In this article you are going to learn the 5 best ways to earn money online without a big investment. You can earn a lot of money, but at the same time you need to put some effort to earn it. And, if you are going to learn and put genuine effort into this, you can definitely earn a good money by sitting at home.
As you know very well, India is becoming digital day by day, and the scope of doing business online has increased a lot. At present, there are 65 crore internet users in india. Now, you can expect the growth in the coming years. So, it’s a very good opportunity to penetrate our product or service on the internet.
As they truly say, “You don’t get opportunities, you have to create opportunities”.
So let’s see those opportunities and the 5 best ways to earn money online.
1. Freelancing
One of the best ways and one of the best-recommended ways to earn money online is freelancing. And, if you want to earn for the long term without investing any money then this is the best option to start with.
Freelancer is the market, where you can apply for jobs by sitting at home. 55% of global companies drop their jobs in the various freelancing platforms. India is the 2nd largest market in freelancing. There are around 15 million freelancers in India currently, and they are earning a hefty amount by providing their service to clients or companies.
Some of the top platforms or websites are – Freelancer, Fiverr, Upwork, Youth4work.
All these websites or platforms have different working procedures and payment processes from one another. You can find the difference between these platforms here – 10 Best Freelancing Websites in India
2. Affiliate Marketing
- This strategy involves promoting any product or service to the customers. If your reach is very good and large on the internet or social media platforms, you can earn a very good income by sitting at home with a few clicks.
There are some very good affiliate programs that you can be associated with, like amazon, flipkart, etc. Not only consumer goods, you can affiliate Coupons, Travel deals, website hostings, and many more. You have to become an affiliate member on these platforms. You just have to promote their products online and can get a certain amount of commission on each sale of the products. Each product has a different percentage of commission.There are various platforms to promote the products. You can create Facebook pages, Instagram pages, Affiliate websites, etc.
For your information, this market is growing at a very high speed. In 2016, the affiliate market was worth 700 crores. And by 2021, it will be 7000 crores. You can imagine the scope of earning, because the number of internet users is increasing. That’s why it is considered one of the best ways to earn money online.
Also, there are many advantages of affiliate marketing:
- Product: You do not need to develop any product to start the affiliate business. Product is already been developed and it is available in the market. You just need to promote the product to a larger audience. More the audience purchases your product the more commission you make.
- Low Risk & Investment: You can start any Affiliate business in very less investment. As compared to the traditional business where you need to invest a hefty amount to start, affiliate marketing can be easily started with a minimum investment (i.e. 3k-5k). Hence, it is not a huge risk to start any affiliate program with a very less investment, where you can get a very good return.
- Location: To be into affiliate marketing you no need to be in one place. You can do affiliate marketing from any part of the world.
- Qualification: You don’t need any degree or formal qualification or any technical knowledge to be an affiliate marketer. Whether you are male or female, young or old, IT or Non-IT skills it doesn’t matter. What matters is the knowledge you have about the product and how good you are in prompting the product to reach the larger audience.
3. YouTube
This is one of the best ways to earn money online which requires either a smartphone or camera. India is a very big market where people consume a lot of videos in their lives.
Nowadays people don’t like to waste much time reading about something. Rather they like to watch a short video about the same topic. So, you just have to pick your phone or camera and just have to create good videos. You have to use this platform in the right way then only you can earn a lot of money.
You have to first understand what is your skill or what you want to share to the world. If you are clear about that, just create videos regarding that and start sharing with the world. If your reach increases, if your channel grows, if you get a good amount of traffic on your channel, you can earn a lot of money through various ways.
- Google Adsense – You can apply for Google Adsense. And, once it’s approved, Google will start showing the ads on your channel. More the views on the ads, the more money you get.
- Brand Sponsorship – If your channel has a large number of viewers, if you frequently generate good traffic on your videos and channel, then so many brands will approach you to associate with them to promote their products. You can charge for the sponsorship for the videos you are creating and earn a lot of money.
- Affiliate Marketing – You can share affiliate links of the products that you want to promote on your channel. You can mention those links in the description of the related videos. By clicking those links, the user will be redirected to the product page. And, if the user buys the product, you would be getting the commission for the sale.
4. Blogging
If you are an expert in a particular field, then you can tell that thing by writing and can share online. That is called blogging. If you think that your knowledge is useful to someone else, then you can write it and share it on an online platform. You require a few things to start a blog like-
- Buying Domain Name
Your website name is the domain name. So, before buying the domain name make sure you decide on the website name. There are so many websites from where you can buy a domain. Like, Godaddy, Hostinger, Bigrock, etc - Buying Hosting
Hosting is a method of storage & accessing of your website data. Hosting providers make sure that your website data is updated and secured. Some of the popular Hosting providers are Bluhost, Siteground, Godaddy, Hostinger, etc. - CMS (Content Management System)
To create a website you need a CMS. Through this, you can create an attractive website. It allows you to manage and update your website whenever it is required. One of the most popular CMS tools is WordPress. Almost more than 70% of blogs on the internet are developed on wordpress. - Select Blog Theme
Theme plays a very important role in your Blog’s performance. It also affects your website’s ranking in google. There are many free and paid themes available in the market. - Write Good Articles
The most important part of blogging is writing good articles. The purpose of you creating a blog is to provide the best content for your audience. You need to research and should be aware of the demand of the audience. And, then have to write the best content on your blog.
Before starting any blog you need to find your expertise. It’s always good and recommended to create a blog in one category. You need to write articles on a particular category or field. And, that will make you a successful blogger and can generate a huge traffic on your blog or website.
Once you are able to generate a good amount of traffic on your blog, you can request for the Google Adsense. Once it is approved, Google ads will start displaying on your blog/website. And, you can start earning by that. You can also promote affiliate products on your website.
5. SaaS (Software as a Service)
The fifth way to earn money online is, you create a website and give it software as a service. That means you create a website and put some service in it, the user will pay you monthly for the service and you will get that monthly money.
In earlier days people used to download the required software into their PCs and work with that software, which used to take a lot of memory of the PCs. But now, similar softwares is stored on the cloud and can be accessed through a website on a subscription basis from any part of the world. Eventually, the usage of PC’s memory (RAM) is reduced.
Many people make websites, they think that they will earn money from Google adsense, but you can also make cloud products/services and earn money from the same website. For example, Dropbox – Here a user pays monthly money to them and in return, the user gets some space to store the files or data.
Also, you must have seen many services, in which you pay the monthly charge and take service. By doing this, you can create a startup, and build your own business. This is one of the best ways to earn money online. Also, you can create your online existence.
