When you realize that a passive income would liberate you do the things that you only dreamed about, maybe it is the time to check investments options. Bellow we are presenting 3 options.
1. Peer-to-peer lending
Borrowing and lending of cash using online platforms as a third party, instead the traditional banks and financial institutions, are named peer-to-peer lending. The platform brings together both the borrowers and lenders.
Everyone is drawn to P2P since it eliminates the middleman (that is the bank) and offers much better deals for both the lender as well as the borrower.
Since the rates are much flexible in comparison with traditional financial institutions, borrowers are able to obtain lower interest rates, even though the lender can continue to take advantage of a good interest rate.
If you have never ever heard of Cryptocurrency, do not worry. It might be an uncharted area for lots of individuals though it is essentially simple to understand.
Cryptocurrency is digital currency that individuals on the web use to trade. It utilizes cryptography for safety, transparency and decentralization as it eliminates third party for transactions (banks).
Bitcoin is the most known cryptocurrency but you’ll find various other ones as well, that are named altcoins, which are actually cheaper and could be perfect for you. Plus there are new ones launched. If you follow the market and get to understand what will make a project successful you can bank a hefty profit in a few months. To get you started you can check the reviews on projects using blockchain technology. However always continue your research and do your due diligence.
Also, if this are sparks interest for you be aware that there are some scams that you will need to learn to avoid. At the same time if you decide to invest in an ICO, make sure you are on the right website, that the website is secure and never deal directly to any person stating he represent the company.
3. Investing in established websites
Buying a site is one thing you can consider. In case you wish to avoid the process of creating a website (infrastructure, content, promotion, etc) you can opt to buy a ready made website. The trick is to find those websites that either are making a profit or websites that have potential and they just need promotion. Promotion can consist in SEO, social media promotion and even buying traffic (ads).
Once you get the hang of it, it can be easy and a nice passive income. You can start with www.flippa.com to check websites that are for sell.
I hope that at least you found if this 3 options are suitable for you or not. Keep in mind that everyone has different skills and some are willing to take bigger risks than others. Invest only the money and the time that you are ready to loss in case things go south.