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.
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.
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!)
Did you know that those people asking for your signature outside the grocery store are typically paid to get you to sign up? Contrary to popular belief, they aren't pushing politics because they care. They are pushing for your signature because they typically get $1-$2 per signature. If you could get 30 people to sign up per hour, you're making $30-$60 per hour. Not bad.
If you're crafty, you should consider selling your stuff on Etsy. Etsy is designed for handmade goods – including stationary, greeting cards, household crafts, and more. The great thing about creating these types of products is that you can do it in your spare time, on nights and weekends. And creating many of these products doesn't take up much space – so it can be dorm room friendly. Don't think there's much money in selling on Etsy? Well, this teenager paid for her college by selling crafts online.
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Online surveys are another great way you can earn quick money online. There are many sites that provide you with available surveys you can fill out. Companies are always conducting surveys for market research and user feedback. And they’ll pay you for it. One great website is Survey Scout. Anyone can join these surveys. Just follow our main article and learn more about online surveys.
You’re responsible, compassionate, and don’t mind giving up your Friday and Saturday nights: you could make a great baby or dog or house sitter. Though there are professional websites and agencies out there you could join, you may have luck volunteering your services to friends or family you already know. (Per usual, be wary of taking money from strangers...) And why not offer to wash the dishes or fold the laundry for an extra $10?
If you have a yard or some space to grow food, you could grow items to sell to your friends and neighbors. If you have enough space to grow a lot of food, you could even join a Community Supported Agriculture – where local farmers and residents pool together to buy and sell fresh produce. This may not make you a millionaire, but if you have enough to sell consistently, it could be a great income stream.
One of the many difficulties faced by students when looking for employment is the lack of experience. You can, however, still use your knowledge to earn some money by teaching your juniors. You can give online tuition on Skype to earn money. Or, you can provide tuition to your juniors at school or your neighbors. Lots and lots of people are doing this to cover up their personal expanses. In some cases, learning from senior is easier than learning from teachers, which is why a lot of parents send their kids for tuition. Students who cannot access the service at school can opt to unblock Skype with a VPN.
If you're an artist, and consistently create paintings, drawings, computer animations, or anything else visual, you could sell your artwork online on a site like Deviant Art. Deviant Art allows users to upload images, and they can elect to sell those images as prints or even special projects like mouse pads and more. Whenever an item sells, the artist will receive 20% of the purchase price. Higher membership levels earn higher royalties.
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: