Now, let's get something right
When I say "easiest" as seen in the subject line, I do not mean easy.
I am only using the word as a way of comparison to other ways of making money online.
So, with that being said:
Last year, one of my old friends came to me because he was looking for a way to make more money.
He came to me because he read one of my books.
So, based on what I know, I told him the 2 easiest ways for a Nigerian to start making money online as quickly as possible are:
(1) Online Freelancing (aka doing online jobs)
(2) Affiliate Marketing
Let me explain why:
If you are a broke person or someone with very little money to spare, then the way to go to start earning some money as quickly as possible is by doing online jobs.
This is also known as online freelancing.
What you are doing here is to help businesses and individuals so some online jobs like writing articles, transcribing, graphic design etc and getting paid.
With this, a broke person can start making $250, $400 etc a month very fast.
$250 now is about N100,000.
And all they need is a computer and internet connection.
Highly recommended for students, youth corpers and people who don't have a lot of startup capital.
I know it works because I can confidently point to at least 100 people who started this way and are now big boys.
One of them is this ex-factory worker who now makes at least $1000 monthly part time as an online freelancer.
By the way, I should also let you know that online freelancing is a bit competitive because anyone can join
The thing about online freelancing though is that your time is directly involved
This means you only get paid when you do jobs
No jobs, no money
And it has a ceiling on how much you can earn
It is very difficult to find online freelancers making more than $1500 a month
On the other hand, affiliate marketing is BIG and is more of a business than freelancing which is about jobs.
Affiliate marketing is selling other people’s products and services for a percentage of the sales.
So, each time someone buys a product that you recommend, you get paid a commission
With a well setup affiliate marketing system, you still have to work but you can make money while
you sleep and you can make far more money than online freelancing
You don't really have to look far to see affiliates making $5,000 a month
And there are super affiliate marketers making as much as $2m a year online
You can literally become an affiliate for a HOST of things – digital products, physical products, offline services, personalized solutions, software, etc.
I prefer digital products though.
The main skills required to become successful with affiliate marketing are traffic generation and marketing the products
It also requires some startup capital if you want to take it seriously which is what I expect of you
With affiliate marketing...you will need funds for things like:
- Domain ($10 a year)
- Hosting ($60 a year) - can be paid monthly
- Autoresponder (From $19 a month)
- Tracker (optional)
- Traffic (Depends)
The cost of domain, hosting and autoresponder can be lower or higher though depending on where you are buying from and the quantity.
Here are my recommendations:
So the average Entrepreneuer spends at least $50 on Autoresponder services per month. The bigger your subscriber list the higher you pay.
Mind you, that $50 is different from your web hosting fees per month o.
What Hulk Messenger allows you do is host your email marketing software and your website on the same vps hosting server.
You only purchase the software once and that's it.
All you do subsequently is pay for your web hosting monthly or yearly and no matter how big your subscriber list grows, you don't get to pay any extra monthly fees for your email marking application.
I spend less than N4,000 naira monthly to run my online business (Web hosting and Email marketing) .
If this is something you are interested in, you can download this free guide that explains step by step where to start from.
For traffic, how much you will spend depends on how big you want to go
The reason why affiliate marketing comes ahead of models like information marketing or ecommerce is that with affiliate marketing, you don't have to do anything about the product sourcing, creation or handling.
That is like 50% of your work done for you.
You only have to focus on marketing the products and getting your commissions
By the way, if you are just starting, you can make use of certain free traffic strategies to get rolling.
You can effectively promote your affiliate links and get start making money via:
- Facebook groups
Eventually, most people who start with online freelancing move on to other business models like affiliate marketing where they are able to make more money and have a lot of time to enjoy