22 Online Business that Pays Daily [2023 Updated]

The internet has made life easier these days. Unlike ages ago when everyone had to leave their houses every day in order to make a living for themselves, the internet has made it possible to earn from your home. Basically, making money daily is now as easy as turning on your data, interacting with customers online, and receiving your payment in your bank account. If you prefer a less stressful and direct source of income for yourself, then you should check out these online businesses that pay daily.

What is an Online Business?

Online business is any kind of digital business that can be executed only over the Internet, such as the sales of goods or services. Generally, online businesses don’t require you to have a physical office because it can be conducted completely over the Internet. People who engage in online businesses only rent physical offices when they start expanding and become well-established.

What are the Requirements For Starting an Online Business in Nigeria?

Before you start any online business in Nigeria, you need to have certain things in place. So what are the requirements for starting an online business that pays daily? Let’s go over them one after the other.

1. Knowledge/Skills

The first and most important thing you must have before thinking of opening an online business is the knowledge of how to run it. You can pay to join a class of your desired skill and learn everything there is to know about it. If you hope to provide digital skills as a service, you can just buy and complete a course on Udemy or Coursera to sharpen your knowledge about it.

2. Computer/Smartphone

Another important thing you must have if you want to run an online business successfully in Nigeria is a smartphone or computer which you can use to access and stay connected to the internet. Essentially, this device will help you reach and interact with your customers.

3. Internet Access

A phone or computer without internet access is not ideal if you want to start an online business in Nigeria. So, now that you have bought a smartphone/computer, the next thing you need is a reliable internet connection. You can just buy a router or MiFi to help you access the internet easily. As a new brand that is starting small, a MiFi may be more suitable for you since it is cheaper.

5 Reasons Why Nigeria’s Awesome for Online Business

Now, you may also be wondering why Nigeria is still suitable for online business despite the state of the economy. Here are the top 5 reasons why Nigeria is an awesome country for online businesses to thrive

1. Nigeria has great internet hosting

Over the last two decades, Nigeria struggled to establish a great Internet connection. Fortunately, things have gotten better now. The improvement of satellite technologies and fiber optics has made it possible for Nigeria to fully transform itself into one of the top economies with good internet hosting.

2. Easier to Compete

With the rate at which the Nigerian economy is developing very quickly, it will be a smart move for anyone to establish an online business here. Right now, Nigeria has an ahead-of-the-curve benefit that allows people interested in running specialized online businesses to find a strong foothold. Hence, you wouldn’t have to worry about competing with people from other countries. Your main contenders will also be people like you doing online business here in Nigeria. So you just have to be able to sell your brand smartly.

3. Nigerians have the ability to teach themselves great skills

Since white-collar jobs are a little scarce for the average Nigerian, many Nigerians have been able to teach themselves something out of nothing. So Nigerians are not lazy. Currently, there are very useful digital skills, such as Internet marketing, writing apps, web hosting, and programming that can fetch you a lot of money in the Nigerian IT industry.

Also, in response to the ban placed on the importation of certain foods into Nigeria, Nigerians have capitalized on agriculture to produce their own foods.

4. Marketing companies are of high quality in Nigeria

Marketing – and digital (online) marketing – in Nigeria is quite on point. So if you create an online brand in Nigeria and want to outsource the marketing, it will be very easy to find a quality marketing firm in Nigeria.

5. Nigerians Are Trustworthy and Hard-Workers

One major truth about the workforce in Nigeria is that they are generally hardworking and trustworthy. Many employees in Nigeria are keen on finishing their work in an orderly and timely fashion.

Top 22 Online Business that Pays Daily in Nigeria

So what online businesses in Nigeria have the capacity to pay you daily? Listed below are the online business that pays daily:

1. Blogging

Right from time, blogging has been a very lucrative online business that you can earn from every day. So if you have good writing skills and are wondering how to make money from it, you can go into blogging. You should earn about $100 from it every day depending on how big your website is.

To start blogging, all you have to do is to buy a domain name and buy a reliable hosting service. Here are the 10 steps to take if you want to start a blog that can fetch you money:

Know your target audience and pick your niche. A niche is a precise topic that your blog will concentrate on.
Choose a suitable hosting platform.
Create an impressive blog name.
Set up and customize your website.
Create different pages and categories, depending on how you want it.
Draft out a content strategy.
Write your first blog post.

