Busy professionals outsource their laundry more often than you would think. If you live in a dorm or apartment building, you could offer to start a laundry service for all your friends and neighbors. Instead of them having to make their own trip to the laundromat, you could combine their trip with yours, and charge them a small fee for it. Considering you do laundry each week, this could be a great recurring revenue stream.
Barter your services with friends. Do you spend more than you'd like getting your hair and nails done each month? Do you have a friend who can't resist the pastries at the coffee shop or who pays for a personal trainer? Think about what both you and your friends spend money on, and then see if there's a way for you to barter and trade services with each other in order to save money.
Do you have a great idea for a product but don't know the best way to go about creating it? Well, you could submit your idea to Quirky. They'll screen your idea, and if they like it, they'll either develop it themselves or in partnership with a major brand. In the end, you'll get a cut of all the sales from the final product. For some inventors, this has only earned them $1,000s, but others have earned $100,000s through the platform.
College can be a great time to learn the ins and outs of investing so you can become a smarter investor when you begin earning a full-time paycheck. If you don’t have the time to learn about investing, but want to get a head start on building a nest egg so you can retire early, Betterment is a hands-free way to earn regular dividends that can turn a $100 investment into $1 million during your lifetime.
Being a Loan Signing Agent is a great side hustle because you can make $75 to $200 per hour-long appointment working for yourself on your own schedule. Retired people, working professionals, and students can be signing agents and earn extra cash when they want. The best part is you need nothing more than a notary commission (which can often be attained by simply filling out an application)!
Finally, if you want to continue to make money beyond college, and setup multiple income streams for the future, you should always reinvest some of the profits into your business to make yourself more profitable. This is how you build residual income. How much more money could you make each month if you advertised your business? What if you hired an assistant to handle some tasks so you could focus on others? Reinvesting in your business is a smart move to make more money in college and beyond.
I surprisingly get a lot of people asking to detail their car. I never intend to make a business of it, but I love doing it to my cars and people ask me to do it to theirs. All it takes is a cheap orbital buffer (mines a used craftsman) and a shop vac. I normally get easily $100 for a basic wash/wax/vac, or $200 to remove scratches and polish then wax the car.
Talking about another example here, a senior of mine in some other college had some financial trouble at home. Paying the college fee was somehow, becoming arduous hence, he thought of a way to teach youngsters piano, which he had learned 5 years before. In his after college hours, he gave lessons which earned him 700 per students. Within a month 20 students enrolled in his classes.