Disclaimer: The information in this post does not intend to provide you with quick “get rich schemes” neither has any stipulation about potential income. This topic has solely educational purpose and aimed to help students to expand their options on the ways to pay back their student loan.
If you have to side hustle whilst studying you will find the following information quite entertaining and perhaps helpful.
Your time is precious
There are plenty of suggestions all over the internet on what to do to get some extra cash for your needs as a student. Commonly these known as students side hustling. Here is a good article if this is something you are into.
Its quite clear these activities won’t make you rich and in most occasions it may not even be enough to pay for your basic needs. What about things other than rent, clothes, food and transport? What about fancy gadget you have always wanted or a car or may be a holiday trip with your mates, what about the lifestyle you desire? Right now you may be thinking: “well this is exactly the point – I am going through limitations now and dedicate my time to traditional education to be able to afford all of these things later.”
Great! I wish you best of luck and I sincerely hope it happens. But you need to know its not always the case, so keep reading…
Your time is precious and whilst you are still young – why waste it on the activities which either not going to make you the good money or not going to give you a practical experience you can benefit from?
The time flies quickly and right now you may feel you have plenty of it, but the sooner you will realise how much you can do with it, the more you will achieve in your life. Investing your time wisely is the only way to actually benefit from the work you do both financially and practically. I wish someone gave that advise to me when I was side hustling during my college years.
As a student, do you really want to trade your time doing cleaning or walking someone’s dog or pouring the drinks at the bar or would you rather do something where you can gain new useful skills and useful knowledge which you can then apply to make a living should something not go according to the plan after you graduated.
Why are you in college?
When you went to college, you probably made a decision to invest your time into something worthy, which you can benefit from in future. You went there with the intention to get a good job after graduating. Whether you wanted to expand a knowledge in your passion or picked a course which you believed will help you to get a dream job in future, the final goal in most cases was to graduate so you can get a proper job to get paid, right?
What if I told you this may not happen… Sounds pretty scary, isn’t it?
The statistics shows that entering the college nowadays it’s like entering the lottery with just one ticket worth $40,000 – $150,000. If you are lucky to get the job you want –you win it back over the decades, paying off your loan if your salary meets certain criteria, if not – tough luck!
Do not take my words for granted, there are plenty of studies available from the most authoritative and trustworthy resources which demonstrate most graduates “not in jobs linked to their degree”
According to Federal Reserve Bank of New York research in 2015 44,9% of graduates were in the professions that typically do not require a degree. Additional, 4,6% percent of graduates were unemployed.
Figures in the UK are not much different. According to Higher Education Statistics Agency (HESA) 33% of graduates were in “non-professional” roles, working in areas such as administration and secretarial, skilled trades, service and caring industries and sales and customer service.
What do you make up form it?
College education does not guarantee a good job.
There is a massive misconception surrounding this matter which was imposed to us by our parents, government and traditional education system.
So while you are a student don’t waste your time doing “easy jobs” looking for “easy money”. Before you faced the real life learn how to make good money and apply your knowledge to practise as soon as you can.
Money making is a vital subject you need to learn and this subject is not something you are taught in college. This is something you need to learn yourself. There are plenty of people who made themselves extremely successful in life following this idea, rather than formal education processes. Bill Gates, Mark Zuckerberg, Richard Branson, Steve Jobs, Oprah Winfrey and many others. These people dropped out the college following their big ideas and passions and learnt how to turn it into businesses.
Does it mean you have to drop out of college to become successful?
Absolutely not! Formal education is important and it still increases your chances to get a good job. Although, there are many professions you not necessarily have to have a degree for, there are some, which are impossible to do without formal education. For example, being an engineer, a doctor or a lawyer requires a formal degree. If you happen to be one of them in future, make sure you 100% committed and study well. These professions are normally well paid and you should not have much trouble with being employed.
The point I am trying to make here is whether you get the job of your dreams or not, you may still want to learn some money making skills for the backup in future and for your needs right now.
I am a busy student – do I have any alternatives to side hustling?
Imagine if there was a way when you can make money, but you do not have to do much for it.
Well, practically such thing exists and it’s called passive income. Passive income is an income received on the regular basis, with little to none effort to maintain it. There are number of ways your passive income can be generated:
- Renting a property
- Interest from a bank account
- Interest in stock or bonds
- Licensing a patent
- Earnings from a business that does not require direct involvement
- Earnings from internet advertisements on websites
- Internet marketing
…and many more
Is passive income my thing?
The idea of passive income is obviously great, but you might be thinking whether it is applying to you. Presumably most of the things listed above will not be suitable way for you to make passive income as they require a capital. But there is one, which definitely deserves your attention and this is internet marketing also known as online marketing. Unlike some other types of passive income, this does not come to you effortlessly. There is certain preparation you need to carry out before online passive income actually becomes “passive”.
Why online marketing?
Because all you need is your laptop and internet connection. There is no other business in the world, which requires so few tools to get running. So why try to do the things the hard way when you already have business instruments to work with? Just make them work for you.
This is as simple is it sounds!
Learn how to promote products and services online and get paid for it. This is the concept of online marketing. The beauty of this business is that you can conduct it from anywhere as long as you can get a laptop, an internet connection and a bit of a free time. It is like a “holy grail” for a busy student.
