Legitimate Online Business Ideas that Pay Daily
Keeping up with life’s demands on a single source of income is almost impossible in Africa, especially Nigeria. Hence, the reason why many people are looking out for other means to generate income, especially daily. As a result, lots of people are leaning towards online business ideas as a way to tackle the pressures of settling their bills.
The internet provides the perfect platform for anyone looking to make an additional income to either start or run an SME in Nigeria or any in the world. You also can take advantage of these endless possibilities to earn some extra cash to either achieve your goals or meet your needs.
So, if you are looking for online business ideas that let you earn daily, this article is for you. Strap your seatbelt as we explore some of the best options available to you.
What you Need to Run an Online Business
One of the benefits of running an online business is that it affords you the luxury of not just earning an additional income, but to do so daily. Prominent business owners like Akin Alabi and Linda Ikeja have made a fortune from running an online business. The businesses they started as SMEs in Nigeria, have grown to become successful brands in Africa.
You also can build a reputable brand online. To begin your journey as an online business owner you will need:
- A Smartphone or Laptop
- An internet connection
- Your Capital (this depend on the type of business you intend to run)
- Basic knowledge of social media and digital marketing.
Now that you have an idea of the things you will need to run an online business. Let’s take a quick look at some ideas to get started.
Earn Daily with These Online Business Ideas
Here are some online business ideas that will let you earn additional income on a daily basis:
The VTU (Virtual Top-Up) business is one of the most common ways you can earn daily. With your smartphone or laptop, a good internet connection, a blog, and as little as N20,000, you can run an SME in Nigeria.
One of the benefits of running the VTU business is the need for its services. The Virtual Top-Up business allows you to top-up people’s airtime, renew their data subscriptions and pay their bills online. You will get a commission for every transaction you carry out on your platform. If you don’t have your own blog or website, you can register under popular VTU platforms like RAGP (Recharge and Get Paid).
These platforms allow registered users such as yourself take carry out their virtual top-up transactions directly from their website. After paying to register on your preferred platform, all you need is to log in to carry out your transactions. The best part is that you get paid immediately for every transaction you complete.
One of the online business ideas that is becoming increasingly common is dropshipping. With dropshipping, you don’t need to have your own product. All you need to do is create an online store that serves as a platform to sell other people’s products. For instance, you can choose to place a blender on your store even if you don’t have the product.
The concept of dropshipping is simple and can be divided in two parts:
- The first has to do with selling the product of another store and receiving commissions after every completed transaction. For example, you have just sold a blender that belongs to “ABC Tech” to your customer for N25,000. ABD Tech will then pay you a commission for that sale.
- The second part has to do with selling an item of a store that you don’t have any relationship or agreement with. You then wait for a customer to place an order on that item. After the order has been placed, you order the item at a cheaper store with their shipping address. This form of dropshipping is common on top eCommerce platforms like Jumia, eBay, etc.
In the latter form of dropshipping, you’re not paid any commission from the main store. Instead, you sell your product at a more expensive rate.
One of the ways to make money online is by working remotely (freelancing) for other companies or startups. Today, a lot of businesses are taking advantage of hiring freelancers to complete specific tasks without having to commit on for a long time. Hence, giving freelancers the opportunity to apply for the tasks that they are most comfortable with and the rates they feel they deserve.
One of the benefits of freelancing is that it affords you the time to focus on others things that matter to you. You can be a freelancer for a variety of fields such as content writing, Data Analyst, etc.
Freelancing affords you the opportunity of getting paid as soon as you complete the task giving to you by your employer. You can either work as a freelancer in any field of your choice or build an SME in Nigeria that serves as a hub for other freelancers. For instance, you can setup a business that serves as a hub for freelance content writers. You get them the gigs and agree on your commission.
Register on Paid Survey Sites
One of the online business ideas you can earn daily from is taking survey from paid survey sites. These sites conduct researches or take surveys for different organizations by leveraging on internet users like you.
All you need to do to get paid is register on any paid survey website and fill in your profile. In your profile, you will be asked to indicate the type of survey you wish to answer. You get paid after taking a survey.
Everyone can make do with an additional income and the online business ideas above are one of the best ways to earn daily. The best part of running an online SME in Nigeria aside from getting paid daily is that most of them afford you the opportunity of doing other things.