Freelancing — Probably one of the best ways for college students to start making real money for themselves from the dorm room is by freelancing. By offering a freelance service you can do online, you give yourself the freedom of setting your own workload and schedule while meeting the very real (and very valuable) needs of other online entrepreneurs. Freelancers can be writers, editors, graphic designers, virtual assistants, web designers, and more!
If you own a home and have extra space you're not using in your garage, or maybe a side driveway, you could rent that space to people that need to store their boat or RV. The website JustPark.com allows you to rent out your driveway or garage to others and collect payment online. It's very easy to use and a great way to make some extra money on a space you don't use.
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!)
For an instance, I had a college mate who had an amazing skill of coding, being into computer science engineering itself an experience with this field would have graced her certificate, but being in a Gurukul, we never had many opportunities to get out of the campus and apply. Hence, she began her hunt on ‘Internshala’ where after accomplishing one project they gave, she started working as a coder with a startup company and a technical writer, and she got certified for her skills and knowledge while getting paid with an average stipend as well.
One of your first options to make money in the area surrounding university is a part-time job. Most universities are located in areas that abound with retail stores, and therefore, retail jobs. There is also the option of a local pub or restaurant. This may require you to be a little more flexible with your schedule, but is a steady source of income.
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.
One of the best ways to get started investing in real estate is to buy a house in college and rent out the other rooms to roommates. One of my best friends did this – he bought a 4 bedroom house his freshman year and rented out 3 of the rooms. The rent from the roommates covered the rent and all the expenses, and he was able to pocket a small profit each month. By the time he graduated college, he had two rentals and a house for himself.
Blogging is a great side hustle because you can do it at your own pace anywhere you want. It's not a quick and easy way to make money, but there are a lot of ways to make money side hustling while blogging. You can sell advertising, become an affiliate for other people's products, sell your own online product, and more. It does take time to build up an audience to be able to make a decent amount of money, but once you have a large following, you could earn over $15,000 per month or more (we do).
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.
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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.