Considering the financial constraint, you must have thought sometime about how to earn money online without investment. This is clear enough. But earning money online without risking your savings is not only limited to financial constraints. For example, you can add a few extra bucks to your monthly income. You can add one more source of income to your bank account and, at best, your side hustle could be your smartest move toward financial freedom. The best thing about making money through online sources is that it has no limitations. The more you specialize in your craft, the more you earn.

Post covid world with IT revolution is a perfect match to start your online money making journey. It is justified from financial and resource point of view. Be it a salaried person, a housewife, a student or a retired person, anyone who does not have access to fat capital or does not want to risk their money or has time constraints can start online earning without investment or with nominal investment. Moreover, making money online without investment is asset-light and does not require large settlements. All you need is a laptop or PC and an internet connection, or you can even do it from your smartphone. However, sometimes you need some skills to do the job, otherwise practice is enough.

Best ways to earn online without investment in 2023

There are plenty of ways to earn money online without investment in 2023. Some require specific skills and some require only basic working knowledge. You can take up these tasks by giving two to three hours of time every day. Once you get on track, you can tweak the timing accordingly. Following are the most effective ways to earn money online without investment for students and working professionals.

1. Become a Chegg Expert

CHEG experts are freelancers with specialized knowledge on a particular subject. If you have strong knowledge in any of the prescribed subjects, you can join Chegg as an expert and earn up to 1 lakh per month by answering students' queries. Although there is no joining fee for this opportunity, you have to follow certain steps/parameters to access it.

CHEG Specialist opportunity comes with many benefits; It is hassle free, ultimately helps you to increase your knowledge, get decent and timely payment and get opportunities to meet your peers. You can join CHEG Expert Program in 4 simple steps below:

  1. Sign up.
  2. Undergo online screening.
  3. Check your credentials and documents.
  4. Answer and start earning.

2. Insurance as POSP

Insurance POSP is a point of sale person who sells insurance policies. The main job of an Insurance POSP is to inform the customers about the insurance policies offered by the company and guide them to choose the best policy according to their needs and interest. Insurance POSP can earn 10-15% commission without investment on every policy they sell.

Becoming an Insurance POSP is an easy way for students, business people or anyone to earn money online without investment. Many large organizations run insurance POSP programs. You can easily sign up for their programs, undergo scheduled training and start selling policies. If you have a smartphone, decent internet connection and sales skills you are good to go. However, there are certain rules for becoming an insurance POSP that you can discuss with the company you are joining.

3. By freelancing

A freelancer is a self-employed person who is not bound to any particular employer, and a freelancer hires the freelancer's skills in exchange for money. Therefore, freelancing does not have any time constraints or liability in general. However, you are responsible for the work you undertake. The amount of money you can make freelancing depends on a few factors, such as your skills, previous work, and your ability to negotiate and market yourself.

Unlike insurance POSP, working independently requires specific skills. Freelancing skills can be anything from writing, transcription, translation, logo design, graphic design, web development and many more. As freelancing platforms are full of skilled freelancers, this space is quite competitive. Therefore, you need to present yourself well, be committed to your client and negotiate smart enough to secure the deal without losing your value. Freelancing is one of the most followed ways to earn online without investment and it can earn you quite good money.

4. Selling homemade items

Selling homemade items is more entrepreneurial. In this case, you are not working for any insurance company to sell their policies or to rent your skills to clients. Selling homemade items can include handicrafts, food items or anything else. Selling homemade items is not a way to earn without investment. It requires little capital initially, which you can reinvest to make it bigger. You can start small with a few units and your sales surge can grow over time.

Assuming you have some craft in your hands, all you need to get started is a laptop or PC with an internet connection and basic knowledge of e-commerce platforms. Many e-commerce marketplaces like Amazon, Flipkart, Myntra and India Mart can boost your sales and deliver the product to the customer's doorstep. You can sell directly to your customers using social media platforms like Facebook, Instagram and WhatsApp.

5. Select Data Entry Jobs

Data entry jobs are of different types. You can do this full-time, part-time or freelance. This is one of the easiest ways to earn online from home without investment. Students who want to manage their pocket money and professionals skilled in Microsoft tools can make good use of it.

A laptop or computer with internet connection is essential for data entry work. Also, you should have good knowledge of MS Excel and other Microsoft tools. Once you join a company or client for data entry jobs, they send you the job details in an email with instructions and data sources. If you deliver the work within the deadline with perfect accuracy, you can easily earn ₹300 to ₹1,500 per hour.

