Showing posts with label Make Money. Show all posts
Showing posts with label Make Money. Show all posts

14/12/2016

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How can I earn Rs 1 crore in one year?

How can I earn Rs 1 crore in one year?


Even below does not guarantee to make you 1 crore in a year, however you could make a lot of money in a year if you follow these steps.

Note: I am fully aware that this answer is easy to write but a lot difficult to implement in reality.

As web-designing is the only skill that you posses currently, they best way to monetize is to provide web designing services. If you live in a tier-1 or a tier-2 city then there is a good market for it. Apart from web designing you will need to incorporate the skill of selling your services.


To make it easy, I have divided the entire task into 4 sub-tasks.


The beginning(Self- Employment stage)
Month 1 - 3

 Start approaching small business owners in your city who do not currently own websites. Now a days people pay up to 25K INR for a website. But as you are new, offer them a website for 15k INR.

Now making a sale here is not as easy as it sounds, usually the conversion rate is 10%. i.e if you approach 100 people 10 people will buy from you.

Our goal is to make 24 sales in the first 90 days.
To make 24 sales you will have to approach 240 people.
So each day you will have to approach at least 3 people, which is entirely doable.

Now as you are familiar with making websites you could easily design 24 websites in 3 months, which comes out to be 2 websites per week.

You sold each site for 15k out of which 3k is spent for domain name and hosting services, consider other 2k as your personal expenses.  So you made 10,000(Per website) X 24 (Sales) = 2,40,000.

Statistics for Months 1-3:

Total people approached:240
Sales:24
Profit per website:10k.
 Net Profit: 2,40,000.

Where you could go wrong :
1.You might not even start,considering this is impossible.
2.You might give up too soon after facing some rejection from people.

Month 4 - 6(Small business stage)

Now as you are well established with good number of clients you could raise your prices to 25k/website. As you have some capital in hand now its time to scale up and hire some people to help you. Also provide more quality in your websites.


Hire 2 salespeople and 2 developers(interns)

salesperson salary: 15k+5k fuel/month.
developers salary(Intern): 15k/month.


As these are full-time salespeople they can reach more clients in a day as compared to you.

Let us assume that each salesman approaches 5 clients a day.
For 90 days 1 salesman approaches 90 X 5 =450 people.
For 90 days 2 salesmen approaches 450 X 2 =900 people.

Now assuming conversion rate of 10% as considered previously, 10% of 900, i.e 90 people will buy your services.

As now there are 3 people designing websites, split up the work, i.e 90/3=30 websites per person in 90 days. i.e completing a website in 3 days which is entirely possible. 

After selling a website for 25k lets say you make a profit of 20k on each site.  So you made 20,000(Per website) X 90 (Sales) = 18,000,00.

But you have salaries to be paid in this period.

sales people salary:
no of salesman X salary per month X number of months

2 X 20,000 X 3 =1,20,000.

no of Developers X salary per month X number of months

2 X 15,000 X 3 =90,000.

Net profit = 18,00,000 - 2,10,000- (other expenses(10k)) = 15,80,000.


Statistics for Months 4-6:

Total people approached:900
Sales:90
Profit per website : 20k.
 Net Profit: 15,80,000.

Where you could go wrong :
1. Hiring people(developers/salespeople) is a big challenge.
2.Hiring good salespeople and developers is another challenge.

Month 7 - 9(Scaling up)

Now as you are well established with good number of clients you could raise your prices to 35k/website. The aim now is to target clients with high annual revenue who are ready to pay decent amount to get a website. Also hire more experienced salespeople to make the sales.


Hire 4 salespeople and 5 developers(interns)

salesperson salary: 25k+5k fuel/month.
developers salary(Intern): 20k/month.


As these are full-time salespeople they can reach more clients in a day as compared to you.

Let us assume that each salesman approaches 5 clients a day.
For 90 days 1 salesman approaches 90 X 5 =450 people.
For 90 days 4 salesmen approaches 450 X 4 =1800 people.

