Physical offices have taken a downward trend as more people have structured their business to function in the online environment. Starting a business online demands that you come up with one or two smart online business ideas that pay whether in the U.S, Nigeria, or any part of the world.
You might start by earning a few dollars, but with the right investment and structure, you can join the giants such as Amazon and Craigslist. Even if you have no interest in e-commerce, there’s so much you can pursue.
So, if you’re still thinking about the line of career to pursue, you will get some ideas here. However, understand that these ideas will take some time to implement. Therefore, let’s look at some smart online business ideas that pay you in Nigeria or any part of the world.
Why Run An Online Business?
As an entrepreneur, you’re constantly exploring new opportunities that will help ease everyday human living., While some entrepreneurs prefer to follow the tedious process of ideation, screening, etc, others prefer they get ideas from others and invest in them.
With many business ideas presenting great projections, they end up costing you a lot of money to simply set up without you making a single sale. However, if you tried the path of growing and building a business online, you would encounter that loss.
According to Wpbeginner, buying a new domain name would typically cost you anywhere between $9 and $14.99 per year. However, these prices may differ based on the domain extension or the domain registrar you choose. Compare that to the cost of an office space that goes for $100–$250.
With lower overheads and higher profit margins, online businesses also give you the freedom to pursue a wide range of market space as you don’t need so much segmentation.
Setting Up Your Online Business
In setting up your business online, you need to put in the right structure. A good way to start would be to follow the steps which include:
Conducting accurate research is the first and one of the most important step when you want to set up your business online. Your research can focus on some of the trending skills that individuals can monetize or some products that have huge customer numbers.
Your research can cover entire communities and even countries. You can ask your friends and family in business about emerging markets as well.
Choose a Business Model
Many businesses fail because they try to copy a model of a business. While you can copy a business model, ensure that the model fits right into your program. And in a case where it doesn’t work, you can make mild changes and create your own model.
Your business model will help you and any person who will work for you understand the approach you have adopted to do business and follow it duly.
Build Your Website
An online business cannot be completely an online business when it has no location on the internet. Of course, you can use social media handles, but you won’t be able to control so much in that environment that can harm you and your business a lot.
The best option would be to create a website where you can position the key things you want your target audience to see regarding your business.
Create Copies and Catalog Products
If your website visitors cannot see your products and services, then you will have difficulty profiting from your online business. A good thing to do would be to create product catalogs and commensurate copies for every one of them. This way, you eliminate too much work on your customer service.
Create Marketing Funnel
A marketing funnel will help you easily convert your leads to customers. This way, you will spend less money on advertising, which will boost your revenue.
Top 8 Smart Online Business Ideas That Pays In Nigeria
As someone who wants to start an online business but lacks the right ideas to start anyone, here are some of the smart online business ideas that pay you in Nigeria or any part of the world.
1. Web Designer
Web design is an industry that has experienced rapid growth over the years. As digital media gradually becomes a vital aspect of people’s lives, the growing reliance on the web for communication, information, execution of activities, and much more is obvious.
As a web designer, it is your core responsibility to build and redesign websites. Ensure the website is functional and users can easily navigate through every part of the platform with ease. Although the beauty of your website is not your key function, this is vital if you want to keep users on your platform.
Web designers can work within a company or as freelancers – your choice will depend on the working conditions that grant you the highest level of productivity. No matter where you work, you will always have steady conversations with clients.
2. Content Creator
The online environment thrives on content. Immediately you access any platform, they will swarm you with content from different creators who push their unique interests. @avinash commented, “Content is anything that adds value to the reader’s life.”
As a content creator, you can leverage platforms to push out your content. You can create courses and writeups on unique subject areas and sell to an interested audience. Platforms that are notable for allowing users to create content for sale include Udemy, LinkedIn Learning, and Audacity.
If you want to enter the content creating space, you would need to choose the style of execution you would use – writing, creating videos, or podcasts. Becoming a content creator remains one of the smart online businesses that pay in Nigeria or anywhere in the world.
