A side hustle is a means of making extra money, that is done in addition to one’s main job.
Side hustles often involve unusual lines of work, such as taking on contract jobs or starting your own home-based business. In some cases, side hustles may be illegal. If you choose to engage in a side hustle that involves illegal activity, you could get into serious legal trouble and even go to jail if you’re caught.
Most times side hustles are considered small and often under-the-table businesses, usually with the main objective of generating extra income.
The term “side hustle” was first coined in the 1990s by author Robert Kiyosaki as a way to describe what he and his team were doing.
Side hustles are different from moonlighting because they are not intended as a primary source of income, even though they can produce more than one job’s worth of earnings on an annual basis for many people.
Side hustles are becoming more and more popular these days. The side hustle is a strategy to make money for various reasons such as making extra income or creating a new career. In this guide, we are considering some useful tips to start a side hustle in Nigeria.
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5 Reasons to start a side hustle
1. Many people living in Nigeria are not financially stable, this means that many Nigerians are looking for ways to earn money on the side.
2. Starting a side hustle can be a great way of learning new skills that can be used in your main career or business.
3. Starting a side hustle can help you gain more experience and knowledge about different fields, markets and industries.
4. Starting a side hustle gives you the opportunity to work on your own terms, meaning there is no need to ask permission from anyone else to start one if you have the idea for it.
5. It is an excellent way of increasing your income which means that it does not take much time for you to see real change in your finances.
Steps to Start a Side Hustle in Nigeria
Have you ever thought of starting a side hustle? Growing your business on the side while your main job brings in higher-income?
Many people have had this idea, but they are too afraid to take the leap. I’m here to tell you that it is possible. You just need to do some research on how to get started and then find the courage to take action.
1. Find Opportunities
First, identify your skill sets and find out if there is something that people need and will pay for
In order to start a side hustle in Nigeria, one needs to first identify a market that they have an interest in and can provide value.
The best way to find a potential side hustle is by doing research on a given industry. One can use Google Trends or Yahoo Research for this task. Another approach is using social media platforms such as Facebook groups, Linked In, or any other online forums with related topics for this purpose.
If the individual is not sure of what kind of side hustle they want to start, they can go with an idea where they have some expertise and knowledge. By going into detail on their skill set and interests, it will lead them to their side hustle after some time.
2. Create feasible plans and goals
It’s not an easy task to start a side hustle, but it is doable. You first need to identify the idea and niche you want to work with and then set some realistic and achievable goals.
You should know that many startups fail because they are not realistic with their goals so don’t make the same mistake.
There are many people who want to turn their side hustle into their full-time job; others turn it into a business and let it take off.
There has been an increase in the number of Nigerians who want to start their own hustles lately, but there is also a high failure rate because not enough research has been done into this topic.
If you want to start a side hustle in Nigeria, you must know the importance of having a working business plan. You can’t just start without any idea of what you are doing, or where you are going. This is not only true in Nigeria but all over the world. The right business plan will be your blueprint for success.
3. Get a 9-5 to fund your hustle
Find a job that pays well enough to cover your needs and save some money. You may not get rich from a side hustle but it does help to have a job that keeps you afloat financially so you don’t have to stress about bills.
4. Validate your Idea
In Nigeria, starting a side hustle can be a lucrative idea. According to a study in 2016, about 36% of Nigerian adults have an extra job, Which establishes the fact that there are a lot of people who want to make a living from a side hustle.
However, they don’t know what business idea to start with. The key is to start with testing the idea and seeing if it’s viable.
It is important for anyone who wants to start a side hustle in Nigeria to test out their idea first before committing time and resources into their business. This will ensure that whatever they’re doing is viable and will not fail when it starts up.
5. Connect to people in your social networks
Connecting with people in your social networks first will help you to generate more sales.
Social media has changed the way that people do business in today’s world. If you are not utilizing the power of social media to grow your business, you are missing out on a huge opportunity.
The best thing about social media is that it offers you the ability to reach out to large numbers of people in order to promote your business without having to spend any money on advertising or marketing.
And one of the best ways that you can leverage this opportunity is by pointing new customers towards those who have already purchased from you.
