Whether you’re a freelancer, student, stay-at-home mom or full-time employee, we could all use some extra cash. These days, not everyone can comfortably live off their 9 to 5, and not all of us have the available time or energy to take up multiple jobs. The good news is that there are ways to earn money online. Here are some ideas you can try:
1. Content Creation
Sharing content on social media platforms like YouTube, Instagram and TikTok on various topics is a trend that is here to stay. The goal is to come up with engaging and visually appealing content for your audience.
With consistency, you can grow a large audience for your posts and earn a commission every time you create a post.
2. Influencer Marketing
Influencing comes easily once you build your content creation skills and have a large, devoted following. You get paid when brands approach you to market their products on your platform.
Influencer marketing is one of the fastest ways to make money in Nigeria because everyone is online and you can choose your rates based on the size of your audience.
3. Affiliate Marketing
For social media influencers and bloggers/vloggers with heavy web traffic, consider affiliate marketing to make some extra cash.
You share links, ads and banners marketing products or services that are relevant or helpful to your audience. When people click on or purchase from your links, you get a referral payment.
4. Freelance Work
Why not leverage your skills to solve problems for clients? Companies (and people) are always willing to pay for professional services like software development, web design, graphic design and so on.
Sign up on sites like Fiverr, People per hour, iFreelance and Upwork that list vacancies for freelancers and start earning remotely.
5. Create an online course or ebook
These days, everyone is learning online. As an expert in a field, create a course or an ebook to teach people and charge a fee for it.
There are loads of e-learning platforms like Udemy, Coursera, OkadaBooks and others that you could use to share your knowledge or skills and get paid as people sign up for your course.
6. Open a High-Interest Savings Account
A number of Fintech companies act as online banks to allow you to save and earn interest at rates far better than the regular bank rates.
There are different savings plans for you to take advantage of and your principal is completely safe while you continue to enjoy the interest rates. All you have to do is sign up and fund your savings account.
7. Diversified Investments
Investing protects the value of your money and earns returns in the long term.
With so many online platforms, all you need is your e-wallet to sign up and start trading stocks, bonds, cryptocurrencies and so on.
Be sure to do your research before putting your money into anything and build a pool of different investments to minimise risk.
Final Thoughts
While these are all great ways to earn some extra cash online, each one requires you to make an initial investment of time, effort or money. However, the returns are definitely well worth the effort.
Which one will you be trying out? Let us know in the comments!
Making money is a hobby that will complement any other hobbies you have, beautifully.
-SCOTT ALEXANDER
Visit www.bravewood.ng today to start enjoying high compounding interest rates as you save towards your goals.