The easiest and most popular way to earn a little pocket money (up to ₹2500 monthly) during this lockdown is participating in consumer market research.
Only Qualification: You’re a citizen of one of the fastest-growing consumer nations i.e. India, USA, Australia, UK, etc.
You can earn up to Rs. 500 in a month (approx.) from 1 legitimate market research website. Once you sign up for a market research network, you’ll get invited to their partners within a week; Rs. 500*5 sites = Rs. 2500 approx. per month.
The payment is in the form of cash via PayPal/Paytm, Nyka/Shoppers Stop vouchers, Amazon gift cards, Flipkart vouchers, Big Bazaar/Grocery/Restaurant vouchers, and a lot more!
You, as consumers, get paid for sharing your valuable opinion with brands entering India. To get invited to legitimate market research websites that pay, simply subscribe to this blog using just your email: Signup | Intuitshala
What is Market Research? Is it legitimate/safe?
Did you notice that Jiomart and Reliance digital are the first to appear when you make Google searches of ‘buy’ anything these days?
This is not a coincidence, it is strategic. Reliance is after Amazon and all other major international brands. They’ll gain the most from the current Swedesi Atm-nirbhar movement.
In India, Mukesh Ambani is going to give Mr Bezos a run for his money.
What has this to do with the consumer market research industry?
Post the popularity of ‘India vs China’ war, all major companies like Apple have started moving their manufacturing plants to India. When India becomes a global manufacturing hotspot, there will be increased economic activity leading to more jobs and higher disposable income.
Increased disposable income means more spending, which will make more global brands seek opinions from Indian consumer on their purchase behaviours (I.e. Consumer Market Research), especially during recession and lockdown.
Note: Market Research is not a scheme to ‘get rich’ quickly and easily. This road cannot be an alternative to your regular 9 to 5 job. You can earn about ₹500 to ₹2500 a month, depending on the free time you plan on dedicating to sharing your opinions with global brands.
Let us also explore other alternatives to earn money in your free time:
Blog Head to blogger.com (for beginners I prefer this over WordPress and the Adsense account gets approved faster)
Read How do I become a successful blogger?
YouTube Video consumption has risen and blog consumption is slowing, why not create videos?
A YouTuber puts his rabbit to sleep and feeds his rabbit once it wakes up. He films the entire process and uploads the videos YouTube to earn over Rs. 5,00,000+ a month.
Source: OneMorePlease (Channel name)
If that seems like too much work, one can make over Rs. 25,00,000+ by just eating crunchy fried chicken on the internet. Don’t believe me? Visit the below YouTube channel.
Source: SAS-ASMR (Channel name)
Fiverr.com are you that inspirational person who is always the one to give advice to your friends during hard times or breakups? You can simply sell anything in this fast-growing platform. Read: What should a beginner know to make money on Fiverr?
Self Publishing
Forget a million rupees, hit it right and you can make a million dollars through self-publishing. Amazon Kindle is a great starting point.
Airbnb
If you want to invest in an extra living space or even have a spare room in your home, you can try out Airbnb. You can rent the space to travellers who are looking for a place to stay and earn additional income whenever it’s booked.
Part-time Social Media Manager
With an active presence on Social Media being the norm rather than a preference, an increasing number of organization and businesses are turning to social media platforms (such as Facebook, YouTube, Instagram, Quora, etc.) to promote their products or services.
eBook Writing
Because writing was my passion, I had a go at writing eBooks.
Making money by taking pictures
This is the easiest way to make money, but you should understand what kind of pictures can be used in the industry. You can sell stock footage too. Simply capture a crowd, sell it as stock footage and earn a royalty every time someone makes a purchase.
Get 1000 followers simply by following random people (but make sure you do it patiently), you can easily get 20 to 30% follow backs with just a few initial posts. Grow the page and promote brands or simply gain followers by exchange tagging other pages.
Stock Market: Buy promising stocks
Buy the stocks of any brand you will purchase in the coming days (i.e. Amid lockdown) since post corona world will be essential commodity-focused and less luxury and comfort-focused. Buy essentials commodity brand stocks like FMCG, Pharma, etc.
Peer-to-peer lending: Peer to peer lending India | Personal Loans & Alternative Investing - Lendbox or Faircent: Peer to Peer Lending India
Lend small amounts like 25k, 50k, etc. to loan seekers and charge interest (up to 30%) based on their CIBIL score/credibility. When banks deny loans, people turn to such portals for small loans for travel, marriage, emergency expenses, etc. It is like starting a small finance company of your own. There is the obvious risk of non-payment in this (like any bank) but it is taken care of by these portals.
For more, follow me on Quora or explore my blog.
Bonus tip (May come handy during lockdown): Use options like Lazypay (by Payu) on Best online recharge solution to pay your outstanding bills (if you need money urgently) - it works like an instant small loan without any collateral.
Reliable Sources:
Forbes: 21 Ways To Earn $100 Every Day Online
How You Can Earn Extra Money To Help Pay Off Holiday Bills Quickly
Yourstory: Top 10 Ways to Earn Money Online
Google: Make Money Online Through Website Monetization
Business today: 20 ideas to make money online
Economic times: How to Earn Money Online | Earn Money Online | Ways to Earn Money
The week: Best ways to generate extra money online
Financial Express: How to make money online with WhatsApp: Check top tricks and step by step guide
Business Insider: Simple and interesting ways to make money during lockdown
Times now: How to make money online? 5 amazing ideas for you
Mensxp: 5 Easy Ways To Make Money Online Without Much Investment
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