6. Automate your business
A lot of people want to start a side hustle but they don’t know where to start. In order to automate your business, you need to have a plan on what you want it to be.
Once you have an idea of what type of business you want, you can create a website or a landing page.
If you’re going the website route, there are some sites that will build your site for free, and then there are other options that will cost money.
7. Get an Assistant
Side hustles are great. They allow you to have a part-time job that does not feel like one, because it is flexible and entails doing something you love. But what happens when you have to leave your side hustle for a day or two?
You may start with hiring someone to help, but that can get expensive quickly. It is much better if you can hire an assistant who will work with you in the background and take care of all the tasks that need attending to while you are away.
An assistant will keep your website updated with fresh content, answer messages on your behalf, publish new projects on social media channels, manage your advertising campaign and make sure everything runs smoothly while you are away .
8. Start Lean, Start Now
Side hustles are work that you do in your spare time to generate extra income. The beauty of this type of work is that you can start with little or nothing to get it off the ground.
There are many ways to start a side hustle and it’s up to you to find one that fits your skills, interests, and schedule. Starting lean is good advice for any side hustle so don’t wait until everything is perfect before starting.
9. Set clear Boundaries
The key to making your side hustle successful is knowing when to stop.
The world of entrepreneurship can be overwhelming, especially when there are so many new tools for starting your own business. It can be hard to know what you need or where to start.
It’s important that you set boundaries for your side hustle so it doesn’t encroach into work hours or your personal life. One important thing you should do is block out time on the calendar for side hustle work each week so it doesn’t take over your schedule.
23 Lucrative Side Hustle Ideas to try
The most common side hustles in Nigeria are:
1. Start your own online store
The digital revolution has changed the way we shop. With the development of technology, it is now possible to order products from anywhere in the world without even stepping outside your house.
There are plenty of benefits in starting an online store to sell products in this way. For one thing, you can reach a wider audience in your local area, country or abroad in a much easier manner.
Online stores are great for people who don’t have time to go out and shop or can’t do so because they are disabled or elderly. It’s also perfect for small businesses that cannot afford to have their own brick-and-mortar location.
By running an online store, you have the opportunity to create a personalized shopping experience that will give customers exactly what they want when they want it.
The first thing that they need to do is to create a website or blog that will become the storefront of their store.
A good website will need both the visual aspects and the content aspects. It should provide attractive visuals, descriptions, prices, reviews, etc.
For more details on what an ecommerce business entails please speak to one of our experts at Web Design Nigeria.
2. Sell on Konga and Jumia
There are many perks to selling merchandise. You can save time, earn money, and have the ability to do business anywhere.
Another brilliant way to make a side hustle in Nigeria is from selling products on e-commerce websites.
In essence, e-commerce websites have been a growing trend for many of these people who have found their side hustles on these platforms and use them as a way to provide some extra income.
Merchandise like clothing and cosmetics are among the most popular items that can be found on these platforms.
The companies Konga nd Jumia are both online marketplaces that allows vendors and merchants to sell their products to customers in Africa.
They offer over 3,000 products categories and their competitive advantage is their affordability as they price some of their items at less than half what they would cost offline.
The big picture with these eocommerce platforms us the fact that they’ve grown to be quite popular among those looking for affordable prices therefore making selling on these platforms easier.
3. Affiliate Marketing
The rise of affiliate marketing has made it possible for people to earn a supplemental income and work from home.
Affiliate marketing is a great side hustle to have, especially if you want to make some extra cash on the side.
The possibilities are endless as long as you have an Internet connection and some spare time that you can dedicate to it. All you need is a blog or website and an interest in your topic of choice.
Affiliate marketing is a great way for those who are just starting out in business, as well as those who want to work from home, to make money without having the responsibility of owning their own business or developing their own product.
We hade previously written a post on some of these affiliate marketing networks to join in Nigeria to make money, I’ll recommend you check the guide for more information on some hot affiliate marketing opportunities in Nigeria.
4. Start a Blog
If you’re looking for a side hustle, starting a blog can be a great way to earn money. There are many ways to start a blog. Some people do it as a side hustle while others realize that blogging is their main income.
