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What To Do To Make Money Online? - Business (3546) - Nairaland

Nairaland ForumNairaland GeneralBusinessWhat To Do To Make Money Online? (5162602 Views)

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Re: What To Do To Make Money Online? by IgiveLadiesBj(m): 8:13pm On Feb 02
Chai my people una still dey active for this Hustle. Omo i keft after sales draught. Sold only one domain.

This business is not fr lazy folks.

Ride on...
Re: What To Do To Make Money Online? by Oshiofe: 8:31pm On Feb 02
IgiveLadiesBj:
Chai my people una still dey active for this Hustle. Omo i keft after sales draught. Sold only one domain.

This business is not fr lazy folks.

Ride on...
grin grin
Re: What To Do To Make Money Online? by grandstar(m):
C
IgiveLadiesBj:
Chai my people una still dey active for this Hustle. Omo i keft after sales draught. Sold only one domain.

This business is not fr lazy folks.

Ride on...
I want to resume. However, I want to automate.

With Gmass abd Mailsuite, you can send hundreds of emails at the touch of a button.

You don't have to go through the laborious and time consuming task of sending 100s of emails one a a time.

Iykepromotions says he uses Mailsuite. That is cheaper than Gmass
Re: What To Do To Make Money Online? by Flipmoxie: 5:21am On Feb 03
grandstar:
I just registered a limited liability company. The process took 48hrs or so. I submitted my documents by Wednesday and by Friday it was ready.

Please note that I did not register for domain trading. It can, however, be used for domain trading and other forms of business.

If you want to use it for domain trading, I would suggest you use a company name that matches the business such as Domain Express, Domain Star, Domain Tiger and so on.

It cost me 60k
Please, did you registered it online or through CAC agent? Who handled your MEMART?
Re: What To Do To Make Money Online? by grandstar(m): 9:06am On Feb 03
Flipmoxie:
Please, did you registered it online or through CAC agent? Who handled your MEMART?
I used someone here on NL

08xxx1464xxxxx947 xxxx02

Though I had zero problems with him, you're doing business with him at your own risk.

Use his phone number to search for him on NL.

His name is Nwosu
Re: What To Do To Make Money Online? by Greatphase: 1:57pm On Feb 03
Bible verses for financial growth in 2026.
Making money with God is peace of mind.
https://youtube.com/shorts/Lhe9kSOeOB8?si=t8aAp-g-mNDilBjz
Re: What To Do To Make Money Online? by Greenscientist: 6:52pm On Feb 03
Bosses.

Not using REAL NAME to do outbound, is that an offence under the law?

Also, I know many "outbounders" uses American names, does anyone has experience to share whilst using real Nigerian name?
Re: What To Do To Make Money Online? by Channel5: 7:03pm On Feb 03
IgiveLadiesBj:
Chai my people una still dey active for this Hustle. Omo i keft after sales draught. Sold only one domain.

This business is not fr lazy folks.

Ride on...
You give ladies BJ that’s why

Hahahaha
Re: What To Do To Make Money Online? by Underdawgg: 8:25pm On Feb 03
Greenscientist:
Bosses.

Not using REAL NAME to do outbound, is that an offence under the law?

Also, I know many "outbounders" uses American names, does anyone has experience to share whilst using real Nigerian name?
Do you've anything you're hiding? Use your real name please. Buyer who's going to buy will buy. Just last week a buyer viewed my profile on LinkedIn, at first I was shocked 😂but it's all good. Sadly, he didn't buy, said he's not interested.

And to those using Ai generated profile(picture and name) Goodluck to you.

Wish everyone good sales regardless of route we take.
Re: What To Do To Make Money Online? by tranxo(m): 10:52am On Feb 04
grandstar:
I asked Google if a company makes 10m profit in 2026, how much tax would I pay, and it gave me the response below:

Under the new Nigerian tax laws effective from 2026, a company with a profit of ₦10 million will be considered a small business and will not pay any Companies Income Tax (CIT).

Tax Calculation

For the 2026 year of assessment, your company's tax obligations will be as follows:

Companies Income Tax (CIT): ₦0

Small companies are defined as those with an annual gross turnover of ₦100 million or less and total fixed assets not exceeding ₦250 million.

Since your profit of ₦10 million falls well below the ₦100 million turnover threshold, your company is exempt from paying CIT.

Development Levy: ₦0

Small companies are also exempt from the new 4% Development Levy on assessable profits.

SUMMARY

The simple interpretation is that if we use a limited liability company and the turnover is less than N100M, there is no tax to be paid. There's no company tax or withholding tax of 10% on dividends.

So, what should you do?

Go and register a limited liability company and let the revenue from domain sales pass through it. If you make less than 100m a year, you will pay zero tax.

