Everywhere around us, we are experiencing structural change-the transition toward everything being done online. When our economy is in a slump due to this pandemic, regular jobs will be hard to come by. How can I make money in India? This is the most common question over here. With work from home jobs becoming the next big thing, one can certainly switch to online jobs. Online jobs rank among the easiest income opportunities in India. Spending time on things that will pay you back is the best thing to do. Now, you can earn money online in India in several ways. Let's have a look!
Did you know?
When a customer makes a purchase, multiple factors decide what they buy and from which brand and seller. But, among these factors, there are five that invariably seem to affect the buyer’s decision to purchase a particular place or not. These are:
- Competitive pricing
- Multiple payment options
- Several enhanced delivery choices
- A great return policy
- And the availability of information about the product/inventory
How to Earn Money Online
Want to learn how to earn money online, right from the comfort of your living room?
E-commerce has made it very easy for consumers to sit at home and order their daily necessities and luxuries. E-com giants like Amazon, Flipkart, Snapdeal, Myntra, Big Basket Lenskart, and Meesho have massive penetration in the country. This also means that it has become easier for people to sell products and services from the comfort of their homes. The following pointers will explain how you can earn money online while using the internet:
Sell Products in Marketplaces Online
If you are trying to learn how to make money, know that one of the first options you have is selling products online.
Firstly, find a niche product in the market, a product in high demand, or even a product that solves a problem. Now that you have a product, you need to speak to some suppliers and get that product in bulk.
The next step would be to get a GST certificate and register your business and use that to get listed on online marketplaces like Amazon, Flipkart or Meesho, depending on the product you have picked.
Once you have registered your brand/store online, you can now use the tools available on these marketplaces like sponsored ads, featured products, prime and even google analytics to promote your brand/store and products and make money from home.
Freelancing to Earn
Wondering how to make money online? Freelancing is a great option.
If you don’t have enough funding to start selling in online marketplaces, you can use the skills you have to pick up freelance jobs and make money online.
The most in-demand freelance skills today are graphic designing and content writing. You can sign up on websites like Guru, Upwork, PeoplePerHour, Kool Kanya, Truelancer, Internshala and Freelancer and start your journey to earn money from home. After completing a few tasks, you can start building a portfolio and serving clients.
Open a Cloud Kitchen
A cloud Kitchen is a restaurant that only serves food in the form of a delivery service or take-away. Cloud kitchens have become a massive trend recently because of their low cost of operation and higher margins. People have been engaging in online money earning by merely optimising their home kitchen to serve food during the pandemic.
Another advantage of a cloud kitchen is that you do not even need to figure out how to sell your products. Having access to platforms like Swiggy, Zomato, Uber Eats, and even Dunzo means that they can take care of the delivery and fetch you hundreds of customers. Therefore, you can start your very own cloud kitchen and serve something yummy to make money from your home.
Earn Money in the Stock Markets
The pandemic has shown us multiple ways to earn money online. One of those is the stock markets. There are multiple ways you can earn money in the stock markets.
- The first way is to make long term stock investments. You can research and invest money in companies you think have good potential in the future and solve real-world problems of today. Blue-chip companies are always a safe bet. For example, Reliance, HDFC Bank, TCS, and Tata Motors are good companies.
- The second is Dividend Income. Companies that are highly profitable pay regular income to their shareholders in dividends. You need to do your own research and invest in companies that pay high dividends. Examples include ITC, IOCL, and Bharat Petroleum Corp.
- The third way to earn money in the stock markets is trading. You can start trading some stocks and make money in the comfort of your own home. However, this may be a little risky, and you will need to do some proper research before you buy and sell stocks in the short term.
Please note that the stocks mentioned above are not stock suggestions but merely an example for your understanding.
Earn Money while doing Data Entry
Data entry jobs are another way to make money sitting at home. To complete these tasks, all you need is a computer, the Internet and Microsoft Office. You will need to sign up on reputable websites like Freelancer, Data Plus, Axion Data Entry Services and Guru, and you can start making money online with data entry. Once you have completed a few tasks, you can use this experience to land jobs at multinational companies and work from home.
List on Airbnb and Make Money
You can make money online with the help of Airbnb. Airbnb is a website that provides holiday homes and rooms for rent to travellers and tourists. What you will need to do is:
- Find a tourist destination around the city that you’re living in and rent an apartment or a home from the owner of that building.
- Then you can set up the place as per your liking and take nice pictures of that place with a professional photographer.
- You will then need to list that place on Airbnb as a holiday home, and you will get bookings from travellers to that destination.
- For example, let’s say you’re renting a place in Manali for ₹10,000 per month, you can list the place on Airbnb for ₹1,000 per night, and even if you sell the place out for half the year, you will earn money.
Since your yearly expense is ₹1,20,000 and your income from bookings for 182 days will be ₹1,82,000, you will make a cool profit of ₹82,000, and you will have made money sitting at home.
Translate and Earn Money
You can make money online if you are fluent in numerous languages. People are in high demand to interpret everything from documents to voicemails to papers, subtitles, and much more in this global age of communication. Freelance websites like Freelance India, Upwork, and Truelancer are great places to locate translation employment.
If you know enough Indian languages, you can easily make a few thousand rupees a month by working for a few hours every day.
However, if you know a foreign language (such as French, German, Russian, Spanish, Japanese) and possess a certificate in that language, you will be able to make money abundantly depending on the language and the client you may be working with for. All you need is a pair of headphones, a laptop and an internet connection.
Make Money with Crypto
Cryptocurrencies have been trending for quite some time now, and Bitcoin has been hitting all-time highs and has been the most sought after digital asset in the world. Cryptocurrency is considered a high-risk investment option by financial experts. However, high risk also yields a high reward, and you will make money online.
The current worldwide cryptocurrency market capitalisation is ₹200 lakh crores, and this value is likely to climb sharply in the near future. With these ideas, deciding whether or not to invest in digital currency can be an informed decision.
Investing in cryptocurrency requires the same level of diversification as any other type of investment. Don't put all your eggs in one basket because you've heard about Bitcoin. Investing in various digital currencies is the greatest way to spread your risk.
For example, Ethereum, Solana, Cardano, Polygon, Binance token and Ripple are all looking good. The probability of you making money on these projects in the long term is quite high.
Earn while Building Websites
With the internet spreading like wildfire in the country, every small and medium business is aspiring to go online. Every businessman wants to promote his business through websites and google.
You will be able to make money from home by just building websites for clients with the help of tools like Shopify, Wix and GoDaddy. The process is quite simple, and you will be able to learn it in no time. You can find clients on websites like Guru, Upwork, Fiver, Truelancer, and Freelancer.
We hope the above nine ways have added value to your quest in making money online from your home. Explore the one that you find the easiest to pick up and excel in so that you will be able to make money flawlessly.