How to Earn 1 Lakh Per Month: Top 10 Methods To Explore in May 2024

Thanks to technological developments and the digitization of services, you can now work from home and earn up to ₹1 lakh online. Yes! You heard it right! Many people today use online alternatives to increase their income and build wealth over the long term as part of their financial planning. 

But keep in mind that this isn’t a get-rich-quick plan. If you want to make ₹1 lakh or more a month, you still have to work hard and put in time. This applies to investing strategies and alternatives, such as stock market trading. 

The top ways to make ₹1 lakh a month in India include video editing, social media management, online tuition, affiliate marketing, online selling, freelancing, and even playing real money games online. As you know, there is no “fast” way to complete this. 

You still have to put in much effort to make this happen. In this blog, we’ll talk about how to earn 1 lakh every month as a student or adult and other online income-boosting tactics you can use. Continue reading!

Also Read: 40 Best Money Earning Games of 2024 to Win Paytm Cash

Top 10 Ways to Earn 1 Lakh Per Month in India (2024)

Wondering how to earn 1 lakh per month? Making money online is more complex than we may assume. It takes a great deal of patience and time. However, after everything is sorted online, you can use these strategies to create long-term riches. So, we have handpicked the 10 best ways to earn over Rs 1 lakh per month in India from among the many ways to make money online:

1. Playing Money-Earning Games on MPL – Earn from ₹30 Cr Daily Winnings

With over 60 games available on a single platform, MPL is a real-money games app. With MPL, you can use your phone to play and win money up to ₹1.5 lakhs to ₹4.5 lakhs. You must invest money, time, and attention into the platform to earn more than a few bucks, even though the different games can help you unwind from work.

Keep in mind:

• You can play free games as well as real cash games on the app. You can also participate in head-to-head or cash tournaments to possibly win money.
• The amount you can earn in each game depends on the game lobby you’ve entered.
• You can participate in higher-stakes games and tournaments to win more prominent real cash prizes.

Popular Games on MPL:

1. Rummy: It is a strategy card game in which players compete to build sets and sequences of cards by mixing skill and luck. Play rummy on MPL & win from ₹9 Cr winnings.
2. Poker: According to the game rules, players wager on the best hand in this card game. Different poker variations, such as Texas Hold’em and Omaha, call for various tactics and abilities. Play poker on MPL and win from ₹8 Cr winnings pool.
3. Ludo: Players compete to move their four tokens across the board based on the results of a single dice roll. Because players can block and capture one another’s tokens, the game combines strategy and luck. Download MPL Ludo and win up to ₹30 Cr daily winnings.
4. Win Patti: Participants can build hand combinations and place bets on them. Although the rules and hand rankings differ, the game is similar to poker. With the option to raise, call, or fold bets, players must use skill and bluffs to win. Play Win Patti Skill and win real cash.
5. Call Break: Players bid on how many tricks they can win in a round of this trick-taking card game. The game requires strategy and math because players must play their cards according to suit and rank. Play Call Break for free and win ₹10,000 daily.
6. Snakes & Ladders: Players maneuver their tokens according to the numbers rolled on a die along a grid of squares. Players may encounter ladders that move them forward or snakes that send them back. Play free and cash games on MPL Snakes & Ladders.

Tips for Success on MPL:

• Before entering high-stakes events, use free games or low-entry contests to hone your abilities.
• Choose games that match your talents and interests to give you a competitive advantage.
• Become acquainted with the game’s rules and strategies. To improve your understanding, watch lessons or follow expert players.
• Monitor your gaming performance, find flaws, and attempt to improve them to improve your overall gameplay.
• Take advantage of the referral program by referring friends to MPL. Earn money and bonuses for each successful referral, increasing your earnings overall.

Pros:

• Entertainment: Online gaming on MPL provides unlimited entertainment for free. The MPL app offers more than 60 games and a welcome bonus of 30,000 rupees. 
• Huge Winnings: The app offers 30 Cr in Daily Winnings by playing different skill-based games on MPL.
• Secure withdrawal:  Once you win a game, you can withdraw your winnings instantly through UPI, Paytm, and Amazon Pay. 
• Diversity: There’s a wide range of game genres, such as fantasy, card, and casual games, to suit different preferences and interests.

