There are numerous ways and tactics to invest and grow your money in a better way. Above all investment is something which enables you to create extra money and helps to have a good financial base in hand. But one has to make sure that he/she stays patient, diligent, vigilant and disciplined within the ethics of money making. Investing small amounts effectively would lead you to ultimate growth. An individual, firstly should analyze the money in hand, the things within his capacity and set realistic goals accomplish the desired task.
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In this piece of article, we will discuss some of the ways that could be adopted to invest, with just $5 in hand to generate money:
Imagine you are given $5 of seed capital to invest and generate or make money out of it. What would you do with it..?? Where would you invest it..?? Well, here we bring you some of the areas where you could invest.
- You can spend $5 to buy a pump or a bike pressure checker. And set a stall at some convenient place and offer to check the tyre pressure of cyclists or bikers.
- You can go into any nearby mall or any trade fair by spending an amount from the $5 as an entry fee. Upon reaching their you can help the small businesses by giving ideas to improve their business or give accurate feedbacks to help the product improve further against money. This would help you earn at the spot as well as help you partner with a business if your ideas prove to be worthy.
- You can make use of your seed capital to set up a small stall of lemonade. This is one of the oldest and the easiest ways to make money. But the scope of making greater amount is less in this. Make sure you set up your stall at an appropriate place, according to the need of the product.
- If you are very good at hosting any kind of presentations or talk about topics in front of a huge crowd, you can make use of it and sell your skill to companies who’s main targets are college students. You can charge varying amounts as per the sessions or shows.
- You can find the person who needs help for editing images, videos, clips, voice recording, etc and charges the amount from them according to the service offered. Then, with the help of online sites you can find somebody who would complete the work for you at cheap rates. Thereby the difference between these amounts is what you actually earn. You can also receive commissions from the new client you bring.
- If you are not looking to generate bigger amounts, and desire to work only for a few hours, that too only for some period of time then you can set up a car wash stand. You can buy the basic materials out of the seed capital and help wash cars, this would help you generate money.
These are some of the tried and executed ways of generating money out of little seed capital. But one can use their own creativity and imagination and generate the money according to their knowledge, capabilities and circumstances.