Tips to Making Money During College
posted February 26, 2009 - 12:43pm1. Writing and Submitting Articles Online-
There is a plethora of websites out there now where you can submit articles about anything and get paid for it. Some of these articles will take you little time to write and will provide you with a nice passive income that
grows a little every month.
When writing articles online, persistence pays off. Try to write at least 1 article a day, that way by the end of the year you’ll have 365 articles generating, let’s say, 50 cents to a dollar a piece a month through Adsense. Put a variation of that article on 5 more writing websites to earn 5 times that amount…you do the math. The more quality articles you write, the more money you make.
A few popular sites to start off on are: eHow, Hubpages, Squidoo, Helium, Xomba and Associated Content. Remember these sites are FREE to participate!
2. Blogging-
Blogging, unlike submitting articles, is not free if you want to earn some cash through Adsense or affiliate marketing, but it’s not expensive either. If you are new to blogging, you will need a domain name, which you can purchase through GoDaddy and the like for $1.00 to $10.00 a year, and you will need a hosting server such as Host Gator, which will let you host unlimited domains for as little as $7.99 I believe.
Once you have a domain hosted you can easily create blogs through Wordpress without knowing a thing about website creation. Wordpress is also free. Once you have created your blog you can easily add Adsense or affiliates to generate your passive income. You can sign up for Adsense through Google. Affiliates can be found by signing up for Commission Junction or Clickbank; also free.
Depending on your selected niche and content, you can make a considerable profit off your blogs. Advertise your blogs on social networking sites and create backlinks wherever possible. You want as much traffic to your blog as you can. My rule of thumb is for every 200 people that visit your blog, you should make AT LEAST 1 sale.
3. Craigslist-
Yet another free service online is Craigslist. Craigslist has thousands, if not millions of subscribers split up into various city centers, i.e.: Craigslist, Los Angeles.
In my humble opinion, you can make much more of a profit selling your things on Craigslist than you will on eBay, and much faster too. Anytime I put anything of worth on Craigslist, I get phone calls the day I put the ad up. Mark your items up high, if you don’t get any calls in a week then lower it a little. It’s free, what do you have to lose?
Selling things isn’t the only perk on Craigslist. People put up service ads or want ads on a regular basis also, much like an online bulletin board. Put up some ads on the services you want to do such as, mowing lawns or hauling. I could go on forever on the services you could put an ad up for, but you can advertise your hourly wage from $10.00 to $25.00 an hour depending on how good you are and what your advertising for.
4. Invest in Real Estate-
This may seem a little expensive for a college student, but think again. In most areas of the U.S., house prices are falling at a drastic rate. Homes sometimes are asking 50% or LESS of their asking prices the last 2 years. On top of that, mortgage rates are at a historic low.
Depending on your income and what you can afford, I would suggest aiming at housing that has been foreclosed upon or houses that have been for sale for a long time; Seeing that the sellers of these properties will most likely take much less than the property is worth.
Pick up a book on real estate investing or do some research online to learn what you can before going out and purchasing a property. See the many different things you can do with your property such as renting it out for more than your mortgage. History shows that home values will come up again, you’ll be sorry to miss out on the checks that real estate investors are pulling in from the choices they made today.
5. Internships-
The most well known college practice on this article is interning. Internships grant you hands on experience and a chance to learn if your selected major is right for you. Internships often now offer a salary, sometimes a very generous salary, depending on your area of study and company you intern for. Internships are a great way to earn cash and can set you up with a fantastic job when you exit college.
6. Tutor for Money-
Your college probably has a program where you can obtain the services of a peer or staff tutor for many of your courses. Peer tutors usually offer their services free for public service or something to put on their resumes. Staff tutors probably get paid more than you would expect.
So, where is this going to make you money? Many colleges offer online opportunities for students to take their classes at home. These students often live far off from the campus and cannot reach a tutor in person. To deter this inconvenience, the student will employ an online tutor. These tutors however are not free.
Online tutoring is somewhat easy to get into. Fill out an application at a couple of the big named tutoring websites, such as Tutor.com. You won’t just have the option to tutor college students, you’ll have access to tutor students in middle and high school as well. Some tutoring websites allow you to put up your salary requirements.
7. Work Study-
Work studies are programs set up through your financial aid to offer jobs to students whom want to work on or off campus. Though it is run through your financial aid package, it does not take away from your financial aid award.
Work studies, like internships, are often geared towards your selected major. It would be wise to participate in these programs as the experience can be quite valuable. Often, work study opportunities can be “cushy”, meaning you’ll be able to do your homework or other ventures while you are “working”.
Work studies will not make you rich. Depending on your skill level and job you apply for, work studies can earn you from ~$7.80 to $14.30 per hour. Although, like stated above, if you’re lucky you can do homework or other ventures, such as step 1 and 2, while you are at work.
8. Loans and Aid-
Federal and State financial packages are often quite generous if you have a need for them. If you pay off your tuition each semester and have aid left over, it is sent to you in a check. I’ve known students to receive checks from $300 to $4,000 per semester! This money is supposed to be for “college related purposes”, but the rules on this are not exactly enforced. Students will pay for new vehicles and rent (or that property purchase in step 4) with their excess funds. Now, I’ve been skeptical to put this in the article as many students can get stung by loan repayments after they attend school. Only take use of these loans if you are planning on finishing college and will be able to afford to pay them back.
Conclusion-
College is a time for experimenting with different ideas and techniques. The important thing is to find what your good at and fly with it. If you follow these steps I guarantee you’re going to make a solid cash flow by the time you graduate. Who knows, you may just find something your good at. Stay in school and good luck making your fortune.

Comments
Post new comment