What are some ways to earn Rs 50 lakhs a year?

Updated on : December 4, 2021 by Sebastian Mcdonald



What are some ways to earn Rs 50 lakhs a year?

I made 50,00,000+ rupees this year (in 2020). Here is a test of my PayPal dashboard. So I can only tell you in detail how it worked for me.

Look, as an educated person who has had access to school and university education, we need to use our knowledge / brain to earn money. You can see tea shops that make millions of rupees annually, but the same goes for any other restaurant or business as well.

However, the problem is managing the risks associated with this. I don't know what your education / family background is, but I am a GEM (General, Engineer, Male) from a middle class Indian family,

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I made 50,00,000+ rupees this year (in 2020). Here is a test of my PayPal dashboard. So I can only tell you in detail how it worked for me.

Look, as an educated person who has had access to school and university education, we need to use our knowledge / brain to earn money. You can see tea shops that make millions of rupees annually, but the same goes for any other restaurant or business as well.

However, the problem is managing the risks associated with this. I don't know what your education / family background is, but I am a GEM (General, Engineer, Male) from a middle class Indian family, and I found my success through freelance work.

Now, to earn 50 lakh per year, you need to earn at least 4.16 lakh per month. That is possible, but you have to understand two things.

  1. How much risk can you take and
  2. How much money can you start with?

Most business ideas need some kind of money to get started. If someone tells you to go into a poultry business, for example, or anything else, you must accept that there is a possibility that the business will fail due to a number of reasons and that you will lose your initial investment.

Freelancing, on the other hand, is a service-based profession; You don't have to invest in buying expensive machinery unless you don't have a laptop, and even then, you get a very decent laptop for Rs 60,000 to Rs 70,000, which is a small price to pay for earning 50 lakhs per year.

If you don't have a lot of money, you could start working as a freelancer as a business activity. I didn't have much when I started in December 2016. All you need is a laptop.

On my Quora profile, I mentioned everything about how you can get started as a freelancer. It is 100% free. I do not sell anything. Now assuming you have more money to risk and are not afraid of losing money in business, here are some ways to earn Rs 50 lakhs per year:

  1. Learn to trade (positional or intraday) in the stock market; it is specifically about trading options and futures because they can multiply profits (and losses).
  2. Forex / Forex trading and CFDs.
  3. Hiring labor to start a tea shop near a train station that also sells some snacks like samosa / vada pav. This can be difficult for you to do unless you know someone who is in this field.
  4. Open a training center near a school or university (school, mostly). You can then talk to the teachers at that school whenever possible and tell them that you will give them a% commission if they promote your coaching center. Hire a few freelancers to do the study material, then keep 4-5 instructors per hour. Even better, partner with a tiffin service store and sell the tiffins to the kids who attend your training center for 30-40% more profit.
  5. Start a hydroponic farm; You can then partner with nearby supermarkets and retailers to supply fresh vegetables periodically at competitive prices and probably earn 3-4 lakhs per month.
  6. This is what I did: start working as a freelancer for a high demand service and then try to attract foreign clients who can pay in foreign currency.

Feel free to check out my Quora profile if you are interested in learning more about freelance work. Again, it is completely free. I don't need to charge anything because I have enough.

Let's divide 50 lakhs into income per month, per day, and per hour.

Per month - Rs. 4.16.666

Per day - Rs. 13,888

Now, here is the main thing that will make a difference. Do you want to work just 9 to 5 like most people or are you willing to work 16 hours a day?

Hourly income -

For 9-5 people, earning per hour - Rs. 1736

For 16 hours a day, earnings per hour: 868 rupees

So to earn 50 lakhs, you will only need to earn Rs. 868 per hour.

Let's take an example, if you become a Consultant, you can charge your client ₹ 1000 for an appointment and see 1 or 2 patients per hour. me

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Let's divide 50 lakhs into income per month, per day, and per hour.

Per month - Rs. 4.16.666

Per day - Rs. 13,888

Now, here is the main thing that will make a difference. Do you want to work just 9 to 5 like most people or are you willing to work 16 hours a day?

Hourly income -

For 9-5 people, earning per hour - Rs. 1736

For 16 hours a day, earnings per hour: 868 rupees

So to earn 50 lakhs, you will only need to earn Rs. 868 per hour.

Let's take an example, if you become a Consultant, you can charge your client ₹ 1000 for an appointment and see 1 or 2 patients per hour. You can earn ₹ 2000 per hour! That is more than 50 lakhs per year.

