Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 2,908,998 members, 7,015,783 topics. Date: Saturday, 13 August 2022 at 10:45 PM

5 Legitimate Ways Nigerians Can Build Residual Income On The Internet - Business - Nairaland

Nairaland Forum / Nairaland / General / Business / 5 Legitimate Ways Nigerians Can Build Residual Income On The Internet (165637 Views)

Build Residual Income Here!!! / 5 Legitimate Ways Nigerians Can Build Residual Income On The Internet / 6 Lucrative Businesses Nigerians Can Do In 2017 (2) (3) (4)

(1) (2) (3) (4) (Reply) (Go Down)

5 Legitimate Ways Nigerians Can Build Residual Income On The Internet by importexpert(m): 2:14am On Sep 07, 2016
With the dwindling nature of the Nigerian economy, one will have no option than to shed tears for both the unemployed and under employed masses. instead of news of 20,000 5000 or 500 people being employed, the most common news these days are, either zenith bank sacking 1200 employees or first bank sacking 2400 employees or oil companies sacking 18500 people and so on. this series of downsizing by Nigerian companies is becoming too alarming and Nigerians need to embrace online alternatives for creating passive income.

Remember that the internet is like a vineyard where their is fruit for all. the more your contribution the better your fruit will be. In this article, the Nairaland community will discover 5 ways to build residual income on the internet. Residual or passive income is that income source that keeps paying you on a consistent basis with very minimal effort.

1. Affiliate Marketing

Affiliate marketing is an income sharing partnership between a merchant and an affiliate marketer. In this type of business, the affiliate marketer agrees to promote or sell the merchants products and a certain percentage is paid to the affiliate marketer in the form of commission. You can build residual income with affiliate marketing by promoting products that pays commission on a recurrent basis. There are so many affiliate networks around where you can easily find the right products to promote.

2. Network marketing

This type of business leverages on the power of people, imagine having a chain of people whose effort keeps paying you on a consistent basis. Network marketing is an efficient way to build residual income fast. Reason being that by having lots of people in your network that keeps duplicating your effort, it means your income source also multiplies as the number of people in your chain increases. The beauty of network marketing is that your income source will keep paying you for as long as there are people still working in your network. Lots of legitimate network marketing businesses abound online today, you only need to get on board and start building your own residual income streams.

3. Information marketing

Information marketing is the art of selling info products in the forms of eBooks, videos, audio, seminars etc. The key work here is selling solution laden products to people who need them. Man will continue to have problems in all facets of life. Hence, he will seek solutions to these problems. This is where the information marketer comes in, he sells the solution to people's problems. By continuously churning out valuable products, the information marketer is able to build passive income on the internet.

4. Blogging

You can build a continuous income source by becoming a blogger. Simply discussing about a popular topic has the potential of driving lots of traffic to the site, you can incorporate various sources of income to the site. As long as it is in an evergreen niche, people will keep visiting the content and the income streams will continue to generate passive revenue.

5. Mini-importation

This stream of income avails you the opportunity to provide a solution driven product that your customers have been wanting to have. you will keep having consistent follow of income if you continuously keep providing appropriate products that will satisfy the needs of your customers.

each of the above steps are deep rooted, you will need to embark on your personal research to succeed in any of them. you can feel free to ask all your questions in the comment section.

11 Likes 3 Shares

Re: 5 Legitimate Ways Nigerians Can Build Residual Income On The Internet by importexpert(m): 2:16am On Sep 07, 2016
thinking of where to start from? you can see my extensive work on importation at www.importsng.com

2 Likes 1 Share

Re: 5 Legitimate Ways Nigerians Can Build Residual Income On The Internet by thesicilian: 3:05am On Sep 07, 2016
Can you expatiate on the information marketing stuff?
Re: 5 Legitimate Ways Nigerians Can Build Residual Income On The Internet by paschal47(m): 3:42am On Sep 07, 2016
My question is why are you stingy with FTC you are the OP yet you still want FTC. undecided

1 Like

Re: 5 Legitimate Ways Nigerians Can Build Residual Income On The Internet by femiabiolajamb(f): 9:44am On Sep 07, 2016
this is another hot one coming from baba in the house. this are what should be making fp not some boobs and boots. Lalasticlala to the recuuuue cheesy

1 Like 2 Shares

Re: 5 Legitimate Ways Nigerians Can Build Residual Income On The Internet by importexpert(m): 9:56am On Sep 07, 2016
thesicilian:
Can you expatiate on the information marketing stuff?


yes. information marketing is simple. lets say you carried out a survey and find out that nairaland users want to know how to write very good articles. you can carry out a an extensive research about writing articles, learn to write, experiment your findings and confirm they work very well, package it as a training, ebook, video or audio guide and offer it to them. since they need it to get better, they will pay for it. this is it in a nutshell. it can be put in a million different ideas. hope you understand?

