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25 Ways & Skills to Build Passive Income in Nigeria

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If you’ve been thinking of a way to build passive income in Nigeria, this particular page will show you more than 20 ways you can effectively and profitably achieve that. But why building a passive income?

It’s a known fact that most salary earners in Nigeria spends almost all the money for them paid, before the time of the next payment comes. This may lead to inability to purchase certain items for yourself, your family and take care of some responsibilities such as subscribing to some services and even discourage you from travelling to a certain places either for holiday or tourism.

Since the salary or wages aren’t that sufficient to cater for your needs, you’ll surely agree with me that it is important to improvise. And this the reason why we’re both going to learn the idea of how we can build passive income in Nigeria.

You might ask be asking……

What is passive income and how is it built?

Passive Income can come from a job where you’re not actively doing or a job in which you’re employed and paid by a “boss”. It is the money you earns other than your monthly wages – Simply put, it is called “side hustle”!

And to build passive income in Nigeria or side hustle, you need to be smart, digital savvy, consistent and ready to sacrifice enough time (plus ‘Patience’) and some bucks.

I know you’re ready for this? Please be informed that these passive income ideas here are the mashup of business you can start by investing little capital and other ways you can make money online in Nigeria without spending a dime.

Having that in mind, let veer to the main checkpoint;

The 25 Best Ways to Build Passive Income in Nigeria

1.   Book Writing/Publishing

Are you a versatile writer? If you can write great article such as story, history, tutorials, advice, motivation or any type of article and you can command English with your writing, you can start your way to earn money online from Amazon Kindle.

Amazon Kindle is one great place to publish your books and you could also write. You place a price tag on each book you uploaded to Amazon Kindle and Amazon will help you take care of the rest.

Yes, you don’t need to stress yourself much after publishing the book on Amazon Kindle but if you can promote it to your audience, it will be an added advantage to get sale quicker.

Although it take time to get a book ready, when it finally gets ready, the cash just keeps coming in.

If people love your love and the early buyers gave the book some impressive ratings and recommendations, then you’re going to keep earning from it until it fades.

So if you need a side hustle in Nigeria and you have penchant for writing, considering joining Amazon Kindle.

2.   E-commerce

You could as well get into the field of e-commerce and build passive income in Nigeria through it. Dropshipping would be an ideal option if you’d be venturing into the field of e-commerce.

Dropshipping is selling goods you don’t really have in stock and earning some commission on each successful sales. No risk and no stress. In fact, you can do it alongside with your 8-5 job.

There are lots e-commerce platforms for dropshipping to help you get started easily, Shopify and WooCommerce are a few amongst others.

You need to invest some money to build your online shopping store before you can start this business.

3.   Affiliate Marketing

Affiliate marketing is a type of online business where you partnered with a firm in order to help them sell their products or services.

A purchase made via your affiliate link gives you a commission usually in percentages. Getting started with affiliate marketing is pretty easy as most firms do have this on offer and you could take advantage of it and build passive income in Nigeria.

Here are the top 10 affiliate programs in Nigeria which you can join, promote offers and start earning some bucks.

4.   Build an Online Course

With proficiency in any field, you could teach the rudiments of such field and get paid for doing so. A good place to start is Udemy, there are more options but Udemy is well known with good reputation.

Teachable and Kajabi are also great to launch your online course and start making money from the successive sales.

5.   Freelancing

Freelancing give you the time to do your active job and you’re not tied by contract to any firm. As a freelancer, you can provide solutions to various problems, get paid and your income keeps coming in.

I earn mostly from Fiverr and I’ve also earned from few freelancing platforms. You can also start your freelancing career today if you got any skills that can be rendered and delivered digitally.

PS: Read this guide on how to start a freelancing business in Nigeria

Here are the top 10 freelancing websites in Nigeria that pay well for freelancers. Check them out before you choose to join any.

6.   Start a YouTube Channel (Vlogging)

A lot of Nigerians such as comedians, musicians, reviewers and other content creators make money constantly via YouTube. They’re making good money daily and you can join the train.

If you find yourself proficient in a certain field, having a channel that explores the nitty-gritties of such field would be a good way to build passive income in Nigeria.

This is one sure fire way to build passive income, what even more unique is the market isn’t saturated with vloggers. You can take advantage and start your vlogging journey today

7.   Blogging

Another way you can build passive income in Nigeria is through blogging. Few years back, owning and managing a blog was quite difficult and required lots of human and technical efforts. With the continuous growth in technology, the process have been simplified, you can even run and manage blog on a smartphone or tablet – even though I don’t support it.

There are numerous ways to earn money online by blogging in Nigeria, these includes selling Ads spaces, Google Adsense, affiliate marketing, sponsored posts and so on.

