The keywords How to make money online must rank high on search engines. Why not! Online business ideas have dynamically changed the economic space in the last 20years. It has also served as a great side hustle for young people.
Thousands of people yearly launch new companies and startups; unlike you, most do not have the expertise to carry out tech-related services by themselves. The need for skilled people in ICT dependent businesses grows exponentially as more companies seek better technology to run their processes.
It’s likely you’re still reading this post because you are interested in ICT online business ideas available. Smart move!
With strategic positioning, you could develop an online business that helps agencies, individuals, and businesses. The question, however, is that do you have those skills required by these companies and industries? Does every ICT business skill need to be learned? Everything comes down to developing yourself skillfully and professionally to meet the demands of these agencies and businesses.
If you remain on this article, you will learn the different opportunities available to you in the ICT industry, depending on your skills. Moreover, you would understand what business idea is more profitable and suitable to you.
Information Communication Technologies (ICT) has come to stay. A while ago, people shied away from starting businesses primarily because of the cost involved in creating the company. But with the global pandemic, companies and individuals began to opt for enabling ways for people to work more remotely from the comfort of their couches. As a result, many people have realized the enormous job opportunity from working online with little or no investment.
All you need to set up your ICT-enabled online business idea is your smartphone or computer and an internet connection. You’ll also need to have some professional skills like the ability to negotiate and own a bank account for receiving your cash. If you are ready to run your own business, you can consider any of these business ideas.
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1. eCommerce
Now online shops and marketplaces behave like regular physical stores. You can effectively carry out your typical buying and selling without facing any hitches. The eCommerce business is one of the ICT-enabled businesses that has come to stay. There’s no going back. The positive spin to this business idea is that it has a massive market with over 1.92 billion people purchasing things online. You only need to find a niche you are comfortable with and then begin to sell. There are numerous high profitable niches you can focus on to succeed as an eCommerce business owner. Firstly, you have to set up your website, list your products and begin to sell.
Here is a list of niches you could go for in eCommerce businesses
- Beauty and health products
- Smartwatches
- Smart home products
- Selling Ebooks
- Educational courses
- Kids toys and Games
- Selling Second Hand Products
However, you are free to explore more niches to build your business idea and decision.
2. Digital Marketing
Because the world is shifting toward a digital age has brought its excellent benefits, and every other sector is following suit. Since buying goods and services has gone digital, the job of a digital manager is to produce the best results. The goal of any marketing strategy is to inform people and make them purchase goods and services online.
Beginning a career in digital marketing is highly rewarding because more companies are manufacturing products they need to sell. There are free materials and resources available to you if you want to begin and career in digital marketing. First, however, you will need to build your skill and knowledge of the basics of digital marketing.
You need to be familiar with concepts like advertising, Search Engine Optimization, email marketing and automation, social media marketing, analytics, call to action, and landing pages. In addition, as more startups are upcoming, many of these organizations will require the assistance of skilled digital marketers.
Learn how you can start your digital marketing company here.
3. Professional Blogging
Can you write engaging content and tell emotional stories? Then blogging is a great place to start. Usually, many people believe writing is complex and belongs to ‘elect’ people. But believe it or not, anyone can write if they devote enough time to learn. You can explore different niches in blogging following effective strategies that ensure a constant cash flow. In addition, there are effective ways through which you can monetize your blog content. You can monetize your blog content by using affiliate marketing, website flipping, and writing reviews for people. You could also monetize your content through google AdSense, sell sponsored blog posts, create content for a restricted audience, and many more. There is a well of opportunity in this industry if you know how to strategize and win.
4. Manage Social Media Profiles
As the daily struggle continues, some high-profile people and business organizations do not have time for social media. Most of these people and brands require the services of a social media manager to build engagement with their audience. They rely on a professional who would post valuable content on their pages, reply to their important DMs and engage with their communities.
Before now, you might have overlooked this business idea, but the truth remains that it is highly lucrative. ICT has permeated this business, and you can work from the comfort of your home, even at your own pace. You can create a social media calendar to get started. There are also free courses on social media marketing you can look for to build and develop your skill.
5. Online Teaching
Many people want to learn both soft and hard skills to be eligible for business opportunities. If you are great at something and feel you are a pretty good teacher, you should try this idea. Many people use ICT today to host their courses online to help people who are struggling with these areas to find solutions. You can create short videos on topics you are proficient in and upload them online through great platforms like Udemy, Skillshare, Teachable, and your website. You get paid per student that enrols in your course.
6. Forex & Crypto Trading
The exchange market is one of the hottest businesses online. The thing is that you can merge this business with others and not feel overwhelmed. There is no business online that pays as fast and much as Forex or cryptocurrency. Many people are making earning thousands of dollars consistently as they trade currencies online. Although there are risks involved, pessimists are advised not to venture into the business. To begin this business, you have to learn the art of patience and discipline until you are confident enough to take significant steps.
7. Affiliate Marketing
Do you believe you could make money while sleeping? Affiliate marketing guarantees that. In simple terms, affiliate marketing refers to the commission you get when an online store generates sales from your referrals. You only can get a referral commission for every time someone buys after clicking your link.
A great example of affiliate marketing would be when you refer your friend to use a product you got from a store, and you get some discount or a gift card. Brands using this approach include Piggyvest, Cowrywise, Kuda microfinance bank, and many other financial institutions that help you save and invest cash.
Similarly, many products and services online have affiliate programs that you can join to earn cool cash. These programs are available for every niche. You can never go wrong in affiliate marketing.
8. Freelance Content Writing
The business is similar to blogging, but it is different. The rise in freelance writing has increased recently as many people want to write their books and articles. You can opt to be a freelance writer for individuals, brands, and organizations. There are many freelance sites you could leverage to find clients you could offer writing services. Most of these writers are willing to pay well. If your content is good enough, you can break the bank, earning lots of cash writing online for people.
9. Freelance Copywriter
Can you craft emotional and persuasive content that draws people’s attention and makes them buy products and services? If you are natural at writing compelling marketing copies, you can establish yourself as a freelance copywriter. Since more companies manufacture new products and services every day, a copywriter will hardly run out of jobs. For example, these agencies would require your skills for writing web content, press releases, blogs, about pages, UI/UX copywriting, email copies, and many more. Many companies online will pay for your services. You can boost your value by learning and grounding yourself in SEO and keywords research to target your customers online. If you establish an extensive network, you could get referrals from clients that will land you more high-paying jobs.
10. DropShipping
Dropshipping is perhaps the most lucrative of these online business ideas. You don’t need to have a stash of capital stored somewhere to begin this business. It allows you the freedom to start at a low cost and make it big in the industry.
Additionally, you’d need a laptop or smartphone, with access to the internet connection, and an online store. The online store doesn’t need to be a website; you could use digital tools like your social media, including Facebook, Instagram, Snapchat, and Twitter.
When you identify the need people are experiencing at a particular moment, you can source these items on trusted sites and supply them to your audience. As a result, you have the potentials to generate millions of naira in the dropshipping business in Nigeria.
In conclusion, as Information technology continues to be a transformative sector in the socio-economic development of Nigeria, it would be profitable if you can devote time to effectively master a skill that provides multiple streams of income for you. You can find free courses online to develop yourself professionally as you apply for these opportunities. If these online business ideas seem challenging, try any of these offline Ideas.
