Student life is the best time of anyone’s life, going to college, spending time with friends juggling between lectures and assignments and so much more. But what if you can make some passive income while doing all these things? That sounds good, right? And with an unemployment rate of 28% among the youths, earning early and enough becomes a necessity.
But the question which arises is what those passive income ideas for students are which help them earn their pocket money and make them independent from early years. If you are trying to find the answers to this question, then you have come to the right. Here you will get informed about the best side income sources for students.
Pursue Your Interest
Doing some part-time job or earning from passive income sources help students explore their interests. This way they may even find their true passion, that can be turned into career in later life.
There are several expenses of students other than academic ones. Side income sources for students help them to earn enough money to pay for their expenses.
Learn Real-life Skills
Anyone can gain bookish knowledge with few efforts, but learning from real-life experiences is different. When students work on their passive income source, they learn a lot about everything.
Passive income ideas for students do not require them to engage in the work activities as per any fixed schedule. Students can work flexibly
Work with Experts
Several part time jobs require students to work under seniors, from whom they gain industry knowledge.
As a college student, you must have excellency in at least one topic. You can use your knowledge to help other students too. You can become a subject matter expert in the field of your choice, this is one of the best passive income ideas for students to follow. And if you want to pursue this passive income job then no place is better than Chegg India. As Chegg’s Subject Matter Expert, you get the chance to showcase your subject expertise by answering the question posted by students on the platform.
There are numerous choices of subjects like maths, engineering, medicine, business, etc. that you can choose from, and for every correct answer given by you will earn you money. This best side income source for students because you will learn while earning.
As Chegg Subject Matter Expert you can make around ₹38000 per month, depending on the questions you solved correctly.
You might have heard about creating and selling online courses, you will be doing the same in this passive income for student; just there will be no creating. As, you are still a student you can’t possibly create an online course, but you can help others in selling their courses.
There are many course creators who need someone who can market their courses and help them in selling their courses, and in-return you get certain percentage of sales. It is a good side income job that students can do easily. You can start by asking your college professors who might have their online course to promote.
As a passive income for students, you can make around ₹15000 per month from selling courses.
A growing number of people across the world enjoy watching and learning from others playing video games online. You don’t need a huge fan base to make some extra cash by streaming video games. Some streamers make enough money to make it their full-time gig. You can make a decent side income, even if you have only a few members, by streaming often. However, you need to be consistent in efforts and go live frequently on YouTube or your selected Esports platforms.
As an e-sport streamer, you can make ₹10000 per month, which is a great for a student.
If you love animals and you like to earn some quick cash for spending time with them then pet-sitting is one of best passive income ideas for students. Based on the needs of the pets being cared for, a pet sitter may need to visit the home once a day to three times per day. And you get paid to take care of the pets for the time being you are with the. Mostly your clients are the working professionals who don’t have much time to spend with the pet. You can charge hourly or monthly basis, as per your need.
As a pet-sitter, you can earn around ₹15000 per month, which can increase if you do it as a full-time job.
If you seldom use your vehicle, you may make some money by renting them out. You can find someone to lend your bike/car or list your vehicle as a short-term rental using internet services. If you are looking for a passive income idea that allows you to use your time and assets to make money, this is a great option to consider. Companies like Uber and Ola are the best platforms to rent your vehicle, this way not only your vehicle will be utilised, and you can earn money from it without even driving yourself.
When you choose this side income source and become a car rental agent you can earn up to ₹30000 per month.
Putting your pictures up for sale as stock images is a great way to earn money without doing anything other than enjoying your hobby. Photos can be sold to businesses for a one-time fee. You may also sell the rights to use your images online and get royalty payments whenever someone buys them; this is one of the most preferred passive income ideas for students. What you need to do is find an authentic website or platform on which you can upload your stock photos and it pays you for every download.
You can earn up to ₹3000 if you upload 200 stock photos for sales and with an increase in a number of photos your earnings will increase too.
Social media gives ample passive income ideas for students. You can get paid for the number of people that interact with your postings on various social networking sites. Influencers make a lot of money by promoting brands for sponsors on social media. But before that, you need to create your social media presence, and a strong fan following. And once you achieve this you will start getting brand deals, collaboration offers, and advertisement offers from companies. This is how you will start earning real money.
