Investing can be daunting, especially when you’re new to the process. You want to find safe investments that won’t jeopardize your entire savings in one fell swoop, but where do you start? With so many different investment vehicles available – from stocks and bonds to mutual funds and commodities – how can you choose just one? For beginner investors looking to make money one small investment at a time, check out these five smart ways to invest money safely and get started today.
1) Selling Personal Items on eBay
Selling your own stuff on eBay or Craigslist can be an easy and lucrative way to make money. You can sell nearly anything—if you’re willing to put in some effort and time. It’s also a good way to learn basic skills such as digital photography, shipping and customer service.
Even if you just have some free time on weekends, consider offering your services as an extra source of income (but do be careful not to cross any legal lines with what you sell).
2) Start an Etsy Store
Are you crafty? If so, Etsy is one of the most popular ways to make money. You set up your own online shop and start selling your goods immediately.
There are fees involved with using Etsy, but they can add up if you’re frequently selling items there. To get started as an Etsy seller, create an account and then complete your profile by connecting it with Facebook or LinkedIn.
3) Open an Online Shop on Shopify
Shopify is one of our favorite e-commerce tools for small business owners and entrepreneurs. Not only does it offer an affordable way to set up your own online store, but also has great features for SEO and brand building.
If you’re not tech-savvy or just don’t have time to set up your own site, Shopify is one of the easiest ways to sell your products and build customer loyalty.
4) Rent out Extra Space
If you live in an apartment building, one easy and relatively quick way to make money is by renting out unused space. Simply call up your landlord and offer him or her some free rent in exchange for allowing you to rent out some of your extra living space.
5) Invest in Real Estate
You’ve probably heard that real estate is a solid investment. That’s because it is! Real estate has consistently yielded positive returns, even in a slow economy. And there are plenty of ways you can get involved—whether you want to buy your own home or rent out an apartment.
If you have experience with renovation and property management, maybe you’re ready for your next career move: becoming a property manager for others!