How to Generate Income With Minimal / No Investment?

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How to generate income is one of the topmost worries that troubles people around the globe and makes them lose their peace of mind. Well, people cannot be blamed, can they? With the recent recessions and subsequent deterioration of the world economy, it is but natural that people want to know how to generate income.

Having a 9-5 job is no longer a stable source of income and this has been proved over and over again in the past 3-5 years, post-recession and mass loss of jobs. People are realizing that they need to shift their focus from short term methods to make money to generating a source of income that is durable and reliable.

Any Method to Generate Income Must Have These Preferred Features

"how to generate income"

Before we discuss about how to generate income from methods that are a viable alternative to having a 9-5 job, we need to short list certain features that these methods ought to have. So, let us collect the topmost preferred features here:

  • Methods to generate income should be legit
  • Should be easy to set up, manage and develop
  • Should need minimum financial investment and skills to set up
  • Must be doable with minimum investment of time and efforts
  • Must preferably work all around the globe
  • Without restrictions of office space
  • Flexible working hours at any time of the day
  • Should have potential for development and expansion of income and business
  • Must be small enough to handle alone
  • Must be big enough to earn a couple of thousands of dollars each month
  • Should not need too much of equipment or tools to get going

Okay I think this is it; the list of preferred features looks good to go. Now that we have a list of preferred features that our chosen method to generate income must have, the actual selection of a method that conforms to these features becomes much easier.

Does Blogging Fulfill the Above Criteria to Generate Income?  

Okay, let us begin with blogging and see if it fulfills all the criteria mentioned in the above section. Once we confirm this, we can go on to rack our brains in finding how to generate income with a blog. I have checked all the bullet points above and verify that blogging is indeed an awesome way to generate income because it fulfills all the above criteria. You can check the points yourself and get your own confirmation too.

So, the next obvious question is how to start a blog and how to generate an income with a blog, once you have set it up. I have already written detailed posts on both topics, and you may read them to get full step-by-step directions.

Can You Use Freelance Writing to Generate Income?

Yes, you certainly can generate an income with freelance writing. You have already confirmed by checking the bullet points above that freelance writing business also fulfills all the given criteria and so is an excellent way to generate income.

In case you need tips on how to launch your freelance writing career or about different ways  to make money writing, please read my previous posts by clicking on the links.

What Other Methods Can Help to Generate an Alternative Source of Income?

Well, there are so many other businesses that fulfill the above criteria and so are automatically fit to be used as methods to generate an income. Some of the methods that catch my attention are affiliate marketing, network marketing, setting up an ecommerce shop, making videos and monetizing them, starting a podcast service, internet radio and so many more.

Synopsis

The global presence and reach of the internet has in reality, made it quite unnecessary to worry about how to generate income, even if you do not have a regular job.

You only need to search for the best methods to generate income and then select the top 10 / 15 from the list. But before you go further and start working on the methods mentioned in the list, do make a quick check if they possess all the features mentioned in the 2nd section of this blog post.

Author: Dr. Kavita

Dr.Kavita is a Professional Blogger, Digital Content Specialist, Digipreneur, Coach, Doctor and a Certified Digital Marketer. Her favorite digital marketing strategy to maximize ROI for her clients is Inbound Marketing. She is the Founder of Blogela.

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