However, before you start blogging, it’s important to have a clear idea of what your blog is going to be about.
You’ll also need to establish the frequency with which you would like to post. Once you have this information, you can create a plan and launch your blog.
There are a number of blog hosting sites where you can start your blog for free and without any coding skills, but if you really mean business investing a little in your blog can make a lot of differences; for example starting your blog on a self-hosted solution is much satisfying and result-driven compared to start with free solutions such as free domain, free hosting or on a free blogging platforms such as Google’s Blogspot.
If you want to be more hands-on with your blogging, we recommend you use our blog design service to build a feature-packed business blog for you.
5. Start a YouTube Channel
If you are someone who likes to talk about their hobbies or interests, then starting a YouTube channel could be a good side-hustle for you.
It is not necessary that you need to know how to edit videos, shoot videos, etc. It is easier if you have some video editing skills but it is not necessary for getting started with YouTube. You can always outsource these jobs to people who are good at it.
YouTube offers influencers the chance of earning money in much more creative ways than just through ads and sponsorship deals. YouTube has the potential of being the next TV in terms of making money from their channels.
YouTube is the second-most visited website in the world, which makes it an excellent place to be if you want to make money online.
The average salary for a YouTuber can vary greatly depending on what type of videos they produce and how well they do. But on average, they tend to make around $5,000 USD per month before taxes.
6. Become a Tutor
After earning a degree, many students are looking for ways to increase their income. Some turn to paid internships or part-time jobs, while others take on tutoring. Tutoring is a great side hustle because it’s flexible and can be done even if you’re still in school.
A tutor can be found in any academic subject area, from math to history to chemistry. Working as a tutor is also relatively easy, as tutors typically work one-on-one with the student and are not required to manage an entire class.
7. Real estate Agent
Becoming a real estate agent has many perks. If you are already working in another field of work, it can be an excellent way to make some extra income on the side.
The best part about it is that there are no limits to the amount of money you can make. With the help of technology, it is now possible to start a side hustle as a real estate agent.
It is not possible to start this side hustle without having some knowledge about this industry. You need to understand the process of buying and selling homes. It would be good if you have experience in this field.
But, there are also other ways to get started with, like taking courses on real estate or reading books on the topic.
One advantage of becoming a real estate agent is that it doesn’t require much investment on your part – you can start with as little as $0 (if you use an online course).
Plus, the job also offers some flexibility – you can choose what time of day or night best suits your schedule and work around your existing commitments.
The Nigerian real estate market is currently experiencing rapid growth and with the right knowledge and skills, an individual can create a profitable business as a side hustle.
If you are considering starting a new business as a way to earn more money on the side, then you should seriously consider getting into the Nigerian Real Estate industry.
8. POS Business
Starting a business in the service industry can be a daunting task. However, with the potential for more and more items in the sharing economy, it is easier than ever to start a new business.
One of the most common side hustles is starting a POS business. If you live in an area that doesn’t have much banking activity or if you think there’s room for improvement, then this may be the perfect side hustle for you.
With the rise of fintech companies in Nigeria, POS Agents to continue to experience growth in their business owing to the fact that they offer a lot of similar services to that of small banking institutions.
Additionally, there are a lot of people who have started POS agent work just as a side hustle. They’re still in the early stages but there’s still time to jump on the bandwagon.
It is possible to allay your fears of not being there by placing someone who you implicitly trust in charge and creating a means by which you can quickly become aware of any potential red flags.
Businesses that deal mainly in cash transactions will need to continue providing these services for a good while yet, with time as the business grows you can open multiple locations for your business. There’s no sign of this industry dying down, so it is an area primed for success and growth.
9. Digital Marketing
Side hustles are a great way to make some extra money. You might be a stay at home mom, a full-time employee, a college student or someone who is looking for more hours on their current job.
Whatever your situation may be, you have the potential to make some extra cash on the side doing something you love and have an interest in.
Digital Marketing is one of the most popular side hustles out there as of late. It’s easy to learn and can be done from anywhere with wifi. In this post I’ll tell you how you can get started with Digital Marketing as well as what some of its benefits are.
