Top 5 online business ideas in India to make extra income The COVID situation has pushed a lot of livelihoods into deep troubles as a large majority of the population are out of jobs and have lost all sources of income. According to the CMIE reports, The average employment reduced from an estimated 404 million during 2019-20 to 396 million in March 2020. In April it came down to 282 million (122 million estimated job losses).CMIE is also of the view that the job loss of 27 million youngsters in their 20s will have serious long-term repercussions as they have to compete with the next cohorts joining the labor force after them, for fewer jobs. These reports nothing but proves that young India will not be able to build the savings it will require later in life.Hence, as India starts rebuilding from this huge setback, and things start to come back to normal, we need to have some alternate earning sources apart from our day jobs to financially stabilize yourself.Below we’ve put together a list of online business ideas in India/part-time jobs that you can use to make some extra money, and maybe even turn it into your primary source of income eventually.1. SEO/Digital Marketing:Digital marketing is not that different from traditional marketing, both involve selling a product and looking for ways to engage with customers to build brand awareness and eventually ‘close’ a sale. With the customer base shifting to online shopping, it is very important for brands and even small businesses to have an online presence. This is where a digital marketer comes in handy. Hence, in present times, a digital marketing career is one of the most practical, most lucrative side hustles you can operate as digital skills are in serious demand and the expertise gap is set to widen with the job market booming and bursting through the scenes. Now to earn through SEO or digital marketing, you must first have a thorough knowledge of all the concepts and tricks involved in this domain. You must know all the ways to increase the rank of a website, or direct traffics to a website. And as you keep working, you will soon gain enough experience through all the challenges, that you will soon be able to provide your service to various businesses as an SEO/Digital Marketing expert. 2. InvestingNow investing generally demands more time and effort than pursue it as a side hustle. As the share market is highly volatile, things can change for the worse in a matter of minutes. Still, there are many ways in which you can build enormous wealth through trading part-time. Try swing trading: Swing trading includes analyzing previous price patterns and charts of a company to predict the future direction of the market. If you figured out that the market is headed towards a downswing (decrease in the share prices), you can buy new stocks, and if the market is headed towards an upswing (increase in prices), you can sell the shares at a higher value.Build a comprehensive watchlist: Being a part-time trader, you don’t have much time to spend on the share market. Developing a watch list is the key to successful part-time trading. Identify the stocks in which you are most likely to invest in the coming days and add them to your watchlist. This will allow you to take quick investment decisions if one of the stocks in your watchlist shows profit potential, and you would save valuable time in deciding whether to invest or not. Identify entry and exit points: If you do not want to spend time monitoring your investments, you just have to identify when to enter the market and when to exit. It would mean that you determine the price at which you are willing to buy a stock and the price at which you are willing to sell it in the future.Let your strategies do their work: You have done everything you could to make your trade successful: put a stop-loss order, set a watchlist, and identified your entry and exit points. Now, all you can do is just wait and see what happens to your investments. Just relax, chill, and focus on your day job and let your strategy work its magic. 3. Become A TutorWith the lockdown period going on, teaching can be an excellent option to earn those extra bucks after going through your work from home schedule. With the availability of high-speed internet, students are slowly drifting to the online mode of education. The quarantine period has only accelerated the process. Hence, there are huge opportunities to teach online in your free time. If you have the proper knowledge and know-how to deliver, you can easily be successful in online teaching. Again, with online certificate courses gaining as much effectiveness as classroom training, people are also looking to learn new skills and courses online all the time. This can be another opportunity for you if you are an expert in any field, as you can teach people online about all the nuances involving your trade. 4. Part-Time YouTuberYouTube can be a very viable option to unleash your creative side and earn some money as well in the process. Becoming a part-time creator can be very beneficial as you’d have time for your other job, studies, and personal pursuits, all while exploring the exciting medium of video content creation and building a community online.But it might prove to be very daunting at the beginning as you will be up against people who have all the time you use on work or study to create new content. This can affect a channel’s performance on YouTube, as the algorithm favors accounts that upload regularly. Hence, before starting a channel, it is always helpful if you prepare some contents beforehand sufficient enough to be uploaded routinely over a certain number of days. Then as time goes on, you can fit in your schedule and continue your channel on a regular basis.Being a YouTuber can also help your career as many find their video production skills are desirable to future employers. Others have been able to capitalize on their ability to use social media effectively. Anyways, even with all the difficulties and sacrifices that come along with being a part-time creator, having a creative outlet and a platform to speak out on is invaluable which is something you wouldn’t find in your day jobs. 5. BloggingBlogging is probably the easiest and common side hustle on this list. Out of all the people who are maintaining a side job/business along with their day jobs, more than half of them have taken blogging as an option with increase in demand for content writing jobs in the market.Blogging opens you up to various opportunities and advantages,It allows you to be creative as From writing to photography to picking out the perfect theme, blogging lets you use your creative talent in a way most side hustles don’t.It is good for introverts as you can easily express your ideas and explore your creative self without any fear. It's just you and your computer a lot of the time and you can really enjoy sitting, thinking, and writing your stuff.Blogging is extremely flexible as even if you post 5-6 posts in a month, you can still earn a significant amount if you have a good audience base.Blogging lets you help people as most people read blogs to learn something. Whether you blog about cooking, decorating, crafts, finances, or fashion, you’re showing your readers how to do something and helping them improve their lives for the better. ConclusionYour side hustle can help you make some extra money each month. But it can also help you develop new skills, build your personal brand or portfolio, and achieve more freedom. So, have fun with it! Take a risk by starting a business or pursue a new hobby you’ve always been curious about. A side hustle is your best opportunity to live life on your own terms. And with some more money in your pocket, there’s nothing stopping you from making your dreams come true.