5 Ways Of Earnings Simple Passive Income With Less Than ₦100k Capital

Now we all know how expensive it is, especially for food, clothes, rent, etc. Hence, an additional source of income is needed.

Passive income is the best way to make more money without stress. There are several ways to generate passive income without much effort and with little start-up capital.

In this article, we have compiled 5 ways to earn passive income for less than 100,000 Naira (Nigerian Naira). Read, act and give feedback.

1. Real Estate Crowdfunding

Aside from the cryptocurrency boom, no other economic sector has produced more millionaires than real estate investing.

Real estate crowdfunding is a way to invest in real estate by pooling your resources with other people interested in real estate investing. It can be online or offline. This allows you to buy real estate (physical or virtual) with little investment and make real profits in less than a year.

Some online crowdfunding platforms you can invest in are: Rise Capital and Coreum RE.

(Disclaimer: do your research before investing in them, we are not affiliated with them).

2. Oil and gas trading

Not everyone knows that you can get into the oil and gas marketing business without breaking the bank. You can start as an independent broker or partner with leading importers. Yes, you can still do this job with less than 100,000 capital without getting tired.

The business mainly works according to the “cash on delivery” principle. It is said that you can get into this business without investing more than 50,000 yen. You can also get other brokers to work with you as long as you pay them a commission on the profits they make for you. You don't even need office space. This is a very profitable trade that can bring in over 200,000 yen in just one trade.

To learn more and get full details on how to start an oil and gas marketing business with little capital read How to start an oil and gas marketing business with no capital.

3. Peer to peer lending

This is another great way to earn passive income with little investment. The required amount for this type of deal can be a little over 100,000 on some platforms, but a little less on some platforms.

Here you lend someone your money on a peer-to-peer lending platform and receive interest after a certain period of time, usually 30 days. The profit can reach 12%.

You can invest with affiliate or carbon . They offer a good investment return of up to 20% per year.

4. Side job

There are many legitimate online businesses that can generate more than 90,000 yen per month with a starting capital of around 100,000 yen. It's easy to do and even with a smartphone.

No special skills are required. Check out some of these reliable side businesses to learn how to decide which one is right for you.

• Gift card trading
• dropshipping business
  
• Digital / Email Marketing
• graphic design
• etc.

5. Mutual Funds

According to Investopedia , mutual funds are a type of investment product that pools the money of multiple investors into one investment product. The fund then focuses on using those assets to invest in a pool of assets to achieve the fund's investment objectives.

A good example of this is Stanbic IBTC Asset Management.

With as little as N5,000 you can invest in Stanbic IBTC Mutual Funds to increase your income and earn long-term capital gains.

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