Are you a business major in college looking to make a little (or more than a little) extra cash in your free time? Check out our tips for five ways to make money on the side.
Cash-Strapped College Students
We all could use a little extra cash here and there, especially college students who are dealing with the burden of high tuition bills, expensive textbooks, and the costs associated with being on their own for the first time. If you're a business major tired of eating ramen and ready to find a way to rake in some money on the side, here are our suggestions for five doable ways to put your skills to work.
1. Work as a Virtual Bookkeeper
According to Ben Robinson of www.learntobeabookkeeper.com, you can make up to $60 an hour as a virtual bookkeeper, and you don't even need to be a certified public accountant (CPA)! Your business knowledge and computer skills should be enough. Robinson says the most important thing is to have real-world and effective online communication skills. If you're interested in pursuing this opportunity, Robinson's website is a useful jumping-off point.
2. Try Micro-Investing
One way to put your financial knowledge to use when pursuing passive income is to try out micro-investing; there are even some apps that will automate the process for you. The app Acorns, for example, allows you to round up all of your debit and/or credit card purchases to the nearest dollar and automatically invests the ''spare change'' for you, allowing you to earn some extra money with very little effort on your part.
3. Sell Your Old Stuff
Chances are, you've managed to acquire some extra junk in your 18+ years of life. If you have any spare items lying around that you wouldn't miss, consider selling them to earn a bit of cash. Garage sales are always an easy, timeless option, but it might be even more convenient to opt into selling online. You can sell pretty much anything through online marketplaces like eBay, Craigslist, and Mercari, but there are also options for specific items. Check out:
- Poshmark, ThredUp, and Tradesy for clothes
- Swappa, Gazelle, and Decluttr for electronics
- BookScouter and Chegg for books
4. List Your Skills on Fiverr
Fiverr is an online marketplace where you can offer your services to buyers, starting at $5 per project. For instance, you can put your business skills to use by working as a virtual assistant or by doing data entry, market research, business plans, product branding, presentations, and even flier distribution. And if you have any other specialized skills like writing, design, music, or digital marketing, you can make even more money.
5. Work as a Business Expert Q&A Contractor
Study.com is looking for Expert Q&A contractors in three business subject areas. As a Study.com contractor, you'll be self-employed, meaning that you can work whenever you want, from wherever you want, and as much or as little as you want. As a business major, you can hone in on your personal specialty to work in one of three unique expert contractor areas, including accounting, economics, business operations management, and finance. Payment is processed easily and regularly through PayPal.
If you're interested in applying to be an Expert Q&A contractor for Study.com, click here to see some examples of study questions and answers.