Earning ₹ 2 Lakhs per month looks so hard at first sight. But believe me, it is doable and it’s not that hard to earn ₹ 2 Lakh per month in India. Today, In this article I will discuss how to earn ₹ 2 lakh per month in India in a legit way.
Well before I move ahead, I have something for you – Good news and bad news. The good news is that earning ₹. 2 lakhs/month doesn’t require you to be a doctor or engineer. The bad news is very few people know and believe that they can earn ₹ 2 lakh per month.
In India, Money is the subject never taught in the school or colleges. The average Indian experience the power of money at the age of around 25 years. By that age, there are a lot of concepts about money that an individual should have learned.
So how to earn ₹ 2 lakhs per month in India?
2 Lakh per Annum? no, here we are talking about 2 lakh per month. Sounds optimistic but believe me its achievable with the right skills and experience.
First of all, have a look around you and check people who are earning through the skills. Here what I mean by skill is not academic degrees. It could be anything from a carpenter to Air conditioner technician to a LIC agent. You will find something similar in all of them, the skillset they possess.
There are many professionals or freelancers who are earning around 2 lakhs/month. I personally know a LIC agent who is earning around 80 lakhs per annum, that is around 6.6 lakhs per month. An electrician or technician earns ₹ 1000-2000 per visit. And they are visiting no less than 8-10 customers a day. So they can easily earn 2 lakhs per month without any capital requirement. All they have is their skillsets.
A plumber charges anywhere between 300 to 500 per visit and he must be visiting around 8-10 people a day. How much he earns? There is no end to the list, I can go on and on and on.
Not only in India, but the earning of skilled people outside India is also much higher than this. That’s why there is a high demand for skilled people outside India.
I learned a lesson at the age of 30 that to earn ₹ 2 lakhs/ month you need not be a doctor or an engineer.
There are so many ways to earn ₹ 2 lakhs a month in India. You need to be a specialist in any of the domains you like. Acquire knowledge, there is no substitute for this. You have to have good knowledge about anything that you like. Gone are the days when only doctors and engineers are making money and flaunting their knowledge.
This is how you can earn ₹ 2 lakhs per month in India.
Below is the list of few activities that can make you earn ₹ 2 lakhs per month without even an academic degrees.
- Become a mobile app developer
- Become a freelancer/consultant
- Online selling (through Amazon or your own website) – People nowadays sell stuff through even WhatsApp
- Become a blogger
- Start your Youtube channel
- Start affiliate marketing
- Domain buy and sell
- Become a Graphic designer
- Start an E-commerce website for a unique product
Most of the above-mentioned activities are No. brainer. Anyone with domain knowledge can start earning out of these activities. You need to be consistent and hardworking in order to be successful.
Getting a salary of ₹ 2 lakhs per month in India is very difficult. India is an overpopulated country so there is stiff competition in the market for jobs. People are ready to work for half the salary than what you are earning or asking. Also, it takes many years of effort to reach that level.
Earning ₹2 lakhs per month is a significant income, and it requires a combination of hard work, dedication, and a well-planned strategy. While there are no shortcuts to success, there are several ways to achieve this level of income in India. Here are some steps that can help you earn ₹2 lakhs per month in India:
- Start your own business: Starting your own business is one of the most effective ways to earn a high income in India. You can start a business in a field that you are passionate about or have experience in, and focus on providing high-quality products or services to your customers. You can choose to start a business in any field such as technology, education, healthcare, real estate, etc.
- Invest in the stock market: Investing in the stock market can be a good way to earn a high income if you have a good understanding of the market and are willing to take calculated risks. You can invest in stocks, mutual funds, or exchange-traded funds (ETFs) and earn returns on your investment.
- Freelance or consult: If you have skills or expertise in a particular field, you can freelance or consult with clients to earn a high income. This can include fields such as writing, graphic design, web development, marketing, accounting, or legal services.
- Real estate investing: Investing in real estate can be a lucrative way to earn a high income in India. You can invest in rental properties, commercial properties, or land, and earn a regular income from rent or by selling properties at a higher price.
- Invest in cryptocurrency: Investing in cryptocurrency such as Bitcoin, Ethereum, or Ripple can be a high-risk, high-reward investment strategy. If you have a good understanding of the cryptocurrency market and are willing to take calculated risks, you can potentially earn a high income through cryptocurrency trading.
