Looking for some new online investment opportunities for 2020? Here are 5 ideas that could help you reach your financial freedom.
P2P-lending is probably the easiest way to make some money online, even if the returns are not that great if you don’t have a big amount of cash to invest in the begginging.
Essentially, peer-to-peer lending means lending your money to individuals or businesses through online services while in return you get the total amount of money that you lend plus a small percentage for the profit. This means that your money could be making you money and all that you have to do is wait to cash out.
With many users treating to quit due to the huge volume of ads, YouTube creators are actually rubbing their hands with the platform now generating more revenue than ever. What does this mean for you? 2020 might be the best year to start a YouTube channel and cash out from that YouTube fame.
But be aware, YouTube virality is not that easy to achieve. On average, youtubers spend about 20 hours per week to film and edit their clips so that they can keep their fans engaged. Do some proper planning before launching into this high-risk high-reward adventure.
Buy & sell online domains
Often referred to as a thing of the past, buying and selling online domains is still a profitable business if your stick to some basic rules. First off, do some proper research about trends and keyword volume searches before buying a domain.
Nobody will be interested in buying ultra-small domains but if you manage to land with a domain that’s related to a huge volume of searches each month, that’s a jackpot. Just head to Google Keyword Planner to research your domains and to eBay.com, Afternic.com, Flippa.com or Sedo.com to list your domains for sale after you’ve purchased them.
Do you have a business idea but you don’t have the cash to make it happen? You don’t need to worry about that any longer as Kickstarter is here to help out by allowing you to create an audience for your project. With 75% of the projects being approved by the platform each year, all you need is a solid business plan to be set to go in the business world.
Kickstarter is currently funding more than 1000 projects from independent documentary films to medium-sized ventures.
The potential of online retail is at an all time high with e-commerce being predicted to hit $6.542 trillion by 2023 on a worldwide scale. The latest e-commerce growth forecast from eMarketers suggests that online sales will increase with 16% in 2020 alone.
This means that e-commerce is a great opportunity for everyone that plans on chasing some online profits next year.