How to Make Money from Home in India?
Many people are still feeling the effects of the coronavirus. Some may be looking for activities to do inside our homes, while others may be thinking about how to earn some money. Well, why not combine both of these?
It really is as easy as it sounds. There are a number of ways that you can earn money from home, and, for many you don’t even have to invest any of your money. The internet is full of both online and offline jobs that you can do to make money from home without investment.
15 Ways to Make Money from Home
1. Become an Insurance POSP
One of the top ways to earn money from home is to become a POSP (Point of Salesperson). A POSP is a type of insurance agent who works with insurance companies to sell insurance policies to customers. It involves zero investment, no time constraints, and you can work online from home.
You just need to be over 18 years old, and have completed Class 10. Then you will be able to complete a 15-hour compulsory training offered by the IRDAI and get a license. And, since your income will be based on commissions, the more policies you sell, the faster you can earn a high income.
2. Consulting for Companies
If you are someone who has a lot of experience in professional fields like healthcare, business, IT and more, you can use your knowledge to become a consultant to professionals and companies to offer your insights on a part-time or full-time, or even on a contract basis. You can easily look for these jobs on sites like Upwork, LinkedIn, etc., and depending on your experience and area of work, you can easily find highly paid consultancy jobs.
3. Tutoring Lessons for Students
For college students, or anyone with a lot of knowledge in a certain area, you can become an online tutor. Many students from school level to college level are looking for teachers in English, math, science, and history, as well as music or crafts, and even help with competitive exams. The hourly rate you can set will be based on your area of expertise and the subject matter you teach, but you can earn up to ₹200–500 per hour.
4. Work as a Freelancer
Freelance work is another popular way to make money from home. If you’re good at writing, programming, editing, designing, or several other skills, then you can look out for businesses that work with freelancers. You can find such connections on portals like Upwork, PeoplePerHour, Fiverr, or Truelancer.
While registering on these portals can require a small fee, based on the work you offer, you can quickly find high-paying gigs as a freelancer.
5. Start Blogging
Another thing you can do if you’re looking for how to earn money from home is to start a blog. Just sign up on blogging sites like WordPress, Medium, Weebly, or Blogger, and then all you have to do is identify an area of interest, like food and recipes, book reviews, travel, arts and crafts, etc.
Once your blog starts getting some traffic through visitors, you can earn money through ads. And, depending on this traffic, your niche, and your readership, you can earn up to ₹2,000-15,000 a month for ad space. Additionally, you can even sell things like e-books or special PDFs on your blog of things like recipes, or instructions for crafts.
6. Investing in Stocks
Investing in the stock market can be a great way to earn an income over time. When you invest in the stock markets, you are basically purchasing shares of a company; when these shares increase in value, you will get paid “dividends” by the company. Profitable shares can result in high dividends for, and can be a great way to make money from home.
Remember, there is always a bit of risk in investing in the stock market. This is because when companies aren’t doing well, the value of your shares may reduce. But you can reduce this risk by diversifying your portfolio.
7. Invest in Rental Properties
Yet another way to earn an income from home is to invest in property. You can buy homes, offices, apartment buildings, and other types of real estate and then put them up for rent. This way, you can earn a regular rental income each month. This income would depend on the number and type of properties you own, as well the number of tenants and rental amounts. Remember, to reduce any financial risks, ensure that there is a market for your property before investing.
8. Rent Out Your Home or Car
Even if you can’t invest in a separate property just to rent out, you can still earn money from the properties you currently have. You can do this by partnering with rental companies like Airbnb, Tripping.com, Vrbo, 99roomz, and more.
If you have to be out of town for a while, you rent out your entire space, but you can also rent out spare rooms and even your car to make a bit of extra money. How much you earn will depend on the property, its location, and the partner rental company.
9. Selling Homemade Items
Another way to easily make money from home is to make and sell handmade products. This includes things like quilts, scented candles, boutique soaps, calligraphy, paintings, wall hangings, table mats, and décor items.
By registering on seller sites like Etsy, Facebook Marketplace, Amazon, Flipkart, Ajio, and eBay, you can find greater opportunities to sell your homemade goods. Or you can opt to sell them directly to customers who contact you over social media like Facebook and Instagram. Either way, your earning will depend on the products you sell, and your marketing skills.
10. Sell Your Digital Products
You can also create products that are exclusively digital, i.e. downloadable or stream-able media and distribute and sell them through sites such as Amazon, Udemy, SkillShare, Coursera, or even your own website or blog.
Things like audio or video courses, e-books, plug-ins, PDFs, printables, or UX kits can include a variety of content based on your interests and areas of knowledge, such as recipe collections, design templates, or wireframes. Since you only need to make the product once, and you can sell it as many times as you want online, you can have high profit margins for a well-made and unique product.
11. Start a Food Delivery Service
Those who enjoy cooking and baking can also make money from home by starting a food delivery service. You can choose to make everything from baked goods and desserts to daily packaged meals, or even catered meals for special occasions.
12. Work as a Travel Agent or Travel Planner
An underrated job that can be a great way to earn money from home is as a travel agent or a travel planner. Even though making travel arrangements and booking tickets can all be done online these days, they can be a hassle for those who are busy or unfamiliar with the internet. Thus, they often turn to travel agents to help them through the process.
So, if you know how to find cheap flights, hotel bookings, and other good deals, you can sign with sites like Upwork, AvantStay, or Hopper, or just work as a self-employed travel agent. Then your earnings will depend upon your clients, and the company you work for.
13. Opt for Data Entry Jobs
Data entry is another option for those who want to earn money from home. It offers a lot of flexibility and can be a good option for part-time work. All you need is a computer, knowledge of Excel and other Microsoft tools, and an eye for accuracy.
Then you can register on a trusted site like Axion Data Entry Services, Data Plus, Freelancer, or Guru, and start accepting data entry jobs from companies worldwide (be sure to check their legitimacy before transferring your details). With these jobs you can earn ₹300 to ₹1,500 per hour.
14. Through Content Writing
For those who are good at writing and with grammar, another option is to make money through content writing. Sites like Freelancer, Upwork, Truelancer, Fiverr and Guru offer lots of opportunities. All you need to do is register and share some sample articles and begin writing to earn money from home.
15. Through Affiliate Marketing
Another way to earn money from home, if you have a large social media following a website, blog, or a large mailing list, is through affiliate marketing.
With affiliate marketing, you become an affiliate to a given brand or company like Amazon. All you have to do is promote their products to your followers or readers and include a link to their products on your site. Then you will earn money on the basis of commissions, so the more people who buy the products using your specific link, the more you earn.
So, as we can see, just by becoming a little bit more productive, you can make money just sitting at home. The internet is full of such jobs that you can do from home, and without much investment on your part. So, they are great options for students, homemakers, retirees, and anyone looking to do something more on the side.
And if any of this kind of work falls in line with your areas of interest, then they are great ways to do something you enjoy while making money on the side.
Just remember to take a few precautions so that you avoid fake agencies, scams, and frauds:
- Thoroughly research any site and go through their reviews before signing up.
- If a site asks for unnecessary personal information, try to avoid it.
- Also, avoid sites that post work that takes long hours, but offer little compensation.
- Always read through any contract that is offered to you before signing.