Best Banks In Nigeria For Personal And Business Banking For 2022

A bank is a financial institution licensed by a regulating body to receive deposits and lend surplus money to borrowers, and upon demand, pay the depositor. A bank allows the depositor to open an account, make a withdrawal, pay third parties, and use a debit or credit card, among other services. Banks have different products and services like personal and business banking products for their customers. Personal banking is another name for domestic or retail banking, which involves the bank dealing with you directly or personally. While for Corporate or business banking, the bank deals with a corporate body or an incorporated company.

 

In Nigeria, most of the banks offer a mix of these services, and if you own a small business, your concern is how to get a loan quickly. But for the regular saver, you want a secure bank. The Nigeria Deposit Insurance Corporation secures your deposit of up to N500,000 in all commercial banks in Nigeria in case CBN closes any of them. To help you filter the best out of the number of banks, we will list ten of the best banks in Nigeria for personal and business banking to enable you to make an informed choice. Let us start with some examples of both services.

What are examples of personal banking?

Examples of personal banking are savings account, certificate of deposit, credit, and debit cards, financing a car or a house, and remitting foreign currency. There is also private banking service (for high net worth individuals), insurance, stock brokerage, and wealth management, which the bank will sell to you using its subsidiary company. Extra service includes online banking.

What are the examples of business banking?

Corporate banking or business banking services include Loans and advances, treasury services, equipment leasing, trade finance, and small-medium enterprises (S.M.E.) loans, online banking, P.O.S., and more.

After showing you some examples of personal and business banking, let us go straight to the list and examine the best banks right away.

 

The best banks in Nigeria

Here are the best banks in Nigeria for personal and business banking:

1. Guaranty Trust Bank Plc

Guaranty Trust Bank Plc (GTBank) is a limited liability company incorporated to carry on the banking business in 1990 and began operating in February 1991. The bank listed its stocks in the Nigerian stock exchange in September 1996.

Through the years, due to sound management, its asset base is now more than 3 trillion naira. The bank has a subsidiary office in the United Kingdom and branches in some African countries like Ghana and Uganda.

GTBank offers excellent personal and business banking to customers using its professional staff. GTbank’s personal banking service includes opening savings and current accounts, nonresident Nigerian service, and private banking, online banking, and A.T.M and P.O.S.

While the business banking gives you access to a GT business account, corporate and commercial banking, S.M.E. and loans and advances, and more.

2. First Bank of Nigeria 

First bank is one of the best banks in Nigeria for personal and business banking. Here is why. First bank of Nigeria is true to its brand name and is genuinely the first when it comes to personal banking services.

The bank, which started in 1894, now has close to 900 branches in Nigeria, across ten African countries and the U.K.  First bank has nearly ten thousand employees, and its revenues have continued to grow.

To prove how much the bank has been able to serve its personal banking clients, the bank won “The Asian Banker International Excellence” award for the best personal banking brand five times in a row.

Its personal banking solutions include loans and mortgage, bank cards, payment solutions, online banking and A.T.M and P.O.S and diaspora banking, money transfer, and fixed deposit.

Also, the bank serves its corporate banking customers well, and its loan portfolio continues to increase just like its deposit base. Rest assured that First bank will give you the best of both services.  Its business banking products include Account, S.M.E. connect, loans, e-solutions, payment solutions, Agric financing, and mortgages.

3. Zenith Bank P.L.C.

Zenith Bank P.L.C. is a leading Conglomerate and provides financial services across the globe using cutting edge technology and leads while the other banks follow.

The bank was launched in May 1990 and started operating in July of the same year with a commercial bank license.

In 2014, it transformed into a Public liability company (P.L.C). Also, to meet demands for its services, it has 500 branches in Nigeria and subsidiary offices in the U.K, Ghana, South Africa, and more.

Zenith offers numerous customers customized banking services, which include S.M.E. banking, Personal banking, and Corporate banking, investment and loans, bank account, asset management solutions, Online banking, A.T.M, and P.O.S.No wonder it is now among the largest banks in Africa. Its head office is at Zenith Heights, Plot 83, Ajose Adeogun Street, Victoria Island, Lagos, Lagos State, Nigeria.

4. Stanbic I.B.T.C. Bank

I.B.T.C. chattered bank started in 1989 and merged with Stanbic Bank Group in 2007. It is now a part of the Standard Bank Group with the Head office in Johannesburg, South Africa.

The bank provides excellent banking services in well over 180 branches locally with 560 Physical ATMs. Its professional staff is up to 3,000 and keeps increasing to match up with your demand for excellent services.

Its foreign remittances service is top-notch. If you are Nigerian living abroad, you may open a nonresident Nigerian bank account with the bank as the cost of transactions is low, and it is easy to monitor your account from anywhere you live abroad.

The bank’s personal and business banking service is first class, with an unbeatable range of services that include financial advisory services, loans, savings, investments, debit and credit cards, mortgages, pensions, and Stockbroking. Its Head Office is The I.B.T.C Place Walter Carrington Crescent Victoria Island Lagos.

5. Standard Chartered Bank Nigeria

Another one of the best banks in Nigeria for personal and business banking is Standard Chartered Bank, Nigeria. Its head office is in London, and its branches worldwide are about 1,200. The bank boasts of over 150 years of banking experience.

Standard Chartered Bank Nigeria started operating on 15 September 1999 and has 22 branches with A.T.M’s and more than 900 employees as of 2013.

The Bank in Nigeria provides one of the best business banking services with an efficient, secure, and easy to use free online banking platform, plus a fair exchange rate service.

That said, its retail banking services are equally responsive to the demands of the customers. Its products include personal banking, priority banking, and business accounts for its retail clients.

While its corporate and institutional services include transaction banking, priority banking, and small and medium enterprises(S.M.E.). Its local head office is at 142 Ahmadu Bello Way, Victoria Island, Lagos.

6. Sterling Bank Plc

When this bank began in 1960, it was Nigeria’s first Investment bank called Nigeria Acceptances Limited (N.A.L.).

Sterling Bank became a complete commercial bank when N.A.L. merged with four other banks in the 2006 bank consolidation era. With that merger, Sterling bank was born and ready to improve stakeholders’ value.

Sterling bank has repositioned itself to deliver both personal banking and business banking services plus some extra banking services. Its products include private banking and wealth management, agent banking, commercial agriculture credit scheme, loans to the telecom, power, and steel sectors.

The bank now has up to 179 branches, 847 ATM’s and 7853 point of sale (P.O.S.) terminals as of 2018.  Its head office is at Sterling Towers, 20 Marina, Lagos, Lagos State, Nigeria.

