3 Online Business That Can Supplement Your Monthly Salary

With increased inflation and decrease in purchasing power of Naira, most Nigerians are left with no other option than to search for online businesses that can supplement their monthly salary. this is so because, many Nigerians have access to internet in their offices or homes that they intend to monetize.

Some businesses require you to do very little work but make a decent income, and others require more work but reap a greater return in the long run. There are many top internet businesses out there that you can start, so you ought to make your decision only after some careful thought. In this article, I will give you insights on some internet businesses that can supplement your monthly salary.

Here are, in my view, 3 of the top internet businesses you can begin:

Business #1: Selling Of Digital Information Products
Selling information products online has become the hot trend in the last couple of years. Many people have caught on to the ease and benefits of selling their own information products on the Internet. These products are generally digital in nature, such as e-books, video courses, podcasts and a combination of two or three of those types. They are easy and low-cost to produce, but produce amazing profit returns. Moreover, you can sell them over and over again without producing new copies and there are no shipping hassles to deal with.

Business #2: Selling Of Physical Products Online
Selling physical products used to be more popular before the rise of information products online. It still is very profitable to sell physical products though, as these products can be more well-known to the public. Because they tend to be more mainstream, it is easier to sell these products without much pre-selling. Selling your own products on classified ads sites like OLX or dealdey or using your social media accounts like instagram or facebook is a very profitable venture.

I personally buy products from China, list them on OLX and create facebook ads campaign to sell them within Abuja. in most cases, I have spent only N5000 to make profits of N50000 using this strategy

Another set of online earners that are sprouting up are the instagram millionaires. These are young Nigerians that sell or render services on these platform to make ends meet. I have a very close friend that renders printing services, has less than 5000 instagram followers and makes upward of 2million Naira monthly rendering different printing services to these his followers.

If you take another example, "Jaruma" sells female sexual products using Instagram and have sold into hundreds of millions and have traveled to different countries of the world. I love and cherish her marketing strategies so much. all thanks to her instagram page. we have such opportunities all around us, its a matter of utilizing them

Business #3: Affiliate Marketing
By far, the easiest internet business to start online is affiliate marketing. In a nutshell, you promote someone else's product for a commission. Whenever you make sales or refer a lead, you get paid, depending on the structure of the affiliate program. With this business model, you don't need to spend enormous amounts of time creating a product, writing sales copy or providing customer service. You just need to promote your affiliate link.

Out of all the online businesses I have done, this model have made me the most money, I have a couple of videos on the source of this article where I show how profitable it is to be an affiliate marketer.

Which Internet business would I recommend for a newbie? Well, I would recommend affiliate marketing as it requires the least investment and it has the shortest learning curve. It is where many successful online business owners (including myself) cut their teeth.