Do you want to earn extra income continuously apart from your regular job? Whatever the class, financial stress affects almost everyone. Experts agree that you can eliminate some of that money stress by earning extra income, even if you have a full-time job.
Aditya Jangid, Founder – Woohoo
With the proliferation of Made in India applications, making a decent income has become relatively easy. Creating compelling content for short video apps of various genres can prove to be a strong monetization model. Broadcasting your talent at the push of a button and at the same time making it alive is a veritable reality. Sponsorships, affiliate marketing, product promotion contests, referrals etc can be availed to get the most out of the short video app.
Furthermore, one may resort to publishing content on a blog that is not dead by any stretch of the imagination, yet has become exceptionally competitive. Plus, having promotional partners for various organizations, eCommerce destinations and brands can help you earn some extra bucks.
Nidhi Agarwal, Founder, Spacemantra
If you have a spare room at home, you can make use of it by providing convenience to travelers who are looking for nice places to stay in your city. Airbnb is the main step where you can list your place and travelers can book it for a short period of time and you get compensated for it.
Manoj Dalmia Founder and Director – Proficient Equities Ltd.
There are a few investment options that you can decide to develop your extra income. Still, one of the most surprising ways in securities exchanges. In the earlier days, individuals used customary forms of money management such as fixed deposits or repeat deposits, which consistently gave reasonable return rates. Yet, in the present day, everyone, from young to old, is entering the stock market, and this type of investment is constantly evolving.
Investing in stocks is liable to risk exposure so make a point to understand the market before putting your cash in the securities exchange. Despite this, the securities exchange can give huge returns provided you have the right qualifications and trade better than the securities exchange.
Ankit Agarwal, MD, Devika Group
Another way could be Lease Rental Discounting (LRD) allows property investors to use the effect to buy pre-rented/pre-lease commercial properties. LRD is a term credit offered by banks that includes rental receipts as insurance and is usually available at a loan fee of 7-9% per annum. LRD also allows property investors to acquire up to 65-70% of the estimated asset value. The advantage is that the EMI for the advance is generally not your month to month rental. Thereafter, an investment of Re 1 can directly yield assets worth Rs 4 when the credit is paid off without any out of pocket expenses during the period of the advance. Lease rental limiting can be used by investment property owners to furnish them with the liquidity actually needed which is by all accounts in any case lacking in fixed resources. This investment option can really get you extra income while working on the job.
Amit Gupta, MD, SAG Infotech
When people get stuck in something complicated whether it is technical or mental, relationship or anything related to life, they need proper help. And if you have expertise in providing support or consulting. Then you can also do all this online and earn some decent money from it.
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