7. United Bank For Africa Plc (U.B.A.)

One more bank in this list of the best banks in Nigeria for personal and business banking is U.B.A. This bank started in 1949, and they trade the stock in the Nigeria Stock Exchange. Like its peers, it has undergone a lot of transformation carried out by Tony Elumelu. In 2005, he merged U.B.A. with Standard Trust Bank before his tenure as M.D. ended. As a result, the bank is a lot nimbler than the former conservative company.

 

U.B.A. is ready to serve stakeholders and to create an enterprise that will continue to advance strategically and be ahead of other banks in all the services it offers to customers in its branches in 22 African countries.

Its core services are corporate banking and personal banking that include S.M.E. banking and internet banking, money transfer, treasury, trade and savings, current account, P.O.S., A.T.M., and online banking, and more.

The bank’s core values have these three words execution, enterprise, and excellence driving its goal of dominance in the banking sector, and has strategically positioned its subsidiary offices in New York, UK, and France. Its headquarters is U.B.A. House, 57 Marina, Lagos, Lagos State, Nigeria.

8. Fidelity Bank

Fidelity Bank P.L.C. started in 1988 as a Merchant bank and rebranded into a commercial bank in 1999. It is known for serving startups and has several awards as S.M.E. Friendly Bank, the Most Improved Corporate/Investment Bank, and the Best in Mobile.

It came 4th place as the best retail bank in a survey carried out in 2001 by K.P.M.G. to find out how satisfied customers are about their service providers.

Fidelity bank as of 2017 has 240 branches in Nigeria that includes digital offices with 775 ATM’s and 4346 POS’s.

The bank provides customized products for different customers, corporate banking, S.M.E. banking, private banking, and online banking. Others include mortgages, loans, credit cards, savings, and current accounts and Investments.

Its head office is at Fidelity Place, 2 Kofo Abayomi St, Victoria Island, Lagos, Nigeria.

9. Union Bank of Nigeria

The bank started in 1917, and they trade its stocks on the Nigerian stock exchange. Union bank is one of the old generation banks, and like its peers is rebranding its services to become alive to its logo of a galloping Stallion.

That is why it is part of this best banks in Nigeria for personal and business banking. As of 2016, it had 320 branches and two fully-owned subsidiaries in the United Kingdom. The bank offers products that target high net worth individuals and S.M.E’s.

Its banking products include savings account and current accounts fixed deposits accounts, mortgages, auto loans, personal loans, bill payments, and debit cards.

The bank’s business banking product includes credit and advances, trade finance, account and cash management solutions, union one and union 360, and local trade, Agric business solutions, and more.

Additional services include Online Banking, Mobile Banking, Debit Cards, A.T.M’s, and P.O.S. Systems. Its head office is at 36 Marina, Lagos Island, Lagos State, Nigeria.

10. Ecobank Nigeria P.L.C.

Ecobank Nigeria is a part of the Ecobank Group. The bank started operations in 1989 to provide financial solutions to enhance its clients’ growth. Ecobank Nigeria is a commercial bank with branches of up to 610 all over the country as of 2011.

It offers personal banking and business banking that includes retail, wholesale banking, treasury, and financial institutions and capital markets and investment banking to its diverse customers. Other personal bank services include Ecobank online internet banking, A.T.M’s, and P.O.S.

The stocks of Ecobank Nigeria is listed on the Nigerian stock market. Its head office is at Plot 21, Ahmadu Bello Way, Victoria Island, Lagos.

Whereas, the parent company Ecobank Group was formed in 1985 to serve the citizens of West Africa. Its headquarters is in Togo employs over 10,000 staff.

The Ecobank Group has a network of over 1,300 branches in 36 countries such as Benin, Kenya, South Africa, including offices in other parts of the world like Dubai, Paris, and London.

11. First City Monument Bank (F.C.M.B.)

F.C.M.B is the last bank in this compilation of the best banks in Nigeria for personal and business banking. This bank, which was initially called First City Merchant Bank and launched in 1982,  evolved from City Securities Limited that began in 1977.  In 2001, it became First City Monument Bank and obtained a universal banking license.

F.C.M.B. has roughly 5.1 million customers and 206 branches in Nigeria. It owns  a subsidiary bank in the United Kingdom through F.C.M.B. Bank (U.K.) Limited. The bank aims to become the best financial services group of African origin.

F.C.M.B. offers personal banking products, business banking solutions, and other corporate products for its customers.

Its numerous financial services include micro-lending, asset management, stock-broking, trusteeship, and custodial services, foreign exchange, personal banking, corporate and commercial banking, investment banking, A.T.M’s, P.O.S., and online banking.

Other products it offers clients are commercial, public sector, financial institutions, small and medium-scale enterprises, trade and liquidity management solutions to businesses, and more. The bank’s headquarters is at Primrose Tower, 17A Tinubu Street, Lagos, Nigeria.

Conclusion

In this post, you have a list of the best banks in Nigeria for personal and business banking. We gave you their product so you can make up your mind on the one you like best. If you think their products are alike, you are right, but each bank is unique in the way it delivers similar services.

Tell us the bank that you would choose for personal banking and why and do the same for business banking.

List Of Banks In Nigeria And Their Details

If you are a Nigerian who is industrious and trying to make money online or offline, one of your biggest resources will be a bank. A bank helps you keep your funds, transfer your funds, and more. It is very important to know your bank and all its contact information. That is why we are compiling a list of all the banks in Nigeria and their contacts.

There are about 21 commercial banks in Nigeria. At a point, there were up to 89 until the consolidation of the banking industry.

The Central bank of Nigeria (CBN) is the highest monetary authourity in Nigeria. The CBN has oversight over the banking industry in Nigeria. Over the years, the CBN has carried out many reforms, one of them being the recapitalization of the banking industry in 2005.

It is safe to bank in all the banks in Nigeria. The Nigeria Deposit Insurance Corporation (NDIC) was created in 1988 to protect depositors and guarantee payment of insured funds in the event of failure of insured institutions.

That means even if the banks collapsed, your money should be safe.

 

Important details you should know about your bank

There are important details that you should know about the banks in Nigeria, especially the one that you are banking with. These details will help make your life easier.

First, it is very important to know the name of your bank. I mean, where do you start from if you do not know the legal name of the bank that you are banking with? It is important and in this article we will help you.

You should also know the website of your bank. This will always come in handy. Because through the website of your bank, you can access internet banking, you can access forms and majority of the information that you may need to make your banking life easier.

Also the customer care number of your bank is very important. There are times things may go wrong and you need to speak with your bank. You may have enquiry to make, knowing your bank’s customer care will help you a lot.

Find the list of banks in Nigeria with their website and phone number below.

