You may be making enough money right now in your business or job but what about the future? If you’ve got some extra cash lying around, maybe you should invest it into something that will give you a financial return on your investment.
You need to use your money to make more money. So, the question is: How to make money from money? What are the things to buy that will make you money?
It could be really tricky to know what exactly to buy and flip to make money. So here we are, sharing a list of top things you could buy in 2023 that would help you make money.
15+ Legit Things To Buy To Make Money
As you know, we are living in a time of rapid technological change and exponential growth of data. This means that you need to invest in the future in order to reap the benefits of the new technologies that are emerging.
This is especially true if you want to make money. Here I will be discussing the top things to buy to make money easily.
I have divided this list into two categories; the first one is the list of “Physical Things” you can buy to make you money and the second one is the “Digital Things” in which you can invest to make money.
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Physical Things To Buy That Will Make You Money
Would you rather spend money on a product that has a thousand copies in the market or something which is a limited edition?
The idea that something is in short supply makes the object that is ‘scarce’ even more desirable. And, if that object is something that is in demand, its price can go through the roof.
The reselling business works the same way. When you hoard something which is unique and not very much available in the market, you could sell it later for a higher price.
# Limited Edition Sneakers
Sneaker collecting is a thing. If you can find a good deal on a limited edition or even more popular model, the reselling sneaker business can be incredibly lucrative.
Some of the limited edition sneakers are:
- Nike Air Force 1 Low Kith
- Nike Air Max98 MSCHE x INRI Jesus Shoes
- Nike Dunk SB Low Staple NYC Pigeon
- Air Jordan 12+
- Travis Scott Air Jordan 1 Nikes
- Nike Air Yeezy 2 “Red October”
The list is endless.
Here are the best-reselling Sneakers sites that you can explore to resale your sneakers and make money out of them. – Goat, Stockx, The Mainstreet Marketplace, CrepDog Crew, and Find Your Kicks India.
# Vintage Clothing
Finding vintage clothes for sale can be an exciting discovery that leads to profit down the road. It could take time but it will all be worth it if you could find something valuable from the past.
The best ways to source vintage clothing inventory could be some of these:
- Consignment shops
- Thrift Stores
- Flea markets
As you are sourcing vintage clothes, be sure that you inspect each piece closely. Some pieces might be damaged.
There is no dearth of platforms where you could sell your vintage clothes, some of them are: eBay, Etsy, ThredUp, Tradesy, Depop, and Poshmark.
# Buying and Flipping Real Estate Properties – A House or a Shop
Another thing to buy that will make you money is real estate. It is one of the best ways to use your money to make money, buy a property and rent it out.
There’s never a shortage of homes for sale. Plus, with home prices on the rise, more people are renting than ever before.
As the population continues to grow, the demand for housing will also continue to rise, making real estate a great investment option.
You can also buy a small shop in the downtown area for cheap and rent it out. Or you can also lend some money from the bank, purchase a shop in a shopping mall and rent it out.
Also, since the value of property keeps on increasing, it would save you a huge profit even when you decide to sell it.
It’s what makes real estate properties one of the best things to buy that will make you money and an excellent investment opportunity.
# Buy Art
A piece of art? Yes, you read it right.
This may sound like an unusual thing to invest in, but the rarer the piece of artwork, the more it is appreciated as time goes on. Art has become a lucrative investment over the last few decades. Fine art ages like fine wine.
Now, it might seem impossible to get any real investment returns on your initial buy, but if you have some good knowledge about art, you could invest in current artists who you think will become big in the coming years.
Here are a few online places you can visit to buy or sell a piece of art – Artevenue, SaatchiArt, and FineArtAmerica.
# Buy a Car and Rent it Out
One of the things you could buy to make money is buying a car and making money out of it. How? Rent it out. You could, for instance, buy a classic car from the 1990 or ’80s, and then rent it out.
In order to make the rental and usage of vehicles more efficient and convenient, several companies have created car-sharing apps and services like Turo.com in US and Canada.
To earn money by car rental in India, you need to register your car as a commercial vehicle. But once you do, you could approach several car rental businesses like ZoomCar, Revv, etc.
# Buy a High-end Professional Camera
Wondering how buying a camera would help you make money? Well, if you know some photography, you could make money by selling your photos. You can sell it on platforms like 500px, Fotomoto, Shutterstock, Adobe Stock, etc.
That’s not it, you could start an Instagram page and upload your photos to gain an appreciation for your work and attract prospective customers who would love to hire you or buy your work.
Use your photography skills to make videos and start a Youtube channel and build your community. Soon, you would be able to earn money through that as well.
Some of the most popular Youtube channels are Jamie Windsor, Jessica Whitaker, The Art of Photography, Sean Tucker, Peter McKinnon, etc. Subscribe to these channels to take some photography inspiration from them and analyze how they grew their channel.
# Buy a Musical Instrument
Wanting to learn a musical instrument for a long time? Now is the time. Don’t just do it for yourself, do it for the extra cash you can make through it. So, buy one if you haven’t already.
YouTube is one of the most popular platforms to showcase your talent. The website is free to use and creators who upload their videos to it are being paid when the subscribers and views on the videos are enough. Opportunities are just too many, once you start practicing the musical instrument seriously.
On top of that, you get known for your talent and get further opportunities in your industry.
# Sell Promotional Products
In 2021, in the USA, the promotional products industry sold over $24 billion in total. You can build a promotional products business from your own home. Moreover, selling promotional products to make money allows you from the very beginning, and without typical overhead expenses like most businesses.
