Are you tired of searching for legitimate ways to earn money from home without spending a dime?
Don’t worry, I understand your pain because I have been there.
With the rise of technology, there are now numerous opportunities to make money online from the comfort of your own home. However, it can be difficult to know where to start and which methods are actually worth your time.
In this article, we will explore 2 easy-proven ways to make money from home for free as it applies to you (Nigerians). We will provide you with practical tips and strategies to help you earn extra income without leaving your house. Whether you are a stay-at-home parent, a student, or simply looking for a side hustle, we’ve got you covered.
So, sit back, grab a cup of coffee, and let’s explore the free online money-making opportunities. Disclaimer: I know you probably don’t like reading long posts but read this one because your freedom is here.
The #1 Way to Make Money Online in 2024 (It’s Not What You Think)!
If you’re interested in making money, cryptocurrency (airdrops) might be the perfect opportunity for you. Airdrops are essentially a way of launching a new cryptocurrency by giving it away for free to early adopters. While this can be a time-consuming process, it can also be incredibly lucrative, with some people earning thousands of dollars in free cryptocurrency.
Before you continue, note that cryptocurrency is not evil neither is it the devil’s money as you have been lead to believe. It’s simply a means of exchange just like the Nigerian currency in your pocket right now or the USD you so much crave to make and have.
Key Takeaways
- Airdrops are a way of launching a new cryptocurrency by giving it away for free to early adopters.
- Airdrop hunting can be time-consuming, but also incredibly lucrative.
- Automating the process can help you make passive income with crypto airdrops.
The Concept of Airdrops
Airdrops are a popular method of launching new cryptocurrencies and distributing them fairly to the community. Airdrops became popular at the end of 2020 as a way to launch new tokens. They are a way to reward early adopters who start using a new application or chain before it has a cryptocurrency associated with it.
To be eligible for an airdrop, you have to use the application or chain before the launch of the token and meet the eligibility criteria. The eligibility criteria are determined by the project team, and if you meet the criteria, you can claim the tokens by clicking a button on the project’s website.
A popular example, is Notcoin. Notcoin distributed over $1 billion to those who participated by doing tasks and tapping their devices. Those who accumulated over 30,000,000 (it was easy but it took time) made over 1 million naira and not one person paid money to make this amount. It was all free!
If this was you and you are wise, this money is enough capital to fund and grow your business and your finances even while still doing more airdrops.
Airdrops can be a great way to start making money in crypto. However, it takes time, patience, and effort to find new projects that might airdrop a cryptocurrency and do their required tasks consistently – this is called airdrop hunting. There are an unbelievable amount of people that take this as a job in Nigeria and all over the world.
Some projects can take days, some months before payout day comes while others years. For instance, Notcoin took four months (January – April). Arkham took barely a day because all that was required was to sign up on the website. Zksync took over 1 year, 6 months. These three projects gave out tokens worth thousands of dollars to participants.
To find airdrop opportunities, it is best to join communities on WhatsApp, Telegram, Discord, or Twitter where those who have the experience feed the community with links to project they believe will do well. And these projects are usually found on Twitter.
To get with crypto airdrop in 2024, you have to do these:
- Download the Telegram app on your smartphone or visit the Telegram website on your computer. It is an advantage if you have multiple devices.
- Create a Telegram account by providing your phone number and verifying it with a code sent to you.
- Open a Twitter account as well (for crypto purposes).
- Once you have logged in to your Telegram account, join airdrop channels or groups that regularly share information about ongoing airdrops. Join this one
- Once you have joined a few airdrop channels or groups, you will start receiving notifications about new airdrops and how to participate in them.
- Read the instructions for each airdrop carefully, as they may require you to perform certain tasks such as following social media accounts, joining a Telegram group, or completing a KYC (Know Your Customer) process.
- Follow the instructions for each airdrop to claim your free tokens or coins.
- Be cautious and do your research before participating in any airdrop, as there are potential risks involved, such as scams or phishing attempts.
- Keep an eye on the airdrop channels or groups for updates and new opportunities to participate in airdrops.
To be eligible for an airdrop, you would need to do the primary features that the app or blockchain has, such as swapping tokens or providing liquidity to an automated market maker, or carrying out simple tasks such as tapping on your screen or following social media accounts. These activities would increase your likelihood of being eligible for the airdrop.
