Sometimes all you need is that extra flow of cash on the side, adding a side hustle can help you expose yourself to various types of work and lead you to earn more.
According to the Consumer Price Index (CPI), the inflation of India reached 4.7% in April 2023. However, this only takes into account a limited number of goods and services and does not highlight all the expenditure people have. Let’s take an example: the rents in urban areas are going at an all-time high, and if you are likely to keep up with this inflation, it is high time to consider side hustle for that extra income.
Passive Income also known as side income is money that you earn without working full time. Basically, it requires existing skills and minimal investment. Apart from that, it also offers flexibility and financial freedom.
So research and select the best opportunity for your extra income. It definitely takes time, but it can be rewarding both financially and personally.
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It is an application that helps you connect with experts if you want expert advice, consultation, or guidance. With a diverse range of fields, including marketing, accounting, healthcare, designing, finance, AI technology, and engineering, Expertify Now caters to a broad spectrum of industry experts.
Sign up on Expertify Now as an expert and offer your consultation to the targeted clients and charge on an hourly basis. It is the best online earning app without investment to earn passive income.
Moonlight or working side gigs gained a lot of attention among CEOs who were for and against it. It is undoubtedly one of the best ways to earn money or pursue your passion. However, make sure that it does not clash with your existing job or violate any agreements. Make sure to check your company’s official stance on it before starting.
Some of the moonlighting examples include:
Ride-sharing is also a great way to earn extra money, especially if you are commuting every day. Pick up an extra ride on your route through various ride-sharing apps such as Rapido and Uber.
You can also think about earning extra through your home business such as catering, organic farming, freelance writing, or making handmade products. Make your passion a way of earning money! It will take some time, but with determination, your home business will blossom with passive income.
One of the easy ways to earn money in India is by giving tuition. You can start teaching subjects such as Math, Science, English, or Arts based on your preference. Apart from that, you can also become a certified instructor in Fitness, Yoga, and Swimming. Teaching will allow you to share your knowledge and passion while earning money out of it simultaneously.
As we have already discussed, rent in India is increasing day by day. So why not take advantage of it and rent that extra space that you are not using on apps such as Airbnb, it can help generate extra income. Ensure that it is only possible if you have the property, or your landlord allows you to sublet their space.
Writing a book or a novel can be life-changing! You can share your experience and wisdom while boosting your expertise and credibility. So open doors to exciting collaborations and opportunities. On top of that, royalties and book sales can offer you side income for years to come.
If you have access to inventory, there is always an option to sell products online. Some of the famous platforms include- Amazon, Meesho, and Flipkart. It is an easy way to list your products and manage everything from payments to shipping.
Google AdSense is a free program that pays you for highlighting ads on your website, YouTube Channel, or Blog. Whenever someone clicks on the ad, you will earn a commission. The amount of money you will earn will vary depending on the clicks, ad types, and visitor location. All you have to do is create an account and add the code to your website. However, it is important to note that AdSense works best when you have established websites that at least take 1-2 years to grow.
No doubt, many of the tips we have shared here are easier said than done, it takes years to cultivate and grow to a point of success. Nonetheless, passive income is meant to support your main income. Sow your seeds early, so that you will be able to reap its benefits. In this blog, we highlighted an overview of various side hustle ways and sources, and it is not intended to be taken as professional financial advice.
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Expertify Now is currently one of the best techniques to earn extra at your preferred time and place. Based on your field and knowledge you can be a part of an expert team and consult those clients who seek consultation in their respected fields.
Some of the most profitable ways to earn extra cash include Expertify Now, Rental income, being an influencer, trades made on the stock market, and using Google AdSense.
It is a side hustle that would be beneficial to you only if you show the same amount of dedication as your professional job but on your terms and conditions.
For sure, it is very difficult to find jobs on the spot. You can download the Expertify Now app and apply as an expert in your respected field and earn money on an hourly basis by giving consultations to clients.