Name Website Phone number

Access Bank Plc accessbankplc.com +23412802500

Citibank Nigeria Limited citigroup.com +23412798400

Diamond Bank Plc diamondbank.com +23414489830

Ecobank Nigeria Plc ecobank.com +2347005000000

Fidelity Bank Plc fidelitybank.ng +2349030005252

First Bank Of Nigeria LTD firstbanknigeria.com +2347080625000

First City Monument Bank Plc fcmb.com +23412798800

Guaranty Trust Bank Plc gtbank.com +23414480000

Heritage Banking Company LTD hbng.com +23412369000

Keystone Bank Limited keystonebankng +23470020003000

Polaris Bank Limited polarisbanklimited.com +2348069880000

Providus Bank Limited providusbank.com +23470077684387

Stanbic IBTC Bank Ltd stanbicibtcbank.com +23414222222

Standard Chartered Bank Nigeria Ltd sc.com/ng +23427046114

Sterling Bank Plc sterlingbankng.com +234144844815

SunTrust Bank Nigeria Limited suntrustng.com +2349087331440

Union Bank of Nigeria Plc unionbankng.com +23412716816

United Bank For Africa Plc ubagroup.com +23412808822

Unity Bank Plc unitybankng.com +2347080666000

Wema Bank Plc wemabank.com +2348039003700

Zenith Bank Plc zenithbank.com +234-1-2787000

20 Business Ideas That Can Generate Millions Monthly

Are you looking for business ideas to help you make extra income? Then we have you covered. There are valid reasons you should consider developing extra income channels. If you are working and you have spare time each day, then we have you convened in this article. If you have your weekend off and want to be productive then we have you covered with business ideas too. Or maybe you have extra money you want to put into use and make more money, keep reading.

Here are the top business ideas to make extra income.

BAKERY BUSINESS

It very eases to bake bread and cakes in a small area. You require a small amount of capital to start this business. You may decide to either bake at home or sell to the neighbours for a start  or get a small kiosk in the market or in town where you can sell. If you opt to start in a kiosk you must first seek permission from the relevant authorities and go through certain procedures to obtain a license for the business. If you are busy, you can tire someone to handle it for you.

CARWASH SERVICES

These days many people have their own cars and the demand for the services is high in every place, therefore, starting this kind of business will bring in a large profit. You should set up this kind of business at a bus terminal as many cars visit these areas.

FOOD JOINTS

You may also consider setting up this kind of business in your area and pricing the food a bit cheaper than others so as to attract more customers. This business will surely thrive as people cannot do work on a hungry stomach. The foods should be tasteful and of different variety to meet every customer need.

DRIVER

Drivers really earn a lot of money per day due to the increased number of people traveling every day to and from work. This acts a motivation to them as work will always be at the peak. If you have a car, you can register and do Uber at your free time or off days from work to multiply your income. If you want to take it further, you can put many cars in Uber and get drivers to drive. That is like having your own company and earning good!

FOOD DELIVERY

People have become lazy these days and companies have opted to hire people who could deliver foods to their customers to their homes. Approach food companies and stores, offer to help them deliver food. Get a motorbike and hire people or drive yourself.

HANDYMAN SERVICE

Manpower is required everywhere now in every specialization. Most people are needed in companies as delivery boys, to work in sites, to work as a typist and many other services.

GMAIL EXTENTION

You may decide to extend a business’s Gmail. This is helpful as the company’s feedback is provided, products advertised and the market is promoted.

WEDDING ORGANISER

This is among the easiest to start as many people these days don’t go to professionals as they charge highly. Therefore, people go to local but outstanding personnel to plan their weddings. To top it up, it is difficult for a wedding to be planned without a wedding planner.

BLOGGING

Creating a blog is another method one can use to generate income. Companies need to keep their customers and prospective customers up to date cannot do that without a platform. This job is therefore left to other persons who are paid highly for their services. If you are a novie in blogging, then make sure you read our guide: How to create a blog in less than 20 minutes

MEMBERSHIP WEBSITE

Once you discover you are passionate and knowledgeable at a particular subject, it is advisable to start a website as many people visit it to collect the information they need for that particular subject.

CREATING A COURSE

If you know any industry or business, you can easily create and sell on an online course that educates you on skillful ways of advertising and promoting the market. Read: How to make money creating and selling online course

CONTENT TRANSLATION

This refers to the translating of a company’s website, article, and documents for a pay. It requires one to have full knowledge of different and many languages.

LIFE COACHING

You can use your past experience or that of others to provide advice that will be useful to people and also ways of solving problems in the future or now.

FARMER MARKET

In these days, people have ventured greatly in farming activities and this can be an idea for you whereby you sell farm equipment and advice to these farmers.

EVENT ORGANISER

Organizing events such as birthdays, parties and other functions earn a lot because events are run several times with different people.

HEALTHY DRINKS

People these days are made aware of health drinks and are rare to find hence this will attract many people.

FLOWER SHOP

Love is mostly expressed by flowers and many people and therefore starting this business will have a large profit margin. Do you know how many people buy flowers? Just walk around premium residential areas and you will be amazed! that is a business opportunity! Especially if you offer your buyers after-sales-service.

PERSONAL TRAINER

You may decide to become a trainer of what you are passionate about or anything you have knowledge of for example being a gym trainer. So many people are becoming conscious of their health and well being.

INTERNET INFLUENCER

Being an internet fame can be an added advantage to many people as they may use their followers and viewers as the market for their products by advertising their products online.

FREELANCE WRITING

Majority of people have opted to start an online business of writing as one earns a lot within a few hours. One needs only to create an account and follow simple instructions given.

6 eCommerce Business Strategies to Learn from Leading eCommerce Tycoons

The majority of the global customer base today is shopping online. Retail eCommerce sales grew 27.6% worldwide to be worth $4.28 trillion in 2020. eCommerce business is undoubtedly a vast domain where there is always something new to learn. With that in mind, taking a look at the journey and eCommerce business strategies of some of the biggest eCommerce business tycoons is one of the best ways to imbibe valuable lessons. 

While every company undergoes a learning curve in running an online store, some of these tycoons have walked the treacherous path and built the best eCommerce companies in the world. These strategies can help you weather any kind of storm in this fast-growing industry.

1. Customer Obsession – Jeff Bezos (Amazon)

Amazon has dominated the eCommerce business landscape for quite a while now. The success of this eCommerce giant boils down to establishing and adhering to core values since inception. Jeff Bezos launched the company in 1995, intending to be Earth’s most customer-centric company — a principle that the brand has followed rigorously to date.

The result?

Amazon maintains a consistent 90% customer retention rate through tailor-made user experiences. Bezos obsesses over satisfying his customers beyond the textbook definition. You can use this strategy by putting the complete focus on your customers and building backwards. One such way is to be inventive about the benefits and products that you offer to your customers. 

