- Date : 26/10/2021
- Read: 5 mins
Here are some ways to make some extra money this festive season.
Money management during festivals can be a challenge. But what if you had an influx of cash during this time? Bear in mind that India’s e-commerce sales were boosted by Rs 290 billion in 2020 during the festival season.
What if you could harness that?
You can start a small local business or even invest in an online one. In some cases, you can invest your money or manage it instead of splurging on the festivities. But the first thing to do is ask yourself: what could people want during the festive season?
How to make money on the side?
Last year, the need for social distancing caused by the pandemic managed to halt big events during the festivals. However, it did bring us closer to our families. Even so, lost jobs and a lack of money muted the festive spirit. But now, things are slowly going back to normal, and knowing about some money-making ideas can be productive.
Related: 4 Ways To Create Additional Sources Of Income
Here’s a list of ideas you can implement:
1. Set up a seasonal business
What can be better than starting a business that takes advantage of the festive season? This Diwali, you can start a company that makes and sells good-quality diyas, candles, lights, etc. You could float a small-scale business that sells eco-friendly puja materials. Or why not sell handmade jewellery?
Similarly, you can invest in a business that decorates houses with beautiful fairy lights. In some states, starting a sweet shop can accelerate your profits during festivals. A cleaning service can also bring in money from those looking to revamp their house. You can use social media to promote your business and bring in some much-needed extra money.
2. Sell your baked goods
Do you enjoy baking? Then why not make your love for baking a source of side income this festive season? Sell handmade cookies, chocolates, or cakes and make some extra money. Everyone enjoys having handmade treats, but many people don't have time or skill to bake all of the different delicacies they'd like to have. This is where you may make a vital contribution to the festive season.
There is a massive demand for baked goods and chocolates during the festive season, allowing you to charge top prices for custom orders. If you like making delectable delights, turn your passion for baking into a profitable company by providing baked goods or chocolates for parties and gatherings. All you need is a microwave/oven, a few simple ingredients, and some innovative packaging. It might be a great way to supplement your income during the festivals.
3. Turn your hobby into a business
Handmade candles and decorative diyas are in huge demand during the festive season, especially during Diwali. If you have a hidden talent, this might be a great way to supplement your income. Advertise your products by word of mouth, social media, etc., and urge customers to order online for doorstep delivery.
4. Gift wrapping and providing decoration services
Gift wrapping may be a profitable side hustle. People are usually quite busy, particularly around the festivities. Profit from this by providing gift-wrapping services. Aside from basic materials, there aren't many requirements to get started. Invest in some beautiful, thick wrapping paper, pretty ribbon, tape, and scissors to get started.
Alternatively, both families and businesses spend a significant amount of time decorating their offices/homes for the festivals. You can help by starting a decorating business for people who don't have the time, energy, or skill to do it themselves. You may make your own decorations if you have a strong sense of style.
5. Event planning and catering:
Are you the personal event organiser for weddings/parties in your family? Why not offer your expertise to others during festivals and make some extra bucks? Event planners often handle location, budget, décor, entertainment, food, drinks, activities, invites, and other elements. If you have skill in one of the above aspects, such as decoration, check if you can collaborate with another event planner, caterer, or institution. Show them images of a previous personal event you've done to give them a sense of what you're capable of.
Starting a food catering business is another excellent way to generate profits over the festive season. Catering services are in high demand since many people are too busy to make the delicacies they desire. So, they'd rather pay to have their favourite delicacies prepared and given to them at celebrations.
Related: Business Ideas For Women Who Want Financial Freedom
Last words
Making money during the festive season can be easy if you understand where to invest. Mentioned above are just a few pointers to help you earn extra money during the festive season. If none of these options piques your interest, don't be afraid to go creative! There are several other ways to supplement your income. Just remember to take some time to relax and enjoy your holidays!
Money management during festivals can be a challenge. But what if you had an influx of cash during this time? Bear in mind that India’s e-commerce sales were boosted by Rs 290 billion in 2020 during the festival season.
What if you could harness that?
You can start a small local business or even invest in an online one. In some cases, you can invest your money or manage it instead of splurging on the festivities. But the first thing to do is ask yourself: what could people want during the festive season?
How to make money on the side?
Last year, the need for social distancing caused by the pandemic managed to halt big events during the festivals. However, it did bring us closer to our families. Even so, lost jobs and a lack of money muted the festive spirit. But now, things are slowly going back to normal, and knowing about some money-making ideas can be productive.
Related: 4 Ways To Create Additional Sources Of Income
Here’s a list of ideas you can implement:
1. Set up a seasonal business
What can be better than starting a business that takes advantage of the festive season? This Diwali, you can start a company that makes and sells good-quality diyas, candles, lights, etc. You could float a small-scale business that sells eco-friendly puja materials. Or why not sell handmade jewellery?
Similarly, you can invest in a business that decorates houses with beautiful fairy lights. In some states, starting a sweet shop can accelerate your profits during festivals. A cleaning service can also bring in money from those looking to revamp their house. You can use social media to promote your business and bring in some much-needed extra money.
2. Sell your baked goods
Do you enjoy baking? Then why not make your love for baking a source of side income this festive season? Sell handmade cookies, chocolates, or cakes and make some extra money. Everyone enjoys having handmade treats, but many people don't have time or skill to bake all of the different delicacies they'd like to have. This is where you may make a vital contribution to the festive season.
There is a massive demand for baked goods and chocolates during the festive season, allowing you to charge top prices for custom orders. If you like making delectable delights, turn your passion for baking into a profitable company by providing baked goods or chocolates for parties and gatherings. All you need is a microwave/oven, a few simple ingredients, and some innovative packaging. It might be a great way to supplement your income during the festivals.
3. Turn your hobby into a business
Handmade candles and decorative diyas are in huge demand during the festive season, especially during Diwali. If you have a hidden talent, this might be a great way to supplement your income. Advertise your products by word of mouth, social media, etc., and urge customers to order online for doorstep delivery.
4. Gift wrapping and providing decoration services
Gift wrapping may be a profitable side hustle. People are usually quite busy, particularly around the festivities. Profit from this by providing gift-wrapping services. Aside from basic materials, there aren't many requirements to get started. Invest in some beautiful, thick wrapping paper, pretty ribbon, tape, and scissors to get started.
Alternatively, both families and businesses spend a significant amount of time decorating their offices/homes for the festivals. You can help by starting a decorating business for people who don't have the time, energy, or skill to do it themselves. You may make your own decorations if you have a strong sense of style.
5. Event planning and catering:
Are you the personal event organiser for weddings/parties in your family? Why not offer your expertise to others during festivals and make some extra bucks? Event planners often handle location, budget, décor, entertainment, food, drinks, activities, invites, and other elements. If you have skill in one of the above aspects, such as decoration, check if you can collaborate with another event planner, caterer, or institution. Show them images of a previous personal event you've done to give them a sense of what you're capable of.
Starting a food catering business is another excellent way to generate profits over the festive season. Catering services are in high demand since many people are too busy to make the delicacies they desire. So, they'd rather pay to have their favourite delicacies prepared and given to them at celebrations.
Related: Business Ideas For Women Who Want Financial Freedom
Last words
Making money during the festive season can be easy if you understand where to invest. Mentioned above are just a few pointers to help you earn extra money during the festive season. If none of these options piques your interest, don't be afraid to go creative! There are several other ways to supplement your income. Just remember to take some time to relax and enjoy your holidays!
