Earning Tips - Personal Finance Management- 2

Earning Tips

Two main ways of Income is Offline & Online

 Offline Earning -

A person can earn money from different places, and this can be grouped into several types. There are five main types of income –

 a)                  Earning from salary

b)                  Earning From House/Office Property Rent

c)                  Earning from Business profits

d)                  Earning from Capital Gain: 

e)                  Other Sources: 

 

Earning from salary:  

Earning from salary is the money a person gets for doing work based on a job contract. This contract should be part of an employment agreement.

Earning From House/Office Property Rent: 

 A house property can be any land or building that you own, like your home, office, or business. Income from house property is the money a person makes, mostly from rent, by owning a building, apartment, shop, or land. The Income Tax Department does not treat your business differently from your home when checking your income. All properties are taxed the same way.

Earning from Business Profits

Earnings usually refer to how much money a company makes after paying all its costs. Net earnings show what a company has left after expenses. In simple terms, earnings show the total money a company makes from its business activities during a certain time

Net earnings are a way to measure a company's financial performance for a set time.

Earning from Capital Gain: 

Any money made from selling a capital asset is called Earning from capital gains.  You can use both Short-Term and Long-Term Capital Assets to make this profit. You can only earn Capital Gain if the asset you sell is a Capital Asset. If it’s not a Capital Asset, you won’t have Capital Gain. Examples include selling a house or selling stocks.

 

 Other Sources:

Money that doesn't belong to any other category will be called 'Income from Other Sources.' This includes things like gifts, interest from savings or fixed deposits, and dividends.

Online Earning -

It means money earned from things done online. This can include selling items, providing services, taking surveys, or earning money from social media.

Your phone or laptop could help you to make real money without getting up from  your couch? when you are on Instagram, watching YouTube, the internet can be a way to earn money, not just pass the time? think about making extra cash while doing something you enjoy, or turning your free time into regular income. but so many choices, where do you began? That's what this blog is for. we will show you the easiest and most trustworthy way to make money online.

 

You can make money online in India, but you need to follow some rules:  

Before you start working online for someone, check if they are real and trustworthy.

 Be careful when picking online earning apps or websites, as they can cause serious problems.
Always read their rules. Making money online through illegal activities is not allowed and can get you in trouble.

Don't get involved in online crimes like hacking, pretending to be someone else, or tricking people. 

 How to earn Money Online in India

In India, if you want to make money online, a quick Google search will show you 500+ ways to do it.  But many of these are just ads for people or companies. The blog will explain how you can earn money online.

 Some simple ways to earn money online.  

Online Web Designing Services - If you know how to use a computer, you can take an easy web design course and start your own web design business. There are guides that will help you learn. After that, you can start making money by creating nice websites for people and businesses. 
 

 
Start Blogging -Start a blog to share your love for food, fashion, or writing. This is a great way to make money online. With effort and determination, blogging can really change things for you. To begin, you need a domain name and a web hosting service. Web hosting usually costs between ₹1000 and ₹5000 per year.
 
 Freelancing - Freelancing means being your own boss. As a freelancer, you don’t have to work for just one company, so you can live anywhere with good internet. You choose when to work and who to work for. Thanks to the internet, it’s easy to find people and businesses that need your skills. You can work with clients from your country or even around the world. Sometimes, you can also work with other freelancers who are far away. Some common freelance jobs include making websites, designing graphics, and writing, developing apps, editing videos, improving website visibility, and providing virtual help.

 Online Tutoring - Online tutoring is a great way to make money from home for free. If you love teaching, you can help students learn online. You can teach your favorite subject to students all over the world. Beginners usually earn about ₹200 per hour through online tutoring. With more skills and experience, you can earn up to ₹500 per hour. You can also check out our detailed blog for more ways to earn money by teaching online.

 App Designing & Developing - A popular way to earn money is by becoming a mobile app developer or designer. In recent years, there has been a high demand for experts in Android app development and people who work for app development companies
 
Start a YouTube Channel - Do you want to be famous on YouTube and make money from it? If so, you need to be patient and work hard! A YouTube influencer makes videos to share helpful information. Uploading videos on YouTube is a simple way to earn money using your phone. If you want to share your ideas with others, you can start your own YouTube channel. Since many people create content on YouTube, you need to find a way to be different. Companies pay a lot to marketers to help promote their products. To get noticed, make interesting thumbnails, share your videos on social media, and connect with your viewers to grow your audience.

Start an Online Store - Online shopping has become very popular in recent years. If you want to show your products to people and make money, you can become an online seller. A seller on Snapdeal or Flipkart sells goods for money.  To start selling online, create a store on an e-commerce website and provide your business info, bank account details, and tax information. You can then add products and manage orders through a dashboard. When you make a sale, the money goes into your account. 
 
Become a Freelance Copywriter -Copywriting is writing short content for ads and marketing. It should be clear and to the point, sharing one or more ideas quickly. It takes a lot of thought but can pay well! If you enjoy writing and want to make money. 

Become an online Content Editor - For a usual income and you want to work from home on your desktop, laptop or on your mobile go for copy editing. it is very easy to make money from content and copy editing. if you are good in grammar & typing, you can became a Copy Editor 

Affiliate Marketing - It is a popular way to make a money online. when you promote product or service using your special link and earn money for each sale made through that link.