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How to Make Money on Facebook-A Full Guide

Odi Chukwuemeka Valentine



How To Make Money On Facebook-A Full Guide


Facebook is one of the top-ranking social media networks. It was launched on February 4,  2004, by Mark Zuckerberg. Over the years, it has evolved with many reforms one of which is growing from a platform for mere chats to a platform for making money. This article particularly discusses how to make money on Facebook.

With over 2.7 billion monthly active users as of the end of the second quarter of 2020, Facebook is the biggest social network worldwide. As of the third quarter of 2012, Facebook had over 1 billion users, becoming the first social media to hit the billion mark.

The essence of putting out these figures is to stimulate your minds about opportunities that abound on the widely used social media platform. At least, four persons in a family of six are on Facebook. On average, people spend not less than 30 minutes on Facebook in a day, while others spend over an hour.

Interestingly, Facebook creates room for partnership opportunities for its users across the globe. Read carefully to get information on how you can earn big from World’s number one social media network.


How To Make Money On Facebook-A Full Guide

  1. Become an Influencer on Facebook.

Social media influencers are people with large followership on social networks whose opinions on topics of discussion are largely supported by the public in most cases. How can one become an influencer? It requires consistency by engaging the public to create a strong social media presence.

A person who has over 2000 friends on friends or followers on Facebook can easily become an influencer. To succeed in getting the attention of your friends or followers, you would have to adapt to the ‘Top of the mind awareness.’ This simply means making posts consistently, even when people do not react to it. It will interest you to know that amongst those who only read through news feeds, there are persons taking note of your consistency.

Oftentimes, the type of posts people make on Facebook to some extent is dependent on the type of audience they have. As such, your audience is inclined to react to your posts or even sharing them if it appeals to their reading pleasure.

Once you have been able to establish your presence online, there are organizations that are ready to pay you thousands of naira to advertise their products, goods, or services either on your Facebook profile or Facebook page.

It is possible to have the organizations contact you directly, however, there are certain platforms that play the role of a middleman between you and the organizations. Hence, these platforms help you reach them.

Such platforms are Dealspotr, Ifluenz, and Famebit. Although the aforementioned are not the only platforms, there are several others when you search the internet. How do these platforms work?

By signing up on these platforms, you link up your profile or pages on their website. You can able to write and submit proposals to brands through them. The platforms enable you to secure sponsorship deals and through these sponsorships, you could earn a good amount of money.


  1. Manage a Facebook Page

Another interesting way of making money on Facebook is by becoming a Facebook page manager. A person who truly understands everything about Facebook is capable of engaging the audience, consistent content creation, and running Facebook Ads.

Such a person has the potentials of becoming a successful Facebook manager. For example, the just concluded Big Brother Naija Reality Tv show had individuals that managed the social media handles of the Housemates. These persons had the fans entertained with posts about their favorite housemates that kept the fans delighted.

These managers were paid thousands of naira for a job well done. Social media manager jobs can be part-time or full-time depending on the agreed terms and conditions. In either way, the job is rewarding. Celebrities and organizations hire staff specifically to manage their social media handles.

Social media manager jobs can be found on job advertising websites or freelancing websites like, Upwork, etc.


  1. Create a Business page and sell your items

Taking into consideration the number of active users on Facebook, with the right business strategy, you can make Facebook your online shop and earn a huge sum of money. Like, I stated earlier, at least, every four persons in a family of six, has a Facebook account.

It further shows your business can thrive on Facebook. All types of items can be sold on Facebook. Such items can be cars, jewelry, electronics, furniture, shoes, groceries, etc.

The right guide to setting out begins by creating a business page. The following screenshots will be helpful while creating a page:

To create a new page, click on the circled icon


Then carefully follow the instructions to fill the form. Afterward, your page is set!

Upon the creattion of your page, you could decide to copy the links and share it with your friends on various platforms for publicity.


  1. Sell your Facebook Profile.

Selling of Facebook account or page is another interesting aspect of how to make money on Facebook. However, there are certain standards that Facebook or Profile is expected to meet.

It must have established a good online presence, good engagement, and niche. One of the niches that sell well is entertainment and sports-based pages.

Have you ever gotten a notification on Facebook that reads “A page you follow has changed its name to so so so…?” or have you suddenly seen a strange name on your timeline? You wonder when and how you became friends with such a person? Our minds quickly point to a hacked account. You should also know an account or page can be sold.

