Sometimes, anyone can have an urgent need for cash. In Nigeria, the economic toll of the pandemic has been devastating, but there are still many ways to get money quickly. Consumers can sell unnecessary belongings, offer services or borrow from banks or family. In addition, there are new remote jobs like forex trading. Here are a few feasible methods for those who need cash ASAP.
Sell Something You Own
Everyone has items they do not use anymore. Selling is a convenient way to get money quickly/ There are several ways to go about it.
First, you could try selling stuff via social media — e.g., the Facebook marketplace. Such platforms allow direct sales to other users. Secondly, you can find apps designed for such transactions. Place your ad on as many of them as possible to gain more exposure. Finally, you can arrange a garage sale.
Go to a Pawn Shop
Do you have any valuables, such as jewellery, collectables, or electronics? Pawn them to get some cash quickly. It is a bad idea to use any items with sentimental value, though, as they are irreplaceable.
Do some research on the price of similar items first — this way, you will know what range is fair. Then, shop around your local pawn shops. These steps will help you find the best deal.
Try a Payday Loan
This is a quick way to get cash. As the term suggests, the lender gives you money that you should return with interest on your next payday. It is also easy to qualify, as the institutions are more interested in proof of income than your credit history.
At the same time, you should be extremely careful with this type of borrowing. The interest rate is much higher than for any conventional service. If you fail to pay back on time, fees, and penalties will mount.
Trade Online
Those who are financially savvy can open live trading account with a regulated broker like Forextime. You can register a cent account with just $10. Trading online can even become your primary source of income in Nigeria.
If you know how the markets work, you can capitalize on different instruments — currencies, stocks, derivatives, etc. Note that trading requires experience and the learning curve for newbies spans months. For someone with zero experience, this is not a way to get money quickly, but a viable opportunity for a new career.
Rent Out Extra Rooms
If you have any vacant rooms in your home, why not rent them out? You can post an ad on platforms like Airbnb or local alternatives. The more sites you advertise on — the more people will see your offer.
Fill in your profile meticulously and upload high-quality photos to create a positive impression. Becoming a host not only provides extra cash — but it is also a way to connect to other people.
Register on Gig Apps
The pandemic has been a blessing for the gig economy, especially the delivery services. There are many other opportunities to monetize talents and time through mobile tools. For example, you could become an Uber driver or offer help with random jobs, such as furniture assembly or painting.
Register on as many platforms as you like, and start applying. Usually, such transactions are quick, so you get cash fast. Capitalize on your skills and knowledge.
Borrow from a Friend or Family Member
If you feel comfortable asking friends or relatives for help, do it. Sometimes, it is necessary to put your pride aside. Most people are glad to help their loved ones if they can. Show respect and set a deadline for paying off the debt. If anything prevents you from meeting the obligations, let them know. Do your best to deliver on your promises.
Getting Cash in Nigeria ASAP
These tips mentioned above will help you get some extra cash in times of need. Do not despair — any problems are only temporary. The internet is brimming with opportunities. Make the most of our suggested methods, and start building your wealth through better budgeting and remote tools. However, if your choice of getting quick cash is a loan, whether a large sum or a small sum, these requirements will listed here will prepare you.