The Best Passive Income Ideas for
Students: Ways to Make Money While in College – Part 2
Passive income is earned money from sources that don’t
require you to actively work to get paid, so it can be a great way to bring in
extra cash while you’re in college. Whether you need money to help pay off
student loans or simply want extra spending money, there are plenty of passive
income ideas out there that you can use. Below are ten of the best passive
income ideas for students.
Let’s get into this article and
let me help you to know about some Best Passive Income Ideas for Students, Ways to Make Money While in
College,
This is Part 2, do check out
our part 1 here -
1) Sell
on Etsy
Etsy is a great platform for selling handmade or vintage
items, and it’s especially popular with college students. Setting up an Etsy
shop is easy and only takes a few minutes. You can start with just a few items
and see how it goes. If you’re successful, you can expand your inventory and
maybe even quit your campus job! Set up your own business as a freelancer:
Freelancing has been gaining popularity as the millennial
generation moves into adulthood. There are tons of ways to go about starting a
freelance business; I recommend using platforms like Fiverr or Upwork (formerly
oDesk) because they provide you with access to all sorts of jobs on one website
and make connecting with potential clients easy.
Design T-shirts online: Sites like Spreadshirt allow anyone
to upload their own designs for sale, which means that if you're creative,
someone out there might be willing to buy what you have to offer!
2) Sell
Crafts at Craft Fairs
One of the best ways for students to make some extra money
is by selling crafts at craft fairs. You can make anything from jewelry to soap
to candles and sell them at these fairs. This is a great way to meet new
people, learn about different cultures, and have a lot of fun while making some
extra money.
To get started, you'll need to find a craft fair near you
that you can participate in. Once you've found one, sign up and start creating
your products. When it's time for the fair, set up your booth and start selling
your wares. You may want to have a few friends help you out so that you can
take breaks throughout the day.
3) Become
an Influencer
As a student, you already have a built-in audience—your
peers. And what do your peers use more than anything else? Social media. With
that in mind, one of the best passive income ideas for students is becoming an
influencer. Here’s how
One platform where you can easily become an influencer is
YouTube. Why? Because in addition to just uploading videos and getting
discovered like other social media platforms, YouTube also allows its users to
monetize their channels by running ads and partnering with brands.
If you can build up a sizable following on your channel (or
multiple channels), it might be worth talking with brands or even running some
sponsored content yourself! If any of these options interest you, definitely
check out our How to
4) Create
an Online Course
If you're looking for the best passive income ideas for
students, creating an online course is a great option. Not only can you make
money while you're in college, but you can also continue to make money after
you graduate. Plus, creating an online course is a great way to share your
knowledge with others and help them achieve their goals.
All it takes is some time, creativity, and a little
technical know-how! A few examples of
online courses that are currently being offered are: How to build a website by
Jon Morrow, Computer Programming - Learn To Code by Julie LaBouvie, and
Photography Basics:
The Ultimate Guide by Matt Granger. And if you don't have
any experience or qualifications? No problem! Just start learning how to create
your own course on Udemy (it's free!)
5) Sell
Homemade Decorations on Fiverr
1. There are lots of opportunities for making passive income
while in college. One great way is to sell homemade decorations on Fiverr.
2. Fiverr is an online marketplace where you can sell your
crafts and services for a set price of $5.
3. To get started, create an account and set up your gig. Be
sure to include clear photos and descriptions of your products.
4. Once your gig is live, start promoting it on social media
and other online platforms.
5. You can also distribute flyers around campus or post them
in local businesses.
6. When someone orders your product, be sure to deliver it
promptly and as described.
7. With a little effort, you can start earning some extra
cash with Fiverr!
6) eBay
Business
eBay is a great platform for selling items online. You can
start an eBay business with little to no upfront investment and make a decent
profit. Plus, it's a great way to declutter your dorm room or apartment! Here
are a few tips for getting started
Starting an eBay business doesn't require much up-front
capital, either. Just purchase inventory as you need it and ship your products
using inexpensive shipping supplies.
If you don't want to keep any inventory on hand, consider
offering a consignment service where you'll act as middleman between sellers
and buyers who bring their merchandise to you instead of keeping them in stock
at home or in storage.
Shipping may be one of your biggest costs when running an
eBay business so buying bulk shipping supplies is often wise if you're not
starting from scratch with packaging materials like boxes and labels. If some
of these expenses seem high for someone just starting out on a tight budget,
consider sharing resources with another seller by splitting boxes, envelopes
and mailing equipment like postage meters.
7) Rent
Your Clothes on ThredUp
Renting your clothes is a great way to make some extra money
while you’re in college. ThredUp is a great option because it’s an established
platform with a large community of users. Plus, they take care of all the
shipping and logistics so you don’t have to worry about it. Here’s how it works
. You sign up as a seller on their site and fill out your closet with clothes
that are clean, ready-to-ship, and no more than 3 years old. After that,
there's nothing else to do! Every time someone buys one of your items, you'll
receive payment within 5 days via PayPal or check. And best of all? Your items
will be picked up by their team who will handle everything from there
(including selling on their site).
8) Sell
Your Knowledge With A Skillshare Class
Teaching a Skillshare class is a great way to make some
extra money while in college. And the best part is, you can do it entirely
online! That means no class preparation or having to be in front of a group of
students. Plus, you can make your class as flexible as you want-teach it live
or pre-record it. The sky's the limit! Here are some tips on how to get
started:
1. Choose a topic you're passionate about and have knowledge
in
2. Research other Skillshare classes to get an idea of
what's already out there
3. Create an outline or script for your class
4. Record and edit your videos
9) Write
eBooks
There are many ways to make money while in college, but one
of the best ways is to write eBooks. You can earn royalties from each eBook
sold, and if you manage to write a bestseller, you could make a lot of money!
Plus, writing eBooks is a great way to build your portfolio and learn more
about the publishing process. Here are some tips on how to get started -
Develop an idea and outline
- Research market trends
- Decide on genre (including romance, thriller, sci-fi)
- Research bestselling authors in your genre
- Figure out pricing
- Set up an account with KDP or Amazon
Make T-shirts: Making T-shirts might not be passive income
because it requires some work upfront to design the shirts, print them out, and
ship them off to customers. But depending on how much time you spend on it
every week, it could still be worth looking into as a side hustle.
10) Buy
Vending Machine
One of the best ways to make money while in college is to
invest in a vending machine. Vending machines are a great passive income stream
because they require very little maintenance and can be left unattended for
long periods of time. Plus, they can generate a decent amount of income,
especially if you place them in high-traffic areas.
Here are a few tips for getting started with vending
machines
1) Do your research. Find out where you need to purchase
your vending machine from and how much it will cost. Find out about any taxes
or licensing fees that may apply to your area. For example, in Chicago it costs
$250 per year for a license (and this has to be renewed every two years).
2) Know what products sell well at universities so that you
don't waste money on snacks or drinks that don't sell as well. 3) Be aware of
the location of your vending machine before committing to anything - try not
placing it near any other vendor who sells similar items (this could cause an
issue when customers have limited funds).
If you liked our list of some of the Best Passive Income Ideas
for Students, Let me know in the comment section.
Also, check out our more blogs on lifestyle and business trends and tips and get started with your new stunning life journey. Stay updated here – www.wiseonstyl.blogspot.com
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