But most important, know this…
The amount you can make from participating in crypto airdrops varies widely and is not guaranteed. The emphasis is that “the amount is not guaranteed”. This is one of the reasons you need to be strategic with which of the airdrops you do and you must do other side hustles alongside if you don’t have anyone to feed you.
Some airdrops may offer a small amount of tokens or coins thereby making you a few dollars, while others may offer more significant rewards (life-changing).
Additionally, some airdrops may require you to hold the tokens for a certain period of time, meet specific conditions, or complete additional tasks to access the full value of the airdropped tokens.
Approach airdrops with caution and research each opportunity thoroughly to ensure they are legitimate and worth your time and effort. As with any form of cryptocurrency investment or participation, there are risks involved, and it’s essential to be aware of potential scams or fraudulent airdrops.
#2 Make Money as a Social Media Influencer in Nigeria
As of 2021, there were over 33 million active social media users in Nigeria, making it the largest social media market in Africa.
Social media has become a powerful tool for communication and has revolutionized the way people interact with each other. It has also created new opportunities for individuals to make money through various means, including becoming a social media influencer.
Becoming a social media influencer in Nigeria can be a lucrative career path for those who are willing to put in the time and effort because becoming an influencer is not easy and requires a lot of hard work. In order to be successful, you must have a clear understanding of the social media landscape in Nigeria, as well as the ability to create engaging and relevant content that resonates with your audience.
The most popular social media platforms in Nigeria are Facebook, Instagram, Twitter, and YouTube. Facebook is the most widely used social media platform in Nigeria, with over 27 million active users. Instagram is also gaining popularity, especially among young people, with over 12 million active users. Twitter is popular for news and political discussions, while YouTube is the go-to platform for video content.
The various ways you can make money as a social media influencer
1. Sponsored posts: Social media influencers in Nigeria can make between $100 and $500 per sponsored post, depending on their follower count and engagement rates.
2. Affiliate marketing: Influencers can earn a commission ranging from 5% to 20% of the sales they generate through their unique affiliate links, which can translate to significant earnings based on the products or services being promoted.
3. Brand collaborations: Compensation for brand collaborations can vary widely, with some influencers earning thousands of dollars for a single campaign, especially if they have a large and engaged following. The number we are looking at here is 50,000 upwards. If you have 50,000 followers on Instagram who engage with your content, you are a god. Guess what? I have a friend with just 3000+ followers on Instagram and she’s getting Brand collaborations
4. Event appearances: Influencers can charge appearance fees ranging from a few hundred dollars to several thousand dollars, depending on their popularity and demand. Folks like Tunde Ednut are on this table practically.
5. Selling digital products: Influencers can earn substantial income from selling digital products, with potential earnings ranging from a few hundred dollars to several thousand dollars, depending on the product and the size of their audience. You may not believe this but Emeka Nobis (check Facebook) made over $10,000 selling his digital course on, “how to blow on social media”. Chioma Ifeanyi-Eze (Check Facebook) makes millions of naira doing the same. These are people making this money practically and the best thing is that they share all of their strategies for free on their Timeline.
If you want more information, you can buy Emeka Nobis courses and apply them practically to your Facebook business. I guarantee you will grow exponentially.
6. Sponsored trips and experiences: Influencers can receive sponsorships for trips and experiences that can be valued at thousands of dollars, including accommodations, travel expenses, and additional compensation.
7. Merchandise sales: Depending on the popularity of the influencer and the demand for their branded merchandise, earnings can range from a few hundred dollars to tens of thousands of dollars.
8. Public speaking and workshops: Influencers can earn significant fees for speaking engagements and workshops, with some top influencers charging thousands of dollars for a single appearance. A good example is John Obidi. Check him out on Facebook and Instagram.
10. Ad revenue: Influencers with a large following on platforms like YouTube can earn substantial ad revenue, with top creators earning six or seven figures annually from ad monetization. This is why almost everyone except you has started creating videos. Recently, Facebook added Nigeria to the list of eligible countries for monetization.
How to Grow Your Facebook Following
I suggest focusing on Facebook for growing your following as it tends to offer easier growth compared to YouTube, LinkedIn, or Instagram. However, the value of having 100,000 followers or subscribers varies across each platform.
For example, YouTube generally commands greater value than Facebook and Instagram, while Instagram holds more value than Facebook. Additionally, Facebook generally holds more value than TikTok, despite TikTok being easier to grow. Here’s how to grow your following:
1. Post content that is interesting, relevant, and valuable to your target audience. This will encourage your current followers to engage with your posts and share them with their friends, expanding your reach. The hack you can use to achieve this is by spying on what’s working already, copying and improving.
