We live in a fast world, where everyone wants everything to happen fast, and information is disseminated even faster. People no longer want to wait till the evening papers come out before knowing what's up, they want to get the news minutes after it breaks.

They also want to hear the music immediately it is released without going to the store to get it in tape or CD format. Millions of Nigerians no longer want to go to the store to get the latest Jordans, or Louboutin shoes, they want to sit in the comfort of their homess and order for it online. This facts and many more have led to the new breed of millionaires we have in Nigeria- Rich Internet Entrepreneurs.

We at a time when every information is at the tip of your fingers (thanks to Google), and with the right level of determination and passion, you can achieve your dreams faster. You can, with your laptop and Internet connection, build a world-class company in your disorganized bedroom. Today, I am going to list 5 individuals, ordinary like you and me, who build their businesses from scratch.

5. Seun Osewa (Founder of Nairaland.com)


Very few people know the name- Seun Osewa, but millions of Nigerians (young and old) visit Nairaland.com daily. The Forum/Website was founded by Seun in 2005, a few years after he dropped out of Obafemi Awolowo University, Ife. The forum gets an estimated 5 million pageviews daily.

He has since left off the Google Adsense ads on his site, and now gets direct ad placements. But, from the look of various empty ad spaces (boxes containing the words- How To PLACE TARGETED ADS on Nairaland) on the forum, it is clear he hasn't gotten a hang of it, and not fully maximizing the high level of traffic the forum gets daily. Experts have pegged him at earning between 10-15 million Naira Ad money from his forum monthly.

4. Linda Ikeji (Owner of Lindaikejisblog.com)


The number one blog site in the country, Lindaikejisblog.com (formerly, lindaikeji..com) is run solely by former model, 35 year old Linda Ikeji. Even though there are a number of other Nigerian websites that get more traffic than her blog site, no one gets more direct Ads than Linda. No one. The way she makes her money is not hearsay or gossip, but fact that anyone with basic arithmetic skills can add up.

Linda has a bunch of rectangular banners on her site, which cost N500,000 a month to place ads in. There are 20 of them, which brings her income up to 10 million Naira montly for the rectangular Ads. A long leader-board banner at the top cost a million Naira a month, and the total takeover of the blog's background cost 4 million a week (that's potentially 16 million a month). Then she also does one-off guest post every day which cost 50k. She does an average of 6 of those a day, which brings her income in this area to 300k a day, and 9 million a month. Now, let's do the addition- 10 plus 16 plus 9 equals 35 million Naira monthly...plus or minus. So, now you see why she can afford the kind of luxury lifestyle she lives.

Source and more:
http://www.sanwomi.com.ng/2020/05/top-5-richest-internet-entrepreneurs-in.html