We all know how costly things are currently especially food stuffs and clothing, rents, etc. Regular income is no longer enough to sustain ones need. Hence the need for additional source of income.
Earning passively is the best way of generating more money without stressing yourself. There are several ways of earning passive income without putting much effort and with little start up capital.
In this article, we have put together 5 Ways to earn passive income easily with less than N100,000 (Nigerian Naira). Read on, take action and drop your comments.
1. Real Estate Crowdfunding
Apart from boom in cryptocurrencies, no other business sector has produced more millionaires than real estate investment.
Real estate crowdfunding investment is a way of investing in real estate by combining your resources with other people who are also interested in investing in real estate. It could be online or offline. In this way, you can be able to acquire properties (physical or virtual) with little investment and make real good profits in less than a year.
Here are some online real estate crowdfunding platforms you can invest with: Rise Capital and Coreum RE.
(Disclaimer: do your own research before investing with them, we are not in anyway affiliated with them).
2. Oil and Gas Marketing
Not everyone knows that one can go into oil and gas marketing business without actually breaking the bank. You can start the business as an independent broker or partner with major importers. And yes, you can do this business with less than ₦100k capital even without stressing yourself.
The business in most cases operates on "payment on delivery" basis. So with that, you can venture into this business without investing more even up to ₦50k. You can also get other brokers to work for you while you pay them commission from profit they generate for you. You don't even need to have office space. It is very lucrative business capable of generating more than ₦200k for you in just one deal.
To learn more and get full details on how to start this oil and gas marketing business with little capital read "how to venture into oil and gas business without capital".
3. Peer-to-peer Lending
This is another great way of earning passive income with little investment amount. The amount required for this type of business on some platforms may be a little higher than ₦100k but in some platforms, it pretty less than that.
Here, you lend your money to someone on a peer-to-peer Lending platform and your earn interest after some specified period usually, 30 days. The profit could be as high as 12%.
You can invest with Branch or Carbon. They offer good return on investment, up to 20% per annum.
4. Side Hustles
There are tons of legit online side hustles that are capable of generating over ₦90k monthly with a start up capital of about ₦100k. They are simple to do and can also be done using your smartphone.
No special skills required. Check out some of these guaranteed side businesses to learn more on how to venture into any that suits you.
- Gift Card Trading Business
- Dropshipping Business
- Digital/Email Marketing
- Graphics Designing
- Etc
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