend to make the money.

.....Paid for the traffic.

In other words, use your paid traffic to make cents and Nairas.

The equation is that, turn your paid traffic into a venture of money.

And if spending on paid traffic isn't your thing, what about the free traffic?

.....Do you get the time-investment and consistency? if yes, then you can go all out and make it happen.

It's so simple and those are the big tricks you need to know about.

So, let's do something real quick.

Today, I've got you some lucrative online business tricks that will boost your conversion overnight, if only you follow by the rules.

List of latest, legit and lucrative online business ideas in Nigeria that pays in income daily

1. Get into some insane offers(latest internet opportunities)
2. Sell out and stay big than your products
3. Do drop ship online business
4. Coaching sells
5. Create a Youtube channel and monetize it
6. Is online business really lucrative?

1. Get into some insane offers. 

I'll kind of stay sluggish here, because of the reason I'll have to teach you the runs of online business in a steps-by-steps procedure.

So, you really have to read carefully here.

Now, here's the point, get into some insane offers.

This is where the tricky magic begins, and it doesn't matter where your objectives lie.

Here's what I mean.

If your online business objective looks like, maybe you want to sell your own product or selling someone else product.

What I mean is that everything still works so much the same.

All that you need to do is to figure out what you want to do over there(online business or marketplace), furthermore, to those who you think will likely be your target audience.

So, is that clear?

Now, let's get into some details.

I'll use Jumia as the reference point, the external marketplace you want to generate some sales from.

Remember, you're an affiliate marketer(promoting someone else product), not a vendor(someone who sells, instead of promoting).

For both of them, they ain't the same.

I believe you're very much clear, so, in this case, you want to promote someone else product(affiliate marketer).

So, let's go to the Jumia website real quick.

Here's the landing page of Jumia product pages below:

Wait, before anything else, let me tell you the main purpose of why I'm doing this.

See, apart from I want you to make some real money online, yet I still want you to know about the marketplace.

Just because of these reasons, here's it.

For you to get crazy offers for your online business, you'll need these trackable metrics.

• Research the marketplace: The keyword trends, the competition
• The value of those products: is it dependable? is it, consumer's choice?

I bet, if you can get those metrics right from the onset as an affiliate marketer, you can easily get the sales right.

Now, let's see those tricks, how that can be profitable to affiliate marketers.

Here's the landing page of Jumia, let's see what we can go ahead to do.

On the left-hand side, you're section into some categories, you're free to choose what category fits into your interest.

So based on that, you can go ahead of choosing anyone.

Maybe, let's say I choose a wig for the product to promote.

Think of it this way, we need to hack on the market research + buyer's intent.

So, let's do that real quick, you may have heard about this tool Google keyword planner, for sure some are conversant with the tool.

Just with a quick recap of everything, let's fix in the product keyword on the Google keyword search space to see the average monthly searches.

So, let's do it in a legitimate way.

Just from the screenshot below;

You can see the product keyword triggers 1k - 10k monthly searches.

Well, it's great?

But,  let's see just more.

Apparently, if you're a smart marketer you should see what just happened in the screenshot above.

So, what's it?

I pretty did something different because I eventually knew that if possible I used a broad match keyword the monthly searches will rise but there's no guarantee I'll generate sales or see people convert for my offers.

Just because it isn't scalable and relevant to consumer needs.

It's just a bunch of high traffic that brings no conversion over time.

For me, I don't need so much of high irrelevant traffic, they won't just help for conversion.

That's the reason that I filter the match type from broad match keyword intent to exact match search intent.

You can see that just from the screenshot above.

But, here's the magic thing for online business conversion.

Instead, you use the product keyword, it's best to even use alone the website(Jumia website for product search volume).

I think the simple trick will work better for your affiliate marketing because you need products with high qualified buyer's intent to boost your revenue overnight.

To do just that, fix in on the search tab the website URL.