Now assuming conversion rate of 10% as considered previously, 10% of 1800, i.e 180 people will buy your services.

As now there are total 6 people designing websites(including you), split up the work, i.e 180/6=30 websites per person in 90 days. i.e completing a website in 3 days which is entirely possible. 

After selling a website for 35k lets say you make a profit of 30k on each site.  So you made 30,000(Per website) X 180 (Sales) = 54,00,000

But you have salaries to be paid in this period.

sales people salary:
no of salesman X salary per month X number of months

4X 30,000 X 3 =3,60,000

no of Developers X salary per month X number of months

5 X 20,000 X 3 =3,00,000

Net profit = 54,00,000 - 6,60,000- (other expenses(1,00,000)) = 46,40,0000.


Statistics for Months 7-9:

Total people approached:1800
Sales:180
Profit per website : 30k.
 Net Profit: 46,40,000.

Where you could go wrong :
1. Scaling up is a big challenge, you will need to manage a lot of people
2.Some people may not perform up-to their level.


Months 10-12:

Repeat steps performed in months 7-9.
Net profit for months 10-12: 46,40,000


Total net income for the entire year:
Month 1-3: 2,40,000.
Month 4-6: 15,80,000.
Month 7-9: 46,40,000.
Month 10-12: 46,40,000.

 Total income:1,11,00,000.

Other expenditure:
Lets assume you need an office space with furniture which costs 30k per month so annual cost=3,60,000.

Computers for 5 Developers cost 5 X 20,000=1,00,000.

lets consider other expenses as 40k a month=40,000 X 12= 4,80,000.

Net Income:
So net income for year- 1,11,00,000 - (1,00,000+3,60,000,4,80,000)=1,01,60,000

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How should I invest Rs 1 crore in New Delhi to earn at least Rs.40-50K per month passively?

How should I invest Rs 1 crore in New Delhi to earn at least Rs.40-50K per month passively?

I have a different idea to surely double your money with lowest risk and monthly earning as well.

1. Put 80 Lakhs in two FDs which give 8-9% PA so you will earn atleast 640000/year about 53000 pm.
2. Now You have 20 Lakh Left
3. Now take two home loan against each FD. Assuming you will get 80% of FD value it will be 64 Lakh total
4. Now you have 84 lakhs in hand.
5. Buy 2 properties of around 42 lakh each which give you return of 20000/month each total 40000/month.
6. Now you have to pay 62000 emi for 20 years @10% home loan on 2 homes with earning of 40000/month
7. Your total earnings 53000 + 40000 = Rs. 93000
8. Your total expenses 62000
9. Your net earnings per month - 93000 - 62000 = 31000/pm Tax Free* Plus atleast 2 crore after 20 years (It can be 4 crore or more also if property value increases with time).

*Special Points
1. I recommend to have FD in the name of two persons one you and other some one else your wife or someone else legally fit to save tax.
2. Properties also in the name of 2 persons to gain tax benefit of 2.5 lakh for each total 5 Lakh/year, 

Tweaking Points
1. I have said to invest 80 lakh in FD and keep 20 lakh for property purchase but you can do FD of whole 1 crore and negotiate easily with bank to give 90% loan against it which is 90 Lakh. And your return on FD will be 80000 then instead of 53000.
2. Some people had doubted 8% return by bank. I checked and found following banks are giving 8% or higher return - RBL Bank, Bandhan Bank, Lakshmi Villas Bank, Gruh Finance and J & K Bank. 
3. In general it seems difficult to get 20000 rent on 42 lakh property. But if you really look for it there are several. The area I know where its possible is in South Delhi the residential area near by Govindpuri Metro station. You can also opt for commercial properties with high rental.

