Disclaimer: 100% of the money making tips discussed here aren’t get rich quick. Making money online requires perseverance and hard work. Those who earn passive income online have invested their time. So, we won’t be liable for any technique that doesn’t work for you.
We’ve written extensively about some legitimate ways to make passive income online. In this post we’ll cover other ways you can earn offline and online.
More than 70% of the money making tips you’ll find here has been tested and proven to work, while some of them are based on inspiration we got from Owen Burek’s Make Money on savethestudent.org which you can also try.
We’ll continue to add more ideas on this post when we find new workable ones. And we urge you to also share your ideas in the comments section if you’ve found new one.
1) Information packaging
This could be done online and offline, depending on the nature of the information you’re commissioned to research on. You can find this online. Often, you’re given a specific area to focus on. Some individuals, firms urgently need information which they might not really have time to research themselves; they are always looking for people to handle such research for them.
Another way is to independently embark on a hot-selling topics like: how to treat diabetes with ginger, top 100 medical secrets of cashew nut etc are some of the topical medical problem researches you can package and sell to people who need them.
2) Buy and resell domain names
A domain name is a website address like infobase.com.ng, npowerng.gov.ng etc. While extensions include .com, .org, .biz, .con.ng, .gov.ng, .ng, .co.uk etc.
The extension dictates the price of domain name. Some special extensions are costlier than generic one e.g .ng is expensive than .com.
When discount is on, a domain name could go as little as one dollar. When there is no discount, domain name with .com extension could go for 14 dollars or less.
Today, some guys make cool cash by buying and selling domain names.
How does it work?
Follow the trend in business acquisition, and new businesses in your country (or around the world). Buy domain name related to the new acquisition and resell. It is a profitable business for tech guys out there.
It was reported that vacationrentals.com was sold for 35 million dollars ($35million) in 2007.
In Nigeria, during the acquisition process of telecom giant etizalat, the proposed name 9mobile was made public even before the final acquisition was finalized.
It was revealed that a smart tech guy went ahead to buy (9mobile.com.ng, 9mobile.ng, and 9mobile.com) before the owners bought the domain name. The interesting thing is that the first buyer resold it for an undisclosed great price. Unconfirmed report says he made millions of naira from the deal.
Domain name buying and reselling is another way to make money online. You would definitely be contacted when a buyer needs it.
“The trick is to find domain names which have some commercial value, snap them up and then list them for sale on site like sedo.com”
3) Monetize your YouTube Videos
Exclusive video clips on YouTube are great way to make cool cash from Google Adsense. YouTube is a video platform owned by Google. YouTube videos have become source of revenue for some people who upload attention-grabbing videos on their channel with the recently introduced YouTube Partner Programme .We now have Vbloggers all over the world who make cool money from their video clips on YouTube.
How it works:
When your uploaded YouTube video has got at least 10,000 views you can apply for Google Adsense through your channel, and through this adverts will begin to show on your video. All you need do is to appropriately optimize your video before you hit publish.
In Nigeria particularly there are videos that could garner 20, 000 views within a hour. But note that Nigeria and some other countries can’t monetize their YouTube video at the moment; however, you apply using other legitimate available medium.
“You will receive a percentage of the advertising revenue collected per 1,000 views. YouTube is one of the ways to make legit money online while you sleep.
Some bloggers have also gone a step ahead by uploading tutorial videos, “how-tos” videos on YouTube which are later monetized to rake in some cash.
4) Network Marketing
Network marketing can take different forms:
1) Network marketing where you sell physical product;
2) The other one you do not sell any physical product.
In the physical network marketing sales of products are involved through which you generate income in form of commission from the products you sell, and from others who register and sell under you e.g GNLD is an example.
The second one is when you don’t need to sell any physical product. In this case members benefit from matrix method. The more people you bring onboard, the more your referral bonuses and rewards.
