Everyone wants to get rich, but not everyone wants to work way too hard for it. As they say, work smart, not hard. While there may be safer routes to choose from when looking for ways to earn more, there are also unique and niche markets that can be taken advantage of.
These types of investments can lead you to success while also giving you a lot of inspiration and excitement, not to mention the additional learning you gain along the way. Here are some of those investments you can consider and hopefully truly earn from.
Invest in Agriculture
No matter the market situation, one thing remains true: we all need food to live. That’s why investing in agriculture is a good move. Many investment experts see agriculture as almost recession-proof, if not recession-resilient, at least. However, investing in agriculture doesn’t mean buying a farm or becoming a farmer.
There are several ways you can invest your money in it, either through farm-focused real estate investment trusts where real estates are leased to farmers or through exchange-traded funds that deal with the agriculture sector. There are many other ways to invest in the agriculture sector, and learning more about it will open you to a broader world of investments.
Invest in Niche Items and Memorabilia
When we were kids, we always wanted to collect our favorite toys, magazines, cards, and other things we took an interest in. This often carries on to adulthood, and there are so many people out there who would be willing to spend so much on their hobbies and vied items.
Do not underestimate the buying power of collectors. In general, there are two main types of collectors: those who like old and rare items and those who want to have one of each released model. You can see the latter one very commonly in sneakerheads who would wait in line to grab a pair of the latest release of Jordans or other shoe brands.
It may look like an easy opportunity to profit from this aspect, but because it’s such a common hobby, you will have a lot of competition. On the other hand, if you want to take advantage of niche items, which can be hard to come by but are worth thousands, a good eye for vintage and patience are required.
Invest in Your Own Home
Another interesting way to invest your money is by investing it in your house. That means investing in value-increasing upgrades and renovation to your existing property. This will not only make your home profitable should you ever decide to resell it, but it also makes your experience living in that house a lot better.
Upgrades that maximize the space and increase square footage are among the most popular ways to improve the resale value of a home. You can get expert loft conversions or basement finishes to increase its value multiple times over. Another way is to update and modernize your home by integrating smart technology features into it.
Invest in Precious and Rare Metals
You can diversify your investment portfolio even more by investing in rare and precious metals like gold and silver. Of course, these metals are long known for their value. But nowadays, more precious metals exist, and they make for great investments. Metals like platinum, palladium, and copper provide high value and have many funds and investment services dedicated to them.
These rare and precious metals have a consistent track record and performance history, making them a good investment. Of course, rare metals don’t guarantee a grand return on investment. There are still risks, but they’re considerably more secure. Investing in rare and precious metals is an effective way to expand your investments and can be an “invest and forget” scenario for you.
Invest in Warehouses and Storage Facilities
Much like the real estate industry, storage is a need that can be turned into a business and will create revenue. Warehouses are still ultimately a part of the real estate industry, but they fill a niche that’s specific and always has a need.
Inventory and logistics companies always need warehouses, and the changing market is making that need stronger. Especially with e-commerce fast becoming the leading form of transaction, warehouses are set to become a significant investment in the near future.
Being an entrepreneur means always looking for innovation and creativity to allow your business to flourish. Whether you are looking for solutions within your company or looking for other ways to increase your assets and revenue, it’s never bad advice to think outside the box. With luck and wise thinking, you can take advantage of these unique investment forms and even have fun doing it.