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5 Businesses That Ruled The Online World In Nigeria In The Last One Year - Business - Nairaland

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5 Businesses That Ruled The Online World In Nigeria In The Last One Year by importexpert(m): 5:58pm On Jun 29, 2017
The last one year was a beehive of activities online in Nigeria. The rise in the use of the internet as a platform of earning money could have been due to many reasons. Many have however pointed to the bad state of the economy as what forced many Nigerians into exploring other avenues of earning money.

Incidentally, all these businesses were suitable for even those with jobs as they could be run as part time businesses. Not only that, four of the five businesses had their payment in foreign currency. This was a great opportunity as the naira was already on a free fall and this made it possible for the earnings in foreign currency to translate to more funds in the Nigerian currency. Many Nigerians are still engaging these opportunities while many more are joining the train. After all, who wouldn’t want to earn extra bucks legitimately in this period?

So, what are these businesses? Let’s begin.

1. Ponzi Schemes: For the second half of the year 2016, Ponzi scheme was the hottest “business” in Nigeria. But i will not advice even my enemy to invest in them It offered an incredible 30% returns on “investment.” I had to include this in the list because at that time, none of the members of such schemes would want to hear that this was not a business. Ponzi schemes enjoyed a wide range of patronage from both the educated to the uneducated and even to the market women. Tables however turned in December when the mother of all Ponzi schemes crashed. Many people lost their hard earned money. Some still believe that MMM is back and are currently engaging the platform again. Of all the businesses on this list, this happens to be the most risky because it required your money to give you money as “returns”.

2. Kindle Publishing: This platform grew in popularity also in the last one year. Though it did not enjoy wide patronage like other businesses on the list, it remains a very lucrative opportunity. Kindle Publishing allows you to publish books in soft copies for sale. To succeed in this business, patience and a knack for research are two compulsory requirements. Not only that, this business is a little bit intricate that it takes considerable time for anyone to make a serious headway in it. It is still, however, a viable option for anybody who wants to earn money online legitimately.

3. Blogging: It would be a modest statement to say that the number of blogs doubled in the last 2 year. With the glaring success of bloggers like Linda Ikeji, many Nigerians took the opportunity as an avenue to earn online. Within a short time, it seems bloggers were just too many and crowded the internet space. The downside of it was that many who ventured into it never took time to understand it. Personally, one of the flaws I have noticed is that recent bloggers are too concerned with traffic that they would do anything and post anything to get you to their blog. However, real success in blogging comes from building an audience. With an audience, you don’t have to resort to gimmicks. They would always come back to your blog if their previous experience was worth it. The success of a blog, I would say, is not in having fans or mere readers, but in having an ever-present audience.

4. Freelancing: Freelance gave opportunities to Nigerians to offer their services (commonly referred to as “gigs, baits or jobs”) for money. The term “freelancing” is not restricted to writing articles alone as some suppose. It is a generic word that refers to providing services in exchange for money. So, under freelancing, you can find plenty options like cover letters and resumes, translation, transcription, content marketing, social media marketing, voice over, graphics designing, jingles, video editing etc. This business has proven to be worth the time as it affords you the convenience of working from wherever you want to and get paid for any skill that you have.

5. Affiliate Marketing: Unlike every other item on the list, this is the least understood and least engaged opportunity. The term “Affiliate Marketing” means the act of recommending products to people online and getting paid for every sale that comes through you. The payment does not come from the person who made the purchase through you, but the merchant from whom the purchase was made. What makes this altogether incredible is the fact that there is no limit to the commission you can earn as the more you recommend, the more you earn. A few Nigerians are already engaging in this business and are seeing credible results too.

Conclusion

If you have not joined any of the businesses above, it is not too late to do so. As the Chinese proverb has it, “The best time to plant a tree was twenty years ago. The second best time is NOW.” You can start today and join other Nigerians in making profit from the online world.

14 Likes 1 Share

Re: 5 Businesses That Ruled The Online World In Nigeria In The Last One Year by eezeribe(m): 6:02pm On Jun 29, 2017
Blogging was seen as a get rich quick scheme by many youths... No thanks to aunty Linda.
Even those who can't make a simple sentence with correct tenses,went into blogging... Lol
The copy and paste in that ministry has reached permanent site.

35 Likes 1 Share

Re: 5 Businesses That Ruled The Online World In Nigeria In The Last One Year by importexpert(m): 6:05pm On Jun 29, 2017
eezeribe:
OK

greatest space Booker of all time.
Re: 5 Businesses That Ruled The Online World In Nigeria In The Last One Year by eezeribe(m): 6:06pm On Jun 29, 2017
importexpert:


greatest space Booker of all time.
I greet you sir cool
Re: 5 Businesses That Ruled The Online World In Nigeria In The Last One Year by Ademat7(m): 6:34pm On Jun 29, 2017
Well said
Re: 5 Businesses That Ruled The Online World In Nigeria In The Last One Year by Mekanus(m): 6:48pm On Jun 29, 2017
2016 was a good year for me until Buhari's induced recession came on board and winthrills network stopped their advert promotion embarassed embarassed

6 Likes

Re: 5 Businesses That Ruled The Online World In Nigeria In The Last One Year by itiswellandwell: 7:18pm On Jun 29, 2017
Nice one.

Check my signature for your full capacity powerbank
Re: 5 Businesses That Ruled The Online World In Nigeria In The Last One Year by MasterRahl(m): 8:23pm On Jun 29, 2017
Legitimate Online businesses pay. One has to be patient and committed.

