5 Ways To Make Money Online In India

Internet access and a digital device can open a world of opportunities for you. It is also possible to make money online that does not require you to have a specific qualification requirement or experience.

However, make sure you verify the authenticity of the website before you enter any kind of agreement. Also, while these may seem like easy ways to earn the extra buck, it requires consitency and dedication, like any other job, for it to give any significant results.

PTC websites

PTC websites

Paid-to-click (PTC) is an online business model where one can make money by clicking on and reading advertisements for around 30 seconds and receive payment for doing so.

These PTC websites act as middlemen between the viewers and the advertisers. It charges the advertisers for driving online traffic and with the same revenue pays the clickers for their time.

The payments are made in the form of money or gift cards.

The service may be extended to completing surveys, playing games, etc where you will be required to provide your feedback on a company’s product (like the game) or take a survey being conducted by the company.

Note: There are multiple fraudulent websites that claim to offer these service. Make sure to verify the authenticity.

Google AdSense

  

Google AdSense

Google AdSense is an advertisement service whereby publishers of content get a chance to make money by placing ads on their website. These ads are managed, sorted and administered by Google.

However, making money from AdSense is not as easy as the PTC site. You can either start a website, or a blog (using Google’s blogger) or a YouTube channel (also a Google product) wherein you create content and drive traffic to your work.

The money is driven by the number of people that visit your website or channel. You will be paid for the number of viewers that see the ads or click on it.

To earn a higher income, you need to make content that drives greater traffic to the website, blog or videos.

Online selling

Online selling

If you have the skill of making handicraft or any product that can be shipped to customers, you can open an online store and start selling.

Apart from dedicating a website for your product, you can tie up with large online retailers like Amazon, Flipkart, Zomato or Swiggy to help connect you with potential buyers and help you with making the delivery.

If you can make products like a mugs, rugs, designer wear, etc, you can sell these on Amazon or Flipkart. You need not make these products, you could even be a dealer who buys from producers.

Online selling is also big for chefs and cooks that lack an infrastructure for a restaurant or would like to drive higher sales than usual. Food delivery apps like Zomato and Swiggy enable order pick up and drop for food-makers.

Services by these brands are highly reliable and help you save on dedicating time and money towards marketing and delivery. You will, however, have to invest in packaging expenses as expected by the online retailer’s standards.

4. Freelancing

  

4. Freelancing

There are online website services that connect users with clients looking for freelancing jobs. These are popular among writers, graphic designers and software developers who have the freedom to work for Indian as well as international clients and sometimes earn in dollars.

If you do not wish to engage with a middleman, some content websites also connect directly with writers, graphic designers and software developers to create work that is paid on project basis.

These jobs not only allow the freelancers to work within the comfort of their home but gives them the opportunity to work as and when they can. It is also ideal for those looking to build their work portfolio at the early stages of their career.

5. Online market trading

  

5. Online market trading

There are multiple stock brokerage companies that allow you trade in equities, commodities or any investment instrument of your liking using just an app on your phone. However, stock trading comes with a great amount of unpredictability where you can stand to lose your money.

You will have to keep yourself updated with news in the business and political world and study the complex aspects of financial market on a regular basis.

With an internet connection, you have a plethora of websites and videos to read news and learn how to invest in the stock markets.

[“source=goodreturns”]

Follow these 5 ways to make more money in this financial year

The starting of the financial year is the best time to review your financial planning. If you want to make more money in this financial year 2020 then you must follow these five easy ways.

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5 ways to make more money this financial year  |  Photo Credit: BCCL

New Delhi: The starting of the financial year is the best time to review your financial planning. Apart from the saving, planning, investing and reshuffling the portfolio, there are some tips which can help you grow your wealth. Earning a high salary is not enough to make money. It is essential to make a proper plan and track your income and expenditure.

Financial planning should involve taxes, deductions, loans, EMI, budget, earnings, income, etc. To lead a financially fit life one must plan accordingly. You should be careful enough before investing your hard earned money.

Five ways to make more money-

  1. In the first month of the new financial year, people should start planning for the taxes. Most of people complete this task at the end of the financial year. Planning in advance lets you know about tax saving instruments.
  2. Insurance plans should not be bought blindly. Look for an insurance cover which is capable to cater your future needs and lifestyle. Seeing your financial commitments and dependents from your family determine the right amount of insurance amount. You can even take the financial advisor’s help to choose the right plan and cover.
  3. It is advisable to review your investments from time to time. If you find out that some specific investment plan is not performing well, then do not shy away from switching it to another plan. Always look at the five to six years of return history before making investments. Try to make a plan and explore new funds after reviewing their returns in the past.
  4. Always keep a check on your cash flow. Track your income and expenditure and ensure that your expense should not be more than your income. Cut down on your extra and unnecessary expenses and invest that amount in your emergency fund. A contingency fund comes in handy during the financial crisis. It ensures cash in hand at the time of urgent need.
  5. Do not get lured by the idea of making more money. Before you invest your hard earned money make sure that the option is not risky. If you do not understand any particular scheme then sought the financial advisor’s help. Try to avoid putting your money into those funds or options which you do not understand.