For example, Aproko Doctor creates content in the health niche, if you are a medical practitioner and you want to create health content as well, simple study content Aproko Doctor has done, copy and do the same but make yours better.
If his content went viral then there’s a high chance that yours will go viral too even if you don’t have followers. Just post them as reels.
2. Visual content such as images and videos tend to perform better on Facebook. Use high-quality visuals to capture the attention of your audience and make your posts more shareable. Now you know why a whole lot of people are buying an iPhone.
If you have an iPhone that’s an advantage for you. Learn how to take quality pictures and videos and you are good to go.
3. Regularly posting content will keep your page active and in the minds of your followers. Consistency also helps with the Facebook algorithm, which favors active pages.
This is where most people are missing it. You can’t post content once a month and expect your Facebook following to increase. It cannot happen.
You must post at least once every day, or at least once or three times a week if you are creating high-end videos. Look at the videos of comedians like Carter Efe, you’ll see that he publishes one video per week, and that’s because he’s already established, with an audience readily available to consume his content.
But since you’re an upcoming creator, you must post every day for at least 6 months to gain traction fast.
4. Engage with your audience: Respond to comments, messages, and posts from your followers. This shows that you value their input and encourage them to continue engaging with your page.
5. Collaborate with other pages and influencers: Partnering with other pages and influencers in your niche can help you reach a new audience and gain more followers. This strategy is what celebrities use to gain followers fast.
A couple of years back, Tunde Ednut’s Instagram account was banned. He created another account and within days he had thousands of followers. It is true that his preexisting followers immediately followed him when he created the new account, but what you don’t know is that he reached out to all his celebrity colleagues and influencers to promote his new page and when they did, he had an immediate account followership boost.
This strategy might not be easy for you, but you can pull it off if you study what your potential collaborator needs. Then, try to meet their needs while asking for a promotion.
6. Use Facebook Insights in your professional dashboard to track the performance of your posts and understand what type of content your audience likes. Then simply create more of such content.
She Grew a Faceless Facebook Page to 60k Followers in 2 Months: An Interview
“Today, you’re going to meet Marilene. She’s one of my subscribers who applied the techniques from my training to grow a faceless Facebook page from zero to over 60,000 followers in just two months. Today, we’re going to break down exactly how she did it and how she can take her Facebook page to the next level. Let’s go!
Interviewer: Darlene, thank you for being on the channel. One of the things I wanted to know is why you decided to build this faceless Facebook page and what’s the story behind it?”
Marilene: “The reason behind the creation of this page is because I’ve always been fascinated by the science behind the body, how it works, and how we can treat small ailments to improve overall health. My biggest inspiration is my mom, who’s often ill. I used to follow a doctor on social media whose communication style and knowledge impressed me.”
Interviewer: “How long ago did you build this page, and what are your goals with it?”
Marilene: “This page is really new; I opened it around mid-January. The goal is to create my own content based on facts and my studies. The main aim is to grow using my own videos and content in the future.”
Interviewer: “So, the goal is to transition from a faceless page to featuring your own content in this specific niche. Okay, let’s go through what you’ve been doing. I’m going to share my screen and give you some tips on what you need to fix to improve this page and reach your goals over the next couple of months.”
Interviewer: “Okay, so this is a Spanish page with 60,000 followers. Have you ever run any Facebook ads for this page?”
Marilene: “I think I’ve run two or three. I spent about $30 in total.”
Interviewer: “How did you acquire 60,000 followers? What strategies did you use?”
Marilene: “I posted reel videos about three to four times a day for 30 days and started adding my own content, like recipes for healthy snacks and immune-boosting juices.”
Interviewer: “It seems you’re using third-party footage from this doctor’s videos. Are you editing these videos yourself?”
Marilene: “Yes, I use CapCut to edit them.”
Interviewer: “Are these photos you’re using also made by you?”
Marilene: “Yes, I create them myself using Canva and AI.”
Interviewer: “If you want to continue with this faceless Facebook page, you need to restructure the videos to make them unique. Simply adding captions isn’t enough; you need to create something original.”
Interviewer: “If you transition to a personal brand, you can start with reaction videos to these doctor’s videos. Over time, you can include more of your own content and eventually feature yourself on camera.”
Interviewer: “If you continue using only the doctor’s videos, it’ll be difficult to monetize this page because it won’t be seen as original content by Facebook.”