Once you start writing on your blog, you must continue to be consistent with your updates as that will help to build your authority on the internet. As long as you are writing valuable content that is tailored to your audience’s needs, you’ll make a lot of money from blogging.

2. VTU business

Virtual top-up (VTU) business is another good online business that is easy to start in Nigeria. It is a very famous and profitable business. Essentially, this business entails the sales of airtime, data, as well as cable subscriptions. It is no news that many Nigerians can’t do without all these things mentioned, especially airtime and data.

To start your own VTU business, you have to buy VTU sim cards for each of the networks available in Nigeria (Glo, MTN, 9mobile, Airtel) and load each of the cards with a considerable amount of money. Thereafter, you register with any trusted VTU website and become a VTU vendor through your account. Some of the cheapest VTU websites in Nigeria include:

Dataway
Data Plaza
Vtu.com.ng
Vtu King
VTU Data Zone
Naira Data
DelData
VTU.ng

Essentially, these platforms give you access to sell airtime, data, and other subscriptions at a subsidized rate. Once you have successfully registered on a VTU platform, you can start selling data and airtime to people around you through the platform, while you make a profit from it.

3. Cryptocurrency

Another online business that has the capacity to bring in money every day for you is the business of cryptocurrency. Ever since the first cryptocurrency, Bitcoin was released in 2009, the crypto industry has grown and expanded across the world.

You can start your crypto business by registering on any legitimate crypto exchange platform in Nigeria, such as Coinbase, Kraken, Quidax, etc. Once you’ve signed up successfully, you can fund your wallet and buy some tokens that can be easily traded at a higher price for profit.

Before starting your crypto business, set aside at least two months to study the fundamentals of cryptocurrencies and how they work. You can even enroll in a course/training from any trustworthy crypto mentor. This will help you understand the enterprise better and increase your chances of earning well. The cryptocurrency business is completely legitimate/legal, and it only pays people who have a critical understanding of crypto and its volatility.

4. Become a YouTuber

Actively running a YouTube channel is another online business that pays you every day. The best part is that you can accomplish this with little capital. As long as you are creative enough to make interesting video content, you should excel in this business.

To start a YouTube Business, you need to first choose your channel niche. Your channel niche will be the kind of content your videos will focus on. When you figure out your niche, create a YouTube channel by signing up on the YouTube app, and start uploading your videos. You would be eligible for monetization when you reach 1,000 subscribers on your channel and over 4,000 watch hours in the last 12 months.

If you can achieve this, your income will become daily and consistent. Every Nigerian can earn a lot from YouTube at little to no cost.,

5. Dropshipping

Dropshipping is another legitimate online business to fetch money for you. Essentially, dropshipping entails obtaining products from other parties and selling them to people online. So you don’t need to have a physical store before you can operate. Here are seven steps on how you can start a dropshipping business in Nigeria:

Choose your niche and products. Think of the kinds of products you would like to sell.
Research about the suppliers of these products. You can visit some wholesale physical stores and collect their contact information for you to resell as a retailer.
Create your online store where you can list your products.
Research the different delivery options that customers can use to pay for your products and integrate them into your platform.
Set up a payment platform
Market your business and brand on social media platforms
Manage your business

Alternatively, if you prefer to start on a smaller scale, you can just lose your products on e-commerce platforms like Jumia and Konga and start selling products. Ensure that you create a social media page for your brand too to attract more audience from social media.

6. Content Writing

Content writing is another solid online business that pays daily no matter where you are in Nigeria. Basically, this business involves the drafting of several types of articles and other formal writing. As a content writer, you can be asked to create website content writing, blog content, or even dabble in copywriting. Hence, you must possess the necessary writing skills to make your work a perfect one.

To succeed as a content writer, you must first understand the basics of SEO (Search Engine Optimization). You can learn all the necessary skills you need to learn as a content writer on Udemy or Coursera. When you perfect your skills, open a LinkedIn account and start applying for jobs.

7. Join Top Affiliate Marketing Programs

Over the last few years, Affiliate marketing has been one of the top side businesses for the average Nigerian youth. It is a good example of an online business that pays you without any capital investment. This business allows you to start generating cash online in Nigeria without the need to spend any money.