One of the known Multi Level Marketing (MLM) in Nigeria today that is known for giving tablet pad, deep freezer, laptops, cars, and loans to its members is Helping Hands International
When you get to a certain stage/level you get compensated with physical material apart from the referral and matrix commission. Popularly called H2i, its registration fee is 4o dollars (N6,600). You need an existing registered member to be on board.
Networking is another legitimate and simple ways to make money in Nigeria and all over the world. The good thing about this is that you only need little investment, and with good use of social media, your account continues to grow even while you sleep.
Please note network marketing is not a ‘get rich quick’ scheme. You will have to work using your marketing skills to get people on board for you to get great referring bonus. The growth of social media channels like Facebook,Twitter, Google Plus etc have made networking so easy.
5) Part time job
Part time job could be online and offline. Either way, availability of jobs depends on where you are based. Part time jobs are easy to find in first-tier countries than others.
However, you can still find part time jobs in Nigeria, but very rare.
6) Write for other bloggers and get paid
Similar to part time jobs is writing for other blogs to make money. You could also find online job as a co-webmaster for a blog if you passed their integrity test. There are lots of blog owners in Nigeria who want trust worthy blog managers and contributors.
You can do this part time and you get paid for your services. Most of them would stipulate the number of unique article to contribute per day: it ranges between one to two articles depending on the blog niche.
You can be paid between N10,000 per month or above depending on the size of the blog.
7) Sell your photos on istockphoto, fotolia and other photo-based websites
8) Become house agent in your area
One of the easy ways to make money offline is to serve as a middleman between a house owner and a prospective tenant. You get commission on the house gotten through you.
All you need do is locate building nearing completion, talk to the owner and by the time it is completed you paste your phone number there. Through this you are able to negotiate with a potential tenant. Some agent in big cities like Lagos, Abuja, Port Harcourt make between 20,000 naira to 50, 000 naira on a three bedroom flat.
9) Become real property agent
Wealthy people are seriously investing in real property. Interesting thing about the millionaires is that they always want to buy property in first-choice areas of the city.
You can make cool money locally by sourcing suitable properties for wealthy investors who simply do not have the time.
Some smart guys in big cities have gone digital by opening a website and list all the sourced properties there for anyone from any part of the world to contact them.
Though it could take time to pay off if you are starting up, with consistence and sincerity you could have list of investors who would be your indirect marketer…referring you to their business colleagues who might want to invest in properties.
10) Convert your manuscript to e-book and sell online
Do you have interesting stories? Go ahead to convert it to e-book and sell on platforms like click2sell, and Amazon kindle store to make money.
Kindle store is more popular than clik2sell. Selling your e-book has never been easier with Kindle App, which can be downloaded on major app stores.
You earn 70 percent (70%) of the sale.
The major thing is to create e-book with value…plus great cover with captivating synopsis.
Try as much as possible to encourage your buyer to drop a few line of honest review at the end of your list.
Sell your e-book and begin to make passive income. Your income has no end in as much the information you provide in your e-book remains relevant, or provides solution to a particular problem.
11) Get paid to write book review
Closely related to selling e-book online is writing reviews for authors and get paid for your objective review. There are some of them that would give you free novel for you to read and come up with your views about it. One good example is Online Book Club where you get free books, and could get paid for your honest reviews. All you need do is to sign up and start getting free books for you to review. Slicethepie is another great platform to earn from writing review.
12) Start your own blog
Starting a blog has to do with passion in a specific area, it could be writing, singing, music, creative works etc. if you want to step up your game, one of the ways is to start your own blog. By the time your blog is stable and provide useful information people will come back for more, from there you build an audience, after this you could monetize it by showing ads on it. There are more than 20 Ads agencies out there, but Adsense owned by Google looks promising than others.
However, we’ve seen situation whereby bloggers source for their won ads when Adsense failed. At the initial stage of Nairaland, it’s learnt that Seun Osewa’s bid for Adsense was rejected severally until he began to source for independent ads for his forum. Today, it’s the largest forum on the African continent and makes than any other bloggers who use adsense.