Update 1

In response to Mr. Vivek Verma's comment -"This answer makes no sense. 
Why not buy 2 properties for 84 lakhs with downpayment? You get 10.5k per month as interest from the remaining 16 and 40k/month from your home. That's earnings of 50k instead of 31k."

My Answer:

Yes you can do that but you will lose lot money in long run. Because if you take a home loan it will be over in 20 years and then your monthly earnings will increase to 93000/month (Interest on Fixed Deposit Plus Rental Income) and if you don't take home loan then you will have only rental income.

Update 2

In response to Mr. Angad Katdare's comment -
"With all due respect sir, You have assumed so many things, but there are many flaws in your answer.
  1. Interest rates are decreasing, 8% fd rate cannot sustain for long. What if it reduces to 5.5 or 6% like 2004.
  2. There is a slowdown in the real estate market and tier 1 cities (New Delhi is among top 3) are worst affected by the slowdown. 1 or 2 million flats are unsold with less or no buyers available.
  3. Property rates are falling hard. I know some builders and flat owners who are offering 20-30% discount and still not getting buyers.
  4. You are assuming Tenants for all 12 months. It's not so simple to get one, let alone to find a long term one. Commercial properties are risky too but compartively less risky than homes.
  5. Fixed deposit is a value destructor.
  6. In case of properties, there are maintenance charges to be considered. It's a hassle and if the person asking the question is a retired man, it's not feasible for him.
My main point is it's NOT the safest investment.

My Answer:

Dear Angad, 

Thanks for pointing out that my answer had many assumptions but they are on practical approch not on hypothetical or optimistic. For example ROI on FD 8-9%, Loan Value on FD of 80% and Rental income on 20000/month on each. I have supported my assumption with practical by refering to bank who providing the that much interest on FD and the location where that much rental income possible.

About flaws in my answer. Although I am not able to find out any flaw in my answer yet. But as I am a simple human I don't find my self a perfect. So I may be agree on that. And I thanks to you and all for your comments and other answers as well so that we can have a perfect answer with discussions on quora. 

Here is point to point further answer on your comments.
  1. I agree Interest rates are decreasing and 8% FD rate cannot sustain for long but simultaneously home loan rates are also decreasing so this will not affect the overall situation in long run.
  2. Yes, there is slowdown in the real estate and its going down so its the right time to make a purchase. I am talking about the real properties where real rental income exist. The 99% of unsold 2 million flats are the result of over stock due to real estate boom in last decade. They are too overpriced and still not livable like in noida extension so its just like getting fooled to buy those properties at current situation and price.
  3. Answered in above point 2.
  4. I agree on that but if you act as active landlord with tricky tax rules information you will be able to easily adjust it in the tax payable.
  5. FD is value destructor but its safest investment option and my answer is totally meant for safe play.
  6. Maintenance Charges yes it has but if you look deeply into other options there is some charges so its just a matter of say ear will be pulled may be left or may right one. And if question asked by a retired man then my answer is not meant for them as just putting the funds in FD will give them enough with full relax.
My suggestion is to invest in FD and Properties and both are considered safest options for investment. Although it may not be a safest option for a share broker as their heart always beat for the stocks:)

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How do I earn Rs. 1-2 lakhs per month?

How do I earn Rs. 1-2 lakhs per month?