Basically, affiliate marketing involves the promotion of other people’s brands and sales of their products and in return, you earn commissions from it. To start as an affiliate marketer, sign up on a legit affiliate marketing platform in Nigeria and join their affiliate marketing programmes. Here is a list of the best affiliate marketing platforms:

Jumia Affiliate Program
Konga Affiliate Program
Web4Africa Affiliate Program
PayPorte Affiliate Program
Wakanow Affiliate Program
VConnect Affiliate Program
Bet9ja Affiliate Program
WhoGoHost Affiliate Program

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8. SEO Services

SEO is another profitable online business in Nigeria that can fetch you cool cash. This business is one of the facets of digital marketing and it will keep making waves as long as digital marketing business exists.

To start your journey to becoming an SEO expert, the first thing you have to do is to learn the fundamentals of SEO. There are several online courses you can take to learn it. Once you have an idea of what it is all about, you can draft a CV and apply for SEO jobs around you.

9. Online Coaching

Online coaching is simply becoming a teacher to students online. It is another online business that is worthwhile and has the capacity to pay you daily if done properly.

If you understand any major Nigerian subject or have any digital skills, you can teach it to people online for a token. You can decide to create a WhatsApp or Telegram group chat for your online coaching or just register as a teacher on an online learning forum. This is best used as a side hustle for your main business.

10. Marketing on Social Media

If you are an active user of social media, you can just make money from it instead of letting it consume all your data. You can dive into social media marketing for a start. As a social media marketer, your job is to use social media to advertise the products of brands and businesses in order to attract customers. If you have a considerable number of active social media followers, you will excel in this business.

If you have a large following on social media, just start by advertising your work as a social media marketer and different brands will start giving you jobs in no time.

11. E-commerce Business

E-commerce involves the buying and selling of goods via the Internet, as well as the payment for the products. Examples of some prominent e-commerce websites include Jumia, Konga, Jiji, etc.

If you want to go into an e-commerce business, you must have enough capital to start a website, as your clients will have to visit your site to purchase goods. Here are the steps to starting your own e-commerce business:

Research different e-commerce models and decide what you would like to sell
Write a business plan
Select a business name and start putting together your brand
Register your business with the appropriate authorities
Create an e-commerce business website where customers can come to shop and have the goods delivered to them.
Source and develop all your products or services.

One fascinating aspect of an e-commerce business is that you can operate it from anywhere, regardless of your location online. Since it’s online, your clients can buy your products from anywhere, with the orders getting transported to their location.

12. Graphic Design

Another good skill that can fetch you a lot of money online in Nigeria is graphic design. Essentially, it involves developing amazing graphics for customers online using Photoshop, Corel Draw, Canva or any other applicable software.

For a start, you need to learn the basics of graphics design via any online learning platform and acquire some certificates. You can add these certificates to your CV and start applying for jobs. Alternatively, if you want to go into freelancing, you can sell your graphic design skills on sites like Upwork and Fiverr.

13. Selling Digital Products

If you’re looking for ways to generate money online in Nigeria without spending a dollar, consider creating digital items and selling them online.

If you have extensive knowledge in any industry, you may develop a guide in the form of a course, eBook, videos, and so on, and sell it online to individuals who want the information.

14. Mobile app development

This is one of the most outstanding digital skills that can fetch you a lot of money in many tech companies in Nigeria. Unfortunately, due to how demanding it can be, not many people are willing to learn it. If you are willing to learn, the process is not easy, but the profit is going to be worth it.

To start your mobile development business, you have to study and understand the fundamentals of programming. This is because you need to know how to program mobile apps for your clients. You should spend about six months learning this course so that you can master it.

When you master this skill and are qualified, just a single project you handle can fetch you millions of Naira.

15. Selling social media pages.

Selling social media pages may sound odd but it is one of the most popular and legit online businesses that can fetch you a lot without stress. If you are popular on social media, this business would be perfect for you.

All you have to do is to create numerous social media pages for diverse niches, promote them aggressively to gather followers, and sell it off once you’ve gotten a large audience. Alternatively, you can buy existing pages with large audiences and resell it after adding your profit. You would make a lot of money from this business if you sell pages that are already monetization. Most people pay more money for a page that is already monetized.