Cons:

• You might lose out on the game if you do not have a steady internet connection.
• You can quit midway in the game, but once you are matched with an opponent, the entry fee is deducted, and you cannot refund it. 

2. Affiliate Marketing

Consider that a website is all you need to start making money online. You are not required to create your items or provide a service. Does that sound right? Welcome to the world of affiliate marketing.

According to Statista, business expenditure on affiliate marketing in the United States will reach $8.2 billion in 2022, with Influencer Marketing Hub estimating that the industry will rise to $15.7 billion by 2024.

Affiliate marketing is the practice of selling another firm’s product or service online. You earn a commission when someone purchases through your affiliate link. These commissions are typically calculated as a percentage of the sale price or as a flat fee. When you join an affiliate program, you are given a unique link with a tracking ID. This enables the business to track whether or not you recommend customers to them. You can easily earn up to ₹2 lakhs to ₹4.5 lakhs.

Pros:

• Cost-effective: Pay only for actual sales or leads generated.
• Broad reach: Access to a large network of affiliates expands brand visibility.
• Performance-based: Results-driven model ensures efficient allocation of marketing budget.
• Diverse partnerships: Collaborate with affiliates across various niches and industries.

Cons:

• Commission expenses: Cost per acquisition (CPA) can eat profit margins.
• Lack of control: Affiliates’ marketing tactics may not always align with brand image.
• Competitive landscape: High competition among affiliates can drive costs and limit market share.
• Fraud risk: Potential for fraudulent activities such as cookie stuffing or click fraud.

3. Stock Marketing

The goal of anyone who dabbles in the stock market is to become extremely wealthy. The stock market is one of the best ways to earn ₹1.2 lakhs to ₹5 lakhs because it offers higher returns than other options. There are no restrictions when it comes to investment. 

You can start with as little as Rs 1,000 and as much as Rs 1,000,000. Trading stocks has the potential to yield infinite financial gains. Intraday trading is the way to go if you want to earn profit daily. In the intraday share market, stocks are bought and sold on the same day. Buying stocks should not be viewed as an investment but rather as a way to profit from fluctuations in the stock price.

You can start by following these steps:

• Select a small number of stocks to concentrate on. 
• Track these stocks’ performance for at least 15 days before making decisions.
• Use oscillators, volume, and indicators to study the stocks in various ways during this time. Two of the most used indicators are the super trend and the moving average. You can make use of oscillators like the Relative Strength Index or Stochastics.
• Monitor your target stocks daily during market hours to quickly achieve a high level of precision. You’ll also become more adept at understanding pricing adjustments.
• You may now identify the entry and exit spots based on your proper research and the indicators you used.
• Additionally, you should choose a stop loss before investing.

Pros:

• Potential for high returns: Stock trading offers significant profits, especially with well-researched investments.
• Liquidity: Stocks can be easily bought and sold, providing flexibility for investors.
• Diversification: Trading allows for the diversification of investment portfolios, spreading risk across different assets.
• Accessibility: Anyone can participate in the stock market with online trading platforms.

Cons:

• High risk: Stock trading involves the risk of losing capital, especially in volatile markets.
• Emotional decision-making: Emotional reactions to market fluctuations can lead to impulsive trading and losses.
• Time-consuming: Successful trading requires continuous monitoring of markets and research, which can be time-intensive.
• Costs: Trading fees, commissions, and taxes can eat into profits.

Also Read: 30+ Best Money Earning Apps in 2024

4. Google Adsense

One of the most widely used Google monetization techniques is Google AdSense. Putting programmatic advertisements on their websites enables publishers to profit from their content. It’s a free and best platform that links advertising and website owners. 

• To begin, you must first register your account. 
• Then, add a single line of code to your website. 
• Subsequently, Google will show your readers the ads that are most relevant to your website by matching them automatically. 
• Matches adverts to your website based on the traffic and content of your site. 
• Advertisers who wish to market their goods make and pay for the advertisements. The amount you make will vary since these advertisers pay varying fees for different types of ads.

These advertisements are from the Google Ads platform that marketers use. Google Ads holds an auction, and the top bidder among Google Ads advertisers can choose which ad to show on your website. 

Every time someone clicks on your advertisement, you will get paid up to ₹1.8 lakhs to ₹4.2 lakhs. It benefits marketers because it is integrated with Google Ads, a pay-per-click advertising network. This makes it more cost-effective for advertisers because they only have to pay when a user clicks on their advertisement. 

