It all began during a conversation with my friend Emeka. We were both complaining about the lack of job opportunities in Nigeria, and the rising cost of living didn’t make things easier. But one day, Emeka casually mentioned how he made some extra money by starting an online business, and what shocked me the most was that he started it with just a few thousand naira—less than $100!

That conversation sparked an idea. Why not explore online businesses myself? I started researching and found several options. Today, I’ll share with you the top 10 online businesses you can start with minimal investment, tailored for the Nigerian system.

1. Freelance Writing

Emeka was into freelance writing. He joined platforms like Upwork, Fiverr, and Freelancer, where he started offering his services as a content writer. You can start by creating an account, listing your skills, and bidding on jobs that suit your abilities. With as little as N10,000 ($20) to invest in a good internet connection, you can start building a portfolio.

Step-by-Step Solution:

• Create accounts on platforms like Upwork or Freelancer.
• List your skills and offer services such as article writing, copywriting, and blog posts.
• Build a portfolio with initial jobs and ask for client reviews to grow your reputation.

2. Dropshipping

Dropshipping allows you to sell products without holding any inventory. You simply act as the middleman between a supplier and the customer. All you need is a website or an account on online platforms like Jumia or Konga.

Step-by-Step Solution:

• Choose a niche product (e.g., fashion items or electronics).
• Set up an online store using platforms like Shopify or Jumia Seller.
• Partner with suppliers who will fulfill orders on your behalf.

3. Print-on-Demand Business

This is a great opportunity for creative individuals. You can design custom t-shirts, mugs, or bags and sell them through a print-on-demand service. Websites like Teespring and Printful handle everything from printing to shipping.

Step-by-Step Solution:

• Sign up for Teespring or Printful.
• Design your products using free design tools like Canva.
• Promote your products through social media and email marketing.

4. Social Media Management

Businesses in Nigeria are becoming more aware of the importance of social media presence. If you understand platforms like Instagram, Facebook, and Twitter, you can help businesses manage their social media accounts.

Step-by-Step Solution:

• Learn basic social media marketing strategies through free online courses.
• Create a portfolio by offering free services to local businesses or startups.
• Use platforms like LinkedIn to connect with potential clients.

5. Affiliate Marketing

Affiliate marketing allows you to earn a commission by promoting other people’s products. You don’t need any money upfront, just a platform (blog, YouTube channel, or social media) where you can promote products.

Step-by-Step Solution:

• Sign up for affiliate programs from companies like Jumia, Amazon, or Konga.
• Promote products through blog posts, social media, or email marketing.
• Earn commissions when customers make purchases through your affiliate links.

6. Blogging

Blogging can be started with as little as N5,000 ($10) for domain hosting. I personally started a blog on financial literacy and gradually attracted readers through consistent content. You can make money through ad revenue and sponsored posts.

Step-by-Step Solution:

• Choose a niche topic (e.g., health, technology, or finance).
• Register a domain and set up hosting (you can start with affordable Nigerian hosting services).
• Write consistently and monetize through Google AdSense and affiliate links.

7. Online Tutoring

With the rise of e-learning, you can offer tutoring services online. If you have expertise in subjects like Mathematics, English, or even digital marketing, you can charge for private tutoring through platforms like Tutor.ng.

Step-by-Step Solution:

• Choose a subject you are knowledgeable in.
• Create a profile on Tutor.ng or set up a personal tutoring website.
• Market your services through social media and education groups.

8. YouTube Channel

Creating a YouTube channel is free, but it can turn into a lucrative business once you grow your audience. You can start with basic equipment (even a smartphone camera) to create content about your hobbies or interests.

Step-by-Step Solution:

• Identify a niche (e.g., tech reviews, comedy, or cooking tutorials).
• Start creating videos using a basic smartphone.
• Monetize your channel through ads and sponsored content once you gain followers.

9. Graphic Design

With basic graphic design skills, you can start creating logos, social media banners, and other visual content for businesses. Tools like Canva and Adobe Spark make graphic design accessible, even for beginners.

Step-by-Step Solution:

• Learn basic graphic design through free tutorials on YouTube.
• Use Canva or Adobe Spark to create designs.
• Offer your services on Fiverr or reach out to local businesses directly.

10. Virtual Assistance

Many businesses are looking for virtual assistants to help with tasks like scheduling, email management, and customer support. All you need is a laptop and a stable internet connection to start offering virtual assistance services.

Step-by-Step Solution:

• List your services on freelancing platforms like Upwork or Fiverr.
• Start with small tasks and build up your reputation.
• As you gain experience, offer more complex services like project management.

Conclusion

Starting an online business in Nigeria with less than $100 is very possible. Each of these options provides flexibility, requiring little to no capital, and allows you to work from home. The key is to pick a business model that aligns with your skills and interests, remain consistent, and continue learning.

With the right dedication, these small ventures can turn into thriving online businesses, just like they did for Emeka and me. Whether you’re looking to supplement your income or build a full-time career, there’s an online opportunity out there for you.