Written by The reason why most Africans are below the property level is because of the low standard of side income. An average Nigeria earns within the range of 100k to 300k a month and yet not up to 30% have reached the pinnacle of wealth.
All we see every day is a poor economic status.
Today I will be educating you on basic side income gigs that can lift stagnation to abundance.
Read More; How to Make a Living in Nigeria with Daily Income Business Strategies
Dedicate to Positive Social Influence
It is one thing to be positive another to be influential and yet another to be social and become viral. Positivity, influence, and fame are the three compilations that must be achieved along if you want to succeed exceedingly in life.
Social media is a gold mine; you can start with simple positive impacting contents, strive on with a fan page and thrive on the journey with consistency. Endeavor creativity, share your works with fans, and when necessary host live streams to engage your followers.
Guess what?
Some of your fans might have resources you may need to advance some of your projects when necessary.
Invest in Social Networks
Investing on social networks could be lucrative and productive. Managing a blog, page, e-commerce, and review website could be a profitable career prospect.
Demonstrate your Integrity in Charity
Giving to charity does not really mean you have to accumulate enough wealth before giving out. Participating willfully in charity can establish your core of integrity to the society building a bond of impacts in the lives of people and creating affection and attractions from others.
Persist In the Storm
Finally, stay focused during seasons of storms, refuse to be distracted, and persist. Always hid to the possibility between your ambitions and destination. Avoid complications and remain disciplined.
The Power of the Side Hustle: How Nigerian Students Are Making It Work
While Nigeria’s economy is set to see growth in the year ahead, it’s important to remember that many Nigerians aren’t prepared to succeed in such an environment.
For example, 70% of Nigerian graduates don’t have the skills necessary to find a job, and the youth unemployment rate has increased from 12% in 2016 to 15% in 2017.
Luckily, some students are finding workarounds through their side hustles – and they’re teaching others how to do the same!
A Brief History Of The Side Hustle
Many people look at entrepreneurship as a way to get rich quick. However, nothing can be further from that than starting a side hustle.
The first use of that term was coined by Robert Allen in his book Multiple Streams Of Income which was published in 1999. In it, he talks about creating multiple streams of income for yourself, instead relying on just one paycheck or another type of recurring income.
His reasoning was to diversify your risk and hedge against uncertain economic times by having more than one source generating cash flow.
Although some will argue that we’re living in an era where you don’t need to have more than one source of income, I still think it’s important to have a secondary source of income (at least) because you never know when things might go south.
When you have two sources of income, you can always cut back on your primary stream if necessary.
For example, let’s say you work full-time as an engineer but decide to start an online business after work hours – if things don’t go well with your new business venture, then at least you still have your engineering job so that you won’t starve.
A Few Common Types Of Side Gigs
You’re not going to make a living from one side gig, but you might earn enough to cover that one last expense that’s driving you crazy or pay off your debt quicker.
So how do you get started? There are three main types of side gigs, and they all come with their own benefits and drawbacks.
There are also some pretty distinct differences between them when it comes to ease of use and profit potential, so it’s good to figure out what kind works best for you before diving in.
Here are some examples of common side gigs, and where to find more information about each one.
1] Freelance Writing/Editing
Freelance writing is probably one of the most popular kinds of online work—and for good reason! If you have expertise in any niche (especially an industry that pays well), there’s a good chance someone will be willing to pay you to write articles on topics like 10 Tips For Saving Money While Traveling Abroad or 3 Reasons Why I Love To Ski In The Winter. The downside is that competition can be fierce, especially if you’re just starting out.
2] Things To Consider Before Taking On A Gig
Deciding whether or not to take on a side hustle is more than a matter of money. You need to assess how it might affect your existing responsibilities, social life, and other obligations.
Talk it over with family members, friends, and other people in your life who you trust—if their opinions are divided or if they’re all opposed to it, rethink taking on a side hustle.
Don’t assume that everyone will be fine with you taking on another project. And never take on a gig without understanding exactly what you’ll be doing and when you’ll get paid. Having clear expectations from day one can help prevent misunderstandings down the road.
3] Things To Know About Earning Money On The Internet
The term side hustle has become a sort of catchall for work you do to earn income on your own schedule, outside of your regular job. This can include everything from babysitting and tutoring to pet sitting and starting a small business on Etsy.
Earning extra cash through side hustles is a great way to grow wealth slowly over time and create additional income that can serve as an emergency fund or even eventually replace your full-time job.
So what’s it take to start earning money online? And how do you get started building a side hustle? The answer might surprise you. If you’re interested in learning more about making money on your own terms, then check out our free eBook today!
You’ll learn tips and strategies that will help you decide if working for yourself is right for you, plus receive access to five step-by-step guides (that take less than 10 minutes each) so you can get started immediately.
Most people have no idea how they could ever quit their day jobs and work for themselves. However, there are ways to make some quick cash while working a part time job – such as waiting tables at night – which will help build up some financial security before leaving your current position completely.
Working towards creating multiple streams of income will also put you in a much better position when it comes time to make that leap into self employment.
4] Tips For Getting Started With A Social Media Job
Start with Facebook, LinkedIn, and Twitter. You’ll want to build a personal brand using your name, but don’t worry about people searching for you (few will). Start with a profile picture that reflects you—maybe it’s your face, maybe it’s your business logo.
Add a short bio that tells people what you do and how they can find you (your website address is fine). Make sure to fill out your about me section so that other users have some idea who you are.
If possible, add links to articles you’ve written on LinkedIn or elsewhere online; if not, make sure there are links in your Twitter bio for articles related to your field. This helps others quickly see that you know what you’re talking about. Then start following relevant companies and individuals on each platform.
4] What To Do When Your First Job Offer Doesn’t Pay Enough
Take time to consider their offer carefully before accepting. Even though it might be tempting to accept right away, remember that any job offer should be considered an opportunity rather than a done deal.
Take time to think through all of your options before making a decision – especially when money is involved!
Be open with your potential employer by letting them know why their offer isn’t quite enough yet and ask if they’d be willing to negotiate further compensation in order for you to accept their job offer immediately instead of waiting until another company offers more money later down the road?