3 Likes

Re: 5 Legitimate Ways Nigerians Can Build Residual Income On The Internet by importexpert(m): 9:58am On Sep 07, 2016
paschal47:
My question is why are you stingy with FTC you are the OP yet you still want FTC. undecided


haba bro, i go just build house finish you no go allow me dance for inside small, you just want to start partying inside cheesy

5 Likes

Re: 5 Legitimate Ways Nigerians Can Build Residual Income On The Internet by importexpert(m): 10:01am On Sep 07, 2016
femiabiolajamb:
this is another hot one coming from baba in the house. this are what should be making fp not some boobs and boots. Lalasticlala to the recuuuue cheesy

thanks femi. you are the boss. lalasticlala the thread is waiting for your blessings grin
Re: 5 Legitimate Ways Nigerians Can Build Residual Income On The Internet by generalbush(m): 10:13am On Sep 07, 2016
importexpert nice thread...
How profitable is this importation business...
I always wanted to ask....
And that your EBook cost ooo...
reduce the price na... na Buhari era we dey...
Re: 5 Legitimate Ways Nigerians Can Build Residual Income On The Internet by thesicilian: 10:16am On Sep 07, 2016
importexpert:



yes. information marketing is simple. lets say you carried out a survey and find out that nairaland users want to know how to write very good articles. you can carry out a an extensive research about writing articles, learn to write, experiment your findings and confirm they work very well, package it as a training, ebook, video or audio guide and offer it to them. since they need it to get better, they will pay for it. this is it in a nutshell. it can be put in a million different ideas. hope you understand?
Yeah, perfectly. Sounds promising. Thanks.
Re: 5 Legitimate Ways Nigerians Can Build Residual Income On The Internet by importexpert(m): 10:27am On Sep 07, 2016
generalbush:
importexpert nice thread...

How profitable is this importation business...

I always wanted to ask....

And that your EBook cost ooo...

reduce the price na... na Buhari era we dey...

despite the cost of dollar, competition is currently very low in the market. this is because many importers do not know the way out. with the very cheap sites i discussed in the guide, the business is very profitable
Re: 5 Legitimate Ways Nigerians Can Build Residual Income On The Internet by importexpert(m): 10:28am On Sep 07, 2016
thesicilian:

Yeah, perfectly. Sounds promising. Thanks.

i wish you success. if you have further questions they are always welcome.
Re: 5 Legitimate Ways Nigerians Can Build Residual Income On The Internet by generalbush(m): 10:31am On Sep 07, 2016
importexpert:


despite the cost of dollar, competition is currently very low in the market. this is because many importers do not know the way out. with the very cheap sites i discussed in the guide, the business is very profitable

Are you on WhatsApp??

So that I can add you up

1 Like

Re: 5 Legitimate Ways Nigerians Can Build Residual Income On The Internet by importexpert(m): 10:38am On Sep 07, 2016
generalbush:


Are you on WhatsApp??

So that I can add you up


yes am on whatsapp, but i respond to only those with my guide because of too many people to respond to. you can always call me or ask your questions here.
Re: 5 Legitimate Ways Nigerians Can Build Residual Income On The Internet by generalbush(m): 10:46am On Sep 07, 2016
importexpert:



yes am on whatsapp, but i respond to only those with my guide because of too many people to respond to. you can always call me or ask your questions here.

Let me call you then....

Can I use the number on your signature??
Re: 5 Legitimate Ways Nigerians Can Build Residual Income On The Internet by oteneaaron(m): 11:25am On Sep 07, 2016
importexpert:
With the dwindling nature of the Nigerian economy, one will have no option than to shed tears for both the unemployed and under employed masses. instead of news of 20,000 5000 or 500 people being employed, the most common news these days are, either zenith bank sacking 1200 employees or first bank sacking 2400 employees or oil companies sacking 18500 people and so on. this series of downsizing by Nigerian companies is becoming too alarming and Nigerians need to embrace online alternatives for creating passive income.

Remember that the internet is like a vineyard where their is fruit for all. the more your contribution the better your fruit will be. In this article, the Nairaland community will discover 5 ways to build residual income on the internet. Residual or passive income is that income source that keeps paying you on a consistent basis with very minimal effort.

1. Affiliate Marketing

Affiliate marketing is an income sharing partnership between a merchant and an affiliate marketer. In this type of business, the affiliate marketer agrees to promote or sell the merchants products and a certain percentage is paid to the affiliate marketer in the form of commission. You can build residual income with affiliate marketing by promoting products that pays commission on a recurrent basis. There are so many affiliate networks around where you can easily find the right products to promote.

2. Network marketing

This type of business leverages on the power of people, imagine having a chain of people whose effort keeps paying you on a consistent basis. Network marketing is an efficient way to build residual income fast. Reason being that by having lots of people in your network that keeps duplicating your effort, it means your income source also multiplies as the number of people in your chain increases. The beauty of network marketing is that your income source will keep paying you for as long as there are people still working in your network. Lots of legitimate network marketing businesses abound online today, you only need to get on board and start building your own residual income streams.

3. Information marketing

Information marketing is the art of selling info products in the forms of eBooks, videos, audio, seminars etc. The key work here is selling solution laden products to people who need them. Man will continue to have problems in all facets of life. Hence, he will seek solutions to these problems. This is where the information marketer comes in, he sells the solution to people's problems. By continuously churning out valuable products, the information marketer is able to build passive income on the internet.