On an average a social media influencer can earn around ₹15000 per month.
Try to look for survey websites to see if any of them pay for partaking. Some websites reward new members with free goodies just for joining. Students can also finish a survey in the time it takes them to drink a cup of coffee or watch a TV show. Filling surveys to earn money is one of the easiest side income sources for students. What you need to do is just make an account on several survey sites and turn on notifications. This way you will get informed immediately whenever a new survey is posted. Fill out the survey honestly and earn money once your feedback is approved.
If you take multiple surveys in a day regularly over month, then you can make around ₹35000 per month.
This passive income idea is best for the students from coding background. If you know how to code well and can create a functioning online application that might also help others in some ways, then you are good to go. There is huge demand of pre-developed apps in the market you can find customers on the gig platforms where people do the posting and promotion to find someone who could create an app or sell app to them. You can find such people and strike a deal with them.
If you create and sell apps even basic functioning apps on regular basis, then you can make around ₹20000 a month.
You may have heard a lot about affiliate marketing, it is one of the most popular passive income ideas for students to follow. Affiliate marketing is the marketing arrangement where you will be promoting g other products online and selling those products. And for each sale made you will get a certain percentage as your commission. You can affiliate clothes, gadgets, and books are some of the resalable products out there. To become an affiliate marketer, you have to enrol in any affiliate program, where you will be trained at an initial stage and once trained, you will be given affiliate links to the products you will be selling. Amazon and Flipkart are the best platforms to start affiliate marketing in India.
Once you start affiliate marketing you can make around ₹18000 per month. Which is great passive income for teens.
Not everyone likes to take notes in classes, or they might not have enough time for creating notes. However, if you are good at taking notes, you can get paid to do it for other people. This is one of the great passive income ideas for students because you will be earning while learning something. You will be creating clear and clean notes for the students by listening to their recorded lectures or by reading their books. And for every subject you make notes on, you can charge a good amount. Some people also add assignment-making services to this, if you want you can do that too.
On an average you can make around ₹14000 as side income from note taking.
If you have shelves of old academic books collecting dust in a corner of the room, then this side income is for you. You can sell your used books when the semester ends, this way you will get paid back for what you invested in books, and it will help someone who needs books. This is one of the good passive income ideas for students to start anytime without effort. Usually, used textbooks are purchased at a discount by campus bookstores. If you want to make a little extra money, you may sell it to other students at a price that is lower than what they would pay in the bookstore but more than the resale price.
Here your earnings depend on the condition of old books, but on average, you can make 300 per book.
Do you know how to tweak videos, add music to them and cut the bad parts of videos, then got yourself one of the trending passive income ideas for students? Here in this, you can earn money sitting at home if you are a student. People who make videos on the internet often outsource the editing process. You might look for job posts in their films or on social media. Similarly, independent video editors can find work with online content firms by applying to their posted job openings.
If you work independently as a freelance video editor, you can make around ₹24000 per month quite easily.
Related Article: How to become a Freelance Video Editor
Microtasks can be completed on a variety of websites, some of which offer financial compensation. These are simple requests like naming an image, answering a few questions, or selecting the best search results. Even though they only pay a few cents apiece, these are quick and easy to perform at any time of day; thus, making them good passive income idea for teenagers. There are multiple platforms like Freelancer.com, Upwork, Fiverr where you can find several micro gig postings. Start applying to the ones which appeal you and earn money.
Depending on the task assigned, you can make around ₹500 per micro gig you complete.
Businesses frequently use users to check out their new websites before they go live. As part of this process, it is important to make full use of the site and report any problems that you come across. Positions like this often get posted online, you can apply to these postings and can make good money. It is one of the good passive income ideas for students, as you just have to run a test, navigate through the website and give your honest review as a user of the website.
As a website tester you can make around ₹18000 per month, which is good passive income for teens.
The ability to grow your food and a passion for gardening may turn into a lucrative business. You may make a good profit by selling these items to people who don’t have a vehicle and rely on dining halls for their meals. You can also try to set up a table at a nearby farmer’s market. This is not only one of the best passive income ideas for students, but also help them grow as human too. Growing veggies and fruits and selling them require patience, which will take you to great success.
