In today’s most modern and technologically advanced world, we now have the Internet where we can conveniently find what we need. From a specific product to person or location, you can rely on your device to deliver thousands of relevant results. One of the most important activities that the Internet can help you with is making money. You can find a lot of options even if you don’t look tough.
What makes it even better is that even if you are a student, a parent who doesn’t have time to go out, or anyone who doesn’t have the most qualifications, you can walk this path. Here are the ways you can actually make money online.
Sell products online
Considering how large the consumer market is in India, it is good if you start selling products online. This means entering the field of e-commerce. If you still don’t know what e-commerce is, it refers to the online marketplace. Platforms like Amazon and Flipkart are some examples.
Back then, there were a lot of things you could sell. If you plan to launch this gig you are presented with basically unlimited options. Also, you will be glad to know that you are dealing with your own time. Unlike physical stores, you don’t have to deal with early opening times and late closing times. You save a lot because you don’t need to hire a lot of manual workers.
For products, you can create your own or source from manufacturers and other suppliers.
Launch an e-commerce store
Starting from the most common, we have: Launching an e-commerce store. If you have the budget to invest in website creation tools or services, you can create your own website. This is recommended if you want to increase brand visibility and awareness because online users can see you without having to specifically type your brand name.
If you’re not ready to invest in a website yet, you can opt for a social-media-based store. This is actually a topic these days. Here, you or a business, simply create an account on Facebook or Instagram and there they post photos of their product. Two social media platforms already have built-in messaging platforms, so it is not difficult to connect with inquiring customers.
Dropship Trending Goods
Dropshipping is one of the latest trends in online sales. Here, there is no need to buy bulk products from your suppliers and manufacturers, there is no guarantee that you can sell everything. This eliminates the need to have a physical room for inventory, which is one of the main things a physical store spends. Instead, you buy a specific item only after the customer has ordered it.
Here’s how Dropshipping works:
- You create a website that contains products from your dropship provider.
- Customers order on your website.
- You order on your dropship provider. You need to buy a specific quantity that your customers ask for. Depending on the method of payment, you can either use your own money first or with the money you received from your customers.
- Once your dropship provider confirms the order, they will process the shipping and delivery, so expect your customers to send you the address and other personal information provided to you.
Be sure to identify the prices of products from your dropship provider. This means raising prices. It serves as your profit for every item you sell.
Provide your skills and services
Another effective way to make money online in India is freelancing. This field is about delivering your skills and services to the online client market. It covers a wide range of industries such as writing, filmmaking and design under the marketing, education and creative industry. Basically, if you have any particular talent, you can expect a certain independent gig for yourself.
If you want to get started doing this, you can create your own website again. If you want a cheaper and more efficient way, then you should consider signing up for freelancing platforms like Fiverr, Upwork, and Freelancer.com to make it more popular.
If you would like some recommendations, here are some commonly available services you can offer:
Writing, transcription and translation services
If you are good at working with words, writing articles, creating stories, making product descriptions, or anything related to writing, you can offer freelance writing services. You can write in your name or under another person if the gig’s description includes Ghostwriting. Either way, the minimum rate starts at 0.5 paise.
For those who don’t work well with drafting articles but still want to work in a related field, how about providing transcription services? Here, you need to type what you hear from the recordings. Depending on the client, you may need to work with a video or sound clip. The minimum rate for this starts from INR 200 transcription per hour.
Another option is that if you have knowledge of languages other than Hindi, you can offer translation services. The most common gig involves Hindi-English and vice versa. Projects, on the other hand, can range from short-term records to full-books and stories. The rate starts from 0.5 paise per word.
If you have knowledge in the marketing field or have good experience working in the field, you can offer independent marketing services. Since we are talking about online based services, you will most likely face digital marketing strategies if you start out prominently in this gig.
Offering marketing services come in many forms. Depending on your expertise, you may offer to write and send email marketing content, manage social media platforms, or operate a brand affiliate system. This gig is paid per hour and it depends on the actual task description. The nice thing about this is that it comes with several opportunities for a full-time position.
Note that this gig usually has more requirements compared to other freelancing jobs. You must have something to back up your claims, such as a relevant degree, experience or certification. If you don’t have one, consider attending seminars that offer certificates of completion beginning.
People who are talented in digital design can usually offer logo design services to businesses, brands and the public. You need to mix this talent with yours and have a good eye on beauty with the ability to come up with innovative ideas to set you apart from the competition. Considering the minimum rate is INR 100, you can earn a lot from here.
If you are just getting started you don’t need to invest in expensive design platforms right away. Consider this once you already have enough clients and you are generating more than the minimum rate.
For those who have time management, multitasking and imitation skills to basically learn all the ropes without having to spoon feed, a virtual assistant may be one of your best options.
It may be a part-time or full-time position, but it is usually the latter. The good thing is that there are plenty of opportunities for beginners to get together even if they have literally no experience. Given the high rates, there are plenty of opportunities to earn. At the very least, you should have your own device, specifically desktop and working headphones.
As a Content Creator
Do you have the skills to draw an audience through your personality? How to specialize in a particular field? Being a content creator can be the answer to your extra income needs.
This is a slow profession because you need to invest a lot of time before you can expect high and consistent returns from your platform. You also need to spend a lot of effort because you have to think about new ideas for what you publish. Not to mention, you need to edit photos or videos to effectively deliver on your goal.
You can earn content from ads, sponsorships, or creators’ funds provided by certain platforms, such as YouTube, Tiktok and other social media sites.
Content creation can be done in many ways. Below are some of your many options:
Creating videos is a great way to get your name out there. You can create long-form videos on Youtube or short form skits on TickTalk. Anything is fine, in fact. You can choose what you like the most.
Keep in mind that you also need to know how to edit videos if you want to make your video more attractive.
Start a podcast
If you really don’t want to shoot yourself and become more talkative, how about starting a podcast instead? This is usually done for Spotify to a wider audience, but you still have the option of turning to Youtube or other social media platforms. Again, you can talk about what you feel comfortable with.
Not filming or recording anything? You can always write a blog about your travels and experiences. You can only share knowledge about your audience. No matter what, all you need to start blogging is your own website.
Look at your potential investment options
If you are looking for more passive income than anything that requires a lot of effort, you can always start investing. You need capital to get this started because investing means growing your existing money.
Here are some platforms you can invest in:
First of all, remember that investing is not “easy” money. It comes with a lot of risks and if you don’t make smart decisions, you may lose the money you invested.
In sum, some of the best ways you can make money online are to sell products online, offer your skills and services, create content and last but not least.
When choosing a major source of income, you need to take a few factors into account. For example, start by knowing your expertise. “What qualities and skills do I currently have?”, “What am I better at?”, “What do I want to do?” Ask yourself such questions. And “How much can I invest in tools and platforms to make this particular gig?”.
It is best to start with just a gig first, especially if you are a beginner in the field. Over time, you can pick up new gigs or focus on developing your existing career.