Submitted by Admin
Having an extra source of revenue can be a huge boon when trying to balance out a student budget. It gives you more cash to spend on things that make you happy, as well as cash that you can start saving up to pay back loans or reach other financial goals.
If you’re looking for ways to earn extra money that won’t take too much time out of your day, here are a few viable options.
1 – Try freelance work
The freelance economy only gets bigger every year. And there are more options out there than many people think. On freelance platforms you can find not only writers, editors, and designers, but also translators, dancers, painters, and more.
If a product can be delivered digitally, chances are there is a freelance market for that product. Doing freelance work can be a good way to monetize a hobby or even a way to leverage the knowledge you’ve already gained from your college education.
The downside of freelance work, of course, is that it often starts slow. It takes time to build a reputation and a client list. On the flip side, if you spend your college years doing freelance work, you may be in a position where you can go freelance full-time by the time you graduate.
2 – Start an online store
It may sound like launching an online store is too much work for a student, but those days are long gone. The rise of eCommerce platforms combined with the popularity of drop shipping as a business model creates an environment where you can start a store from scratch in a few days with minimal investment. And running a small store only takes a few hours a day.
Of course, figuring out how to make an online store succeed is a lot more work. Here’s where you’ll need to learn more about business and marketing. You’ll also have to choose the right dropshipping suppliers with USA based warehousing centers. Once you’ve done your homework, actually running the store isn’t too time-consuming. And this is yet another side hustle that can grow into a full-time job later on.
3 – Take online surveys
There are plenty of websites out there that will pay you just to get your opinion on things. Paid surveys don’t yield a lot of cash per hour, but taking surveys is something you can do while watching TV shows on the couch, so it balances out.
4 – Become an online tutor
Online tutoring is another market that has been growing over the years. And tutoring platforms love to give work to college students who have a talent for teaching and dealing with kids. You won’t earn as much as a more qualified teacher, but it is a good way to make some extra money.
5 – Get into the gig economy
Working as a delivery driver, driving for a rideshare app, offering personal training services; there are all sorts of gigs that can be done part-time out there. And one advantage of working on a gig is that you often get to choose how many hours you’ll work a day or a week, which gives you the flexibility to build a work schedule around your college schedule.