Do EMI payments, inflation, and future planning make your life stressful? You’re not alone!
Approximately 93% of people experience stress due to these. Managing increasing inflation and the cost of living is challenging.
That’s why, building an additional income source could be a smart move.
With growing expenses, it’s understandable if you’re eager to earn some extra cash. But how would you find genuine passive income ideas in India?
There are many options, like investing in stocks, and mutual funds, cryptocurrencies, online selling, freelancing, and more.
Yeah, I know you’ve heard about
these before but believe me this time, I’ll show you some practical ways to make the most out of these income streams.
Why is Passive Income Important?
Every person has their own set of goals, and to achieve them, they hustled new ways to earn. Let’s explore some of the common reasons to consider passive income ideas in India.
To Live Your Dream Life
People love new and reliable income opportunities that allow them to earn more and live the life they always dreamed of. Tell me, who wouldn’t appreciate income that requires minimal effort? Just look at the market, it’s full of new technologies like artificial intelligence (AI) reshaping the job market, along with inflation and job insecurity, now is the best time to take advantage of every income-generating opportunity available.
So That You Can Prioritize Other Things Too
What’s the point of earning a million dollars if you don’t have the time to enjoy life with family, loved ones, or anyone you love to spend time with? I know you too are thinking this and that’s the reason you should consider building your second income source. So that you can focus on your personal life and have some memorable moments with your family. Your extra income option not only boosts your income potential but also keeps you relaxed about future planning.
It Can Reduce Your Financial Stress
Nowadays, ‘stress’ is a word you will hear everywhere. There are so many reasons people feel stressed, such as
relationship conflicts
job insecurity
not enough income
not having enough savings and emergency funds
Whatever the reason behind your stress, believe me, ‘money can solve 90% of problems, or you can say 99%.
Let’s say you are facing any hardship in your personal life, like arguments with your parents or loved ones. Taking help from a relationship counselor can reduce your problem, and you can comfortably focus on enjoying your life. So, whenever someone says, ‘Money is not everything,’ don’t believe those people because the truth is financial stability can solve most of life’s challenges.
That’s one more reason you should start focusing on passive income ideas in India.
So That You Can Enjoy Exploring Your Passion with Full Grace
I enjoy gardening, and whenever I have free time, I immerse myself in it. But not everyone has time to do what they love to do, RIGHT? The reason is that when we grow up, we have responsibilities that always scare us to earn more.
But if you have some kind of backup plan like having second income opportunities, you don’t need to always stick to your boring job, right? That’s one more reason I think you should consider building a sustainable income option.
10 Genuine Passive Income Ideas In India To Increase Your Earning
If I say, ‘You can build wealth too,’ you might be skeptical. That’s why I’m here to reveal some of the most effective ways to earn passive income in India. Let’s explore some of the best and easiest ways to increase your earnings passively.
By the way, all these ways I personally tested.
#1 Rent Out Your Car or Even Parking Space
If you own a car but don’t use it often, you can rent it out to someone to earn some passive money. Similarly, if you have a separate parking space at your home or nearby, you can also rent it out daily to earn.
With 142 crore of Indian population, it’s very challenging to park a car in a safe place. By offering safe and secure parking spaces, you can create one passive income option.
#2 Buying and Selling Crypto Coins/Tokens
This is one of the simplest ways to earn from cryptocurrency. All you need to do is buy a few cryptocurrencies at a lower price (let’s say when the market is down) and sell them at an appropriate time.
Not only does this help you to earn passive income, but it also builds your investment portfolio. Yeah, it takes some patience and time, but it’s worth it. Plus, you can also use those crypto tokens for shopping and purchasing your household items.
#3 Social Media Influencing
Do you enjoy switching various social media platforms without feeling stressed or overloaded? If so, this could be the perfect income option to earn from home. Social media influencing is about creating and posting content that influences people.
Most big startup companies are always in search of influencers to promote and advertise the products and services they offer. That’s where you can charge some fee to promote their products from your social media accounts.
I know what you are thinking, where to find those companies, right? So, most of the time, they contact you if you have good credibility, such as followers and engagement, etc.
#4 Affiliate Marketing
Nowadays, almost every big brand offers affiliate programs through which one can easily earn money passively. No matter whether you’re a student or a job professional, these passive income ideas in India will let you earn some extra commission without skipping your job. The best part is that once you establish yourself as a trusted affiliate, this field can help you earn a good amount.
Platforms like Amazon, Flipkart, and others are some trusted affiliate platforms to start as a beginner. Once you’ve successfully gained some experience, you can directly contact companies to manage their affiliate marketing efforts.
#5 Crypto Stalking
Crypto staking is similar to food rationing but with one key difference. In crypto stalking, you will get a reward from the blockchain platforms. Let’s say a blockchain platform offers a 10% reward for a stalking period of one month.
