8 Ways To Make Legitimate Money Online

Binomo | Inside Life
September 10, 2018

Making legitimate money online for many young people would be the ultimate dream. For so many young people across the world, being able to find steady income-generating opportunities online, would allow them to quit their toxic day jobs and become their own boss.

 

In addition, being able to spend quality time with family while taking control of one’s time and finances is a major attraction for young professionals in Nigeria and around the world. Like any other business venture, sustaining your online income stream will take some dedication, focus, and patience, meaning that one must be ready to invest some effort and smart work in order to actualise the dream.

As an internet savvy Nigerian, here are 8 legitimate ways to make money online:

1. Affiliate Marketing

With affiliate marketing, one can partner with businesses and brands on your own website or social media pages. By promoting other people’s (or company’s) products, you can then earn a commission on sales. If you find a product you like, promote it to others and earn a piece of the profit for each sale that you make.

2. Consulting

If you’re an expert in your field, you could potentially find people who are willing to pay you to counsel/advise them on their personal or business challenges. You might think you’re not knowledgeable enough to consult for big companies, but you could be surprised at the types of expertise people will pay for especially if you are consistent.

3. Freelance Writing

If you have very good writing skills and creative talent, then it’s possible to get paid to create online content. According to a full-time content creator/blogger, she started writing content some years ago part-time, while having a 9-to-5 job. Over time, she began making more money from writing content online until she could quit her full-time job to write. People are doing it, and you can too.

4. Start a YouTube channel

YouTube is another platform that can be monetized. There are tons of YouTube channels on any topic you can think of, and most people with many followers and great views are earning good money in dollars. Pick an interest and then consistently put up interesting video content on your channel. If it’s interesting and you are consistent over time, the views will come and you can earn money.

5. Become a virtual tutor

Another way to make money online is by teaching others what you know. You can become a virtual tutor and engage in one-on-one tutoring sessions or even host Webinars to help people directly with any number of topics. Nigerian websites like Tutors NG allows users to monetize their knowledge by creating online learning materials for others in need of a specific knowledge.

6. Podcasting

Podcasts are digital media files, most often audio, but they can be video as well, that are produced in a series. Unlike radio or television broadcasts that have set programming at certain hours, with podcasts, listeners are not locked into programming on any schedule. If a podcast gets popular, advertisers would be willing to pay for their brand name being mentioned and for exposure to your audience.

7. Blogging

For over 10 years now, blogging has been one of the surest ways to make money online. Blogging, when done properly, can easily generate from thousands to hundreds of thousands of Naira per month. Blogging needs a bit of patience before you can start making real money from it. All you need to do is to keep writing regularly and sharing your website and contents on social media platforms. Using various free web tools, the audience traffic and views can then be monetized for advertising and sponsored posts.

8. Online options trading

Online trading platforms (brokers) allow users to earn profits on the rises or falls in currency exchange rates and prices for shares or commodities across the world. Platforms such as Binomo (www.binomo.com) offer easy and safe trading, while providing free analytical insight and educational training materials to help both experienced and new users trade profitably on the internet.

The internet is a well of possibilities, so use it right and you can live the life of your dreams.

Sponsored by
Binomo

Join The Conversation

Bring a friend.

You'll like this

December 18, 2018

What happens when you put a group of chatty young Nigerians, who are tired of the country together? You get Nigerians talk. A show that discusses very familiar struggles for the average Nigerian. From living alone to dating to just not having sufficient funds in your bank account. If you are a veteran of Zikoko, […]

October 17, 2020

Although non-members of the LGBTQ+ community are harassed when profiled as “gay”, a lot of people believe that the QueerNigerianLivesMatter hashtag is unnecessary. Members of the LGBTQ+ community, like many Nigerians, are fighting for their right to exist. They are victims of police brutality. So, we spoke to some queer Nigerian protesters to tell us […]

October 1, 2019

The year was 2960. The country had not yet become a post-apocalyptic wasteland because, at some point, we took climate change seriously. No section of present-day Nigeria had broken off to form a new country. Yes, the unlikely happened. Everyone set aside their differences and came together as a united front. Across the nation, the […]

May 28, 2019

I don’t know if you guys noticed but we have a brand new site. If you play around it a little you’ll notice all these snazzy new features like ‘Zikoko Originals’ where you can find all of our original video content. Or the ‘Recommended Stories’ section where we highlight articles we think you absolutely need […]

Watch

Now on Zikoko

Recommended Quizzes

April 1, 2020

Everyone has a Nigerian bank that matches their personality. You could either be as likeable as GTB, as efficient as Access or as mature as First Bank. Either way, all you have to do is take this quiz and we’ll let you know with almost 100% certainty. So, go ahead:

November 15, 2019

There are two types of people in Nigeria right now: those who are proud Marlians, and those who are still in denial about stanning the divisive star. So, for those who proudly wear the Marlian tag, we made a quiz to test how well you really know Naira Marley. If you get more than 6 […]

November 7, 2019

These days, everyone is always talking about how much sex they’re getting, or how little sex they’re getting, or how disgusting sex is etc. There’s just so much talk about sex, it’s almost impossible to know who’s lying and who’s telling the truth. In anticipation of our new series about the sex lives of young […]

December 29, 2021

A new year is right around the corner. Before we go into 2022, enjoy some of our top quizzes from this year. 1. QUIZ: Only Nigerian Gen Z’ers Can Make It To The End Of This Musicians Quiz Forget about your age. If you can make it to the end of this quiz, you’re definitely […]

October 30, 2019

2010 was a game-changing one for Nollywood, with our movies making serious cash and getting international acclaim. So, which of these hits released between 2010 and 2019 — from the pace-setting The Wedding Party to the divisive Trip To Jamaica — best suits your personality? Well, that’s what this quiz is here to answer:

More from General

March 10, 2022

Offers opportunity for young changemakers from Nigeria, Kenya and South Africa to join the Global Citizen Fellowship Program for a year-long, full-Time, paid placement International advocacy organisation Global Citizen has today announced that application for the 2022/23 Global Citizen Fellowship Program powered by BeyGOOD is now open until 29th April 2022. Fifteen young African changemakers: […]

March 8, 2022

Triller, the AI-powered, open garden technology platform for creators, has joined #BreakTheBias, the global campaign in honor of  International Women’s Day (#IWD2022) on Tuesday, 8th March.  All Triller platforms will feature stories from 30 incredible women in the music and entertainment industry who are working to end gender bias, along with a specially curated #BreakTheBias […]

March 4, 2022

In view of the humanitarian crisis in Ukraine, MTN has announced it will be offering free international calls and SMS to all existing prepaid and postpaid customers, effective immediately. This offer is aimed at supporting customers to stay in touch with their loved ones while eliminating associated International Direct Dialing (IDD) costs due to high […]

March 3, 2022

ASUS has released its new Zenbook 14 Flip OLED (UP5401EA) and Vivobook Pro series (N7600/N7400). Pre-orders are available now. The Zenbook 14 Flip OLED (UP5401EA) is a slim, light and ultra-versatile convertible design equipped with a 4K OLED HDR NanoEdge touchscreen, having a 16:10 aspect ratio to give you a bigger visual workspace. The Asus […]

February 26, 2022

FairMoney Microfinance Bank, a leading fintech firm is currently revotionalizing  the digital banking space in Africa. The firm known for its dominance of micro lending in Nigeria has  transitioned into  a full fledged credit led digital bank. With this new height reached, comes a promise to provide Fair banking for all. FairMoney prides itself as […]

Feature image
February 26, 2022

Ensuring that Valentine’s Day fell within ten-day chocolate marketing period may have been a masterstroke for Ghana’s chocolate marketers. But they were also helped because a campaign launched 15 years ago to encourage local consumption of chocolate is beginning to bear fruit. By Zubaida Mabuno Ismail, bird story agency. “I have run out stock of […]

Watch

Trending Videos

Zikoko Originals

December 14, 2020
What happens when a group of chatty young Nigerians talk about things they're passionate about? You get Nigerians talk. A show that discusses very familiar struggles for the average Nigerian. From relationship deal breakers to sex education with Nigerian parents to leaving Nigeria, be prepared for a ride.
November 2, 2020
'The Couch' is a Zikoko series featuring real life stories from anonymous people.
October 26, 2020
A collection of videos documenting some of the events of the EndSARS protests.
June 22, 2020
'The Couch' is a Zikoko series featuring real life stories from anonymous people.
June 22, 2020
Hacked is an interesting new series by Zikoko made up of fictional but hilarious chat conversations.
June 4, 2020
What happens when a group of chatty young Nigerians talk about things they're passionate about? You get Nigerians talk. A show that discusses very familiar struggles for the average Nigerian. From relationship deal breakers to sex education with Nigerian parents to leaving Nigeria, be prepared for a ride.
June 2, 2020
Quickie is a video series where everyone featured gets only one minute to rant, review or do absolutely anything.
May 14, 2020
Isolation Diary is a Zikoko series that showcases what isolation is like for one young Nigerian working from home due to the Coronavirus pandemic.
March 12, 2020
Life is already hard. Deciding where to eat and get the best lifestyle experiences, isn't something you should stress about. Let VRSUS do that for you.

Z! Stacks

Here's a rabbit hole of stories to lose yourself in:

Zikoko amplifies African youth culture by curating and creating smart and joyful content for young Africans and the world.
X