If you want to start blogging, I can coach you on how to make money, create the blog for you and monitor you for 30 days to make sure you’ve understood the blogosphere.

But this is a paid service I render for smart entrepreneur like you. If you’re ready to start your way to blogging like a “Pro”, contact me here and let talk about it.

8.   Article Writing

If you’re good in writing, it could generate passive income for you as you write articles. Perhaps you’re not proficient in English grammar, there online course which could help you out and expand your skills.

I’m a blogger and freelance writer but sometimes, I gets too busy to write a single letter. That’s why I personally hire proficient writers and I pay them per article not per month.

I calculated the money I paid my freelance writers for a month and it’s up to N35,000.

And personally as mentioned, I writes contents for clients. I bill them based on the type of the article ranging from N1,000 – N3,000 per article (for Nigeria clients)

You can also start your writing career by pitching business owners on social media, email and on freelancing websites.

9.   Comedy

The field of comedy, especially skits making do pay these days. You can take some inspiration from the popular skits producers and start one if comedy is your thing.

Broda Shaggi, Omo Ibadan, Lasisi Elenu and so on are frontier comedians making money from Instagram, YouTube, Paid partnership and other deals.

You can also do stand-up comedy like that of AY, Basketmouth and so on, it pays too.

10.               Graphic Design

It’s seen a primary source of income for most Nigerians, but it could also serve as a means of building passive income in Nigeria with sites like fiverr etc. online or offline.

You can brand your image and start looking for people interest in logo, fliers, book cover and so on

11.               Buying and Selling domain in Nigeria (Domain Flipping)

Another great way you can build passive income is through the purchase and sale of domains. It’s pretty easy to do this, you get domains from those willing to sell theirs and resell for a higher price.

It’s called domain flipping because it involves flipping of domain you’re not going to use for money.

Flippa.com is the popular sites in the world to make profit from domain and website reselling.

12.               Software Development

We’re currently living in a world where a lot of things are getting digitalized, mobile apps makes it easier to access things you’d find on most sites – it’s compact and user friendly.

With this revelation, the market for software development – especially for smartphone is quite high. You could also work independently and create apps.

Again, freelancing sites like Fiverr can help you get started.

13.               Email Marketing

It’s a form a digital marketing that entails sending lots of marketing based emails to several persons. You’d need a huge contact base to succeed in this field.

Wait, I’m not telling you to start sending random emails to people.

The aim of Email marketing is to “sell”.

Now ask yourself; what am I going to sell to the people with these email addresses?

If you don’t have anything to sell or promote, you can offer these service for money. There are lots of start-ups or business owners who need to promote their stuffs, you can be hire if you approached them well.

14.               Copy Writing

It’s another form of writing you can use for building passive income in Nigeria, there lots of places paying for this. It doesn’t require lot of technicalities to begin earning through this means.

Just as email marketing, the main intention of copywriting is to “sell”. Before you jump into this, you need to be a proficient and persuasive writer.

Business owners may hire you to write for their product or service.

15.               Tutorials

Tutorials especially online is one good way to make some good money for yourself and in the process, build passive income in Nigeria. Many people outside there these days are leveraging the internet to learn almost about anything that could be of great help for them.

Having good knowledge of a thing and giving tutorials increases your earning potential.

You can offer classroom tutorial where you’ll teach people face-to-face about what you know and can be of great benefit for them.

You can also sell ebooks.

16.               Photography

Photography is another way you can get to build passive income in the country. Asides the conventional style of photography, you could also sell your photos on various platforms which are available online.

Personally, I make few bucks from photography because I have small camera and printer here. I snap people who call for a quick shot and I will print it out for them. I also earn from wait-and-get passport as it is more expensive than normal photograph.

You can buy a small camera and printer of N150,000 or second of N100,000 and start doing the business in your school or environment.

17.               Real Estate Investment

Investing in real estate is one of the best ways to build passive income in Nigeria. Take the current American president for example, aside his salary he makes good income via real estate. It’s one of the best ways of earning these days.

I don’t want to bore you with stuffs about real estate investment but I got a nice tutorial on how you can make money from real estate investment in Nigeria – read here.

18.               Stock Exchange

The stock exchange market is one that pays a lot, it’s a market where trillions are made daily, this trillions are distributed among the traders.

Investing in a company’s stock is a good way of building passive income in Nigeria, but it’s important to scrutinize the firm before investing.

19.               Music

No doubt the entertainment industry in Nigeria is one of the most functional industry currently. Music in the country does pay, especially if you can produce cool songs that keep people glued to their earphones.

There’s more than enough genres you can choose from, so you’re not stuck on a particular style and that’s the beauty of music – its dynamism.

Davido, Wizkid and others started from somewhere and you too can.

Read this guide on how to make money as an upcoming artists in Nigeria

PPS: Here is how you can promote your music and build your fame in Nigeria

20.               Radio/Television Jingles

If you happen to have a good voice, then you can earn some money via radio and tv jingles.

