10 practical ways to invest 1000 naira and earn daily

image of young man holding naira notes

In Nigeria today, N1000 may not seem like much but if you are one of those who believe that every penny counts then there might be a way to make your N1000 count.

There are investment opportunities which can be taken advantage of to provide daily earnings with just N1000. 

In this article, I will go over 10 secret ways you can invest N1000 and earn daily in Nigeria today.

What can 1000 naira do for you?

Sadly, there aren’t a lot of things you can do with N1000 in Nigeria today. 

The amount is equivalent to less than a dollar.

Here are some things you might do with N1000;

  • Take a bus to your local market
  • Buy cheap internet
  • Buy some food
  • Buy an ebook

Assuming you can do any of the above, here are a few things you might do with N1000 to create further income.

1. Nairaworkers

Nairaworkers is a micro jobs website in Nigeria where you get paid for carrying out simple tasks like commenting, liking, sharing on social media etc.

You can earn between N10 to as much as N1000 for each task. The more tasks you complete, the more you earn. It is possible to earn thousands of naira daily by completing tasks on this platform

But this is not the only way to earn. You can also generate recurring revenue by referring other freelancers to work on the platform.

You can make withdrawals once you have earned up to N2000 and the withdrawal is paid into your bank account once a week on Fridays.

The only investment you would be making is in ensuring you have a working internet connection and you can purchase this with your N1000

2. Selar.co

Selar.co is a free platform where anyone can sell digital and physical products like ebooks, courses, subscriptions, etc. 

Do you have any genius ideas the world is looking for? Or do you have a solution to a problem people are dying to know. If you do, then this might just be the thing for you. 

With your N1000, you can get some mobile data for doing some research and creating a simple product like an ebook. You can then sell it on selar.co by posting it and advertising on facebook groups, whatsapp etc.

It is possible to earn income daily every time someone clicks your link and buys your product. Selar only charges a small transaction fee for each sale.

3. Superprof.ng

If you know how to teach, then this one is for you. Superprof.ng is a free advertising platform for tutors in Nigeria.

All you need to do is create your profile and set your hours on the platform. Give details about the subject you teach, your experience and expertise and whether you offer offline or online classes.

You can offer your first class for free. This would give students an opportunity to access you and pay for future classes.

The N1000 can be used either to purchase mobile data to create your listing or as transport to take your first offline class or both.

4. Virtual assistant

Virtual assistants work through the internet to enable people to achieve their specific goals. That is why it’s called ‘virtual’. You get to assist people but you do it ‘virtually’

To do this, you would have to be technology savvy to a good extent.

V.A’s provide assistance in areas like Copy writing, Graphics design, Calendar management, article writing, web research, social media management, Book keeping or any other service valuable to people working in a particular field.

If you can invest your N1000  in getting mobile data, you can set up your virtual assistant website using google sites for free. Then you can take advantage of forums like nairaland, facebook group or whatsapp groups to promote your services.

You can use free templates online to draw up your V.A contract for prospective clients.

If you land your first client, they would have to make an initial deposit which would help you carry out your virtual assistant tasks.

5. Canva

Know how to design? Then this might just be your thing. 

If you know how to use the Canva platform to design flyers, banners, business cards then you can brush up your skills and start looking for clients online. The platform has a free version that can allow you to design almost anything you want.

There are many people who need flyers, social media posts etc. If you take advantage of your network you might land your first client. You can begin to get design clients daily within weeks.

You only need to invest your N1000 in getting mobile data.

6. Owealth

Owealth is Opay’s investment platform powered by BlueRidge Microfinance bank. You can invest your N1000 on Owealth and earn daily interest at 15% per annum. Your daily interest would be paid into your Owealth account each day.

This could be a wonderful way to invest your money if you had more capital. All you have to do is fund your Owealth with your capital  and start earning but you can start investing in Nigeria.

7. Cowrywise

This is another investment app where you can put in your N1000 for interest. 

It works just like Owealth. You earn an interest on the money saved without having to do anything. 

The interest is paid daily into your cowrywise account.

8. Amazon Kindle Publishing

If you can write, you can earn money on Amazon Kindle Publishing. It is a global platform where publishers can put out their books and potentially reach millions of people.

All you need to do is invest N1000 in mobile data and use your internet access to create an Amazon Kindle account. 

The next step is to create your book and ensure it is properly formatted based on Amazon KDP’s guideline.

Then list them on the platform using the proper categories and keywords after which you should start promoting your ebook on social media, email marketing etc

If you know someone who has a large social media following you can ask them to promote your book to their followers. This can get you your first readers and some reviews.

9. Gumroad

Gumroad is a platform where people sell digital products. The opportunity here for you is to promote great products on the platform as an affiliate and earn commission in dollars.

If you invest the N1000 in getting mobile data you can use your internet access to join the gumroad affiliate program for free. Start promoting products using social media and forums. 

You can sign up for the affiliate program here

To succeed as an affiliate, you must be able to carry out research on products to discover the best products to promote.

10. Swagbucks

Swagbucks is a reward platform where you can earn by doing simple tasks like playing games, answering surveys, shopping online etc

If you have an internet connection and a device for accessing the internet you can sign up with swagbucks and earn daily by completing simple tasks

Conclusion

It is amazing the things we can do with N1000. There might not be a lot of attractive financial investments for you if all you have is just N1000 but if you are willing to invest some energy as well, it is possible to make money.

That being said, one smart thing you can do is to master a digital skill in 2024 and use it to improve your income.

Author’s note: The article above is written for informational purposes. This should not be seen as professional financial advice which you should get from your financial adviser

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