Welcome to Dream11, the world’s largest Fantasy Football and cricket game of skill! Fantasy Football and cricket is all about using your football and cricket knowledge and skill to create your Dream11 team within a budget of 100 credits in virtual money.
You can check in below screenshot that DREAM 11 is legal and registered on Ministry of Corporate Affairs .You can check on http://www.mca.gov.in/mcafoporta...
Your Dream11 team earns points based on how your chosen footballers perform in real-life matches. So remember, this is a strategy game based on selecting footballers and cricketers before a match begins.
Fantasy Football and cricket on Dream11 is a game of skill, so brush up on your football knowledge and you’ll have a much better chance of winning!
you can also win this cash in DOLLAR instead of RUPEES just you have to select the country USA instead of INDIA while signup
I have won 10,06,594 up to now by just using some cricket,football and ***kabaddi*** (kabaddi - Google Search ***knowledge and also with some prematch statics .
you can also win that too with zero investment just you have to refer as many friend as you can and you will get RS 250 bonus for each referral .
STEPS TO EARN FREE REAL CASH FROM FANTASY CRICKET :
1. Go to Dream11 Fantasy Cricket Page
(make sure to go from below link so you would get RS 250 bonus
- Click below link (Get bonus rs. 250)
*****Fantasy Cricket Leagues - Daily Fantasy Games in India | Dream11 (Fantasy Cricket Leagues - Daily Fantasy Games in India | Dream11) )
*****
2. Verify Your Details
Mobile Number and get Rs. 25
Email Verify and get Rs. 25
Verify your Pan Card and get Rs. 200
Add your Bank Details for Withdrawl (min Rs. 200).
3. After that, sign up your account using your google account / facebook account or by entering your details like email, password, etc
4. Now you have to verify your mobile number enter your mobile number and click on Verify.
5. Then Verify Mobile number by giving a missed call
6. After Mobile number verification, you will get Rs.25
7. Then verify your email
8. Now you have a total of Rs.50 on account-
9. Then upload your PAN card and get extra Rs.200
(as per government rule if you win more than 10000 than you have to give 30% of your winning as a tax so for that purpose you need to upload pancard )
10. You have Rs. 250 and Click any one match and click on Create a team.
11. Now you get 100 credits (not rupee) to make your team.
12. Select 11 players from list and create a team.
13. After creating team, choose captain and vice captain for your team.
(you must choose captain and wise captain wisely as captain gets double point and wise captain gets *1.5 times)
14. To redeem your earnings, you should have to upload PAN card details
15. After pan card verification, Enter bank account details and redeem your earnings.
Some Tips:
1.Try to make team by analyzing players previous match performance.
2.Play only those matches in which your sure that your player will earn max points.
3.Try to play less amount league at the beginning.
4.Never play every match.
5.Try to refer as many time as you can so to earn maximum bonus.
6.Make 4 dream team for single match but with different players combination.
7.make sure all your dream players are playing 11 in original match.
Happy earning :)
********************************FAQ********************************************
When does the Fantasy Cricket Game start?
The Fantasy Cricket game starts as soon as the deadline for the round ends. The deadline (denoted by the countdown ticker) is usually 1 hour before the start of the first match in the round.
How do I select my Fantasy Cricket Team?
After logging into your Fantasy Sports Game of Skill | Play Online Sports Leagues | Dream11.com account, click on the ‘Create Team’ button for the particular Round you want to join. Select your Fantasy Team of 11 players (including a Captain and V-Captain) within the virtual budget of 100 Cr from all the players in the particular match. For more guidance, please click on the ‘Creating Your Team’ link in our 'Help' section more details. We’re sure you’ll select a kick-ass team and hope you win a lot of cash!