If you purchased 500 crypto tokens and stalked them for a certain period, let’s say, a month. At the end of the month, you’ll receive an additional 10% reward for stalking your crypto tokens. Most blockchain platforms offer additional crypto tokens as rewards for stalking which you can also use for online shopping.
#6 Create and Sell Your Digital Products
Vagalia already sells their digitally created paintbrushes and Procreate art brushes. Just like her, you can also create digitally-based products and sell them online to increase your income.
Maybe you’re good at design like me.
Maybe you’re good at programming.
Or maybe you are good at any subject.
No matter what you’re an expert in, you can create digital products based on your knowledge, and expertise and sell them on online marketplaces like Gumroad, Kajabi, or even LinkedIn.
Now, you might be wondering how to create digital products. If you have expertise in design. you can create typical design pieces using CorelDRAW and Adobe Creative Cloud and sell them to boost your income.
This could be one of many passive income ideas in India that allow you to earn without any constant effort. Whoever needs your designed products can visit your online store and buy them.
#7 Become a YouTuber
Seriously, it’s the most credible way to boost your income. Believe me, if you consistently leverage this platform, no one can stop you from becoming rich. There are so many YouTubers who started their journey from nothing and now they are millionaires.
For Example. Sweden’s Felix Arvid Ulf Kjelberg, at the age of 24, started his gameplay-based YouTube channel named PewDiePie. He hit the moon as his videos were watched more than 4.3 billion times. Now think twice before skipping these passive income ideas in India.
Bhuvam Bam, who is now a famous actor in Indian cinema. Only a few people know that before becoming famous, he created videos for his YouTube channel, BB Ki Wines. On his YouTube channel, he posts humorous, entertaining videos where he acts by himself. He gained so much appreciation for this and was approached by renowned directors and producers.
There are so many other famous personalities who once had nothing and are now billionaires, all by showing their passion through their YouTube channels.
#8 Real Estate Rental Business
With an increasing population, there is a huge demand for properties emerging in the real estate market. If your house has an extra room or floor, you can rent it out and easily earn a steady rental income every month. Isn’t that a great way to make money?
I mean, just think, you don’t need to do anything, but still, you’ll receive income every month. After a few years of doing this, when you’ve saved a decent amount, you can invest in more properties and rent them out, this can double your passive income options.
#9 Invest in a SIPs
This is the most trending and authentic way of passive income ideas in India. It’s like, planting a seed, watering it daily, and watching it eventually grow into a plant that offers shade and bears fruit. Systematic investment plans (SIPs) give you the opportunity to invest any amount. There are so many different SIP options in the Indian market, such as mutual funds, recurring deposits, and more. All you need to do is select an investment plan and contribute either on a monthly basis or as a lump sum.
For Example, let’s say you invest $10 to $20 every month. After a year, your $10 per month would accumulate to around $120, with an interest rate of 10-12%. Now, just assume that if you keep investing for a longer time, the interest amount will grow even more. This way, you can earn some interest and use this for your household expenditures or to purchase your favorite car.
#10 Create Your Course
Ankur Warikoo, Maggie Stara, and many others sell their teachings through workshops and courses. Whenever you have free time from your regular work, you can spend that in creating courses on your expertise and selling them on LinkedIn, Udemy, and other course-selling platforms. Once your course is live, you can leverage marketing tactics to reach the right audience.
Over time, you’ll see that your course selling repeatedly across various online platforms. It’s one of the most genuine and authentic ways to boost your income. But, it’s not as simple as it sounds. To create one course, you have to do so much planning about the course framework so that it actually relates to the users.
In the Last…
Building a secondary income stream isn’t as hard as it may seem. As you can see, I’ve researched and outlined various passive income ideas in India. All you need to do is choose one that fits your current situation. But remember, patience is key, just like a tree grows from a tiny seed, your investment or income stream will grow with time.
Frequently Asked Questions
Ques 1. How can I make passive income in India?
Ans. There are several ways to make some passive income. Here are some of the most reliable methods to make money while continuing your regular job:
- Buying and selling cryptocurrency
- Social media influencing
- Affiliate marketing
- Crypto stalking
- Create and sell your digital products.
- Become a YouTuber
- Real estate rental business
- Investing in SIPs
- Create your course.
Ques 2. How to earn 2 lakhs per month in India?
Ans. Earning lakhs every month is a big achievement. Digital Marketing, Rental Business, Affiliate Marketing, Crypto Business, and Stock Investment are some genuine ways to make 2 lakhs per month.
We hope this article will be helpful to you. Stay tuned for upcoming articles.
READ MORE: How to Target Client’s from Online Platforms?
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