It’s pretty easy, just saying some words about a product or service and you’re paid for it, how cool!

DJs, Radio stations, TV company and some business owners hire these type of people

21.               Audiobook Sale

The world have grown a lot in terms of technology in the 21st century, books have grown from paper formats – which is traditional and wildly used, to e-books – which is beginning to gain attention, to audiobooks.

Audiobook format are getting a lot of attraction from persons of various field who will like to read while doing other activities and making a book in such format is one way to build passive income in Nigeria.

N.B. Not all books are suited for this format, especially books with graphical representation and pictorial illustrations.

22.               Disk Jockey (Dj)

With events happening every weekend services of a disk jockey are always needed. You could use the weekend to rack up some extra bucks.

There are lots of radio presenters who do this during the weekend or on days they’re off work, you could learn, get a laptop and start your journey.

This also one of the best business ideas for students in Nigeria

23.               Master Of Ceremony (MC)

Still on events, every event will always require the services of an M.C. and what better way to build passive income in Nigeria than conducting events and getting paid for it.

Becoming an M.C. will require self-confidence which you can build if you don’t have one and public speaking skills which you could also learn easily.

It’s an added advantage if you know how to make people laughs.

24.               Cryptocurrency Trading

It’s quite similar to stock trading in terms of structure. Dealing on cryptocurrency is good way to make an extra income asides your daily job. It does require a bit of technical acuity and you’ll start making money.

PS: Here is how you can make money with cryptocurrency in Nigeria

PPS: You can sell your bitcoin or any coins to these trusted cryptocurrency exchanger website in Nigeria

25.               Human Resources

People who are into HR consulting in Nigeria makes money once they started with the right orientation.

Human resources simply involves recruiting and training people who are job seekers. After training and might have selected the best from them, you will then recommend them alongside with their CVs for companies who need such skilful or experience employees.

You’re going to be paid certain amount of money every month on each employee taken out by any employer from your HRO Company.

But you need to professionally start this business if you want people (both prospective employers and job seekers) to trust you.

With this business, you can profitably build a passive income in Nigeria. But how do you start?

No worry! I got a detailed article here that will teach you the best ways to start HR Outsourcing Business in Nigeria

…. and over to you

So wrapping up, you’ve seen 25 ways to build passive income in Nigeria. There are more ideas but the ones above are ideal. 

Which are you into currently and which would you like to venture into? Let me know in the comments!

Please don’t forget to share this article with your friends and subscribe to the newsletter here..

My name is Stephen Gbolagade, people say I'm a multi-skilled guy. I guess maybe because I'm a Blogger, Website Designer, SEO specialist, Content Writer, Business coach, Digital Marketer, and Self-taught Frontend Developer. But what do I have to say about myself? My contents, personality, and services will say and prove the person I am to you. __________________________________________________________________________You can hire me for Music Promotion, Website Design or Blog Setup, Marketing and any Digital-based tasks! __________________________________________________________________________ Contact me here on Facebook :: Instagram :: WhatsApp __________________________________________________________________________ If you're inspired by me and think it's necessary to buy me a cup of coffee, you can give me a tip HERE 👌

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Business

8 Effective Ways to Reduce Your Household Expenses

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Are you finding it quite difficult to reduce your household expenses? Okay, don’t feel depressed, this page is what you need to get motivated and take that action!

Among all lessons we have learned during this COVID-19 “pandemic period”, one good lesson we should always stick to,  is how to manage our funds and resources. Millions of people across the world became unemployed as a result of this world-renowned virus, but how do they survive? By simply cutting their expenses and wise management of their savings.

It is very important we learn how to manage our money wisely, or hence, we might end up becoming financially broke or a debtor. I know you don’t want that!

Today I’ll be showing you how to reduce your budget and lower your household expenses. These tips work for everybody, regardless of who you are, either you’re a 9-5 employee or an entrepreneur.

So, let’s check them together!

8 Ways To Reduce and Manage Your Household Expenses

Tip #1. Cut Off Your Cell Phone Plan

Having and using a cell phone is quite expensive when studied critically. No doubt they’re beneficial… but we also get charged for services, tax, etc., that we can’t even explain. This is why it’s important to choose a good cell phone plan.

According to NCC (Nigeria Communication Commission), Nigerians collectively spent about N450 Billion per month on recharge cards and data connections. That is approximately $1.17 million spent every month on cell phone plans.

You know what?

The amount of money spent on recharge cards and data connections covered about 73% of Nigerians’ expenses while the remaining 27% covered foodstuff, emergency funds, skincare, and other personal stuff.

I’m sure you’re one of those people enriching these telecommunication companies every month, I personally buy data worth N15,000 every month!

