70 ideas for making money online with a budget under Rs 5,000
I can give you hundreds of ideas right away if you want to start a side business to generate a passive online income. However, you have to work hard to implement the money-generating business.
Idea #61 Review of education products for parents
You can also start a blog to help parents pick up the right education products for their children. You will solve the distribution problem for software companies who want to sell their products to parents.
Idea #62 Review of extracurricular classes and activities
Do you know how much money parents spend on extracurricular activities? The market is expanding very fast. Tap the opportunity, provide genuine reviews on classes, and help parents select the right classes for their children.
Idea #63 Blog for relationships between teens and parents
There is plenty of stuff for the age group 0-9 but not much for teens. A child has different phases of life and demands different levels of attention at each phase. I think parents need to be educated when it is their time to deal with teenage kids.
We started some experiments with the online job section in India. The segment has a huge search volume.
The keyword “online jobs in India” has over 11,000 searches every month. Similarly, the keyword “government job” has a search volume of over 15,000.
If you go one by one, you will find keywords worth a search volume of more than 10 million.
Last year, as an experiment, we started one simple blog to share information about government jobs. In about six months, we started getting a traffic of more than 15,000 on the blog.
We recovered our invested money in a few months and decided not to invest more time into the online jobs section because I am more interested in writing about things where I can conduct research (finance and business). You should also pick something related to your passion. The blog is still making a few dollars every month without our involvement.
Since the demand is there, you can execute many ideas in this field.
Idea #64 Solution papers for major government job exams
Students are already buying books (collections of sample papers) from offline and online stores. You can take market share as the demand is very high.
Idea #65 Create a niche job portal, like jobs for content writers
So many people ask me for a content writing job but I always redirect them to freelance portals. There are very few dedicated portals for writers where they can get work quickly. A dedicated portal can solve a lot of problems for writers and publishers alike.
Idea #66 Help people improve their résumés
Résumé services will remain in demand as long as companies require good candidates and job seekers do not know how to write résumés. It’s a high-demand business if you know how to improve the résumé of a candidate.
Idea #67 Personality development and HR interview training
Our education system is focused on technical education. No one tells us how to present ourselves in the interview. There is a big market to capture if you can solve the problem.
Idea #68 News and updates about government jobs
No one wants to miss any job update if preparing for a government job. Don’t be shy to start just because so many other people are doing the same. You can always find a better way to do the same thing.
Idea #69 Tips and tricks to crack a government job exam
People don’t want to work hard on the exam preparation. You can help them by providing tips and tricks to clear the exams.
Idea #70 How to study like your class topper [ideas on productive study]
I wish someone had told me how to become better at memorising formulas when I was in school. It would be a great help for students if they could find techniques to learn more in less time. A mind map is one such technique that I use even today.