5 Passive Income Ideas For Students
5 Passive Income Ideas For Students
What is passive income?
Passive income is the source of money in which one is not actively participating in that business and the earning is regular after a certain period of time(after putting efforts)
It is the income other than a 9-5 job.
Examples- get a royalty from book or movie, stock dividend, rental income, etc.
But this blog is for those who are students and they have not enough money to buy a house and get a rental income. These passive income ideas require only your passion, hard work, consistency, and most important internet connection. You can start from 0 money.
7 Passive Income Ideas For Students
1. Sell your study material
Are you getting bored when you taking lectures? Is it compulsory for you to get 75% attendance and maintain the notes? So why are you not taking advantage of this? Turn your notes to profit. Sell your worthy notes online and make a profit. You can sell your notes on Campus Shift, Course Hero, Nexus Notes, Notesgen, etc. You can also sell your drawing arts to a photo site. You can sell your artwork on gallerist, artfire, pixapp, etc.
2. Create a YouTube channel
You can start a YouTube channel with 0 money. It requires only your hard work, consistency and internet connection. But it takes time and patience to earn money from it. You can earn money from it when you have 1000 subscribers and public 4000 hours view. You earn money from the traditional advertisement which will play or display in your video or through affiliate marketing where you get paid by selling third party product by providing a link in the video. You can start a channel on the topics which you are most interested in. It may be your hobbies and passions like cooking, traveling, sports, fashion, art, etc or life experiences. You can share your life experience and teach them the lessons you learned from those experiences.
3. Start a blog
Turn your writing passion into profit. If you want to become a good writer, then this blogging option is best for you, where you write about your interesting topics and can earn a decent amount of money. Start a blog on the topic which you are interested in. It makes you happy and consistent because if you start with any random topic then you will get easily bored when you will not get the viewers and money from the blog. Choose the blog name about your hobbies and passions like cooking, travel, sports, fashion, cars, etc. You can also choose a blog name about your life experiences. You can share your life experience and a lesson from that experience. This information helps those who stuck in the same situation. Example- When you betrayed by the most trustable person and then you share your experience that how he manipulated you, then the other people(viewers) get a warning and they'll learn how to rid from that kind of people.
I had already written on blogging. Check out from here
4. Instagram
Yes, Instagram is not only for killing the time. It is for earning income. You can earn income from Instagram by investing 0 money.
You can earn money in three major ways:
- Affiliate marketing
- Influencer
- Sell your Instagram account
Affiliate marketing
Affiliate marketing is when you promote or sell the third party product by providing a link to that product. When anyone buys the product from that link, then you get paid per sale. We can say that the person can earn money by getting a commission for marketing a company's or individual's product or service. In this way, the company gets leads or sales from that link. Amazon Associates is one of the largest platform for affiliate marketing but there is also another platform which provides this tool.
Influencer
The first thing might come in mind when you see the word"Instagram influencer" is a sponsored post. There are 500,000 active influencers on Instagram. For this, you have to select a niche and then build trust and grow your audience and then contact with brands to become a partner with them.
Sell your Instagram account
You can sell your Instagram account if you fed up from the account or you get some priority work over this. Your hard work hasn't gone to waste.
5. Rent out your clothes and accessories.
You can rent out your expensive party wear clothes or your accessories to your friends, classmates or neighbors and get money from them. The girls who have lot of stuff can earn a decent amount of money.
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