However, if you choose to use your personal bank account, the revenue would be treated as a personal income and you would pay personal income tax. You're eligible to pay tax once your personal income is 800k or more a year.

Therefore, It now time to divide your business from your person. Register a limited liability company today, and with both corporate accounts and corporate dormicillary bank accounts for it..

It must be a limited liability company. A Business Name company will be treated as your person.
I think it's ₦50m, not ₦100m for small companies.

And it's based on turnover, not profit.

You can have a profit of ₦10m but if this profit came from a turnover exceeding ₦50m, you will pay CIT.
Re: What To Do To Make Money Online? by grandstar(m): 12:08am On Feb 06
tranxo:
I think it's ₦50m, not ₦100m for small companies.

And it's based on turnover, not profit.

You can have a profit of ₦10m but if this profit came from a turnover exceeding ₦50m, you will pay CIT.
I made some adjustments in my post
Re: What To Do To Make Money Online? by Andy2251: 12:12pm On Feb 06
This LLC discussion is very useful and many people don’t pay enough attention to it. Separating personal income from business income early can save a lot of stress later, not just with tax but also with banks and buyers. Most serious buyers are usually more comfortable dealing with a registered company than a personal account. Even if sales are slow at the beginning, setting things up properly from the start helps in the long run. Domain business looks simple, but treating it like a real business makes a difference.
Re: What To Do To Make Money Online? by Omini247: 5:19am On Feb 07
Please how do you change nameserver on U.D
Re: What To Do To Make Money Online? by iykepromotions(op): 6:41am On Feb 07
Omini247:
Please how do you change nameserver on U.D
At your domain portfolio, tick the tiny box beside the domain and look up. you will see "actions" in blue icon. click on it. Once opened choose edit name servers"

Re: What To Do To Make Money Online? by BOOKWORMLUX(m): 8:32am On Feb 07
70 Million Dollars 💸

Re: What To Do To Make Money Online? by bizbro: 11:21am On Feb 07
BOOKWORMLUX:
70 Million Dollars 💸
So much value, yet it feels undersold.
Re: What To Do To Make Money Online? by erjo: 11:59am On Feb 07
More Sales to us all! 🙏

Re: What To Do To Make Money Online? by Omini247: 5:05pm On Feb 07
iykepromotions:
At your domain portfolio, tick the tiny box beside the domain and look up. you will see "actions" in blue icon. click on it. Once opened choose edit name servers"
Thank you Sir
Re: What To Do To Make Money Online? by Bestjoy: 7:06pm On Feb 07
Congratulations!!
erjo:
More Sales to us all! 🙏
Re: What To Do To Make Money Online? by Sanni45(m): 8:06am On Feb 08
erjo:
More Sales to us all! 🙏
Congratulations...More mega sales to us all🙏
Re: What To Do To Make Money Online? by Rankett: 9:49pm On Feb 08
Someone might need this

Re: What To Do To Make Money Online? by bizbro: 8:17am On Feb 09
Rankett:
Someone might need this
Dem go allow push transfer? Any idea?
Re: What To Do To Make Money Online? by Rankett: 12:13pm On Feb 09
bizbro:
Dem go allow push transfer? Any idea?
Yes, they'll
Re: What To Do To Make Money Online? by Sapiosexuality(m): 4:57pm On Feb 09
If you have sold a domain name through spaceship how did you receive your money? Grey or Geegpay? How did you fill the form? Thank you.
Re: What To Do To Make Money Online? by edoman2016: 5:04pm On Feb 09
If you have sold a domain through spaceship, how did you receive payment through Bitcoin?

I have provided my BTC wallet address in the payout setting.

Will they automatically credit it or how do spaceship works?

Re: What To Do To Make Money Online? by Sapiosexuality(m):
edoman2016:
If you have sold a domain through spaceship, how did you receive payment through Bitcoin?

I have provided my BTC wallet address in the payout setting.

Will they automatically credit it or how do spaceship works?
I forgot about BTC. They should automatically credit it.
Re: What To Do To Make Money Online? by edoman2016: 6:45pm On Feb 09
Sapiosexuality:
I forgot about BTC. They should automatically credit it.
Yes. Payment received.
Re: What To Do To Make Money Online? by Kanz95: 2:46am On Feb 11
Bros pls how much were you eventually debited on your card...I mean plus VAT,FX charges etc...cox I've tried both grey and timon card. Both are not going through. So I'm wondering if it's my Timon card balance that's not sufficient. Pls can you share how much you got charged overall
Oshiofe:
I registered a domain there only problem there is that you have to translate to English apart from that no hassle. I used timon card to purchase
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