If your vegetable/fruits are in good shape then you can easily make around ₹30000 by selling them.
If you know more than one language, you can make good money by providing translation services online. This is one of good side income sources for students. You can do smaller projects, which can be finished quickly and are just as lucrative as longer ones that require more work. Find websites that specialize in hiring translators and start getting offers for work. You will given audio files, documents and video files to translate from one language to another.
As a freelance translator you can make around 30000 per month quite easily.
Many college students, especially those who live in dorms, struggle to find enough storage for their things. It is possible to earn money by renting out extra storage space, such as a basement or attic in a home you are renting. If you are comfortable with sharing space with other person, then renting your space for storage can become a good passive income for teenagers. However, before providing storage space, it is important to set regulations for client access, storage duration, and pricing.
Your earnings in this passive income idea depends on the space you provide and the budget of the tenant. But earning around ₹4000 per month is easily possible.
Driving for ride-sharing apps is a way to earn money without putting in effort. This is one of the best passive income ideas for students which allows you to choose your schedule, so you may work as little as a few hours a week or as much as you like. You may make driving for ride-sharing apps a side hustle if you love it and are located in a city where such services are in demand. There are platforms like Zomato and Swiggy who are always in need of delivery partners, you can apply on their websites and become certified delivery partner after registration and verification.
As a food delivery agent, you can make around ₹14000 per month, which is a good passive income for teens.
If you are someone who loves to create art, then can consider selling them as one of good passive income ideas for students. You can sell anything from stickers, t-shirts, posters, canvas paintings etc. If you have a creative streak, try putting it to use as the best way to earn money for students. Multiple websites let you set up a virtual store to sell, print, and ship your creations. Looking for platforms that give creators a bigger profit is a smart move. Some of the most trusted and good-paying websites are Redbubble, Etsy, Frankly Wearing, Printful and many more. You can upload your artwork on these platforms, quote your price and sell products.
On average, an online artist can earn around ₹25000 per month, which is a good start for students.
Being a virtual assistant is one of the most in trend passive income ideas for students. As virtual assistant you are required to handle day-to-day tasks of your employer, from creating schedule to answering emails are some of few tasks you need to do. Quite a few companies and independent contractors look to freelancers and other remote employees to do routine administrative duties. As students you can take only that number of clients whose work you can handle with your own schedule.
You can easily make around ₹18000 per month as virtual assistant.
The end goal of every educational degree is to make students able to get hired! But this can be done even when they are studying. The passive income ideas for students help them in achieving a sense of responsibility and financial independence early. If you are a student and want to feel this feeling of freedom even before getting your r degree, then start applying for side income jobs.
And yes, if you still need a reason or are confused about which passive income to choose then recall the things you read here. So don’t wait to start earning your pocket money on your own.
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There are several ways to make side income for students, what you need is zeal to learn and develop your skills and knowledge. Some of the best passive income ideas for students are:
1. Virtual Assistance
2. Become Subject Matter Expert
3. Affiliate Marketing
4. Sell Old Textbooks
5. Become Food Delivery Agent
If you are a student and are searching for the best source of income to make passive money then taking Freelancing Gigs might be the best decision. As, a freelancer you can choose from multiple tasks that you would like to do, for example, content writing, video editing, online translation, data entry and much more.
Age is not the limit to learning and earning, if you are a 19-year-old who wants to start earning then there are plethora of opportunities opened for you. Some of the best passive income sources for you are:
1. Video editing
2. Selling Stock Photographs
3. Online Translation
4. Food delivering
Studying is a necessity for students, but earning after completing education is the end goal. However, passive income jobs for students make this goal seem much closer. There are several reasons why passive income is important for students, like:
1. Gives the sense of financial freedom
2. Teaches the importance of money
3. Enhances real-life skills
4. Open door to career opportunities
Earning money with little to no ongoing work is known as passive income. Even while the best passive income ideas for students sometimes involve a lot of initial effort, they can ultimately lead to greater monetary freedom and stability.
Drop shipping, affiliate marketing, tutoring, or selling digital items, can quickly generate passive money.
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