5 ways to earn an extra income if you’re a student
There’s no denying, life as a student can be financially tough. As the student loan runs out, you find yourself eating concoctions that you’d feel bad feeding to a starving dog. How about earning an extra income?
There are quite a few different ways that are accessible to anyone. So we created this article to show you how to make money as a student. You’ll be rollin’ round your campus like Floyd ‘Money’ Mayweather in no time.
If you have an interest in fashion, this will be right up your street.
There are sites like Teespring and Teemill which make it easier than ever to start your own online clothes shop.
All you must do is decide on a particular design, and place the t-shirt in your online shop. When you receive an order for one of your cool designs, the company hosting your online shop will print the design on the merchandise, and send it to the customer. They then send you a cut of the profit.
Here are a few simple steps to follow to help make this process a success:
Potential income rating: 3 out of 5.
Some people searching for ways to make money as a college student have made over £1000 selling t-shirts. But with effort? There are sellers that have revenues of 6 figures per year utilising Facebook ads.
Note: This way to make money for students will be subject to local taxes.
This method of how to make money as a student has recently been brought to public attention by entrepreneur and social media guru Gary Vaynerchuk. He believes that anyone can make $20,000 (£15,500) in a year by selling things on eBay.
His strategy has two different approaches.
Plus the more money you build up in your bank, the higher the price of the things you can buy. This gives a higher margin for profit, and you can also buy bigger amounts of stock to put on eBay. And it’s pretty much a no lose strategy since you already know it’ll make a profit.As time goes on, you will develop an eye for the more obscure things that sell. So when you first start out, search eBay for everything you find, because you may be surprised!
Potential income rating: 3 out of 5
As Gary Vee says, there is money to be made by doing this, but it does take quite a lot of work. But you can make around £15,000 in one year if you are dedicated.
Note: This way to make money for students is a business and will be subject to local taxes.
There is a method for how to make extra money as a student that is right under the nose of every student in the country.
Course books are so expensive, but a necessity for every student. Before you know it, the module has finished and they’ve served their purpose. You’re then buying the next load of books.
But you would be surprised how many people are either too busy, or too lazy to go and list their books on Amazon and sell them on. The books will sit in their room collecting dust.
This is where you come to the rescue!
Start with your friend group, ask them what books they have to sell, and do your research on how much the second hand versions are selling for on Amazon. Then make them a fair offer that is below this price. Suddenly, you’re also helping your friends find ways to make money as a college student.
You then have two options. You can list them on Amazon and try to sell them on there for a quicker profit. Or you can wait until freshers week for the next intake of people taking these courses and offer to sell them all the course books they need at a discounted rate.
This could be a great way of giving yourself a nice quick cash boost at the start of the university year, before moving onto one of the other strategies in this article!
Potential income rating: 2 out of 5
This really depends on how well you are able to network and connect with people. There is a definite need to fill, and you could make a few thousand pounds at certain periods of the year when people need their text books.
Note: This way to make money for students will be subject to local taxes.
The online freelance revolution is in full swing, and it is now easier to find work online than ever before. This is for two reasons:
Firstly, businesses are becoming more and more comfortable with hiring remote workers. There is lots of software available that is connecting freelance workers with businesses, so although you may be thousands of miles away, staying in contact is easier than ever before.
Secondly, it is now easier than ever to start a business. Many people are at the stage where they need help, but they cannot afford a full time employee. This creates a need for people to give them a hand.
As a student, you may be learning a valuable skill and this gives you the opportunity to put that skill to good use. There is a wide range of different skills that are needed from writing, to programming, to design and general admin work.
Having something on your CV is immensely useful when applying for jobs once you’ve completed your degree. To be able to say you’ve successfully worked with a varied client base on numerous different projects will stand you in good stead when going into the world of full-time employment. Not to mention that you’ve shown a great amount of resourcefulness by proving you knew how to make extra money as a student.
Not only that, but you can also work as little or as much as you want, and in many cases you will be able to work in your own time and fit it around your studies.
There are two main websites to check out:
Potential income rating: 4 out of 5.
The world is your oyster in terms of how much you can earn. But you also have to put the time in if you want to earn it. As a student during your spare time, you can maybe earn £500 per month.
Note: Again, this way to make money for students is a business., so any income will be subject to local taxes.
With technology constantly changing, businesses are constantly renewing or adding to their websites.
And it’s important for them that their customers like their new site, it has no bugs, and it is easy to use. Otherwise they can lose a lot of money.
It’s for this reason that numerous platforms have emerged that pay you to test websites or apps. These platforms act as a middleman between you and businesses with a new website, or mobile app to test.
You’re then required to use the website for around 20 minutes, while giving your thoughts during the process, this is then recorded or filmed.
Most of the websites pay around £7 for each 20 minute testing assignment, which at £21 per hour is a decent income during your spare time.
To ensure you are chosen for a greater number of assignments, it is important to sign up for as many test platforms as possible, which we tell you about in a bit. You also need suitable equipment to be able to test the website or app, most of which you may already have. So a PC or Mac for website testing, or an Android or Apple mobile or tablet for app testing.
The webcam on most Macs and PCs will usually suffice, but the microphone isn’t usually powerful enough. So you will need to buy a standalone one, these can be picked up for around £10.
As we said, it’s worth signing up to as many testing platforms as possible. It’s important that you’re accurate with the details you provide, as these will determine the testing projects that you’re given. Below are the most popular platforms.
Most of the test sites pay automatically on a weekly basis via Paypal, so you will need to set up a Paypal account if you don’t have one already.
Potential income rating: 5 out of 5