A side hustle is a way to make money outside of your normal 8 or 9 to 5 job. It allows you to make more money that’ll give you the freedom to pursue your passions, buy things you need or want, and lower any financial worries.
You would agree that, most 9 to 5 jobs don’t pay the bills. Especially if you’re just starting out in your career.
When you analyse your income and attendant expenses, such as rent, feeding, transportation, etc. you might realize that after your bills are paid you barely have anything leftover. What a realty!
Hence, side hustles come in handy to help you earn an extra income. It could be something that can either help you make more money today, tomorrow or for years from now.
Let’s look into a few collection of our proven and lucrative side hustle ideas that’ll help you make more money.
#1. Start Blogging
Blogging is always sited as one of most lucrative work for home jobs in Nigeria. Starting your own blog is also one of the most popular ways to make money online.
You can start your blog around just about any topic that you’re passionate about, but you may want to consider choosing a profitable niche market if you intend to make money with your blog.
So, if you are interested in learning how to create a profitable blogging platform that can help you earn N250,000 to N2.5million+ per Month, working part-time from home, you will find this link useful. You would even find real results on that link validating that the figures you can earn are very much possible.
#2. Be Part of the Gig Economy (Freelancing)
You might choose to take up side gigs. These could be gigs that you create on Fiverr or the occasional freelance project on Upwork. Just about any skill that another business needs can be done on a freelance basis.
The benefit to freelancing is that you can take a skill you already have and turn it into a business.
All you need is a computer with an Internet connection and the desire to build a respectable clientele. Chances are that these opportunities will allow you to gain valuable experience and skills that will prove valuable in your existing business and professional career.
The type of projects you work on could vary drastically. But if you love variety and switching things up, this side hustle could be perfect for you.
You could make N500,000 and above monthly as a freelancer working from your bedroom.
The world is now a global and there are lots of jobs you can perform remotely for people all over the world.
Making even more than N1,000,000 is very much possible as there are already fellow Nigerians who have made thousands of dollars freelancing. Here are some profiles on Upwork and their earnings are displayed there for all to see.
They don’t have two heads. If you want to learn how to become a successful freelancer and earn at least N500k per month, you need a proven guide to get started. You can click here to know more. Many successful freelancers started there.
Although freelancing is not really a passive income stream, doing freelance work is one of the fastest ways to generate income.
#3. Amazon Kindle Publishing
This one is a real passive income stream highly recommended to be taken advantage of. With this, you create a powerful passive income machine that pays you royalties for life.
A lot of people either don’t know, or simply ignore this amazing opportunity; and it is something so powerful yet so easy. Click here to learn how to make $500 – $5,000 monthly in completely passive income uploading 25-30 page word documents to popular online bookstores.
The mind-blowing thing Is: you don’t have to create the document yourself or even have to know who wrote the document by name.
#4. eCommerce Business
Millions of naira are spent buying stuffs online and you can cash in on this. There are tons of products you can import for dirt-cheap prices and resell for huge profits right here in Nigeria.
We have made some posts of recent even sharing some case-studies. The profit potentials in this business is mind blowing, and yet requires very little capital to start.
The main issue for any beginner is that knowing where to start, what products to purchase or where to sell them, etc. And that is why we have a comprehensive training for you, teaching you from A-Z, everything you need to be successful in the eCommerce business. You can find it here.
#5. Car Importation
If you want to succeed in the automobile business, the secret is to know where to get cars at good prices and also know how to ship quickly.
You can import with your funds or you can import for others as a business. There are many people already doing this. And you can do this too, in your location. Here is a guide on how to import cars below dealer price.
#6. Exportation Business
You can start export business. Every year, Nigerian exporters make millions of naira exporting products such as: Wood, Plantain, Cocoa, Shea butter, Sesame seeds, Cassava, Tiger-nut, Rubber and much more.
If you are looking to take advantage of the high exchange rate of dollar to naira as well as, a better alternative source of income, you can consider exportation business. You can learn how to execute your first export contract within the next 27 days here.
#7. Sell Information Products
Everyone is finding out the proper information to resolve issues. And if you’ve got that proper information for finding solution to different peoples’ issues, they’re willing and prepared to pay for them. This business niche which has come to be known as information marketing came about this way.
Are there topics that are really popular right now that you know a lot about? Did you find a popular topic that there isn’t enough information about? You can monetize these opportunities by creating content around it.
You can get guidance here on how to do it properly, if you are just starting out or been into it but not getting the desired results.
People are devouring information online, and if you can package and sell it online, you can earn N500k or more per month doing this.
#8. Coaching and Consulting
This is closely related to the preceding point. If you’re already making money selling information online via kindle books, or your own information products as mentioned above, then you definitely have the opportunity to add coaching and consulting online as a source of revenue.
This isn’t nearly as scary is it sounds if you’ve never done it before. Most people who are buying from you would love the opportunity to speak with you to answer specific questions and get personalized advice.
With tools like Skype, video conferencing, and webinar technology you can offer one-on-one calls, group coaching calls, and small mastermind meetings. With the low cost of communication and technology, you can connect with anyone around the world.
A simple ebook sale can lead to a high-end client who wants to pay to work with you one-on-one. Offering coaching and consulting is one of the highest priced methods of generating income.
Much in the same way freelancers sell their skills, coaches and consultants can sell their expertise and knowledge. More and more people are hiring coaches and consultants to help them achieve their goals easier and faster.
You don’t necessarily need training or a certification, but it can be helpful in generating credibility. If you are ready to turn your passions into profits and start your own personal coaching business but not sure where to get started, you will find this personal coaching business training useful. Watch the video to get an head-start.
#9. Affiliate Marketing
Even if you don’t have your own products or services to sell, affiliate marketing gives you a chance to earn strong commissions through a series of one-time sales (or ongoing monthly sales).
Another great thing about affiliate marketing is you don’t have to provide any customer support, and you may not have to create your own marketing materials.
All you have to do is pick a profitable market, promote the products as an affiliate and earn a commission anytime a sale is made.
Affiliate marketing is one of the fastest and easiest ways to make money online. And here is a shortcut guide to get started and earn consistent 3-4 figure daily income in dollars.
Affiliate marketing is widely known as the simplest and fastest business that anyone can start online, and one of the reasons is that you only need to spend a few hours on it per week.
#10. Forex and Cryptocurrency Trading
A lot of people seemed to be scared of this particular income model because of its nature. However, if you have a tested and proven strategy and guide (like we do), you will succeed more and your results will trash out the fears.
We have a system in place to help you earn at least 25% profits per month trading in the foreign exchange and cryptocurrency markets. See proofs and how to get started here.
This list is still subject to more additions but you can start with what you have here which we already have results validating their profit potentials. You can bookmark this page and our special resource page to see more.
A side hustle is your best opportunity to live life on your own terms. And with some more money in your pocket, there’s nothing stopping you from making your dreams come true.
Your side hustle can help you make some extra money each month. It can also help you develop new skills, build your personal brand or portfolio and help you achieve more freedom.
So, have fun with it! Take a risk by starting a business or pursue a new hobby you’ve always been curious about.
Please note, that while these side hustle options are viable ways to earn an extra income, they’re not automatic. Like all home business ideas, success online requires making a choice that you can stick with, researching, planning, and executing your plan.