A Facebook account or page can be sold for $50 to $500 or more. Good followership and engagement increase the price of an or page. You can sell up to $20, 000 on rare occasions.

You can sell your Facebook account or page on platforms like Viral Accounts or make a post indicating your willingness to sell. Either way.


  1. Generate Traffic.

Of the discussed ways of how to make money on Facebook so far, generation of traffic to websites or blogs have been practiced more. Generating traffic entails using a Facebook profile or Facebook page to drive traffic to blogs, websites, or email lists.

It’s interesting to know that website creators or bloggers make money from traffics gotten on their websites or blogs. Hence, you see people creating controversial content. Controversies sell best than good news. So they gain from controversies especially sex scandals.

To get started, you can either begin by engaging the audience on your Facebook profile or Facebook page through making consistent posts. You could decide to make a controversial post that will go viral and increase your followership.

Read also How To Increase Your Blog Search Traffic in Nigeria

Afterward, you can create a website or blog. For each post, you make on the website, copy the link, and repost either on your Facebook profile or Facebook page. You will be earning big for every click.

For example, the likes of Yabaleft and Gistreel makes use of this method. They are known for generating traffics to their blogs through celebrity gossips, controversial posts, jumping on trending topics, and lot more on their Facebook pages.


  1. Affiliate Marketing.

Another important component of how to make money on Facebook is becoming an affiliate marketer. Affiliate marketing means promoting businesses of other people and getting paid (commission) for every sale made.

To become an affiliate marketer on Facebook, you could either use your Facebook profile or page. It is advisable to be known for a particular thing online. Not a Jack of all trade kind of thing. Pick out a niche, build, and engage your audience around it.

One can create a Facebook page and create steady content on ANYTHING. So long it appeals to the reading pleasures of your audience. It could be a lifestyle, football, fashion, music, etc.

Afterward, sign up with an affiliate network. Link up your Facebook profile or page with the affiliate network. For example, an affiliate network that deals with organic skincare products. All you will do is write reviews of such products, with pictures or videos then attach your link below.

For every interested person that clicks on the links and goes further to ‘buy,’ you will be paid commission for the sale. Your job ends there. You can imagine the number of sales they could be making through your link. That’s a huge sum of money on your side as well.

Read also: Affiliate Marketing In Nigeria 2020: Top 6 Affiliate Marketing Programs in Nigeria


  1. Become a member of a Facebook Audience Network.

Facebook Audience Network was initiated by Facebook to enable its users to monetize their works on the platform. It is related to Google AdSense.

A person who has good followership on his/her page can savor every bit of this opportunity. There is this joy that comes with people ‘liking’ your videos, pictures, or articles posted on Facebook. However, it boosts your ego, not your account.

Facebook Audience Network has been created to both boost your ego and enrich your pockets as well. Interesting, yeah?

Facebook Audience Network also offers app developers to partner with Facebook. Such apps like ‘Face App’ that shows how you will look like at old age or the recent ‘Avatar app’ are all products of Facebook Audience Network.

It is pertinent to note that you can only be able to join Facebook Audience Network with your Facebook page and not Facebook Profile. Hence, you would have to create a Facebook page, grow your audience to an appreciable base before signing up for a Facebook Audience Network.



In summary, the era where people just login to their Facebook accounts to chat, gist, read news, post pictures, and videos to canverse for ‘likes’ are gone. People now make cool money using Facebook. Although the place of consistency and data consumption should not be overruled. But like football strikers, you can shoot a shot on target on either of the discussed aspects. Best believe you will score!




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10 Best Loans Platforms In Nigeria Without Collateral




Best Loans Platforms In Nigeria Without Collateral

A loan is money given to someone or businesses to cater to its financial needs. Most lenders need some form of collateral as security, before giving out loans.

Not every Nigerian can provide substantial collateral in order to receive loans, this is where loans without collateral comes in. Thankfully, there are now online platforms where individuals and businesses can apply for loans without the need to provide collaterals.

One major problem businesses face in Nigeria is the unavailability of capital. With these innovative online platforms, lenders can assess applicants and their ability to pay back the loans within the given time frame, and then go on to approve certain amounts of money for loan, based on their assessments.

Best Loans Platforms In Nigeria Without Collateral

One of the Best Loans Platforms In Nigeria Without Collateral, FASTCREDIT

Now, let me review ten most popular collateral-free loan platforms in Nigeria for individuals and small businesses.


