Similar to e-commerce websites such as Amazon and OLX, a peer-to-peer (P2P) platform is a marketplace for money lending activities. You can lend money to others in a more organised and structured manner using the P2P lending platform. The P2P platforms have the recovery process in place and one should understand it before using the services of the platform. Since this is an unsecured loan where there is no face-to-face interaction, a P2P lender needs to be aware of the risks involved. Currently, the interest rate earned can be anywhere from 13 percent to 30 percent.
oDesk helps connect individual developers and freelancers with small businesses. Businesses post projects which individuals can bid for and complete in a stipulated time period. If you have skills such as web designing, logo designing, know how to build and maintain WordPress websites then you can easily find a job that pays US$ 5 or Rs 300 per hour.
Reselling textbooks — This is a great way to bring in some money. When you’re done with a textbook, see how much it’s going for online. You can even compare that price to what the booksellers on and around campus are offering, and see which one gets you the best deal. (Buying used textbooks online is also a great way to keep more money in your pocket each semester!)
Opening your shop, listing products and prices takes less than 30 minutes. It costs $0.20 to list one item in your shop for 4 month (or till it sales) and Etsy takes 3.5% commission from each sale you make. Mind that fact when setting up the prices. Shipping costs are either to be covered by you or by the buyer (you can set the rates depending on the buyer’s’ location e.g. free shipping around US; $10.99 shipping to Europe).
If you are particularly good at somethings, say map design, capable of creating a series of video lessons, you can become a tutor at SkillShare. You’ll be in good company with folks like Seth Godin and James Franco among others. SkillShare tutorials and 30 days teaching challenge will help you create a winning video tutorial. Your earnings will depend on the popularity of your course, but even low attendance will let you earn some decent money.
Apply for new scholarships and grants. A lot of students think that they are only eligible for funding when they initially apply for admission. This is a mistake! There are often new scholarship opportunities for upperclassmen, though they aren't always widely advertised. You may also be able to apply for external scholarships or grants, which are offered from groups outside of your school.
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