PASSIVE INCOME IDEAS FOR STUDENTS
PASSIVE INCOME IDEAS FOR STUDENTS
From childhood we are made to believe that we can earn money only after completing our education and getting a good job. Although education and a good job are, of course, one of the most important parts of our lives, limiting one's financial possibilities and aspirations as a student, and being totally dependent on one's parents' income is completely wrong and inappropriate. Is. There are many opportunities and ways to earn money as a student in this gifted age of digitalization and globalization. Whether you are a college or school student with no special skills or talents, or an academically below-average student who doubts himself at every step, you need not worry. The 21st century has something for everyone living on this planet, all you need is to be aware, curious and have the ability to seize every opportunity that comes your way.
In this blog, we will introduce you to some passive income opportunities, which can easily combine with your college/school studies, and provide you with enough income to fulfill your desires. Be able to, and have a foundation financially. - Independent.
1. Freelancing
Basically freelancing means that you will be working for a company/organization without getting hired, based on your skills. You will get your payment on project basis.
For example, if you are a good video editor, you can freelance to different companies to meet their individual needs. You get a project, you complete it, and get paid, and the job is done. Likewise, there are hundreds of domains in which you can freelance. Some of the most popular domains are mentioned below.
- > Video editing
- > Graphic designing
- > Coding
- > Content writing
- > Copywriting
- > Translation
- > Social media marketing
- > Web designing and development
- > Search engine optimisation (SEO)
- > Transcription
- > Voice over acting
- > Photography/videography
- > Survey organising
You just need to find a skill that suits you, practice it for a few months so that you are able to handle projects in that domain, create some effective sample works and you are ready to earn. Go! There are about a dozen websites like FiveR, Upwork, Freelancer etc. where you can find thousands of freelance jobs for your specific domain. It may take some time to finally get the job done but patience is definitely the key. Also, if you want to learn any of the skills listed above, you'll find hundreds of paid and unpaid courses. YouTube is definitely a great resource.
Freelancing has gained worldwide attention, especially in the era of COVID-19 when many people lost their jobs. The best part is that you can work whenever and wherever you want as per your convenience.
2. Start a blog / YouTube channel
Do you enjoy writing? Well, starting a blog can be a great source of income for you. However, this will not be an immediate income. Starting a blog in itself will not make you any money unless you monetize it by advertising products on your blog page.
Once you start a blog, you have to increase the traffic to your blog so that more people come and become aware of the advertisements. Search Engine Optimization (SEO) is a skill that will have to be learned and practiced tirelessly to increase your traffic.
Once you have a good number of visitors to your blog, there will be many ways to advertise and make money.
> Google Ads is one of the most preferred sources in this context. After enabling it, ads related to your content will be displayed in your blog. Every time a visitor clicks on the ad, you will get a certain amount.
> Affiliate marketing is another medium where you get permission from a seller to insert a link to their product on your website. Every time a visitor buys a product using a link in your blog, you'll get a share of the revenue from the seller.
> You can also sell your products through your blog. For example, if you have started an educational blog, you can sell your notes, study materials, question banks, etc. through your blog.
Similarly, you can also create a YouTube channel and earn by getting views and ads.
Do you already possess a skill that you have mastered? You can create a course teaching it and sell it through the internet. From cooking to painting and coding, it can be anything.
It will be a booster for you if you create the course in your native language. It will help you fight the competition and will make your course unique.
If you have been good in your academics, or you have the confidence to teach students, you can certainly do so. You can either give private tuitions through offline or online mode, or can connect with other educators or education organizations and help them in teaching, or preparing academic content.
There are also certain online platforms where you can sell your class notes!
4. Virtual Assistance
The work of a virtual assistant varies according to the needs of the organization in which he is working. Typically, this involves assisting the client in the creative, administrative or management dimensions. The best thing about this job is that you are hired by an organization and yet you don't need to be physically present in the office.
As a student, you can practically help people or organizations as their social media manager. You can manage the social media accounts of startup organizations, or anyone else who doesn't have time to promote their own social media. You can create posts, respond to customer complaints, and expand the organization's reach through social media platforms.
You can find many opportunities online in this field. However, a better approach is to email the person or organization you want to work with, address all the details and attach your CV.
5. Publish an E-Book
Create an eBook and this asset will earn you a lifetime!
If you love to write stories, poems or any kind of articles, compile them, design cover pages and publish an e-book on online platforms. You may need to advertise your book initially, but if done correctly, it will earn you a decent amount of money.
The most preferred way to do this is to publish your book on Amazon, as it has a very good number of users worldwide, which makes your job of book promotion a little easier.
There are tons of earning ideas like paid internships, transcription, and even storytelling! Websites like Internshala can help you find many paid internship opportunities that match your skills. There are also some websites where you can earn by solving doubts of students.
If you keep looking, you will find millions of opportunities in front of you. Grab them, start earning, and get you one step closer to better financing.
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