Are you an upcoming artist but wanna know how you can make money from music in Nigeria? You’re reading the right content that will serve you well especially if you’ve been searching for any of these keywords:
i want to sell my song in nigeria, how can i sell my music online in nigeria, how to make money from music in nigeria, music distribution companies in nigeria, how to make a hit song in nigeria, how to distribute music in nigeria, how to put your song on itunes in nigeria
I bet you already knows that entertainment industry in Nigeria is a very lucrative industry among others.. From movies to comedy, showbiz, radio and TV etc. According to recent reliable statistics, Music industry is the best performing industry across all other sectors in the country.
But you know what?
The competition is getting hotter everyday, making it somehow tedious to make your name (or stage-name) a well-know brand not to talk of making money as a musician in Nigeria.
Although the industry may not have lived up to expectations (to many upcoming artists outside there), but to be since, we’ve seen reasonable improvement in the industry across the globe. We have made our stand strong on world’s map.
You may have noticed that Nollywood movies are gradually getting better, music videos are now of high quality and many more, thanks to technology!
Amongst all industries in the entertainment sector, the music industry comes second to movie industry and that would be our topic but more specifically the aspect of making money especially for upcoming artists in Nigeria.
But you may be asking….
Can I really Make Money from Music in Nigeria as an upcoming artists?
The answer is YES! You can make some money as an upcoming artists in Nigeria and at the same time, get more famous.
The reason is that; music is one good art that pays a lot, and the good part of being a musician it avails various opportunities of making money to you. The likes of Wizkid, Davido, 2face, Dbanj, Patoranking etc. are good examples of how lucrative the music industry in Nigeria is.
Apart from buying disks in the market, these superstars in the Nigeria’s music industry makes heavy money.
To be sincere with you, these artists doesn’t rely much on selling disks. You know people from ALABA Market can make 30-in-1 music videos and sell at the rate of N150.
Do you think that’s how WIZKID get millions from these 150 Naira? I’m sure you understand what I’m trying to say.
Right now, the problem is how can an artist make money from music in Nigeria even with that tag “upcoming”?
I’ll be answering that question alongside other helpful tips for musicians. Please join me as I take you through the nitty-gritties of making money from music in Nigeria.
Top Ways to Make Money from Music in Nigeria
Record a hit song
The first thing you need to get started with before thinking of making money from your music in Nigeria is to work on a hit song, also known as “banger”.
Take enough time to compose a meaningful song that will woo people’s attention. Try to do market research before coming to a conclusion.
This is what I mean by doing market research; take a look at what’s going on in your environment, jump to popular social media platforms like Instagram, Twitter and Facebook, check your newsfeed on Opera Mini, UC browser or other News aggregator app and ask yourself: Which or what type of song is trending and people will like to hear at this moment?
I’m not saying you should copy someone else. But you need to go with the flow to make money from music in Nigeria.
BUT If you got a unique style to give out, don’t hesitate to let it out.
Remember Naija musicians like Adekunle Gold, Kiss Daniel, Teni, Fireboy DML, the current street princes; Zlatan ibile and NairaMarley all rose to fame and money making artists with a UNIQUE but hit record.
Market or Promote Your Music in Nigeria
There’s no way you will hear about Wizkid, Olamide, Burna Boy and other top musicians in Nigeria if they have not made enough sacrifices to get song heard.
Yes, they have spent some years working in studio, telling bloggers to help them hype their songs, giving DJs money to help them air their songs and so on….. This is a compulsory sacrifice for any artist aspiring to make money singing in Nigeria.
It baffles me if I look at average upcoming artists in Nigeria who keep releasing good songs but can’t help their own ministry. Is it because they’re stingy, too poor, lack self-esteem or not really serious about the said career?
If you want to make it big, you need to pay for it.
You can promote your music in Nigeria by:
- social media
- radio promotion
- DJ mixtapes
- and so on
Read this helpful article on how to promote your songs in Nigeria for more ideas to get your hard work appreciated.
Selling Your Music in Nigeria
This is a no brainer! You don’t need to be told about this, but if you don’t know how to go about it, I’ll let you know.
So you spent a lot of money in the studio cooking up this great jam and probably a dope video to go with it. How do you make those huge sums back and get much profit?
The first step to sell your music and make money in Nigeria is to get connected with trusted marketers.