1 Like

Re: 5 Businesses That Ruled The Online World In Nigeria In The Last One Year by Missy89(f): 9:56pm On Jul 03, 2017
Everyone is a blogger

4 Likes

Re: 5 Businesses That Ruled The Online World In Nigeria In The Last One Year by Nofuckgiven: 9:58pm On Jul 03, 2017
M.M.M is back. Go and provide help and collect your frozen mavros oh cheesy grin

7 Likes

Re: 5 Businesses That Ruled The Online World In Nigeria In The Last One Year by Caustics: 9:58pm On Jul 03, 2017
When i say YAH!!!, you say HOO!!!

YAH.......

1 Like

Re: 5 Businesses That Ruled The Online World In Nigeria In The Last One Year by uc4uandc(f): 9:58pm On Jul 03, 2017
Don't say PONZI say MMM grin
Re: 5 Businesses That Ruled The Online World In Nigeria In The Last One Year by Caustics: 9:58pm On Jul 03, 2017
sad
Re: 5 Businesses That Ruled The Online World In Nigeria In The Last One Year by rozayx5(m): 9:59pm On Jul 03, 2017
undecided

where is bitcoin business


undecided

2 Likes

Re: 5 Businesses That Ruled The Online World In Nigeria In The Last One Year by Nobody: 9:59pm On Jul 03, 2017
Are there any successful affiliate marketers here on nairaland? most of what I have been seeing are ebook sellers that likely don't make money from affiliate marketing.

2 Likes

Re: 5 Businesses That Ruled The Online World In Nigeria In The Last One Year by Seequadry(m): 9:59pm On Jul 03, 2017
quote author=importexpert post=57961549]

4. Freelancing: Freelance gave opportunities to Nigerians to offer their services (commonly referred to as “gigs, baits or jobs”) for money. The term “freelancing” is not restricted to writing articles alone as some suppose. It is a generic word that refers to providing services in exchange for money. So, under freelancing, you can find plenty options like cover letters and resumes, translation, transcription, content marketing, social media marketing, voice over, graphics designing, jingles, video editing etc. This business has proven to be worth the time as it affords you the convenience of working from wherever you want to and get paid for any skill that you have.


[/quote]
Re: 5 Businesses That Ruled The Online World In Nigeria In The Last One Year by Hahnemann: 10:00pm On Jul 03, 2017
Pls bring back our ponzi
Re: 5 Businesses That Ruled The Online World In Nigeria In The Last One Year by Benekruku(m): 10:00pm On Jul 03, 2017
Prostitution should be on that list!

Olosho`s re also marketing for potential client on different social media platforms for a token!


And the business is really booming!

3 Likes

Re: 5 Businesses That Ruled The Online World In Nigeria In The Last One Year by auntysimbiat(f): 10:00pm On Jul 03, 2017
Yam farming
Re: 5 Businesses That Ruled The Online World In Nigeria In The Last One Year by Larryfest(m): 10:01pm On Jul 03, 2017
Not only in the last one year,they have been hot ever since even till now.
Re: 5 Businesses That Ruled The Online World In Nigeria In The Last One Year by GagaBrother291(m): 10:01pm On Jul 03, 2017
another post stylishly bashing MMM. make una continue

3 Likes

Re: 5 Businesses That Ruled The Online World In Nigeria In The Last One Year by oshe11: 10:02pm On Jul 03, 2017
wat abt BMC
Re: 5 Businesses That Ruled The Online World In Nigeria In The Last One Year by gentlekeny(m): 10:03pm On Jul 03, 2017
.
Re: 5 Businesses That Ruled The Online World In Nigeria In The Last One Year by oshe11: 10:03pm On Jul 03, 2017
GagaBrother291:
another post stylishly bashing MMM. make una continue

Dem like dem BASH or not bt MMM is BACK...



I be witnes

3 Likes

Re: 5 Businesses That Ruled The Online World In Nigeria In The Last One Year by fame12k(m): 10:05pm On Jul 03, 2017
I will get my CAR bfo d end of this week, all thanks to MMM, say whatever u want about MMM, only a fool will follow your advice.

7 Likes

Re: 5 Businesses That Ruled The Online World In Nigeria In The Last One Year by Anijay1212(m): 10:05pm On Jul 03, 2017
J
Re: 5 Businesses That Ruled The Online World In Nigeria In The Last One Year by beardlessdude: 10:06pm On Jul 03, 2017
NubiLove:
Are there any successful affiliate marketers here on nairaland? most of what I have been seeing are ebook sellers that likely don't make money from affiliate marketing.
exactly. That idiot up there had up to 350 members in his whatsapp affiliate group. 350 × 3000. Do the maths. Importexpert God would not stop punishing you. Evil human

6 Likes

Re: 5 Businesses That Ruled The Online World In Nigeria In The Last One Year by ChangetheChange: 10:08pm On Jul 03, 2017
grin grin grin

Op u are a learner
Yahoo Yahoo
Facebook lottery
Dating scam

Wire Wire transfer is in Number 1 online business

7 Likes

Re: 5 Businesses That Ruled The Online World In Nigeria In The Last One Year by gentlekeny(m): 10:08pm On Jul 03, 2017
eezeribe:
The copy and paste in that ministry has reached permanent site.
grin grin Your mouth is like pump action grin
Re: 5 Businesses That Ruled The Online World In Nigeria In The Last One Year by Nobody: 10:09pm On Jul 03, 2017
beardlessdude:
exactly. That idiot up there had up to 350 members in his whatsapp affiliate group. 350 × 3000. Do the maths. Importexpert God would not stop punishing you. Evil human
grin

3 Likes

Re: 5 Businesses That Ruled The Online World In Nigeria In The Last One Year by Pavore9: 10:10pm On Jul 03, 2017
Freelancing makes sense.

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