Earning some extra money side by side – Solved

Hello everyone! We all dream of getting ‘Richie rich’ kind of rich, and for that, you need to have an exceptional business idea that might change the world as Amazon and Facebook did. It looks like a hell lot of work, isn’t it? Earning money is not that tough, you just have to change your mindset about how money works.

It does not happen every day that a business idea just pops in your head.  For people like Ray Kroc and Colonel, it happened in their mid-50s. 

Many people don’t even work on their ideas fearing the risk and failure. 

But sometimes to earn money you don’t necessarily have to have an exceptional business idea. Thinking smartly is all it takes to earn money.

 There are many other businesses, which can bring you a good fortune, and there is minimum risk in doing these businesses, you don’t even need to spend much of your time and effort to establish them. Capital investment is also not much.

So if you are that kind of a person who does not want to leave the comfort and security of your job but would also like to earn an extra penny, then this list is for you. 

The hundred rupee currency note which is not used much as of now
Indian currency note of 50 rupees
  • CAR RENTING BUSINESS

If you have got a car that you barely use or if you have enough money to buy a car, then get your car registered with Ola, Uber, Zoom or any other cab company. You can rent your car to other organizations as well.

For example, registration steps for Ola are mentioned below –

  1. Documents verification

2. Car and driver audit to meet our standards

3. Driver training

4. Contract signing and device handover

You can also visit this link to learn more.

One can generate a new stream of income by this method. This business can give you high return on your investment.

  • ONLINE TEACHING

If you are an expert in a particular subject or any language, there are numerous sites where you can get yourself enrolled as a teacher. They pay you a hefty amount for posting educational content like video lessons or e-books. 

You can also create your own YouTube channel. Creating a channel and posting regularly will also generate another source of earning. You can post your video lectures on several platforms other than YouTube like Udemy, Unacademy etc.

Follow this link to know how to upload courses on Udemy – https://ufbsupport.udemy.com/hc/en-us/articles/115005361487-How-do-I-Publish-a-Course-

According to research, online learning will be given more preference than classroom learning after the COVID-19 scenario. So, guys, this is the right time to establish yourself as a brand out there in this area.

  • RESELLING ON E-BAY

If you love to shop and have a low capital then this business is suitable for you.

You can purchase any item and resell it on E-bay at a decent margin.

  • DOMAIN RESELLING

This business needs a little technical study but it’s all worth it at the end. It is one of the most profitable businesses which require very little time. Domain reselling can help you in earning huge amounts. You can do a bit of research and purchase a domain that can trend in the future. This depends on your luck but if you are lucky, you can make a lot of money through this if you do this correctly.

You can also purchase domain names at a very cheap rate and resell it at a higher price. 

There are people who are earning a lot through this. If they can, why not you?

  • HOUSE RENTING

So if you got a pretty decent amount to invest then why not invest it in property. 

Robert kiyosaki in his book “Rich dad poor dad” states that your house is not an asset. Rather it is a liability.

 Because asset is something which puts money in your pocket but when you purchase a house ,instead of putting money in your pocket rather it takes it in the form of mortgage, utility payment, taxes, maintenance and more.

But in this case, your house will be your asset. 

The renter pays you rent that covers your expenses, including your mortgage and your taxes. You make money each and every month while they also pay down your liability. It’s a wonderful thing.

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