4. Blogging

You can build a continuous income source by becoming a blogger. Simply discussing about a popular topic has the potential of driving lots of traffic to the site, you can incorporate various sources of income to the site. As long as it is in an evergreen niche, people will keep visiting the content and the income streams will continue to generate passive revenue.

5. Mini-importation

This stream of income avails you the opportunity to provide a solution driven product that your customers have been wanting to have. you will keep having consistent follow of income if you continuously keep providing appropriate products that will satisfy the needs of your customers.

each of the above steps are deep rooted, you will need to embark on your personal research to succeed in any of them. you can feel free to ask all your questions in the comment section.


OP you didn't mention the the Boss of all of them-- FREELANCING .... been a freelancer is the best online Business anyone can venture into. You sell you skills and get paid....


Nice Post though..

i tagged you here hoping you were going to say something-- https://www.nairaland.com/3335144/does-recession-benefit-nigerian-freelancers

4 Likes

Re: 5 Legitimate Ways Nigerians Can Build Residual Income On The Internet by importexpert(m): 11:40am On Sep 07, 2016
generalbush:

Let me call you then....
Can I use the number on your signature??

ok.feel free to do so
Re: 5 Legitimate Ways Nigerians Can Build Residual Income On The Internet by efilefun(m): 11:47am On Sep 07, 2016
You skipped freelancing where some people are making millions from and even employing people to "work" for them
Re: 5 Legitimate Ways Nigerians Can Build Residual Income On The Internet by breadwinna: 11:50am On Sep 07, 2016
Sport betting is another legal way to make extra income,but unfortunately,people seem to criticize it.I built my house with money i won from sport betting,and it is still paying my bills even now.Money from sport bet is like a free money placed somewhere and a Lion is asked to guide it.So u have to play cautiously to pick that money or u become a sweet food for the lion.Now from my experience so far,to win big in sport bet u must do some of the following.1.If u are man,avoid women,pornography,and Masturbation.2.U must learn how to GIVE out,render help when u have the opportunity .Follow these two rules and u r on ur way to winning big.

1 Like

Re: 5 Legitimate Ways Nigerians Can Build Residual Income On The Internet by ladyF(f): 11:51am On Sep 07, 2016
Nice write-up. grin Quite a few people are making money online, they receive through Skrill sometimes, freelancers, affiliate marketers, forexers, domain name sellers, and many more.

It's [size=15pt]LadyF[/size] again grin grin grin

[size=5pt]Make I go continue my search for Skrill funds...freelancers, forexers, biko epp me. N390/$[/size]
Re: 5 Legitimate Ways Nigerians Can Build Residual Income On The Internet by sampled(m): 11:53am On Sep 07, 2016
this is an example of network marketing in nigeria,"Earn money online by working part time job, earn up to ₦5,000 daily, 100% sure, guranteed and confirmed. Join at: coolnaira .com you can use "greatdaniel" as your sponsor
Re: 5 Legitimate Ways Nigerians Can Build Residual Income On The Internet by lonelydora: 11:54am On Sep 07, 2016
Ok
Re: 5 Legitimate Ways Nigerians Can Build Residual Income On The Internet by Visman(m): 11:54am On Sep 07, 2016
Na lie, d best way to make money now na mmm Nigeria, register today and enjoy

3 Likes

Re: 5 Legitimate Ways Nigerians Can Build Residual Income On The Internet by ALAYORMII: 11:54am On Sep 07, 2016
Need more info about mini importation
Re: 5 Legitimate Ways Nigerians Can Build Residual Income On The Internet by ladyF(f): 11:57am On Sep 07, 2016
Visman:
Na lie, d best way to make money now na mmm Nigeria, register today and enjoy
lol grin
Re: 5 Legitimate Ways Nigerians Can Build Residual Income On The Internet by sheyguy: 11:59am On Sep 07, 2016
importexpert:


i wish you success. if you have further questions they are always welcome.
Isn't mini-exportation more profitable than mini-importation in a time like this? If you export $1,000 of service or product that's N400K. In importation that will require some level of time, money, and marketting-effort investment.

2 Likes

Re: 5 Legitimate Ways Nigerians Can Build Residual Income On The Internet by fergieboy: 12:00pm On Sep 07, 2016
Recycle topic upandan

Mod should stop moving this dude topic to FP

1 Like

Re: 5 Legitimate Ways Nigerians Can Build Residual Income On The Internet by Funjosh(m): 12:01pm On Sep 07, 2016
lipsrsealed lipsrsealed
Re: 5 Legitimate Ways Nigerians Can Build Residual Income On The Internet by AlexzStructure(m): 12:02pm On Sep 07, 2016
Thank you, I just learnt... And hre's another way.... Check the link below...

(1) (2) (3) (4) (Reply)

Mike Adenuga's House In BANANA ISLAND, Lagos (Photo) / Say No To Aliexpress And Alibaba Importation (But Other Great Chinese Sites). / Forex Trade Alerts: Season 22

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2022 Oluwaseun Osewa. All rights reserved. See How To Advertise. 136
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.