Land, as it is also referred to as “Earth” is in fact, one of the most productive and profitable Natural resources in the world and will continue to be. A simple demonstration is what happens after a farmer tills the land for planting. It starts to grow and certainly springs forth harvest in full. What farmers entirely do is “Invest” and follow due process before harvest.
With this knowledge, acquiring land is the best investment you could possibly have. On the other hand, you ask yourself “What can I actually do with a land?” Not to worry, this article (How to make Passive income with a land: 4 ways) will give you a clear insight into how that land you just acquired or are about to acquire will bring profit to the table. th
1) Building houses and putting them up for rent or lease:
You would agree that profits come out of quality products. A house built to standard will definitely bring returns to its landlord. Imagine building a storey building (2- bedroom apartment) with N3,000,000. You will get back the capital and with the money used in purchasing the land in a few years, maybe 2 or 3 but you will. So what happens afterwards? Profit! That money can go into yet another purchase of land and building. This is already business in play.
2) Another to make passive income with a land is Agriculture:
This is a wide but lucrative business to go about with the land you just acquired. It has diverse branches, i.e. areas and not majorly about planting and harvesting that we would originally think of when we hear the word “farming”. The following are some of the branches of agriculture that can generate wealth for you on that land. They are;
a) Fishery
b) Crop production
c) Animal husbandry (rearing animals)
Fishery: This aspect of agriculture involves the rearing of fish and making them available to consumers. The demand for fish in all societies today is insatiable and will continue to be as long as we live and it continues to be a source of protein. First, have a pond constructed and one with a good drainage system for easy inputting or flushing of water into or out of the pond. This business isn’t difficult as some people describe it to be. All you need is the right and accurate knowledge about it and you are set to begin.
Crop production: Farmers are great investors because, without them, starvation and scarcity of food will be the order of the day. From rice to beans, yam, cassava, maize, tomatoes, pepper, oil plantation, fruits and the likes; are consumable and sorted for, every minute. If you are a farmer supplying for the food market, you make a lot of money and business goes on.
Animal husbandry: Meat is one part of food nobody rejects. On every occasion, meat is served. In every home, meat is eaten. Maybe it is not eaten in a few homes. Have you checked the price of a goat, cow, ram, chicken or turkey? Especially when festive periods are near. The prices of each animal tend to inflate (increase) and yet they are purchased in large quantities.
3) Land banking: Is another way of making passive income
All there is to do is keep the land, probably have it fenced and as long as the value of land keeps appreciating, it’s a great deal for you. So, if for instance, you purchase land for N500,000 within a year it is resold for N800,000 or even more. i.e. N300,000 extra gain. To learn more about land banking click here
4) Industrial buildings:
Constructing a company or organization is also a way of generating profit for oneself. First of all, it’s your property and there’s no paying of rent.