We need to learn how to reduce these expenses, and the best way we can do that is to reduce the hours we spent on social media apps (especially, Instagram and Facebook), YouTube, and online streaming sites.

Also, a prepaid plan is the most suitable option. You can get it with the major carriers at almost half the price of the regular plan. The beauty of prepaid plans are the added bonuses and incentives. Things like unlimited calls, unlimited SMSs, reduced call rates, and lots more. 

RELATED: How to Start Recharge Card Printing Business in Nigeria

If you’re looking to save some bucks, cut the regular plan and switch to a prepaid plan.

Tip #2. Do Away With Cable Subscription

One of the best ways you can reduce your household expenses is by ditching your cable plan. I know it feels good to lay on the couch after the day’s work… sipping your favorite drink… watching a good movie. I get it. But you’re on a budget and some things have to go.

Thankfully, we have digital platforms today where you can watch your favorite TV and sports shows. You can watch TV on YouTube, Netflix is a good option—it costs less per month, Showbox for Android users is great, or you could get a fire stick. 

There are lots of these services out there, using any will help in maximizing your finances in the long run.

Tip #3. Get an Insurance

We live in a world where everything is risky either on land, in water, or at home. Accidents can happen anytime, you can start developing a kind of sickness any day, your car might develop faults and different unforeseen circumstances that may suddenly require you to spend money.

Sometimes, you have to borrow money from your friends, co-operative society, or take a loan from your bank, in order to take care of those issues. 

But to help you manage your funds and reduce your expenses, Insurance plans are ready to cover that for you.

If you are a car owner, it is very important to have auto insurance. It comes in handy because you never know when uncertainties or accidents may occur. But the cost of these plans does take a toll on your finances.

If your business requires traveling a lot, you can opt-in for travel insurance, and you can do the same for health insurance.

You can always shop around for a less expensive plan. The big carriers tend to charge you higher than necessary. This may be due to you having certain covers you don’t need at the moment, or you’re probably in a wrong plan.

Take out time to review your current insurance plan, do away with covers you don’t need. Or better still, check out smaller firms with similar benefits but at a lower cost.

Tip #4. Cancel Memberships

Membership plans do get you exclusive features and other juicy benefits. This could be membership plans from your gym, Netflix, Amazon, or Audible. Whatever it is. If it’s not necessary at the moment, cancel it.

You wouldn’t miss much. There are alternatives you could check out: YouTube for Netflix, visit a local library in place of Audible, and work out at home instead of going to the gym. Remember, you’re trying to cut costs.

Tip #5. Consider Reducing Your Rent

It’s time to do away with luxurious living if you stay in a rented apartment. Take for instance you live in a 3 bedroom apartment…you could switch to a 2 bedroom or 1 bedroom to reduce household expenses.

Also, if you can, assuming this wouldn’t affect your work: try switching locations if possible. Certain areas are characterized by huge housing costs but you can change to less expensive areas if possible.

I know a guy who spent up to $2,500 (N800,000) on his new rented apartment, he had enough money in his savings to take care of feeding and other necessary stuff for the few months. But as an entrepreneur, he invested the savings on a business which went against him!

Dude is broke, and the next thing for him is to relocate to a small apartment which will cost N40,000 per year ($100/yr) instead of his previous N90,000 per year ($220/yr).

So, don’t be afraid to reduce your rent, change the location, and start looking for the bigger picture (stabilizing your business and getting your own house).

Tip #6. Cook in Your House, Stop Eating Outside!

Yes, you read right. And you’re asking if it’s possible? Of course, it is possible. We don’t tend to keep records of how much we spend on food and restaurants. I don’t do that.

And so we go ahead without knowing because we think the amount we spend per meal or snack is little. No, it’s not. When summed up, we could see how much we’ve spent and how big the amount is.

I was a regular fan of a restaurant close to my house. I spent up to N1500 on every meal. To me, I thought that’s cool and not too much to satisfy my belly. But at the end of the first 30 days, I realized that N45,000 has left my pocket on just a 1-square meal per day. And that doesn’t include the transport fare to buy the food, the tips, and money spent on food for another 2-square meal.

Averagely, I spent up to N60,000 in that month on food. 

Again, you may think it’s very small when you’re spending it, but when you calculate the total money spent at the end of the month, you’ll see how much you’ve spent.

So, I decided to start buying foodstuffs and cooking at home (I have kitchen utensils already). I spent an average of N15,000 per month on foodstuff, and like N200 per day on other things I need to buy, that is N6,000.

It means I spend N21,000 on food I prepare myself instead of the previous N60,000 on outside food (saving N39,000)!

So please… stop eating out. Start cooking at home and see how much of an impact it makes. Yes, it might be difficult but you need to stop.

