Due to the recent rise of the dollar in Nigeria, many people find it interesting to earn in dollars. If you’re looking for how to earn dollars in Nigeria, the answer is on this blog. Everyone is now investing to earn in dollars and you can be part of it.
The value of N50,000 from June 2023 backwards is between N20,000 and N25,000 as of October 2023. This is due to the dollar increase, and it’s not the end. The Nigerian economy is falling, and if you keep earning in dollars, it will affect you. As you continue reading, I will show you how to earn in dollars in Nigeria.
How to Earn in Dollars in Nigeria
There are different ways to earn dollars in Nigeria. It’s up to you to select the business in which you would be able to participate. Once you start earning in dollars, you won’t need to worry much about the rise of the dollar.
Remember, it’s not that easy, but you will smile at the end. This step-by-step guide on how to earn in dollars in Nigeria is what you need. The ways to earn dollars as a Nigerian are:
Not many people are conversant with how the internet works. But I must start with this at the moment. The key knowledge needed in blogging is to know how to write good, quality content. Once you know this, you’re good to go.
Another requirement is finance. You need money to purchase a domain, hosting and SSL. Once you launch your blog and start attracting readers, you can apply to partner with different ad companies. Some of the companies are Google AdSense, Mgid, Adsterra, Taboola, etcetera.
These companies pay in dollars. It might not be that easy. But remember that blogging is a long-term investment. If you’re fast enough, it could take you 3 to 5 months to earn a good amount. Sometimes it can take years. It depends on your performance and competitiveness.
If you need more guidance on this, simply use the WhatsApp contact below and get in touch with the author of this content.
2. Savings in a domiciliary account
If you have a huge amount in your bank account, I recommend you move it to a domiciliary account. Yes. If you’re not making use of the money yet, create a domiciliary account and transfer the money into it. This means that whenever the dollar rises, your money will appreciate when you change it back to naira.
It may not be good for citizens to ignore their country’s currency. But it’s legal to use any currency you wish. For example, at the time of writing this post, a dollar is equal to N1,200 (black market). Now, you can actually save N50,000 or millions in your domiciliary account.
After two months, the money will appreciate. This is because of the rapid increase in the dollar rate in Nigeria. In addition, it’s okay to make good use of this opportunity and earn dollars in Nigeria.
Using the rate of $1200 per dollar, N50,000 will give you approximately $40.5. Now, if the dollar rises to N1,500 per dollar, you will receive N60,750 for your $40.5. You can visit any Nigerian bank to create a domiciliary account without stress.
3. Work as a Freelance
There are skills that are required to participate in freelancing work. They are online business that pays daily. As a freelancer, looking for ways to earn dollars in Nigeria is not a problem. Some of these skills include graphic design, writing, editing, animation, and other digital work.
You can create an account on different freelancing sites, attract clients and work for them. After that, you will be paid in dollars. You can use PayPal or Webmoney to receive dollar payments as a Nigerian. Some of these payments can be made directly to your Nigerian bank.
4. Change of payment gateway
You can simply change the currency in which you’re being paid. This depends on the kind of business you do in Nigeria. If you have been looking for how to earn in dollars in Nigeria, change payment gateways.
This applies to people such as musicians, DJs, photographers, car salespeople, and others. You can ask them to pay you in dollars. To do this, simply post a notice that you now receive payments only in dollars. After that, you will start getting paid in dollars.
5. Become a YouTuber
Do you like making videos with your phone? Say no more. I’m sure you have heard about YouTubers making money from their YouTube channel. They are actually paid in dollars. So, you can be one of them.
Simply create a YouTube channel and upload your videos. After meeting the YouTube requirements for monetization, you will start earning in dollars. However, stop wasting your data and time uploading videos on WhatsApp.
6. Content creator
Facebook, X, formally Twitter, TikTok, and some other social media pay content creators in dollars. You can earn money either by writing relevant content or making relevant videos. These social media companies will surely pay you in dollars when you meet the payment threshold.
7. Professional writer
Many website owners, especially in the United States, are looking for professional writers. You can apply if you’re one of them and start working. You can simply search the keyword “guest post site” to see websites that are looking for professional writers.
Since most of the site owners are located in the United States, they will pay you in dollars.
8. Work as S.E.O Expert
This is another way to earn dollars in Nigeria. It’s about being a search engine optimization expert. The pay is high due to the demand and relevance of the internet. If you have an SEO skill, then you can apply to different companies to be employed. After that, you will start to earn dollars as a Nigerian.
9. Become a Backlink Builder
This is another online job that pays in dollars. It takes months and years to build internal and external links for a website. But it would be easier for people who have access to publish content on high-domain-authority websites.
They might get paid for a sponsored post and the inclusion of a link to their website. This will help boost the domain authority of the site.
10. Affiliate program
This is one of the most popular online works in Nigeria. You can earn money by partnering with different companies through affiliate marketing. These companies will pay you in dollars.
In conclusion, I hope you have learned how to earn in dollars in Nigeria. This is part of the trending activities in the country due to the rise of the dollar. You shouldn’t miss this opportunity to earn dollars in any of the above ways. Good luck.