29 Best Extra Income Sources In India [2023]

We all enjoy earning extra money. Unfortunately, most of the money-making ideas available in books and even online are not very effective. When we do not have sufficient extra income, some people need investments. Others require significant effort and take a lot of time.

However, it’s possible to earn money quickly in India without a significant investment or hiring employees. These businesses actually have a long life expectancy. With a little more work and perseverance, you can earn money throughout the year.

This list of 29 easy ways to get money includes both online and offline methods. However, they only need a small investment. Others simply require the use of your already-available resources and don’t need any investment.

29 Best Extra Income Sources in India

1). Invest in stocks

Many people are hesitant to invest in the stock market, but it can be a very profitable way to generate money online. When you invest in stocks, you are only buying firm shares, and the company will pay you “dividends” if the value of those shares rises.

Stocks can be risky, but by diversifying your portfolio, you can reduce this risk. You can generate large profits just by working online if you have a number of profitable shares.

2). Become a Consultant

A consultant is someone with experience in a specific field who can offer guidance to people or even businesses. If you are an expert in business, marketing, finance, engineering, or even health care, you can earn a decent income by helping those who are in need of your knowledge. You may create your schedule and provide your services whenever you have some free time by doing this online, which is an advantage.

3). Sell Website

You can sell your website for a higher price if it has excellent quality and has a large audience. Years of tireless efforts are required for this unique way to make money by selling websites. The benefit to the buyer is that they acquire a ready-made business that they can build upon.

There are other platforms, such as sedo.com and godaddy.com, where you can sell your website. Just do a search on Google. Keep in mind that this is not the same as buying or selling domains.

4). Online paid surveys

Many online platforms allow registered users to make money by taking part in online surveys conducted by various businesses. Swagbucks, Viewfruit Panel India, PaidView Point India, and Opinion World India are a few reliable survey websites in India.

Be genuine when responding to the survey. Your account could be blocked if any information is incorrect, which would stop all future income. So, be honest with yourself. Be careful of survey companies that demand payment in order to get involved.

Never pay someone in cash, in an online transfer, through an investment, or by any other method. Simply reject such companies.

5). Tiffin Service

Starting a tiffin service is the safest way to get rich quick in India for those who live in big cities. Many working men and women who have long commutes and social engagements aren’t able to cook food.

As a result, they depend on tiffin services for lunch and dinner. Before launching, you can determine their level of popularity. You can charge up to Rs. 150 per meal, depending on what you serve and where you are.

6). Become a virtual assistant

Virtual assistants are in high demand, but the workload can be comparable to a full-time job, so it only makes financial sense if you have the time and are well prepared. A lower cost of living is also beneficial.

7). Become a Freelancer

One of the most popular ways to earn money from home is by working as a freelancer. A freelancer is a self-employed person who contracts with clients to provide services for a short time in return for a payment. You can find a lot of paid work online if you are skilled at writing articles, creating websites, digital marketing, or graphic design. The extra advantage of choice will be available to you as a freelancer. You are free to select the jobs and customers you choose. You can do your work at your own pace.

You should have a primary skill and create an attractive profile around it if you want to work as a freelancer.

8). Start Affiliate Marketing

The affiliate marketing industry is most tempting. However, many affiliate marketers don’t earn a sizable income. You could literally make a little fortune if you have the skills needed to succeed in this industry. However, carefully decide not to go for unrealistic expectations or illusions of earning money with little or no effort.

9). Become a Social Media Influencer

As a social media influencer, you can make money in a variety of ways. You can work with businesses to create sponsored content that they will pay you for. Usually, the cost of sponsored posts is determined by your follower count and engagement rates. As a social media influencer, you can also generate income by posting sponsored blog posts, holding events, or sharing affiliate links.

A media kit showcasing your social media accounts, your field of knowledge, and samples of your work is a good idea if you want to start earning money as a social media influencer.

10). Product and Website Testing

Testing is necessary for several newly launched products and websites. Although testing is a full-time profession, you can occasionally make some extra money by doing it on the side. You must test websites for bugs and report them as part of your job. You will have the chance to try out beta versions and other prototypes during product testing and then provide feedback.

11). Buy and Sell Domains

Domain buying and selling is a fantastic business you can operate with little effort from the comfort of your home. It’s not as simple as it seems. Visit the websites where domains are purchased or sold. Purchase well-known domain names for a particular amount, then profitably sell them to others in need. Make sure you get domain names from well-known and reliable websites. Additionally, before purchasing a domain, ensure that it is good from an SEO perspective.

12). Drive for Uber or Ola

Drive for Uber or Ola on a part-time basis if you have a good car. Due to these large cab companies’ loss-making operations in several cities, there are some disputes regarding the profitability of this work.

However, you can make an average of Rs 600 per day. By driving longer, you can quickly earn money.

13). Airbnb Hosting

On the online platform Airbnb, you can rent out your home to travellers for short periods of time and get paid for it. If you have extra space in your house, you could host tourists from all over the world.

Even if your home is small, you can still make money by hosting travellers for an experience. You could give visitors a walking tour of your city, a taste of the local food and culture, or an introduction to the nightlife. Airbnb experiences are a great method for earning money that doesn’t take a lot of experience to start.

