1. By Considering Side Gigs
Working a side gig or extra job while keeping your regular employment, gained attention last year with CEOs taking sides for or against it. While it can be a great way to earn more money or pursue passions, it's important to ensure it doesn't clash with your main job or violate any agreements. Check your company's official stance on secondary source of income before starting.
Some examples could be:
Coding classes for students
Consulting for companies - research, writing, audits, etc.
Paid partnerships as a digital creator - promoting brands, and events on YouTube or Instagram
2. By Signing up for a Ride-sharing Service
If you commute every day, you can earn extra money by picking up passengers on your route with ride-sharing. Apps like Quick Ride generally manage these services. However, if you're a woman, you may want to consider alternative options for earning extra income due to safety concerns. Being alone in a car with a stranger can be risky, so keep personal safety in mind.
3. By Starting a Small Home Business
To start a home business, consider organic farming, catering, making handmade products, or freelance writing. Choose something you enjoy and are good at, and can do from home. It may take effort to get started, but with dedication, a home business can provide passive income.
4. By Taking up Tuition or Classes at Home
Offering tuition in India is a good way to earn extra money. You can teach subjects such as English, Math, Science, or the Arts. You can also become a certified instructor in Yoga, fitness, or swimming. This can lead to a career in those areas. Teaching allows you to share your knowledge and passion while earning extra income.
5. By Renting your Extra Bedroom or House
If you have extra space that you aren't using, renting it out on Airbnb can be a popular way to supplement your income. It's important to note that this only works if you have your property or if your landlord allows you to sublet their space.
6. By Writing a Book or Novel
Writing a book can be life-changing! You can share your wisdom and experiences with a wider audience, boost your credibility and expertise, and open doors to exciting opportunities and collaborations. Plus, book sales and royalties can provide passive income for years to come.
7. By Selling Your Creations Online
Selling online is another option if you have access to inventory. You can do it through platforms like Amazon, Flipkart, or Meesho - they make it super easy to list your products and manage everything from payments to shipping.