Whether you’re looking for cash to launch your startup or make new investments with, or dig out from mounting debt, a few hundred to a few thousand naira can go a long way. Here’s how to get started.
1. Start a service business.
Launching a service business can be done without a large network, an online presence or much overhead. The easiest way to start is by telling people in your existing network what you’re offering and asking them to spread the word.
2. Invest in real estate.
Becoming a landlord isn’t always practical for those who are employed full-time and already strapped for cash. But you can look at buying a condo or small property in another country as a vacation getaway instead. The price tag is typically cheaper, even when you hire a local property management group to manage renters while you’re away.
Commercial real estate can also be a lucrative way to invest and earn passive income, even without a large down payment
3.Host an event.
You can make money hosting events without aiming for thousands of sign-ups, vendors and high-profile guest speakers. Instead, form a free MeetUp group on a topic you’re knowledgeable about, like growth hacking, and run free events.
After you secure a loyal following, charge for an events with a reputable guest speaker. Rent out a small, upscale conference room at a nearby hotel, and grow your new MeetUp by hosting exclusive, sought-after events that charge a premium for fantastic content.
4. Launch an online resource.
Share your expertise by launching an online ebook or course to help others while you earn passive income and If writing ebooks isn’t your strong suit, launch a video course or bootcamp instead
SOURCE: ENTREPRENEUR
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