It’s never too early to start thinking about earning extra income. A good job is hard to find in this economy, so it’s not a bad idea to embrace the concept of building multiple income streams as a career. Here are 7 extra income ideas geared toward college students and recent graduates.
Photo by Peter Gene via Flickr
1. Start A Website
The Internet is still expanding and there are opportunities everywhere. You could start a website with little or no investment, and the site could be as simple as a blog such as this one, or a niche affiliate site. But don’t stop there because your site could be the next game changer like Google, Yahoo!, or Facebook were.
How much money you make depends on what you’re willing to put in, but know that many people are making full-time income online.
If you’re academically capable, you could turn your intellectual asset into cash. Offer to tutor other students and you could be making nice income every week.
If you don’t want to tutor face-to-face, you could even become an online tutor.
3. Giveaway Hunting
Keep stuff that you like and sell the rest on Craigslist or eBay.
4. Virtual Assistant
Search sites such as Amazon Mechanical Turk and Elance for tasks and projects that you can complete right from your dorm room. These do not pay much, but you’ll gain valuable skills and be able to enhance your portfolio in the process.
5. Sell Class Notes
If you’re a good note taker, you could make your notes available for a fee. Hook up with a few friends to expand your line up and earn even more.
Combine this with the web site idea and start and online store for class notes.
6. Sell Used Textbooks
Done with the books? The best thing you could do is to sell your used textbooks right away. New editions are printed all the time and textbooks lose their value quickly. If you sell them quickly, you’re likely to recoup a larger portion of what you’ve paid.
7. Cleaning Service
Don’t like any of the ideas above? Good old grunt work could earn you money. Contact fraternities and sororities to see if they want to use your service. If each of the brothers and sisters chip in $5 apiece, it could translate to a decent income for a few hours worth of work.
The key ingredient to making money and building successful side business is to provide something of value to other people. This could be in the form of information, products, or services. As long as you can do this, making money should not be too hard.
Reviewed and updated April 23, 2011.
Pinyo is the owner of Moolanomy Personal Finance and a Realtor® licensed in Virginia and Maryland. Over the past 20 years, Pinyo has enjoyed a diverse career as an investor, entrepreneur, business executive, educator, financial literacy author, and Realtor®.