Paylater is an online platform that provides loans to small businesses and individuals to cover urgent needs or unexpected expenses.

Clients can access up to N500, 000 worth of loan without collateral. Funds are delivered within 1 – 3 working days once approved. Endeavour to repay your loan on time to help increase your credit limits and grant you access to higher loan sums in subsequent loan applications.


This online platform gives businesses access to funding. LYDIA.CO Offers unsecured loans ranging from $500 to $15,000 to SMEs.

According to the founders, Lidya uses technology and algorithm for risk assessment that allows them offer financial services to their clients at low cost.


QuickCheck is an online lending outlet for small businesses and individuals. It helps individuals and small businesses to access financial credit by using mobile technology

According to the platform, customers can quickly and easily receive loans of up to N30, 000 without any collateral to repay within 15 – 30 days.


SMEDAN is more or less a federal government of Nigeria loan service or a government-backed enterprise for Small and Medium Enterprises (SMEs), hence the name (SMEDAN Small and Medium Enterprises Development Agency).

They offer quick and easy business loans to SMEs in need of funding. Their main aim is to promote entrepreneurship and provide startup capitals for businesses in Nigeria

SMEDAN also provides hands-on training and support to business owners. If you’re looking to apply for SMEDAN loan, then visit SMEDAN website and apply on the application portal –


AELLA-CREDIT has been creating mediums to make funds easily accessible to individuals in Nigeria. The company is associated with 3 leading Credit Bureau Agencies in Nigeria to provide timely and affordable loans to clients. Employee empowerment and lending for business startup is the main focus of AELLA-CREDIT.

AELLA-CREDIT employs credit scoring algorithm, built after five years of market data and analysis had been gathered by the team, to assess the creditworthiness of applicants. The algorithm processes applicants’ eligibility by taking social and demographic factors as well as debit to income ratio of the applicants, into consideration.


Specta is an online lending outlet that offers loans of up to N5 million in one deal, within the space of five minutes, without paperwork, collateral, or visit to any office. They enable users to cater for any urgent business or personal need, whenever and wherever.

Specta offers two loan services, which are (1) MySpecta which provides loan services for individuals and (2) Specta4Business which provides loan services for corporate and business owners.


KIAKIA, taken from the Nigerian pidgin means “fast-fast” is an online lending platform for businesses in Nigeria. They employ the use of machine learning, psychometric, digital forensics, big-data, for credit risk assessments and proprietary credit scoring algorithm to help them provide immediate and compatible loans to numerous individuals without credit information.

Their services are highly efficient and effective in addition to being very simple and fast, hence their name which was derived from a Nigerian language, meaning ‘fast-fast ‘.


Zedvance is a client finance company geared toward providing individuals with consumer credit. They offer loans up to N3 million under 24 hours.

Their services are particularly for salary earners, but you could apply if you’re a salary earner with a side business.


Loan application on FastCredit is backed by guarantors although the loan itself is collateral-free. The validity period for the loan is 6 months maximum. If you are a micro, small and medium enterprises (SMES), then you are eligible to apply for this loan and use the funds to enhance the growth of your business


If you are a small and medium enterprises (SME) in Africa and the Middle East, you may want to consider GROFIN as your choice loan platform.

Looking to grow your business rapidly and you are confident that your business meets the necessary requirements? Then, try GROFIN. This may be the perfect fit for you.

Business can access loans ranging from US$100,000 to US$1.5 million through GROFIN. You need to contact GROFIN and get the requirements. Upon reviewing the requirements and your business meets those requirements, go ahead and apply for the loan online on GROFIN website –



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How To Start Keke NAPEP (Tri-Cycle) Business In Nigeria




keke napep business

Mass Transportation by Tricycles popularly known as “Keke NAPEP” was introduced on November 6, 2002, by the former president of Nigeria, Olusegun Obasanjo, as part of the government’s poverty alleviation programme called, “National Poverty Eradication Programme (NAPEP)” in a 2001. Also, the introduction of “Keke NAPEP” was a strategy by the Government to meet the ever-increasing demands for public transportation in Nigeria.

Since its introduction, the Keke NAPEP has come become a source of income for many Nigerians. It also became a safer alternative to commercial motorbikes (Okada), which were banned in many places, and is used to convey people over short distances all over the country.