Tip #7. Reduce Your Grocery Bill

Staying with our previous tip, I asked you to cook at home. But wait! What if you’ve been spending more than you should on groceries? If you’re guilty of this (maybe you’re not) here’s how you can reduce your grocery bill.

You can start patronizing stores that offer discounts. Others may have deals like “By One, Get One Free”, or you could shop online using coupons. Don’t tell me you don’t love those deals…those discounts. You do, right? So go ahead and change your grocery store or supermarket.

Buy your groceries in bulk instead of buying at a very expensive price per one or two.

Also, notice those things you don’t really use and stop buying them or maybe, reduce the quantity. 

Tip #8. Fancy Grooming… Are They Even Necessary?

Sure they are! I know we all crave those fancy stuff such as good shoes, chains, clothes, coffees with milk, cream, sugar, or whatever. But there comes a time when we need to sit back and ask: Do I really need this? Especially if you’re like me who is grinding to save some money.

Go get yourself a coffee maker and start making yours at home. If you’re not going to any occasion that demands you for new clothes, don’t buy it, if your shoe leather is getting worn-off, fix it by giving it to a professional shoemaker instead of disposing of it.

I know it’s convenient to get out there and fix your nails, make your hair, or do some makeup. Right now you need to consider doing these things yourself.

Are they difficult?

Not at all. Unless you’re too busy. If you’re not, pick up your phone and head over to YouTube to start learning these things and start saving money. 

CONCLUSION – These Tips Will Help You Manage Your Funds and Reduce Your Expenses

There you have it: 8 Ways to Reduce your household expenses. I know we love to do all these things: we love to eat out, live in luxurious homes, have some fancy coffee daily, then come home to watch our cable TV.

But right now, you need to implement these tips above. If you can’t do it all, no problem. But make sure you implement the ones you can.

So over to you, which of these things will you be cutting? Let’s hear from you.

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Top 7 MLM Companies in Nigeria To Make Real Money

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I believe you landed here in quest of best among the Multilevel Marketing or MLM companies in Nigeria to make real money. This blog post will mention and recommend 7 best out of them at the time of writing it.

You must have been introduced to certain money-making platforms

Some did work out, some didn’t work as planned. 

Or the worst case: it didn’t even work out. You were scammed!

With that in mind, I want to show you something different. I will show you platforms that have been in the game and built a good reputation over the years.

What I’m about to show you isn’t scripted. It’s REAL!

Today, I’ll be your tour guide as we explore the 7 MLM companies to make REAL money in Nigeria.

Time is money, and guess what? I’ve taken so much already.

If you’re ready, hop on the car, and let’s ride.

But in case you’re new to the term “MLM”, you might be thinking that;

What is MLM?

MLM, an abbreviation for Multi-level Marketing, is a business where members earn commissions from marketing products of a particular company. 

In essence, the more you sell, the more cash you make; and at the same time, your level increases.

How to Make Money with MLM Companies in Nigeria

As a Multilevel marketer with any of these MLM companies, you are encouraged to bring in the new participants as this increases your profit and level. 

For you to succeed, you should be able to convince someone into buying and using a product, and/or becoming one of your success line (probably called downlines).

And in the Multilevel marketing business, when they say “PROFITS” in a multilevel marketing business, it doesn’t always mean “MONEY”. Sometimes when you reach a certain milestone, you might be eligible to travel outside the country with your partner, get a brand new car, and so on.

Is MLM in Nigeria Business Profitable?

Yes, MLM business is profitable in Nigeria, you can make millions of Naira if done correctly with patience. And it will surprise you that it’s one of the most recognized businesses in the world. It’s ranked alongside real estate business and top others.

With that out of the way, here are they; 

Top 7 MLM companies in Nigeria:

1. Oriflame Cosmetics

The name sounds familiar, right?

Okay, Oriflame is a producer of some popular beauty and cosmetic products — from deodorants to lotions, hair oil, and any other beauty product you can think of. They’ve got it all.

Oriflame also has the leading market share of beauty products in 30 countries but has its headquarters in Sweden.

With over 50 years of experience, they’ve been able to maintain an amazing reputation in 60 countries.

It gets better…

You can also make money by marketing Oriflame’s awesome products in Nigeria by joining their consultancy program.

As a consultant, you get to make money from the comfort of your home and at your own pace.

What’s more?

Newly registered members could earn up to N49,400 in cash.

So what are you waiting for? Sign up to start making money with these easy steps. 

How to Register or Get Started with Oriflame in Nigeria

Step 1. Using your favorite browser, visit Oriflame’s website (Here). On the homepage, tap on the 3-dash by the top-left corner.

Step 2. At the bottom of the page, hit “REGISTER”. You’ll be taken to a new page, wait while it loads.

Step 3. After loading, fill out the form, read and accept the terms of service, then hit Sign Up. 

