For students, finding ways to make passive income in college could be a lifesaver.
There’s no denying the seemingly never-ending expense that comes with obtaining a college education.
While you can always get a part-time job to help pay for your needs, not all students can fit one into their busy schedules.
This is where passive income streams come in.
What Is Passive Income?
In a nutshell, passive income is money earned from a source other than a contractor or an employer.
As the name suggests, it’s any income you get but don’t actively work for.
The idea is that you don’t have to work hours after hours until you break your back to keep earning money.
Think of it as a ball rolling downhill—once you get it rolling, then it’s good to go.
Compared to traditional full-time jobs, it does not require that you follow fixed work hours, nor does it demand too much effort.
Instead, you can decide when and how much time you choose to dedicate to that specific side-hustle.
As you can imagine, this setup is ideal for students as it won’t interfere with their studies and even their extracurricular activities.
Ways to Make Passive Income in College
If you are a college student looking for ways to earn some extra money, we’ve got your back.
Below are some of the best passive income ideas you can take on without sacrificing your time for schooling.
With these, you will have enough money to cover living expenses and a few extra bucks to spend on your wants.
Got a Car?
Not all college students own a car, but those who do can use it to earn extra money.
Besides, having a car on campus also often means additional expenses, so using it to earn extra bucks will only benefit you.
You can use what you earn for gas money or buy yourself something you wouldn’t otherwise spend money on.
Here’s what you can do to take advantage of that privilege:
Print ads on your car
If you regularly drive around campus, you can work with an advertising company to use your car to showcase their ads.
By doing this, you can either earn a commission or a regular income without incurring any expense.
Plus, it’s an easy, low-risk passive income source that yields a high return on investment.
If you decide to do this, you might be asked to present a clean driving record.
Also, some advertising companies only do business with owners of roadworthy cars.
Depending on what package you get, you can get anywhere from 400 to 600 dollars a month doing this.
Rent it out
Since your car will most likely be sitting in the parking lot all day, you can earn good money by renting it out to those who don’t have their own.
You can choose to rent it out to friends or join car rental apps to reach an even bigger customer base.
Of course, it’s important that you make sure your car is in excellent condition if you decide to do this.
With enough regular clients, you can easily bag hundreds of dollars passively each month.
Drive for Uber Eats
If you don’t like other people driving your car, you can use it to make extra income by delivering food instead.
One awesome platform for this is Uber Eats.
You’ll simply need to sign up with the company and earn thousands of dollars offering food delivery services.
The catch is that you will have to find the time to commit to it, as your income will depend on the number of deliveries you make.
Another way to make money passively while in college is to offer ride-sharing services.
Again, Uber is an excellent platform where you can do this.
After signing up with the company, you can offer rides to customers around town during your free time.
Besides Uber, there are many other companies popping out left and right with the same business idea.
You don’t have to go out of your way to earn extra money, too; you can take passengers on your regular route to and from school.
Got a Way With Words?
As mentioned, only a handful of college students have a car. And if some do, not all of them bring theirs to campus.
This is especially true if you’re from the city.
If this is the case for you, there’s no reason to lose hope yet; you can earn passively in many other ways.
For instance, if you have a way with words, here’s what you can do to use that to your advantage:
Sell your notes and old college papers
Do you like helping other students out? The awesome thing about this is that you can turn that into an income-generating scheme too.
You will find websites that buy notes, essays, and papers from students to sell to another.
There’s no need to worry about plagiarism, too, as these sites edit the content before selling it to another student.
Your earnings will depend on the quality and content of your work. Nevertheless, it’s an excellent gig that won’t take away from your time.
Using a laptop and a good pair of headphones, you can offer transcription services to clients and companies that need them.
For a college student, this is a lucrative and easy gig you can do on the side.
What’s more, it offers fair pay, with some earning up to 20 dollars an hour depending on skills.
Compared to other passive income ideas, transcribing lets you have total control of when you wish to work.
You will need to submit the text before the deadline, but we’re confident that that’s something you’re already used to.
Know how to write good content that sells?
With copywriting, you earn money by writing articles, press releases, infographics, and reviews for others.
If you want to take it to the next level, you can even start your own copywriting agency.
It might take you a while to get a hold of a regular client, but once you do, you can earn thousands of dollars a month doing this.
Teach a language online
Love sharing your skills with others? If so, you can earn extra cash by becoming a language tutor.
You can do this in person or online, but both can help you make use of your love for teaching.
It doesn’t necessarily have to be a foreign language too. You can teach English to ESL students from all over the world.
Instead of spending your precious time tutoring another person, you can also choose to create an online language course instead.
Start a blog
If you enjoy writing, you can use that to earn extra cash by starting your own blog.
The goal is for your blog to have enough visitors so that you can monetize it.
You can display ads, do affiliate marketing, or post articles and reviews of almost anything and everything under the sun.
Do note that starting a blog requires an initial investment, such as paying for web hosting services.
Luckily, with sites like A2 Hosting, your blog can have a better chance of succeeding.
This reliable web hosting provider guarantees fast page load speed, which then translates to better ranking and higher conversions.
Love the Arts?
If you’re more a visual artist than a writer, you can earn a passive income by doing what you love.
You can do this for fun and to de-stress, but wouldn’t it be better if you make money from it too?
