If you have 1 million naira, there are a number of businesses you can start. Here are a few ideas:
Open a small retail store. This could be a clothing store, a grocery store, or a phone accessories store. You could also open a general store that sells a variety of items.
Start a food business. This could be a restaurant, a food stall, or a catering business.
Start a transportation business. This could be a taxi service, a bus service, or a motorcycle taxi service.
Start a technology business. This could be a software development company, a web design company, or a computer repair shop.
Start a farming business. This could be a poultry farm, a piggery, or a fish farm.
No matter what business you choose to start, it is important to do your research and make sure that it is a viable business opportunity. You should also develop a business plan that outlines your business goals, your target market, and your marketing strategy.
Here are some additional tips for starting a business with 1 million naira:
Choose a business that you are passionate about. This will make it more likely that you will be successful.
Get your finances in order. Make sure you have enough money to cover your startup costs and your operating expenses.
Find a good location for your business. The location of your business can have a big impact on your success.
Market your business. Let people know about your business and what you have to offer.
Provide excellent customer service. This will help you build a loyal customer base.
Starting a business can be a challenging but rewarding experience. If you are willing to put in the hard work, you can be successful.
The internet has opened a vast landscape of opportunities for earning income from the comfort of your own home. Whether you’re looking for a full-time career shift or just some extra cash, this list explores 50 diverse ways to turn your skills and passions into online income streams. Remember, success relies on dedication, research, and choosing the right option for your interests and commitment level.
Content Creation:
Blogging: Share your expertise or passion through a blog (WordPress.com, Wix.com) and earn through advertising, sponsored content, or affiliate marketing.
Freelance Writing: Offer your writing skills to online publications, businesses, or individuals (Upwork.com, Fiverr.com).
YouTube Channel: Create engaging videos and monetize through ads, sponsorships, or merchandise (YouTube.com).
Podcast Host: Start a podcast and generate income through ads, sponsorships, or premium content (Buzzsprout.com, Anchor.fm).
Social Media Management: Manage social media accounts for businesses or individuals (Hootsuite.com, Buffer.com).
E-commerce & Selling:
Open an Online Store: Sell products through platforms like Etsy, Shopify, or Amazon (Etsy.com, Shopify.com, Amazon.com).
Drop Shipping: Sell products without holding inventory (Spocket.com, Doba.com).
Print-on-Demand: Sell custom-designed products like t-shirts or mugs (Redbubble.com, Printful.com).
Sell Crafts & Handmade Goods: Showcase your creations on Etsy, craft fairs, or your own website.
Sell Digital Products: Create and sell ebooks, courses, music, or software online (Gumroad.com, Sellfy.com).
Freelancing & Services:
Freelance Graphic Design: Offer your design skills to clients for logos, web design, or marketing materials (Dribbble.com, Behance.net).
Virtual Assistant: Provide administrative, technical, or creative assistance online (Fancy Hands.com, Zirtual.com).
Web Developer: Build and maintain websites for businesses or individuals (Toptal.com, Upwork.com).
Online Tutoring: Share your knowledge by tutoring students in various subjects (TutorMe.com, Chegg.com).
Transcription: Convert audio or video recordings into written text (Rev.com, Scribie.com).
Sharing & Renting:
Rent Your Home or Extra Space: Utilize platforms like Airbnb or Vrbo to generate income from your property (Airbnb.com, Vrbo.com).
Rent Your Car: Earn money when you’re not using your car through Turo or Getaround (Turo.com, Getaround.com).
Dog Walking & Pet Sitting: Care for pets in your neighborhood through Rover or Wag (Rover.com, WagWalking.com).
Rent Out Equipment: Share underutilized equipment like tools, cameras, or musical instruments on Fat Llama or Neighbor (FatLlama.com, Neighbor.com).
Online Micro-tasks & Earning Platforms:
Take Online Surveys: Share your opinions for small rewards (Prolific.co, Swagbucks.com).
Micro-tasking Platforms: Complete small tasks like data entry or image tagging on platforms like Amazon Mechanical Turk or Clickworker (Amazon Mechanical Turk, Clickworker.com).
Get Paid to Play Games: Earn rewards by playing games on platforms like Mistplay or Skillz (Mistplay.com, Skillz.com).
Online Proofreading & Editing: Offer your language skills for proofreading and editing documents (Scribbr.com, Reedsy.com).
Online Coaching & Consulting:
Life Coaching: Offer guidance and support to clients through online platforms (Life coach directory websites).
Career Coaching: Help individuals with career paths and job searches (CareerOneStop.org, The Muse).
Financial Coaching: Guide clients with budgeting, investing, and debt management (National Foundation for Credit Counseling).
Business Consulting: Offer your expertise to businesses in various areas (SCORE.org, Upwork.com).
Getting very high and good organic views for your YouTube channel is hard work. Below are some important things you must consistently do to get high viewership of your YouTube channel.
High-quality content: Your videos should be informative, entertaining, and well-produced. The better your content is, the more likely people are to watch and share it.