After that, confirm your email. Congratulations, you’re now an Oriflame consultant.

2. Longrich

THE second-best MLM company in Nigeria on our list is Longrich.

They are similar to Oriflame in terms of product type.

Longrich is one of China’s best producers of cosmetic products. They’ve been in the field for over 30 years.

If you want to look beautiful, they’ve got a wide variety of healthcare, household, skincare, and personal care products. And they are not expensive.

In a bid to give back to society, Longrich has employed over 10,000 personnel in more than 50 countries of the world.

They’ve been in Nigeria since 2012. Since then, many people have been beneficiaries of their MLM structure.

Want to join Longrich?

Head over to Longrich’s website (Here) to get more details on how to register. It’s free! 

3. NeoLife (GNLD International) 

NEOLife has been involved with food nutrition products since 1958, and according to the MLM company, their product is fully backed by science and nature.

They promise to end poor nutrition and poverty, which is awesome. Not only that, but they also have some incentive awaiting their distributors as they climb each ladder of success in their multilevel marketing business with NeoLife.

They are in 10 African countries, which Nigeria is one of them.

Registering is FREE as a member, but if you want to become a distributor, you’ll need to get your starter kits which include all documents (ID card, bag, etc) you need to get started and some products worth 100PV which validate you as a standard distributor with the company.

Note: PV stands for Point Value. Which most MLM companies use to calculate their distributors’ performances.

If you’re interested, kindly contact me here. I will connect you with someone who’ll register you for FREE and train you on how to earn a living with the business, without hawking any product!

4. AIM Global (Alliance in Motion Global)

AIM Global is also among the top MLM companies in Nigeria that offer wonderful benefits to its members.

How?

For over 10 years, they’ve been in the business of transforming lives by offering “remarkable products”. Members and users value money by using any of AIM Global’s products.

In addition to that, AIM Global offers them one of the best compensation plans in the industry. 

With the rise and fall of many MLM companies, AIM Global has proven to be a formidable entity with a stable business structure. This is what earned them the hearts of millions around the world.

If they’ve earned yours, visit AIM Global (Here) to sign up. Or follow my steps below:

How to Register or Get Started with AIM Global in Nigeria

Step 1. Head over to the website using the link above. At the top-right corner, tap on the 3-dash to expand the options.

Step 2. Tap the last option or “DTS Login”

Step 3. On the next screen, hit “Register” and fill out your details.

That’s it! You can now start making money as a multilevel marketer by exploring other options on the site.

5. Norland Nigeria

Norland is a multi-faceted MLM company with a presence in many countries, including Nigeria.

Norland has amazing products in many fields. Some of the prominent ones include medicine, cosmetics, e-commerce, finance, and logistics. 

Currently, the company boasts of 1 million+ participants who are benefiting from its MLM program.

In Nigeria, there’s a huge community of Norland participants in different states of the country. With the numerous benefits, the community keeps growing daily.

And you can join by choosing any of their entry-level plans: 

  • Senior
  • Bronze
  • Silver
  • Gold 
  • Diamond

If this sounds good to you, head over to their site (Here)

6. Recharge and Get Paid

This is the new boy in town, but hey, he means business.

For real, Recharge and Get Paid does what the names say. 

RAGP is poised towards growing the welfare of Nigerian with its compensation plans.

A lot of benefits await you as a new distributor. It doesn’t stop there, you also get other benefits as you grow in level.

When you’re done, you can start up with as little as N5,000.

The site is easy to navigate, just click on this link to get started.

7. Organo Gold

Finally on our list of MLM companies that guarantee financial independence is Organo Gold. 

As the name implies, they are the gold standard brand for organic tea and coffee products.

From a coffee shop in Canada, they’ve gone on to dominate other brands with their great line of products.

With Organo Gold, you get a wide variety of teas and coffees to pick from. These are not your ordinary coffee and tea you drink almost daily, they are organic products with lots of health benefits.

Speaking of benefits, Organo Gold also gives you a chance to make money while enjoying its products.

Among the many out there, they’ve proven to be one of the top MLM companies; they give you the best of both worlds!

So, if you want to be wealthy you can join Organo Gold (Here).

But let me quickly answer some questions relating to MLM.

Frequently Asked Questions: MLM Companies in Nigeria

  • Is MLM a Ponzi or ‘quick to get rich’ scheme?

No, MLM is a very legit business, if you’re okay to run the business while prospecting new people to join your business tree.

  • What is the difference between MLM business and Ponzi schemes?

The differences are clear: MLM companies have products but Ponzi schemes do not, but rather promise people with sweet lies. Also, strong MLM companies last longer than Ponzi schemes.

WRAPPING UP – Best MLM Companies in Nigeria

If you go online, you’ll find a lot of MLM companies. For some, you can make good money, while others are a waste of time.

