These Top 5 Booming Side Hustles in Nigeria Are Making People Rich.
No matter what the state of the economy is, it is important to have multiple streams of income. Living on your salary alone can be difficult at times. And most times, you’re just one emergency away from stumbling over your monthly budget. To make matters worse, not many people have a salary they can depend upon.
Here’s what I mean; in early 2021, the National Bureau of Statistics said that Nigeria’s unemployment rate rose from 27.1% to 33%, in 2020. Making it the 2nd highest on the Global list.
And with the lack of job opportunities in the country the need for having multiple strams of income more necessary than ever.
This is why we took the pain of gathering 5 of the hottest side hustles in Nigeria that you can jump on right now.
Whether you have a job or not, it’s good to have a side hustle that brings you an extra stream of income. However, none of these side hustles in Nigeria is a get-rich-quick scheme. So you’d need to put in a lot of consistent effort, in order to grow your earning capacity.
And guess what? We picked the most promising side hustles in Nigeria that you can get started with little to no startup money at all.
Let’s take a look at them.
1. Affiliate marketing
I know you’ve heard all the buzz about affiliate marketing lately. That’s how you know it really has been “booming”.
Almost everywhere you turn there’s someone trying to sell you something. And for good reason too, the payout is beautiful. Which is why it is our number one on our list of top side hustles in Nigeria.
Even this secondary school student was able to make up to N400,000 as an affiliate marketer:
Affiliate marketing is when a company pays you a percentage (%) for you to advertise and sell its products. Then you get paid a certain percentage of the product that you sold.
For example; if you were an affiliate for a N300,000 product, and you agreed to be paid 10%, then every time you sell that product to someone you would get paid N30,000.
And some platforms such as Expertnaire pays their affiliates up to 75% off of every sale.
The beauty of affiliate marketing is that you don’t have to buy the product. You can just market it online and get paid whenever someone orders the product.
If you like the sound of that then check out Expertnaire. Take their course to learn how it works, and take your time to sell their products.
2. Cab driving
This is one of the most active side hustles in Nigeria.
I know how it sounds, but you don’t have to worry about being a cabbie. You wouldn’t have to drive a cab all over your city.
But you would have to drive passengers from one location to another.
Thanks to apps like Uber and Bolt, you can make as much as N30,000 weekly, just by driving people to their destinations.
Depending on your location, you could make as much as N1,500 – N2,000 from a single ride:
If you have a day job then your hours from 8 am to 5 pm are probably already occupied. But you could still make a handsome profit from driving an Uber only at night – which happens to be its busiest hours.
And if that doesn’t work for you, then you can also work only on weekends. I’ve met some Uber drivers who work only on weekends and still make good money every month.
So, if you have a car that’s laying around and taking money out of your bank account, then it’s about time that you took it from being a liability to being an asset.
3. Event Planning
This is one of my favourite side hustles in Nigeria. As a matter of fact, it could even serve as a full time career.
Although it might have a bit of a learning curve, because you’d have to learn how to plan, prepare, and manage an event.
Luckily for you, you can learn all of this and more in Lagos, at IndigoCrystal.
Their fees range from N70,000 – N100,000. And trust me when I say that it’s worth it.
They’ll teach you:
– How to work with vendors, photographers, and caterers.
– The business skills needed to find, sign, and work with clients.
– And how to plan and manage a luxurious event.
If you shine your eyes, you’d notice that there’s always an occasion happening every single weekend. Nigerians love to party, and they love to be loud about it.
So if you take your time to learn how to organise an event, I’m sure that you would end up making a small fortune for yourself.
Your biggest challenge might be finding your first client, but you don’t have to look far. I’m certain that there are tons of people within your city who are looking for an organizer.
All you need to do is get the word out that you are an event planner and very soon a friend of a friend will be asking for your services.
4. Videography
If you didn’t like the previous idea because of the hassle that comes with organising an event, then here is something less exhausting for you.
All those events that I mentioned earlier. The ones that happen every weekend, they would also need a videographer to film their occasion. And that’s where you come in.
Don’t worry, you aren’t shooting an award-winning movie. You don’t need to be a spectacular cameraman.
All you need to know is how to handle a camera, how to work your angles, and how to edit your videos. All of which you could learn on Udemy, together with a little bit of practice.
Your biggest struggle here might be finding a decent camera and the equipment that goes hand-in-hand with it.
Why?
Because camera equipment is usually quite expensive. But you don’t need to be scared, websites like Konga and Jiji offer high-quality cameras at good rates. You just need to find a camera with good specs that’s within your budget.
5. Content Creation
This is another great way to utilize your video editing skill.
Video content is currently the most consumed type of content online.
And if you have any form of specialized knowledge/skill, like plumbing, mechanics, or even cooking and baking, then I have good news for you.
Whenever someone needs help they search Google for advice. Then Google suggests videos from YouTube that might help solve your problem.
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So if your YouTube channel has a lot of videos that answer questions regarding a particular field, then it would eventually be recognized as an expert in that field.
But that’s not all.
With over 2.1 billion monthly users worldwide, YouTube is the 2nd most used platform. And it doesn’t fail to reward its users.
YouTube pays its users for every view that their content gets. This means you’ll get paid every time someone watches your videos.
There are lots of other ways to make money from content creation, besides YouTube. If you’d like to discover them then simply follow Naija FM on Facebook and Instagram for more updates.
Conclusion
That’s it. Those are 5 of the hottest side hustles that you can start today, with little to no money at all.
I hope that one of them resonated with you and that you would consider starting it as a business. Even if they didn’t connect with you on a personal level, I still urge you to give it a try.
Pick up one of them and try it out until you start to reap an extra stream of income for yourself. It can never harm you for trying.
If you have any good ideas for a profitable side hustle, feel free to share them in the comment section below so that our readers can have tons of options to choose from.
