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10 ways to create a second income source for your family

10 ways to create a second income source for your family

Hope I had purchased that plot in 2010, now the price has increased by 5 times but what to do, I did not have the money.

Hope I pursued MBA from any reputed IIM, I would have become more successful.

Hope I could do business like my Friend did, now he is ready to retire at 40 and he can manage without working for rest of his life.

Money untey we can do many things, Having money today is important. So additional amount of money is always a blessing and today I am going to tell you 5 different ways to create a secondary source of income for your family.

Why did I say family?

I said family because, the methods I am going to say can involve your Wife and even Children to make money just working from comfort of your home.

1.Youtubing

Yes Youtubing is undoubtedly one of the best ways to make money as investment you need is less than 5000 INR, you can even start youtubing if you just have a Smartphone.

Earning potential is great but it will take some time and also if may not be a good choice for some people, if you / your family. member are extrovert and not camera shy you can try it.

There are many Housewifes and children making Crores of Rupees youtubing. It is possible but one secret mantra here is " People who are more successful on youtube are the one who do not do it just for money, they do it because they love to youtube"

Some examples

  1. Your Daughter is good at dancing and you can start youtube channel with her dance videos.
  2. You are good at Maths, You can start a channel teaching maths.
  3. You have over come a problem in life and you can start a Youtube channel and share your experiences about how are you dealing with it.

Many people think only way to make money on Youtube is limited to Ads. Affiliate commissions and brand deals, but there are many more ways to leverage youtube for example an Youtuber with less no of subscribers / views can also benefit from it in a big way.

Like An Youtuber getting a movie chance. An Youtuber who teaches Maths gets a chance to teach for an Academy, A CA getting many clients from his channel which has very less subscribers.

You can watch this video to learn if you can become a Youtuber or not?

2.Becoming a Tutor

If you have experience of working as a Teacher or you love teaching but did not pursue the teaching profession, you can now teach students all over India and world from the comfort of your home and make decent money.

Some websites operate on 1on1 model, some in group model.

Here are some websites you can try

Preply : They claim that a Language Teacher can earn 550$ / week, let us take 100$ per week on the lower side so it is possible to make 32000 INR / month working 2 hrs/ day.

You can set your hourly rate, you can start with a lower price and gradually increase your pricing as you get good reviews and rating.

Subjects you can teach are languages - English, French etc.

Tutor Online : You can teach any subject over here, like maths, physics, geography,

Homeguruworld.com : These guys are also offering 1 on 1 tutoring services and they are targeting Indian students with CBSE, ICSE, STATE BOARD Cirriculums.

Superprof: This is very much of an Indian platform and you can literally teach anything, the wide variety of subjects Teachers teaching over here are Python, coding, english, maths, yoga, digital marketing and the list goes on. The platfrom is rich and evolved so you can expect opportunities if you have the skillset.

Cuemath: Cuemath is a proven model in India, has got great demand, if your subject is Maths you can enroll with cuemath as a Maths teacher and teach kids online / offline.

Cuemath will send kids connect kids in your nearby area and they can come to your home to learn maths or you can also teach online.


3.Virtual Assistant:

Working as a Virtual Assistant can a good choice if you are a Student or a women with a career gap, I mean if you have worked in organizations but right now only have 2-3 hr / day to work.

Tasks like: Provide administrative support services to businesses and entrepreneurs. This may include managing emails, scheduling appointments, data entry, and other tasks. Platforms like Time Etc and Upwork often have opportunities for virtual assistants.

How to find search on Google and you will see so many jobs for virtual assistants. companies like Wipro are also hiring.

You can also try announcing in your network ( family friends) about your virtual assistant service

Local Events: Meetup.com

Join facebook groups where your buyer personas are hanging out for example- if you help coaches you can join a group where there are coaches.

Upwork - https://www.upwork.com/
Online Jobs PH - https://www.onlinejobs.ph/
Virtual Coworker - https://virtualcoworker.com/
Task Bullet - https://www.taskbullet.com/
Virtual Staff Finder - https://www.virtualstafffinder.com/


4.Social Media Management

Offer social media management services to businesses and individuals looking to enhance their online presence. This includes creating content, scheduling posts, and engaging with the audience.

If you are good with social media and your posts on social media gets good engagement you can level up by learning Social media marketing and offer social media marketing services for businesses around you.

But you will need to learn a bit of graphic design, as Social media marketing involves using photographs, images, graphics and videos.


5.Voice over artist

As a voice over artist you can charge anywhere between 300 inr - 3000 inr/ minute and sky is the limit.

Upwork: Upwork is a great place to find Voiceover projects, here are some examples of what kind of work you might be doing,

  1. Voice over for youtube videos.
  2. Dubbing voice over artist.( language skill + voiceover)
  3. Voice over for elearning courses.
  4. Radio host.
  5. Voice over for ads.

Audiobee : You can earn by recording your voice, you can earn 5 $ - 50$ per task. Audio Bee offers competitive industry rates but they can vary from one project to another. For instance, a project may pay $8 per complete voice recording session of say 100 phrases for a language. On the other hand, another may pay $30 for 100 phrases depending on the urgency and quality of the audio. You can always choose whether to take a project or not.

Your Own podcast: It will help you practice your voice over and narration skills and you can also monetize your podcast if it becomes susccessful.

Your instagram profile: Post reels on your instagram profile and

6.Podcasting:

Start a podcast on a topic you are passionate about. You can monetize through sponsorships, affiliate marketing, or even creating premium content for subscribers. Podcasting platforms like Anchor or Podbean can help you get started

You can start a podcast on Google podcasts or Spotify, Spotify is acutally promoting podcasts a lot recently and it is helping the podcasters monetize their podcasts.


7.Crafts and Handmade Goods

Children with artistic skills can create handmade crafts or artwork to sell online or at local markets. This could include items like handmade greeting cards, jewelry, or paintings. Parental involvement is crucial for online transactions and safety.


8.Language Translation and Transcription

If you are proficient in multiple languages, offer translation services for documents or transcribe audio content. You can find opportunities on platforms like Upwork


9.Sell Food items - baked items / specialities

If you are someone who is good at cooking, you can sell food items like cakes, cookies, snack items and supply them to your nearest super markets or shops, now a days people are craving for the traditional foods as well, you can sell online or tie up with some distributors and negotiate a deal.


10.Saree Draping

If you are good with fashion and dressing and get compliments for your looks, you should check this trend called saree draping business, many women are not good at wearing sarees and they are looking for someone to help them in special ocassions and you can provide Saree draping services and make money, you can easily make 30000 inr/ month working 2 hrs a day, you can promote your business through your social media accounts and Google My Business.


Remember, the key to a successful side hustle is often a combination of passion, skills, and market demand. Always do thorough research before diving into a new venture, and stay adaptable to changing trends and opportunities.

You can also check the video for more detailed understanding, but this video is in telugu.

Signing off - Gowardhan Doddi

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