Pros:

• Passive income: Google AdSense allows website owners to earn money through ads displayed on their site, requiring minimal effort once set up.
• Easy integration: Integration with AdSense is straightforward, with various ad formats available to match website design.
• Targeted advertising: Ads displayed are relevant to the website’s content and visitors, increasing the likelihood of clicks.
• Performance tracking: Detailed analytics provided by AdSense allow publishers to monitor ad performance and optimize strategies.

Cons:

• Revenue uncertainty: AdSense earnings can fluctuate based on factors such as traffic volume and ad click-through rates.
• Limited control: Publishers have limited control over the types of ads displayed, which may not always align with their brand or audience.
• Ad blocking: Some users utilize ad-blocking software, reducing the visibility and potential earnings of AdSense ads.
• AdSense policies: Adherence to AdSense policies is essential; violations can result in account suspension or termination.

5. Youtube Channel

To begin making money directly through YouTube, you need to have 1,000 subscribers and 4,000 watch hours in the last year or 1,000 subscribers and 10 million legitimate public Shorts views in the last 90 days. Once you’ve accomplished either of these, you can monetize your channel by applying to YouTube’s Partner Program and earning up to ₹1.5 lakhs to ₹5 lakhs.

Affiliate marketing is one area where a novice with few subscribers can earn money online. YouTubers frequently cover niches such as product openings, top [X] lists, and food reviews and post high-quality videos. Instead of paying for an ad click or video watch, you can get paid when viewers buy affiliate products from your video.

Each of the top YouTubers has millions upon millions of followers. MrBeast, Like Nastya, Dude Perfect, and JuegaGerman are among the accounts. With their channels, these YouTubers make up to $28.5 million annually. Even with their massive earnings, fewer accounts can make a livelihood on YouTube.

Pros:

• Reach and visibility: YouTube provides a platform to reach a vast global audience, increasing visibility for content creators.
• Monetization opportunities: Creators can earn revenue through ads, sponsorships, merchandise sales, and memberships.
• Creative expression: YouTube allows for creative freedom, enabling individuals to share their passions, talents, and expertise.
• Community engagement: Channels foster community interaction through comments, likes, shares, and live streams, building loyal audiences.
• Diverse content formats: Creators can experiment with various content formats, including tutorials, vlogs, reviews, and entertainment.

Cons:

• Competition: The platform is highly competitive, making it challenging to stand out among millions of channels.
• Time and effort: Consistent content creation, promotion, and audience engagement require significant time and effort.
• Monetization barriers: Earning substantial revenue may require reaching specific watch hours and subscribers thresholds.
• Copyright issues: Creators must navigate copyright laws and potential content infringement risks.
• Platform changes: Algorithm updates and policy changes can impact reach, monetization, and content visibility.

6. Data Entry

If you are searching for “how to earn 1 lakh per month offline” then data entry is a fit for you. It is manually entering data from offline databases or non-electronic forms into a computer and uploading it to an online database. The headings and the category in which the data belongs determine which columns this data is divided into. 

There are plenty of freelancer websites where you can get free online opportunities and earn ₹1 lakh to ₹2.5 lakhs. Jobs for data entry can be found on websites like Upwork and Freelancer. To learn more about the newest trends and opportunities in this field, you can contact experts by joining the appropriate groups on Facebook and LinkedIn. 

Additionally, you can register on employment boards such as Monster, where opportunities for this field are frequently posted.

Pros:

• Flexibility: Data entry can often be done remotely, allowing for flexible work schedules.
• Entry-level opportunity: Many data entry positions do not require advanced skills or education, making them accessible to many individuals.
• Skill development: Data entry tasks can help improve typing speed, accuracy, and proficiency with data management software.
• Stability: Data entry roles are often in demand across various industries, providing stable employment opportunities.

Cons:

• Repetitive tasks: Data entry work can be monotonous and tedious, leading to boredom and decreased motivation.
• Low pay: Entry-level data entry positions may offer lower wages than other roles requiring specialized skills.
• Error-prone: Accuracy is crucial in data entry, and mistakes can lead to costly errors in business operations.
• Limited growth: Career advancement opportunities may be limited in data entry roles, with few opportunities for promotion or skill development.

