Funding yourself at the University or College is not an easy task. Blending work and studies is really hard for most people. As a student, blending classes, assignments, and social life can be a difficult task. For self-financing students, tuition, textbooks, and everyday expenses pile up, making it difficult to concentrate on studies. Many are on the lookout for ways to earn extra cash without compromising their studies. Fortunately, the digital age has opened up a world of opportunities that allow students to make money online.
Here, We’ll explore 11 ways to make money online as a student while maintaining your academic commitments. Whether you’re looking to turn a hobby into a side hustle or tap into the gig economy, there’s something here for everyone. Let’s dive in and discover how to start making money online today!
11 Ways To Make Money Online As A Student
Affiliate Marketing
Affiliate marketing is a simple way to generate money online. This procedure involves marketing affiliate products for a commission.
You make the commission each time someone purchases the product using your link. Let me illustrate this with an example.
If you market an affiliate product, let’s say a laptop, the affiliate company will offer you a unique link for the product, which you must utilize to drive sales for the laptop. The affiliate company will pay you a certain amount as a commission on each successful sale.
With the rise of social media and online forums, you can utilize these forums to bring your product closer to a potential buyer. Depending on the amount of work and your marketing approach you may start generating affiliate income in some few days with little or no upfront investment.
How to become an affiliate marketer.
- Choose an affiliate platform.
- Choose your niche.
- Plan your advertisement strategy
- Drive traffic to your affiliate product
- Get clicks and convert clicks to sales.
The best affiliate marketing platforms.
- Amazon Associates.
- Clickbank.
- eBay Partners
- Bluehost
- Shopify Affiliate Program.
- ShareASale Affiliates.
- Rakuten Marketing Affiliates.
- StudioPress Affiliate Website
Start A Dropshipping Business
Dropshipping is a retail approach in which a shop fulfills orders to its consumers without having the products in store.
Let me explain with an example, with an online dropshipping shop, you stock the shop with products that are not actually in your shop. When a customer orders from your shop, you then purchase the product directly from the manufacturer at a lesser price using the contact information and the address given by your customer, then the manufacturer ships the product straight to the customer.
This means the prices of the products are controlled by you, and the shipping and delivery are done by the supplier.
Dropshipping business is lucrative because you don’t need a physical shop or products to start selling. Shopify is the best dropshipping platform. Trial Shopify now
Blogging
If you enjoy writing, you can share your thoughts and ideas with the world by blogging. The finest work you can do from home is blogging. A blogger creates and publishes information on the internet about a certain topic.
You can earn money from blogging by using Google Adsense, Ezoic, affiliate marketing, guest post, and other methods. In fact, the basis of online money making is creating content, in this case a blog. Blog exposes you to the world, and you can take advantage of this by advertising your products to the world.
There are many platforms to start the blogging journey, for example;
This is a free content management system owned by Google. It allows you to publish your ideas for free using your Google account. Your blog is hosted by Google which uses the subdomain blogspot.com (yourblogname.blogspot.com).
WordPress is also a free management system that lets you build your websites or blog. It has more popularity on the internet than any other content management platform. To use WordPress, you need a Hosting provider like BlueHost, Siteground, and HostGator. See how you can start a successful blog today.
Wix
Wix also has a free plan for as long as you want, but this goes without your custom domain name. For a custom domain name, you can choose from one of the premium plans.
Unless you prefer free blogging platforms such as blogger, blogging involves a little initial investment. With Bluehost, you can start a WordPress blog for as low as $2.95 per month.
Youtuber
Your smartphone can be put to good use. With good camera quality and a little creativity, you can make a video and upload it to YouTube for monetization. Most people don’t know what to publish on their YouTube channel. Since this post’s focus is on college or university students, why not teach what you’re learning at the university. I believe there are many upcoming students that will find your contents useful.
First, you need to create a YouTube Channel and be eligible for monetization. What do I mean by “eligible for monetization”?
With YouTube, you need 1,000 subscribers and 4,000 watch hours to qualify for monetization. This doesn’t mean it is impossible.
With good quality videos, consistency, and goal-oriented, you can get 1000 subscribers and 4,000 watch hours within 3 to 6 months.
Depending on your engagement and ad clicks, you can make tons of money with your YouTube Channel. Create a Youtube channel, it’s free.
Freelancing
A freelancer is a self-employed individual who earns money for a task performed. Freelancing allows you to offer your services to people mostly online in exchange for money.
Services like Graphic Designing, Video Editing, Typing, Photo Editing, Web Developing, Programming, teaching, email marketing, etc. whatever experience you have, there is freelance work available for you.
The websites for freelancing are
Transcriber
The work of a transcriber is to listen to audio or video and type what he hears word for word. The audio may be in the form of recordings from meetings or conferences.
A transcriptionist can make about 30 to 50 dollars per day transcribing. The only skill you need is typing skills. If you are interested, sign up for online transcription services like; GoTranscript and transcribeme.
Forex Trading
Forex trading is the exchange of one currency for another. This explanation is too simple right? Imagine you decide to exchange currency. With a rate of one dollar for two pounds, you spend 400 pounds to buy 200 dollars. You’re hoping the dollar will increase in value. Later, the dollar rises to 2.6 pounds. You take advantage of this and exchange your 200 dollars at the new rate, receiving 520 pounds in return. After subtracting your initial investment of 400 pounds, you make a profit of 120 pounds.
Luckily, all you need is your smartphone and a brokerage platform to start trading forex. Even Though many are making money with forex trading, this way of making money involves a great dedication and may not be good for all types of students.
read more on forex trading to know how to make money with it.
Use websites and apps that pay
Some websites pay you to perform simple tasks. From watching videos, playing video games, taking surveys, liking videos, and more. The amount of money you can generate through these websites depends on your location and the type of task performed.
Consider these top websites to make money online.
- Swagbucks
- Inbox dollars
- Afrisignt
- Picoworkers
- Survey Junkie
- Mist play
Sell Digital Products
Digital products or goods are assets that come in the form of downloadable or streamable files such as E-books, Videos, Music, Designs, and more. You can create and sell digital products and generate profit over and over again online.
Let’s look at some sites where you can create and sell digital products.
- Etsy
- Amazon
- Shopify
- Sellfy
- Redbubble (for print-on-demand products)
Write Articles For Blogs
If you are a competent writer, why not write articles for blogs and get money from them? Many bloggers find it difficult to write blog articles; why not offer your services by writing high-quality articles and selling them to bloggers?
A writer can earn from $1 to $2 per word depending on the subject matter or content of the article, suppose you can write 5,000 words of an article, which totals $5,000 or $10,000 for each article written.
Check websites like;
- Cooking Detective
- A Fine Parent.
- Freelance Mom.
- Christian Science Monitor.
- A-List Apart.
- Barefoot Writer.
- Upworthy
Screenwriter
The majority of today’s films and television shows are created by imaginative and intelligent screenwriters. If you are a screenwriter with stories, write them and sell them to the movie industry. Better still, you can work as a scriptwriter on sites like Fiverr and Upwork. An online scriptwriter can earn between $50 and $70 per hour.
Take Away
The truth is that all of the above 11 ways to make money online as a student mentioned may be profitable only if you take action consistently. Am a self-financing university student myself, one advice I give my friends is to go-all-in during vacations. Most students use the vacation periods to relax, why not start something new, a side hustle that will earn you money. In addition to that, move one step at a time. Do not attempt to do two or more things together unless they’re inter-related. Remember, one step at a time.
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