Online marketing has been around for years but it wasn’t until recently that it became accessible to everyone and not just big companies or agencies like we used to.
10. SEO Consulting
In today’s economy, it’s becoming harder to make a living as a full-time employee. For those who want to continue their career in the same field, but don’t want to work for someone else, a side hustle can be a great way to supplement income and find an opportunity that fits their personality.
An SEO consultant is someone who helps businesses optimize their websites so they rank higher on search engines such as Google and Bing. This is done by examining SEO strategies and implementing them for clients.
For people who are looking for ways to earn extra income, SEO Consulting is a very lucrative job option.
A lot of companies pay $300/hr for their services. The real value in this job is in the skillset you learn while doing it.
SEO Consulting has many use cases, such as helping small business owners with their marketing strategies or helping schools improve their rankings on search engines.
The seo consulting industry is constantly growing with the help of new technologies and tools that make it easier to find people who can provide these services.
11. Content marketing
Content marketing is a way of communicating with the customers on the digital platform. It allows marketers to provide their services or products to customers in more effective ways.
With content marketing, businesses can generate more leads and increase their online presence. But in order to do well, they need to make sure that they are investing in the right tools.
A lot of companies are now looking for ways to side hustle their marketing efforts by engaging in creative content campaigns, creating a huge need for good content writers.
Nigeria is a great market to do content marketing from. It has a fast growing economy and there are many industries that are looking to invest in it.
There is a growing feeling of optimism in the country. The people have high expectations of the government and they want to see change in their day-to-day lives.
As for content marketing, Nigeria is actually quite a tricky market to approach because it might be hard for you to get into it with limited resources.
There are so many people who want your attention, so you have to find what your audience wants and focus on selling them your product or service.
The success of content marketing depends on the relevance of the information, creativity, and various other factors.
12. Event planning
Event planning is a skill which can be used as a side hustle, one that requires you to invest time, energy and resources.
Event planners are often hired by the organizations to create the appropriate atmosphere for their events.
In Nigeria, it is hard to find event planners who have been trained or even been allowed to work in this field.
This leads to a lack of quality service and services that are not up-to-date with current trends. The event planning industry needs more young people who have the skills and experience needed for the future.
13. Coding/ programming/ web development
The Nigerian tech industry has been growing rapidly in recent years. However, there is still a need for more tech hustlers to develop the country’s web development skills.
For many Nigerians, coding and programming are not just hobbies – it can be a viable career option if you’re willing to put in the work.
Some people choose to create side hustles that involve developing web-based tools or apps that help improve their careers or businesses. These types of side hustles are often called Freelancing as a Hobby, or Freelance as a Business.
If you are looking for a side hustle that you can do from home, then web design consulting might be the profession for you.
You don’t need to be a seasoned web designer to create your own website. With the right amount of time and practice, anyone can learn how to code and build their very own website.
Designing your own website is not just about being able to showcase your work. It’s also about showing people what you are capable of doing with minimal guidance or instruction.
14. Freelance Writing, Editing & Proofreading
There is a common misconception that freelance writing is only for the wealthy. But it’s not true. You can start freelancing as a side hustle and work your way up to become a full-time writer.
There are many different ways to be a freelance writer. From adapting your skillset to marketing yourself, there are many opportunities available for those who want to make it as a writer without having to be tied down by an employer.
15. Uber/Taxify Business
Uber is one of the most popular ride-sharing app. It is also one of the most profitable side hustles to start. You can make up to an extra N300,000 a month or more and use it as a vacation fund for you and your family members who do not work.
Uber Gig: Uber Gig is a platform that connects riders and drivers looking to make some extra money on the side. They offer flexible hours, opportunities to work part-time, and additional earnings that can be converted into cash.
This side hustle has given people the ability to earn money without having to quit their day jobs.
16. Online Fitness Trainer
It is not easy to make huge income with your side hustle. But it can be done if you know the basics of online marketing and how to scale your business with the right tools.
Online Fitness Trainer is a new industry that has been growing in recent years. It provides people with ways to exercise without leaving their homes. And if you are good at it, then there are plenty of opportunities that offer you more than just being an online fitness coach.