7. Online Tutoring

In addition to the question of pay for private teachers in Indian schools, most educators enjoy engaging with their students and getting to know different aspects of their personalities. Whether in elementary school, high school, or college, many students look up to their instructors as role models—teachers who work as home tutors can engage with their pupils outside the classroom.

You can earn money online up to ₹2.2 lakhs to ₹4.8 lakhs as a private tutor thanks to your expertise in a specific academic area, your background as a teacher or academic, and your communication abilities. Several factors, like the kind of school you work for, the subject you teach, your credentials and expertise, and the number of students you educate, might affect how much money you can make from online teaching jobs in India.

Pros:

• Flexibility: Online tutoring offers flexible scheduling for tutors and students, accommodating various time zones and preferences.
• Accessibility: Tutors can reach students globally, breaking down geographical barriers and expanding their potential client base.
• Convenience: Students can access tutoring sessions from the comfort of their own homes, eliminating the need for travel.
• Interactive tools: Online platforms often offer interactive tools such as virtual whiteboards and screen sharing, enhancing the learning experience.
• Cost-effectiveness: Online tutoring may be more affordable than in-person sessions, as it eliminates travel expenses for both tutors and students.

Cons:

• Technical issues: Connectivity problems or software glitches can disrupt tutoring sessions and hinder learning.
• Distractions: Students may face distractions at home that impact their ability to focus during online sessions.
• Limited personal interaction: Online tutoring may lack the personal connection and rapport that can develop in face-to-face interactions.
• Technology proficiency: Tutors and students must be comfortable using technology and navigating online platforms.
• Screen fatigue: Prolonged screen time during online tutoring sessions can lead to fatigue and reduced engagement.

Also Read: Top 16 Daily 100 Rupees Earning App Without Investment in 2024

8. Content Writing

One method to produce and distribute valuable content to an internet audience is through content authoring. Content writers can earn money up to ₹1.5 lakhs to ₹3.5 lakhs by writing articles, blogs, ebooks, newsletters, social media platform postings, and more for different clients or platforms. To begin making money from writing, follow these steps:

• Focusing on a subject or sector you know and are enthusiastic about will make locating and drawing in consumers more straightforward. For example, you could write about travel, health, money, education, etc.
• Create a portfolio to demonstrate your writing abilities and style to prospective employers. You can create a blog site or use services like Medium, LinkedIn, or WordPress to post your samples. You can also contribute as a guest writer to blogs or other websites in your area.
• You can submit bids for writing jobs on freelance websites such as Worknhire, Upwork, Freelancer, and Fiverr. You can also make direct pitches to companies needing content writers, magazines, or websites.
• Depending on your expertise, abilities, and the intricacy of the work, you can bill by the word, the hour, the project, or the article. You can find the going fees for content writers in your area and speciality, then adjust your quotes for your clients.
• You must create content that satisfies clients’ needs and expectations while being unique, captivating, and error-free. In addition, you must adhere to feedback, communicate clearly, and meet deadlines. As a result, you’ll gain credibility and obtain referrals and repeat business.

Pros:

• Flexibility: Content writing often offers flexible working hours and the ability to work from anywhere with an internet connection.
• Creativity: It allows you to express your creativity and writing skills, exploring various topics and styles.
• Continuous Learning: You get to research and write about diverse subjects, which can expand your knowledge base.
• Freelance Opportunities: Many content writing roles are freelance or contract-based, providing independence and potential for higher earnings.
• Remote Work: With the rise of remote work, content writing can offer opportunities for individuals seeking location-independent careers.

Cons:

• Income Variability: Freelance content writing income can be inconsistent, depending on client demand and project availability.
• Content Mills: Some platforms pay very low rates for content, leading to the potential exploitation of writers.
• Tight Deadlines: Content writing often involves tight deadlines, which can be stressful when juggling multiple projects.
• Research Intensity: Producing high-quality content requires thorough research, which can be time-consuming.
• Competitive Market: The field is highly competitive, requiring continuous improvement of skills and marketing efforts to stand out.

9. Freelancing:

How can I earn money online from home? What about online passive income generation? Freelancing is highly sought after and widely known. It is one of the best methods to earn money online in India and eventually turn it into a career. Earnings vary depending on the profession and individual, but on average, a person can earn up to ₹1.2 lakhs to ₹4.5 lakhs. The freelancing business offers a wide range of choices.