This is why you should check out these MLM companies in Nigeria that you can make real money and be financially independent.

What did I miss? 

Do you have any companies to suggest? Or you want to go with our pick?

Let’s hear from you.

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5 Best Profitable Business to Start in Nigeria with N100k or $300

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Have you been surfing the net for the most profitable business to start in Nigeria with N100K or $300 equivalent? Or maybe you have a capital more than that but you’re still not sure of where to invest your money? Well, I will not tell or force you to start a particular business, but in this blog post, I’ll share some working tips with you.

NOTE: This blog post is inspired by what some entrepreneurs personally share about how they came up with their business model, and I hope it will also inspire you to start something today!

Now let start!

Profitable Business to Start in Nigeria with N100,000

These lucrative business ideas to start with N100k or $300 in Nigeria are;

  1. Turn Your Talent/Passion to Business

Yes, but I know you’re surprised right now that which kind of business is your passion. Well, your passion is a strong force to succeed in anything you lay your hands upon.

Besides, the story of this smart Nigerian entrepreneur will push you to discover your hidden talent today and turn it to a business.

Read below;

Two years ago, a male friend of mine called me and asked for my opinion on what he can do for his girlfriend on her birthday. I suggested something’s based on what I know ladies love. But he was not satisfied. He wanted something unique and different.

He said Osazua, I want to make it different and memorable. I have gotten her some wonderful gifts in the past. Is there nothing different? I asked him to give me some time to think about it.

After a few days, he called me again. He said his boss has asked him to go and represent him at an important event. He will be going out of town. That means he will miss his girlfriend’s birthday. He said he does not want her to miss him too much on that day. So he is leaving everything to me. It’s my duty to make her happy.

He sent me some money and asked me to arrange something. I got to work. I asked my friend to write a note about everything he likes about his woman. He did and sent it to my email. I hired three people to help me with the surprise I was planning. Since her birthday was on a Sunday, I was ready to give her the best. There was enough time to get it done.

At 6 am Sunday morning, I sent one of the three people I hired to go to her house to deliver a bottle of wine and a birthday cake. With the handwritten note of how her man truly feels about her. Guess, my hired hand woke her up that morning. She was happy and was surprised. What she didn’t know was there was more to come.

By 2 pm I sent someone else to deliver another gift basket that contains various skincare products, another bottle of wine with another handwritten note. At that time her sister and mum were there with her. She was surprised again. She was very happy.

Few days before her birthday, I called a few of her friends, my friend’s other male friends that she knows well, her sister, her mum, and a few of her colleagues. I told them they were invited to her birthday. It’s a surprise and she does not know about it. I told them when and where to meet. But I asked her sister and mum to make sure she was available at her house on that day.

At 7pm, we were all there with another birthday cake, drinks, snacks, and other stuff. That was when she lost it. She could not control her tears. She was laughing and crying at the same time. That night she danced until she was tired. I was very happy to have been able to make her happy. It was not as if she has not received those types of gifts before. It was the way they were delivered that made the difference.

And here is what he realized;

After that day, I knew I wanted to do this more. Yes. I want to do it again and again. I want to create a good business that makes people happy. All I did was to create awareness, and I spoke to my family and friends. Created an online profile and I got to work. All I spent to start this side business was not up to N100,000 before purity_gift was born. Since then till now, I can’t count how many surprise delivery I have done.

ADVICE FROM HIM:

I can tell you to open a beer parlor, I can tell you to sell female wears, I can tell you to sell male underwears, I can also tell you selling fairly used goods move a lot.

But will you be happy? will you be proud of what you are doing? Will you be fulfilled.? I will encourage you to search for yourself. What do you love to do? How will it benefit others? And will you get tired of it easily?

There are many business opportunities here in Nigeria. Search for it.

2. Start Dropshipping Business

I have been preaching about starting a dropshipping business. Well, here we are again.

In case you don’t know about this business, dropshipping is simply the kind of business where you sell stuff such as clothes, cosmetics, software, electronics, etc., online. The main point here is that you don’t need to buy this product or have it in stock.

All you need to do is to dropship from big e-Commerce marketplace like AlieXpress at a cheap rate and resell at a high price. You can see a cloth on Aliexpress for N3,000 and you sell at N5,000 –  that’s a profit of N2,000 without doing anything.

You can start a dropshipping business with less than N100,000 and make huge profits. But here is how to do it.

Note, you’ll need to have your online shopping store or website – that’s the first aspect you need to spend money. You can use N80,000 or $200 to set up a complete dropshipping website (including web designer fee). And use N20,000 or $100 for massive marketing on Instagram and Facebook.

