How to Make Money on Social Media in Nigeria (2023)

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Are you a student in Nigeria or someone who’s not in school and wants to learn how to make money on social media in Nigeria? Keep reading this article till the end. In this article, I’ll provide you with various ways to make money on social media in Nigeria.

Just so you know, many people are making money every day on platforms like Facebook, WhatsApp, Twitter, Instagram, and other social media and investment apps using methods you may not be aware of. So, make sure to read this article till the end. I will explain how you can begin earning your own.

Contents

1 Best Social Media for Making Money
2 How to Make Money on Social Media in Nigeria
3 Conclusion
- 3.1 Recommended

Best Social Media for Making Money

Every social media platform has the potential to help you make money. In reality, no particular platform pays more than the others because your earnings on social media depend entirely on the effort you invest. However, it’s easier to make money on certain platforms compared to others.

You can also decide to make money from the social media platform you’re most familiar with or the one where you have a larger following. For instance, if you have a Facebook page with thousands of engaged followers, you can make daily earnings in naira or dollars on Facebook.

How to Make Money on Social Media in Nigeria

Here are ways on how to make money in Nigeria online.

1. Dropshipping Business

This is one of the top ways to make money online in Nigeria, whether you’re a student or an adult. With the dropshipping business, your main task is to communicate and get paid in Nigeria. In case you’re unfamiliar with the term dropshipping or don’t know how to start this business, let me explain.

Dropshipping simply means selling products without physically possessing them. It involves connecting buyers and sellers together. So, in the dropshipping business, your role is to connect with suppliers of specific products and promote those products, convincing Nigerians to make purchases.

When an order is placed, you simply arrange for the product to be delivered directly to the customer. You earn your profit and pay the seller accordingly. You can start dropshipping to make money on WhatsApp, Facebook, Twitter, or Instagram. All you need to do is obtain pictures of these products and share them on social media with persuasive captions.

Since WhatsApp status is particularly helpful for this type of business, you can also showcase the product images on your WhatsApp status and earn money through it. The products you can sell in the dropshipping business in Nigeria include clothing, cars, electronics, and phones.

2. Sell your Products or Services

Here’s another great way to earn money online in Nigeria, whether you’re a student or an adult. You can make money on social media by selling your own products or services. To start earning from this method, all you need to do is choose the products you want to sell or the services you want to offer, promote them on social media, and earn money whenever people place orders through your posts or page.

As a student in Nigeria, there are various products you can begin selling online, such as phones, fashion items, furniture, and more. To succeed in making money on social media through buying and selling, here are a few key points to keep in mind. First, you should learn about hashtags and how to use them effectively in your relevant posts.

Hashtags help you gain visibility in the social media search engine. Secondly, ensure that the pictures you use to advertise your products or services are clear enough to attract potential customers. These two points are crucial if you genuinely want to make money on social media in Nigeria through this method.

3. Social Media Manager

Another great way to earn money on social media in Nigeria is by becoming a social media manager. As a social media manager, you can make money simply by getting paid to handle clients’ social media accounts.

The amount you can earn as a social media manager depends on the clients you work for and your negotiation skills. Your responsibilities as a social media manager vary based on your clients’ specific needs, but your main tasks involve increasing their follower count, sharing posts to boost engagement, and responding to direct messages (DMs).

By becoming a social media manager, you can earn between ₦100,000 and ₦250,000 on social media in Nigeria. However, as I mentioned earlier, your earning potential also relies on your negotiation skills and the clients you work with. Take a look at our guide on how to become a social media manager in Nigeria for more information.

4. Social Media Influencer

Becoming a social media influencer is one of the top ways to earn money on social media in Nigeria. If you have a talent for attracting a large following, discussing controversial topics, and generating good engagement, this opportunity might be suitable for you.

All you need to do is select the social media platform you want to use for social media influencing and start creating content. Instagram and Twitter are the best platforms to make money as a social media influencer in Nigeria, but you can focus on Instagram since influencers like Bobrisky and Ifedioku use it.

So, how exactly can you make money on social media as a social media influencer? Once you have built a substantial following on your social media accounts, you can get paid to run ads (advertisements) for individuals or companies. As a social media influencer, you have the potential to earn money by promoting almost anything, even something as simple as a beverage.

5. Buying and Selling Accounts or Pages

Another excellent method to make money on social media in Nigeria is by purchasing and selling social media pages or accounts. Just so you know, people buy and sell their pages for various reasons. In fact, some Nigerians purposely develop pages with the intention of selling them.

You can become a broker in this business. You have the option to buy a social media page and then sell it for a higher price. You can acquire Facebook pages with the intention of reselling them, or purchase Instagram or Twitter accounts to later resell them.

6. Affiliate Marketing

Affiliate Marketing presents another distinct method to earn money on social media in Nigeria. Through affiliate marketing, you can generate income from any social media platform by simply recommending products and services to your followers in exchange for a commission.

To start making money through affiliate marketing on social media, all you need to do is select a product you wish to promote, such as shoes, for instance, and market them online by sharing pictures. Each time your followers purchase the shoes through the provided links or with your reference, you will receive a commission.

You might initially consider the commission for selling a single product to be small, but it’s not. Imagine selling a large number of these shoes—that can translate into significant earnings. If you’re not adept at affiliate marketing, you can still make money on social media through digital marketing.

7. Drive Traffic to Blogs

Lastly, if you have a blog or YouTube channel that is monetized with Google AdSense or other types of ads, you can earn money on social media by directing traffic to your blog or channel. The amount you can make depends on the level of traffic. See how to make money from blogging in Nigeria.

If you have a substantial following, you can share the links to your blog or YouTube channel to boost your traffic, thereby increasing your earnings.

Conclusion

Making money on social media in Nigeria is a feasible task for anyone, but your daily earnings are determined by the effort you invest. Being lazy will not lead to immediate financial gains. The greatest advantage of making money on social media is the absence of office or time restrictions.

You can work from any location in Nigeria, Kenya, South Africa, Ghana, or anywhere else in the world. Simply choose one of the methods mentioned earlier and begin generating income as soon as possible.

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