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.
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.
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 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.
Kinda like eBay IRL, clothing consignment shops are havens for the thrifty and fashion conscious. Take your old prom dresses, dress khakis, and other gently worn items and see what kind of cash you can get. (You can even bring in that new dress you've had for four years but never worn but keep saying you'll wear someday...it's time to let it go.) You typically won’t be paid until the items sell, but depending on the quality of the piece, you could earn a pretty penny. Though most consignment shops carry your favorite mall brands, you’ll also find some selling just higher-end stuff, so make sure you know what kind of merchandise the store is looking for.
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.
Continuing on the trend of selling stuff from your body, did you know that you can sell your hair? People actually will pay money for your hair – long hair, short hair, even men's beards. BuyandSellHair.com is the largest online hair marketplace, where you can post a listing of your hair and other people around the world will contact you regarding your listing.
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.
As for other tips, all I can say is “a penny saved is a penny earned”. If you are running out of ideas to make money, start saving. Some quick “low hanging fruit” tips to save some quick cash include – switch to MetroPCS or Boost for cellphone (I only pay $20/month), switch auto insurance to Insurance Panda ($25/month), and start using GasBuddy (saves me like $100/month at least. I drive a lot).
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Hello Megan, my name is Mercedes Pacheco. I am currently a senior at the University of New Mexico. I will be graduating this May with a bachelor’s degree in Psychology, with a minor in Communication and Journalism. Being that last semester was my final seamster being a student athlete, my schedule has opened up a lot. I am looking for work now and I would love to be apart of your team. Learning money and behavior patterns surrounding money is imperative to someone coming newly into the “adult-world”. It would be an honor to get in touch with you.
A lot of students choose to use their art for earning money. If you are good at arts and crafts, you can sell handmade, customized cards to people. You will find a large customer base in your college itself and you can use college events to exploit the option. Keep track of events like valentine's day, prom night and teachers day and approach different colleges to allow you to put your stall which will maximize your sale.
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.