- Are you looking to buy your dream sports car in the next one year?
- Do you want to know about innovative ways to earn money while continuing with your regular job?
- Have you tried investing as a form of side hustle to make handsome money?
- Is there a ways by which you can clear your debts, mortgages, student loans, while not having to work too hard?
Many people think that investing is not for them. They are barely making ends meet with their normal jobs. Credit card debts are piling up, and saving or investing is not on the horizon. However, you are wrong.
In the 21st century, many people are more than making ends meet with sound investment strategies. They are aware of the latest innovative ideas, which can help in generating extra money.
In this article, we will look at the top five ways in which you can make innovative investments. If you are someone who is asking yourself the set of questions, which we began with, you might want to read the full article.
5 Innovative Investment Ideas in 2020: The List
Invest in Cryptocurrencies like Bitcoin and others-
Cryptocurrencies have changed the dynamics of the modern financial system. Being unregulated, free from government interventions and highly secure, they are emerging as a credible source of investment in the last few years.
Bitcoin trading platforms have emerged, which have enabled normal people to invest in small amounts and gain huge profits in no time. There is some form of stability, which is also a welcome change to protect investments. You can start investing in Bitcoins using bitcoin trading software
Invest in Blogging or Vlogging-
Most people are unaware how profitable a blog or a vlog (video blog) can be monetarily. Of you are passionate about an industry or a niche; you can easily make a small fortune. All you need to do is invest in a small WordPress website or set up your own YouTube channel.
If you are good, you will have brands reaching out to you for sponsored collaborations. You can also use your site for Link Building and Paid Guest Posting opportunities. You do not need to invest more than a couple of hours every day.
Invest in a Dropshipping Ecommerce Website Venture-
Thousands of people are making money from Amazon and other large ecommerce websites. They are doing so either through Affiliate Marketing or by Dropshipping. All you need to do is create a Dropshipping website in an industry niche.
Once you do this, all you need to do is just promote your product on social media and get the attention of people. There are millions of great products on Amazon, which get little or no publicity. You can get fast and stable returns on your investments in short period.
Open a Dog Training, Boarding and Grooming Crèche-
The dog industry is worth over a $100 Billion USD. No matter, which country you are from, pet services are growing at double digits. If you love dogs and want to care for them, why not open up a small boarding, training and grooming crèche.
You can advertise and market the same through leaflets, flyers and social media. Millennials are staying alone and working long hours. However, they want to keep pets. This is a golden investment opportunity that should not be ignored.
- Learn a Foreign Language and become a Translator-
Do you know that Chinese Translators make nearly $90 USD per hour in USA? Learning foreign languages is a great investment. Not only do you add to your skill set, you make decent income in the process.
By translating to and from your local language to another language, you can earn over $1000 USD per month, just working on weekends. If you are able to write the same, you are looking at doubling that amount per month.
There are many credible income-earning opportunities in the world. As most of us are ignorant, we feel that doing our normal 9-5 job is our destiny. By taking out a few hours every day, you can nearly make what you are making working five days a week.
Can you think of some other investments that one can make in 2020? Let us know in the comments section below.