Can the pricing for Dream11 fantasy sports players be modified ?
Yes, we review our fantasy sports player pricing from time to time and make changes to make the skill game more exciting for you. Rest assured - to be absolutely fair to all our gamers, we’ll not make these changes while a round’s leagues are open and getting filled.
Can I change my Fantasy Cricket team for future rounds?
Yes, you are required to create a new Fantasy Cricket team for every round on Fantasy Sports Game of Skill | Play Online Sports Leagues | Dream11.com
What if one of my chosen cricketers does not play in the round?
Need to choose your Fantasy Team carefully, Champ! The player who does not feature in the starting 11 in the matches (included in the round) does not get any Fantasy Points.
How many cricketers are needed to create a Fantasy Cricket team?
You need to select 11 cricketers to create a Fantasy Cricket Team, with a minimum of 3 bowlers, 3 batsmen, 1 all-rounder and 1 wicket-keeper, while the other 3 cricketers can be from any category. Please click on the ‘Creating Your Team’ link in our 'Help' section for more details on possible team combinations.
Can I choose cricketers from one cricket team only?
We allow a maximum of 7 cricketers to be selected from one cricket team.
I’ve spent my entire budget before selecting all 11 players. How do I complete my Fantasy Cricket Team?
That’s the challenge! You need to create your Fantasy Cricket team within the budget of 100 credits given to you. We’re sure you can do it!
What is the use of a captain in the Fantasy Cricket Team?
The Captains always has some charisma! The cricketer you choose to be your Fantasy Cricket team’s captain will receive 2 times the points and VC will receive 1.5 times the points for his performance. So choose your Trump Cards thoughtfully!
When I make changes in the Fantasy Cricket team - how long does it take for the change to reflect?
The changes are instant! You can make unlimited changes any time before the deadline hits for a particular round.
Can I edit my Fantasy Cricket team during the round?
Come on, where’s the skill in that? You can create or edit your Fantasy Cricket team only before the deadline, which is usually 1 hour prior to the start of the first match of the round. So keep an eye on the ticker!
The squads for matches/rounds featured on Fantasy Sports Game of Skill | Play Online Sports Leagues | Dream11.com can keep getting updated till the deadline for that particular round as per the alerts received from our service providers. We request you to keep checking for such updates till the deadline for respective rounds.
How can I see my Fantasy Cricket Team’s rankings?
You can click on the particular round that you have created your Fantasy Team for, click on the ‘Joined’ tab just above the league options and then click on the 'Show' button to see the updated points and rankings for yourself and your opponents in that League.
How can I change my Fantasy Cricket Team Name?
Sorry, but once your Fantasy Cricket team name is registered, you can’t change it. Choose your team name wisely, its permanent!
How do I create Multiple Teams for the same Round?
Multiple team option is enabled after creating your first team. You can create multiple teams (max 4 teams) by clicking ''Create Team 2'' button and so on which is displayed above the field preview on the right hand side of the leagues page.
How many Teams can I create in a Round?
You can create up to 4 separate teams in a round
Can I join the same League using Multiple Teams?
You can join only one league with one team. However, leagues which display ‘Multi Entry’ on them allow you to join the same with multiple teams.
Can I edit my Teams?
Yes! You can edit your team(s) before the round deadline
Here is little article about dream 11

