Top 5 ideas to earn money online
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- Earn Online Money Through Share Marketing Sites
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Yes, if you trade in stocks like a pro-investor then chances are high that you generate greater profits. You can buy fundamental stocks at a low price and go for long-term for better returns. Check best books for stock market. You must be thorough with the performance of the share market.
You can’t count how many jobs there are online. If you search online in proportion to what you know, you will get thousands of jobs. However, today I will discuss some online work where you can earn a large amount of money with less experience. So let’s start without delay.
1. YouTube
YouTube Currently the largest video sharing platform is YouTube. You can see that I have discussed about YouTube in my 3 posts before. So how is income on YouTube. Many people have a misconception that one thousand views of a video on YouTube is a dollar income. This is a big mistake. Income on YouTube is through AdSense. You can apply for AdSense if your channel has a thousand subscriptions and you upload videos following YouTube’s monetization policy. Start your income from now on.
2. Blogger
Blogger Blogger has become a well-known platform after YouTube. You can come and see if I have a tutorial on this. The post you are currently reading is from Blogger. What is a blogger now? Blogger is a kind of platform where you can earn some money from Google by sharing your passion. Bloggers also earn income through AdSense.
You can get AdSense approval by making 10 posts on Blogger and you can also get rejected by posting one thousand. At first I looked at the number of Google posts but now they give more priority to the content. This means that if your content is unique, copyright-free and educational, you will get AdSense very quickly. So make money by posting on the subject that you are experienced in. If you want to know more about this, you can see my other post.
3. Freelancing
Freelancing Nowadays freelancing has become very popular. Here you can earn something in return for doing the work of someone else. You don’t have to be very experienced to do freelancing. Here you will find all kinds of work.
Interestingly, a survey found that there is more work than employees on large freelancing platforms. But gradually that number is declining. Now a lot of people have taken up freelancing as a profession. Since the work here is easy and the number of jobs is high. So if you are less experienced then you can take up freelancing as a profession online earning ideas. I will post a post about freelancing later inshallah.
- Read Also: Any Game Top up at a lower price with bKash 2021
4. Affiliate
Affiliate Marketing The definition of affiliate marketing is that if you help a company sell an item, that company will pay you some commission. This one Says affiliate marketing. Amazon is currently a very popular affiliate marketing platform.
Here you can earn by just registering, copying links to different products and pasting them on your Blogger, Facebook, etc., but for this you need to have a good amount of followers on Blogger or Facebook. You will also get banner ad code on this platform. This code will create an ad on your blog which will increase your earning a lot.
5. CPA Marketing
CPA Marketing “CPA” is rendered “Cost Per Action”. “CPA Marketing” is best for beginners. Here you can earn money by signing up, liking, etc. in someone else’s company, video, etc. respectively. Moreover, you can earn a lot of money by doing surveys. So this was my discussion in today’s post will hopefully be good until then. Thanks everyone online earning ideas.
Related
Most of the people come to share market to earn money on a daily basis but they fail to do so and there are primarily three reasons: –
1) Lack of knowledge
2) Lack of Experience
3) Lack of Discipline (psychology)
But the question is whether is it possible to earn daily money through trading in Indian share market?
The correct answer to this question is NO.
It is not possible to earn daily money in share market but YES you can make monthly profit.
WHY? The main reason is
Lot of domestic and international factors/events govern the stock and indices direction on daily basis and that is beyond anybody’s control so it is difficult to gauge the market movement on daily basis and make money.
Due to this reason, professional and experienced traders try to earn money on monthly basis and not on daily basis.
They watch daily price movement, keep updated themselves about all events, and trade only when the opportunity comes.
If you try to do daily trading, then I am sure the trader will lose money. I went through this situation many times and lost huge amount of money in day trading.
It is for sure that every day is not a trading day and it is highly possible that losses will occur if trader tries to do every day trading and earn money in share market.
So the wise decision is watch the daily market movement and trade only when opportunity exists and this is how trader will get success in day trading in Indian share market.
If you are beginner or getting frequent losses in trading then you should try doing paper-trading practice and if you get success then you can gradually move to actual trading with money. For more step wise information about paper trading practice, please visit this page
So now, we will see
How to earn in day trading in Indian share market?
We advise the following 4 strategies to make profitable monthly earning in share market
1) Take small profits and do multiple trades and earn thousands at the end of the month in share market.
