Have you ever seen those roadside stands around Valentine's Day and Mother's Day? You know, the ones selling flowers and treats? Well, that could be you. As a college student, just head down to Costco and buy some flowers and holiday candy. Then, get permission to setup a stand near a busy intersection or on the side of a road. You'll double or triple your initial investment every holiday.
There are plenty of offers that claim to provide you with the opportunity to make thousands of dollars a week. Unfortunately, none of these businesses will provide that sort of income, but they aren’t scams either. They were chosen because they all require a minimum investment to get started — some require nothing more than a flyer advertising your business. Even better, if you do enjoy any of these businesses, there is a potential with most of them to continue to expand — perhaps even to the point of going full time.
Similar to investing, peer-to-peer lending is where you loan money to someone else, and they pay you back with interest. The great thing about peer-to-peer lending is that you can lend as little as $25, and your loan will get bundled into a bigger loan for the borrower. Each month, they'll pay you back principal and interest. You can snowball this initial investment into many investments because you get your principal back as well each month. Many lenders earn over 5%-7% on their investments. Check out Lending Club to get started.
But that was 2007, and quite a bit has changed since then. Where a side business was once a novel idea, it has since become much more mainstream. According to the Bureau of Labor Statistics, freelancers now make up around 15% of the workforce, compared to only 7% in 1995. And the trend isn’t expected to stop here. The BLS reports that freelancers and self-employed individuals may comprise 20% of the workforce by 2020.
First off, I’m a blogger so it seems wrong not to mention it, but more importantly, it’s a legitimate way to make money. It’s quite possibly the least straight-forward way on this list, but it’s very doable and it’s also quite possibly the funnest way on this list. I love blogging and I know hundreds of bloggers who feel the same. So let’s talk about making money blogging and what it really means.
If you're an artist and have a knack for graphic design, you could do online design work for websites and businesses. This could be everything from making small graphics for advertisements to full site redesigns. To get started, check out a site like 99Designs, where you can enter design competitions and if you're selected as the winner, you get paid.
If you’re adept at woodworking and have some basic equipment, it’s easy to get into business making deck furniture. It only requires a few items – a saw, a drill, a sander – and some creativity and passion for working with wood. If you have the tools or just want to turn your hobby into a business, this may be a great small business idea for you. In addition to creating new items, you could also focus on repairing existing wooden furniture or woodwork.
If you have anything you don't use anymore, and it's too large to sell online, Craigslist should be your go-to place to sell stuff. In college, you may want to sell all your furniture before moving home from school at the end of the year. Depending on what you own, a few $100 might be better than storing it or transporting it back with you. It's easy to setup a listing and sell anything on Craigslist.
There are several websites offering money to undergo online surveys, carry out online searches, and write reviews on products. To get the credit, one needs to disclose certain information to them including one's banking details. This is why you should use this route with utmost care. Some of them may even ask you to register with them before working on projects. The most important watch out in such projects is to stay away from websites offering money that appears too good to be true. Be careful while evaluating the reputation of the website as many of them could be a scam. Most sites promote businesses showing copies of cheque payments which may have been given to the middlemen only.
When people go on trips, they’re often concerned as to what will happen with their pets. That’s where you step in — offer yourself as a safe place to leave their pets, or be willing to go to their home to take care of their pets. In many cases, people are more than willing to pay a qualified pet sitter in order to avoid sending their pet to a professional kennel.
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.
Amazon is more than an e-commerce, Here you can earn money also to support your studies. First of sign up to Amazon mturk India. Getting an approval of Amazon mturk not an easy task. You have to try at list twice or thise, as soon as you able to work in Amazon mturk you can get micro work and earn up to $50 doller each day. You can invite your college group by share same work to them.
This kind of work is executed in almost every city, and we call them ‘retail shops’. So, here we will come up with the same in our college, a tip for this is; ‘wholesale market’. Buy a bulk of stationery or any other stuff you think that can be used in your college and would be of major use to the fellow survivors, and sell it for the market price or a little less if it brings profit.
Not all business owners are tech savvy but the need of the hour is to have a website of their own. Those who have a knack for all- things- tech, especially related to websites, can help small businesses set up their own websites and earn from it. Coding and web designing are the essential ingredients in setting up websites. Further, websites need maintenance and may require frequent updates, which may add to one's revenue. Depending on the client and job, a single project can fetch you anywhere between Rs 20,000 and Rs 1 lakh.
Not just via your old notes you can help your juniors by providing them with tutoring sessions, and make money with it. You can also choose the online tutoring option like Preply for earning money, in a subject with the number of views and download one gets. You can give tutoring lessons of some musical instrument or dance form, coaching is for anyone who holds cognition about something that people would be keen to learn. This is the best way to earn money, as I frequently discuss this in my write-ups. For every person there comes a different way of coaching, one can also become a home tutor. Many parents search for home tutors all the time.
You can even offer to sing a happy birthday song, create funny videos of yourself, and do more off-the-wall tasks. Marketing your skills is critical to reach out to your potential clients. Landing the first job is important as one job will lead to another sooner or later. If a client likes your work leave good feedback on your work, you can attract more clients. You can get more orders from existing clients if they were happy with your previous work. Popular microgig sites include:
You can negotiate the rates with your employer and oDesk ensures your wages are paid on time. This is the famous oDesk guarantee, which has made the website a favorite among freelancers. When you first register on the website, you will be required to complete a few tests before you can bid for projects. Majority of the projects on oDesk are done by Indians, Pakistani’s and Bangladeshi’s, while those who post work are mainly from the United States and Europe.
One can start Manicure and Pedicure services for the hostel mates, doing it at cheaper rates than the parlors. This is done in mostly all hostels especially in the ones away from the main city and accommodating the bulk of students. There are various other things that can be done like laundry services for the vicinity people. If it’s not a closed campus than a person can help many people living in the locality with such services. Like hauling and cab services, cleaning services and so on. There are tasks that can be done; all you need is to think of the one which can suit you the best.
25. Products – You can create your own product, such as an ebook or computer software. You would then use your blog as a promotion tool to get people to buy your product. As long as you create a legitimate product with a whole lot of value, you should be able to get some buyers, but like everything else with a blog, you’ll need the traffic to get the sells.
If you want to sell products online, you may can it by creating your own website. As there's lot of competition and several existing websites in place already catering to this market, an attempt to create a niche in terms of products may be considered. Or, you can use the platform such as Amazon, Flipkart to sell. One can increase reach and visibility through affiliate marketing.
Becoming a VA can entail some degree of training or briefing, depending on your qualifications. However, if you have good communication skills and are capable of using applications like MS Office, you can just sign up on sites such as Elance.com, 24/7 Virtual Assistant, Assistant Match, eaHelp, Freelancer, FlexJobs, People Per Hour, Uassist.Me, Upwork, VaVa Virtual Assistants, Virtual Staff Finder, Worldwide 101, Ziptask, Zirtual and so on. A VA my expect earnings in the range of Rs 500-Rs 4,000 per hour.
Continuing on the trend of selling stuff from your body, did you know that you can sell your hair? People actually will pay money for your hair – long hair, short hair, even men's beards. BuyandSellHair.com is the largest online hair marketplace, where you can post a listing of your hair and other people around the world will contact you regarding your listing.
Search for freelance writing and editing gigs. The rates for these jobs vary: you may be paid by the word, be offered a flat rate for a project, or in some cases can be paid an hourly rate. You typically won't be able to retain copyright over your work or collect royalties, however. Even so, by doing freelance work you can build a portfolio and make valuable connections which may later pay off with more stable job opportunities.