Written by Priyanka Payal
As a student, you might think you’re too short on time, capital, and experience to make serious money. But is it possible to earn Rs 4 lakh a month? The answer is YES! Many people have walked this route successfully, and so can you. In this article, we have brought you 15 viable ways that can help you help you earn monthly income of up to Rs 4 lakh and that too without too much efforts.
Freelancing
The gig economy provides numerous chances in industries like as software development, UX design, and graphic design, with freelancers earning between Rs 150 and Rs 1300 an hour. You can write for freelancing platform such as Upwork, Fiverr, Guru, and Toptal to earn an extra income each month. However, having your own website and social media presence will help you reach a wider audience. Within 1-2 years, if you work with full dedication, you can earn up to Rs 4 lakh.
Tutoring
Tutoring, mostly viewed as a side job, can be extremely rewarding. Developing an expertise in high-demand disciplines such as college exam prep, math, physics, or coding will help you attract top clientele. You can scale your efforts by offering personalized learning plans and group sessions, as well as producing online courses. It is feasible to earn considerable revenue, especially if you expand and hire more tutors.
Dropshipping
This business model entails marketing a product and enabling direct delivery from the manufacturer to the buyer, without handling the items. Dropshipping success is determined by selecting the proper products, implementing efficient marketing strategies, and providing excellent customer support. With hard work, you can earn a five-figure income in a few years.
Selling Digital Products
Platforms like Etsy, Ebay, Walmart are excellent places to offer digital products such as templates, e-books, and handmade crafts. With a little innovation, you can create and sell goods with low overhead but high-profit potential. Diversifying your services and automating sales might help you achieve your financial objectives faster.
Affiliate Marketing
If you know how to drive traffic to a website, affiliate marketing can help you make money by promoting other people’s items. Starting a niche blog or using social media can help you connect with potential buyers. As your platform grows and your techniques improve, you can generate a consistent stream of cash.
App Development
Creating an app can be a profitable business if you can tap into the proper market. Be it a small game or a more complex application, usability and marketing are critical to success. It might also be advantageous to target businesses with tailored app solutions.
Run Google Ads Campaigns
Many companies today are looking for people who can manage their Google Ads effectively to improve their online presence. By learning and mastering this talent you can earn an extra income by offering your services to businesses or maybe earn a commission on their advertising expenditure.
YouTube Channel
Monetizing your YouTube channel could seem like the best idea ever. Developing content about a niche hobby or interest can attract a large set of audience sharing similar interest on YouTube. Monetizing your channel with commercials and sponsorships can become a substantial source of revenue as your viewership grows.
Virtual Event Planning
Virtual event planning jobs are expected to grow with the rise of online events. Organizing webinars, conferences, and other online gatherings can be a lucrative business, especially when you build a reputation and network.
OneNDF’s Refer And Earn Program
Students can earn up to Rs 4 lakh with OneNDF’s refer and earn program. OneNDF is a leading loan marketplace in India that helps MSMEs get access to funds from leading banks in India. The fintech platform’s refer and earn initiative can help you earn a hefty amount and that too very easily. Want to know how? All you have to do is, refer your parents or relatives looking for a business loan or LAP to OneNDF. If the person you have referred secures the loan through OneNDF, not only the concerned person will get the loan at the most affordable rates but you will also get an opportunity to earn a cash reward of up to Rs 4 lakh. (Terms and Conditions Apply).
Subscription Box Services
Curating and selling subscription boxes is an excellent way to make consistent revenue. This paradigm enables imaginative marketing and deep customer involvement, which might be crucial for long-term success.
Social Media Management
Managing the social media handles of local businesses or startups can result in a lucrative profession. This profession requires you to stay updated with the latest trends and have a deep understanding of how to effectively engage diverse groups.
Start a blog
Blogging allows you to establish a dedicated following and profit through a variety of channels, including adverts, sponsored posts, and affiliate marketing. It provides a forum for you to share your ideas and create authority in your chosen field.
Flip vintage clothes
Flipping vintage clothing may be a fun and successful endeavor for people with a keen sense of style. Searching thrift stores for unique treasures and selling them online can lead to a successful company.
Conclusion
Reaching a monthly income of Rs 4 lakh as a student isn’t just a dream—it’s a plausible reality if you are willing to invest time and effort into building your skills and business. Each of these 15 methods has the potential to make you a billionaire and that too at a very young age. So, what are you waiting for? Choose your area of interest and kickstart your business endeavours today.
(The author is the manager, Social Media and Communications, at OneNDF)
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