To earn 50 lakhs you have to set goals and work very hard.

Work to earn more than 50 lakhs. Only then will you be able to win 50 lakhs.

As an Indian, you will most likely have to start a business to earn this amount.

If you have an idea, work on it, find an investor and, most importantly, you should know how your idea is going to make a difference in society and how UNIQUE your idea is.

Let's say you are an intraday trader. You invest in stocks.

A billionaire and the 18th richest Indian, Rakesh Jhunjhunwala once said, 95% of people lose money in intraday trading. Only 5% make money.

Then what do you do? Become the top 5% of daily traders.

Learn a skill. It doesn't matter if it's day trading, building, coding, or anything else. You just need to make sure you are better than all the people making less than 50 lakhs.

It could take 3 to 5 years for "1 lakh a year" to become a success overnight. Do not lose hope. Keep growing.

Keep learning. Keep growing.

I hope this helps.

You can do this even by starting to sell leftovers, garbage, believe me, it is not exactly what we do to make money, it is simply how we do it.
It is always dedication that pays off.
First of all, you cannot do this by doing salaried work.
Second, start a business.
Now the question arises: what, how and where,
WHAT? WHERE? Learn to analyze the opportunity, if there is a great demand for something, then starting that business is a sure thing and the demand is distributed and varies from place to place. If you open a restaurant near a university, it will (most likely) work. But what if it opens?

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You can do this even by starting to sell leftovers, garbage, believe me, it is not exactly what we do to make money, it is simply how we do it.
It is always dedication that pays off.
First of all, you cannot do this by doing salaried work.
Second, start a business.
Now the question arises: what, how and where,
WHAT? WHERE? Learn to analyze the opportunity, if there is a great demand for something, then starting that business is a sure thing and the demand is distributed and varies from place to place. If you open a restaurant near a university / college, it will (most likely) work. But what if you open a hardware store next to a university?
Before you get started, take a look at the opportunity on your own and learn the process from ground level, learn about all the ups and downs involved.
If you have an innovative idea that no one ever came up with, but there is a real need for it to be executed, then BINGO !!

EXCUSE ME?
Estimate the amount you can invest and then proceed accordingly. You can also start with 10 rs. But you have to start with total determination whatever happens, you have to give your 100%, whatever business you are in, you can take it to the highest level with your dedication and analysis, find clients, don't wait for them to come, go. and seek them out, convince them, beg them, teach them to do whatever it takes, but only sell your products / services, make your customer aware of the fact that your product / service is what they were looking for, research, read your customer correctly then you can manipulate them catually with what you say…. and here you go, your business is a success, and once it is successful ... there is no limit of 50 lakhs approximately

it depends on how fast you need this money

  • If you want to gradually earn 50 lakhs per year, the best option will be to work hard at a job and further improve your skill set, get promotions, and gradually earn money.
  • However, if you want to make that much money instantly, you can try the stock market, although I don't know much about it, but if you train enough, that amount will be easy to earn in a year.
  • You can also start a business of your own and if you are skilled enough and your luck works, you can earn 50 lakhs / year.
  • mainly depends on your skill and a little on your luck, it can be di
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it depends on how fast you need this money

  • If you want to gradually earn 50 lakhs per year, the best option will be to work hard at a job and further improve your skill set, get promotions, and gradually earn money.
  • However, if you want to make that much money instantly, you can try the stock market, although I don't know much about it, but if you train enough, that amount will be easy to earn in a year.
  • You can also start a business of your own and if you are skilled enough and your luck works, you can earn 50 lakhs / year.
  • It depends mainly on your skill and a little on your luck, it can be difficult but not impossible.

Start a poultry business!

sounds uncomfortable but very good option. First buy 2 chickens let them mate.

He will have 8 to 10 eggs later, 12 hens so they will grow exponentially to a larger capital.

it won't take long for yours ... it may be your side business.

Be very good at what you do.

You can also earn in crore rupees, but you need 99% hard work and 1% luck. For example, I know a doctor who sees 20 patients in the morning from 9 a.m. M. At 2 p. M. And another 20 in the afternoon from 4 p. M. A 9 p. M. Your consulting fee is 800 rs / patient. So you earn Rs 32,000 / day. Rest if you go to other hospitals, everything is the icing on the cake. It is 1cr 16lac 80k per year.

But behind it is his hard work, which earned him the medal as savior of the last hope.

So it's not rocket science, just do what you really want to do and be the best in that game / profession, etc.