6. Do beta testing of apps and websites

Beta testing is a term in software development domain. Beta testing refers to a stage in the software development process in which intended users can use the application or website to find bugs and issues before releasing it to the masses.

There are many websites that provide beta testing jobs like beta testing, user testing, startuplift, trymyui, test.io etc. You don't need any knowledge of software development to do this job. All you need is a basic understanding of how the software works and how to spot a bug or problem in the software. This can be your easy earning without investment route.

7. Affiliate Marketing

Affiliate marketing is a popular and reputed way to earn online without investment. It is one of the fastest growing industries and has created immense wealth for affiliate marketers. Affiliate marketing is a marketing or advertising model in which companies pay affiliate marketers for each lead/sale they generate for their products or services. It is a commission-based model where affiliate marketers get a fixed portion of the total turnover through their promotion.

Bloggers and many websites make money by endorsing (affiliate marketing) products and services for their users. Although affiliate marketing does not require any significant investment or specific skills, it is a niche domain and endorsers should only endorse relevant products and services. In other words, you should choose products and services to market according to the type of your audience. If you write about fashion on your blog or social media, you shouldn't advertise hosting plans.

8. Dropshipping

Dropshipping is not such an old trend but is picking up fast. You can imagine that it is a mixture of e-commerce and affiliate marketing. In dropshipping, you create an online store on the dropshipping website, add products to your store as per your choice and then market your store among your family, friends, relatives and social media followers. If someone buys a product from your store, the dropshipping website takes care of the delivery without mentioning their name.

You can choose from thousands of products on such websites and add them to your store. All these products come with their factory cost. You can add your desired margin to the factory price and sell it further. The factory cost goes to the company and the margin is yours. Simple as that. You can create dedicated pages on social media handles and run campaigns to reach a larger audience. Dropshipping is a perfect way to earn online without investment.

9. Blogging

When you need an answer to a question, you immediately put it into the Google search bar and hundreds of websites answer your question in the blink of an eye. Where do you think Google will come up with these solutions? Does Google write all the answers to millions of different questions? Well, no. Google just filters and shows answers related to the question asked. These are the blogs and articles that provide the answer.

So, we can imagine the importance of blogs and blogging. Blogs are a great source to earn online without investment. Successful bloggers earn thousands of dollars per month from blogging. However, blogging is not an easy and quick way to make money. It is a time-consuming and sometimes stressful journey. If you are a complete beginner, your blog may take 6 months to 01 year to generate some income.

If you are good at writing and have some serious knowledge about the subject, you are good to go with blogging. You can get started with no money using free tools like Google's Blogger. However, if you can afford to spend some money, you should buy a custom domain and host your blog on WordPress (or similar platforms). These free platforms provide hundreds of plugins to add desired features to your blog (website). You can monetize your blog with Google Adsense or some affiliate marketing program.

10. Domain Trading

Domain trading means buying an available domain at a low price and selling it at a high price. If you have good research skills and predict some trends, you can do well in domain trading. You can go to websites like GoDaddy and BigRock and check whether a creative domain name is available or not. If you feel it is available and in demand, you can book it for ₹ 1000 to ₹ 1200 and sell it for a higher price.

It may sound unusual, but domain trading is a great source of profit. However, it is not entirely a matter of 'earning without investment'. You have to invest a nominal amount initially and reinvest it after you earn some profit. Keep in mind that domain trading is like betting. It is unlikely that someone else will come up with the same name you booked and on top of that, they will contact you to buy the domain at a higher price.

11. Website Business

Website business is more secure and assured as compared to domain business. It is a well-established way to make money online. However, this is not really a way to earn without investment. Website Business is suitable for those who have good experience in website building (blog, e-commerce etc) and generating traffic. If you have experience, you can build custom websites or make them on WordPress and sell them while earning some income.

Flippa is a popular website with thousands of buyers and sellers dealing in websites, e-commerce stores and apps. If your website, store or app generates some revenue, you can list it for sale on Flippa for 10x to 20x more. It depends on the amount of traffic and revenue your website generates. There are two ways to trade websites on Flippa (and other types of websites). Either you can start a website from scratch and build it to generate traffic and income and sell it, or buy an existing website and work to grow it and then sell it.