16. Social Media Management

If you have the skill to manage a brand’s public image and know how to communicate with people fluently and politely, then you can begin managing the social media accounts of prominent brands and celebrities.

All you have to do is learn the fundamentals of social media management and how to efficiently interact with the customers. You can purchase an online course for this and get certified. Once you are certified, you can start hunting for individuals or businesses who prefer to outsource their social media management to experts.

17. Publish on Amazon KDP

The business of writing books and publishing them on Amazon KDP is profitable for people who enjoy creative and educative writing. Essentially, it involves writing books and listing them on Amazon for people to buy them.

If you’re a gifted writer, you can easily convert your skills into cool cash. On Amazon, you can start authoring and publishing books. This could be any kind of book: a storybook, a novel, an instructive book, an educational book, etc. Here’s how you can write and start earning with Amazon by publishing in just a few steps:

Research and identify your topic
Write your book based on the niche you choose
Edit your book
Design a catchy cover
Register on Amazon the KDP website
Publish your book on Amazon as one of their authors
Write your book description and make it catchy to attract customers

18. Website Development/Design

Web development and design is another profitable skill that you can start up as your online business. Since the world is going digital and most brands will need a website to stay updated with the latest trends, web development and design are in very high demand. In fact, a single web development project you manage can fetch you millions of Naira to show you how lucrative this business is.

Just like other businesses listed above, you have to learn the basics of web design in order to excel in the business. Taking online classes can help you out with all of these. Thereafter, you can advertise your services to potential clients.

19. Domain Reselling

This is another smart online business that you can manage, even if you have small experience. Essentially, this business involves purchasing domain names for websites, keeping them, and selling them off at higher rates.

To dive into the domain reselling business, you must generally sign up with a domain registrar that offers reseller programs. The registrar will offer you a reseller account, which gives you access to their main domain registration system. Thereafter, you can purchase domain names at a discounted fee and sell them off to your clients at a markup.

20. Start A Podcast

A podcast is an audio programme, similar to Talk Radio, but customers have to subscribe to it on their smartphone, after which they can listen to it whenever they like. Essentially, it is just like an audio version of YouTube. So if you want to operate a podcast business, your work is to create audio content. The best part of this business is that the content is easy to create since you don’t have to bother about your attitude on camera.

To become a podcaster, all you have to do is sign up on any legit podcasting platform and follow the steps listed below:

Steps to start a podcast
Identify a podcast theme.
Decide on a format.
Create your podcast brand.
Choose your podcasting equipment.
Get recording software.
Outline your first episode.
Record your podcast.
Record an intro and outro.

Podcasts with a considerable listener base will get paid for ad space. The amount of money a podcaster can charge for clients for just an ad can run into millions depending on the total number of listeners they have.

21. Establish Yourself as a Social Media Influencer

It is no news that different social media platforms pay their influencers depending on how many views their content can gather. Recently, X (formerly Twitter) paid its influencers hundreds of thousands of Nigerian Naira just for providing content. This can be you if you are serious enough to grow and establish your presence online.

You can easily boost your influence if you are competent at communicating with your audience on social media. If you can grow your social media page and become an influencer, you’d be surprised how much it can fetch you.

22. Create a WhatsApp TV

WhatsApp TV is now extremely common in Nigeria today because people have realized how profitable it can be. In the past, nobody ever imagined that anyone could make a lot of cash via WhatsApp status, but now, it is one of the easiest ways to get a passive income.

You start your WhatsApp TV business by increasing your contact list and then posting memes and funny videos to entertain your thousands of viewers. You can also host giveaways to entertain your viewers. Once you have gathered a solid and loyal fan base on WhatsApp, then you can start advertising different products for brands for a token.

9 Steps to Start an Online Business in Nigeria

As stated earlier, online businesses are one of the most profitable out there, however, some of them can be capital-intensive. If you plan to run an online business successfully, here’s a blueprint:

1. Draw Your Business Plan

Similar to any other business, you have to draw up a business plan if you want to start any online business. Your business plan will primarily serve as a road map that will guide all your operations from setting up the business to its day-to-day operations. If you don’t map out your goals you can easily deviate from your original plan by following side distractions.

A good business plan will give you a clear picture of what business you are going into and the clear goals you’ve set for the business. Ensure that you keep this in mind when drawing up your business plan.

