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Tips - August 26, 2022

5 Ways to Get Paid in Dollars in Nigeria

With the devaluation of the naira and the high inflation rate, people are looking for better ways to work and get paid in dollars in Nigeria. The situation is further worsened by the imbalance between the cost of living and the minimum income earned by an average Nigerian.

Earning dollars every month is better than the naira when converted to the Nigerian currency. It is also considered the best income stream as most are based on hourly deliverables, which allows one to get involved in multiple tasks. Consider these jobs if you want to earn in dollars.

You can get paid in dollars in Nigeria by monetising your social media platform

Social media platforms such as YouTube, Instagram, and Tiktok allow you to monetise your content once you attain a particular number of subscribers.

For instance, on Youtube, you must be consistent with your content and have one thousand subscribers and 4,000 watch hours. Once attained and given access, you can use the Google ads connected to your domiciliary account to earn dollars. This, however, depends on views, so make sure to have good traction.

Trading on forex is a viable way for you to get paid in dollars in Nigeria

Although forex has its risk factor, it is one of the ways of making money in Nigeria if you understand how to trade. It is a global marketplace for trading currencies. Since a small bid-ask price can add up to a significant profit or loss, it is best to trade carefully and apply risk management methods.

Though forex might be a feasible way of getting dollars, make sure you understand it and some of its terminology, such as pip, base currency, ask price, and spread, before starting.

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Monetise your writing skills on Amazon and get paid in dollars in Nigeria

Amazon is an eCommerce platform you can leverage to earn dollars, especially if you are a writer. This is powered by Amazon’s market-leading Kindle e-book readers.

To start earning, you must sign up on the Amazon seller app platform as a seller. It is also user-friendly for people not in Nigeria.

Most freelancers get paid in dollars in Nigeria 

Although to some people, it is a form of side gig, it can also serve as the primary source of income. It is further made more accessible with some freelancing platforms such as Upwork and Fiverr. These platforms connect professionals with people in need of their skills.

This can be within or outside the shores of one’s resident country. Once a job is completed, you are paid in dollars.

You can also earn dollars if you work for a company that is not based in Nigeria while you reside in Nigeria.

You can get paid in dollars in Nigeria by being an affiliate marketer

As an affiliate marketer, you can earn dollars. This involves you promoting people’s products and businesses. In return, you get paid. It involves you sharing the links on your social media.

The higher the traction you generate, the higher the dollars you earn. The best part is that you do not need any previous knowledge to start. You act as the middleman between the advertiser and the affiliates.

This is based on products and agreements. So negotiate in your favour.

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