Financial independence is crucial to lead a happy and successful life. It will be beneficial for you to start earning when you are in college. An early sense of handling money will help you in the long run.
In the upcoming sections, we will share 10 proven ideas to increase your income. You can apply these ideas along with your studies. Or you can do them as a part-time job with your full-time occupation.
01. Organising a Community Chit Fund
You can create a pool of money by starting a community chit fund with your friends and acquaintance. Chit fund schemes help you create an emergency fund. It can also take care of your more significant expenses like depositing mid-term fees or buying a mobile phone. You can invest in chit fund application as well. It is better to invest in a chit fund app if you choose to save with a chit fund. These apps are on a digital platform, so your records are always available. Chit fund apps provide a considerably high return on money.
02. Writing Online Blogs & Articles
Being anonline content writer provides you with a double benefit. Your language skills get improved, and you can make good money out of it. Don’t be discouraged if you get pennies in the beginning. You need to make a name for yourself, and you need some time to learn the craft. After proving your skills, you can ask for reasonable compensation.
03. Writing an E-book
Other than writing blogs and articles, you can write an E-book. Choose a subject in which your knowledge is good. There is always scope for more research. But first, find out about the interest of general people. You can talk to people directly or use social media platforms. You can learn online about how to write a comprehensive E-book.
04. Marketing & Direct Sales
Companies pay youngsters to distribute their flyers, talk to people about their products and held small marketing events for them. You need to be a confident and enthusiastic person to do this job. Even if you are not an expert in communications, this job will be alearning experience. It is primarily a weekend job, so it doesn’t hamper your studies or other work.
05. Writing Resumes
Earlier, people used to write their resume with the help of other experienced people. Somewhere someone thought to encash their experience and knowledge! They introduced professional resume writing services. Many freshers and experienced people prefer these services rather than writing their CV on their own.
06. Opening an Online Store
You can open an online store but make it a dropshipping store. That means that you don’t need to handle the goods yourself. The buyer will place the order on your platform. The goods will be directly delivered to the buyer by the seller.
07. Making Money out of Studies
Yes, you read it right! If you are very studious and organised and don’t get time from your studies for any part-time work, we’ve got a side-hustle idea for you. There are online platforms on which you can sell your well-organised notes and projects once your work with them is done.
08. Selling Your Photos & Designs
Is there a photographer or a designer inside you? If your friends often appreciate your pics and designs, that means you are talented.Websites that banks creative stuff pay you good money for an excellent click or a beautiful graphic design.
09. Starting Transcription Services
Offering transcription services is like providing subtitles for videos. You tubers and other influencers need a subtitle for their videos. You need to put your headphone on and write down what you hear in the video. This transcript will be used as the subtitles.
10. Reviewing a Book
Be it a book, a movie or a new restaurant. Peoplefirst check the reviews online before trying it. Your reading habit can also fetch you a good income now. Reviewing books online is getting very popular these days. While being a book worm was indirectly enriching you with knowledge, now it can be a direct medium of your earning.
Not all but some of our ideas must’ve clicked to you. There is something to do for every personality type. It’s just a matter of recognising your talent and interest.
If you startearning ata young age, you will gain experience. You can create an emergency fund or even can start a short term investment on your own.
Aatish Khanna works with the Content Marketing team at Money Club – a digital chit fund platform that makes saving, borrowing, and investing your money more efficiently. He writes on topics to help his readers understand processes so they can make better financial decisions. He’s the go-to person that his family, friends, and colleagues turn to for all their money matters. He loves to play board games and aspires to one day build his one finance-related board game and app.