2. Register Your Online Business In Nigeria With the Appropriate Body (Corporate Affairs Commission)

The Corporate Affairs Commission (CAC) is an independent establishment declared in 1990. This establishment was set to help monitor and adjust the invention and administration of businesses and corporations in Nigeria. Hence, before you can establish your business, you must register it with the Corporate Affairs Commission.

When you register your company or business with the CAC, you’ll be able to open a business account that is entitled to your business proceeds. Your business will also be able to receive other legal papers that are crucial to help you operate it.

For a start, new online business owners will need to find a unique name for their business in order to avoid mix-ups. The only way to see whether the business name you chose has already been used in the market or not is by executing a name search on the Corporate Affairs Commission (CAC) website.

Once you check your business’s name availability and confirm that it has not been used by any other person, you can move on to the next steps. The next steps in registering your business include:

Reservation of the name
Pre-incorporation
Post-incorporation

You can get more details on how to register your name with the Corporate Affairs Commission on their website. We’ve provided a link to the website above.

3. Identify Your Potential Products

You’ve likely thought of the products you would like to sell while thinking of starting your online business, which is good. However, it’s also important for your chosen products to be sellable and in high demand in the market.

By performing extensive market research, you will be able to develop the top 5 products that will be profitable enough to sell in your online store. Ensure that you consider your environment and people’s needs.

Here are some reasonable questions you can ask yourself when choosing the final product to sell in your store:

Are there many Nigerians purchasing this product?
How many adverts can you find about the product?
Are there high demands of the products in popular online stores in Nigeria like Jumia?
What problem can your product solve? And why would people be interested in purchasing it?

4. Find a trustworthy supplier for your online business products in Nigeria.

Once you select your ideal and potential product for your online store, it’s time to look for trustworthy wholesale suppliers for the business. This is one aspect that will stress you the most as a reliable supplier is not easy to come by. It requires you to do good research and have a lot of patience.

For a start, you can reach out to people who sell similar products and ask for their supplier’s contact. Google can also come in handy in searching for suppliers, however, you have to be careful so that you don’t get scammed.

Some of the most prominent suppliers you can depend on for quality products include Alibaba, IndiaMart, Salehoo, Aliexpress, DHgate, Shien and many others. You want to use a supplier who will provide you with quality products at the best rates. If you decide to use any of these websites, make sure that you check previous buyers’ reviews and ratings, the shipping and returns costs, as well as their purchase policies.

5. Set up your website

A website which will serve as an online store for your business so it is very important for you to have one, especially if you want to start an eCommerce business. Essentially, your website will serve as a place where customers can easily visit to carry out different transactions with your business at their convenience. So distance would not be a barrier since all they need is a smartphone and internet connection.

Setting up a standard website is more or less like leasing a physical shop. However, the cost of setting up a website now differs depending on the kind of online business you want to operate.

The quality of your website’s service and hosting costs also play a major role. Although there are cheap websites, it is not suitable for a business as complicated as e-commerce. Presently, the cost of developing an eCommerce website in Nigeria is between N150,000 and N220,000. However, if you just want a normal website, you will spend less than N100,000.

6. Choose your payment gateway

Ever since the Covid pandemic in 2020, the Nigerian economy has been gliding towards a cashless culture like most countries in the world. Currently, many Nigerians prefer to pay for things with their debit card, rather than with cash. For this reason, it would be reasonable for anyone who wants to sell products online to always integrate a payment gateway into their online store.

For this reason, you have to find out the different payment gateways that are readily available in Nigeria that you can easily integrate into your eCommerce store.

Online payment gateway is a very crucial thing you must consider, especially when you are starting an eCommerce business. You need to set up an easy, reliable, safe and secure payment gateway for your customers to be able to pay for products or services directly on your website.

Here are some of the legit and prominent online payment gateways in Nigeria, which are suitable for eCommerce businesses:

Paystack
Vogue Pay
GTPay
Flutterwave
Interswitch Webpay
Cashenvoy
Paypal
Amplify
2Checkout
Remita
PayU

You can begin your journey by researching each of the payment gateways cited above, comparing their perks and prices, and selecting the right one that fits your needs and overall business structure.

