9 Ways College Students Can Create Multiple Streams of Income – Are you having trouble paying for college? If you’re like most students, the answer to that question is yes.
College tuition rates have been rising rapidly in recent years, and it can be difficult to pay for your studies without going deep into debt or taking out a loan.
1) Sell your extra things
So you’re not in college yet, but you’ve still got a bunch of things lying around that you don’t need or use. Maybe your bike is collecting dust in your garage, or you have some clothes sitting around that nobody wants to buy at consignment stores.
Why not sell those things on Craigslist? That way, when you do head off to college and live on campus, your dorm room won’t be packed full of unnecessary junk! If your stuff doesn’t fit into your space at home, maybe somebody else can make use of it.
You might even get enough money from selling things to pay for a few extra dining hall meals here and there. And if nothing else, it will help declutter your life so you aren’t lugging boxes up three flights of stairs after graduation. #moneymoneymoney A Frugal College Student:
9 Ways College Students Can Create Multiple Streams of Income
If you’re trying to save as much money as possible for college (or simply don’t want to blow all your cash on beer and pizza), consider creating multiple streams of income during high school. There are plenty of opportunities available—you just need to think outside the box a bit.
2) Get an in-demand skill
Do you have a particular skill set, such as writing? Now’s your chance to market that to an employer.
Consider packaging your services into a package and charging for them; if you know how to write, you could offer content creation in exchange for commissions on sales. With any luck, your talent will be recognized and before long you’ll be up and running as an entrepreneur with multiple streams of income!
Another way of creating Multiple Streams of Income way is through affiliate marketing. This entails promoting someone else’s products or services in exchange for a commission when someone purchases them.
Another way is through creating your own product or service and selling it directly to consumers (perhaps via your own website). Either way, it takes time to build up multiple streams of income. However, once they start generating cash, you can rest assured that they will continue doing so for a very long time.
Various sources are also more likely than one source – some businesses fail because they don’t have enough sources by which to generate revenue. So don’t put all your eggs in one basket!
3) Start a blog/vlog
It’s never been easier to start a vlog or create a personal brand. It doesn’t take much to start, either: A cheap smartphone and some free video editing software can be all you need to get started.
Since starting a vlog is so affordable and easy, students might be tempted to make one for fun rather than trying to earn money.
Before you do that, however, think about how your efforts could translate into multiple streams of income.
If you have an audience that would actually be willing to pay for your content (like makeup tutorials or educational information), there are plenty of ways you could capitalize on it—whether through advertisements on your vlog or linking out to products from Amazon and making a commission off sales.
4) Take paid surveys on your phone
Survey sites are an excellent way for college students to earn extra cash online. You’ll be asked to give your opinion on a variety of different topics, from political issues to new products.
Earning money with paid surveys is easy and doesn’t require any special skills or knowledge other than that which you have as a typical Internet user. However, it can be time-consuming depending on what kind of survey you’re taking and how quickly you’re given new tasks.
Try Panel Place for paid surveys via your phone, though there are plenty more survey companies out there that will also pay you in exchange for a few minutes of your time!
5) Become a social influencer
Becoming a social influencer is an excellent side hustle because it allows you to make money online while also having fun.
Many brands, small and large, are interested in working with social influencers because they can use their influence to potentially get more exposure to their products.
This works well for everyone involved. The brand obviously benefits by getting publicity for its products, and you get paid for promoting them!
Your audience will also find you more credible because they know that you aren’t just promoting a product because you were paid to do it.
They trust your opinion and will be more willing to listen when it comes time to consider purchasing your recommendations.
6) Upload videos to YouTube and Tiktok
Having a YouTube channel and Tiktok is an excellent way to gain more attention and multiple streams of income.
Uploading videos consistently, while interacting with viewers, is one way to build a sizeable audience.
If you have time and really enjoy it, you can also try running ads on your videos. Earning enough money through ads to cover hosting costs will get you off to a good start and help you create multiple streams of income that could be sustained into adulthood.
Selling products or offering paid services are two other ways students have been able to create additional streams.
Depending on your niche, website traffic may be more critical than actual views – which usually aren’t worth as much in terms of advertising revenue anyway – so experiment with various options until you find something that works for you.
7) Create an Etsy shop
An Etsy shop is a fantastic way to earn money selling handmade items. It’s easy to start an Etsy shop, and even easier to manage one.
You simply make an account, list your items for sale, set your prices and decide how you want to ship them.
You’ll need some supplies at first – things like an idea notebook, business cards, and a few buttons with your logo on them are necessities. But after that, it’s just about filling your store with what you love making!
8) Get paid to take photos
There’s a reason Instagram users—some 1.4 billion and counting—aren’t afraid to post unedited photos.
And it’s not just because they all have perfect skin, nice hair, and enviable wardrobes. It’s because they see themselves as artists, capturing one-of-a-kind moments for all to see.
Maybe you don’t have dreamy vacation destinations or luxury cars on your wish list for next year, but you could start a business taking photos of people who do.
If you’re handy with a camera, start by offering to shoot pictures of friends and family members for free. Once you get some samples under your belt, try pitching local businesses on a family photo shoot special. Offer up front to take extra shots that could be used in marketing materials or shared via social media.
If you can prove yourself as someone who can deliver beautiful images at an affordable price (and keep everyone looking good), word will spread quickly among families in need of great photography.
You might even open up an opportunity for paid gigs at schools or community centers where parents want professional portraits taken of their kids performing in plays, sporting events, and other activities.
9) Start a podcast
Podcasting is one great way to start making money as a college student. Whether you’re into comedy, music, or discussing issues and events going on in your city, podcasting can be a fun hobby that could help you make some side cash.
Building a podcast is an awesome way to start multiple streams of income as a student.
There are plenty of resources online that offer advice on how to begin, but here’s what I did when I started my own show. The first, thing is to do some market research.
Your podcast will be on marketing the products and services your target audience consumes.
The easiest way to determine your target market is by using Google AdWords’ Keyword Planner tool (it’s free).
Once you have a list of potential keywords, you can use Ahrefs’ Site Explorer tool to see how many people are searching for those terms every month. This will help you know if it’s worth pursuing or not.
After doing all that research and the volume is high, you can decide it was worth starting a profitable podcast because of a large number of people searching for podcasting tips each month—and they weren’t finding much!