Starting your own blog has a lot of advantages like promoting your own personal services as well.
How to blog, tech blog and a review blog is one of the areas you can focus on.
13) Affiliate marketing
Promoting other people’s products with the aim of making sales cum commission is called affiliate marketing. This is another cool way to start bringing in money immediately by promoting goods, services, and physical products you think your followers might like.
There are lots of companies and websites that offer affiliate programme. Check if your country is allowed, sign up, grab your affiliate links and start sharing on your blog posts, or by creating a special page for your affiliates.
14) Make money through Fiverr
There are platforms you can sell your services and make easy and cool money. Of all of them, Fiverr is the world’s largest freelance marketplace for buyers and sellers of services referred to as gigs.
Fiverr gives you the opportunity to monetize the special skills you have ranging from logo design, business card design, eBook design, digital marketing, editing, proof reading, Search Engine Optimization, animated logos, website design, programming, business, voice over etc.
The default price on fiverr is $5, depending on the task. There are services you find on fiverr that cost $50 or above. The company gets a certain percentage from the money you are paid.
Mode of payment include Payoneer, Paypal. If your PayPal account does not support payment, Payoneer is a good alternative to Paypal. Payoneer is a global payment firm that is becoming a phenomenon in global payment.
15) Online market trading
Online market trading has been made easier to the extent that you can learn and start trading on your smartphones. You can start this business by yourself with the help of online market trading platforms.
Owen Burek recommends two of such trading platforms: Plus500 and eToro.com
You’re given free accounts on both platforms, Plus500 gives you a free £20 without depositing, but make sure you carefully read the Terms and Conditions.
eToro.com with close to five million user across the globe was recently featured in the BBC 2 documentary “Traders: Millions by the Minute” and the Financial Times.
16) Become a Uber driver
Got your own vehicle? You can begin to make extra cash by driving others around the city. Uber Nigeria is limited to two major cities at the moment in Nigeria: Lagos and Abuja.
Please, check uber website to know the model of the cars that are accepted.
17) Sell past questions and answers for admission-seeking students
Millions of Nigerians seek admissions in Nigerian institutions every year, and more than 90% are always searching for past questions to help them pass excellently well in their UTME and Post-UTME examinations.
Most of Nigerian blogs who cover education and admission news are beginning to sell past questions and answers on their blogs.
If you want to tap into this offline, you can begin as a private tutor through one-to-one tutoring, list yourself on olx, jiji and other platforms.
18) Freelance work
If you enjoy writing, or doing graphic design, there are so many freelance jobs in writing and other simple skills you can handle for someone who might not have the time.
And the best thing about freelancing is that you can work for clients from any part of the World with just an internet connection.
A great place to start is with the leading freelance site upwork.com or Fiverr
You want to start making money offline? Another great way is to look after small children. Some people call it crèche. The best location for this kind of business is school and hospital area. You can consider to advertise yourself to the nursing mothers who need services of child care person.
In Nigeria, there’s no official website for this kind of business, though some child care individuals place advertisement online platform like olx, no one is ready to put her child under the care of a total stranger. In the U.K, findababysitter.com is a platform where you can get a babysitting job.
Other ways to make money online and offline include:
21) Carry out independent research and get paid
22) Sign up to become dealer/installer or PayTV operators like TStv, Dstv, Gotv, StarTimes
23) Sell your unused gadgets on online market place like jiji, olx
24) Sell products for others and get commission
25) Get paid for playing instrumental for churches, at events, particularly if you’re a professional instrumentalist.
26) Get paid to plan events for other people (event planner)
27) Buying and selling of agric produce. Make sure you study the market and make the right connection before you jump into this.
28) Link students with the right institution for during admission season and monetize your service later.
29) Organise peer-to-peer group contribution. This depends on the number of trusted people and people of integrity around you. Don’t start this with dubious people.
30) Above all lay your hands on the skill you have comparative advantage.
We will keep updating. Please let us know if you have questions on how to implement any of these money making tips.