Nonetheless, it is still recommended for you to apply both online (payment gateways) and offline payment methods for your e-business as some customers still prefer paying money on delivery.

7. Set up the means of Delivery

You need to deliberately plan how to run your delivery service while considering different shipping alternatives for your customers. When it comes to delivery, you have two options:

To create and supervise your own in-house delivery service, which will be strictly for your business
To outsource delivery to a third-party logistics

Choosing the best one for your online business will depend on some factors. For instance, if you run within a restricted geographical location with a narrowly focused target audience, organizing an in-house delivery service can profit your business. This is because it can be very cost-effective and enables you to have quality supervision over the entire delivery experience.

Also, in-house Delivery can decrease communication barriers with your different customers. By training your delivery staff well, you’ll be able to communicate with your customers and answer their questions or queries directly. Likewise, you’ll be able to receive their feedback and reviews on your products or services and make things better along the way.

However, if your target audience is spread across Nigeria and not narrowed down to specific people, then you need to outsource your delivery.

There are still some things you need to keep in mind. Developing and supervising an in-house delivery system certainly demands lots of money and expertise. You need to invest in quality delivery carriers, staff, constant gas, storage & transportation, as well as packaging (preferably environmentally friendly). Also, you need to compare and select a dependable payment gateway and a sound-tracking system that’s suitable for your business.

If you decide to outsource your delivery, here are a few legitimate logistics services you can find in Nigeria:

FedEx Nigeria
GIG Logistics
DHL
AGS Movers Lagos
Courier Plus Services Limited

8. Open a Bank Account for your Business

It is not uncommon to see people use their personal accounts to receive their business proceeds. However, this is unprofessional and can muddle up their finances.

The fact is, to do very well in business, you don’t have to mix up your business money with the money for your personal goals. Instead, you place yourself on a specific salary from your business revenue and reinvest other earnings to expand the business.

To open a bank account for your business, visit any commercial bank near you and start the process. They’d need a few documents. To open a corporate bank account in any Nigerian commercial bank, you will need these details:

A valid Business Name Registration certificate
Tax Identification Number (TIN)
Certificate of Incorporation
Memorandum and Articles of Association
Names, addresses, and valid identification of all directors and signatories
Utility bill of your address
Passport photographs of all the directors and signatories

9. Promote Your Business

Promotion is very crucial if you want to start an eCommerce business. If you want your business to succeed, you must embark on a very serious online advertising campaign on every available Social Media channel to fetch you a lot of customers.

There are different ways you can do this. You can do it through sponsored posts or just run ads on any social media platform like Facebook and Instagram. You can run sponsored ads through a prominent social media influencer, however, you may need to pay a lot of money for it. Google product ads are also great for your advertising or brand promotion campaign.

10. Develop an effective marketing plan for your online business in Nigeria

When everything else is set, marketing and promoting your website over the long run remains another important aspect in starting your online e-commerce shop in Nigeria. With the active promotion at regular intervals, more buyers will visit your website and start discovering your brand.

Start by developing a strategic marketing and long-term promotion plan, determine your target audience, implement it and most importantly, assess the whole process.

How Much Money Can I Make From an Online Business?

There’s no specific limit to how much you can earn from any online business you start. Your earnings primarily depend on your skills and relentless consistency. If you can build your business well, it should start fetching you millions in a few years.

Is There Any Online Business That Pays Daily?

Yes, there are some online businesses that can pay you daily. The online businesses that can pay you daily in Nigeria are blogging, affiliate marketing, forex trading, social media influencer marketing freelancing, just to mention a few. There’s also e-commerce, which is very lucrative but capital-intensive.

What is the Most Paid Online Business?

According to reviews online, here is a list of the top 8 most profitable online businesses in no particular order:

Website design and development
E-commerce Store
Freelance writing
Blogging
Online training and courses
Virtual Assistant
Digital marketing agency
Software and App Development

Final Thoughts

In the present digital age where everyone is embracing technology, online business has been recognized as one of the most profitable for anyone in the world. Fortunately, Nigeria also offers its citizens several opportunities to make money online, however, the only difficulty is identifying genuine and authentic internet businesses in order to save time and money. Above, we’ve provided you with the best online businesses in Nigeria that can fetch you a lot of money over time. As long as you are skilled and consistent, online businesses will surely fetch you a lot of money.