2. Prioritize Company Culture – Tony Hsieh (Zappos)

Hsieh built a strong brand over a long period. He focused on establishing the right culture throughout the journey, which emphasized always hiring the right people. During the hiring process, the company goes to great lengths to ensure that the candidates are the right fit not just by their qualifications but also culturally. 

It is that simple. Hsieh figured out that people;

Don’t like the feeling that they have lost control, 

Need assurance that they are making progress, 

Love strong social ties, and 

Are motivated by the vision of being a part of something bigger than themselves.

Economists also observe that companies with happy employees earn 1.2 to 1.7% and more than their peer firms. Keeping these factors in mind makes Zappos a happy place with happy employees that inevitably translates to happy customers.

3. Tackle Problems as They Arise – Brent Bellm (BigCommerce)

According to Bellm, leadership in the eCommerce business realm is all about solving problems on the go. This includes pursuing opportunities when you see them. You should refrain from admiring, tolerating, or ignoring the issues at hand. Instead, face them head-on by leading with a driven problem-solving approach.

Similarly, you should take advantage of the opportunities and eCommerce business strategies. Set ambitious yet realistic goals like elevating sales, efficient merchant acquisition, and timely order fulfilment. A target-driven approach sets your eCommerce company for success. Bellm believes you see actual accomplishments when you hit the goal or get as close to it as humanly possible.

4. Humanize eCommerce – Hiroshi “Mickey” Mikitani (Rakuten)

Rakuten has grown exponentially since its initial years. Mickey, the founder of Rakuten, attributes this success to the personalized approach of the brand. Rakuten integrates people’s need for connection, even if it is through computer screens, for a rich shopping experience. The principle is that you should focus on delivering high-quality customer service and hospitality for a personalized approach.

Mickey wanted to create a baaar-like experience, where the small shop owners could curate their merchandise and interact with their customers. Rakuten works on a hybrid approach by combining humans plus algorithms to drive recommendations. As a result, customers are met with a pleasant experience when they liaise with the merchant for humanized recommendations.

5. Be Picky and Patient – Josh Silverman (Etsy)

This pertains to the merger and acquisition strategies followed by Etsy. Josh joined Etsy as CEO in 2017 and worked relentlessly to pace up the Gross Merchandise Value (GMV) and recover from the ballooning expenses. He built a house of brands by acquiring niche marketplaces that can add millions of GMV annually.

The acquisition strategies brought in vertical and geographic expansion in their portfolios. With DePop, the company taps into the Gen Z demographic, and Reverb assures a top spot in the trade of musical instruments. What’s more, Etsy acquired a Brazilian brand for handmade products, Elo7, furthering its geographical prowess. The takeaway is simply choosing the right online marketplace niches can make or break your eCommerce business.

6. Think Big and Never Give Up –  Jack Ma (Alibaba)

This list can not end without including this legend. Jack Ma is a cornucopia of lessons, be it the eCommerce business arena or life in general. Ma personifies the idea of hard work and quickly demonstrates the real-life outcomes of perseverance.

His early days were filled with challenges which he overcame by integrating experimentation and determination. His vision, even then, was to make Alibaba the number one eCommerce platform in the world. He secured huge investments and carried out the transformation of Alibaba’s IPO.

More importantly, Ma did not limit himself to Alibaba. He established Yunfeng Capital in 2010, which invested in several different sectors and industries. He imparted his guidance, wisdom, and ideas to push various companies in the right direction. You should insist on scaling your business online as eCommerce has a long way to go, and you can make the most of it. 

 

Summing Up

The leading eCommerce tycoons have paved the way for you. The bottom line of any business is to deliver results that satisfy the customers.

While there are many ways to go about it, some of the lessons to learn in eCommerce tycoons include: customizing user experience, teaching a winning company culture, finding solutions to obstacles, expanding tactfully, and above all, consistently being persistent.

It is time for budding eCommerce companies to take their efforts a notch to leverage the market opportunities. An intelligent approach would include strategically planning the growth of your online store and making minor changes to implement these ideas. Consistently testing and making positive changes can offer highly effective outcomes over time.

 

How to start investing in Bitcoin in Nigeria

 

Almost everyone have somehow heard of Bitcoin. Most people usually heard about it in passing but don’t know what it is. For some others, their question is if it is legal and how can they start, while for some others the question is what can they do with Bitcoin. In this article we will look at how to invest and make money from Bitcoin in Nigeria.

What is Bitcoin?

Bitcoin is simply digital money, meaning that unlike Naira or US Dollar that makes use of paper, Bitcoin is completely paperless. It was created with the intention of making it easier to move money from country to country, some even call it borderless money. Bitcoin, unlike regular currency (fiat), is not controlled by any single individual, organisation or government rather is controlled by Bitcoin users around the world.

Is Bitcoin Legal?

As to whether it is legal, in some countries it has been tagged as illegal although it is difficult to restrict people from using bitcoin. However, in Nigeria, there are no laws/policies against the use of cryptocurrencies. Bitcoin in Nigeria is 100% legal

What you can do with Bitcoin

Regarding what can you do with Bitcoin in Nigeria, a couple use cases are: using it as an investment vehicle to diversify your assets; trading by making gains off the price fluctuation just like forex trading. Bitcoin can also be used to transfer money across borders faster and cheaper.

How to invest in Bitcoin in Nigeria

On how to start investing in Bitcoin, it’s pretty easy. A couple years ago the reverse was the case but with platforms like Binance, investing in Bitcoin from Nigeria is seamless. Binance is the largest crypto exchange in the world with over 13 million users around the world.

You can start investing in Bitcoin with as low as N50 and can fund your account with either your debit or via bank transfer. All you need to do is Create an Account, Deposit Naira into your Wallet and then Buy Bitcoin.

Note: Due to CBN regulations, deposit via debit card is no temporary suspended, you can deposit and withdraw via P2P section of Binance, it is easy and fast. Once you sign up and verify your account, just go to the P2P section.

Follow these steps to invest in Bitcoin in Nigeria using Binance:

1. Creating an Account

Go to Binance.com and you will immediately see a signup form

Fill in your details, submit and verify your email via the link sent to your email

Go to ‘My Account’ and click on verify your identity

2. Depositing Naira in your wallet

Click on “Wallets”  in the website menu.

Then click on “Deposit.” On the next screen click on “Deposit Fiat”

Select naira from the currency Menu

You can choose the method you want to deposit. A debit card or bank transfer

Click on Continue

Enter the details of how much you want to deposit and click on ‘Pay’ or ‘Submit’ if you selected bank deposit.

For card payment enter your card details and click Pay. If you selected bank deposit make a transfer to the account details, ensure to include the ‘Deposit Reference Code’ in the transfer summary.

Once done your Binance account will be credited with the value you deposited.

