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Start a Business

7 Ways for College Students to Earn Passive Income

by John Peters July 20, 2020

Ask any in-debt college student out there if they want to make a little extra cash so they can chip into paying for classes or splurge on trips with friends, they’ll probably say yes.

If you’re a college student, you’re going to want to make some passive income.

You can earn passive income selling products on social media, renting your home / car, teaching online, taking online surveys, taking advantage of cash back deals, and investing in a stock market that is more fluid and accessible than at any point in human history.

What is passive income?

I know a guy who bought some land, leased it to a restaurant for 30 years, and gets a rent check every month while he does nothing.

That’s passive income.

I know another guy who bought an apartment complex, rented the apartments to different tenants, and gets rent checks every month while he does nothing.

That’s also passive income.

Get my drift?

Passive income – not to be confused with active income or portfolio income – is earnings derived from a rental property, limited partnership, or other enterprise in which a person is not actively involved.

It’s brilliant and worthwhile. While it’s very attractive for long-term earners, it’s more importantly never been easier to have passive income stream your way.

You don’t have to be a real estate tycoon to generate some passive income for yourself.

You just have to think digital.

Ways to earn

Social Media

Social media was once a place to stay in touch with friends and family who lived elsewhere. It still is that magical place, but its appetite for monetization grew ravenous in recent years. Thus, its golden child Instagram shouldered the responsibility of making people money while they socialize. For the grounded individual, Instagram can be a two way street worth round tripping.

For the Instagrammer keen on selling products to their followers, the formula is basic in the best possible way.

Sign up for a business account on Instagram, and upload high-resolution photos of your products often. Insert proper hashtags into each caption, and you’ll gain a following in little to no time People come to Instagram to be inspired and discover things they care about, and that includes content from brands and businesses. 60% of people say they discover new products on Instagram. 200 Million+ Instagrammers visit at least one Business Profile daily. 1/3 of the most viewed stories are from businesses.

Renting

Going on vacation? Rent your home to a friendly, vetted individual. Use AirBnb to do so. Airbnb is an online marketplace which lets people rent out their properties or spare rooms to guests. Airbnb takes 3% commission of every booking from hosts, and between 6% and 12% from guests.

There’s plenty of criteria to list for/search a property: from a shared room to an entire house, to having a swimming pool to having a washing machine. There are photos of the property, and the hosts/guests, with full map listing.

I can’t stress the importance of providing flattering, high-resolution images of your listed property enough.

Class material

Teach people lessons on just about anything these days. People are thirstier than ever for knowledge.

Many turn to teaching on YouTube.

LearnWorlds is a top-of-the-line online course platform that provides a online environment packaged with powerful marketing tools to help you thrive in course selling. It provides you everything you need to teach online. You can:

And much more! If you want to give it a try for free, here is the link to it (they actually have a 30-day trial, hence this is worth trying out!).

You’ll sleep like a baby knowing people around the globe enrich themselves with your knowledge while your bank account looks prettier by the second.

Online surveys

Surveys are my personal favorite way to earn passive income.

It’s just so easy.

Zap Surveys has your back on this.

They’ll pay you $6.25 for taking your first survey, blowing other survey providers out of the water.

They also provide cashback on deals from a huge variety of retailers.

If you’re going to take any online surveys, take them on Zap.

Cash back

Whenever you pay your bills with a credit card, you’ll generate yourself some passive income if your card offers cash back rewards.

It’s the only credit card that automatically rounds up to the nearest 10 points on every purchase – with no cap.

Investing

You can invest with any kind of budget these days.

It’s easier than ever to invest online today.

There are no fees for placing online right now, and stocks start at an extremely low price.

Robinhood, the mobile app for millennials new to investing, has the game in a chokehold right now.

You get one free stock when you sign up!

Passive income will instill a lot of joy and happiness into your life as a college student, not to mention some self-worth and pride.

Happy earning.

July 20, 2020 0 comment

Start a Business

4 Ways To Make Money From YouTube

by John Peters July 15, 2019

written by John Peters

Wondering how to make some extra cash off of YouTube? You’re in the right place!

4. Advertise with AdWords

Do you have an existing Youtube channel and looking to build your following? Great! You can extend the reach and impressions of your videos by using Google AdWords. Make sure to go for In-Display ads instead of In-Stream ads. In-Display ads will show up as a suggested video at the top of the results when users search for videos. With this method, you will increase your overall subscriber and viewer-base, and make more money from your channel! Don’t have a YouTube channel? Check out some alternative ways to make money with side jobs here!

3. Affiliate Marketing

If you have even a semi-popular Youtube channel, or a channel geared at a specific audience, you can do affiliate marketing promotions with companies looking to promote their products. How most affiliate campaigns work is you will promote the product at the very beginning of the video, and provide a link to the product / company website in the description of your video. Depending on the deal, you can get paid a flat rate, cost per click (CPC), cost per install (CPI), or a combination of the above for your promotion. You can do the same thing with Twitter and Instagram – for a more in-depth look check out our blog posts about Making Money With Twitter and with Instagram.