3. Affiliate Marketer
Many companies dish out thousands of products that will not reach any interested customer with no serious marketing game. For this reason, we always advise companies to get the right digital marketing agency that will help them get into the right market space and more.
Affiliate marketers stand as the go-between professionals between the manufacturers and consumers of these products. So, if you’re likely to get a range of similar products or different products from a plethora of manufacturers, an affiliate marketer can help you.
Setting up yourself to become an affiliate marketer demands you possess key experience in creating marketing funnels that draw high conversions. Additionally, you will need the expertise of a web designer to help you set up your online working environment.
4. Graphic Designer
Any information that isn’t clearly spelled out will only lead its readers to serious confusion. And if you could only represent your information in mere writing, you would make your readers lose interest immediately after they complete the first line of thought.
Career Explorer addresses a graphic designer as a visual-thinking, problem solver, and communicator. Every graphic designer is charged with solving specific communication challenges and achieving specific creative outcomes.
If you want to start a career in graphic design, you must possess the key knowledge of colours and the ability to blend them perfectly. More so, you would have to visually represent the best form information will take that will send the message perfectly.
5. Social Media Creator
Social media platforms have become a very vital part of our human existence as people depend on this platform for information, entertainment and learning. In the same vein, businesses have created virtual offices all over these platforms where they execute business transactions.
Every business with an online representation has a social media manager ensuring there is a smooth flow of operations across all platforms. A social media creator is saddled with the responsibility of creating and managing content for business and personal brands.
As one of the smart online business ideas you can start in Nigeria, a career in social media management is highly rewarding. To start off, you need to possess vital knowledge of social media trends, operations, and promotion processes.
So many books and publications littered all over the global space were not practically penned down by their authors. While the ideas and conversations originate from the author, a ghostwriter possibly transformed those thoughts into words you can easily communicate.
A ghostwriter is someone that writes copy like articles, speeches, books, blog posts, email newsletters, web copy, etc., and isn’t credited for that work. In essence, your credit for every job you do is the financial incentive you receive for it.
You can easily become a ghostwriter when you possess key knowledge of writing on a lot of matters. If you find a hard time getting clients, you can get to platforms like Fivver and Upwork. In these places, you will get several clients who will need your services for their various projects.
If every book, material, speech, blog post, email, or newsletter got published immediately after the writer was done with the script, then there will be a lot of errors that will make reading the document difficult and uninteresting. In fact, it will make the business look so unprofessional.
A proofreader ensures content is void of typographical, grammatical, spelling, punctuation, syntax, formatting, and other such errors. This is the person who notes the extra space after a period, the “their” when it should be “they’re” and the compound adjective missing a hyphen.
To become a proofreader, background knowledge of English is essential. It enables you to easily identify where these errors occur and how you can address them.
YouTube is the second-largest platform in the world with a record number of visitors. Fortune Lords reports the total number of people who use YouTube—1,300,000,000. and they uploaded 300 hours of video to YouTube every minute! And they project by 2025, half of the viewers under 32 will not subscribe to a pay-TV service.
A YouTuber is a professional who creates and uploads content on YouTube.
As a YouTube, you monetize when YouTube sends advertisement campaigns to your channels for your viewers to see. For every viewer who sees an advertisement, you will get paid for it.
Becoming a YouTuber is one of the smart online businesses that pay in Nigeria or anywhere in the world. You would only require the service of a good video editor (which you can do yourself with free video editing platforms) and also a nice camera to capture high-quality videos.
Businesses serve communities by providing value that makes their lives easier, better, and happier. Any business that thrives must fulfill one or two of these roles adequately.
A lot of reports will try to instill the perception that the online space is saturated and won’t take any other business idea. Well, that isn’t the case, as a lot of businesses that emerged over the last few years have gained relevance.
If you choose any of the ideas we’ve discussed above, then ensure you get the right marketing team to help you announce your presence in a noisy market. Additionally, you get to draw leads that will convert easily.
To do this, you need experts that understand how products can make an impact in an enormous market, and that team is Socialander. To start off, you only need to book a free marketing consultation with our team by clicking “I want a Free Consultation Session.”