Introduction : How to earn 1000 rs per day without investment online for students
In today’s digital age, the internet provides numerous opportunities for students to earn money without any upfront investment. Whether you are looking to support your education, manage your expenses, or save for the future, the online world has a plethora of options to explore. Here are some effective ways for students to earn 1000 Rs per day without any investment:
Freelancing
Freelancing is one of the most popular and flexible ways to earn money online. As a student, you can leverage your skills and offer services such as writing, graphic design, web development, social media management, and more. Websites like Upwork, Freelancer, and Fiverr allow you to create a profile and start bidding on projects. With consistent effort and quality work, you can build a steady stream of income.
Tips to Get Started:
- Identify your skills and strengths.
- Create a professional profile showcasing your expertise.
- Start with small projects to build your portfolio.
- Deliver high-quality work to get positive reviews and repeat clients.
Online Tutoring
If you excel in a particular subject or have strong academic skills, online tutoring can be a lucrative option. Many students and parents look for online tutors to help with subjects like mathematics, science, languages, and more. Websites like Chegg, Tutor.com, and Wyzant connect tutors with students.
Tips to Get Started:
- Identify the subjects you are proficient in.
- Sign up on tutoring platforms and create a detailed profile.
- Offer free trial sessions to attract students.
- Maintain a consistent schedule and be patient as you build your client base.
Content Writing
Content writing is another great way to earn money online. Many websites, blogs, and companies need writers to create articles, blog posts, product descriptions, and other forms of content. If you have a flair for writing, this can be an excellent way to earn money.
Tips to Get Started:
- Start a blog to showcase your writing skills.
- Join content writing platforms like iWriter, Textbroker, and WriterAccess.
- Apply for writing gigs on job boards and freelance websites.
- Focus on delivering well-researched, engaging, and error-free content.
Affiliate Marketing
Affiliate marketing involves promoting products or services and earning a commission for every sale made through your referral link. This can be done through a blog, social media, or YouTube channel. Many companies offer affiliate programs, including Amazon, Flipkart, and ClickBank.
Tips to Get Started:
- Choose a niche that interests you and has a good market.
- Create a blog or social media presence around that niche.
- Join affiliate programs related to your niche.
- Promote products through engaging content and honest reviews.
How to Earn Rs 1000 Per Day from the Stock Market
Focus on Small Profit and Go for Multiple Trades
If you want to earn regular income from the stock market, it would be feasible if you make small profits and do multiple trades in a day. Here, one thing you should keep in mind is that it is impossible to churn out 2-3% profit from a single trade. Hence, it is required of you to perform multiple trades in a day.
This strategy will help you get good returns by enhancing the number of winners and sacrificing the size of wins.
Hence, it is important for traders to book profits if he gets any small opportunity.
Focus on Trades That Have High Volume
It is suggested to keep an eye on shares of high volume. Here high volume refers to the shares that pass from one day to another day. As in intraday trading, the position has to square off before trading hours end, the liquidity of the stock is what the profit depends on.
It is equally important to do a bit of stock market research before investing. See, if you feel that the stocks you have selected will give you profit, only then you should select stocks. Make a chart and make a list of 8-10 stocks and then invest in them.
Trade in the Stocks which are in News
Picking momentum is very important for a stock as it will give you outstanding stock trading returns. Recent news which is based on product announcements, FDA announcements, reports, orders, and economic data releases can push the stock market in an upward/downward direction.
Maintain Stop-Loss
If you want to book more profits, you need to implement stop loss in trading for each trade. Stop-loss can be applied according to the trader’s risk appetite and the volatility of a stock.
Stop-loss help traders in several ways which are as:
- Helps to make money faster which is crucial for uplifting profitability in stock trading.
- Allows a trader to maintain a lower concentration of risky stock positions for a longer length of time. As a result, the number of open positions that are exposed to market changes is reduced.
Minimizing Trading Cost
A trader needs to maximize his quantum of daily profit. An investor should think that every trade he does, should have minimum brokerage costs. Stock trading costs include commodity transaction charges, brokerage fees, SEBI, turnover charges, GST charges etc.
Investors who want to earn Rs 1000 from the stock market are advised to trade in multiple trades and make small profits from them.
It has been seen that many traders lose money as they aim at huge profit from the stocks which is not possible in day trading. For instance, if you buy a share worth Rs 300 and wait to go prices up by 2% viz 305, 306. It’s not possible in real-time.
If you expect 2-3% profit from a single trade, it would leave you dissatisfied and you will only lose money. Hence, it would be imperative, if you keep focusing on booking small profits from multiple trades.
Conclusion
Traders earn huge profits from intraday trading. If you are interested in short term trading and investing, the above tips and tricks will help you to get outstanding returns from the stock market.