You can probably start this with less than N100K or $250 USD. Here is what you will need your start-up funds for:

  • Domain name costs, hosting costs, website costs
  • Marketing costs
  • Logo design
  • Some money to sit stagnant in the bank account in a case of emergency

Dropshipping is a very low cost to start and can be very profitable if you market it effectively. The most expensive start-up cost will be your marketing and you would need to constantly test and refine your ads to make them as effective as possible.

If you don’t want to go through the stress of creating a website yourself, you can buy a profitable Shopify dropshipping website from BeBiggy at the rate of just N78,000 or $200 and use N20 for marketing.

That’s how you start a profitable business in Nigeria with N100k or less than $300.

3. Consulting/Service Business

This is what I do, and I can say it really worth it. You can make millions of Naira with this business idea.

I am sure you are good at something. Right? Think about things like…

  • Writing
  • Marketing
  • Web Designing
  • Web, Software or Mobile App Development
  • Virtual Assistant

Can you find people who need help with any of those? If you are not sure go check out top freelancing websites like Upwork and Fiverr. Lots of people need help and are actively looking at those sites.

Read this blog post on how to make money on Fiverr

How to Make Money with Consulting/Service Business?

  1. Make a killer profile (on Upwork or Fiverr) and start sending proposals/bids
  2. Attend local events in your city. Exchange business cards and follow up consistently
  3. Tell your family and friends
  4. If you start to make money, invest in starting your own digital agency.
  5. Invest in other businesses.

If you do this right, you can make a fortune, and you don’t need to invest your N100k to start a profitable business in Nigeria.

Check here for the best 15 digital skills to make money easily.

Investment = Nothing, if you have those skills! If you don’t have, you’ll need to invest in learning those skills on YouTube or buying premium courses on Udemy, Coursera, etc.

4. Cryptocurrency or Forex Trading

This is the most trending way to make money in Nigeria, I’m sure you’re aware of that.

BUT, don’t jump into cryptocurrency or forex trading without knowing the pros and cons, you need to learn how to read signals, set your stoploss and other stuff to become a profitable trader.

I personally don’t trade, but I’m in love with Bitcoin of a thing. I do buy and hold it because its price rises (but sometimes, decrease). But if you’re patient enough and ready to take risks, you can make hefty money with this.

For instance, you can buy bitcoin at N50,000 today and by tomorrow, the price might have increased to N67K – That’s N17,000 profits without trading or doing anything. The price of cryptocurrencies can’t be predicted with 100% assurance, as nobody is controlling it (i.e it is decentralized).

How much do you need to start?

You can start this profitable in Nigeria with $100 or N38k (to invest) and pay your mentor (or buy a course) for N40K. That’s approximately N80k

If you got a good mentor, you can turn your N38,000 investment to N380,000 within a month!

So yes, if you ask me: Which profitable business to start in Nigeria with N100,000, I will mention cryptocurrency and forex trading.

I also want to learn Forex trading, I got someone who demanded $200 – about N73K.

5. Blogging and Affiliate Marketing

Blogging is one of the viable ways to make money online, likewise affiliate marketing.

But if you start blogging without any fore-knowledge then, you’re going to quit sooner. I’ve been blogging since 2015 and I’m still in the game, not because I make a lot of money from it but because I have passion for it and, I know different ways to earn some bucks from it.

So, to start blogging, you’ll need to check what you’re good at writing about, or teaching people. If you discover that, then you can start!

How much do I need to start blogging in Nigeria?

You need less than N50,000 – To buy;

  • hosting and domain from Namecheap – $34 + $9 = $43/yr (N16,700)
  • theme from Themeforest – $59 (N22,900)
  • pay someone to design a simple blog for you – (N10,000)

That’s just N49,600 to start a blog in Nigeria!

If you hired me, you’ll spend less than that, I will give you a theme from my portfolio for N6,000.

That is N49,600 -N6,000 = N43,600!

Ways you can make money blogging in Nigeria;

  • Ads network like Google Adsense, Media.Net, Propeller, etc
  • Selling Ads space on your website
  • Sponsored posts
  • Selling backlinks
  • If you’re starting a music blog, you can help upcoming artists to promote their songs.

You can as well make money with Affiliate marketing in Nigeria, I got some tips to help you;

In Affiliate marketing, you don’t a dime to start, all you need to pay for is marketing. And you can reserve N10,000 to promote your affiliate products on Facebook and Instagram.

So, combining both Blogging and Affiliate marketing, you can start a profitable business in Nigeria with N100K

So, that’s it – Profitable Business to Start in Nigeria with N100K

I don’t have much to say that to tell you to start taking action today. Starting a business is not easy, but since you have N100k with you, don’t sleep on it, take one of these 5 business ideas and start working on it.

I hope this helps? If yes, kindly subscribe to my mailing list to receive free updates like this from me. I sent out updates every Friday and Monday.

Don’t forget that sharing is caring, this might help someone, kindly share using the floating social icons here on this website.

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