There are lots of people in the entertainment industry whose their job is to market products from music to video, movies and all products of entertainment. Getting to know them will help your course.
You will get to meet these marketers by networking with other artists ‘who are doing better than you’ and they connect you with some of the best in the business. Armed with this information, you can go on to sell your music to a wide variety of audience.
Another resource you should is the media houses, more especially radio stations.
It doesn’t take much, with a little sum, you can visit any of the local radio stations, they’ll like to listen to it and if they do and find it worthy of airplay, get ready, your song is about to hit many homes will increase the demand for your song.
But hey, we need to go digital in order to fasten the processes of making money as an upcoming artist in Nigeria. I mean, we need to take the market to the global village, the “internet”.
I’m sure superstars in Nigeria and all parts of the world earn most of their money through the internet. You can also do the same.
I’m sure you will be thinking…….
Where to Sell Your Music Online in Nigeria?
And many more but these 5 digital music stores are available for any smart upcoming artist to make hefty income in Nigeria. Try accessing the website addresses in a browser and sign up as publisher.
You know what? I can help you get your songs on these digital platforms only if you’re ready to pay for the service. if you’re interested, contact me here or WhatsApp me: 080 6886 6068.
Start a YouTube Channel
You’re missing out big time if you don’t have a personal or a brand YouTube channel for your songs.
If you understand how YouTube works, I know you’ll be thinking that how can you make money as an upcoming artist in Nigeria with this video streaming platform.
Especially when you have no music video…..
Isn’t it surprising?
Well, this is how you can make money from music in Nigeria through a good YouTube channel if you’re an upcoming artist;
Start and set up a YouTube channel now, get a video editor or any body who can mix video using apps or software on laptop.
Now, choose a trending music video like “Wo!” by Olamide.
After that, record a cover song for the track that blends exactly with the beat and tell your video editor to mix the original Olamide video with your own cover song.
Give it a name like “Olamide ft (You) – Wo! Remix” and finally upload to your YouTube channel.
Note that I’m using Olamide’s Wo! as a specimen here. You can use any songs that fit your genre but make sure it’s hot and trending.
In my recent research, such tactics will definitely work because Nigeria’s people like entertainment a lot. I know of a YouTube channel that do something exactly like this and get hundred thousands of views.
You don’t need to be doing cover always, you can mix like 5 best video music together and upload or record a review about a particular song.
Now, I know you’ll be asking that….
Will YouTube Really Earn Me Money in Nigeria?
Yes, you can earn millions of naira from YouTube. This is how;
When you’ve reached a certain milestone of views and subcribers, you’ll then apply for Adsense and if you’re approved, YouTube will start displaying ads on your channel, from it you’ll start making money.
BUT note that the more views, the more money you’ll earn.
So, what are you waiting for? Start a YouTube channel today!
I can set up a professional YouTube account for you but only if you’re ready to pay for the service. if you’re interested, contact me here or WhatsApp me: 080 6886 6068.
As a musician, you don’t have to sing songs always you’d have to diversify and songwriting is a good way to do this. Most music artists in Nigeria, the top among them do write songs for other artists and they do make money from it.
Songwriting doesn’t require much, in fact you just need you pen and paper or since we’re in a digital era, you could use a PC to write.
Top artists, like Mr Songs and Perruzi are among the many artists who have established themselves as top music writers in the Nigeria music sphere.
If you could write a song that make it among the hits, be ready coz more offers from top artists awaits you. You can even pitch them yourself.
It’s not that easy to get noticed by these superstars. But remember your goal to make money from music in Nigeria.
Let this goal pushes you to chase your dream as a songwriter. Get along with popular DJs and musicians related to your songs on Instagram.
Get a Website or Blog
This is now getting more serious and important, don’t you think so?
Personally, I’m a blogger as you can easily guess reading this article and also, I have a seperate business website where I showcase my services (website design, blog setup, SEO, freelance writing etc..) and my previous job done.
This blog and my business website fetch me some bucks from ads, sponsored posts and getting clients interested in my services.
You can also use the same strategy to make money from music.
You can do this in two ways;
The first way is to become a music blogger. If you’re an upcoming artist, you can start blogging about latest music in Nigeria including yours.