2. Cash Giveaway Channels

There are many YouTube channels that frequently post videos where viewers can be entered into a giveaway to potentially earn free money. Often the only thing you have to do is enter is like or subscribe to the channel, or sometimes comment something specific on the video as well. One such channel is Cash Giveaway.

1. Subscribe to Apps That Pay

Apps That Pay’s YouTube channel gives you the latest and best ways to make money from your phone! If you’re on the hunt for more way to earn quick cash, make sure to subscribe to their channel and be notified whenever they release a new video. New apps, giveaways, and more ways to make money are constantly being posted on their channel. Check it out!

July 15, 2019 0 comment

Start a Business

How to Make Cash with Twitter

by John Peters July 15, 2019

written by John Peters

You’re always excited by how many likes and retweets you can get on whatever combination of 140 characters you can come up with, but what if you could also be making some serious cash while you do it? We came up with a quick list of things you can do to make cash with Twitter !

1. Gain a Following
This one is a no-brainer; to have a decent Twitter account you have to have a lot of followers. There are an infinite amount of ways that you can do this. Maybe you post some hilarious pictures/videos with clever captions. Maybe you post super intriguing articles about history and science that most people would not have found on their own. Maybe you just post cute animal pictures every day. Whatever it is, do it consistently, and make sure everything you post is something you yourself would pay attention to if it were on your feed.

2. Use the Right Hashtags
This one kind of goes along with step one. There are millions of bots on Twitter with the sole purpose of detecting new posts using certain hashtags then following that account. These may be good early on to boost follower numbers, however this is not the audience you are ultimately trying to reach. Use hashtags that real people would actually be searching, for example if your account was focused on pizza and you used the hashtag #NationalPizzaDay. Do not use hashtags such as #follow4follow or anything of the sort because this will only reach those bots mentioned earlier.

3. Find Advertisers
Once you’ve gained any sort of notoriety and have a decent following, your account is now valuable and you can start finding ways to monetize your popularity. Depending on what demographics you are reaching, different companies will be willing to pay you for sponsored tweets about their products.

4. Use an Ad Platform
There are many reputable ad platforms you can sign up for which take all the pressure of reaching out to companies off of you. Platforms like MyLikes, Ad.ly, and Rev Twt all allow you to choose what advertisers you would like to work with and when you want to tweet promotions for them. Some of these platforms allow you to state how much you want to charge advertisers for promotions from your account, while others take your followers and reputation into account and connect you with campaigns willing to pay you for how extensive your reach is.

5. Promote your Brand

If you already have an Instagram and YouTube account, keep your viewers engaged across all platforms! It is important to keep a loyal audience, and the best way to do that is to reach them from several different mediums. Continuously cross referencing yourself across various websites is a great way to increase your own popularity and thus add value to your personal brand. If your YouTube channel is monetized, directing all your newfound Twitter followers there is an easy way to generate some extra revenue for yourself.

July 15, 2019 0 comment

Start a Business

How to Make Cash With Instagram

by John Peters July 15, 2019

written by John Peters

You’re always excited about how many likes you get on your Instagram post, but it’d be more exciting to get paid for those likes. We came up with a pretty awesome way to make cash with Instagram likes

Social media advertising is huge and extremely valuable. Companies will pour money into advertising if it means they can connect to the right customer. And what better way to do so than reaching people on one of the most used social media platforms?

Step 1: Find Your Niche

Question: Why is Instagram advertising so valuable?
Answer: Companies want to reach a specific person that will be interested in their project.

For example, let’s say you start a fishing Instagram page. You make the perfect @name and have the perfect profile picture logo. You post pictures of huge fish, cool ponds and bays, and sentimental fishing pictures.

Let’s fast forward to when you have a ton of followers. You have now created your own niche: An Instagram page full of fishermen. Any company trying to sell a lure or fishing clothes is going to be willing to pay you money to make a post about their product.

Step 2: Get Followers

You have your niche and the page is up. But how do you find people to follow it? This is the hardest part but we have a couple of tricks up our sleeves…

First, you’ll need content. You may have to post for a few weeks without many followers or likes. That’s okay, people aren’t going to follow a page with nothing on it.

Second, you start using hashtags. Use relevant hashtags to your post, that’s how you’ll find the right people. For our fishing example you might use hashtags such as #fishing or #bigbass. And you can use as many hashtags as your heart desires.

Third, follow other people and comment on other fishing posts. This is a great way to directly get your Instagram name out to multiple, specific people.

DO NOT use hashtags such as #likeforlike or #follow4follow because you aren’t going to get the right type of people liking your page. Remember, you need to get followers that campanies want to reach.

Step 3: Find Advertisers

Now that you have all these followers, you can start making money… once you find people willing to pay you. Start with smaller companies. Reach out to companies in your niche through Instagram, Twitter, and their website to tell them you can boost their sales, because you can. You now have a valuable service not only for other companies, but for your audience interested in your niche. In our example, people interested in fishing would be excited to hear about a new crank bait that was just released.