A virtual assistant, video editor, graphic designer, artist, translator, and content writer are just a few of the careers you can pursue. Visit Freelancer.com, Fiverr.com, and Upwork.com to begin freelancing in any of the industries above. Freelancing is a godsend since it requires very little investment and offers excellent returns.

Pros:

• Creativity: Content writing allows for creative expression and storytelling, fostering originality and innovation.
• Flexibility: Writers can work remotely and often choose their own hours, providing flexibility in work-life balance.
• Skill development: Writing regularly improves language proficiency, research abilities, and critical thinking skills.
• Diverse opportunities: Content writing spans various industries and formats, including articles, blogs, social media, and marketing materials.
• Impact: Well-crafted content can engage and inform audiences, driving traffic, leads, and conversions for businesses.

Cons:

• Competition: The field is highly competitive, requiring writers to improve their skills and stand out among competitors continuously.
• Income variability: Freelance content writers may face income fluctuations due to project availability and payment terms.
• Deadlines and pressure: Meeting deadlines and client expectations can be stressful, especially when balancing multiple projects.
• Subjectivity: Feedback on writing can be subjective, making it challenging to meet all clients’ preferences and expectations.
• Burnout: High demands for consistent output and creativity can lead to writer’s block and burnout without proper self-care and boundaries.

10. Dropshipping

It’s the ideal platform for beginning a business online to earn money up to ₹1.5 lakhs to ₹3.8 lakhs. Shopify gives you all the resources you need to launch a company from the ground up. It is simple to use, and the delivery aspect is also worry-free. Suppose you want to go through a thorough procedure with a straightforward approach. In that case, hundreds of online tutorials teach you how to establish your own dropshipping business online using Shopify.

You must follow a few basic procedures to launch your dropshipping.

• Pick a niche for your online business.
• Join Shopify to receive a complimentary 14-day trial.
• Visit unsplash.com to obtain beautiful, non-copyright photographs you can use on your website by compressing them with tinypng.com.

Pros:

• Low startup costs: Dropshipping requires minimal investment as there’s no need to purchase inventory upfront.
• Easy to start: Setting up a dropshipping business is relatively simple, especially with e-commerce platforms like Shopify.
• Wide product selection: Dropshippers can offer a diverse range of products without the hassle of managing inventory.
• Location independence: Dropshipping can be operated from anywhere with an internet connection, providing flexibility.
• Scalability: With dropshipping, it’s easy to scale up operations as there’s no need to manage inventory or warehouse space.

Cons:

• Lower profit margins: Due to increased competition and reliance on suppliers, profit margins in dropshipping can be lower.
• Inventory issues: Dependence on third-party suppliers can lead to issues like stockouts, backorders, or shipping delays.
• Brand control: Dropshippers have limited control over product quality, packaging, and shipping, impacting brand reputation.
• Customer service challenges: Dealing with customer inquiries, returns, and complaints can be challenging when relying on suppliers for fulfillment.
• Competitive market: Dropshipping is a popular business model, leading to saturated markets and intense competition.

Frequently Asked Questions

What are the benefits of earning 1 lakh per month online?

Earning one lakh online can provide financial freedom, flexibility, and satisfaction. You can work from anywhere and pursue your passion or interest. You can also save money, invest in your future, and enjoy a better quality of life.

What are the skills and requirements for earning 1 lakh per month online?

The skills and requirements to earn 1 lakh per month online vary depending on your chosen method. For instance, you must have designing skills to freelance as a designer, or you should have the necessary poker skills to win a poker game on MPL to earn money in real cash.

How can I choose the best method to earn 1 lakh per month online?

To choose the best way to earn one lakh online, consider your skills, interests, goals, budget, and market demand.

How long does it take to earn 1 lakh per month online?

Earning one lakh online depends on various factors, such as your chosen method, niche, mass audience, competitors, content, products, services, marketing, monetization, and optimization. There is no fixed or guaranteed timeline for earning one lakh online.

Conclusion

Earning one lakh is not a dream but a realistic goal you can achieve with the right skills, strategies, and opportunities. In this article, we have discussed ten methods to explore. Each method has advantages and challenges but requires hard work, dedication, and continuous learning.

Whether you want to quit your 9-to-5 job, supplement your substantial income, or pursue your passion, there is more than one way to earn one lakh or more. The only question is: are you ready to take action?