This will let you build your fanbase and be of great help to your career. It will become easier to do two things at a time; that is, getting huge traffic to download your songs and making money in the process.
The second way is to build a personal website for your music career only.
You can make money from this personal website if your performances and songs are recognized. People like individuals, brand and company will try to contact you for promotion deal.
For instance, Zenith Bank is currently using Emma Oh My God, a comedian turned singer as their promotional ambassador because of his uniqueness and passion in him.
Either the first or the second way, you can definitely make money from Music in Nigeria by having a website or blog.
Doing a live performance is one superb way to sell yourself out to a much greater audience with lots of top personalities in Nigeria. You never know who’s watching, what you’ll find out is that live show sells you out to even those who are not much of a music freak.
Performing at a live show shouldn’t be a big deal, if you’ve got the vibes, the audience will flow along with you. You don’t need to host a live show, seeing that you’re not financially bouyant, you just need to make yourself available for top musicians who will be hosting theirs and from there you can shoot your shot.
But if you’re willing to venture into it, go on and host yours , be prepared to pay top stars who will be participating.
P.S. Ever heard of ‘stealing the show‘ you should do this if you can. Imagine hearing your name all over the place after a live performance, feels so good… right? It doesn’t just feel good, it’s a sign that the people are beginning to fall in love with you, in no time your music sales would skyrocket!
Performing live is a good way to make money from music in Nigeria and you should explore that part, your fans want to see you, feel you, to know you’re the real deal.
The top artists you see today do perform at live shows, parties and other events that fetch them money when they’re not in the studio.
Join a record label!
I know is quite difficult to gain the attention of a good record label in Nigeria, yes it is.
But if you really want to make money from music in Nigeria, and also advance your career, then joining a record label is advisable. You may have heard stories in recent times linking the success of some musicians to their record label, those stories are quite true.
Today, there are lots of record labels available to join, you can choose one by doing what will amaze or impress record label owners.
A good example is REMA who gained the attention of D’Prince, Don Jazzy’s brother and today he’s a rising young star in Nigeria’s music industry under the umbrella of Mavins Records.
Another one which you may know is that of Olamide who signed like 2 artists (Yomi Blaze and Picazo Rhap) after seeing their amazing freestyles on Instagram.
Do something amazing and interesting, try to gain attention from record label’s owners, sign the written contract which should contain certain terms and conditions — in case of doubt ask for more explanation on what may not be clear to you. They’ve been stories about contract misunderstanding and you don’t want that to happen to you.
Reekado Banks, Korede Bello, Di’ja, Lil Kesh, Adekunle Gold all rose to fame after joining a record label.
Even, Olamide was from Codedtunes, Wizkid from Empire Music Mates (EME) and so on…
Bro, you need a successful record label to make money from music in Nigeria.
Distribute Your Songs Online in Nigeria
Okay, you’ve started going through the processes of getting your song heard and paid.
But now, we want to automate another process where you’ll get your songs on both local and digital platforms for either free or paid download… We can achieve this by using the right music distribution companies in Nigeria.
Music distribution companies allows musicians, record labels owners, music bloggers to signup, upload and publish their music for sale (and/or for free).
If you choose the right network to help you distribute your music in Nigeria, then you’ll make money.
So now, let me tell you some of the best DONs in the music distributing business in Nigeria..
Top List of Music Distribution Companies in Nigeria to Make Money
- MTN Music Plus – MtnOnline.com/MP
And many more…
As said earlier, these companies will help you distribute your song to music stores and in returns, you’ll make money.
But note that making money depends on you and the type of your music..
If your music is good and you market it well, people will buy it.
COQ (Consistency, Originality, Quality)
I’ll start first with consistency, a concise look into top music stars one would discover that they are known for a particular genre of music.
You may have heard of the saying ‘jack of all trades, master of none‘! It’s also applicable to the music world. You need to decide on one style of music and stick to it, so when you think about that genre, they’ll think of you. Michael Jackson is known as the ‘king of pop’, it didn’t happen by fluke, he was consistent with his style.
Next is originality. You can’t be someone else, trying to sing like other artists isn’t advisable. As a musician, you should see yourself as a brand and try as much as you can to promote that brand.
Quality! People one to listen to good music, music is sometimes prescribed as a non-oral drug that soothes the mind.