Most people in Nigeria prefer the commercial tricycles to Buses and Mini-buses because the commercial tricycles have the capacity to move into the nooks and crannies of a town faster and easier compared to Buses and Mini-buses.  For example, in 2008, the Lagos State government kicked off the Lagos Bus Rapid Transit System (BRT), thinking that the transport needs of Lagosians will finally be met. The reality on ground is that that is far from it. The BRTs only reduced the problem of poor transportation by a small amount. This is so because the BRT only catered for major parts Lagos State, especially Mainland and Island routes.

If the BRTs only served those parts of Lagos, we might then ask, how will people living outside these areas fair? Knowing that low income and horrible traffic will prevent many people from getting their own vehicles, many are left with no choice but to use privately-owned commercial vehicles for movements within the city? Yes. Here is where Keke NAPEP comes to the rescue.

Some Nigerian graduates without jobs have wholeheartedly accepted riding Keke as a business. They use it to raise money for self and family and see riding keke as a better alternative to staying at home doing nothing. Also, Keke NAPEP business creates opportunities for lucrative investments and helps to lessen the burden of the poor transport network in the country presently. So, would you like to start Keke NAPEP business and make money like others? Below is a breakdown of the how-to of Keke NAPEP business.

Now, there are two parts to the Keke NAPEP riding business: either you ride it yourself or you lease it to a rider.

keke napep business

Tricycle (keke NAPEP) conveying passengers to their destinations

Option 1: Leasing Your Tricycle to a Rider (Hire Purchase)

First, you have to get the Keke, register it and lease it out to a rider. See the breakdown of how this is done below.

Price of a new tricycle: ₦400,000

Registration with the Keke riders’ union: ₦5,000

The tricycle is leased at ₦720,000

Here, you will receive a weekly payment of ₦15,000 from the rider (or hire purchaser) for a period of 12 months, that is 48 weeks making it ₦15,000 x 48 = ₦720,000

Note that this is not a hard and fast rule: some terms and conditions may be applied in your situation and things may look a bit different with the hire purchaser you’re working with.

Registration with the NAPEP riders’ union allows you to enjoy some form of freedom, support and security.

Make sure that your hire purchaser is trustworthy, has a good track record and preferably has some referees under his belt.

Doubts have held some people back and stopped them from trying out this venture. If you want to test the waters, start with one tricycle. This will help you to know whether this business is something you can comfortably go into or not. However, the most lucrative thing to do is to buy as many as you can afford at the time because that will increase your remuneration in the long run. For example, if you lease five tricycles, you can expect up to ₦1,600,000 as returns in a year.

This price analysis and breakdown is based on the realities of Lagos State at this time.

Doing it Yourself

If you choose to ride the tricycle yourself, you will be very much impressed at the outcome. In a day, you can be making anything from ₦4,000-₦7,000, depending on the number of passengers you commute.

Apart from the ₦5,000 union registration fee, you’re also expected to pay between ₦500-₦1,000 daily (known as owo itaa). Part of this daily fee goes to the government’s coffers.

Tricycle maintenance is cheap, spare parts are readily available and fuel consumption is low. One thousand naira worth of fuel can take you a whole day if you have a good carburetor.

Always remember that maintenance is the key to a long-standing tricycle. So, maintain the vehicle regularly to lengthen is lifespan.

With ₦5,000 daily earnings while operating it yourself, you can easily earn ₦1.5 in a year (grossly calculated at ₦150,000 monthly) after expenses have been made.

After a year or more of doing this business, you can decide to continue, expand, or change your line of business.

Things to Note When Putting Your Tricycle for Hire Purchase

How soon you will receive your complete returns on the tricycle depends on the following factors:

  1. The status of the tricycle when you bought it. Was it new or second hand?
  2. Does your tricycle operate during the weekends? What is the money earned during those days for (maintenance money, etc.)?

How payments are made

  1. Hire purchase. In this method, the driver takes care of routine service, minor repairs, maintenance and fueling.
  2. Daily balance.

I will not advise you to lease your Keke NAPEP on daily balance.

There is no brother in business. Be wise and open your eyes.

Hire purchase is the preferred method of payment in the North and in most parts of the country. It is the best method of receiving returns for your tricycle(s).

