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Four Passive Offline Jobs To Earn Money In India

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What Is Passive Income?

What if money works for you? Or what if I say all you have to do is sit and relax and feel the dollars coming into your account?

Interesting right! Yes, it is possible to earn money while you are sleeping. And this is what most of the rich do. They put in money and then watch money doing the job for them. The books term it as The Passive Income Method.

Passive income can be defined as the revenue that you earn when are not actively exchanging your time for money. Instead, you work on something to give it a start, and then, you can just go on for a vacation. You will still be able to see the flow of money into your account for the work that you have done.

Don't work for money instead let money work for you.

Does Your Investments Turn You Rich?

So, for now, you would think that you just have to give something a start or just invest in something and then wait for it to double. But the investment should be in the correct place. We all invest in things like cars, bikes, and even houses. Do these help us get rich? Or do we earn money from these?

Clearly, they only help us get liabilities. After getting one of these, you start working day and night to pay off your loans. Yes, it does help us improve our lifestyle. But it also helps us to increase our burden.

So in this article, I will be helping you to pay off your vehicle loan or property loan from the passive income that you generate through your vehicle or property itself.

Earn money from your investments like you car or house through the following methods:

1. Rent Your Vehicle

2. Set Up A Commercial Building

3. Home-stay

4. Rent Your House

1. Rent Your Vehicle

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Do you own a registered vehicle? Then this business is for you. You might not be using your car or bike every day. So just rent it out. Give it to someone who is interested in hiring, and at the end of the day, you get some cash. You can rent your bike, car, or even cycle. Moreover, you can also lease your cars to companies that have got a car renting business.

To start a rental business in India, you have to get a yellow board to your vehicles. You can use your social media sites or friends circle to market your business. And the best place to do this business is in tourist cities or metropolitan cities.

Income:

  1. For two-wheeler, you can charge between Rs.200 to Rs.300 per day.
  2. For four-wheeler, you can charge between Rs.500 to Rs.1000 per day.
  3. For bicycles, you can charge between Rs.50 to Rs.100 per day.

Pros:

  1. The initial investment will be zero, as you already have a vehicle.
  2. The market or demand will always be high.

Cons:

  1. Regular maintenance and service of the vehicles are needed.
  2. Competition from well-established firms will be there if you wish to start on your own.

2. Set Up A Commercial Building

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If you are owning some land property near to a populated area, then this is for you. All you need to do is construct a commercial building. The building can have 1-2 floors with 3-4 shops per floor. The shops must have a minimum size of 100 sq.feet. and an electric connection. And yes, your commercial building is all set to rent. You can either rent it for shopping purposes or official purposes.

To rent a commercial store in India, you have to get a rent agreement or lease deed according to the rent control law, which is to be signed by the owner of the property and the tenant.

Income:

You can charge between Rs.4,000 to Rs.30,000 per month from one shop depending on your locality and shop size.

Pros:

  1. The income potential is very high.
  2. The maintenance work will be less.

Cons:

  1. The initial investment to set up a commercial building will be high.


3. Home-Stay

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Is your home located in a tourist city? Or do you have a house of good quality with at least 2 rooms to spare for tourist accommodation? Then you can start your home-stay business right now. All you need to do is paint a room having an attached bathroom and arrange the bed and furniture. You can give your room some aesthetic touch with some showpieces.

In India, to start a home-stay business, you have to get a home-stay license from the State Tourism Department Head office or from other concerned district offices. And it is that at least one of the family members should be able to communicate in English to get the license.

You can register in any one of the online advertising sites or even advertise it through your social media. You can also offer food if interested. This can add to your income.

Income:

You can charge between Rs.500 to Rs 2,000 per day.

Pros:

  1. All you need is a clean room to start your home-stay business.
  2. You can mingle with new people every day and learn about different cultures.
  3. Most of the people would prefer home-stay compared to hotels.

Cons:

  1. The market can fluctuate according to season.
  2. Your privacy may be reduced.

4. Rent Your House

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Do you have an extra floor in your house with a bedroom, a kitchen, and a bathroom? Then you can rent it out and earn some revenue. If you are renting the upstairs of your house then just keep in mind that the floor should be approachable through outside stairs. This ensures less disturbance to you and your tenant.

House renting has got a high market, as people will be staying away from their home town because of their job. Most people would prefer 2BHK houses.

In India, if you are renting a house, then you should get a rent agreement which is to be signed by the owner and the tenant. Usually, we register a rent agreement that lasts up to 11 months. An advance amount is also collected from the tenant, which is to be repaid at the time of cancellation of the contract.


Income:

You can charge anywhere between Rs.8,000 to Rs. 30,000 per month depending on the size and locality of your house.

Pros:

  1. No initial investment required as you are renting out a floor of your house.
  2. The market for house renting is always high.

Cons:

  1. You have to do all the maintenance work that arise with time.
  2. Dealing with tenants might be a difficult task for some people.


Thanking Note

Thank you for reading the full article. I hope you have got some business ideas that can help you earn money from your investments. I would be happy to help you in a way that I can. So feel free to post comments.

© 2019 Eesha N