These 6 ways to earn extra income Personal Growth Tips.

Written by
  • Latheef R.
  • 1 year ago

In the current situation, millions of people across the world have lost their jobs. There are many such small and big businesses in India, which have been closed or are going through a period of misery. Most of the companies have fired employees in view of the loss. In the current pandemic crisis, getting a new job can be quite a difficult task, new recruitments are negligible. In such a situation, a big crisis has come before the people.

After leaving the job, people are sitting at home disappointed. Finding a new job in the pandemic crisis can be quite a daunting task, as almost all the sectors except online retail have stopped hiring. However, even in such a situation if you have talent then you can earn money sitting at home. In this news, we are telling some such ways by which you can earn money sitting at home. There are many such sectors in the country, which have been badly affected by the lockdown.

1. Sell Online With Your Skills

You can earn money by making videos or writing blogs on YouTube. It is very difficult to start your own channel or blog. But even after this, if you put all your hard work and effort in it, then it is very good. However, apart from YouTube channel or blog, you can also earn money through other online mediums.

You can offer training for a course in your area of ​​expertise or interest on sites like Udemy, Skillshare and Coursera. In addition, you can set aside a few hours each week to teach at various local tutorial classes.

Along with this, you can self-publish a book written by yourself on Kindle.

If you are good at photography, make simple pictures and sell it online to stock photo websites.

2. Real Estate

Another way is real estate through which you can earn good income. Let us tell you that whether it is a residential plot, a commercial plot or agricultural land, through all these you can earn a good amount for a long period.

Apart from rental income, you can also earn good value from long term appreciation of your property. However, to buy real estate, you will need initial capital. For the past few years, real estate prices in India have fallen, giving you the opportunity to invest at reasonable prices.

3. Dividend StockSome

Companies believe in distributing a part of their profits to their investors at least once in a year. All you have to do is buy the stock and stay in it or rather, hold the stock. Please note that whenever the dividend is disbursed, it will be credited directly to your bank account linked to the trading account.

Pay attention:

•You need to do a good amount of research before picking stocks that pay dividends.

•Dividends are paid per share, which means you earn more dividends if you hold more shares in the company.

4.Invest money in high interest schemes

This is probably the easiest of all the passive income sources mentioned in this list. Choose a bank that pays the highest interest rate. But, you should first find out the safety of the deposit in the bank, only then invest your money.

Your safest bet would be Voluntary Provident Fund (VPF), which is nothing more than to increase your contribution towards your existing PF. However, the PF money will remain locked till you retire or leave the job for a longer period.

If you are looking for medium term, you can look at high interest-earning fixed deposits or government savings schemes.

5. Network Marketing

Network marketing is a type of business model that relies on person-to-person sales by independent representatives, who often work from home. You need to build a network of business partners or salespeople to make passive income.

6. Freelance Writing

You can make your mark in freelance writing. It is not necessary to earn money only after working for eight hours in an office. If you have the talent of writing and reading hidden inside you, then bring it out.

Through these skills also you can earn from home. You can write articles for any magazine, newspaper sitting at home.

Many magazines and newspapers give opportunity to common people in the Citizen Journalist category to write articles for them. For this, up to Rs 200 is charged per article. Although, this charge may be different from place to place, but it will start earning you.

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