As the economy in Nigeria faces serious major challenges under the current regime of President Bola Ahmed Tinubu, it is important to take a strategic approach to navigating the tough times.
If you have the opportunity to earn income in dollars, this can be a great way to protect yourself from the devaluation of the naira.
Here are some ways Nigerians can earn in dollars:
1. Freelance work: There are many websites and platforms where you can find freelance work in areas such as writing, translation, graphic design, web development, and more. Many of these platforms allow you to set your own rates and get paid in dollars. E.g Upwork, Fiverr, etc
2. Online tutoring: There are several platforms where you can teach English or other subjects to students around the world and get paid in dollars. E.g Thinkific, The Leap, Skillshare, Teachable, Podia, Kajabi, WizIQ, etc
3. Online surveys: There are many companies that will pay you to take surveys and provide feedback on products and services. The payments are typically small, but it can be a good way to earn a little extra money in dollars. E.g InboxDollars, Vindale Research, Vindale Research, Toluna, Pinecone Research, MyPoints, i-Say, Survey Club, YouGov, etc.
4. Sell products online: If you have a product that you can sell online, you can earn dollars through platforms such as Amazon, eBay, and Etsy. You can also set up your own website and sell your products directly to customers.
5. Sell digital products: You can also create and sell digital products such as e-books, online courses, or templates. This can be a great way to generate passive income in dollars.
6. Affiliate marketing: You can sign up as an affiliate for various companies and earn a commission when someone makes a purchase through your affiliate link. E.g Jiji, Konga, Jumia, etc.
7. Blogging: Blogging can definitely be a way to earn dollars! You can set up a blog on a platform like WordPress or Blogger, and start writing about topics that you're passionate about. You can monetize your blog through advertising, affiliate marketing, or selling your own products and services. Once you start getting traffic to your blog, you can apply to join an ad network like Google AdSense, Adsterra, Monetag, Mgid, etc which will pay you based on the number of visitors to your blog and the number of clicks on the ads.
The key to being successful with blogging is to find a niche that you're passionate about and have expertise in, and to create a catchy, solution-oriented and mind-stirring contents.
8. Facebook page/Social Platform monetization: This is a great way to earn dollars through your Facebook page. To be eligible for Facebook page monetization, you need to have certain number of followers and a certain number of engagements on your posts. Once you're approved, you start earning money based on the number of views. You can also earn money from subscriptions and fan support.
It's important to keep in mind that Facebook's rules and policies around monetization are subject to change, so it's a good idea to stay up to date on the latest guidelines. Click Here To Read More About Facebook Page Monetization In Nigeria And How To Get Started.
9. Vlogging: Vlogging, or video blogging, is another great way to earn dollars through your online content. Just like with blogging, you'll need to find a niche that you're passionate about and that you can create engaging videos around. Once you've built up an audience, you can monetize your vlog through advertising, affiliate marketing, and sponsorships. Additionally, you can earn money through platforms like YouTube, which have partner programs that allow you to earn a portion of the ad revenue from your videos.
Vlogging requires a bit more equipment and technical know-how than blogging, but it can be a fun and creative way to earn money online. If you're interested in getting started with vlogging, you'll need a camera, a mic and some basic video editing software. Additionally, you'll need to be comfortable in front of the camera and be able to share your personality and passion through your videos.
10. P0rn blogging:
While some people do earn money through adult blogging, it's important to be aware that this is a highly regulated and controversial industry. There are legal and ethical implications to consider before getting started, and you'll need to make sure you're aware of all the relevant laws and regulations. Additionally, adult content can be triggering or upsetting to some viewers, so it's important to include appropriate warnings and disclaimers. It's also worth noting that some payment processors and advertising platforms will not work with adult content, so you'll need to be aware of these limitations before getting started.
If you're still interested in exploring this option, you'll need to do a lot of research to make sure you're operating in a legal and ethical way. There are a lot of risks and challenges associated with this type of content, so it's important to proceed with caution. Interested About P0rn Blogging? Join Our Whatsapp Group
11. Creating a commercial community and making money via escrow service:
Creating a community where people can buy and sell goods and services, and using an escrow service to facilitate the transactions. The escrow service would hold the funds until the transaction is completed, ensuring that both parties are satisfied with the outcome. This could be an interesting business model, but it's important to consider the legal and financial implications.
12. Glowing and selling/reselling of social media pages and accounts:
Buying and selling Facebook pages and groups. That's a real thing, and there are people who make money doing it. Basically, the idea is to create or acquire a page or group with a large following, and then monetize it through advertising or selling products and services. The key is to find a niche that's profitable and that you're passionate about. Then we the followers grows, you sell the page/platform and make cool cash.
In Conclusion:
There are a few things to keep in mind if you're interested in earning in dollars. First, you'll need to have a way to receive payments in dollars, such as a PayPal account, Payoneer, Skrill, Webmoney, etc or a bank account that supports foreign currency transfers (domiciliary account). You'll also need to be aware of any taxes or fees that may apply to your earnings. Additionally, the exchange rate can fluctuate, so you'll need to monitor the rate and make sure you're getting the best possible value for your earnings.
Written By: Chiekezie Kene Fidelis