- Become a high-earning professional: Pursuing a high-paying profession such as a doctor, lawyer, engineer, or investment banker can also help you earn a high income in India. However, these professions require a high level of education and training, and may not be suitable for everyone.
- Start a YouTube channel or blog: Starting a YouTube channel or blog can be a good way to earn a high income if you have expertise in a particular field or have a unique perspective on a topic. You can earn money through advertisements, sponsorships, or affiliate marketing.
- Offer consulting services: If you have expertise in a particular field, you can offer consulting services to clients. For example, if you have experience in digital marketing, you can offer consulting services to businesses to help them improve their online presence. You can charge an hourly rate or a fixed fee for your services.
- Start an online store: You can start an online store and sell products without any investment by using dropshipping. With dropshipping, you don’t need to hold any inventory as the supplier ships the products directly to the customer. You can create an online store on platforms such as Shopify or WooCommerce.
- Offer online tutoring services: If you have expertise in a particular subject, you can offer online tutoring services to students. There are several online tutoring platforms such as Vedantu, BYJU’S, and Chegg where you can find tutoring opportunities.
Earning ₹2 lakhs per month in India is achievable if you are willing to work hard and have a well-planned strategy. It is important to choose a career or business that aligns with your skills, interests, and passions, and to focus on providing high-quality products or services to your customers or clients. It is also important to invest wisely and take calculated risks to maximize your income potential.
There are several ways to earn ₹2 lakhs per month without any investment. It is important to choose a field that aligns with your skills and interests and focus on providing high-quality services to clients. With dedication and hard work, it is possible to earn a good income through these methods.
Which Jobs Offers a Salary of 2 Lakh Per Month?
Here are some professions that are known to offer such salaries:
- Information Technology (IT) Professionals: Experienced software engineers, data scientists, IT consultants, and senior-level managers in the IT industry can command high salaries.
- Investment Bankers: Professionals working in investment banking, particularly those in senior positions, can earn substantial salaries.
- Doctors and Surgeons: Specialist doctors, surgeons, and medical consultants in private hospitals or with their own practices may earn high incomes.
- Senior Corporate Executives: Top-level executives, CEOs, and C-suite management in large corporations might receive substantial pay packages.
- Chartered Accountants (CAs): Experienced and established CAs working in reputed firms or having their own practice can earn high incomes.
- Lawyers: Senior lawyers and advocates with significant experience and successful practices may have high earning potential.
- Airline Pilots: Experienced commercial pilots working for major airlines can earn competitive salaries.
- Data Scientists and AI Specialists: Professionals with expertise in data science and artificial intelligence are in high demand and may receive attractive remuneration.
Business Ideas to Earn 2 lakh per month
E-commerce Reselling Platform
Starting an e-commerce reselling platform can be an excellent way to kickstart your journey towards earning 2 lakh per month. You can partner with established e-commerce platforms, source products at wholesale prices, and then resell them with a markup. Focus on niche products or unique offerings to stand out in the competitive market.
Digital Marketing Agency
The digital marketing industry is booming, and businesses are actively seeking expertise to enhance their online presence. Launching a digital marketing agency can be a lucrative endeavor, offering services such as social media marketing, SEO, content creation, and email marketing.
Subscription Box Service
Subscription boxes have gained immense popularity among consumers for their convenience and surprise element. Curate specialized subscription boxes catering to various niches, such as beauty, fitness, food, or hobbies, to attract a loyal customer base and generate recurring revenue.
If you possess expertise in a particular subject, consider starting an online tutoring platform. With the increasing demand for virtual learning, this business idea allows you to share your knowledge while earning a substantial income.
Mobile App Development
With the rising dependence on smartphones, the demand for innovative mobile apps is soaring. If you have programming skills, explore the world of mobile app development and create user-friendly apps for businesses or consumers.
Health and Wellness Products
The health and wellness industry is thriving, and consumers are actively seeking products to improve their well-being. Launch a line of organic or specialized health products to cater to this growing market.
Event management is a rewarding business that requires excellent organizational skills. Plan and execute memorable events, such as weddings, corporate gatherings, or parties, to earn substantial profits.