Eye-catching thumbnail: Your thumbnail is the first thing that viewers will see, so it should be visually appealing and give a clear idea of what your video is about.
Engaging title: Your video title should be descriptive, compelling, and give viewers a reason to watch your video.
Keyword optimization: Use relevant keywords in your video title, description, and tags to help your video show up in search results.
Promotion: Share your video on social media and other platforms to increase visibility and encourage viewers to watch and share.
Consistency: Post videos on a regular schedule to build an audience and keep viewers coming back for more.
Remember, generating lots of views quickly should not be the sole focus of your YouTube channel. Focus on creating valuable content that resonates with your audience, and the views will come naturally.
AdSense is an advertising program operated by Google that allows website owners and publishers to display targeted ads on their web pages. AdSense works by matching ads to the content of the website, which helps increase the relevance and effectiveness of the ads displayed.
Website owners can sign up for AdSense and then place ad code on their website. When a visitor clicks on an ad, the website owner earns a percentage of the revenue generated from that click. AdSense is a popular way for website owners to earn money from their websites, as it provides a way to monetize traffic without requiring the website owner to sell products or services directly
How to apply for AdSense
To apply for AdSense, you need to follow these steps:
Create a Google account or sign in to your existing account.
Navigate to the AdSense website at https://www.google.com/adsense/start/.
Click on the “Sign up now” button.
Enter the URL of the website that you want to use with AdSense.
Choose the language of your website and select the appropriate content category.
Fill out the required information, such as your name, address, and phone number.
Read and agree to the terms and conditions of the AdSense program.
Click on the “Create account” button to submit your application.
Once you have submitted your application, Google will review your website to ensure that it meets the AdSense program policies. This process typically takes a few days, and you will receive an email notification once your account has been approved or rejected. If your account is approved, you will be provided with instructions on how to add AdSense ad code to your website to start displaying ads and earning revenue.
How to start receiving money from your AdSense account
To start receiving money from your AdSense account, you need to follow these steps:
Set up your payment information: Sign in to your AdSense account, click on “Payments” and then “Payment settings”. Here, you’ll need to provide your payment details, such as your bank account information or mailing address, depending on your preferred payment method. Make sure that the information you provide is accurate and up-to-date.
Meet the payment threshold: AdSense has a payment threshold, which is the minimum amount of earnings you need to accrue before you can receive a payment. The threshold varies by country and currency, but it is typically around $100. Once your earnings reach the payment threshold, AdSense will automatically send a payment to you.
Verify your identity: Depending on your location, you may need to verify your identity before you can receive payments. This process involves submitting a government-issued ID or other documentation to AdSense for verification.
Review your payment schedule: AdSense pays out earnings on a monthly basis, typically around the 21st of the month. However, there may be some delays depending on your payment method and location.
Monitor your earnings: Keep an eye on your AdSense account to track your earnings and ensure that you are meeting the payment threshold. You can also view payment history and other financial information in your account.
Once you have completed these steps, you should start receiving payments from AdSense based on your earnings and payment preferences.
How to qualify for AdSense payments
To qualify for AdSense payments, you need to meet the following requirements:
You must be at least 18 years old.
You must have a valid AdSense account that complies with AdSense program policies and terms and conditions.
You must have reached the payment threshold for your payment method and currency. The payment threshold varies depending on your location and currency, but it is typically around $100.
You must have provided accurate and up-to-date payment information, such as your bank account details or mailing address.
You must have verified your identity, if required by AdSense in your location.
You must have not violated any AdSense program policies or terms and conditions, such as by engaging in click fraud or placing ads on prohibited content.
If you meet these requirements, AdSense will automatically send payments to you based on your earnings and payment preferences. It’s important to note that AdSense payments are subject to various taxes and fees, depending on your location and payment method. You should consult with a tax professional or accountant to understand your specific tax obligations related to AdSense earnings.
AdSense: how to verify your identity
To verify your identity for AdSense, you need to follow these steps:
Under the “Payment settings” section, click on “Verify Your Identity.”
Select your country from the dropdown list and follow the prompts to submit your identity verification documents.
Depending on your location, you may be required to submit one or more of the following types of documents:
A government-issued ID, such as a passport or driver’s license.
Tax documents, such as a W-9 or W-8BEN form.
A bank statement or utility bill with your name and address.
Once you have submitted your documents, AdSense will review them and typically respond within a few days to let you know whether your verification has been successful.
It’s important to note that identity verification requirements may vary depending on your location and AdSense policies. If you have any questions or issues with the verification process, you can contact AdSense support for assistance.
AdSense: how to verify your address
To verify your address in AdSense, you need to follow these steps:
Under the “Payments settings” section, click on “Verify Address.”
A postcard with a verification code will be sent to the mailing address you provided in your AdSense account. The postcard usually arrives within 2-4 weeks.
Once you receive the postcard, log in to your AdSense account and enter the verification code.
Click on “Submit” to complete the verification process.
If you do not receive the postcard or if the verification code does not work, you can request a new postcard by clicking on “Request new code” in your AdSense account. If you continue to have issues verifying your address, you can contact AdSense support for assistance.
