3 Things You Should Do To Leverage On Naira DevaluationKehinde LAWAL
How are we doing amidst Corona virus(Covid 19)? Trust all is GOOD.
In this article I want to elaborate on a post I published on February 10, 2020 titled “What you should do if the Naira gets Devalued against the US Dollar.”
As expected, the federal government of Nigeria(FGN) through the Central Bank of Nigeria (CBN) did devalued the Naira from 306/$ to 367/$.
You can as well confirm that on Business day and other daily Nigerian news platform. But that’s not the purpose of this article 😂.
The major reason why I wrote this article is to tell you 3 things you can do now that the Naira has been devalued. Keep reading, I’m very certain you will find this article useful.
3 ways to leverage on Naira Devaluation
You can actually do a lot of things that would boost your finances and make more money as a result of the Naira Devaluation, but these are my few suggestions:
1. Start earning in dollar.
The world we live in is a global village, and only earning from your country’s economy is now a thing of the past.
You can be in Nigeria and earn money easily from the United State, and other big economy of the world.
All you need to do is to master a particular Digital skill and then connect yourself with platforms that would enable you work globally.
Can you design website very well? Or are you very good at editing videos? These little things can earn you as much as $1000 monthly.
What do you think?🤔 Or are you saying, you can’t design website or edit videos.
Other skills that could also fetch you good income while working globally from Nigeria are:
- Music production
- Graphic design
- 3D Animation
- Content Editing
- Virtual assistant
- Content upload to excel
- UI/UX design
- Customer support
- Digital Marketing etc.
Note: You’ve got to master this skills very well otherwise you might not be able to earn money month in month out.
People only want to give jobs to professional, and if you’re short of that, getting consistent job will be hard.
Once you build this skills, you can get jobs on global market place like Fiverr, Upwork and 99designs.
2. Start Trading Forex or Cryptocurrency online.
The second thing you can do to start earning dollars is by trading the global financial market. Note that I didn’t say the Nigerian stock exchange because its current state is appauling and that’s an article for another day.
As a Nigerian, you can trade the global financial market through Cryptocurrency and Forex. And this by no means an easy way to make money. You’ve still got to put in countless hours learning how to trade profitably.
Anyway, I’ve got good news for you. Learning how to trade and make $300 per month is not as hard as learning how to make $1,000,000 monthly.
So if you have realistic income target from trading, and you’re not greedy, I can help you out.
Send me a Whatsapp message on (0810 185 0909) and we’re good to go.You can also checkout other resources on trading Cryptocurrency and Forex on this website by clicking here.
3. Start selling products in US Dollar
I know a lot of people dislike selling, but let’s face reality, selling products in dollars is one of the easiest ways to leverage on a devalued Naira.
Can you import products abroad and get paid in dollar? Or can you sell other people’s goods and get paid in dollar? You see the choice is left to you.
I personally, would prefer selling other people’s product. I can enroll as an affiliate on Amazon and promote hot selling product created by others.
If instead you want to sell your personal product, you can create eBooks and other digital products and sell it on Amazon Kindles etc.
There are numerous things you can do, and that’s why you’ve got to put your creativity to use.
The bottom line of this article is that you need to earn money in US Dollar to leverage on a devalued Naira. Don’t be among those that are complaining.
Put your creativity to use and earn yourself some income by working globally, trading Cryptocurrency and Forex, and selling products online.
You can even tell your relatives abroad to send you money but that’s left to you. Just be smart enough 😉 to realise the opportunity in every difficulty.
I hope you’ve learn something new.
Kindly share this article with anyone who you think could benefit and feel free to share your thoughts in the comments below 👇.