Profitable Business Ideas You Can Start With No Money In Nigeria & Earn In US Dollars

Find some of the most profitable online business ideas you can start with no money in Nigeria right now and earn in US dollars.

Business Ideas You Can Start With No Money In Nigeria

In the past, I share the top 3 online business ideas paying Nigeria entrepreneur up to $3500 with basic skills you need to succeed on the internet. While the businesses ideas mentioned in that post may require a sizeable amount of capital or little to get started, there are also key legal and high-profit businesses you can delve into with no money and still earn in US dollars. Besides, I started my own online business with no capital, grew it to where it is today and will be sharing the exact questions that helped me bootstrap faster.

The reason you need to answer these questions is because it does not only work but will also help find the perfect business idea so you don't spend an unnecessary time on what may not work.

Here are the core questions that will help you spot the best business idea to start now without capital:

  • What skill do I have now? This is the number one question you need to answer by listing out all your core skills and competencies. For instance, you could have great internet marketing skill, accounting and finance skill, coding and programming skill, web design and development skill, HR skill, investment skill, great food recipes,  ingredient mixing skill and so on. it could even be a combination of two or more complementary skills.
  • What business ideas you do have?  It's normal for us to have so many ideas on what we want to do. So, don't get confused if you have more than 10 great businesses you want to start as these tips will help get started easily without thinking of money as a major setback.
  • Now ask yourself, out of all the business ideas listed, what current skill do you have that can power one or more of these ideas in less than 24 hours without capital? This is the biggest gap most would-be entrepreneur miss. I see a lot of people coming to me requesting for advice on a specific idea they've got but when I access their skill, it actually looks so strange. For instance, I have a friend who doesn't understand coding or programming but want to create a bus ticket booking portal, how do you think that will be possible without capital?  Sure, he would need to hire a programmer to do the job, which is not bad, but what if he has the same skill? wouldn't it be faster and easier to start? My clear advice is, focus on ideas that are within your skill, or else learn a new skill that is relevant to your new business idea and run with it.  Let me use myself as an instance, as someone with great internet marketing skill, I can partner with foreign merchants via affiliate networks, promote their product and get paid on every successful sale.
  • The final checklist is for someone with two or more ideas that could be turned into a business with his current skill, compare the two ideas and pick which has most market size, wider audience and better commercial value.

Top Business Ideas You Can Start With No Money In Nigeria

After all these tips, here are some of the best businesses you can start now with no capital and still make money online:

Article Writing

This is one of the fastest growing low-cost business you can start in 24 hours, become popular online and earn a living from. Article writing involves writing unique contents or being a contributor to top online journals, niche or generally focused blogs while you earn per article submitted or published. Some magazines pay as high as $25-$100 for every article you post, but not without rules and guidelines.
Article writing involves writing unique contents or being a contributor to top online journals, niche or generally focused blogs while you earn per article submitted or published. It could be in business, politics, food, health, fitness, stories, etc. Some magazines pay as high as $25-$100 for every article you post, but not without rules and guidelines.
You can connect with Bamidele of writersincharge.com for more guide on how to find your first client and become a highly paid freelance writer.

Blogging

Blogging on a platform like blogger.com is completely free, you can create one in less than five minutes and start posting relevant articles on your niche. I started from blogger blog before migrating to WordPress which wasn't a difficult thing but here are my core advice if you want to make money faster on blogger blog:
  • Focus on a product niche blog
  • Register as an affiliate of a merchant in your niche
  • Drive traffic to the blog via SEO and build backlinks
  • Apply for Google Adsense ads for more revenue per click and page views.
  • Increase your blog brand on social media platforms

Affiliate Marketing

This is where I started by business from; worked closely with top international advertising networks like ClickBank, Commission Junction, PayDotCom etc, promoted top selling products by driving high-quality leads via content market and was paid for sales generated via my referral link.

One basic success secret of affiliate marketers is that they only sell what they know much about and have also used so that when they review and compare products against a similar product, it's much easier and faster.

While these are my top 3 online business ideas you can start with no money in Nigeria and earn in US dollars, you can as well tell us how you started your own business with or without capital, your comment might be what someone need to get started faster.