1. Create an online course
If you have a specific skill, think about building an online course that focuses on the skill. These can include learning an instrument, a hobby or mastering a software. One option is to post videos online that you can monetize. There are also websites that specialize in online courses that you can post your course on and charge a fee to access the course.
2. Ride-sharing apps
Being a driver for ride-share apps is passive income opportunity that can turn into more active income. With apps, you can pick the hours that you want to drive, meaning it can be a few hours a week or more. If you like being a driver and are in an area where there are popular ride-sharing apps, then being a driver may become a part-time job.
3. Print your designs on merchandise
If you’re artistic, think about making designs to put on merchandise such as stickers, T-shirts, posters, mugs and hats. There are multiple websites that allow you to make a shop profile and upload your designs that the website will sell, print and ship for you. It’s important to note to research which websites pay artists a higher percentage for their designs.
4. Transcribe
If you can type well, think about becoming a transcriptionist. Transcriptionist jobs have a wide range of requirements and pay. There are many online transcription jobs that are available, such as transcribing videos or podcasts.
5. Become a virtual assistant
Becoming a virtual assistant is another great way to earn passive income. Many businesses or self-employed individuals are looking to hire someone to do simple tasks for them remotely. Tasks can range from responding to emails, doing research, monitoring their social media and organizing.
6. Sell plasma
Think about researching if you are eligible to sell your plasma and if there are places close to you that buy plasma. Selling your plasma may take a long, however, it is generally a minimum of 90 minutes to two hours. You’re allowed to give plasma twice a week with at least 48 hours in between donations. You typically get paid immediately after donating your plasma.
7. Create a niche membership website
Another way to monetize your skills or profession is by creating a membership site. You can charge a monthly fee from members who enjoy your content, such as videos, podcasts and texts. It is important to think about how much time you’re able to put into creating content and charge accordingly based on what you’re able to create.
8. Invest in real estate
Even though college students tend to have small incomes, they still have an option to invest. One popular investment is in real estate. An easy way to invest in real estate is through a real estate investment trust, also known as a REIT. These allow you to invest into smaller pieces. You can also look into crowdfunding for real estate investments where you invest into a real estate crowdfunding platform.