17. Sell a Course
Selling a course can be a side hustle for college students and those without much work experience.
When it comes to making money online, many people have trouble deciding what to sell. Some people sell products that take a lot of time and effort to produce – such as screen printing or jewelry-making. Others choose a market that’s much easier, such as selling digital courses for websites.
The key to finding a successful side hustle is figuring out what you enjoy doing and staying motivated throughout the process.
18. Graphics Design
Graphics design is a long process with many steps, and one of the most demanding steps is the side hustle. It takes a lot of creativity and perseverance to be able to come up with unique and original graphics for your side hustle.
It takes time and effort to get new graphics for your Instagram or Instagram stories, but what if you can do all that in just a few minutes? With AI tools like Adobe Illustrator, you can create your own graphic designs at home without having to drive yourself crazy trying to figure out the style that’s right for you.
Logo design is a skill set in itself and logo designers have plenty of work opportunities – from illustration to branding agencies.
19. Healthy Food Delivery Service
A healthy food delivery service is a popular suggestion for those who want to earn extra money. But it’s not always easy to find the time and resources to create and maintain a customer-facing side hustle.
The best part about the side job is that it’s largely done from home so you can build your own schedule around work and family life.
A healthy food delivery service is a popular suggestion for those who want to earn extra money. But it’s not always easy to find the perfect work-from-home job, and making a living from home without a lot of experience is tough.
20. Social media influencing
Social media (Facebook, Twitter, Instagram, TikTok, Snapchat) has become an important part of every person’s life, to the point that it influences our lives outside of work. This is where people find their friends, maintain their social circles, and learn about the world around them.
How does social media influence our lives? It provides us with information about the world around us. It helps us connect with others in a more personal way than ever before. It gives us a place to share memories and photos with friends and family.
The industry is growing, and it is now becoming an integral part of the digital landscape. To make money as a social media influencer, you need to do more than just post pictures for your followers.
These platforms have become an essential part of our daily lives. It connects people around the world like never before. It also connects brands with people that are willing to work with them.
21. Start a Gifting Service
This is a common type of business for those who want to try something new, whether it be a way to earn extra money or just something different.
It can also be a great idea for families and friends who want to give the gift of giving every time they see someone’s name on their calendar.
The most important factor in starting your own business is to have a good idea and brainstorm ideas on the market.
22. Open a Food Shop or Restaurant
Restaurants in Lagos are becoming more and more popular. They gain a lot of money from hosting events, offering food & beverages on the side, and staying operational till late hours. With overpopulation in Lagos, they can stay open for longer periods of time without losing too much revenue.
One of the most common ways to make money is to open a food location. Whether starting a shop, restaurant, or stall, it’s a popular path for individuals looking to earn from their passion.
You can even make up to 12 different sandwiches on your truck, which is also perfect for outdoor events!
It’s important to factor in where you plan on growing your business and what the potential opportunities present themselves.
For example, if you’re looking to open or expand a restaurant chain, factor in all of the major cities that you might be targeting and be sure to include indicators such as population, median income, bookings and diversity.
23. Professional Resume/ Business Writing Service
As the world of work becomes more competitive, it is important to have a professional resume that catches the eye of employers.
The Professional Resumes Company is a business that specializes in providing high-quality resumes to students, recent graduates, job seekers, and experienced professionals.
More Side Hustle ideas;
– Online retailing or reselling
– Online freelancing or consulting
– Retail arbitrage
– Event planning and management
– Transportation services (taxi driver)
– Selling information products
– Domain & Web Flipping
– Print on Demand
– Offering Virtual assistant services
A side hustle can be a great way to bring in extra income, but before starting one, it’s important to consider the following things:
What are your interests?
What are your hobbies?
What skills do you have?
What do you like to do outside of work?
Consider what you like to do and what you’re good at. If you’re not sure, try different things to see what fits. You may enjoy something that you didn’t think would be enjoyable.
If you need more more insight on how to create a profitable online business, speak to to one of our digital marketing experts at Web Design Nigeria today.