Interviewer: “If you want to grow, consider shifting towards videos and reels with your own content. This will help differentiate your page and build a personal brand.”
Interviewer: “Does that make sense to you?”
Marilene: “Yes, it does.”
Interviewer: “Great. If you have any more questions about your page, let me know.”
Another Facebook growth hack
Create a Facebook page using the name of a popular celebrity: actors, actresses, football stars, etc.
For instance, create a Wizkid or a Ronaldo fan page. Note: you’re not trying to impersonate the celebrity hence you must add a piece of extra information to their name. E.g. Wizkid fan page or Ronaldo News or Davido Lovers.
On these pages, you can talk about the following things:
- Rather than creating a page pretending to be the celebrity, you can create fan pages dedicated to discussing and celebrating the work and achievements of the celebrity. This allows fans to come together to share their admiration and support for the celebrity without misrepresenting themselves as the actual celebrity.
- Another option is to create a tribute page that pays homage to the celebrity’s contributions and impact. This can include sharing memorable moments, quotes, and significant achievements of the celebrity while making it clear that the page is a tribute and not an official representation of the celebrity.
- You can also create community pages that focus on a specific aspect of the celebrity’s career, such as a particular movie, TV show, or sports team. This allows fans to connect and engage in discussions related to the celebrity’s work within a specific context.
Note: The way you build your following usually determines the worth of your page and how much you can make from it.
If I painstakingly build my own brand on Facebook using my own name, content, and ideas, in the long run, I’d make more money and have more influence than you if your Facebook page is talking about Geneive.
Well, some people use the strategy to grow their following to thousands very fast, then they delete all the content and start creating their personal content afresh knowing fully well that they already have an audience.
#3 Think Longterm
Thinking long-term financially is crucial when considering any business or investment opportunity. This is one of the reasons, the rich keep getting richer and the poor keep getting poorer (short-term thinking).
Now you’ve made some money from cryptocurrency airdrops and/or as a Facebook influencer, now what?
Do you want to blow all the money away?
Do you even know how to build and sustain wealth?
Besides looking for a day’s bread, have you ever thought of building generational wealth?
Well, I won’t go into too much detail here because this one deserves to be in a whole book. So I suggest that after reading this, go and buy books on these topics. When you’re done reading the books, go on YouTube to watch videos on the topic as well. This whole thing would be easier for you to digest when you’ve read the books (resource materials).
Investing in Your Future
Investing is a cornerstone of financial growth, enabling individuals to multiply their wealth over time. Whether you’re interested in traditional avenues like the stock market or exploring newer options like cryptocurrency, understanding the basics is crucial.
- Stock Market: Investing in stocks offers potential returns as companies grow and generate profits. Before investing in stocks, it’s essential to educate yourself about the stock market, understand how it works, and research the companies you are interested in. Consider factors such as the company’s financial health, industry trends, and potential for growth. Building a diversified portfolio can help mitigate risk. Consider investing in a mix of stocks across different industries and sectors to spread out risk and potentially enhance returns. Investing in the stock market is often best approached with a long-term perspective. While short-term fluctuations are common, historically, the stock market has shown long-term growth. Patience and a focus on the long term can be beneficial. Utilize user-friendly online brokerage platforms to trade stocks. These platforms provide access to a wide range of investment options and tools for research and analysis. In Nigeria, try the Bamboo app.
- Cryptocurrency: The digital currency market has revolutionized investing. With cryptocurrencies like Bitcoin and Ethereum gaining mainstream acceptance, online trading platforms allow users to buy, sell, and trade digital assets. Cryptocurrency investments can be highly volatile. It’s crucial to manage risk by diversifying your cryptocurrency holdings and investing only what you can afford to lose. Due to the digital nature of cryptocurrencies, security is paramount. Use reputable cryptocurrency exchanges and consider storing your digital assets in secure wallets to protect against potential cyber threats. The cryptocurrency market is constantly evolving. Stay informed about market trends, regulatory developments, and technological advancements in the cryptocurrency space to make informed investment decisions. Be mindful of the regulatory landscape surrounding cryptocurrencies in your region. Stay informed about any legal or regulatory changes that may impact your investments.
“The stock market really isn’t a gamble, as long as you pick good companies that you think will do well, and not just because of the stock price.” – Peter Lynch
“Every informed person needs to know about Bitcoin because it might be one of the world’s most important developments.” —Leon Luow, Nobel Peace Prize nominee.
