how to make money online in Nigeria by watching videos

Can you make money online in Nigeria by watching Videos? A case study

Thanks for stopping by today. Chances are you’re a young Nigerian, and are probably curious about this subject. It’s not surprising because lots of people are raving all over the place (including the infamous Reno Omokiri on his YouTube channel) on how you can make money online in Nigeria by watching videos with just your smartphone. The thing is, all these influencers telling you about these things hardly do them.

They usually recommend that watching videos is one of the ways students can make money online, but the question is: is it really worth it?

To be honest, I have always believed that this was a total waste of time. I believe it is nearly impossible to make a decent amount of money by just watching videos online. However, I recently stumbled on a blog post that made the same claims, and even listed some websites/apps that offer this.

So, I decided to put this hypothesis to the test: I was going to sign up on one of these websites and see whether I could make real money by watching videos, that I could withdraw in Nigeria.

I don’t believe things ordinarily; I simply put them to the test to establish my belief. I’m what you may call a pragmatist. With these in mind, I will try to be as detailed as possible in this article.

Platforms that pay to watch videos

There are several platforms that offer monetary compensation to users to watch videos. Here’s a list of them:

  • Swagbucks
  • Paidwork
  • InstaCG
  • Nielsen Computer & Mobile Panel

Our focus is on Paidwork, and I’ll try as much as possible to be straight to the point without wasting your time.

Paidwork

The platform that we’re investigating is called Paidwork. This platform offers many options to earn money in the following ways:

  • Playing games
  • Watching videos
  • Online shopping
  • Surveys
  • Microtasks

See the image below:

make money online in Nigeria by watching videos

Our interest is in earning money by watching videos. So, the first thing you need to do is to register on the site, which I did quite easily. Registration on this site is easy and doesn’t take time at all.

So, I signed up and got an email immediately and I clicked on the link provided to sign up. Once my account was activated, I found myself on my dashboard.

Immediately I decided to watch the videos so I could earn dollars too, like it was advertised. I quickly clicked on EARN to start the process. The platform asked me to download their app to my smartphone which I did. I was required to watch the videos on my phone, not on my laptop.

I downloaded their app from Google Play quickly and signed in. Next, I went to the section where I could earn and clicked on Watch Videos to start.

Folks, this is what I saw:

I mean, how could I possibly make reasonable money by watching these 30-second videos for just 1 cent each? This is crazy!

But that’s the deal. Each video will pay you just a nickel (1 cent). To make 10 dollars (which is the minimum withdrawal amount by the way), I’ll have to watch about 1000 videos!

This is because each 30-second video makes you about 1 cent or 1 point. To make 1 dollar, you must watch at least 100 videos to make 100 point which is equal to 100 cents or 1 dollar. After watching just 3 videos, I gave up!

You can’t blame me.

I have my reasons.

Number 1 is the cost of data. Then secondly the cost of my time…

You see, here in Nigeria, we buy data separately from airtime. We subscribe to a data bundle, aside from paying for airtime. Now if I need to watch 1000 videos on Paidwork in order to earn 10 dollars, how much data do I need to spend?

Let’s say that the average size of these videos is a conservative 20MB.

Multiply 20×1000 and it gives you 20,000 which is about 20GB.

Now 20GB of data in Nigeria is about N5,500 on MTN. let’s say you are patient enough to watch these 1000 video ads, and you finally cash out your money, at the current exchange rate of N1,300 to a dollar, your earnings would be N1,300 x 10 which will give us N13,000. In this case, your profit should be something like N7,500.

Now let me ask you, is this a great way to make money? Is it worth it? I need to you answer this question for yourself. I’m not going to answer it for you. Think about the time that you spent which is equal to 30 x 1000 which gives you about 30,000 seconds which is equal to over 8 hours!

Imagine spending 8 whole hours of the day watching these videos. The thing is, you may have to spend days watching these videos because according to their rules, if you interrupt a video while it is playing, it does not count. You would have to start again from the beginning and watch it fully before it can be counted or recorded in your account.

To be honest, it’s even better if you are working as a doorman at Kilimanjaro, just like the Happie Boys were doing before they became popular because of that dance incident. honestly. You stand a better chance of saving up some cash than this idea of spending your precious data watching videos, hoping to make some cash.

Friends, I gave up after earning just 3 cents which is equal to watching 3 videos. Here’s my dashboard to show the earnings:

So, friends, if you feel this is a great way to earn money, please by all means go ahead. For me, I don’t consider it worth my time.

One more thing: if you can make up to the 10 dollars using this method, and can withdraw it, please drop a comment here detailing your experience so we can rejoice with you.

Here’s my tested and tried way to earn money with videos

If you love working with videos, maybe because you have a smartphone with a great camera, or you simply love videos, then you should consider uploading videos. This is a great way to earn money and at the same time enjoy yourself.

You ever heard of YouTube? It’s the number one way of making money by uploading videos through your YouTube channel. If your videos are interesting and informative, then with time your channel can be monetized. Once it’s monetized, you’re on your way to earning passive income every month!

You can even do lots of things with your channel like offering a paid subscription offer to your subscribers, making more money using affiliate links in your videos, selling merch (like T-shirts and hoodies) through your channel, and paid promotional videos for companies and organizations.

The most important thing is to have an audience. Once you are able to build up your subscriber base to a significant amount, like say 10,000, you’re made!

So, friends, did you enjoy this article? Don’t forget to share it using the button on this page or at the end of this article. You can also visit our Facebook page and follow us for more updates.

About The Author

Leave a Comment

Your email address will not be published. Required fields are marked *

Sorry. You cannot copy content off of this page

TABLE OF CONTENTS
Scroll to Top