Top 10 Best Side Hustles In Nigeria 2024
In the modern world, side hustles are a fantastic method for Nigerians to supplement their regular income. This could be due to a number of factors, such as rising living costs, a desire to save more money, or the goal of eventually becoming financially independent. Nigerians are using side gigs to augment their income in greater and greater numbers.
Thankfully, Nigeria offers a wide variety of side jobs, from selling tangible goods to freelancing online. This post will discuss the top ten side gigs in Nigeria and the advantages of earning a BBA or MBA to broaden one’s skill set.
Top 10 Best Side Hustles in Nigeria
1. Freelance Writing
If you have the writing bug, freelancing is a fantastic way to earn money online. You can locate freelance writing jobs at a variety of venues and work for clients both locally and globally. Additionally, a broad career allows you to work in a variety of industries, such as business, marketing, academics, STEM, and more.
The earning potential for a content writer in Nigeria is virtually limitless, with an average annual salary of ₦827,473.
2. Social Media Marketing
Since many companies wish to increase their internet presence, social media marketing is another well-liked side gig. Managing, approving, and posting material for a brand’s social media accounts falls within the purview of a social media manager. Additionally, they interact with their viewers and foster community development. If you possess expertise in social media marketing, you might pitch your services to businesses trying to boost their social media presence.
An average social media manager makes ₦705,485 annually.
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3. Online Tutoring
One flexible side business that’s a terrific way to make additional money from wherever is online tutoring. From math to English, you may teach a wide range of courses, and there are lots of online tutoring resources to help you locate students. This side business is ideal for you if you have a talent for imparting knowledge in a way that is interesting and simple to understand.
An average annual salary for online tutors is ₦958,647. Because of this, it’s a lucrative side gig.
4. Graphic Design
If you have a talent for graphic design, you can offer your services to businesses and individuals looking for logos, business cards, flyers, and other graphic design projects. Though the requisite skills can be challenging for some, it is still one of the easiest and quickest to start. Because of this, freelancing as a graphic designer is a popular choice.
They earn an average of ₦698,840 per year in Nigeria.
5. Event Planning
Event planning is a lucrative side hustle in Nigeria, as many events and celebrations take place throughout the year. As an event planner, you help your clients run and manage their events for them. This way, they can focus on relaxing and enjoying themselves while a professional handles all the work. If you have a talent for organizing events, you can offer your services to individuals and businesses looking to plan weddings, parties, and other events.
Event planners can earn an average of ₦1,200,000. making this one of the highest-paying jobs in Nigeria.
6. Personal Shopping
If you love shopping, then this might be for you. Personal shopping is a side hustle that involves shopping for other people. As a personal shopper, you go out and buy stuff for your clients discreetly and earn extra money for it. You can offer your services to busy people who don’t have the time to shop for themselves and earn a commission on each purchase. In return, you get to shop at places you might not regularly go and discover cool new stuff along the way.
Personal shoppers can earn an average of ₦971,715 per year.
7. Photography
Photography is a profitable side hustle in Nigeria for those who enjoy taking photos. You can offer your services for events such as weddings, birthdays, and other celebrations, as well as sell your photos online. If you are skilled and experienced enough, you can even offer to teach aspiring photographers. While gear and equipment can be a real money-sinker, you can start with pretty much just a camera and lens.
Photographers earn an average of up to ₦1,850,000 per year.
8. Blogging
Blogging is a popular, high-paying side hustle in Nigeria, especially for those who enjoy writing about their passions. In a nutshell, blogging is publishing written content regularly. This is, by far, one of the easiest to start. You only need a laptop, an internet connection, and your writing skills and then suddenly you have an online business able to make extra money. You can earn money through affiliate marketing, sponsored posts, and advertising.
On average, a blogger earns an average of ₦659,994 a year. But it’s a lot harder to pin down how much a blogger typically earns on average, as rates do differ.
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9. Own an Online Store
If you have a talent for making or sourcing unique products, you can start an online store and sell your products to customers in Nigeria and beyond. The key is understanding your market’s needs, great timing, and a lot of guts. This one is relatively easy to start, as anyone can start their store right in their bedroom. You don’t necessarily have to keep inventory through dropshipping.
Online store owners earn as much as ₦1,000,000 on average per year.
10. Ride-Sharing
Ride-sharing is a great side hustle in Nigeria, especially in urban areas. You can sign up with platforms such as Uber and Bolt and earn money by driving passengers to their destinations. If you love to drive around the city and you don’t mind picking up and dropping people around, this is a great way to earn extra income.