“Bitcoin is the most important invention in the history of the world since the Internet.”—Roger Ver, Bitcoin angel investor, and evangelist.
Building Passive Income Streams
Passive income is income generated with minimal effort or ongoing work. Online opportunities abound for creating passive income streams that can supplement your earnings or even become your primary source of income.
- Real Estate Investing: Online platforms have indeed democratized real estate investing, allowing individuals to participate in property investments with smaller amounts. Real estate crowdfunding platforms pool funds from multiple investors to finance real estate projects, providing opportunities for individuals to invest in properties without the need for large capital outlays. Another avenue for real estate investment is through Real Estate Investment Trusts (REITs). These investment vehicles allow individuals to invest in a diversified portfolio of real estate assets, often with lower capital requirements compared to direct property ownership.
- High-Yield Savings: Online banks frequently offer higher interest rates on savings accounts compared to traditional brick-and-mortar banks. This is due to their lower operating costs, allowing them to pass on the benefits to savers in the form of higher interest rates. High-yield savings accounts provide an opportunity for individuals to earn passive income through interest accrual on their savings. Funds deposited in high-yield savings accounts offered by online banks are typically FDIC-insured, providing a level of security for savers. This insurance coverage protects deposits up to the maximum allowed by law, offering peace of mind to savers.
“Buying real estate is not only the best way, the quickest way, the safest way, but the only way to become wealthy.” – Marshall Field
Financial Planning and Wealth Management
Financial planning is essential for both short-term stability and long-term prosperity. It involves managing your finances, investing wisely, and planning for future goals such as retirement.
- Retirement Planning: Utilize online retirement calculators to estimate savings goals and understand the amount needed for a comfortable retirement. These tools can help individuals assess their current financial situation, set realistic retirement savings targets, and make informed decisions about their retirement planning. Understand the various investment options available for retirement savings, such as individual retirement accounts (IRAs) and employer-sponsored 401(k) plans. Online resources provide information on different investment vehicles, including stocks, bonds, mutual funds, and exchange-traded funds (ETFs), helping individuals make informed decisions about their retirement investments.
- Wealth Management: Efficiently managing wealth involves diversifying investments, monitoring performance, and adjusting strategies to align with financial goals. Diversifying investments across different asset classes and sectors is essential for effective wealth management. Online platforms and investment tools can help individuals monitor and adjust their investment portfolios to ensure proper diversification and asset allocation, aligning with their financial goals and risk tolerance.
Entrepreneurship and Online Trading
Entrepreneurship thrives in the digital space, offering avenues to build scalable businesses and generate income online.
- Online Trading: Beyond stocks and cryptocurrencies, online trading encompasses forex (foreign exchange), commodities, and derivatives. Platforms provide tools for analyzing markets and executing trades from anywhere. Forex trading involves speculating on the value of one currency relative to another, and it provides opportunities for traders to profit from fluctuations in exchange rates. Online trading platforms also facilitate trading in commodities such as gold, oil, and agricultural products, as well as derivatives like futures and options.
- Income Streams: Diversifying income streams online can include affiliate marketing, creating digital products, offering online courses, or freelancing in specialized fields. Affiliate marketing involves promoting products or services and earning a commission for each sale or lead generated through the affiliate’s marketing efforts. Online platforms and networks provide opportunities for individuals to participate in affiliate marketing programs and earn passive income through referrals and conversions. You can merge this category with Facebook audience building etc.
Maximizing Economic Opportunities
Seizing economic opportunities online requires staying informed and proactive about emerging trends and technologies.
- Money Management: Effective money management involves budgeting, tracking expenses, and prioritizing savings to achieve financial goals. Mastering money management is the cornerstone of financial success.
- Personal Finance: Understanding personal finance basics such as budgeting, saving, and managing debt empowers individuals to make informed financial decisions.
Conclusion
Making money online for free is within reach for anyone willing to invest time, effort, and sometimes a small initial investment.
Whether through investing in stocks and cryptocurrencies, building passive income streams like high-yield savings or real estate, or embracing entrepreneurship and online trading, the Internet offers diverse pathways to financial success.
When you incorporate sound financial planning, manage wealth effectively, and explore various income streams, you can navigate economic opportunities and build a secure financial future.
Incorporate these strategies wisely, align them with your financial goals, and leverage the power of the Internet to achieve financial independence and prosperity. Good luck!