In Niger and Katsina states for example, daily returns are between ₦2,000 and ₦3,000 for a new tricycle. For second hand tricycles, daily returns are negotiated, but in Niger State, ₦1,500-₦1,700/1,800 is the amount paid.

Note that these are just estimates based on the present realities.

In Lagos, riders pay between ₦2,000-₦3,500.

  1. Negotiated.
  2. Standard: paying double the price. This is most popular in the North for second hand tricycles.

That is all on Keke NAPEP and how to start and operate it successfully in Nigeria. I hope you learned from this? Leave a comment below and let me know what you think about this.



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10 Popular E-commerce Websites You Can Shop on in Nigeria




ecommerce websites

The development of technology on a global scale brings everything closer to us, making things easier and faster, just like shopping. E-commerce is a fast-growing industry. Many businesses are tapping into and are now creating ecommerce websites to boost thier businesses.

E-commerce is a lucrative sector which every business should be taking advantage of today. However, if you are just starting out, your focus should be on how to attract customers to your online store. So, instead of launching your ecommerce website, it is better to “test the waters” on a known e-commerce platform first before creating and launching your ecommerce store.

ecommerce websites

Someone trying to make a purchase from an ecommerce website in Nigeria

Nigeria has a lot of e-commerce websites and it might be confusing while trying to pick one to start with. This list of the 10 most popular e-commerce websites in Nigeria will help you narrow your search and pick the one that is best suited to your needs.

  1. Jumia Nigeria

Nicknamed the ‘Amazon of Nigeria’, this online store is the most popular on this list. It is so popular that it garnered an Alexa report as being the most visited e-commerce website in Nigeria.

Established in 2012, Jumia is patronized by thousands of Nigerians and offers a marketplace where sellers can showcase all kinds of goods to the public. You may want to visit the site to see things for yourself.

  1. Konga

Konga is an e-commerce store that allows small and big businesses alike to sell their products on its site. It has enormous warehouses in major cities in Nigeria like Lagos, Abuja, and Port Harcourt to serve its customers easily. This is done in line with its vision to deliver goods “with speed and precision” to its customers.

  1. PayPorte

‘Nigeria’s preferred online retail store’ as it calls itself, Payporte was launched in 2014 as an online store to reach a wide audience that is not restricted by age or preferences. The retail giant also collaborates with small businesses and puts them in front of a wide audience. The company provides the needed logistics to reach their customers and assist them to succeed.

  1. VConnect

Known as Nigeria’s premier business listing website, Vconnect has also grown to an e-commerce store where it avails business owners the opportunity to sell their products. The website also facilitates payments and provides logistics for goods to get to their respective customers.

  1. Kara

This e-commerce store is one of the best in Nigeria, recording thousands of visitors daily. Kara offers a wide range of products from electronics, phones, to fashion items. Additionally, it hosts a marketplace where business owners can post products and sell to the public.

  1. Printivo Store

Printivo is an online shop that is specially designed to meet the needs of those that need printing materials. Bring the most popular in this niche, Printivo also gives users the chance to access free templates crafted by graphic designers.

It allows those in the print industry to make money off their designs by giving them a platform to display and sell their items.

  1. OLX Nigeria

OLX Nigeria is a classified advertisement website. Although an online e-commerce website, OLX Nigeria does not function as a regular e-commerce website. Instead, it gives users the opportunity to design and publish ads to their taste.

This way, buyers and sellers can interact with each other directly and easily. With the categorization of ads, each buyer or seller can go specifically to their area of interest and transact.

8. Jiji Nigeria

In 2014, Jiji came into being providing buyers and sellers with an easy way to connect and carry out transactions, under highly secure conditions.

Jiji Nigeria, in addition to being a classified advertisement website, goes a step further by giving users the opportunity to post ads on any product of their choice on the store.

  1. CartNG.

You can find virtually anything on CartNG. It is an amazing e-commerce website that can meet any of your need s. You can shop category by category on the site, and enjoy a speedy delivery in your order.

  1. Obiwezy

Obiwezy is an online e-commerce store that sells fairly used gadgets like phones, tablets, and laptops. Obiwezy was established in 2010. The intention behind its establishment was to provide users with goods and services at highly affordable prices. Doubtless, they have met this purpose.

Besides sales, Obiwezy also offers its customers technical support like the repair of damaged products, product advice, and recommendations.

So, there you have it on the 10 popular e-commerce websites in Nigeria. Go ahead and start shopping now.



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