[“source=timesnownews”]

Here’s what millennials can do to make money from equity market

When the stock market was touching new highs in January 2018, Mumbai-based Vivek Mistry, 24, got tempted to invest in equities after completing his commerce graduation in 2017. He was keen to learn about investing in equities through experience.

But he didn’t have money to invest in equities. So, in March 2018 he borrowed Rs 1 lakh from his parents and invested in equity markets. That wasn’t his only mistake.

He decided to dabble in derivatives; he bought future contracts of some state-owned banks. But dismal state of state-owned banks (the news of the Punjab National Bank fraud perpetrated by now-fugitive diamantaire Nirav Modi had just been unearthed at the time) and the non-performing asset malaise in banks, in general, didn’t raise enough flags for Mistry who went ahead anyway.

Within two weeks of investing, Mistry lost Rs 50,000 as he decided to wind up his derivative positions. “I made a big blunder from my very first investments by trading in derivatives futures contract and not keeping a stop loss,” said Mistry.

When it comes to dipping fingers in equities, Mistry is not alone. For instance, smallcase.com, an online platform for equity investing, 40 percent of investors are under 27.

A smallcase is an investment instrument; each smallcase is a portfolio of stocks or exchange-traded funds that reflect an idea, theme or strategy. Smallcases platform can be found on brokerages like Zerodha, HDFC Securities, Kotak Securities, Axis Direct, Edelweiss and others.

Nearly 70 percent of stockbroking firm Zerodha’s customers are under 35.

Unfortunately, ease of technology doesn’t restrict youngsters from making crucial investing mistakes.

“Several millennial investors tend to follow the unprofessional approach like investing on random recommendations from friends / colleagues, following ace investors blindly, etc. while investing in equities and tend to register losses due to the short-term and mid-term volatility,” said Hitesh Chotalia, Head of Education at trading and investment institute, FinLearn Academy.

Stop listening to your friends; listen to professionals

One big mistake, experts say, that many commit while investing in equity markets is to listen to their friends, neighbours, uncles, aunts and everyone. Yet, we squirm when it comes to paying a fee for professional advice.

Pune-based Gaurav Kapoor, 25, followed a friend’s advice in October 2018 and invested his hard-earned money in penny stocks (those stocks whose share prices are less than Rs 10). He invested Rs 1.5 lakh after his friend had advised him to buy shares of small-sized companies on the back of expectations of rally in stock prices in this penny stocks.

But, in just two months, the value of Kapoor’s investment went down to Rs 25,000. He had learnt his lesson and later turned to a financial advisor who has now put him on a systematic investment plan of Rs 20,000 in a mid-cap mutual fund scheme.

Mrin Agarwal, financial educator and founder of Finsafe India said: “Most millennials don’t have the capabilities to analyse financials of the company, interpret the news. They often end up buying stocks on tips from friends / colleagues.”

Buy and hold is good, but learn to let go as well

An earlier Moneycontrol – CRISIL Research Ltd study published in January spoke of the merits of patiently staying invested through turbulent times.

The study pointed out that if investors who had invested in January 2007 in rising markets had panicked and redeemed in 2008 after the global market crash that happened on the back of credit crisis and had withdrawn at the end of 2008, investors would have lost 33 percent.

Those who had stayed invested till the end of the year of 2011, would have made a marginal gain of 4 percent. But if you had stayed on till the end of 2017, you would have made 16 percent. The study had considered the 20 largest equity funds at the start of 2007.

But that doesn’t mean you hold on to bad investments. Experts advise that when you buy equity shares directly, it’s better to have a stop-loss instruction in equities with a broker to sell a security after it reaches the price limit you had set.

Nithin Kamath, Founder & CEO of online stock broker, Zerodha said, “Having stop losses as a part of every trade will assist in being a disciplined trader without which some of the most common trading blunders will come to the fore. Stop losses need to be defined on a number of factors such as the maximum loss an investor is willing to take on a position, a risk to reward ratio, market volatility etc.”

Averaging stock price – not fruitful at all times

Often investors average the stock price by accumulating more quantity when the price of a particular stock from portfolio tumbles.

For instance, in 2017 Kinjal Shah, 25, residing in Mumbai decided to accumulate equity shares of Reliance Communications.

She invested on the back of reports that the firm was seeking a buyer for itself since it’s own debt levels were high. Her calculation was that if a suitable company acquires Rcom, the firm’s own share price would go up.

Happily, she started accumulating this stock at a price of Rs 32 per stock. The sale hasn’t yet happened, but in the meanwhile, Rcom’s share price has fallen to Rs 5.06 (as on closing price of 25th March, 2019). She kept on averaging the cost price by continuing with her investment in this stock.

