5 Online Business Ideas to Boost Cashflow Amid Fuel Price Hike
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Lists - July 21, 2023

5 Online Business Ideas to Boost Cashflow Amid Fuel Price Hike

The relentless surge in fuel price has made it crucial for Nigerians to take advantage of online business ideas to boost their cash flow and navigate through these tough times.

This is because the internet offers a realm of opportunities, that allow you to harness your talents, creativity, and entrepreneurial spirit.

Without further ado, we present you five online business ideas to help alleviate financial burdens amid the fuel price hike. 

Freelance writing or editing

This online business does not require capital to start. All you need is a good phone or Laptop. If you are a good writer or editor, you can offer your services to businesses and individuals who need help with their content from the corner of your home.

You don’t need to bother about transporting from one location to another. To get started, you can visit websites like Upwork, and Fiverr for writing or editing gigs. Or you can let your network know that you are available for writing and editing gigs.

Once you start getting deals, you can focus on building a personal brand in a niche and begin to market yourself on social media handles.

Drop shipping

Drop shipping is a low-cost way to start an online business. This is because you don’t need to invest in stocking up the products in your store. What you need to invest in, is marketing. 

Once you effectively market your products online, using pictures and videos. You will be able to attract the right customers. So, when a customer places an order, locate a third-party supplier that you can purchase it from and ensure that the product is shipped directly to the customer. 

Content creation on social media

Entrepreneurs like Bobby Egemba, popularly known as Aproko Doctor and Kiekie have used their talents to create content that depicts the every day of Nigerians. They have also proffered solutions to some of the critical challenges bedevilling the Nigerian populace.

They are leveraging the power of social media to reach a larger audience. From Facebook, YouTube, and Instagram to Twitter, these individuals have generated influence and significant fortune through their content.

So as much as you celebrate them and enjoy their content, it is time for you to take advantage of this online business in the fuel price hike era. Discover your area of interest and start immediately. 

Digital or affiliate marketing

Digital marketers use various computerized channels to advertise a company’s goods and services to potential customers. While affiliate marketing is promoting other people’s products or services and earning a commission for each sale that you generate.

Digital marketers like Tiwa Oluwa Olanubi TJ Dotts, founder of Dotts Media House, Abraham David, and Tessy Banks have helped businesses generate huge revenues.

A good place to start is by building a good brand on social media. Also, increase your followership by generating valuable content.

App and web development business

Almost every business needs a website and an app. This need has created a market for app and web developers. So, if you are a creative digital professional who loves to design a website’s layout, visual theme, font set and color palette, freelance website design may be a good path for you. 

Also, if you have a great new idea for an app and know how to code, consider creating an app. These online businesses can help reduce the harsh effect of fuel prices.

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