Nigerians are generally hard working people always looking for ways to improve their standards of living.
But staying afloat financially has become an Olympic sport for most people especially those in the middle and lower income class.
The economic downturn currently being experienced is not helping matters and with Naira losing value almost on a daily basis, it will be difficult to achieve financial security under the current climate.
Thus, it is important to look for other ways or side hustles to make extra cash in the current economic climate.
So here are a few tips to save some cash and make some extra money to augment income from regular jobs.
Short term jobs
Short term jobs are not exactly a thing in Nigeria for people of employment age. It is popular among school leavers or students on holidays.
However, with the need to make extra income short term jobs become more imperative.
One of such jobs is available with the Independent National Electoral Commission(INEC). INEC employs people as adhoc staff for elections.
Although elections are seasonal, there are more adhoc jobs with staggered elections in Nigeria.
Sign up on customer loyalty
Hardly a week goes by without Nigerian shopping for home supplies whether toiletries or food produce.
These supplies are sourced from different locations like open air markets, kiosks by the roadside, hawkers, malls or even retail supermarkets.
For people who shop at Supermarkets or malls there are loyalty rewards for regular customers where points are awarded on the basis of amount expended.
Once a certain threshold is reached, such customers will win a cash prize and the money can be used to purchase an item.
Take advantage of promotions
There are so many brands across different sectors operating in Nigeria today. And due to the level of competition, many brands design promotions to reward customers from time to time.
Promotions are a good way to win an unexpected life changing fortune. Although not everyone who enters for a promotion gets to win, there are usually many consolation prizes that are also available to be won.
These prizes could save you some bucks that you can put to use in other areas.
Be on the lookout for Bonuses
Bonuses are a great way to enjoy value for products and services without paying for them.
There are different kinds of bonuses for different products or services and they differ from each other.
For instance, if you are a frequent customer of an airline, you are likely to get a bonus offer to fly for free or at a reduced rate at some point.
Similarly, if you like to put your money where your mouth is, by backing your favourite team on a betting platform, you can get a chance for a free stake either as a new player or a regular bettor.
For example, a directory of different free bet offers is available to you if sports betting is right up your street.
Dropshipping
Dropshipping is a type of e-commerce retail business where products are not stored in warehouses or a physical shop, rather products delivered directly to the customer from the supplier as soon as an order is made.
Discover various ways to earn extra income and consider leveraging the potential of a print on demand service, which allows you to create and sell custom products with ease and minimal upfront investment.
This is another way of making extra income without having to invest a fortune in the business. There will also be no other additional costs like salaries and other utilities.
This is because the entire business is done within the confines of your house or office.
In dire economic times like this, Dropshipping is a good way to make some extra money on the side.