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How can one earn Rs. 5,00,000 in six months?

How can one earn Rs. 5,00,000 in six months?

1-In today's world, in order to earn a 5 digit amount per month in INR you need two very important things:
  1. A good Internet Connection
  2. Zeal to Earn
I am a final year CS engineering student living in bangalore and I come from a middle class family which is not very affluent.Hence I started taking care of all my expenses since the past 1.5 year and have manage to earn a decent ₹ 15,000 - ₹40,000 per month.
I'm going to share with you the SECRET formula I came to know from a friend which can fetch you up to a whooping ₹1,00,000 per month.
I will be sharing my earning experience in order to explain the Formula:
Step 1 : Find out your interests and nurture them
I started learning web designing languages like HTML CSS and JAVASCRIPT using which I could create a very basic websites.
Then I learn how to create responsive websites using css and created a few sample webpages while learning. All this took a month of time.
Now I was all set up to start earning.
Step 2: Create a free account in Upwork (or similar) to start earning
I set up an account and took the free tests on the site to get a good ranking, which would show clients that I know my stuff.
Step 3: Start Applying to jobs matching your forte
I applied on around 50 jobs that required to create simple static websites(That's what I learnt in the past 1 month and the only thing I knew) and wrote a well formed proposal to convince my clients to choose me.
But why will they choose you over another 100 people offering the service? Simple! You charge them really less and you have skills verified by the site.
All it takes you to start a successful career in freelancing is the first job and your rating.
My first job was a beautician startup website which I was doing for $80 (₹4500), pretty cheap compared to standard pricing which is around $150.
I worked really well on the first project and made sure the client was really happy.
Further more, on completion I gave him a $10 additional discount and told him it was a token of appreciation for awarding me my first job. Client was now happy++.
He gave an outstanding feedback and recommended me on Elance. When I applied on the second job, I mentioned him to check the last feedback and again quoted cheap but around $100(₹6200) this time. This time too I managed to get a nice feedback.
Now in two weeks I have already earned ₹10,500by working 1 hour daily i.e., 14 hours.
Following This rule I could now easily make around ₹10,000 per month working for 4-5 hours per week. But wait, if you read my second point on the starting of this post, you will know what I wanted now. More money. ^_^
When you make a website, you need graphics. I learnt photoshop and later illustrator really well to make sure I don't ever pay anyone for the graphics I need for the site and also started taking logo and graphic designing projects to earn an extra ₹5000-₹7000 per month.
Step 3: Secret FORMULA
As I was making around ₹15,000 to ₹20,000only after the third month of working, I realised that money might be easy to make online but there is a pattern on how I can earn more based on highly employable skills I acquire.
So here goes your monthly earning based on skills you acquire:
SKILLS Approx earning Scope of jobs
1. HTML/CSS/JavaScript  ₹15,000  basic static websites
2. Basic Photoshop  extra ₹5,000 photo manipulation and basic editing
3. Illustrator & Photoshop  extra ₹8,000 Logo creation and advanced editing
4. PHP / MYSQL  extra ₹15,000 dynamic websites with database
5. AJAX / JQuery  extra ₹7,000  dynamic websites advanced
6. CMS like Joomla/WP  extra ₹15,000 dynamic websites with CMS
7. Ecommerce - Magento  extra ₹25,000 dynamic websites like Flipkart
8. Stacks like LAMP  extra ₹10,000  high end web applications
Although learning all of these skills would fetch you at least a lakh rupees per month, the total work hours will range to anything around 16-18 hours per day as you would be dealing with a lot more projects per month.
This sounds crazy right? How can someone work for this enormous hours and how can someone possibly keep track of so many projects? Is this even possible?
Well Pretty much!! Keep Reading...
Step 4: Making monthly income to ₹1,00,000+ a reality
Register your business with the government body and employ 3 programmers as interns based on the higher level skills you lack from step 3. You are now investing around ₹10,000 per head suppose, which is ₹30,000.
Now even if you each work for 8 hours a day,
that is 4 person x 8 hours a day = 32 work hours per day.
You can easily take up twice more projects per month and earn around double.
You might be thinking that it is all too good to be true!
Maybe, but only if you don't work hard enough. ;)
Incase you reach till step 4 and need to hire a web developer or considering my credibility to post this answer, you can mail me at contact@siwalik.in or hire me athttp://siwalikm.elance.com. happy earning :)
EDIT : I'm overwhelmed by the tremendous response I got on this thread.
While I'm glad that I could actually motivate many people to start coding, I'm equally glad that this article made me meet some awesome people and finally helped me land a job in one of the fastest growing startups in India.
2-let me list out the top 10 sources of online earning platforms that i have tried and tested!
(If you are good in academics)
1. An off-shoot of Transtutors is better suited to someone who cannot make a long-term commitment to teach a student or does not want to recommend companies to others around him or her. Once you get registered at Transtutors, you can visit the website whenever you have time and answer questions of undergrad, posgrad and other doctoral students worldwide and make money for it.
It offers you two advantages. You can pick and choose to answer questions at your convenience AND you can visit the website WHENEVER you have time. Suppose, you are able to take 2 hours of time one day and are not sure that you will be able to do so everyday – it would be better to answer Transtutors questions rather than opting for online tutoring.
Moreover, Transtutors offers Royalty on the questions you answer. It means that once you have answered a few hundred questions and they are so good that students start buying subscriptions of the website through your answer page, you will earn royalty on the for your entire life. It means that for the answers you give now, you can earn a royalty of about $5,000 per month for lifetime! The site requires zero investment and I highly recommend this site for you to try.

