You’ve come to the realization as a student that your pocket money won’t be sufficient for you. Your mom will set aside $10,000 or $20,000 for you as pocket money, but you end up spending more than that. This is where you must understand that you must rely on other sources of income in addition to your parent’s income in order to make ends meet while attending college. For this reason, this content is about the most lucrative ways to make money while a student.
The truth is that there are more than 100 simple ways to earn money while still in school in Nigeria, but these business opportunities are kept secret from the general public, which is why the majority of students aren’t particularly interested in starting their own profitable ventures. The majority of them read because they assume there will be work waiting for them when they graduate from college. However, this is untrue because you can start earning money while still a student and before you graduate.
• Make money from affiliate marketing
Student life can be uncomfortable at times, and it might be harder if you don’t have money. Affiliate marketing is nice; it is my main source of revenue. With affiliate marketing, you can recommend products to customers and earn a commission on those sales. The fee is calculated as a percentage and often runs from 3% to 250%, depending on the product and the affiliate company.
An excellent illustration is when you recommend someone buy a N200,000 television. Assuming you are working with an affiliate company whose commission rate is 10%, this means you will be paid N20,000 for each television you assist them in selling. To begin an affiliate marketing profession, you can register with Amazon or Jumia.
• Make money as a graphics designer
You can start with a graphic designing skill if you need something to earn from because it’s cool, you can make cool money with it while feeling at home in college, and you can learn it in less than 3 months. An ordinary graphics designer can earn up to N70,000 per month, which is enough to cover all of your expenses and buy your crush dinner. To search for jobs, you can create an account on Upwork.
• Make money as a tailor
Your fellow students are fashionable, and this is an avenue to make money from them, reach out to them if you are a tailor and make sure they are aware that you are a tailor and you can make clothing for them at affordable pricing. You don’t even have to make a complete dress before you make money, slim-fitting dresses are also one way you can make a token that will accumulate for your survival.
• Make money as a realtor
Here you become a housing agent, you have to keep updated whenever there is a vacant accommodation, you will post on social media to notify people who are connected to you, and anyone interested in the accommodation gets to message. You serve as a hook-up manager between the owner of the house and the person who is interested in renting it; you get your agent fee after a successful agreement.
• Make money by selling old books
Those old books you used, are you going to need them again? In most cases you won’t even read them, so why don’t you sell them? Selling books is also a legal way to make money as a Nigerian student, when you even sell it at a cheaper price; you will experience fast sales.
• Make money as an event planner
If you are a social geek, this is your chance; the campus is always convivial, with events such as faculty week, hall week, faculty and department dinner nights, and even odd parties on and off campus, where you can develop a brand for yourself and sell yourself out.
• Make money as a data reseller
I did this during my first year at the University of Ibadan, and I know how it saved my ass; the data reselling business is incredibly profitable if you are on campus, because that is where your target audience is. You buy data from vendors at a lesser price and resale it at a lower price than the standard price; people will buy because they need inexpensive stuff, and there is where you make your money.
• Make money by creating a blog
I manage multiple websites where I generate money from Google AdSense, and as a Nigerian, I make no less than $300 per month through Google AdSense. Aside from AdSense, I get money by accepting sponsored posts, which is when you allow people who want to advertise their business. Another way to use a blog or website is to sell things or services to your audience. For example, I am a freelancer who sells my services to my audience.
The first step in making money by selling your product or service is to identify an issue, solve it, and publish it; in the process, you can advocate your services.
• Make money as a freelancer
First and foremost, you must develop a skill that you can leverage; without a skill, you cannot consider yourself a freelancer. After you’ve determined what you’re capable of, you seek out to individuals to find work; as a freelancer, you may work from home and earn an average of N150,000 each month.
Some of my jobs come from Upwork or Fiverr, which are freelancing platforms, but most of my jobs come from leveraging my website or others referring me for a job opportunity.