How to apply for AdSense (for website owners): the steps
To apply for AdSense, you need to follow these steps:
Create a website or a blog: AdSense is a program that allows website owners to earn money by displaying ads on their websites. To apply for AdSense, you must have a website or a blog that meets AdSense program policies.
Sign up for an AdSense account: Visit the AdSense website at www.google.com/adsense and click on “Sign Up Now.” You will be prompted to enter your website URL and other information about your website, such as the language and content type.
Submit your AdSense application: Once you have entered all the required information, submit your AdSense application for review. AdSense will review your application to ensure that your website meets AdSense program policies, such as having sufficient original content, complying with copyright laws, and not containing prohibited content.
Add AdSense code to your website: If your application is approved, AdSense will provide you with ad code that you can add to your website. This code will display ads on your website, and you will earn money when users click on these ads or view them.
Start earning money: Once you have added AdSense code to your website, you can start earning money based on the traffic and ad performance on your website. AdSense pays out earnings on a monthly basis, typically around the 21st of the month, as long as you have reached the payment threshold for your payment method and currency.
How to apply for AdSense through YouTube
To apply for AdSense through YouTube, you need to follow these steps:
Create a YouTube account: If you don’t already have a YouTube account, create one by visiting www.youtube.com and clicking on “Sign in” in the upper right-hand corner of the page. Follow the prompts to create a new account.
Create and upload videos: Create high-quality, original videos that comply with YouTube’s community guidelines and terms of service. Upload these videos to your YouTube channel.
Build your audience: Promote your videos through social media, email, and other channels to build a following of subscribers and viewers.
Apply for the YouTube Partner Program: Once your channel meets the eligibility requirements for the YouTube Partner Program, you can apply by going to your YouTube Studio dashboard, clicking on “Monetization,” and following the prompts to apply.
Set up your AdSense account: If your application is approved for the YouTube Partner Program, you will be prompted to set up an AdSense account or connect an existing one. Follow the prompts to provide your payment and tax information and link your AdSense account to your YouTube channel.
Enable monetization on your videos: Once your AdSense account is connected to your YouTube channel, you can enable monetization on your videos by going to your YouTube Studio dashboard, clicking on “Monetization,” and following the prompts to enable ads on your videos.
Start earning money: Once you have enabled monetization on your videos, AdSense will display ads on your videos, and you will earn money based on the traffic and ad performance on your videos. AdSense pays out earnings on a monthly basis, typically around the 21st of the month, as long as you have reached the payment threshold for your payment method and currency.
How to apply for AdSense if you create apps
To apply for AdSense if you create apps, you need to follow these steps:
Create an AdMob account: AdMob is a platform that allows app developers to display ads in their apps and earn money from clicks and impressions. To apply for AdSense for your apps, you must first create an AdMob account.
Add AdMob SDK to your app: Once you have created an AdMob account, you need to add the AdMob software development kit (SDK) to your app. This SDK will enable ads to be displayed in your app and allow AdSense to track clicks and impressions.
Create ad units: In your AdMob account, you can create different types of ad units, such as banner ads, interstitial ads, and rewarded video ads. These ad units will be displayed in your app, and you will earn money when users click on or view these ads.
Submit your AdSense application: Once you have added AdMob SDK to your app and created ad units, you can submit your AdSense application for review. AdSense will review your application to ensure that your app meets AdSense program policies, such as having sufficient original content, complying with copyright laws, and not containing prohibited content.
Wait for approval: Once you have submitted your AdSense application, you will need to wait for AdSense to review and approve your application. This process typically takes several days to a few weeks.
Start earning money: Once your application is approved, AdSense will display ads in your app, and you will earn money based on the traffic and ad performance in your app. AdSense pays out earnings on a monthly basis, typically around the 21st of the month, as long as you have reached the payment threshold for your payment method and currency
Ways you can qualify to make money with AdSense if you have a Website/ YouTube channel
To qualify to make money with AdSense, you need to have a website or YouTube channel that complies with AdSense policies and terms of service. Here are some specific requirements:
Content quality: Your website or YouTube channel must have original, high-quality content that provides value to users.
Traffic: You need to have a sufficient amount of traffic to your website or YouTube channel to attract advertisers. While there is no specific threshold for traffic, it’s generally recommended to have at least 1000 visitors per day for a website or 1000 subscribers and 4000 watch hours per year for a YouTube channel.
Ad placement: Your website or YouTube channel must have ad placements that comply with AdSense policies. You should avoid placing ads in areas that could mislead or confuse users, such as near navigational elements.
Age and location: You need to be at least 18 years old and have a mailing address in a country where AdSense is available.
Compliance with AdSense policies: Your website or YouTube channel must comply with AdSense policies, which include guidelines on prohibited content, ad placement, and user experience.
Technical requirements: Your website or YouTube channel must have the necessary technical requirements, such as a privacy policy page, to be eligible for AdSense.
If you meet these requirements, you can sign up for an AdSense account and start earning money from ad clicks and impressions on your website or YouTube channel.