Note: Due to CBN policy, use the below method to deposit naira

Depositing Naira in your wallet via P2P

Click on “Wallet” on the website menu and select “P2P”

Now you click on “P2P Trading”

On the next page, ensure you select “Buy”, in the fiat box, select “NGN” which is an abbreviation of Naira. You will get a warning of the risk, accept.

You will see different offers, select convenient offers with high completion rate.

Input the amount of Naira (NGN) you want to deposit.

Now, you will be taken to the completion page. You will see the account number of the trader. Make the payment to the account number using bank transfer.

Once you have made payment, click on Transferred, next.

As soon as the trader confirms the payment, the money will be deposited in the account.

Note: You will see the number of the trader right there, you can call them. Also know that for your safety, the trader account in Binance is frozen until trade is completed

3. Buying Bitcoin

Once your wallet is funded click on “Wallet” and then Fiat and Spot” in the menu

When the page loads Click on “Buy” beside bitcoin

In amount to spend, enter the amount you want to buy. Example: If you want to buy N5,000 worth of BTC, type 5,000 in the field.

Alternatively, you can switch to “amount to buy” using the double arrows to the right of that field. In this case, type in the amount of the asset you want to buy. Example: If you want to buy 0.5 BTC, type 0.5 in that field.

Confirm all the details.

Click “Buy”

You can check if you have been credited, by clicking on ‘Wallets’ in the menu.

Note: You can also use the P2P method to buy bitcoin directly

Automatically trade bitcoin and other cryptos very easily

If you do not have the time or you are not very knowledgeable to trade Bitcoin or any other cryptocurrency, the good news is that you can use a crypto trading bot. The trading bot will trade for you and make money for you even while you sleep.

The bots use different signals to trade. The best crypto trading bot is Cryptohopper.

First, you need to open a Binance account. Then follow the instruction above to deposit funds into your finance account. Once you have done that, sign up for a cryptohopper account. Then connect it to your Binance account. Set everything up.

That is all. The bots will automatically trade for you.

 

How To Make Money Online (Complete Guide)

We have dedicated this page to help you learn how to make money online. It is very important, because the world has changed. Everything now revolves around the internet. As a result of this, there are so many opportunities to make money online. So, if you want to learn how to make money online, stay in touch with this page because we will be adding more content regularly!

You can make  money online in the following ways:

1. Blogging 

If you are looking at how to make money online, then blogging is one of the most reliable ways. The amazing thing about blogging is that, you can be blogging about what you love, build audience, become expert in your field and make money even while you sleep!

Anyone can be a blogger! It doesn’t matter if you are young or old. It does not matter your area of focus. The internet is without border, you can reach any part of the world with your blog. Whatever you write about, you will find an audience for it.

Becoming a blogger is very easy. All you need is open a blog, write about topics you are good and passionate about. It is important to focus what you are good at. Connect your blog to social media like facebook, twitter and linkedin, share your contents there and you will get visitors. Keep building visitors and good content.

 

As you keep blogging, more and more people will get to notice and follow your blog. The bigger the audience you build, the bigger the potentials! So in summary, blogging is about connecting contents with people who needs it. Let your readers trust you. Research your content before publishing. If your readers trust you, they will keep coming and telling their friends about your blog.

Once you have had enough contents and many people reading your blog. You can look for reliable ways to make money from it. One of the most popular ways to make money from blogging is Google adsense.

Google adsense acts like a middle man for bloggers. They get adverts from many companies around the world. Then they show these adverts (ads) on various blogs. And pay each blogger depending on how many views, clicks or engagement the adverts generate on the blog. All you need is to go to google adsense and apply, if your blog is accepted, they will start displaying adverts on it. Then you can start making money even while you sleep.

Here is a famous photo of a blogger who received Adsense Check for $132,994.97 back in 2005!

Google Adsense check

This photo has inspired many bloggers. From then, till now, a lot has changed. People make far more these days. And you can receive your money straight into your bank account.

You can also make money from your blog through affiliate marketing. It is about referring your readers to products or services and if they buy, you get a commission. We will touch that along the way. Keep reading.

Sponsored posts is another way you can make money from your blog. Companies and different entities will want to put a post on your blog to reach your readers. They will mostly write the content, send to you and offer to pay you money to publish it. You can charger from $100 per post to over $1000 per post depending on how relevant your blog is.

Also, you will also get companies, individuals and even government organizations who wants to place direct advert on your blog. From there you negotiate a price with them and if you reach agreement, you make a deal. You can make from $200 to over $10000 from just one direct ads depending on the relevant of your blog and the advertiser.

One more way to make money from your blog is to develop your own product and sale on your blog.  You can write a book or an ebook, or any product that is related to what you write about. Then you sell it on your blog. A lot of bloggers are beginning to embrace this, because it puts them in control. They get 100% of everything!

If you are ready to start a blog, and wondering how to, we have got you covered. It will not take more than 20 minutes to start! Read this article: How to create a blog in less than 20 minutes

Blogging is definitely among the best options for how to make money online for beginners.

2. Freelancing

This one of the most underrated ways to make make money online. If you enjoy writing, or you love graphic design, editing, reading, browsing Facebook, posting on Instagram and so on. You can make money with those skills! There is no way you should be worried about how to make money online because you have the answer already, become a freelancer!

There are people all over the world looking for writers, graphic designers. Looking for people to proof-read their works, people to manage Facebook page. People to post on their Instagram account and so on! So why not put yourself out there and make some money?

The beauty of freelancing online is that you can even be on your bed, as long as you have your computer with you, you are working and making money. And you can be in your room and work for people in different part of the world! Freelancing is an international business.

I was shocked the other day while browsing through upwork and I saw a PhD holder doing freelance work. As at that point, she has earned over $100, 000 writing articles! You will also see people who have no educational background beyond reading and writing but skilled at graphic designs or other aspect making over $10, 000 a month doing freelance work online. There is no barrier as long as you are good at what you do.

A freelancer

You can freelance from the comfort of your home and make money

First thing you should do is pick what you are good at! Doing what you are good is important. Then take every job serious, so you gain good reviews. Negative reviews are bad. When you do a good job, you get good reviews, and with Good reviews, more employers will sort for you and you can charge more per task or per hour. So, if you are skilled in anyway and looking for how to make money online, consider this option!

You can find freelance work from the following webistes: Upwork, fiverr, Freelancer and more.

We have some tips for you if you are planning to go into freelancing. Read: How to make money as a freelancer online

If you are looking at how to make money online fast and how to make money online without any investment, then this is for you. All you need is your skill and there are opportunities across the web.

3. Affiliate marketing

When it comes to how to make money online, affiliate marketing is up there. Affiliate marketing has the ability to make you good  money, I mean big money. Affiliate marketing is simply about referring people to products and services, you get paid a commission if someone buys  or sign up through you. As simple as that.

