The new year 2023 is one that could pose so many challenges for businesses in Nigeria evidently due to the upcoming general elections.
Business projections have been a mixed grill of gloom and promise.
There are several innovative ways to make money in the new year.
They are all around us but sometimes it takes a lot of resources and sheer luck to achieve those goals.
Below are the 10 clever ways to make money in 2023.
1. Home Teaching
Teaching at home after school hours could be a tedious task especially if you don’t own a personal car and don’t live close to your pupils.
However, it remains a good idea for extra income.
One could be selective with those who are offered this service. With technological advances in the edu-sector, it is important to also consider online classes in addition to physical sessions.
The baking of bread and cakes gives massive profits to those who are great at doing it.
Baking these foods could be a veritable source of income, especially at choice locations.
You can get a lot of baking jobs from students, about-to-wed couples, hotels, bars and restaurants, airports and entertainment facilities etc.
3. Day Care Services
Most working class people, and busy businessmen/women, depend on Day Care Services for their children’s welfare while they are at work or in the marketplace.
Starting such a business is profitable but comes with its attendant challenges.
Taking care of children is never an easy task and it requires a lot of perseverance, sound judgment, cleanliness, attention to detail, security consciousness, etc.
Prime Business Africa is of the opinion that its imperative to also have some knowledge of basic health care needs as some parents/guardians may not readily have that information.
4. Computer Training Programmes
Most work tools are useful for today’s business management, education, data processing and company/staff profiling.
Computer training programmes during the period of Industrial strike actions for instance by Nigeria’s schools have proven to be a good way to improve skill sets and cash out.
The establishment of such programmes in locations not densely populated is a clever strategy to make good money from those who want to learn those skills.
READ ALSO: Top 10 Lucrative Tech Jobs For Women
Blogging is a very popular way to make money online and 2023 could be a great time to begin that journey as several newsworthy events are expected to take place in the year.
In Nigeria, it’s an election year. The February 25 presidential election and the gubernatorial election on March 11 will trend massively for instance.
In all sectors, there is bound to be content that is for everyone.
Gaming is a very popular way to make money these days. It’s very popular among young people.
Establishing a gaming shop is guaranteed to fetch reasonable good returns because it is fun.
People go as far as staking money to play video games albeit there should be restrictions to the age group allowed at such places – or if allowed – are limited to specific rules and times.
7. Language/Sign Translation
Being able to translate languages is another big way to make money in 2023.
Translators at events like press conferences/interviews, and product launches, especially on behalf of non-speaking English personalities, could be useful.
Students of foreign languages and International relations could latch onto this and earn themselves good money.
You can also be a volunteer at such events which might not bring forth all the money you need but still opens the doors for other opportunities.
Sign translations for government officials, business leaders, and academia are another important means of communication and if you understand these signs and their meanings, that could earn you some decent cash.
Gardening can be fun and seemingly easy to do. It can also be a form of exercise. But it can earn you a decent amount of money.
Being a gardener for some benevolent and rich employers/clients is another clever way of making money in 2023.
9. Charging Of Phone Batteries, Powerbanks etc.
Have you seen some people put on their generators in areas that seldom enjoy power (electricity) from Power Holding Company of Nigeria (PHCN) to help others power their phones’ batteries, power banks, torch and so on?
That says it all.
In a country where people still shout “Up NEPA” in praise of those saddled with the task of providing electricity for Nigerians, charging phone batteries and other useful devices for light at home is a very smart way of making money in the new year.
Painting might be considered a job for specific age groups or gender but everyone can do it.
Many homes need retouching and new painting.
It is a clever way to make cool money in 2023 as a side hustle if it is not established for the big time.
Izuchukwu Okosi is a Nigerian sports and entertainment journalist with two decades of experience in the media industry having begun his media journey in 2002 as an intern at Mundial Sports International (MSI) and Africa Independent Television (AIT), owners of Daar Communications Plc.
In October 2004, Okosi joined Complete Communications Limited, publishers of Complete Sports newspaper and Complete Football magazine as a reporter and later script writer for the Complete Sports studio.
He worked there for 13 years until October 2017.
Okosi also worked various times as Correspondent, Content creator and Editor at Sports Market International Magazine, Opera News, All Nigeria Soccer Media and Iconic Media Watch.
He also undertook freelance writing gigs for some local and international organizations.
Okosi is a member of the Actors Guild of Nigeria (AGN), Association of Movie Producers (AMP), Association of Voiceover Artistes of Nigeria (AVOA), Sports Writers Association of Nigeria (SWAN) and Nigeria Union of Journalists (NUJ).
He has been part of cast in some Nollywood movies and radio dramas including Blood Money 2, Scores To Settle, Dead End 2, Another Campus Tale and Battle Line.
Aside mainstream media and the entertainment industry, he has interests in scouting/unearthing of talents in the sports and creative sectors, exports business and property development.