Investing in crypto is one of the smartest decisions you can make right now. The global economy is in a precarious position. Many nations are facing a cost of living crisis. So it is prudent to ensure you have additional revenue streams and investments to ensure your financial security into the future.
The good thing about crypto is, unlike investing in stocks, it is accessible and decentralized. Meaning the value of any given coin is determined by the people, not by a company or governing body. A lot of people only make small investments into crypto. Putting about ten or twenty dollars a week or month into various coins. And this is a great way to slowly build up a portfolio.
But if you’re serious about getting into crypto investment you will need a lot more investment capital. The more you put in, the more you will get out of it. But it is important to never invest more than your means. Which is why we are going to be looking at ways you can earn more investment capital to start your crypto journey.
Most people have wardrobes full of clothes they haven’t worn in years. It is always too easy to assume we will eventually wear that outfit again. Or we might be holding onto it for sentimental reasons. The second hand clothing market is experiencing a massive boom right now. So you should try to capitalize on that fact.
Websites like Vinted or Depop make it easier than ever before to sell your old clothes. You will be surprised at how much money you can make from this. A good pair of sneakers could easily fetch up to sixty dollars. A nice pair of jeans can go from anywhere between ten and thirty dollars. And a luxury dress could net you a few hundred dollars. Provided they are all in good condition. These values, while not massive on their own, quickly add up and will give you a good boost to your crypto investment.
Not everyone has the luxury of owning multiple properties. But, if you are amongst those lucky few, you should consider selling it. It might seem a bit extreme to sell a whole property just to invest in crypto. But the returns you could make could help you invest in future properties too.
Selling properties has become a lot easier in recent years. Companies like priorityhomebuyers pay in cash for your properties. Meaning you don’t have to deal with real estate agents and house viewings. If you do decide to go the traditional route make sure you put a lot of research into which real estate agent you will use.
If you are hesitant to sell your property you could look at renting it out instead. This is a fantastic way to bring in an additional source of income. You can even outsource all the landlord responsibilities to a private company. This will free up your time for focusing on your crypto investing.
If you have an active social media account with a large following then you can easily make some extra money by creating sponsored content. You will undoubtedly have seen a lot of this on social media in recent years. Companies make millions each year from sponsored content.
The idea is simple. They pay you to promote their product or service within your social media content. The more creative you are with the advertisement, the better chance you have of bringing in additional sponsors. To start with you won’t make a lot from this. But, as you progress, you can make a good amount of money. And the good news is that once you start bringing in money from crypto you can stop the sponsored content.
More and more we are seeing people pivot towards the freelance model of working. This is where you are classified as an independent trader and provide services to various companies or people. This is a great way to bring in more investment capital. You get to pick your own hours and set your own rates.
Some of the best freelance fields to get into are content creation. Whether that be search engine optimization or social media content. Anyone who can work in these fields is in high demand right now. If you’re an artist you should consider taking commissions. This is a fantastic revenue source. Social media platforms like Instagram and TikTok are a great place to get your art out there and find potential clients.