Start a niche blog and focus on topics that resonate with a specific audience. Monetize your blog through advertisements, sponsored content, and affiliate marketing.
Handmade Crafts and Products
If you have a flair for creativity and craftsmanship, consider selling handmade products online or through local markets. Handmade crafts often have a unique charm that attracts buyers.
Real Estate Investment
Investing in real estate can yield significant returns over time. Buy properties, renovate them, and either sell or rent them out to generate a passive income stream.
Pet Care Services
The pet industry is growing rapidly, and pet owners are willing to spend generously on their furry companions. Offer pet care services, such as grooming, pet sitting, or pet training, to tap into this market.
Dropshipping eliminates the need for inventory management, making it an attractive business model for aspiring entrepreneurs. Partner with suppliers and sell products directly to customers without holding any inventory.
Personal Fitness Training
If you are passionate about fitness and have the expertise, become a personal fitness trainer. Offer personalized training sessions and meal plans to help clients achieve their health goals.
Content Creation and Marketing
Content is essential for businesses to engage with their audiences. If you have strong writing or video creation skills, offer content creation and marketing services to businesses seeking to improve their online presence.
Virtual Assistant Services
Many businesses and entrepreneurs require virtual assistance for tasks such as administrative support, social media management, and email handling. Start a virtual assistant service and cater to these demands.
What Should you Do?
Well, there are only two things required to earn 2 lakhs per month. 1) Concentration 2) Hard work
There is no substitute for these 2 things. You must concentrate on the domain and acquire the knowledge that is required to become a pro.
Hard work is the key to success. You have to do a lot of hard work to achieve 2 lakhs per month as an income. You can’t be successful spending a few minutes a day like you do for your hobby. You need to really spend a good amount of time to reach your goal.
Earnings will come gradually and for that you must do hard work with consistency.
Process to get success
- Think and shortlist your area of interest
- Cross-check your knowledge and expertise in that field
- Acquire knowledge (if required)
- Draw a plan (a detailed one)
- Stick to that plan
- Again stick to that plan (because I am here sure you want to quit)
- Allocate time and resources
- Be consistent (don’t doubt your ability, you can do it!)
- Be patient (Roam was not built in a day)
You must put quality time into your work and wait for some time to level up your skills. It takes strong on your skills. So give time to let grow your strength.
Earn ₹ 2 lakhs per month in India is not that hard as you think. Open up your mind, look around you and you will see plenty of opportunity through which you can earn ₹ 2 lakhs per month. Remember things take time and there is no quick way to earn that much of amount.
There are various ways to earn Rs. 2 lakhs per month in India. With the right skill and experience, earing 2 lakhs per month is not that hard now a days. Please go through the various ways by which you can earn 2 lakhs in India.
Actually, its 2 lakh per month so how much per annum? The answer is Rs. 24 lakhs per annum. This is gross salary and subject to income tax deductions as per the prevailing guidelines.
There are various ways you can earn lakhs per month. Either you choose a path of salaried job or take your own path of business. Both has the potential to earn lakhs per month.
Good question! There are only around 12 to 15 lakhs people who earns 2 lakhs per month in India. That is just 0.1% of the total population of India. So if you are earning 2 lakhs per month, you are among the top 0.1% populations in India, Congratulations!
Yes! earning 2 lakhs per month is very good salary in India. For the record, only 12 to 15 lakhs people in India earn that much of salary. If you are the one, then you are among the top 0.1% population in India.
The timeline varies based on individual circumstances, but consistent effort can accelerate the process. There is no fix formula for this. Keep going and you will achieve this.
Earning 1 lakh (100,000) rupees per month requires a combination of hard work, skill development, and strategic planning. Here are some potential ways to achieve this goal:
High-paying Job: Look for a high-paying job in a field where you have expertise or can acquire the necessary skills. Consider industries like IT, finance, medicine, engineering, or management, where salaries can be relatively higher.
Freelancing: If you have specific skills such as writing, graphic design, web development, or digital marketing, consider freelancing. Platforms like Upwork, Fiverr, and Freelancer offer opportunities to connect with clients worldwide and earn substantial income.
Online Business: Start an online business selling products or services. E-commerce platforms like Amazon, Shopify, and Etsy provide a global audience for your products, and digital services can be offered through your website.