Just like the one in the screenshot below:

After that, you've placed the site URL,  Google planner will show you the avg monthly searches and competition of all the selling products based on their categories.

After all, you don't have to get too excited yet if your products trigger more searches, it doesn't really mean to sales.

Still, you have to find a product that converts well.

So, how can you go about that?

Well, I recommend you to use these tricks I'll churn out for you below.

• Hack on a product that's highly demanding.
• Sell evergreen products.
• Advertise products with daily needs.
• Promote timely product(black Friday or trending products).
• Hack on a product that's highly rated.

2. Sell out your products

In this kind of scenario of selling out your product, it may be your product or someone else product.

Whatever it is, you're still trying to be sure to make justice of how to sell out.

Now, in the corporate world especially in the jungle of online business, the competition really is high.

You've to instantly state what you want to do and why you're doing it in order to stand out.

Do you get that?

Maybe let's take a look at some legitimate examples of how some marketers grew their online business from zero cents to millions of cents.

You don't need to talk under your duvet, you can also do that as well.

The equation is just that, you've to believe you can.

Here's the thing.

I won't talk about myself because I generate more money teaching and coaching people and some of you already know me, why not make me talk about some other successful marketers out there?

I think that will be better, okay?

So, you just have to keep a listening ear to what CNBC said about a young man called Trevor Chapman who turned $200 into $1 million dollars selling Kevlar pants online.

That sounds crazy, right?

Let's look into how he did it.

Day one, Chapman lost money.

At the early stage, he was selling the wrong product. According to him, my initial thing was that I was going to sell Mormon artwork online. 

That was probably up for 10 hours, he says, 

I realized that what I was peddling online was not compelling enough to drive traffic.

After some while, Chapman realized that the possible best way to make money online is to spend big on an e-commerce website.

Now, Chapman was able to realize the new way of spending less time and making more money just doing online business, which made him some crazy figure.

Well, he also came across a quote by Warren Buffet;

If you don't find a way to make money while you sleep, you will work until you die.

That sounds hilarious, wasn't it?

And I think that kind of online business will pay off fast in Nigeria.

Well, let don't just think about Chapman, that he's own journey, not urs. 

You'll still have to think about what you want to do and how you can convert those traffics into sales.

Well, that's the difficult path and truly, it is.

Turning traffic into sales can be really difficult.

Don't just worry, I'll tell you the equation of what you can do that visitors will convert right away.

And the formula is:

• Add value 
• Nurture those leads.

These two formulas work like magic, so let me pick them one after the other.

First,

• Add value - 

If you have to take a closer look at some success stories of online business, you should know it doesn't just happen right away.

Get the point.

They did more to acquire more, that's just the formula.

....Give and take modem.

And that gives modem is just that value they want to see from you.

It's what that will hook them to stay and probably make them stick around.

Mind you, that won't lead them for a purchase decision yet.

No, that won't happen so early.

No matter what campaign you throw up to get them going to buy from your sales funnel.

Just know it can't still convert them.

Remember, you ain't the only one doing it, people are still competing with you.

That's the reason you need to play the online business game smartly.

For example, let's say you want to start an online business in Nigeria.

First, you have to do some quick research about how you want them to buy.

But in a way that is more valuable to them.

Just don't make it obvious you want to buy them for your business.

It's not right.

But, what can you do?

It's clear, you just need to know who you want for your business.

.....I mean your ideal customers. I think this guide here will help you.

After you have considered who you think might be a good fit for your business.

The next stage is how you can get them for traffic.

Right?

Maybe you should see this, your favorite time bond mate, Frank Mckinley.

Here's what he said:

I know this was coming. I knew because years ago, I decided to not only write a book but sell them as well.

Which he later implements these two strategies that make him sold thousands of copies online.

Here's how he did it.

• How to write a book that solves people's needs - That's the value.
• How to market and promote those books so they sell every single month.

These are the two things he did for conversion.

What about you? How do you want to do just that?

