How to make money online from home without any investment

There is a steady demand for freelance, remote, and part-time jobs in the job market. For recruiters, this means hiring someone who is not a full-time employee of the company. At a strategic level, it is the creation of tasks and projects that can be assigned to part-time workers. 

For those seeking employment, online jobs have opened up the immense possibility of remote working and freelancing. Young and experienced professionals, employed or otherwise, can now earn money online without the hassle of a full-time job. 

Online jobs have opened up new employment avenues for people who are either unemployed or engaged in part-time activities. For people with a job, earning money online can be an additional support to strengthen their finances.

Why you should consider an alternative source of income

There are many reasons why you should consider a side income and look for online money earning opportunities. Here’s how you stand to benefit:

1. Reduce dependency on primary income:

For many families, a single source of income proves to be barely sufficient to make ends meet. In such cases, the second income can offer a welcome inflow of funds. An alternative career is also useful in times of job uncertainty. In case of sudden job loss, it ensures that some money continues to flow in. 

2. Pay off debts:

It is not generally possible to earmark a major portion of our income for debt repayment. However, if you pursue an alternative career, you can use the income therefrom to repay debts faster. Debts carry interest costs and are a part of our typical monthly expenditure. Getting rid of debts can help us reduce our monthly payables and our borrowing cost. 

3. Save more and secure your future:

An additional income source can lead to more savings. You will have more disposable income that you can add to your kitty. Long-term investments made with this additional income will further secure your financial future. You can invest it in planning for early retirement as well. 

4. Fulfil holiday and purchase goals:

If your primary income sees you living from paycheck to paycheck, an additional income can help you fulfil your aspirations. Be it buying a home sooner or going on a dream vacation, having an additional income makes things easier. 

How to find an alternative career

When you look for an alternative career, consider these points:

1. Market and skill analysis:

Take a look at freelancing and job portals to identify what skills are most in demand. Then assess what you can offer as a skill set. 

2. Growth potential:

If you start enjoying your alternative career, you may consider making it your primary job. Keeping that in mind, you must always assess the long-term growth potential of your new career and additionally look for another source of income.

3. Time and investment:

If you are already engaged in a job, you will have limited time to pursue an alternative career. See how much spare time you have. If the new career needs an initial investment, you also need to check if you can afford to do so.

IDFC FIRST Bank’s MyFIRST Partner Program

If you are a young professional who wants to earn money online, there’s no need to search too hard for an alternative career. IDFC FIRST Bank’s MyFIRST Partner Program offers an earning opportunity with the prospect of unlimited growth.

Refer and earn apps are quite popular as a side income option. But, with the IDFC FIRST Bank’s MyFIRST Partner Program, you can refer and earn with a difference. Here are some of the key benefits and features of this program:

• You can refer people to IDFC FIRST Bank for personal loans and earn a payout of 1.5% on every disbursal.
• Anyone can download the IDFC FIRST Bank’s MyFIRST Partner App and register on it for free in under 5 minutes.
• There is minimal documentation involved in the registration process as well as in the personal loan application process.
• Once you refer someone for a personal loan, you can track the status of the loan application on the IDFC FIRST Bank’s MyFIRST Partner App.
• IDFC FIRST Bank’s MyFIRST Partners can earn Rs 50,000 or more every month, and get their accumulated payouts every week. 
• Partners also get a dedicated Relationship Manager and access to a central helpline. This makes experts from IDFC FIRST Bank available to them at all times.

Conclusion

To sum up, IDFC FIRST Bank’s MyFIRST Partner Program offers an excellent earning opportunity for people from all walks of life. Students, working professionals, retired people, and homemakers can all refer and earn while working with a reputable brand like IDFC FIRST Bank.

Download IDFC FIRST Bank’s MyFIRST Partner App and start to earn money by referring loans along with 2 lakh+ active users!

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.