MT: Discover five quick ways to make money online MD: Today, there are many ways to earn money online. From freelance to trading, the choice is broad. These five ideas are increasingly popular in India. What is the Fastest Way to Earn Money in India? The year 2020 has been traumatizing for many businesses in India . 2021 is also expected to be challenging, as growth will be modest. Conventional ways of money making are being transformed, as jobs have to be performed remotely. However, every crisis is an opportunity, and you may earn money quickly if you ride the current trends. 1. Become an Online Entrepreneur Talented entrepreneurs see new opportunities in any situation. Today, you can monetize skills and knowledge through online platforms. These allow users to generate passive income in a variety of ways. Basically, any popular social network can bring money. You can work via Facebook, Instagram, TikTok, or YouTube. Here are the key avenues worth exploring. The largest video sharing site rewards content creators with a large following. If you have strong public speaking skills, you can make videos explaining different topics and earn money from them. Brands may ask you to promote their products for a fee. Finally, your audience may support you through donations. Owners of popular websites can monetize them through Google AdSense. This service connects them to a network of online advertisers. It chooses and places ads automatically. The larger the audience — the bigger the revenue. For example, if a website is devoted to food and drinks, and has at least 50,000 views monthly, the annual revenue will exceed $3,400. If the subject is home and gardening, the average income rises to $7,000. At least this is what the official calculator shows. 2. Start Online Trading This segment is thriving, partly because lockdowns have increased its appeal. One can learn to make money from home through smartphones, tablets, or computers. No specialist knowledge is required, as educational resources are free. To succeed, you need to learn how financial markets work and how trends are capitalized on. Forex trading is only one possible direction. Today, brokers offer a broad range of options in different markets. You can learn to trade stocks, precious metals, or more complex instruments like CFDs. The beauty of this instrument is that you may reap benefits from several markets without owning any physical assets. Profit is purely speculation-based. It is easy to open a CF D trading account in India, and entry is very affordable (just $100 on average). However, you can start trading currencies with less — the entry threshold for a cent account with ForexTime is $10. 3. Become a Coach Coaching is increasingly popular in the West and elsewhere. If you enjoy working with people, you may become a life coach or a narrowly specialized professional. You can work from home and define your own schedule. If you are a good public speaker, success is not impossible. Some of the most popular niches include: ● business; ● career transition and job search; ● romantic relationships; ● academic issues; ● spirituality; ● aging; ● work-life balance; ● weight loss; ● general wellness. A life coach is different from an advisor. Their job is not to give recommendations, but to guide the listener’s thinking in the right direction. Coaching is not effortless — it is also a huge responsibility. After all, you will be helping people to improve different aspects of their lives. Training may be completed online, and the demand for such services is high. Make sure industry associations like the International Coach Federation have accredited your program. Professional credentials make you more attractive to potential clients. 4. Start a Freelancing Career If you have solid writing, coding or design skills, you may become self- employed. Freelancers choose what projects to work for, and they are not tied to a cubicle. On the downside, you will have to take full responsibility for your income and accept the fact that it will not always be stable. Some companies pay you per hour, while others pay per project. 5. Explore Productizing Options Turn your knowledge into a product that you can sell even while you are asleep. For example, if you write a book, you can sell it through online platforms and earn passively. The Conventional Way Radical changes are not always necessary. If you think your performance in your regular job is excellent, why not apply for promotion? Just talk to your boss and see if this opportunity exists. As you rise in the corporate hierarchy, your salary will grow. However, in many companies, promotion takes years. Consider internet-based methods to achieve faster results.