A Step-by-Step Guide on How to make Money in Tech

Money keeps the world going. Imagine what would have happened had China chosen not to lend Nigeria money. The situation of the country would have been more chaotic than it is. To help you avoid begging people for urgent 2K, we shall discuss how to make money in tech. Also, we’ll discuss how to use technology to make money. Let’s get started. 

Career Paths that can Fetch you Money in the Tech World

If you’re looking for information on how to make money in tech, you’ll find answers here. This part discusses some career paths in tech that will get you money.

1. WordPress development

WordPress development will show you how to create customized sites. It is a versatile and highly adaptable CMS (content management system). As a WordPress developer, you can also learn how to create themes, install plugins, and offer maintenance services. Some of the programming languages you’ll need to learn are CSS and PHP.

2. Data analytics

The data analytics skill lets you obtain raw data, break down data and interpret them for decision-making. 

3. UI/UX (User Interface/User Experience) design

This is also another aspect of the tech industry that deals with researching users and their needs. You will then develop wireframes and prototypes for sites and apps for those users. Then, you’ll get users to try them out and share feedback. Some of the tools for UI/UX design are Figma and InVision.

4. Cybersecurity

This is also a tech in-demand skill that deals with the protection of internet-connected systems from cyber attacks. A strong cyber security strategy can provide a good security posture against malicious attacks designed to access, alter, delete, destroy or extort an organization’s or user’s systems or sensitive data. As a cybersecurity expert, you’ll protect organizations from unauthorized user access. Once you’ve chosen a path, you can begin to apply for entry-level jobs in the field.

5. Artificial Intelligence (AI)

Artificial intelligence is the simulation of human intelligence processes by machines, especially computer systems. Specific applications of AI include natural language processing (NLP), speech recognition, and machine vision. AI requires a foundation of specialized hardware and software for writing and training machine learning algorithms.

AI systems generally work by ingesting large amounts of labeled training data, analyzing the data for correlations and patterns, and using these patterns to make predictions about future cases. 

Examples of AI are chatbots, smart assistants like Siri, the personalization feature on social networks, self-driving cars, etc. Similarly, some career opportunities in AI are NLP engineering, big data analysis, UX development, etc. To venture into AI, you need to learn one of Python, C++, or MATLAB.

If you are thinking about how to make money in tech through these careers, worry no more. Visit a social networking website like LinkedIn or platforms like Indeed and Glassdoor. On these platforms, you’ll discover more in-demand tech jobs and the requirements to possess. 

Ways to Use Technology to Make Money

In this subsection, we shall show you how to make money from tech. Let’s dive in. 

1. Creating digital products

Gather your thoughts on what you know best, create a digital product, and sell it as a course. You could even compile it to make a book. Then, you can sell it on Selar, Amazon, etc. Likewise, you might choose to engage your buyers with how-to videos. If you need to make thumbnails or book covers, you can use Canva. 

2. Selling products online

You can make money in tech by selling other people’s products or services and earning a commission. This is called affiliate marketing. Some of the affiliate marketing websites in Nigeria are Expertnaire, Learnoflix, etc. 

3. Tutoring

Don’t be surprised to see this as one of the ways of making money in tech too. Gone are those days when tutoring was limited to handling physical classes.

Now, tutoring takes place virtually. This is done through video chat and online tutoring platforms like YouTube. You can also teach on educational platforms like Udemy and Coursera. An example of a YouTube channel where you can learn business skills, SEO knowledge, etc., is Insight Digital Academy. 

4. Sharing music or art on online platforms

Traditionally, music was recorded and sold in audio and video tapes. Nowadays, it’s easier through technology as there are many online platforms where you can upload your songs. These include Spotify, Apple Music, and Audiomack. You begin to make money from those songs people play or download them. 

Likewise, you can sell NFTs (non-fungible tokens. They are cryptographic tokens that exist on a blockchain. They are real-world items like artwork, music art, and even real estate but in a virtual capacity. NFTs are generally sold on marketplaces with different processes depending on the platform of your choice. Essentially, you’ll upload your content to the marketplace, turn it into NFT, and wait for it to sell. It’s similar to selling items on e-commerce stores.

5. Freelancing

Freelancing is working for a client or more without permanent employment. Freelancers often take on multiple projects with different clients simultaneously. They handle contract work part-time or full-time and often sign agreements before starting projects. 

The client pays per project, task, or hour with freelancing, depending on the agreement. As a freelancer, you can work virtually and connect with your client through project management apps. Some tech-related freelance jobs are UI/UX design, web development, technical writing, etc. 

6. Joining online communities

If you’ve acquired the necessary tech skills, you need to connect with like minds. You can join Facebook, WhatsApp, or LinkedIn communities of people you share the same career path. Contribute to discussions, answer questions, and offer solutions. This way, these people will identify you as an expert. They can then reach out to you with available jobs. Likewise, you can bid for available jobs and get them because they already trust you. 

There is money in the tech field. It is left to you to tap into the available opportunities to access it. Having shown you how to make money in tech, it is time to acquire the necessary skills and connect with the right people.

Join our Whatsapp Community and meet people that can contribute to your knowledge and help you settle into the tech world.

About Author

Oluwatosin Ajayi

Oluwatosin Ajayi studied Mass Communication in Adekunle Ajasin University. She has a flair for content writing in cybersecurity. Her journalism experience helps her to research topics in-depth. She then uses her communication skills to pass across facts in digestible forms. Oluwatosin also writes fiction in her leisure time.

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