The process is, you look for an affiliate network, sign up with them. Search for products or services that your friend or audience will like, then get a link and share it with your audience. If any of your audience ever click on the link and buys, you get a commission. Depending on what you choose to promote, commission could rise from, $20 to over $10, 000 per sale or sign up.

Affiliate marketing model

This is the model of Ebay partner network and basically how all affiliate network, works..

This is very good for bloggers. Because it gives you the opportunity to make money from your blog. Let’s assume your blog is about finance, you simply look for affiliate that relates to finance, promote it on your blog and posts, as your readers click on it and buy or sign up, you get paid! Make sure you only promote services and products that relates to your niche and will be beneficial for your readers. As a matter of fact, most bloggers use affiliate marketing as their primary method of making money from their blog ahead of Google adsense and the rest. This is very good and productive if your blog is in a good niche. There are niche that affiliate marketing might not necessarily thrive, niche like gossips, news.

If you have a big facebook page, twitter profile or Instagram page. You can sign up with an affiliate network, look for products that your followers will like and share on your page. As they buy or sign up, you get a commission. People do this for a living! Yes, I mean, people combine their love for social media with affiliate marketing to make good money. If you spend so much time on facebook, twitter, Instagram and the rest, why not consider making money from there too with affiliate marketing?

It does not matter what country you are, you can create a blog or social media page targeting a particular country and provide quality content on your chosen niche, then monetize it with affiliate links.

Why not head straight to popular affiliate networks to sign up and make money? They include: Comission junction, Linkshare, Amazon Affiliate network, Impact Radius, Ebay Partner network, Share a sale, Konga Affiliate, Jumia affiliate and others.

If you need further reading, we have an advice for you: How to make money through affiliate marketing

If you are looking at how to make money online free or how to make money online without paying anything then affiliate marketing is for you. But you have to be ready to work hard though.

4. Digital marketing

This is one area that has not been fully utilized by people to make money online. Digital marketing is simply online marketing. It involves the use of blogs, social media, search engines and every available internet tools to promote a business online. That is it, as easy as that!

 

If you are so serious about how to make money online then consider giving this a try, especially if you are in an environment where businesses don’t build their presence on the internet. All you need to do is develop a digital marketing plan, approach small businesses and big businesses around you, offer to create awareness for their brand online and bring in more customers for a fee or commission. Depending on what works for you.

Digital marketing

You can make money as a digital marketer online from the comfort of your home

Handling digital marketing for business should be in steps. First if the business has no presence on the internet, build a website for them. Follow same steps you create a blog. If it already has, work on search engine optimization(SEO) to make the website more visible when people search for relevant keyword of the business. Then build social media pages on Facebook, twitter, Linkedin and other relevant social medias. Do some content marketing. Content marketing is writing targeted contents to boost the image of a business. Don’t forget email marketing. Create email marketing account for the business, where they can contact their customers, you get customer’s email automatically to the email list from website as they visit. Invest in optimized ads.

Read more, learn more and grow as a digital marketer.

If you are looking at how to make money online as a marketer then this is for you.

You can read our guide: How to promote your business and find customers online free

5. Buying and selling websites or domain names

Buying and selling websites or domain names is another popular way to make money online. If you have ever tried to register a website, you will realize that nearly all the names are taken. If you check, most of those names are not yet developed into a website, they have been bought and parked by individual for sale. These people are known as domain brokers.

They think of ideas and keywords for websites that companies or wealthy individuals will need someday, they register these domain names. And sell it later for big money to the companies.

It really works because they make lots of money from it! In 2010, Carinsurance.com was sold for $49.7 million! in 2007 VacationRentals.com was sold for $35 million!

While these kind of big money is a one off, if you are good with predicting future trends, you can hit it this big! New inventions are coming, if you can see it before others, register a domain name for it! New industries will spring up, like bitcoin did, if you can forecast it, register a domain name for it. And when they become a hit, you never know how much you can sell it!

You can register domain names at NameCheap.com

Here is a list of the highest selling domains according to wikipedia.

Most expensive domains

You can also buy websites and sell them. This one requires good knowledge of what people want out there. All you need is go to Flippa.com, look for websites with potentials and low bidding or low buy it now. Buy them and resell them on same Flippa for a bigger money. People actually do this as full time job and are making money everyday flipping domains!

If you are looking for how to make money online flipping domains, this one is for you.

6. Video blogging on YouTube

This has to be among the best ways to make money online. If you fancy the camera, love talking, love the idea of being famous, not scared of so many people knowing about you  then you should not worry about how to make money online, get on Youtube!

All you need is to find a niche, an idea and make videos on them. You can decide to focus on make-up, football, movies, gossips, tutorials, politics, pets or anything at all you love! Just build an audience.

You can even upload music and videos that you have right to. Make compilation videos, comedy skits or anything at all that meets YouTube standard and upload! Understand your views. As more people watch your videos you stand a chance to make a fortune! This is a big industry and tens of thousands of people do this as full time job for a living and they are making big money!  Do you see those short videos you watch on YouTube and laugh uncontrollably? The owner of the YouTube channel is probably making thousands of dollars every month from it. You too can do it!

Video blogging

Video blogging on YouTube is a good way to make money online

People love videos! Humans love what they can see. These days, I like to think people watch more youtube than they watch traditional TV! With the Youtube Creator program you can learn, grow and make money.  You can make money from your Youtube Channel via Google adsense. Just integrate Google adsense with your channels and when people watch your videos, they will see ads. You can expect about $2 for every 1000 views. Now imagine having 2 million views on a video which is very easy when you become a guru! Checkout YouTube official guide: Learn how you can make money from Youtube from the official Google Youtube guide 

You can also make  money from your Youtube channel by advertising products that relates to your niche. Selling products yourself or even taking direct adverts!

Last year, Daniel Middleton made about $16.5m from his Youtube channel. This was very surprising because the year before, he was no where to be found on the top 10 earners!

This is definitely for you, if you are looking at how to make money online with videos.

If you want to really learn how to make money on YouTube, I recommend reading How to make money on YouTube (Complete Guide)

7. Become a Facebook partner.

If you do not know, you can actually become a Facebook partner and make good money from Facebook every month! Yes, understanding how to make money online with facebook is as easy as becoming their partner and providing contents. Facebook has a program called Facebook Audience Network Partner Program. 

If you are a video creator, a blogger or app devloper, facebook is willing to partner with you and create a mutually beneficial relationship where you make money from your Videos, articles and more while adding value to facebook.

The potentials of this is huge! Facebook is the biggest social network in the world with over 2 billion users! Imagine a partnership with them.

