Have you been thinking about utilizing your leisure time wisely to create a passive income stream? Have you been wondering if there are some ways to earn money without having to clock in 6 to 8 hours every day? You are not alone!
Earning an extra income isn’t as difficult as it used to be. This is because there is an array of opportunities today to earn money online in India during your free time. However, you must put in enough research to find out what can help you get the most benefit and what best complements your strength.
In this article, we will talk about ways to earn money in your spare time in India and generate a passive income source. Read on.
If you are passionate about writing and possess good writing skills, then writing articles online can be a great source of extra income for you. People all around the world pay for writing jobs. You can find such jobs and ask for projects to earn money online. Here are some platforms where you can find freelance writing work:
You can also submit your own work and get paid on approval on platforms, such as Narratively, EatingWell, A Fine Parent, etc. Moreover, if you have a niche in mind, you can find related online platforms that can pay to publish your blogs on their websites.
If you usually save money every month without any return, you can try trusted chit fund apps. This way, you can pool up money with other verified users online and earn interest on your savings. It can be a perfect solution for people who cannot invest a lot of time to generate an extra income stream.
Chit fund schemes are effortless and can also be a huge support in events of emergency. You can bid on the pooled amount in your chit fund group and take home a lump sum amount without having to loan money at heavier interest rates.
YouTube is all the rage among people because it is a great platform for people who have a talent or skill that can either entertain or educate the audience online. People with a good viewership and following can create a reliable income flow from YouTube. The key is finding your niche and connecting with your audience group, such as mothers, students, tech enthusiasts, etc.
Once you build an audience and start garnering a good number of views on your YouTube videos, you can earn from YouTube advertisements and content engagement. But make sure you are prepared to post valuable content regularly and consistently.
Affiliate marketing is like an online retail business. You can contact retailers like Amazon and sign up to promote your favourite products on their websites. This means that you can redirect your audience to the product through your affiliate link. And for every purchase made through your link, you earn a certain percentage of the product price.
You can either host a website for affiliate marketing or do it without one. You can promote products on social media, on forums, on Quora, etc. As long as the customer makes a purchase via your affiliate link, you will earn from that transaction. It is quite an easy way to earn money online, which makes it an attractive passive income source.
This passive income source is preferred among people since it doesn’t require any significant investment. If you possess expertise in a certain area, you can market your skills online and earn by giving people advice. You can easily create a WordPress website or even market your services on social media.
An extra income is never bad if you have to take out just a few hours once in a while on your own time. This will not only help you as an emergency fund but will also let you earn from investments. You can begin with some of the best short term investments and see how it works for you.
I hope this was helpful!