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.
Maybe you prefer to take pictures versus creating a painting? That's fine, and there are ways to sell your stock photos as well. The Penny Hoarder has a great guide to selling stock photography, and it breaks down step by step how to sell on iStockPhoto or Shutterstock. When you start out, you will earn roughly 15% of the selling price, but it can go up to 50% over time.
You and all five of your roommates have a not-so-healthy love of Mountain Dew. First, maybe switch to diet? Second, turn all those empties into a healthy chunk of change by bringing (rinsed!) cans and bottles to your local recycling center. If you alone drink two cans per day everyday, at an average 5 cents per can, you could have more than $35 at the end of the year, enough for a few weeks of laundry—or a steak dinner.
If you have decent writing skills, then this is definitely something you should try. Article writing is a form of freelancing. But it is much easier, especially for students. You can write articles for money in various places. First of all, you could write for articles the top article directories, such as EzineArticles. You can also join other content websites and write articles there by creating HubPages or writing Squidoo lenses. You can also write for reputable blogs. Write a few guest posts on various blogs for free, and who knows? You might get picked up by another blog owner looking for writers?
Freelancing is one of the toughest, but also one of the best paying methods of earning money. Toughest in the sense that it is hard to get a freelancing job. But once you get one, it’ll be worth the effort. Mostly, hirers are looking for experience, which most students don’t have. But you can increase your chances by joining multiple freelancing websites. Here is a list of the top freelancing websites you can try your hands on. Alternatively, you can do some other freelance tasks which don’t require an internet connection!
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.
These following work ideas are where the true income potential is! This is because you can partake in any of these income streams from anywhere with an internet connection. Even better, you can use your technical skills and these projects to build your portfolio and potentially turn into a long-term income stream that lasts well beyond your college years.