To apply for Facebook Audience Network Partner Program go here

If you are looking at how to make money online with Facebook, then  go for this

8. Sell online course

If you are very experienced or expert at a particular subject or skill, you can create a course online and sell it. You will make good money! There are so many people on the internet looking to learn new skills.

Whatever you are good at, whatever skills you master, you can teach people about it online and make good money.

A good course that you sell can earn you over $20, 000. That is when it is of top quality and people find it beneficial.

As you develop more courses and sell, you become a brand, and you may even get invited to different countries for training. It all begins with selling a course online!

To sell a course, go to Teachebale.com Udemy.com or Skillshare.com

Teachable statistics

Teacheable reports that over $100 million has been earned by instructors on its platform

If you are looking at how to make money online selling courses, this is for you.

9. Drop Shipping

Silently and gradually drop shipping is becoming the biggest way to make good money online. Drop shipping is easy and straight forward. You can make money even while you sleep. If you are really serious about how to make money online and ready to put in some work to establish something big with potential of massive returns, then this is it.

In drop shipping all you have to do is open an online store, go to big manufactures and suppliers such as Ali-express, Ebay and copy their products and items and put on your online shop. Promote your online shop for people to see. Once someone comes to your store and orders for the product, the item is shipped to them from the supplier and you get paid. As easy as that

If you open your online store with shopify, you will have the privileged to automatically copy products from Aliexpress, ebay and others into your store.

If you dont know how to create an online store, you will find this article very helpful: How to create online shop very easily with shopify

It has been reported that up to 30% of products sold online in 2017 was through drop-shipping.

Shopify dropshipping

Platform like shopify gives you the opportunity to excel as a drop shipper

Try this if you are looking for how o make money online daily, but first it will take lots of work to build the foundation to help you stabilize.

10. Completing Surveys

If you are looking for lazy way of how to make money online then this one is for you. All you have to do is answer few questions and earn money, recharge cards or gift items.

Research community use online survey to gather information to better their product. Research is very important for companies so they can know how best to channel and develop their product, that is why they pay people to get their opinion.

The money you will make here will be for past time. It is also possible to make good money as we have read some reviews. Anything is always possible.

The major obstacle is that, most online survey sites is restricted by countries.

For example, if you are in Africa, your best bet will be Ysense and SwitchedOn

PaidViewPoint is another option. They really pay! And you also get to refer friends and earn $25 when they withdraw. They are available worldwide.

Toluna is another popular and dependable online survey website you should try. They have many users and big clients. They are available almost in every country.

SurveySavvy is also a very renowned online survey website that actually pays. It is available world wide

PointsPrizes.com is a good option too. It is available to every country not just USA and top wealthy countries alone. With PointsPrizes, you can join and make money from anywhere in the world. Founded in 2016, they have over 1 million users. Apart from surveys, you can also make money watching videos and doing daily poll. Once you gathered enough points, you can decide to redeem cash or via bitcoin or gift cards.

List of Survey websites that accepts most worldwide participant include: Swagbucks, Global Test market, PrizeRebel.

If you are looking at how to make money online free then this one is surely for you but it may not make you rich, you never know though.

11. Online Trading

Warning: Please note that this is a very risky venture. You can lose all your capital. You may put in money and gain immediately and try again and lose it all. There is no guarantee, so proceed with caution.

Online trading is one of the long-standing ways of making money online. It has the capacity to turn out big returns if you are good at it but it is high risk. This is only for people who are not afraid of risk and who are using spare money to trade.

This involves trading online from Forex to Bitcoin and all forms of trading.

When it comes to online market trading, the number one choice is Deriv. One of the reasons it is preferred is because it has a copy trader, which allows you to see and copy the trading pattern of top successful traders. Another reason Etoro.com is preferred is because there are over 4.5 million users worldwide. That is a signal of strength.

This is for you if you are looking at how to make money online trading.

12. Social media

If you are a social media regular and you are wondering how to make money online, the solution is right there in front of you. Beyond posting, commenting and having fun on social media,  do you also know you can make money from Facebook, Instagram, Twitter, WhatsApp and the rest? While it is possible to make money directly on platform like Facebook through the Facebook Audience Network, it is also possible for you to make money from all social media through a carefully planned strategy.

For you to make money from social media. You need to have a strategy. It requires commitment and consistency. People are making good money from social media. There are two things you need, you need to build good follower-ship on social media and you need to be active in groups (pages) that relates to your area of interest.

Social media 

You can make money online from social media

You need to pick a niche that you will focus on your social media  and join groups and pages that relates to that niche. It could be fashion, gaming, cars and anything at all. But have a primary topic so people know you for this and brand can approach you directly, you never know.

Next step will involve deciding how you want to proceed to make money from social media accounts. There are many options for you.

Short-links: This one of the most dependable ways to make money on social media especially of you have many followers. This method is pretty easy! All you need to do is look for a link or story you want to share on your social media, go to one of the URL shorteners, put this link there and shorten it. Then copy the shorten link and share on social media. As people click on the link you make money. Let me explain, let’s say you see a news story on CNN website you want to share or a good fashion product or a link to breaking news, it could be anything , just go to the url shortener website, shorten the link, copy the shorten one and share. When people click to see the news or whatever you are sharing, you make money. Those news you read from social media, people are probably making money from it! You have to register with the companies that provides these services. Here are the best picks and you can click on them to go register and make money from social media: Ouo, LinkShrink, Adf, Shortest.

Affiliate Marketing: You can post products or services of companies that relates to your niche on your social media profiles and get paid each time someone makes a purchase through your link. If you are looking at how to make money online in a big way, this one has that potential depending on what product or services you promote. Some offer big commissions. You can find those companies easily via Affiliate networks like Cj.com, linkshare.com and more. Remember to read our guide on affiliate marketing.

Sell your product: You can choose to sell your own products if you have any. Market them on social media pages. If you do not have products, you can create an online shop, copy products from big suppliers and put in your online shop. Then post these products on your social media, whenever anyone orders, the supplier will ship to the buyer and you get paid. Don’t forget to read our guide how to create online shop easily with shopify.

Partner with brands: You can always approach brands for sponsorship or to place direct ads on your social media pages. Websites like Tapinfluence will give you opportunity to partner with brands.

Sell your social media accounts: You can decide to sell your social media accounts and make money. People do this a lot. Website like Viral Accounts will help you sell your accounts.

Certainly this one is for you if you are looking at how to make money online with your social media accounts.

13. Sell books/ebook online

If you love writing and you are searching for how to make money online, well, it is time you look at your writing skills again. You can make big money creating and selling ebook online! Ebooks are electronic books which can be read on computer and handheld devices. You can also decide to publish traditional books.

If you are confident of yourself and you have great story to tell, great concept to share or anything to add value, it might be time to create that ebook/book online and make money.

