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.
Living in India one finds earning money difficult, the reason being there’s a critical pressure of career and curriculum as well. My own personal experience holds a similar story of a hectic schedule whilst carving my way to earn my pocket money and managing graduation studies. It all depends on one’s priorities and the kind of work he/she is capable of doing, whether the choices have the positive effect on his/her living or not. I have dealt with numerous questions from youngsters regarding how to earn money in college life and have written a write up regarding the same previously yet, the same doesn’t fit in with the Indian students. So here are 9 best and proven ways for an Indian student to earn money in college life:
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.
A traditional way of earning money in your student life is selling your old notes. This is a one-time money making way yet this can be extended putting in some efforts. Students are always searching for someone who would write notes, make presentation, assignments, practical files and projects for them. This can be your mean to make money and somewhat gaining knowledge as well. Writing notes for students can be paid in accordance to one page basis. This was something a fellow mate in my college use to do and he made some decent money for the same. ClearSlide, Prezi, and Slideshark are some other platforms for making impressive presentations that will help you get paid. There is one flaw in the Indian education system, that is, students can always copy the projects of former batches which presents us with a new way to make money. Utilising the contacts, one can also come up with small shops like the ones which take orders for making presentations, working models and charts. This will also polish, the student’s skills and earn him/her a good pocket money.
Once you have a little bit of money, you need to start investing it. The goal, of course, is to turn your investments into a passive income stream that will pay you for the rest of your life. It doesn't take much to get started. You can get started investing with as little as $1 with these free investing apps. Then, add another $100 each month and you'll grow your nest egg into something powerful.
Recently, we published a detailed article on earning through forex trading. It is a very confusing, and very risky business. But it pays well! You can earn thousands of dollars in a minutes. But you can also lose them just as easily if you aren’t careful. Hence, it is not something for those who aren’t willing to take risks. But interested people who know the workings of stocks can do it. After all, you don’t need to work all day or something. You just need some knowledge, some motivation, and the willingness to take risks. It could definitely turn out to be a very lucrative venture for you.
One of the most commonly explained and followed way, but usually never make properly comprehensive to the reader. When we talk about blogging, it’s acquiring a domain and writing on a specific niche. If you can pen down your thoughts in a specific genre, this is your thing and advertisements like Google AdSense can be a good way of earning money through blogging whilst if you are just a new registration with nil followers and viewers, this will bring no help. In India, most of the people make a mistake by considering writing articles, after going through different website contents regarding that topic as blogging. It indeed takes hard work and is also time-consuming for anyone to take reference from far-famed websites, giving a new explanation to the points they explained, and after all this, awaiting AdSense approval. This usually doesn’t work well and declined by Google, which makes the writer quit sooner than one can think. To have your content be treated as a quality source of information by Google, one needs to maintain ingenuity. There are many things in India which are not discussed by other bloggers, one can write over those issues using a personalized point of view and research in college. Talking about current issues, genuine problems of student life, a specialized research topic, and what not can be written about. When I speak about blogging, which I have myself done; I talk about people who have something unique and veritable to write about. There is a way of expressing, wielding a phrase, and making choice of the topic which will interest the reader. It requires patience to generate followers and viewers.
Another popular site to earn money doing gigs is Amazon's Mechanical Turk. You get paid a very small amount per gig (sometimes as low as $0.05) but you can do these tasks very quickly. For example, you could be asked to identify a picture or type certain text. When I was in college, I used to do these gigs in class and earn money while taking notes.