After you find a couple of potential advertisers, you’ll find a perfect price point. Gauge what people are willing to pay and how. You could charge companies a flat rate (one time fee, upfront) or something more creative such as Pay-Per-Like (companies pay $x.xx per like on your post).

In this example, you agree with a lure company that they’ll pay $0.10 per like. You post on Instagram and get 2,100 likes. You just made $210.00 for posting an Instagram picture. I bet you’re more excited about likes now.

Other Blogs you Might Like : The Best Way To Take Paid Surveys

July 15, 2019 0 comment

Budgeting Start a Business

Save that Dime

by John Peters July 15, 2019

written by John Peters

What does $0.10 mean to you? If you’re walking down a street and see a dime, would you pick it up? Probably not, I mean it’s only 10 cents and its no lucky penny.

Imagine if you saved no more than $1.00 every day. It doesn’t have to be a lot, we’ll say something like a dime or a quarter. What would happen to this money 10 to 30 years from now?

The best tactic here is to put the money in an investment account. Albert Einstein once said that “the most powerful force in the world is compounding interest.” Let’s take a look at how far your quarter a day could go.

In 30 years, your daily quarter could be worth over $15,000. Next time you want to buy a gumball, take a second to think about how much that quarter is really worth!

Other Blogs you Might Like: How to increase your savings 1 penny at a time

July 15, 2019 0 comment

Budgeting Start a Business

Paying Yourself First

by John Peters July 15, 2019

written by John Peters

For many most of their financial problems stem from what they do with their money rather than how they acquire it. In fact, statistics show that 1/3 Americans have saved $0 for retirement *1. This blog give you some tricks to help you saving money.

Why start saving?

While saving isn’t always the “sexiest” thing to do with your money, it is important to save now to ‘save’ yourself from problems down the road. All experts agree that regularly setting money aside promotes a stable future while providing a safety net in case of emergencies.

How much should I be saving?

Most financial advisers recommend at least 20% of your income should go towards saving. It is important to pay yourself first, meaning save before you spend. People who wait to save what they don’t spend ultimately don’t save any money. You should start by creating a monthly budget and track your spending and saving so you can plan better!

What should I do with my savings?

Hint: don’t store it under your mattress. The younger you are, the riskier investments you want to make. These investments are going to augment over time. If you’re looing for safety, the safest place to save money is in a savings account at any bank. Even though these accounts pay very low interest rates, it is important to keep some money in a savings account as it the safest way to save money and is relatively liquid.

What about investing my savings?

Although it is not technically considered saving, investing money periodically can help you save money while earning a passive income and prepare for the future. Investing is riskier than saving, but when investing you have the chance to receive much greater returns than a savings account. It is important to do your homework before investing.

Other Blogs you Might Like: 4 ways to fund your pricey desires

July 15, 2019 0 comment

Budgeting Start a Business

How to increase your savings 1 penny at a time

by John Peters July 15, 2019

written by John Peters

One of the best ways to ramp up your savings each day is to learn how and when to avoid unnecessary spending. It is no coincidence that some of the wealthiest people in the world are also the most thrifty. Increase your saving 1 penny at a time.

Collect Coupons
There is a famous story that Bill Gates likes to tell about the time Warren Buffet offered to pay for his lunch at McDonald’s, and pulled a Buy One Get One coupon out of his pocket. These are two of the wealthiest men in the entire world, and even they understand the value of a good deal. Keep all the coupons you come across somewhere convenient, and eventually you are bound to get a better deal than you would if you hadn’t.

Cook in Bulk
This one is especially important for people who live alone. I’m sure everyone who lives and cooks by themselves has noticed at some point that the majority of the groceries they buy are meant to sustain more people, and therefore a portion of each product they buy is usually wasted. One of the best ways to maximize the value of your groceries is to cook everything in advance, and have your meals planned out for a week at a time. This way, you don’t have to spend time worrying about cooking every night, and you don’t have to waste the excess food you spend your money on.

Stop Drinking Soda
This is one of the most beneficial things you can do not only for your wallet, but also for your health. Soda is bad for your cholesterol, bad for your teeth, and bad for your bank account. Most of the places you go to will charge anywhere from $2 to $4 for a fountain drink, and almost all of these places will give you a cup of water for free! If you have a deep love for soda and don’t want to stop drinking entirely, buy cases of canned soda rather than two liters, as they will usually last longer without going bad, and can help limit the amount of soda you drink in a single sitting.

Get Agricultural
Do you eat peppers, tomatoes, and green onions? Well good news, these are just a few of a huge selection of foods that you can easily grow yourself with minimal effort. You can even plant celery stalks and green onion stubs that are left over from cooking and these will be ready to harvest within two weeks.

Put Your Phone to Work
There are countless apps that will help you to find savings on groceries, gas, tickets, and just about everything you can think of. GasBuddy is a great app to find cheaper gas, and apps like Zap Surveys will actually make you money from anywhere you have service.

Other Blogs you Might Like: Banking vs Investing!

July 15, 2019 0 comment

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