It's simple, I'll show you the way to drive traffic in the third step so that you can grow your online business in Nigeria into what pays daily while you sleep.

• Now, for the leads generation.

Here's what it means.

Let's say you've targeted traffic already, you don't want to make a mistake not keeping them.

Remember, it's just a short term goal, it has duration it runs especially when you are optimizing for paid ads.

For that reason, you've to build them for some subscriber lists.

That will easily make you have the intent of nurturing them for a sales internship.

Just to recall you, it takes almost 6-7 touches for you to acquire just one lead.

Just think to yourself, how much money you're going to spend, and the risk of the Return On Investment.

If you ain't taking some close tabs of getting those contacts for leads nurturing.

3. Do drop ship online business

Whether you're to start a full-functional ecommerce website.

Or you want to get some hands into dropshipping in other e-commerce platforms.

You can get it done, whether you are thinking of just starting an online business as a student.

The Internet opportunities in Nigeria are numerous you just have to know which one goes into your way.

So, what are these so-called opportunities?

Before I dive into that, I want you to know this.

By now you should have read tons of online articles that talked about the untapped business idea in Nigeria.

It's fine.

But here, I will show you lucrative and legit online business ideas in Nigeria 2020, see it below:

• Go out to build trust and authority
• Stay in the contest with time when promoting a product
• Do more of social listening
• Build your products for a word of mouth marketing
• Stay reliable with your product
• Stay big than your product
• Use social monitoring to discover new benchmarks and KPIs.
• Track your performance
• Build fans for your products
• Use email marketing to nurture more leads

That said, the outcome is clear, it brings conversion over time.

Now, how you can promote your offers and drive leads.

The formula here is:

.....Paid for the traffic.

Here's why.

Making your online business grow and profitable requires just these three components, and you can't buy them, you can only adapt to them.

And what are these components?

• Fast 
• Urgency
• Needs

Do you just see those components above? those are what you can't buy, but you can only track them.

And if you insist you can buy them, you only got one to buy but the rest of them is all about strategies.

So, what's that you can buy?

That's the fast strategy, how can you run that?

Use advertising platforms.

And here's why.

If you don't know much about SEO, not having any idea about how it works, just don't try it.

If you don't want to get your panties wet.

Secondly, that isn't the epic reason I don't want you to use SEO for your online platforms.

I can only advise you to use that to build trust and authority for online shoppers and more importantly, use that to drive insane traffic over time.

But for the one of fast traffic, SEO can give you just that.

As you know that SEO requires you to be patient and consistent and if you can't stick to it, you won't just rank and your product pages tank.

So in order to not dent your product pages for purchase intent, Google requires you to have the best product optimal user experience out there.

And if you can do that, what it means is that Google will love you and rank you over any other competitors.

Do you get that?

So, in this case, do we need to stay patient before we make sales?

I think that should be a NO, we need fast traffic, we need to build authority for those product pages, and in return, it helps with boosting search rankings.

That's the reason you've to pay for the traffic when you pay for the traffic, advertising platforms will love you, they'll trust you and associate with you.

This means they'll send you traffic that's dependable and consistent.

So, how can you go about that?

Well, the most dependable one is that of Facebook ads, you can use that to grow your online business and drive more in sales.

Here's how to do that.

The Facebook team will typically ask you what your objective is.

Let's say you pick one of those objectives,

Listen and be careful, before you run any Facebook ads in Nigeria, be sure that you know who you're targeting, your target audience means a lot to your campaign success.

That means if you don't know who your ideal customer profile is, I advise you to create one now for your business.

Now, the success of running a Facebook ads copy is dependable on these:

• Relevant
• Bids.
• Content

Still, those aren't only the dependable factors, your ad copy segmentation also contributes to it.

If you want to receive any success running Facebook ads, you must build on the rock of sustainable and valuable content.

And, that means, you must write your ad copy headline based on urgency and user's search intent.

