The bite of inflation might have you considering ways to earn additional income. If you have the time and energy, you can leverage your skills and passions through a side hustle.
Indifi compiled a list of 10 legitimate ways to make money online, or around town. For each opportunity, they provide details on how to get started, age requirements, and the speed of payment. While many are looking to earn money quickly, don’t overlook the “slow” gigs, as they might offer higher earnings over time.
In the online space, consistency is the key. You get to earn a lot of money one day, but it might bring you a loss the next day. Keeping up with the losses and working hard on those matters the most.
With this write-up, note down the key business to earn money online in India and brief about where to keep the focus.
Also Read: What Are The Key Benefits of An Online Presence For A Business?
8 Ways To Make Money Online In India
Before leaping on what online business to do in India, let’s grasp different ways to earn money online in India. There are more than 30 ways to earn digitally in India. Here we will sprinkle your attention to the top 8 most used ways.
Dropshipping
Dropshipping is a business model where you can sell products without needing to store them yourself. The dropshipping business owner partners with suppliers who handle the inventory and shipping. Here’s how it works: the seller makes an agreement with a dropshipper, and then the business begins.
When a customer places an order online, the seller confirms the product is available and sends a confirmation to the customer. The dropshipper then ships the product directly to the customer. Here are some top-earning websites for students where you can start your dropshipping business:
- Shopify
- AliExpress
- Oberlo
- SaleHoo
- Wholesale2B
Affiliate Marketing
Affiliate marketing is when you include a special link in your content to promote someone else’s products or services. This benefits both you and the product owner. Students can join programs like Amazon’s Affiliate Program to make money by promoting products. Here are the best-earning websites for students:
- ClickBank
- ShareASale
- CJ Affiliate
- Amazon
- Rakuten Advertising
Sell Print-on-Demand Products
Selling print-on-demand products is a great way to start an online business without the need for inventory. With print-on-demand, you create custom designs for items like t-shirts, mugs, phone cases, and more. When a customer orders one of your products, the print-on-demand company prints your design on the item and ships it directly to the customer.
This business model is low-risk and cost-effective because you only pay for the products after you’ve made a sale. You can set up a store on platforms like Etsy, Shopify, or Redbubble, and use their tools to create and display your designs. It’s an excellent option for creative individuals who want to make money by selling unique, personalized products without worrying about managing stock or handling shipping logistics.
Sell Digital Products
Selling digital products is a great way to make money online. Digital products are items that can be delivered electronically, such as e-books, courses, printables, music, software, and graphics. Once created, they can be sold repeatedly without the need for inventory or shipping, making them a highly scalable business model.
To get started, think about what you can create based on your skills and interests. For example, if you’re good at graphic design, you could sell custom illustrations or design templates. If you have expertise in a particular subject, consider writing an e-book or creating an online course.
Platforms like Etsy, Gumroad, and Teachable make it easy to list and sell your digital products. You’ll need to create high-quality products, set competitive prices, and market them effectively. Social media, email marketing, and collaborations with influencers can help you reach a wider audience.
Selling digital products can provide a steady stream of passive income, allowing you to earn money even when you’re not actively working.
Trading
Trading is something that requires a bit of your investment. You can earn money online through this if you invest. The most commonly used platform for trading is Zerodha. People earn huge amounts of money through this with the right knowledge. You can educate yourself with the help of YouTube or by regularly analyzing the stock market.
YouTube
Youtubers earn more than INR 1 Lakh. Yes, it is possible. Anyone can make money online in India from YouTube if the content is right and entertaining. YouTube has a place for everyone. Nowadays, YouTube is one of the best platforms for learning skills. Youtubers are gaining a lot from it as people consume their time on YouTube.
Freelancing
The average annual salary of a freelancer in India ranges from INR 1.5 Lakhs to 12.8 Lakhs. Freelancing is the mode where you can work upon your will. If you are good at writing, programming, development, designing or marketing, giving a shot to freelance can be beneficial.
Become a Reseller
Becoming a reseller involves buying products at a lower price and selling them at a higher price for a profit. This can be done through various platforms, such as online marketplaces, social media, or your own website. Here are some steps to get started as a reseller:
- Choose Your Products: Decide what types of products you want to sell. It could be anything from clothing and electronics to handmade crafts or vintage items. It’s best to choose products you are knowledgeable about or passionate about.