3-In last few years many online earning options have come which give option to earn money sitting at home. Few of the options which i have tried and have worked for me and my friends are:-
Youtube.com:- Start with a video channel about something people are looking for. For example a beauty channel, fashion, interior, cooking etc. Make 1 video per week based on what is #trending. 1st year don't expect anything out of your 52 videos. But once you reach 100 videos, so will see suddenly your videos will start getting lot of views and it will keep on increasing year after year. Most important thing is it is royalty and ad based income so even if you take a break or go on holiday your earnings will not suffer. One of my friend earn Rs. 2 lacs per month from her youtube video channel!!
Most important rule. Write/Blog/Vblog about what is trending. Do you keyword and context research properly at SEO Software, Tools and Resources for Better Marketing or Buffer - A Smarter Way to Share on Social Media
Hire Freelancers & Find Freelance Jobs Online:- Here you become a Freelance service provide in the area of expertise and start bidding on projects. Most important thing to grow your business is quality of project work you do should be extremely high. Don't do too many projects together. But whatever you do should be very high quality. If you are active on this site you can easily get upto 1-2 projects a day in areas like app development, content writing, designing banners, storytelling, social media marketing. On an average within 6-12 months you will start earning Rs.10000 - Rs. 25000 per month from this site.
Online Tutoring, Homework Help, Assignment Help :- If you were / are good at academics in your college days then you can cash it now. Become their tutor and start answering questions on college level math, science, economics, statistics, accounting, finance etc. They will not pay anything upfront (unless it's a scheme which they run as well) but from royalty you will earn a lot of money. One 0f their tutor Subrata Ramuka i spoke to is earning around Rs. 15,000 per month as royalty after answering 2000 questions on this site.

4-With about 17 months in android app development and winning the admob student app challenge regional prize for Asia Pacific, I think I can answer your question.
I think you are talking about a normal not so extraordinary app with 10k downloads. I would say if it has atleast 30% of active users, you would get around USD 100-120 with decent number of ads.
If the retention rate is very less, then show users a lot of ads anyhow they will not keep the app without ads too. But, be careful if it is an app with high retention rate never annoy users with ads.
I have around 12k users for one app which makes 25USD a month where as another app with 15k users make around 400USD. So, eventually it depends on the app itself.
Make an app which sells itself.
All the best.
5-Yes, there are many ways through which you can earn a decent income. And yes, like you have mentioned above there are a lot of scams. Please do not pay any upfront fee for work at home jobs, no matter how much proofs they offer. Genuine work at home jobs are always free. I am earning an easy 10-13K INR consistently for the past few months, that too by working less than 2 hours daily.
Leapforce, is a US based company that provides work at home opportunities across the globe. They mainly provides jobs that can be categorized under "Social Media Ad Rater" or " Search engine result evaluator". They pay $7/ hour(India) . However, you are only allowed to work only for an hour a day (per project) It can vary from project to project. You need upload your resume and a scan copy of your government issued identity proof. Based on the details you have submitted, Leapforce team will contact you back. Upon successful completion, you will be asked to provide your bank details.
You can now login to the website and apply for various projects. You will have to clear a qualification test for each projects you are applying. The more projects you enroll, the more you can earn. Exams are bit tough though. I could only clear one exam out of three I have attempted. Study materials are lengthy and I recommend spending some quality time with the materials before attempting the exam.
Current openings in leapforce can be found here
If you are still not convinced, you can read what other people have to save about Leapforce here: Leapforce Reviews
For me, this serves as a passive income. Where else can you earn 10-13K monthly just by spending 1-2 hours per day? Payments are made in the form of direct bank transfers through Western Union by 25-30th of each month. I am attaching payment proofs for last two months.