How to make money online in the digital age

People are getting more and more connected to the online environment in this digital era. As a result, activities like shopping, banking transactions, and communication are now being routed through internet-enabled platforms. This has made earning money online a viable alternative to traditional earning methods such as physical businesses or jobs.

The best part is that the digital space doesn’t discriminate among participants based on their bank balance or educational qualification. In this digital age, anyone with the required acumen can explore and start to earn money digitally.

Who can earn in the digital era?

If you are wondering how to make money digitally, you must understand that it can be done as either full-time or part-time work. Depending on the type of online work you take up, you will need to devote a certain amount of time.

Earning apps are an example where people can invest their spare time to earn extra income. IDFC FIRST Bank’s MyFIRST Partner Program is one example where you can earn well over Rs. 50,000 every month from loan referrals. An excellent earning opportunity, both employed as well as by freelancers can join the program.

However, migrating a physical business to an online platform would inevitably demand your full-time attention. To sum up, working professionals and entrepreneurs too can earn online. But retired professionals, freelancers, students and homemakers can fully devote themselves to an online occupation of their choice and skill set.

It’s all about convenience

The digital space has opened up opportunities to people of all ages and from all walks of life. It is much more convenient for someone to start earning online as compared to getting a job or setting up a physical business. Let us look at the main benefits:

1. Flexi-mode:

You won’t need to work fixed hours. If you are a homemaker, you can finish your daily chores, take your children to their football game, and still manage to catch up with your online business for a few hours in between. No physical workplace offers this flexibility.

2. More for less:

Once you carve a niche for yourself in the online world, earning can be quite easy. Vloggers who accumulate a large number of followers can concentrate on content – beyond a point, their presence grows organically. Professionals with a good rating in freelance platforms similarly get clients effortlessly.

3. Security:

While working to earn money digitally, you can choose to work with safe and stable clients. Freelance platforms nowadays ensure that your payments are transferred upon completing a task. For instance, those working with IDFC FIRST Bank's MyFIRST Partner Program earn money by referring and get a weekly payout of all successful loan disbursals.

The scope for success

Unlike with jobs or physical businesses, you don’t have geographical or salary constraints in the online sphere. You could be a content writer working for an overseas client, or you could be shipping your organic tea to Mexico City!

A brick and mortar shop caters typically to a particular city or market, whereas an online business can serve a global customer base.

Here are some popular online money earning options of the digital era and how you can succeed in them:

1. Designer:

Designers are skilled professionals with qualifications and expertise in designing software. The initial investment involves educational expenses and the cost of software licensing. Through online gigs and job portals, freelance designers can work with clients from anywhere in the world. But bear in mind that receiving international payments may involve certain charges and taxes.

2. Personal finance advisor:

This is another field that requires subject matter expertise. However, personal finance advisors may have a comparatively limited global scope of growth. This is because of the differences in tax regimes in different countries.

3. Earning apps:

This is a low-investment option. Simply download your preferred app and earn money as per the app’s policies. But remember, every earning app is different. For instance, IDFC FIRST Bank's MyFIRST Partner App offers flexibility, requires zero investment, and offers uncapped earnings that you earn through weekly payouts. All you need to do is refer people in your network looking for financial assistance through the app. 

4. Influencer:

Similar to vloggers, influencers create social media content to generate more followers. As engagements in their posts increase, they can earn through product promotions and ad revenues. The investment would vary depending on the specialisation, which can be travel, cooking, décor, or something else.

5. Writer/editor:

People with literary expertise can create content as per client specifications and earn money. You can also edit prewritten content as a service provider. Although there is only a minimal investment, content creation and editing can often be time-consuming.

Conclusion

To earn money online in the digital age with zero investment, you can always consider IDFC FIRST Bank’s MyFIRST Partner Program. By simply referring IDFC FIRST Bank personal loans to people in your network, you stand to earn 1.5% on all successful loan disbursals. Apart from zero financial investment, the time invested is minimal as the fully paperless loan process can be initiated and tracked online. Download IDFC FIRST Bank’s MyFIRST Partner App and start earning today! At present, over 2 lakh+ active users are already benefitting from it

Disclaimer

The contents of this article/infographic/picture/video are meant solely for information purposes. The contents are generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. The information is subject to updation, completion, revision, verification and amendment and the same may change materially. The information is not intended for distribution or use by any person in any jurisdiction where such distribution or use would be contrary to law or regulation or would subject IDFC FIRST Bank or its affiliates to any licensing or registration requirements. IDFC FIRST Bank shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information mentioned. Please consult your financial advisor before making any financial decision.