- Find a Supplier: Look for reliable suppliers or wholesalers who can provide you with products at a lower cost. You can find suppliers through online directories, trade shows, or by contacting manufacturers directly.
- Set Up Your Sales Channels: Decide where you want to sell your products. Popular options include eBay, Amazon, Etsy, or your own e-commerce website. You can also use social media platforms like Instagram or Facebook Marketplace to reach potential buyers.
- Create Listings: Make attractive and detailed listings for your products. Include high-quality photos, clear descriptions, and competitive pricing. Highlight any unique features or benefits to make your listings stand out.
- Market Your Products: Promote your products through various marketing strategies, such as social media marketing, email marketing, and search engine optimization (SEO). Engaging with potential customers and building a strong online presence can help increase your sales.
- Handle Transactions and Shipping: Ensure smooth transactions by providing multiple payment options and clear return policies. Package your products securely and ship them promptly to maintain customer satisfaction.
- Monitor and Adapt: Keep track of your sales and customer feedback. Use this information to adjust your product offerings, pricing, and marketing strategies as needed. Continuously improving your business will help you succeed as a reseller.
Reselling can be a profitable side hustle or even a full-time business if done right. With the right products, effective marketing, and good customer service, you can build a successful reselling business.
Also Read: Best Practices For An Online Food Business
Key Online Businesses That You Can Start On Your Own
Now that you understand the high demanding skills let’s conclude by understanding the famous businesses to earn online in India.
SEO Consultant: SEO is the technique where you can help a website rank on the Google Search engine. For becoming an SEO Consultant, you need to know all the ins and outs of search engines. Having technical skills on a platform like Google Ads and Google Analytics is compulsory. With SEO Consultants, many small businesses can increase their online conversion rates. Google Algorithms are variable; they keep on changing; therefore, SEO Consultant needs to update themselves. Check the below pointers before starting the SEO Consultant business in India:
- Keep the data of your search page ranking.
- Acquire new and different customers.
- Make records of organic traffics.
- Work more on increasing your brand awareness.
Social Media Consultant: With so many other business responsibilities to handle, social media often stays left out. Social media has many leads that can be beneficial for any business. A social media consultant works on brands’ social media, keeps the social media account active, and prepares posting schedules. A social Media Consultant, on average, makes INR 5.5 Lakhs per annum. For becoming a Social Media consultant, you need to remember the following points:
- Do not stop networking.
- Priority should be on lead generation.
- Overdeliver the content in the initial stages.
- Timing is the game.
- Build a good portfolio with all the experience.
Virtual Assistant: If you have great organizational skills and task management abilities, you can easily make money online by starting a virtual assistant business. The business of Virtual Assistants involves communication with the clients, maintaining online data and records, and making travel arrangements. Below are certain points that you need to keep in mind while doing or starting your virtual assistant business:
- Identify the niche or the service that you want to offer.
- Create a detailed business plan.
- Register your business.
- Calculate the right price for your service.
- Invest in the right tools.
- Create a sound contract.
Web Developer: If you are tech-savvy and love the coding side of building a website, you can start the business of Web Development. You need to know about HTML, CSS, and JavaScript for this. Also, it would help if you had a good eye for solving digital problems with creative solutions. Below are some hidden points that you need to jot down before starting your web development business:
- Make a good appealing website. A website will showcase your talent.
- Educate yourself with the right codes and new ideas.
- Write a newsletter. It can be anything. You can impart your knowledge to others and share some tricks and tips.
- Calculate the right pricing.
Also Read: A Brief Guide About Online Business Loan Lending: The E-Way
Conclusion
People of India are growing and believing the online portal like never before. More and more people invest their time to make money online in India. With the constant up-gradation of skills and consistency in working each day for yourself, anyone can grow a devastating business here. With the list of business ideas that work in India, you can add other business creative ideas like Graphic designing, social media photography, and blogger.
FAQ
How can I earn money online?
You can earn money online by freelancing (offering skills like writing, graphic design, or programming), selling products or services (through platforms like Etsy, Shopify, or eBay), creating and monetizing content (YouTube, blogging, or social media), taking online surveys, teaching or tutoring online, or investing in stocks or cryptocurrency.