You don’t need to release songs on a weekly, one quality song that will hit played across the country will fetch you good money. Anything worth doing, is worth doing well, keep dropping quality hits and you’ll keep making money from music in Nigeria.
Rounding Off – How to Make Money from Music in Nigeria
Getting your career in music started in Nigeria might be difficult due to high saturation of musicians. For this reason, I’ve dropped some helpful insights for upcoming artists on making money from music in Nigeria, I hope its been worthwhile so far?
Don’t forget to contact me for any digital services, I’m ready to help. In fact, I can be your visual assistant to set everything mentioned here. All you need is to use your money and send me to go ahead. WhatsApp me Now: 080 6886 6068
Don’t forget to share this article with your friends by clicking on the floating social media icons, comment down below, subscribe to my newsletter and stay blessed!
Top 7 MLM Companies in Nigeria To Make Real Money
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.
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.
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.
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:
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.
5 Best Profitable Business to Start in Nigeria with N100k or $300
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;
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.
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.
- Do research on what people around you need or can buy (optional)
- Learn how to start dropshipping – Read this blog post to get started
- Start your own online store
- Then dropship the products.
- Start marketing with paid Facebook and Instagram Ads
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…
- 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?
- Make a killer profile (on Upwork or Fiverr) and start sending proposals/bids
- Attend local events in your city. Exchange business cards and follow up consistently
- Tell your family and friends
- If you start to make money, invest in starting your own digital agency.
- 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;
- How to Start Affiliate Marketing Business in Nigeria
- Top Affiliate Marketing Programs in Nigeria
- How to Create a PayPal Account to receive your payment
- How to Create a Payoneer Account to use as another Method.
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.
How to Dress Like a Smart Entrepreneur in Nigeria
To really show your clients that you are worth investing in, you must learn perfect grooming tips to woo them. I mean, you must learn how to dress like a smart entrepreneur in Nigeria.
Many entrepreneurs meet different clients on different occasions, most of us (the entrepreneurs) are chairing boards of directors, firms, agencies, conglomerated companies, individuals, and government bodies with the aim of achieving the best for the respective companies or organizations they are representing.
The major reason why you need to dress corporately is not just to be attractive or show how extravagant you but you need to dress the way you wanted to be addressed, your business skills or intelligence are not enough!
In business both offline and online branding, you need to understand how to meet-up and simplify your corporate or business dressing etiquette. To be sincere, dressing etiquette and sense should be one of the key factors that all people aspiring to be successful and smart entrepreneurs should have.
Good to know that most business organizations like the banks, hospitals, and other agencies have their own dressing code. For example, the government here in Nigeria allows their workers (otherwise known as civil servants) to wear their native attires only on Fridays.
While institutions like banks, hospitals always are expected to put on their corporate suit and polished pair of shoes while most self-employed dress the way they like or feel.
But, the world of dressing and grooming is entirely different for entrepreneurs, no matter the source of your job and its dressing code. Here in this article, I am going to work you through some tips on how to dress like a smart and successful entrepreneur.
8 Perfect Dressing Tips For Smart Entrepreneurs in Nigeria
Take Your Dressing As An Investment
Before going to your office or to boutique for shopping, you must buy classic and corporate styles that suit your body shape, size, and complexion. Don’t think because your friends are wearing Gucci, Versace, Fila or Nike, you must wear them also.
You need to dress to fit your business not the latest trends in the town. Do take enough time to pick out of many and never wear body-revealing clothes (Mostly women).
Some clients hate this while some want this but as a corporate entrepreneur, you must not wear seducing clothes or have such intention to negotiate with clients with your dressing but rather, seduce them with your business Skills and Intelligence!
2. Change Your Wardrobe Constantly:
Although I won’t advise you to take all your savings to buy clothes that suit your business and body. But, it will be good if you shop for new dresses at least once (or as much as possible) in a month. You should tell your regular clients, prospects, or business partners that you are happy and successful in your chosen career and one of the best ways to do this is through your dressing.
Don’t look retarded, tactless, or awful in appearance. Change all old clothes to New One. If you don’t know how to shop for clothes that fit you and your business, ask those who are professionals in fashion.
3. Build Good Body Shape
If your body shape is not good enough, you must try the right and safe remedy to build it up. Doing an exercise or going to the gym regularly will give you perfect body shape. The reason for this is that, no matter how fabulous you dress without having good body shape, such grooming efforts won’t go beyond your room.
