Salary is never enough, especially in a hyperinflationary period like Nigeria’s. There is an endless search for ways to supplement one’s income as a salary earner, also known as a side hustle.
If you fall into this category or class of Nigerians looking for ways to supplement your salary or expenditure, relax and continue reading: ways to make extra money as a salary earner in Nigeria.
10 Ways to Earn Extra Money in Nigeria as a Salary Earner
In this article, I’ve presented experience-based, well-researched, and tried-and-true methods for earning extra money as a salary earner in Nigeria.
The ten methods listed below will undoubtedly lead you to additional sources of income as a salary earner in Nigeria:
1. Turn Your Hobbies into Money:
Certainly, there are things you naturally love doing even in your leisure time. My best hobbies are reading and writing, that is why you are reading from me. Although I make extra income through writing for this website, I write because I love doing this, even when I wasn’t doing it for money, I was still writing.
In that same manner, every individual has what he/she is naturally interested in, something that makes them tick even in their free time.
Make a conscious assessment of the things you love to do. If you are serious about it and be well-coordinated about it, it will generate some extra money to support you as a salary earner in Nigeria.
Therefore, look for a way to identify and monetize your hobbies and you will surely smile to the bank with extra money as a salary earner.
2. Farming
With the growing food shortest and insecurity in the country, farming is a promising sector in the Nigerian economy where you can make extra money as a salary earner in the country.
Depending on your location in the country: urban or rural area, you can make extra money through farming as a salary earner in Nigeria. You can choose between Poultry farming where you can produce chickens and eggs which are always in high demand both in urban and rural areas of the country.
Another area of farming one can venture into is horticulture, the production of crops, fruits, vegetables and flowers farming.
You can also explore other farming avenues like fish farming, snail farming, bees farming and many more. All these are types of farming that if diligently explored can generate extra money for you as a salary earner in Nigeria.
3. Buy and Sell
As a salary earner in Nigeria, you can make extra income by identifying the core or actual needs of your colleagues and meeting them. Ability to identify the needs of your coworkers and giving them an adequate supply of whatever goods they need is a step in progress. Your ability to meet those needs will surely put extra money in your pocket as a salary earner in Nigeria.
You can meet various needs by supplying items according to those needs. By helping your colleagues meet their needs, money will flow into your bank account.
However, you have to avoid giving your products on credit; people can be funny with money despite the fact that they collect a salary.
Nevertheless, office supplies have been a good money-spinner as my colleagues surely make extra money as salary earners meeting the need.
4. Write and Publish Books
You can make extra money as a salary earner in Nigeria by writing and publishing both traditional and eBooks.
Publishing books is one of the gainful ways of raising extra income to support your salary in Nigeria, especially if you are in academia.
Even though you are not, writing and publishing traditional or e-books can make good extra money for you as a salary earner in Nigeria.
Traditionally, you can submit your books to renowned publishing houses and if your work is good and you are lucky, you may win a book contract and earn royalties for life or as long as the contract lasts.
If you want to go the self-publishing way, you can publish e-books and sell them on amazon kindle. Although it takes time and you will go through deeps and curves, traditional publishing is the surest way of making passive income through royalties and contacts.
5. Trade Cryptocurrency
A lot of people are now directing their investment focus to Bitcoin trading. Although I’m not too conversant with this particular business venture, friends who are into it and have been trying to woo me say, it is one of the latest high-paying businesses one can do to make extra money as a salary earner in Nigeria.
That notwithstanding, my recommendation though, is subject to your personal findings on how to make money trading Bitcoin in Nigeria.
Most of the people who are into the business confess to having undergone training through experienced traders. You can follow suit before you venture into it, except you are good at learning stuff on your own which is achievable with help of information on the internet.
However, all things being equal, if you study and invest in Bitcoin the right way, you can earn yourself good money as a salary earner in Nigeria.
6. Become a Freelancer
Freelancing is one of the ways most people earn extra money as salary earners in Nigeria. Through freelancing additional income can drop in your bank account a regular basis depending on the number of projects you are able to deliver.
You can become a freelance writer, freelance photographer, freelance tutor, freelance web developer, freelance researcher, and many more. As you are able to find and deliver projects, good reviews, you will grow popular and a lot of money will begin to fall in.
7. Start a Blog
A blog is more a personal website where you share your interests and skills. With good writing skills, consistency and diligence, you can make extra money as a salary earner in Nigeria when readers around the world identify with your blogging ideas and become loyal readers.
Blogging is a top-notch platform anybody anywhere can make money. How much money you can make as a blogger depends on many factors, if you ever make money at all. The quality of your content, the consistency of your publication, and the stability of your personality serve as a determining factor for your success and your chances of earning extra money as a salary earner in Nigeria.
By blogging you can earn money through Google ad-sense, CPC and PPC ads on your site. You can also make earning when people or organizations approach you to place direct ads on your website.
Apart from gaining power by publishing your ideas, you will make passive income while doing what you love. Blogging can serve as a platform where you explore numerous available means of making money in today’s digital economy. As a matter of fact, blogging is practically the epicenter of every online money making activities.
8. Explore Other Online Money Making Opportunities
Apart from blogging, there are several other ways to make extra money online as a salary earner in Nigeria. You can choose from many online business opportunities depending on your interests, skills, and goals.
Affiliate marketing is among the most popular ways to make money online. If you are good at presentations, you can open a YouTube channel and sell your skills by teaching other people what you know. If you’re good at writing, you can go into blogging as I explained above.
There is virtually an online money-making avenue to virtually every skill, experience or interest you may have. Take time to explore them and venture into the one that is most suitable to you.
9. Social Media/Digital Marketing
You can make extra money in Nigeria as a salary earner by through social. Media or digital marketing. Digital marketing involves any kind of business or selling that takes place on the internet or that utilizing modern communication tools and techniques.
10. Overtime Hours Work
Putting in more time for overtime pay is another way you can make extra money as a salary earner in Nigeria. Although overtime pay often exceeds the normal workday pay, it is not too encouraging. However, the prevalent condition of the Nigerian economy makes it almost a necessity for most salary earners.