2) Cut down losses in day trading (trade with strict stop loss) because Money saved is money earned.
3) How to pick stocks, futures, options for trading
4) Very important – Don’t try to trade every day and make money. Wait for the opportunity and then trade.
1)Take small profits and do multiple trades
One of the successful strategy for day trading is “take small profits and do multiple trades”.
If you want success in day trading then look for small profits, if you want big profits in day trading then you would get it once or twice but at the end of the month, you will not be profitable.
The bottom line is you will get multiple chances to take small profits, so do multiple trades and take small profits.
Precaution – You should have a low brokerage trading account, precisely you should have flat brokerage or else your trading expenses higher and hence your profit will come down.
For example – Suppose if the day trader’s buying price of a share is at Rs.200 then he will wait for the price to go till Rs.204 or Rs.205 and then he will plan to book profit, which is highly impossible on a frequent basis in a single trade.
We feel this doesn’t sound practical and this is the reason why traders lose money after waiting for a long time.
If your intention is to earn money in a day, then just concentrate on small profits and do multiple trades instead of waiting to get a big profit in just single trade.
Markets are always right so to avoid the risk and hence losses it is always recommended that day traders should keep booking profit wherever applicable.
Take small profits and do multiple trades – This strategy will assure you get profits, and all the profits that you do throughout the day will add up to the good amount at the end of the month and this is what you want, right?
Please note – Earning Rs 5000 per day requires lakhs of investment in addition to huge experience and at the same time involves very big risk. So first gain experience by trading with a small amount and then you can move on to earning Rs 5000 daily profit. Rather we suggest start earning a small amount and slowly move to higher profits.
Important advice – Instead of looking for daily profits look for monthly profits, so this will not force you to make daily unwanted trades and it will save you from losses. This is very important because if you decide to take daily profits then you will trade daily irrespective of whether you will any trading opportunity and this will make you enter into the wrong trade and ultimately you will end up into losses.
So please have a look at the following example about how taking small profits and doing multiple trades will provide you a good amount at the end of the month.
So please have a look on following example about taking small profits and doing multiple trades and how it will provide you a good amount at the end of the month.
Now let us see the practical example how to earn profit in day trading by taking small trades and doing multiple trades.
Please note – prices are taken as example.
If you see the Tata steel in top gainers in the morning around 9:30 am.
If you Bought Tata steel at Rs.470, quantity – 400 i.e. Rs.470 x 200 = Rs.94,000
As it is in top gainers, after some time it is highly possible that it will move up so you sold it for Rs 472.5 (just Rs 2.5 profit per share)
You have 200 shares so the total profit earned is Rs 2.5 x 200 shares = Rs 500
Rs 500 is your gross profit.
Now we have to minus brokerage and taxes applicable for this trade so that the net profit can be calculated. To know the latest brokerage and taxes calculation for day trading please visit the Brokerage and taxes calculation section.
Brokerage and taxes for your buy trade
Total amount you have to pay for brokerage and taxes for buying tata steel 200 shares is
Brokerage + Transaction Charges + GST
9.4+3.055+2.24 = Rs 14.7
Brokerage and taxes for your sell trade
Total amount you have to pay for brokerage and taxes for selling tata steel 200 shares is
Brokerage + Transaction Charges + GST+STT
9.45+3.071+2.25+23.62 = Rs 38.4
Finally, you have to pay stamp duty
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The stamp duty – On total turnover for a day that varies from state to state and it is from 0.001% to 0.005%.
Total turnover is buying amount + selling amount
94,000+94500 = Rs 1,88,500
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Stamp duty is Rs 9.42 (stamp duty 0.005%)
So total brokerage and taxes you have to pay for this transaction is
brokerage and taxes for buying amount + brokerage and taxes for selling amount + The stamp duty
Rs 14.7 + Rs 38.4 + Rs 9.42 = Rs 62.42
Your Gross profit is Rs 500 and you have to pay Rs 62.42 as expenses for this transaction so you net profit is
Rs 500- Rs 62.42 = Rs 437
The conclusion – You have earned Rs Rs 437 as profit from this trade.
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Important point to note – If you continue doing such trades with such small profits then it will end up with big amount at the end of the day.
Suppose if you do 2 trades in a day then your net profit will be Rs 437x 2 = Rs 874 per day.
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continued to Day trading profits page.