On average, a ride-share driver can earn ₦101,000 per year.
How To Get Side Hustles Up And Running
Starting your side hustle can be daunting, especially for newbies. You can expect to work extra hours while also running the whole operation yourself. Here are 3 tips to make starting a side hustle as easy as possible.
Start with your skills
- Most often than not, everyone has a skill that can be monetized. This can be because of a hobby that you have, a previous part-time job, or simply a skill you learned growing up. Start by listing all of the skills that you know. Make it as exhaustive as possible. After that, carefully read through them again, but this time pick out the skills that you like doing, are good at, and could find a market for. Say you’re good at making digital art; you can easily turn this into a graphic design side hustle. Or if you are good at finding the best deals on airline tickets, you can make this into a little travel booking business.
Set realistic boundaries and actionable goals
- The next step is to slowly materialize your side hustle idea by giving it clear boundaries and goals. Lofty goals are great, but they are sometimes vague and unattainable, which can make it hard for your business to get off the ground. Start with smaller, actionable goals that are challenging yet doable. These must be big enough to be considered a major milestone, yet not so big that it seems impossible. This can be “X amount of clients by the end of the year” or even “Make my first $100,000 in 5 months.”.
Market yourself through Social Media
- In this day and age, social media is the best method to advertise your side hustle. People use them regularly, and they are often the preferred method for consuming media. This means potential clients, or customers, for your business. Start by reaching out to your current network of friends and anyone else who would be interested. Make a separate business page for your side hustle and start connecting with people. do this regularly without being too salesy. If you are consistent, sooner or later, your audience will grow.
Types Of Side Hustles In Nigeria
Product
- Selling a product involves exchanging a physical or digital item for money. The product can be anything from a physical item like clothing or electronics to digital products like software or e-books. To sell a product successfully, the seller must focus on product quality, marketing, and pricing. The key difference between selling a product and offering a service is that the former involves exchanging a tangible item for money. In contrast, the latter involves providing a skill or labor in exchange for payment.
Service
- Offering a service involves providing a skill or labor in exchange for payment. Services can range from professional services like legal or accounting work to personal services like cleaning or pet sitting. Unlike selling a product, the success of offering a service is based on the quality of the service provided, customer satisfaction, and reputation. One of the key differences between offering a service and selling a product is that the former involves providing an intangible offering, while the latter involves selling a physical or digital item. Additionally, offering a service typically involves a higher degree of personal interaction and relationship-building with clients.
Why Is It Beneficial To Gain An BBA/MBA Degree
Develop critical thinking and leadership skills
- Getting a BBA or MBA degree helps you develop the necessary soft skills that are in demand in today’s job market. These programs challenge students to be strategic, effective communicators, and conscious decision-makers based on data and analysis—some of the high-income skills in Nigeria. Students also get to learn leadership skills as they are expected to work in groups. These soft skills are highly valued in the job market; they offer a road to career advancement. This leads to more opportunities and a potentially higher income.
Gain a competitive edge in the job market
- Employers are always looking for talents with good credentials and skills. A BBA degree, or even an MBA, for that matter, is a great way to make your resume more noticeable. It tells potential employers that you have the right skills for the job. They will also help you grow your professional connections through alumni associations, etc.
Expand your earning potential
- Another advantage of a BBA or MBA degree is the possibility of increasing your earning potential over time. You can leverage this when negotiating for a raise in pay if you are employed. Programs like MBAs also teach you skills in entrepreneurship and innovation to help you get your business ideas off the ground. By investing in your education now, you can market yourself as a highly valuable professional or a business-savvy entrepreneur in the future.
Conclusion
You may easily start a profitable side business thanks to the internet. Numerous opportunities to improve one’s earning potential have been made possible by technology.
To begin making money, all you need is a brilliant idea, a laptop, and an internet connection. However, as with anything, it takes commitment, tenacity, thorough research, and a great deal of courage.
Thankfully, there are lots of things you can do to ease the process of starting a side business.
Developing the abilities you need to manage your small business is one of the best approaches.
Regardless of where you live, enrolling in an online BBA or MBA program in Nigeria is a surefire way to do this. These degrees will benefit you by equipping you with the necessary soft skills to manage your company. Your ability to make wise business judgments and raise your prospective revenue will both benefit from this.
With the help of our free report, learn how to develop the most in-demand abilities and pave the way for the success of your side hustle business!