The business world is vast. But many Investors tend to think only concerned about buying company stocks and earning interests when they record gains. Which is why I am here to introduce to you, other means of earning income passively and without hassles.
Let’s go on.
1. Art Collections
If well preserved, Artworks can earn a fortune. Crafts by Leonardo Da Vinci have transformed many sellers into fortune Billionaire in US Dollars.
Here are details you can observe if you want to buy artworks that will spill revenues when re-sold
· Buy original copies of artworks.
· Buy those crafted by famous artists.
· Research on the artwork, artist, as well as the credibility of the dealer or broker.
· Autographed artworks have more value and will record even more.
· Art fares, galleries, auctions, and online are your buying markets and even points of sales.
Physical factors such as exposure to humidity, heat, dust, and moisture have been attributed to the decrease in value for art worms. To save them, they are advised to be put in a safe box with temperature and humidity regulators.
Art collections you can buy include paintings, sculptures, figurines, carvings, classical music collections, photography, and video.
What is unique about art collections is they are unaffected by stock market performances. So stock markets can crash while your art collection keeps appreciating. However, cases of exposing art collections by hanging them is an invitation to Art burglars and a high chance of it losing value.
2. Real Estate
According to Forbes, in their top ten industries of 2019, about ten percent of Billionaires are real estate investors. That goes to say that the industry is, and remains a cash cow.
There are many ways to invest in real estate business by investing in commercial real estate, rental properties, flipping houses, and Airbnb properties. If done wisely, you can become a billionaire like other successful names.
However, you are advised to partner with real estate agencies, find brokers and lawyers, ask some failed real estate investors out for dinner, and draw lessons from their experience.
On the alternative, Fundrise is a real estate investment platform, the minimum investment amount is $500, and you can have a 9.11% annual average returns.
3. Cryptocurrency
Cryptocurrencies are digital currencies, in contrast with legal tenders like currency notes and coins. Cryptocurrencies, including bitcoin, ethereum, litecoin, ripple, are traded on the internet in a blocked web. Although some countries have banned the trading of cryptocurrencies, many others are indifferent towards it, thereby aiding the surge in its value.
Case in hand is ethereum, a cryptocurrency which traded off at 1 ETH to $133.76 in March 2020, only to gain up to $209.42 the following month. Digital currency experts even forecast ethereum to trade off at $3844 in 2025. Now maybe the best opportunity to delve into cryptocurrency trade (especially ethereum). Like other businesses, you need to do thorough research on the world of cryptocurrency to avoid incurring a loss.
4. Peer-2-Peer Lending
This is an excellent way of amassing profits with credible websites acting as intermediaries and points of meeting between lenders and borrowers. Here, you’re investing in people and not in assets. Borrowers like here because no banks are involved, and interest rates are less, lenders, on the other hand, profit from a 5%-6% interest rates on every monthly return.
More so, Investors can also split their investments into multiple borrowers, and receive monthly returns from each one of them, and in varying percentages. Lenders are advised to abide by this approach to minimize your risks. Investors need not worry, though, the website ensures borrowers have excellent credit history and low risk.
5. Business Flipping
Business flipping describes the attitude of starting up businesses with the sole aim of selling it for profits when it appreciates. If you don’t have the perseverance to start a business from scratch, try buying an established one and raise it in value through skillful management.
For instance, you can buy a domain that supplies goods and services, invest more money into it, gain more territory in the market, boost quality and quantity of products, then sell off the domain website for a record staggering price.
6. Developing A Profiting Brand
If you’d like to use your wealth to test your CEO or entrepreneurial, then the rocky terrain of becoming a successful brand owner may test your skills. This route is tough but very rewarding for Investors who pull through. CEO of transportation means like Uber and Bolt make so many profits today than their set-up capital. All you require is to look around you and look for a problem you can solve using your money.
Conclusion
Investments are what marks a good Entrepreneur. While the stock market is high, investors need to recognize and diversify into other cash cows that they may have ignorantly neglected to achieve their ambitions of becoming Billionaires.