This was the answer if you are an individual. You can search for more examples like som

Keep reading

You can also earn in crore rupees, but you need 99% hard work and 1% luck. For example, I know a doctor who sees 20 patients in the morning from 9 a.m. M. At 2 p. M. And another 20 in the afternoon from 4 p. M. A 9 p. M. Your consulting fee is 800 rs / patient. So you earn Rs 32,000 / day. Rest if you go to other hospitals, everything is the icing on the cake. It is 1cr 16lac 80k per year.

But behind it is his hard work, which earned him the medal as savior of the last hope.

So it's not rocket science, just do what you really want to do and be the best in that game / profession, etc.

This was the answer if you are an individual. You can also look for more examples like some successful startups. Otherwise, you won't get a pot full of gold in your backyard until you get really lucky and the mighty angels take quora very seriously.

Start your own business, and if you are successful, you can earn more than that.

There are many ways to generate the mentioned sum, but the money comes with experience, the easy and risky way can be to trade online, which has great potential and the money generation will be quick in a hurry, do not try without taking advice and basic precautions.

It depends on your investments. Study food markets, especially vegetables like onions, food grains. Minimum investments of Rs 20 lakhs, you can earn Rs 4 lakhs.

I am a 17 year old boy. My father owns a mining business in Jharkhand (it was started by my great grandfather). I guess we would earn a lot more than 6 crore per year. My family consisting of me, mom, dad and my older brother reside in Pali Hills, Mumbai. But most of the year my dad is in Jharkhand.

MY LIFE- I am studying standard 12 (IBDP) right now. I worry less about my courses. I party every weekend with my so-called "high society" friends. I have a girlfriend, but it is obvious that she is interested in my money and not me. My life is child's play. Since childhood I have

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I am a 17 year old boy. My father owns a mining business in Jharkhand (it was started by my great grandfather). I guess we would earn a lot more than 6 crore per year. My family consisting of me, mom, dad and my older brother reside in Pali Hills, Mumbai. But most of the year my dad is in Jharkhand.

MY LIFE- I am studying standard 12 (IBDP) right now. I worry less about my courses. I party every weekend with my so-called "high society" friends. I have a girlfriend, but it is obvious that she is interested in my money and not me. My life is child's play. Since childhood I have had all my demands satisfied. I have an iPhone 6s Plus, an imac, an iwatch and a Microsoft surface pro 3, a Rolex and a couple of Swiss watches. The middle-class population at my school envies me and thinks I'm a spoiled jerk (I was very humble as a kid, but when we grew up these kids started hating me, so now I've become a narcissist). Allowed to be sad because I'm filthy rich.

We go on international vacations 2 times a year, most of the time we travel in business class, we stay in the best hotels in that country. I have been to the United States, Australia, Sweden, Norway, New Zealand, Fiji, Spain, Portugal, Croatia, Italy and Japan.

My father got permanent residence in Australia for my whole family by investing there. Next year I am going to study there. After I graduate, I will do a job there and try to lead a normal middle-class life.

BROTHER: -He is 22 years old, he is studying at a mid-level university in the USA, I don't know much about his life since he does not contact us much. But as far as I know, he is a truly spoiled brat unlike me. On his vacation, he travels across the United States with his American girlfriend. Last year she went to Belize without even asking Dad for permission.

DAD: -His life is very stressful and he doesn't have time for us. Devils! He doesn't even have time for himself, he's a canny but mostly humble businessman, he's a booze addict (ohhh that's a no-brainer) and he doesn't talk much. Sometimes I feel like I don't even have a father, because of this my mom is always mad at my dad, but he doesn't really care and keeps saying he doesn't have time. cheating on mom. Every month he comes home for 5 to 6 days.

Mom: - She comes from a middle-class family and a housewife, she is somewhat depressed because there is no one at home all day, she has no friends, only a sister with whom she gossips every alternate day. his) brother on weekends. Once a year I go shopping (together with my aunt) to Milan or Dubai to go shopping.

We have 1 servant, a gardener, a maid, a cook and 2 drivers. We have a variety of cars consisting of Audi A8, Q7, Mercedes Benz 4 matic and a BMW520d.

DISADVANTAGES

  1. no real girlfriend
  2. no real friends
  3. a kind of dysfunctional family.
  4. dad doesn't have time for us
  5. mom is unhappy
  6. They always label me as "" Ameer baap ki bighdi aulad "
  7. fault

So to summarize, all advantages and disadvantages are equal. I'm going to taste a middle-class life in Australia and then choose which one to wear.

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