She ended up investing Rs 50,000 and accumulated 1200 quantity of Rcom stocks. Shah says: “When I knew the company was not doing well. I should have not invested into it with certain assumptions or should have a stop loss while investing to reduce losses.”

CA Sameer Shah, CEO at Sameer Shah and Associates from Mumbai advised, “Millennial investor always needs to study the fundamentals of the company from annual reports, quarterly results and take a second opinion from research analysts who track the company before investing and accumulating the fresh quantity of the stocks.”

Mutual funds or direct equities; do SIP

If you don’t have the time or wherewithal to go through a company’s annual reports or cash flow statements, it’s best to stick to mutual funds. Numerous online platforms are available that help investors to invest in mutual funds.

Financial advisors and distributors also offer holistic financial planning to guide the millennials to invest across equities and debt.

Suresh Sadagopan, SEBI registered investment advisor and Founder of Ladder7 Financial Advisories said, “Millennials can commence investment if they are able to understand the schemes or else it’s recommended to take help of the financial advisor to identify goals and invest in a diversified portfolio analysing the risk appetite.”

Avoid the lure of direct plans in mutual fund schemes if you are just starting out. These are plans that facilitate investors to invest in mutual funds without any distributor in the middle.

Hence, direct plans come with a lower expense ratio as distributor fees are not embedded in them. Regular plans have distributor fees embedded in them as they are sold by distributors. But trying to save a bit of cost here and you risk of losing much more if you end up investing in the wrong mutual fund scheme by yourself.

But SEBI registered investment advisors can sell direct plans if you are opt for their fee-based financial plan; a much safer way to invest in equities.

Kamath said, “One of the easiest ways today to get started for millennials is SIP in mutual funds, more specifically index funds. It can be something as simple as a combination of Nifty 50 + Nifty Next 50 index funds.”

Financial experts say that as you gain some experiences and survive at least one market cycle, you can slowly consider part of your overall portfolio investing in direct equities after having exposure in index funds and mutual funds initially.

If I sell equity soon after I buy, I am gambling

A large section of investment population buys stocks in the morning and sells it in a day. This is called day trading and millennials should stay away from it.

Sadagopan said, “An investor in day trading might make money on one day and lose ten times the money on the next day. It’s not to be considered as an investment at all.”

Several millennials prefer taking a position in selected stocks for short term and plan to exit after achieving target price.

Amol Joshi, founder of financial advisory firm Plan Rupee Investment Services said, “It’s important to note that equity is affected by both micro and macro-economic factors. So, many things are not in control of investors while investing for a short period of time.”

[“source=moneycontrol”]

Out of phone storage? Five Android apps that help you clean up space, make phone snappy

There are a number of apps that can help you do more with the existing storage of your phone

By Zia Askari

Let’s face it, we all hate to wake up and find there is little space in the internal memory of our mobile phone. Whether you have a device that carries 16GB internal storage or 128GB of storage, it becomes a daunting task to optimise the performance of storage in your device, more so for a not-so-tech-savvy person. There are a number of apps that can help you do more with the existing storage of your phone such as organising files in a better manner, compressing files, and managing duplicate content on the device. We take a look at five Android apps that can help you organise storage in an efficient manner.

Astro File Browser
Astro File Browser is one of the oldest file manager apps that have been designed to help manage storage in a simplistic and yet effective manner. Some of the important features of this app include support on cloud storage, SD card support, file compression, app management. This app also provides archive extraction support.

File Manager
As simple as it may sound, File Manager is another good app that can help you manage your storage quite efficiently without adding too much of pressure on your computing resources. This app provides basic file management features along with cloud storage.
You can browse your installed apps, photos, audio, video and downloads, etc., with this app.

Clean Master
Clean Master is a widely used app because of its seamless storage cleaning capabilities. It lets you clean the app cache, residual files, history within the apps and many other junk files which pile up after you start using apps in your device. The most important factor contributing to the success of this app is the fact that this does not cause battery drainage.

Total Commander
Total Commander is one of the most powerful storage management apps on Play Store. It comes with a number of interesting features such as network storage, cloud storage support, book marks, plugin support, and also comes with an included text editor.

X-Plore File Manager
Yet another innovative storage management app, this delivers a unique interface in the form of dual panes—which means that you will be managing two windows at once pretty much all the time. This helps if you need to copy/paste between folders or need to move files quickly between two folders. This app also comes with support for various types of files, network storage, cloud storage, network storage (FTP, DLNA/UPnP), root support, and other features.

Duplicate Media Remover
Most of the time, unknowingly, we all have a lot of duplicate content in the form of pictures, voice files and videos occupying our precious internal memory space. This app can help you scan, find and remove all similar files including audio, videos, images and other files and manage your phone storage quite effectively. It provides options to select folders and to find and remove identical files between them. Using this tool, you can schedule scans on a weekly basis where it will scan device as per your convenience and help you manage your storage in an easy manner.

[“source=financialexpress”]