Here's an example of one below, although it's just an example, and that's the one of Domino's pizza.

Just a sample.

If you see the ad copy below there was a kind of urgency, unique proposition, and meeting customer's need in the ad copy.

And that's the trick you need to know, you've to go ahead meeting those needs and try possible to add value to their buyer's journey.

After all, use Facebook audience insights to target pages they like.

4 Coaching sells

If you're skilled at doing something, you should try to think about how that skill can turn into Nairas.

Sell out what you can do.

You can start an online business training with some free tools.

Or possibly use your online platforms to direct leads to your registration landing page.

All that you need to do is to build a strong graphics copy of the detail of what you intend to teach.

With a strong call-to-action presence.

5 Create a Youtube video and monetize it.

YouTube isn't the thing in Nigeria but that doesn't mean you won't have a big success if you make a try today.

What matters is the content you're driving out to the users, how compelling and engaging it is.

First, let me tell you how Youtube works.

The second most visited search engine after Google.

It works based on the algorithm and it ranks video content based on their click-through-rate.

That means, if your content can look so compelling on the user's face, the Youtube algorithm will love you for your video.

It's just simple.

It shows Youtube ranks and love content based on the user's intent.

So, how can you go ahead making money on Youtube in Nigeria?

• Create a Youtube channel

If you want to make any success out of Youtube, it starts with your Youtube keyword.

So, what's that keyword?

The keyword is just that short snippet you want to rank for, that's what people will know you for.

For that reason, it means you've to be sure it's something you can boost you have passion for.

Once you're set, you need to know the Youtube requirement of making money. 

You need to meet 4000 public watch hours in the last 12 months and 1,000 subscribers before they can allow you to be eligible for their monetization.

• Use Thumbnail to attract clicks

If you want your video to stay at the top of the search, you need to create a compelling thumbnail that attracts clicks.

Here's an example of one, 

You can see just from the screenshot above, the more engaging and attractive your thumbnail, it means the more you generate more clicks.

• Use engaging headlines

Use headlines that resonate with the user's search intent, if you can bring up a headline that resonates with the voice of the searchers there's a higher tendency they'll convert for your offers.

• Do Youtube SEO

In the search space, insert the keyword you want to rank for, Youtube algorithm will show you related search terms but you don't have to copy the same.

Just leverage it for some content ideas.

After all, write a long meta description because the longer your meta description the higher you rank.

If you can see just from the screenshot below, 

You can see how the Youtube publisher is directly it's viewers with his affiliate and website links.

That's because he knows that is the only way he can generate more traffic that turns into sales.

With such tricks, it's possible he has grown his online business.

Another thing that can make your business gain more income daily in Nigeria using Youtube, is to use the trick called Tags.

Here's the purpose of this.

When you use tags, better still, relevant tags, tags with high traffic and of recent videos, your video will show as related videos like the one in the screenshot below:

So, the final point is.

• Share, share, share

6. Is an online business lucrative in Nigeria?

And, yes, an online business is so lucrative in Nigeria when you as well fulfill the components of fast traffic, solving customer's needs, and staying dependable.

What you should know about internet opportunities in Nigeria.

Internet opportunities in Nigeria are crazy, like hell, it's where businesses can generate qualified leads that turn into sales. Since almost every demographic uses the internet, it's bold to say the ROI is dependable.

Conclusion

Online business in Nigeria is legit, it's what can bring you daily income while you sleep.

You've to know that there are other legit online business 2020 like:

• Flipping of websites
• Bitcoin
• Forex and trading
• Online seminars
• Playing games online
• Reading news
• Blogging
• Selling of photos
• Doing online consultant
• Making money through Instagram video.
• Freelancer

All that are bunches of legitimate online business in Nigeria. So, you can also learn how to nurture your business to gain more in sales in Nigeria.

So, over to you, how do you want to go about starting your online business in Nigeria?

I'm Destined boy, a certified digital and inbound marketer.

Follow @Blogdestined