You may look stupid to some people and this may cause depression or frustration if you find out what people or your business partners are saying behind you.
4. Keep Your Make-up Simple:
This concerns the women who like using cosmetics in an excessive way. Let go of make-up products that are too flashy but instead choose the one that will show entrepreneurship and serious in you. Remember you are dressing for a business not for partying and you must not annoy your clients or allow them to take you for granted because of the way you dress.
If your make-up is faulty, there is a possibility that you will face some faults with clients and business partners. If you can’t perfectly do good and nice makeup for yourself, I will advise you to consult a make-up artist for help.
5. Do Like A Roman When You Are In Rome:
I mean, you should understand how to dress for each business occasion. You can’t be working in a bank or hospital and be wearing jean and canvass to office, you cannot be going to farming to make the heaps or ridges and put on a suit.
You can’t be a military man and be wearing “mufty” to station or barrack (although, you may wear the police vest or any designated dresses by the military officials). You must select clothes according to the nature of your business or profession.
6. Understand The Atmospheric Condition:
Always, dress according to the weather condition. If it’s during the rainy season, wear clothes that will protect your formal dressing from being immersed by rain like a coat, jacket, etc.
Go for clothing materials that are reflective of the season. Clothes that are thick are good for fall and winter and it’s not advisable for summer but instead, Light linen fabric or clothing materials will be good for it (summer).
7. Avoid “Color Riot”:
This is a “must” for all entrepreneurs who want to dress up well and gaily as a successful and smart entrepreneur. For business and corporate sake, it will be perfect if your coat, tie, shoes, handbag, shirt, skirt, trousers, belts, and other things you will put on Match each other.
For women, a black handbag should be matched with a black shoe. For men, a blue coat should match with blue trousers and so on. If you do this in the right proportion, this will show your creativity, intelligence, and how much more you can take care of things perfectly.
8. Wear Quality Dresses:
As I have said earlier, you don’t need to put yourself into debt before you dress like a smart entrepreneur and that’s why I suggested that you should buy Clothes for at least once in a month or more depending on your salary or income.
But, make sure that the “one” you will be buying will be a quality “one” not fake. Most clients will study everything you put on before they can give their project or contract to you.
You remember the adage that says “Dress as you Want to Be Regarded” So, wear quality materials if you want your clients and business partners to take you so important.
Top 7 MLM Companies in Nigeria To Make Real Money
5 Best Profitable Business to Start in Nigeria with N100k or $300
How to Get Auto or Vehicle Insurance in Nigeria (Updated 2020)
How to Get Travel Insurance in Nigeria (Everything You Need to Know)
15 High-Paying Digital Skills to Make Money Online in Nigeria
9 Best Referral Apps to Make Money in Nigeria (Updated 2020)
11 Best Ways to Promote or Market Your Music in Nigeria and Beyond
Top 10 Freelance Websites to Make Money Online in Nigeria
Top 10 Money Making Apps in Nigeria (2020) – Earn Money Using Smartphone
Top 10 Online Paid Survey Sites in Nigeria
How to Easily Open a PayPal Account in Nigeria (and Verify It)
10 Best Affiliate Programs In Nigeria to Make Money Fast
Earn $25 for Free While You Send & Receive Money Online Easily!
Interested in Recharge Card Printing Business?
Subscribe to Receive Free Updates;
Buy a Reliable Web Hosting or Server
- Business51 years ago
Top 10 Agricultural Businesses in Nigeria with Little Capital but Huge Profit
- Business51 years ago
Malthusian Theory: Is Corona Virus a Man-Made Weapon to Control the Population?
- Business51 years ago
How to Dress Like a Smart Entrepreneur in Nigeria
- Banking51 years ago
How to Get a Payoneer Account in Nigeria (FREE) & Obtain MasterCard Easily
- Make Money Online3 months ago
20 Ways to Make Money from Home in Nigeria During this COVID-19
- Business51 years ago
How to Start a Junk Hauling Business in Nigeria – Make Money from Trash/Waste
- Banking51 years ago
How to Get UBA Africard in Nigeria, Activate and Load It
- Business51 years ago
Top 10 Hot-selling Products for Mini-Importation & Dropshipping in Nigeria