14). Network Marketing

Independent contractors could invest in a business using the network marketing business model. They then receive a commission for the products that they sell. A lot of people are drawn to network marketing because it allows them to work for themselves, create their own schedules, and have flexibility.

There are various network marketing companies. Mary Kay, DoTerra, Pampered Chef, Rodan & Fields, and other well-known companies

15). Sell Services On Fiverr

The gig economy started with the help of Fiverr. Despite the fact that services on Fiverr start at $5, some sellers are earning six figures or more annually. On this platform, you can sell just about anything, but in order to achieve success and rise to the status of Super Seller, you need to consistently deliver immense value, even at lower price points.

16). Start Blogging

You can create your own blog if you love to write but don’t want to write content for other people’s websites. Blogging platforms like Blogger, WordPress, Medium, and Weebly provide both free and paid services. You can start writing about your areas of interest once you are familiar with them, like book reviews, food recipes, travel, arts and crafts, etc.

You can start making money with ads once your website starts receiving some traffic. You can make up to $2,000 to $15,000 per month for your ad space, depending on the readership and traffic to your site.

17). Start a YouTube Channel

One of the most widely used streaming platforms worldwide is YouTube. You can think about starting a YouTube channel if you are passionate about motivating or educating students. Your YouTube channel could be about anything under the sun, just like your blog. You must understand how to properly present your topic in a video. You can earn money from your channel if you start it and develop an audience for it.

YouTubers generally make money by having ads run with their videos. Also, you can include brand integrations in your videos.

18). Become an Online Consultant

A consultant is someone with experience in a specific field who can give guidance to individuals or even businesses. If you are an expert in business, marketing, finance, engineering, or even health care, you can earn a decent income by helping those who are in need of your skills. When you do this online, you have the flexibility to create your own schedule and provide your services whenever you have some free time.

19). Sell Website

You can sell your website for a higher price if it has high quality and a huge audience. Years of tireless efforts are required for this particular method of earning money by selling websites. The benefit of the purchase is that they get a ready-made business that they can build on.

There are other platforms, such as sedo.com and godaddy.com, where you can sell your website. Just do a search on Google. Keep in mind that this is not the same as buying or selling domains.

20). Publish Your Own Book

Could you write and publish your book? You are free to write about anything you like. There is a market for everything, whether it be short stories, self-help, or autobiographies. Once it is published, you should properly sell your book in order to make money from every sale. If you’re having problems finding publishers for your book, you may also publish e-books on sites like Kindle.

21). Professional Gamer

A person who plays video games as a profession is considered a professional gamer. The prize money from winning tournaments is the principal source of income for professional gamers. You could potentially get money from brand sponsorships if you can gradually develop a strong fan base. Ninja, who is sponsored by Red Bull, is a fantastic example of this.

22). Babysit Or Become A Nanny

You could always start babysitting or even work as a part-time nanny if you need some quick money. You can advertise your services on social media sites or on a variety of websites, like Care.com or SitterCity. Make sure to deliver a first-rate experience, as you will be evaluated and rated for your services.

23). Create an online course.

Utilise some of your abilities to create an online course through a company like Udemy or Teachable and earn a decent amount of extra income. You may earn a significant side income by creating courses that offer huge amounts of value, depending on how much time you invest in your course.

24). Start a podcast

A podcast is simply an audio blog in general. You might think about starting a podcast if you have something to say but are not excellent at writing. Your podcast’s episodes are similar to blog posts. The majority of people can start a podcast even without any technical knowledge. All you need is a subject that you are passionate about, along with basic tools like a microphone and a computer.

You can earn money from your podcast once it’s ready to go by performing sponsored episodes or by adding affiliate links in your episodes.

25). Online Technical Support

Do you have any previous experience as a technical support executive? So why not work from home and earn extra money by helping others with their technical problems? You must be available to your customers on call in order to help them resolve their technical problems.

You can make this a reliable source of income if you are willing to learn more and put in more hours of work.

26). Home Baker

Do you have a passion for baking? If you spend most of your free time creating new recipes, think about selling your creations to make some money. If you enjoy baking, you most likely have everything you need. Start with one or two of your preferred recipes before adding more. You can either sell your delicacies locally or post them on websites and apps that offer food delivery.

27). Take surveys online.

It matters what you think. There are several websites out there that will pay you to give your opinion on various services and products. You can visit trusted websites like Toluna, ValuedOpinions, iPanel, and YouGov.

28). Produce an audiobook.

Create audiobooks using a platform like ACX and sell them on Audible and iTunes. You can easily produce a five-figure monthly income with the appropriate amount of non-fiction audiobooks if you have a great idea for one that teaches a tough skill, such as stock trading, foreign currency investing, accountancy, or web marketing.

29). Clean Houses

Cleaning houses is always a profitable side business. Many private families and homeowners who rent out their residences on a temporary basis require housekeeping or cleaning services. To promote your services, you can post them on websites like HouseKeeper.com and many more.

Conclusion

You may quickly earn money in India through this list we’ve provided above.

There are several benefits to working from home. You have the option to choose your own working hours and set your own pay scales. You can have a career in which you work comfortably in exchange for a decent salary by choosing any of the 29 methods listed above.

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