There are many success stories of those who have made it. One of them is a 26-years old who made millions of dollars from a single ebook.  She was living in poverty and struggling to survive until one day she set up a store in Amazon and decided to start writing. And she used her social media profiles and word of mouth to market the book. It turned out good, she was shocked by the outcome. Millions of dollars. You can read her story here.

To sell ebook online, you need to have a good idea, then publish and market them. You can use your social media pages and word of mouth to do the marketing. If you have a few penny to spare, run some Facebook or Google adsense ad.

Here are list of places you can publish your Ebook/books online and make money: Amazon Kindle, Lulu, CreateSpace and others.

 

14. Build websites

You can build websites for business and make money. A lot of business do not have online presence. You can offer to build them website for money. Thanks to technology, you do not need to know about coding to build website. Just to go ThemeForest, buy a theme, upload it on WordPress and customize it. You can even register a lifetime membership of MyThemeShop and have access to many themes you can use to build websites.

15. Teach your native language and any langue you are excellent at

If you are looking at how to make money online and you can speak your native language and any other language fluently, then you can make money online from that. You should also have a passion to teach and impact. Thanks to the internet, there are millions of people out there interested in learning different language. You can teach them and make money! Very easy!

Teaching online

You can teach online and make money

If you are interested, go to italki and register, teach and start earning. There are over 3 million people there waiting to learn.

16. Buy and sell Bitcoin on Quidax

Quidax is a platform that makes it easy for people to make money from Bitcoin and other cryptocurrency. The truth is that Bitcoin and other leading one of the best ways to make money online.

When Bitcoin suddenly became very popular, a lot of people were expecting it to phase out but after many years, Bitcoin is still doing very good. Many countries are now accepting Bitcoin. A lot of merchants and shops are accepting Bitcoin as a form of payment.

This can only mean that an investment in Bitcoin has the potential to make you reach. But the problem might be understanding how to trade and make money from it. That is where platforms like Quidax come in. All you have to do is Sign up with Quidax and you are on your way trading and making money.

You an read more on this: How to start investing in Bitcoin

In Conclusion:

Learning how to make money online is a continuous process even if you are making income already because new ways spring up everyday. You have to be up to date. Whatever direction you choose, make sure that you update yourself on a regular. There are many resources online like this page.

Secret Ways On How To Make Millions From Social Media

 Social Media is the trending thing world wide. From Nigeria to South Africa, India, United States, United Kingdom and all over the world, social media is playing a big part in the life of most people. People spend most of their days on social media. From chatting on Facebook to Tweeting on Twitter, Sharing pictures on Instagram or watching videos on YouTube, social networks have become an every day thing for billions of people.

While a lot people spend much time and energy having fun on social networks, there are other set of people who spend time making money from these social networks. In this article, we will show you how to make money on social media.

Note: If you have ever googled and looked for ways to make money on social networks, beware of websites asking you to pay money to join a program. Most of them are scams. All the ideas mentioned in this article are free. You can start trying them out today. In some cases, you may require a little knowledge. But with the internet, you can learn for free.

As at January 2019, there are about 3.48 billion social media users world wide. That means social media is like a large city. The largest city on earth. Think of it like a market or a city center, where over 3 billion people are gathered. With that huge number of people, you can make money. You can sell snacks, you can sell anything and you will find buyers. Such is the impact of large gathering of people on finance. Because of the number of people on social networks, they are like gold-mines. Let’s look at ways you can generate income from this cluster of people.

1. Become a social media marketer

This is one of the best ways to make money on social networks. Your job as a social media marketer is promoting of services, products and image of companies or individuals on different social media platforms in order to help them find leads or grow their brand.

This s a very lucrative job worldwide. You can even create a company that specialize in it. It is estimated by Payscale that people who work as social network marketers earn above $49,000 per year.

There are many companies, individuals and brands who needs help finding customers online, building their brand online and all of that. You can be their helper and smile to the bank as a result.

2.  Make money posting ads on social media

This is a very common way to make money on social networks. Anyone can make money on social networks posting ads.

Ads is simply the abbreviation for advertisements. To make money on social media posting ads is all about posting advertisements on your social network pages for money. There are many ways you can do that.

If you are a social media influencer, you will likely have brands reach-out to you to share their products or content on your platform and in exchange they pay you. You can also join platforms that find that connects you with advertisers who will pay you to post ads on your social network profiles. Such platforms include: Famebit,  Izea, Dealspotr, Ifluenz and many others.

Another way you can make money posting ads on social networks is by sharing news content with short links. If you share a lot of links, be it news, sports or whatever links you share, consider using a link shortener service to share.  Some of the shortener service will pay you for how many people that click on the link. They generate their income from showing ads with your link. Let’s say you are posting a news story on your social network profile from BBC. And you use the link shortener to shorten the link. When your followers click on the link, it will show them a little advert before redirecting them to BBC. That way you make money as people click and read. Example of link shorteners are: ADF and OUO

You can also make money by posting ads for your products and selling them. There are many customers you can reach and convert.

3. Affiliate marketing

Affiliate marketing is all about recommending products and services for commission. Depending on what you post about on your social network platforms, you can leverage and make money through affiliate marketing.

For example, if you share contents on your profile about fashion, you can sign up with a fashion company as an affiliate. You will include their link in your post. Whenever anyone clicks to buy, you get a percentage (Commission). Fashion is just an example, you can do same for phones, cars, whatever it is your profile is focused on.

If you are concerned about establishing contacts with these companies to promote their products or services, there is no need to worry. There are Affiliate marketing networks that you can join and you will have access to a lot of companies in different sectors to promote whatever you desire. Example of affiliate networks are: Commission Junction, Linkshare, Impact Radius, Amazon Affiliate, Jumia Affiliates, Konga Affiliates

You can start by writing reviews on your social network profiles about products and services and then leave a link where your followers can either buy the product or subscribe to the services.

4. Sell your product or services

If you have a skill, you can promote your own skills to your followers and you will be surprised at the number of people willing to patronize you. Do not just promote, package it well. Remember, presentation maters, how you present it to them will go a long way to determine how they react to it.

You can sell products too. If you have products you sell, leverage on your profile and drive more sales. A lady I know started selling bags on her Facebook profile where she has less than 3000 friends. In 4 days, her stock finished!

If you do not have products and do not want to stock products you can create an online shop with Shopify, copy inventories from big manufacturers and suppliers around the world into your online store. When people visit and order for products, the suppliers will send to them and you get your share!

5. Partnership program

Some of the social networks have a partnership program you can partake and make money. This works if you are a content creator. For example, if you love making videos, you can join the YouTube Partner Program and earn money doing what you love.

If you are a blogger, app developer or you make video content, you can join the Facebook Audience Network and make money with your passion.