How To Make Money While Growing Your Business In Nigeria
Growing your business and making money at the same seems as though they are mutually exclusive but they are not. It is always a great thing to be your own boss, own your business, and be the one to call the shots. Growing your business and making it profitable can take time and the bills still need to be paid. The answers to questions like how to pay bills while starting a business might be under your nose.
There are some experts who believe that an entrepreneur should get a full-time job while building his or her business. If you are the kind of entrepreneur that has vowed never to return to corporate work, then this piece is meant for you. You may be asking and searching for how to make money while starting a business, there is nothing wrong with that. In fact, you should start always search for a second income.
Also read: How to solve the problem of startup growth in Nigeria
So, in this article, I shall provide you with ways to make money while growing your business in Nigeria. There are multiple side business ideas that you can venture if you are looking for how to live off your business. It is not always easy to make money while starting a business, anyone that tells you otherwise is probably not living on this planet with us. Before you set out to launch your business in Nigeria, ensure you have mapped out ways to make money while growing your business.
If you fail at this, your business will probably not last the year because there is a big chance that you will spend more than your business generates.
Here Are Some You Can Make Money While Growing Your Business In Nigeria
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You can become a freelance
Nowadays, there are multiple freelancing platforms that you can register and sell your skills for good money. Do you have skills in web design, Search Engine Optimization (SEO), content development, digital marketing, etc? You can make good money every month offering these services on platforms like Fiverr, Upwork, Freelancer, and a host of others.
If you are a good writer, don’t hide in your room, let people know what you do and stand the chance to make good money from it.
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Become a social media manager
Don’t just sit there; make money while growing your business in Nigeria by becoming a social media manager. Virtually everyone spends some time on social media these days. Whether it is Twitter, LinkedIn, Facebook, or Instagram, use them to generate money while you grow your business from scratch. Can you earn money for your efforts on social media? The answer is yes, so why aren’t you? This is a question that you need to answer for yourself.
As a young entrepreneur starting a business, it is important and vital for you to have multiple streams of income so that you allow your business to grow before starting to spend off it. Search for flexible job opportunities on Flexjobs, Careerbuilder, and Monster.com. One of the many advantages is that you get to interact with people that have been at your level and succeeded.
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Apply for work-from-home jobs
There are many companies and startups that offer mouthwatering opportunities for you to earn money while working from home. While you are growing your business, you can also make money from these work from home jobs.
Read: How to build an effective business team in Nigeria
Visit sites that have freelance customer support gigs and open your account to starting working and earning from the comfort of your home. Growing your business entails you must be very frugal in spending, especially from the income generated from the business. At the formation stage of your business, it more advisable to put in more money than you take out.
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Teach online courses
You must be very good at something, no matter how you might look at it. As an entrepreneur, you are always learning new skills, crafts, etc. You can package your knowledge in the form of a course and teach it online. Don’t be surprised, there are people out there looking for that your knowledge and are willing to pay you for it.
The only thing needed here is good and quality packaging of your service. You have to make it enticing and glamorous for people to be interested in it. So, you can see that there are lots of ways to make money while growing your business in Nigeria.
Conclusion
You need patience and a good strategy to make money while growing your business in Nigeria. Rome wasn’t built in a day, so take it easy and be intentional with your actions. You must be careful not to allow your business to suffer in your quest to make a side income. There is the need to strike a good balance if you want it to end well for you and your business.