Real Estate: Invest in real estate properties and rent them out to generate passive income. Rental income can be a steady source of revenue once you’ve acquired suitable properties.
Stock Market and Investments: Invest in stocks, mutual funds, or other financial instruments that have the potential for good returns. However, be aware that investments carry risks, and you should do thorough research or seek professional advice.
Education and Skill Development: Continuously improve your skills and knowledge to stay relevant in the job market. Higher qualifications and certifications may lead to better-paying job opportunities.
Multiple Income Streams: Diversify your income by combining multiple sources, such as a full-time job, freelancing gigs, rental income, and investment returns.
Network Marketing: Engage in legitimate network marketing opportunities that offer commissions and bonuses for selling products and building a team.
Content Creation: Start a YouTube channel, blog, or podcast and monetize your content through ads, sponsorships, and affiliate marketing.
Consulting: Offer your expertise as a consultant in your area of knowledge. Many businesses and individuals are willing to pay for expert advice.
Earning 3 lakhs (300,000) rupees per month is a significant financial goal that will require dedication, skill, and strategic planning. Here are some potential ways to work towards achieving this level of income:
High-paying Profession or Career: Aim for a well-paying job or career in a high-demand industry, such as IT, finance, healthcare, law, or business management. Continuously upgrade your skills and seek promotions to increase your earning potential.
Entrepreneurship: Start your own business in a lucrative industry with high-profit potential. Thoroughly research your market, develop a solid business plan, and be prepared to put in hard work and dedication to grow your venture.
Online Business Expansion: If you already have an online business, explore ways to scale and expand it. Consider diversifying your product or service offerings, reaching a wider audience, or exploring international markets.
Investments and Passive Income: Invest in income-generating assets such as real estate properties, stocks, mutual funds, or other financial instruments. Passive income from investments can supplement your active income.
High-Value Consulting: If you possess specialized knowledge or expertise in a particular field, offer premium consulting services to businesses or individuals willing to pay for your expertise.
Multiple Streams of Income: Create multiple sources of income by combining different revenue streams, such as a full-time job, freelancing, rental income, dividends, and affiliate marketing.
Real Estate Development: Venture into real estate development projects that have the potential for substantial returns. Buying land, developing properties, and selling or renting them can be lucrative in the long run.
High-End Freelancing: If you are a freelancer, focus on high-value projects that pay well and cater to premium clients. Building a strong portfolio and reputation can lead to better-paying opportunities.
Online Courses and Workshops: Create and sell online courses or conduct workshops in your area of expertise. With the right marketing strategy, you can attract a large audience and generate significant income.
Network and Build Relationships: Network with influential people in your industry, attend conferences, and build valuable relationships that can open doors to high-paying opportunities.
Glassdoor, a well-known job and recruitment platform, provides valuable insights into the average base pay in India. According to their data, the average annual base pay in the country is INR 9,45,489. However, it’s important to note that this figure can vary significantly depending on factors such as industry, job role, location, and experience.
When examining salary ranges by age in India, it’s essential to consider the diversity of the job market and the wide array of career paths individuals may choose. Generally, fresh graduates and those in entry-level positions might earn a minimum salary of around INR 8,000 per month. These initial earnings primarily reflect the limited work experience and skill level of young professionals.
As individuals gain experience and climb the career ladder, their salaries tend to increase. By mid-career, professionals may expect to earn a moderate salary that can range from INR 50,000 to INR 1,00,000 per month or even more, depending on their industry and role.
With further experience and expertise, senior professionals and executives in India can command higher salaries. For those in their late career or top managerial positions, the monthly earnings can reach a maximum of around INR 1,00,000 to INR 1,43,000 or above.
It’s important to remember that these figures are averages, and individual salaries can vary widely. Many factors influence salary levels, including the company’s size and reputation, the individual’s skills and qualifications, negotiation abilities, and market demand for specific skills.
Moreover, various industries in India, such as IT, finance, healthcare, and manufacturing, offer different salary structures, benefits, and growth opportunities.
When considering salary expectations, job seekers and professionals should conduct thorough research, understand the industry norms, and negotiate their compensation based on their skills, experience, and the value they bring to the employer.
Here is the article published by Forbes on the average salary in India.