Have you ever wondered how you will ever achieve your financial goals and aspirations and felt constrained by your current salary?
One source of income will not suffice in the face of rising living costs and an ever-increasingly competitive job market. Having an extra income along with a full time job helps can improve things significantly to your month to month income. Simply put, they can give you access to a few of the luxuries of life that you might not be able to afford otherwise. In this article we will discuss some easy extra income ideas which you can do along with your job.
Read: How To Earn Money Online Easily in India: 30 Easy Ways To Earn Money
The First Ever Social Community Where You Can Earn Extra Income
Extra Income Ideas
Take a Freelance Job
If you think your salary isn’t enough, but you think you have a lot of marketable skills and some spare time, you can always work as a freelancer. Full-time freelance work has the potential to be fairly lucrative on its own. To better determine whether it makes sense to work on this full-time, you can, however, start by looking at some smaller jobs.
Become a Tutor
Despite the numerous passive income options available, tutoring is a fairly common career choice. People with a basic college education have the ability to tutor students in elementary and high school. If you are skilled enough, you can teach English or math at the high school level without being an engineer or developer. This is one of the most common and popular extra income idea.
Read: How to earn money at home? Ghar Baithe Job to Earn money
Create A Course
One popular strategy for passive income is creating an audio or video course, then kicking back while cash rolls in from the sale of your product. Courses can be distributed and sold through sites such as Udemy, SkillShare and Coursera.
Alternately, you might think about a “freemium model,” in which you give away free content and charge people who want more information or want to know more. The free content demonstrates your expertise and may attract people who want to advance in their careers. Because it only takes a short amount of time to earn money, a course can provide a great extra income. You can make a lot of money once you understand the business model.
Refer and Earn With Money Club
Earning is not the only thing to do in life; investing is equally important. There are several investment options that you can choose to grow your wealth. In earlier days, people used traditional forms of investing like fixed deposits or recurring deposits, which gives a fixed return rate every year. But in today’s time, every person is looking for different ways to invest where he/she can get higher returns.
Money Club is the first ever financial social network where you can invest money and earn high returns (10%-15% annually). Not only will you gain access to a supportive network of like-minded individuals, but you’ll also have the opportunity to earn money by referring your friends and family to our community. To know more about how you can refer and earn with the Money Club App read here.
This online referral earning app provides two options to earn money.
- You can earn Rs.20,000-25000 per month by becoming Money Club Agent and referring your friends on Money Club platform.
- By investing in Money Club, you can earn 4-5 times more returns than bank fixed deposits.
Read: How Does The Money Club Mobile App Work? – The Money Club
Refer The Money Club App And Earn Extra Income
Sell Your Designs Online
Another extra income idea if you are good at design, is to sell things with your printed designs on them. You can sell items with your own designs, such as T-shirts, mugs, hats, and more, through websites like CafePress and Zazzle.
You can start small with your own designs to see what the market likes and build from there. You might be able to design a shirt that captures the spirit of the time or at least a snarky take on it by taking advantage of the growing interest in a current event. You can also market your products online by setting up your own web storefront on a website like Shopify.
Create A Blog Or Youtube Channel
Turn your passion for a subject into a blog or YouTube channel, earning money through sponsors or advertisements. Be an expert on a popular topic, even if it’s just a small one. You will need to create a collection of content at first to attract an audience, but as you become known for your engaging content, it can lead to a steady extra income stream over time.
Read: 10 Best Part Time Business Ideas with low investment in India
Sell Photography Online
Selling photography online is another extra income idea. To do that, you might work with an websites Getty Images, Shutterstock or Alamy. You must first be approved by the platform before you can begin, and then you must license your photos so that anyone who downloads them can use them. The platform then compensates you for each use of your photo.
You’ll need photos that appeal to a particular audience or depict a particular scene, and you’ll need to figure out where there is demand. Photos can be taken of models, landscapes, imaginative scenes, and other things, or they can be taken of actual events that might make the news.
Read: How To Start Online Business With No Money: 8 Simple Steps
The practice of promoting a third-party product through the inclusion of a link to the product on a website, social media account, or blog is known as affiliate marketing. Although Amazon is the most well-known affiliate partner, others with larger names include ShareASale, Flipkart, and eBay. Additionally, Instagram and many others have developed into significant platforms for those looking to promote products and build a following.
You could also think about growing your email list to promote your blog and point people to products and services they might be interested in.
The owner of the website receives a commission whenever a visitor clicks on the link and makes a purchase from the third-party affiliate. Since the commission could be anywhere from 3% to 7%, you’ll probably need a lot of visitors to your website to make a lot of money. But you might be able to make a lot of money if you can increase your following or find a more lucrative niche, like software, financial services, or fitness. This is one of the easiest extra income idea to start with.
How To Increase Your Income to Improve your Financial Health?
If you have a spare room in your house, you can use it to host tourists looking for good hotels in your city. Airbnb is the most popular platform where you can list your home and get paid for it when people book it for a short time.
Online Support And Counseling
When a person gets stuck in a difficult situation, whether it’s technical or mental, relationship, or life-related, they need help. And if you’re good at counseling or providing support, you can do all of this online and make a lot of money doing it.
I hope you loved these extra income ideas and you would surely try out at least one of these over the next 1 month. Plan for it and take action.
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