It is important to choose what kind of promotional products to sell. Here are two good and efficient products for your reference:
Custome pins (custom pins) are one of the general and popular products chosen by most people. These metal custom pins act as an extension of people’s personalities and give them the chance to customize and accessorize jean jackets, backpacks, hats, and more.
Custom lanyards have become an increasingly popular choice to make money. They’re a surprisingly functional type of merchandise that allows people to keep valuables.
Digital Things To Buy To Make You Money
In today’s world, digital technology has become an integral part of our lives and is impacting nearly every aspect of our lives. With so much at stake, it’s essential that you start investing in the future now.
In the earlier section, we discussed multiple things to buy to make money by flipping or renting physical products. However, there are a number of different things you can buy to make money online, and most of them don’t require you to physically sell anything.
Here, we’re going to take a look at some of the most popular things to buy to make money digitally.
# Invest in Stocks and Options
Investing in stocks is the first option that comes to mind for all the good reasons. Buying stocks would become an excellent source of passive income over the years.
A lot of millionaires today made fortunes by investing in stock markets. We all know buying low and selling high is an age-old strategy for the stock market.
But, before you invest your money in the market, you should know how the markets work and what types of companies are worth investing in.
With some logical thinking and sound investing strategies, you can earn good dividends and make a healthy income.
# Invest In Gold
When the return on stocks and other investments falls, people look for other places to invest their money. One of those places is gold.
Gold is one of the most stable assets that exist, and it is considered a safe medium of wealth. Hence, one of the best things to buy to make money has to be gold.
During times of economic crises and collapses of currencies, people who own gold have a protected form of wealth, which is, gold.
It can provide a safe haven against rising prices of commodities.
# Invest in Cryptocurrencies
Cryptocurrencies are becoming more and more popular, and their value is only going to continue to increase. You can invest in the future by buying cryptocurrency. This can help you to earn money. It can even help you to save a lot of money in the long term. You can buy it from a reputable website like Binance, Coinbase, UPHOLD, etc.
Bitcoin is one of the most popular cryptocurrencies. It’s also the first cryptocurrency. The other popular cryptocurrencies are Ethereum, Ripple, and Litecoin. They are all based on blockchain technology, which is why they are so valuable.
It’s important to note that the price of cryptocurrencies can fluctuate dramatically, so you’ll need to be prepared for this.
# Buy NFTs – Trade Cryptocurrencies
NFTs are Non-fungible tokens. They are to guarantee your ownership of a particular asset. NFTs aren’t a quickly passing fad. They’re here to stay.
Cryptocurrency is the currency that you will need to buy NFTs. Cryptocurrency startups are a huge part of the blockchain world. There are so many innovative projects in the blockchain space, and the possibilities are endless.
The idea of buying NFTs is to sell them at a higher price to make money. Investing in NFTs is a great first step into a revolutionary future.
You can explore NFT marketplaces like Binance NFT, OpenSea.io, etc.
# Buying and Selling Domains
There are many ways to make money online with domains. One way is to sell domains that you already own. Another way is to register new domains that you think might be valuable. A third way is to resell domains that you find for sale.
The best thing about buying domains is that it can be done from anywhere in the world. You don’t need to be in the same location as the person who owns the domain. You can purchase domains online and then transfer them to yourself or another person.
You can buy domains at a low cost from Namecheap, Domain.com, Google Domains, etc.
# Buy a Website
One of the best things to buy and resell to make money is a website. Building a website is easy but it is difficult to maintain. It’s a challenge to update the website with up-to-date content.
A lot of blog sites exist that the owner doesn’t want anymore. All you need to do is buy and then transform it with a fresh coat of paint.
This will make the website more relevant and appealing and help you get higher traffic, which means you could get a higher price for selling it.
If you are a tech-savvy person and have a passion for search engine optimization, web design, and HTML, you can make big money by flipping websites. Flippa is a great place to buy and sell websites.
# Clearance Items
Clearance items are products that are sold at a heavy discount. When you buy clearance items, they are usually at reduced prices because manufacturers are not interested in them any longer.
There are multiple ways to make money with clearance items –
- Offering popular brands in a clearance sale can make you money.
- It is possible to profit on a clearance item if you are the only supplier of a popular product or brand.
- If you own a popular product or brand, then look for stocks at bankruptcies or wholesalers, or sell the items you bought on eBay or Craigslist.
- You can make more money with clearances if you create a sense of urgency.
# Invest in a Money-Making Course
Invest some money to make some money. Why not learn from experts?
We put together a list of helpful courses to get you started in making money online. All of these are the most recommended around the world.
- A Crash Course in Data Science by John Hopkins University from Coursera
- Enchanted Marketing’s 16-Part Snackable Writing Course
- Introduction to Computer Science and Programming Using Python
- General Transcription: Theory & Practice
- HubSpot’s Email Marketing Certification course
- Crash Course in Infographics with Easelly
- Seth Godin’s “Freelancer Course”
Further, you can also explore online course sites like Skillshare and Udemy.
# Become an Affiliate Marketer
You must have a strong online presence to become one.
Affiliate marketing is one of the most basic ways for retailers to leverage their own websites to increase sales and traffic.
It is a relatively inexpensive, quick, and easy way for a retailer to get in on the ground floor of a new product line, as well as build brand awareness for products.
Some of the above are the things that you can buy right now, while others are items that you will need to wait a little longer before you can afford them.
The future is uncertain and the world is rapidly changing. However, I believe that buying these things will be a valuable future asset that would make you money.
Among all the things stated above, which one is your pick?
Do you have any suggestions to buy something that could make more money? Please share your ideas in the comments below.