College students, including myself many years ago, are always looking to earn money or save money somehow or the other. The main aim is to spend as less and save as much as possible. With the study workload sometimes, it gets challenging to actually earn from working part-time jobs on the side as you have almost no time.
On the other hand, passive income requires students to put in little to no effort, which eventually helps them earn some money. This will help you earn a lot and give you more time for studies and other activities you would like to do.
If all goes well, you could pay off your student loans and cover all your living expenses.
1. Blogging
Starting a blog is a fantastic way to earn passive income by writing about something you love. You can blog about almost any niche, including finance, travel, health, lifestyle, and food.
There are many ways to make money through blogging, such as affiliate marketing, online courses, selling e-books, or consulting services. FlexOffers is a platform I use which has 12000+ advertisers to choose from. It is something you should definitely check out.
You use affiliate marketing by placing referral links on your websites so that you could get paid every time someone clicks on that link. For example, in some cases, your viewers have to purchase something to earn money on Amazon and eBay.
Another way is to sell online courses and your very own eBooks to people who visit your site. Bluehost is one of the best web hosting services, and it is pretty cheap.
You could do this if you like teaching and have experience in a particular aspect of a subject. This is an incredible way to make money, depending on your niche. Many bloggers do make it seem as if it is super easy, but all in all, blogging requires significant effort.
You need to work on your blog and post around 2-3 posts per week. Starting a blog is the most challenging part and takes much willpower to continue, and at times you might want to give up. The result is more than impressive and believes me, and you will succeed eventually.
2. Make YouTube Videos
Logan Paul, ever heard of him? Well, he earns a living through YouTube videos helping to entertain viewers. You can earn a reasonable income from YouTube; in some cases, the income generated is absolutely astonishing.
You could create videos to educate people by teaching a particular subject or vlog about your day. After promoting your YouTube channel online, you could join the YouTube Partner Program, which helps you earn money by displaying ads on your videos.
You could sell your own merchandise on your channel or promote other brand’s products by partnering with them.
3. Investing
I will agree that the term investing sounds too frightening, but it is one of the best ways to earn a passive income. Most people are too afraid even to invest as they prefer saving money at a minimal interest rate.
However, if you make the right investment choices, you could flip 1000 into 2000 or more. There are many ways to invest, including investing in stocks, real estate, acquiring shares, or loaning money.
If you are new to investing, you should try using Robo advisors to invest. These are platforms that use algorithms to build a portfolio and cater to your investments.
Typically, Robo advisors use a survey and use the data to offer advice regarding investing. You can devote yourself to investments towards real estate, but considering you are college students and do not have the resources to do so, maybe try earning money from home.
You will find investing a bit tricky and risky, but it has its long-term benefits. It would help if you started early as you have more time to grow, learn, and make mistakes. Eventually, you will be able to make the correct decisions. You might as well get out of debt right after graduating.
4. Start A Small Business
Whenever someone says business, it does not seem like a plausible task, especially for a college student. It does not matter you can become an entrepreneur at any stage of your life, but only if you plan it correctly and adequately.
You could develop many businesses, such as making an online course, selling your artwork, selling your pictures, or selling your services. If you are a fitness junkie, you could create workout routines, post them on your website or make videos about them.
Most of these services require a one-time effort required to be put in. In most cases, you can hire people to do most of your job’s websites like Fiverr and Upwork can help with that.
You can also sell your services to these websites, including selling your copywriting services, repair services, freelancing services, SEO services, etc. For ideas regarding businesses, you should go after your passion and what you are good at.
5. Rent Your Car
Do you want to earn cash in the comfort of your home? Then renting your stuff is one of the best ways to do it. You could rent out your car if you do not use it with Getaround, a service that allows owners to rent out their vehicles for cash.
You can register and rent out your car at the time of your choosing. It is a fantastic way to earn quite a lot of cash with little to no effort required.
6. Sell Your Work
Are there things at your home that you could sell for some money? You could sell your art paintings through social media or to someone you know. You could promote your paintings on social media platforms to get recognition and to be able to sell them to the highest bidder.
If you are a good storyteller, you could write a novel and publish it through Amazon Kindle Direct Publishing. This is a great income stream that you could keep earning from time to time. You could write about any genre, but it is best to write about something you are incredibly interested in.
If you have handmade stuff at home, you could sell your crafts on Amazon, Etsy, eBay, etc. These tend to help you earn a decent income stream while having to make little effort.
Suppose you are thinking of deleting pictures off your phone WAIT! You could sell your pictures for money on various platforms such as Adobe Stock, Shutterstock, Fotomoto, Snapped4u. These platforms allow you to promote your product, and you usually get a percentage after someone purchases your pictures.
7. Become An Influencer
With social media platforms like Instagram and Facebook, you could become an influencer and earn passive income on the side. You could start by building your rapport or brand of a specific niche you want to promote.
Once you start getting an audience for your posts, most brands will directly reach you for brand promotions. You could earn quite a lot just by promoting these brands via affiliate links or other means necessary.
Conclusion
College students are always looking to earn money from somewhere or the other. Sometimes, working a part-time job is challenging with studies. You can earn passive income while studying and enjoying your student life. You could pay off your student loans and any other forms of debt, eventually saving for the future.
There are other ways to earn quick money, such as taking surveys watching videos, etc. In the end, being able to earn a significant amount as a student, in the end, helps you out in the future and your life.