You can also do it in your own time and comfortably run your day to day activities. It’s great to have passive income as a student; it will not hurt when you will become a working professional.
Online marketing myths
If you do some research about online money making, you will come across the following statements:
“Get rich quick”
“Six figures in six weeks”
“Buy our expensive “know-how” money making method and become a millionaire”
“Get rich via multi-level marketing (ponzi schemes)”
“Get rich completing online surveys”
“Learn how to trade on Forex in 2 weeks”
These are SCAMS. Anything that promises you quick money without any effort is a SCAM. Don’t believe to these myths.
So what is online marketing then?
Legitimate online marketing is no different from offline marketing. The principle is the same is just offers you a better platform and better/quicker reach to your potential audience.
The idea here is to find a market niche which may be related to your hobbies or interests so it keeps you curious and promote products or services which may be appealing to the market within that niche. It can be your own products or services if you have any or able to create them or it can be others – this called affiliate marketing. There are plenty of companies available in any scopes which are offering individuals to become an affiliate marketer.
This is how it works
- You pick a niche
- You create a website or a fan page (Facebook)
This can be done if few clicks and does not require big effort and I will show how later
- You fill it with useful content appealing to your market and include some of the paid products or services
- You drive traffic to your website and get sales.
Where to learn more about passive income and internet marketing?
On the way to the success in internet marketing I have bought endless amount of courses, webinars and training. I followed many “gurus”. I have bought plenty of books and been a member of different online schools including the largest and most expensive you can find. I spent a fortune trying to learn about internet marketing, but most of it was waste of my time and money. Very often I was coming across experts in the specific field such as copywriting, email marketing, SEO or website building which did not give me the whole picture of the process. There were some other sources which were good to inspire, but did not have clear instructions on what to do with this inspiration.
Everything changed when I stumbled across WealthyAffiliate.com – online marketing community founded by two entrepreneurs Carson and Kyle. Not just a course or one off training – the whole community!
It is like a social network for internet marketers where everyone can study tailored courses, exchange experience, ask questions, overcome challenges, share success stories and learn new skills and most important implement your knowledge to make money.
Having some experience in the field I was blown away with the amount of highly valuable information and quality training provided and a lot of it for FREE!!!
The best thing is that you do not need to repeat my experience researching different sources and filtering out the crap. Just take advice from the person who failed enough looking for the ideal formula and start with the right thing right from the beginning.
Why WealthyAffiliate.com (WA)?
I created this blog using 80% of the training I received from WA. The fact you have read it so far clearly means it works.
Affordable, practical, tons of value, great community support and step by step instructions which are easy to implement to get going. No fluff, no fake, no silly promises and no “buy in-your-face” techniques.
There are no other online marketing schools which I could compare to WA.
Smartly structured layout and self-explanatory navigation makes this school and amazing resource of immense knowledge everyone can receive. Carson and Kyle created this portal with community’s best interest in heart. Everyone joining it will feel warmly welcomed and will feel the part of the group. Learn marketing, share you success stories, ask questions seek help or find business partners – everything is possible here. All training is up to date and adapted to the current level of technologies which is a big winner in fast paced internet environment.
What to expect?
So how much money can you make as an online marketer? Unfortunately, there is no definite answer to this question. You can make six figures annual income or you can make none. There are number of examples when people got successful and ultra-rich online in relatively short amount of time following simple techniques and there are number of examples when people failed to make a single dollar.
All depends on the amount of time and effort you are willing to contribute, as well as your determination, ambitions and goals. As with anything else in life, if you passionately want it – you will most likely get it!
One thing I know for sure, with the right training EVERYONE can do it! We are all semi marketers nowadays and we picked some marketing skills posting on Facebook, Twitter, Instagram and other social networks. Think about it – each time you make a post or promote an event to your friends you are marketing it in a sense. You are marketing your opinion, your experience, yourself, but you do not get paid for it. All you need to do is to learn how to monetise your marketing.
The opportunities are huge. With over 3 billion internet users 85% of who are buying online to become a mediator in some of these transactions is a no-brainer.
What’s the deal?
When you first register as a free member you get to the “Welcome Page” where you offered to take Level 1 – Online Entrepreneur Certification.
There are 10 Lessons which will show you how to create a website and fill it with good quality content from scratch. Having zero knowledge in the industry you can get this done in less than 24 hours and you taught this for FREE.
If you want more detail on a particular subject just head to search option and type a keyword to get instant access to the training, videos, webinars and blogs collected by the school over the years and ready to be gabbed for your advantage.
If you get stuck or feel overwhelmed feel free to reach to the community or creators and help will come with no delay.
Training navigation is amazing and takes only few days to get full understanding about how online marketing works.
Does it cost anything?
A lot of information provided on the WA does not cost you a penny. Yes, its absolutely FREE! You can learn a lot and use your knowledge to build websites or blogs similar to this one.
Online marketing is a great alternative to side hustling if you dedicate enough time to it to become successful and who knows, may be one day you become so good that you will be able to pay off your student loan whilst still in college.
At the end of the day, what have you got to lose? Give it a try and good luck with your journey as an internet marketer!