No one needs that extra buck more than a college student who can barely get by on a fixed allowance, financial aid, and the few extra bucks made from an entry-level position. Most of these jobs require a lot of time and effort though and are more suitable for the summer or other school breaks.
So, are side hustles that you can work as a student during the school semester and which won’t leave you half-drained of precious energy a myth? The good news is that these do exist, although patience, determination, and a bit of passion are all necessary to be successful. In this feature, we’ll go through some of the best choices that you have for making money as a student with limited time.
But first, what tips are important for students looking to run a side gig?
- Due Diligence and Small Steps Matter
Just because you are strapped for cash doesn’t mean that you should invest all your time and effort in a business that you barely know. If you can’t see how your venture will make money in the short term, it may not be worth it to invest time in it. Research the specific venture and invest in cost-effective tools such as questionnaires and interviews to learn what a potential customer base may look like and want.
- Learn The Difference Between a Side-Hustle and A Startup
A side hustle is not meant to be a small business especially for a student strapped for time. A side gig is just that; a part-time venture that boosts your income minus all the red tape associated with running a business. Startups and businesses are created for the medium to long term and may be detrimental to a student with only one or two hours a day to spare. Always choose the simplest business model that eliminates costly and time-consuming requirements such as inventory, shipping, and insurance.
- Hobbies or Passions Always Stand the Test of Time
Being passionate about what you do or having the talent to back it up is always the best way of creating a lasting and enjoyable side gig. The last thing you want is to be bored with your side gig.
- Learn New Writing and Marketing Skills
You must learn how to sell online for your side gig since online is where most of your customers come from. Learning SEO and keyword research skills will help you to write marketing copy for a niche audience. This copy can then be shared across your blog and social media pages. If writing is completely not your thing but you need the skill anyway, start by hiring a professional essay writer help.
Now that you know where to start with your side hustle, here are 5 side hustles that won’t take up too much of your time and effort.
SEO, Google Ads, Facebook Ads, or Email Marketing
This is the most obvious option for a side hustle simply because of the low barrier to entry. With a computer and a good internet connection, you can already get started. Sufficient time and effort are required to understand the various components of digital marketing such as SEO and Google AdSense. These techniques for digital marketing are useful for website and blog owners, including those running their side gigs from their social media pages like Facebook.
Creator For the Unreal Engine Marketplace
This is quite the niche side gig, but it is possible with a bit of dedication and a lot of passion. You can make money by making 3dmodels, textures, VFX, shaders, or plugins on the Unreal Engine studio and creating other digital content, for example, on Photoshop. For those with some extra cash to spare, purchasing a DSLR camera and making realistic photo scans is a neat way to make lots of money on the side. You can also create unique stock photos and sell them to stock image websites.
Flipping Stuff from Thrift Stores on Online Marketplaces
This might require a visit to your local thrift store, but you can bring along a good camera (phone camera will do just fine), check prices on what’s cheap and sell it for more than you paid and less than it’s worth. Clothes have terrible markup and people just aren’t willing to pay much for them, while some items such as books rarely attract buyers.
Matched/Arbitrage sports betting
Gambling is generally not advised, but responsible sports betting can net you a tidy sum with a fixed internet connection and enough spending time on your computer. Up to $500 may be needed for initial deposits. If you play it smart and don’t get banned/limited for abusing weak odds, you can keep it up for a long time, although it may take several months to get up to $100 per day in income.
Or, Just Start a Yard and Garage Clean-Up Business
The ideal side hustle for a college student is remote and doesn’t need inventory and resources. However, a clean-up business is instantly one of the best side gigs because it is flexible, requires little to no skills, and can get you instant referrals and loyal customers. For example, you could email real estate agents stating that you do yard clean-up and cleaning for people getting ready to list their properties.
Any hustle that you ultimately decide to go into should be well-researched and you should ensure to hedge yourself against any risks such as sinking demand by doing consumer research beforehand.