Creatives will find a long list of ways to make passive income in college, but here are some of the most common:
Design logos and small graphics
Designing logos may not be easy, but those who understand the rules of graphic design can make good money doing it.
Aside from logos, you can also do other design work for websites and businesses that need it.
Some even offer complete branding services, and you won’t run out of companies needing help in this area.
Got unique and creative T-shirt designs you know will sell? You can get paid for your art by selling your custom-designed T-shirts online.
What we like most about this side gig is that you can do more than just print interesting pictures; even witty phrases and trendy sayings work too.
Sell your crafts
If you love arts and crafts, you might want to try your hand at selling your work on Etsy and other similar sites.
Look for selling platforms that focus on handmade crafts, which can include anything from greeting cards to paintings.
Not only will you be able to de-stress by doing what you love, but you can also get a steady flow of money selling them.
Even better, you can do crafts in your spare time and the confines of your dorm room.
If you’re up for it, you can also sell your stuff on your own website.
With the help of an email marketing service like AWeber, you won’t have a hard time getting in touch with your customer base.
Become a calligrapher
You don’t always have to be good at drawing or making crafts to make money with art.
Instead, you can put your decorative handwriting skills to good use by becoming a calligrapher for hire.
Because of its elegant beauty, calligraphy is often used for invitations and other stationery for special events.
Sell stock photos and videos
Almost anyone these days own a smartphone with a good-quality camera built-in.
Because of this, it’s not surprising that more and more people are falling in love with photography.
If you have the eye for taking good pictures, you can sell stock photos and videos to earn extra bucks.
Instead of having them take up space on your computer, you can find companies willing to pay good money for them.
Are You Tech-Savvy?
Those always on their phones or laptops also have a chance to earn passively.
The key is figuring out which gig matches your skills and your school schedule.
For instance, depending on what your tech skills are, you can do the following to make extra money in college:
Take online surveys
Many companies rely on online surveys to know what their customers are saying about their products and services.
Then, they will use what they learned to better their business.
What’s good about this is that many online survey sites are willing to pay a few bucks to anyone willing to participate in the survey.
Aside from cash, some brands offer store credits, gift cards, freebies, and discounts.
Answering surveys won’t make you rich, but it’s something you can easily do during your free time.
Often, you won’t even need a laptop or PC for this; your smartphone and a stable internet connection should be enough.
Do data entry
Do you enjoy info and data processing? If so, you’d be thrilled to learn about this next passive income stream.
The best thing about doing data entry work is that you don’t need to be a genius to do it and earn money from it.
Basically, you’ll only need to process often large amounts of data via different computer systems.
If you are a genius, you can work around this by creating a program to automate the work.
With this, you can earn about 20 bucks an hour without doing too much manual labor.
Do you spend hours in front of the screen playing your favorite video games?
The good news is, you can make money out of it by streaming your game on YouTube or Twitch.
Then, as more and more people watch your stream, you can monetize your account or receive rewards and gifts from fans.
Offer Chatbot services
With enough tech knowledge, you can create and monetize a chatbot to earn money from it.
The idea is to offer chatbot services to companies and businesses.
This computer program then assists these businesses in communicating with their customers or potential buyers.
Venture into affiliate marketing
You’ve probably heard of affiliate marketing several times before, and for good reason.
It’s a reliable money-making scheme that lets you earn good money without being a slave to a nine-to-five job.
To try affiliate marketing, start by finding a business that offers one.
You will then be provided with an affiliate link that you need to promote to an audience.
Every sale made using your affiliate link is equal to a commission, which can either be a fixed fee or a small percentage of the sale.
Basically, how much you earn will depend on the affiliate program you sign up for.
One way to promote your affiliate link is by posting it on your own website.
For this, you can rely on sites like Wealthy Affiliate to get you started on the right track.
Even without any knowledge in building websites, they will help you create one that meets your preferences.
If you sign up for lessons, you will get an insider’s look into the latest techniques to boost traffic to your website.
Become an influencer
Do you have a solid online following? If so, you might be able to use that to your advantage by becoming an influencer.
By promoting products and services on your social media accounts, you can earn extra money through commissions, ads, endorsements, and more.
Your best bet is to focus on a specific niche, such as fitness, lifestyle, travel, or beauty.
This way, you will have a better chance of growing your follower count even more.
Start a podcast
What once belonged to blogs is now being taken over by podcasts.
Compared to blogging, it’s easier to promote your affiliate link in a podcast.
After all, you won’t necessarily need to fit the service or product into your content. Rather, you can advertise it during breaks on your podcast episodes.
To start one, you will need to buy a decent set of recording equipment, such as a microphone.
Then, choose a niche, research, and start recording! For even more fun, you can tap in a friend to be your co-host.
Build an eCommerce website
If you’ve got products and services to sell, you can make good money by building your own eCommerce website.
One of the secrets to a successful eCommerce website is good marketing.
With online platforms like Jaaxy, you’d be able to figure out why your competitors’ websites are ranking.
Then, you can use that knowledge to boost site traffic and, eventually, sales.
Apart from selling, you can also earn passively by displaying ads, doing affiliate marketing, and drop-shipping.
The Road to Financial Freedom Starts Now
For most students, getting a college education means going into debt because of all the expense that comes with it.
If you don’t want to become one of the victims of this sad reality, choose to start earning passively as early as now.
This way, you can focus more on learning instead of worrying about where to get money to pay your bills.