Tuesday, October 13, 2009

Students Can Make Money?

All students can do with a little extra cash. So what are some money making options for a student?

You could get a part time job. But let's be honest, most part time jobs aren't much fun. Nor do they pay fantastically well. Students often end up working long hours in a bar or restaurant for little money, others might get involved with part time manual work such as cleaning which might pay even less.

You will be pleased to hear that there are other options!

One thing that might appeal more to you is running a part time internet business. I strongly recommend this as an option for any student as this is something I have done myself.

Running a part time business online can benefit you three ways:

* You can make good money
* You are your own boss, and
* You can gain a lot of useful experience that can be used later on in life.

I imagine that as a student you will have a computer to help with your studies. If not, then you probably have easy access to a computer on campus or from a friend.

There are just two basic tools you need to run an online business - a computer and an internet connection.

Of course, you need a little bit of 'know how' also, but this knowledge can be surprisingly easy to obtain.

If you want to keep your online business simple then there are obvious options, such as selling unwanted items on eBay. You may have some old CDs, DVDs or books that you don't want any more that you can sell on eBay.

Selling this way will make you a bit of money but it is not hugely sustainable because you are soon likely to run out of stuff. To replenish stocks, you could visit some yard sales to buy things cheaply then resell them for a small profit on eBay.

As an alternative to eBay consider selling your unwanted items on Amazon, at the Amazon Marketplace. I have found it a really good site, to both buy and sell items. For example, I sometimes buy DVDs of TV series watch them and then sell them to someone else on Amazon. That way, the DVDs end up costing me just a few dollars rather than paying 30 dollars to buy them new. You can even come away with a profit sometimes!

But if you are REALLY SERIOUS about making a good income online (maybe a thousand or two thousand dollars a month - or even more) I would recommend doing what I did: be patient, take a long-term view and learn about marketing and selling over the internet.

It is important to try and get to grips with the following:

* Learn how to create and market a website: I spent some time learning how to create a website and just as importantly how to market a website... There are many ways to market a website online, for example you can use articles or you can use search engine marketing - such as Google AdWords).
* Create your own products and use affiliates: Once both things are in place, and you are generating traffic to your website, you can either send that traffic to another website - this means you will be an affiliate of that website and should earn yourself a commission on any sales made from traffic that you send to that website - or you can create your own products instead, maybe an ebook or marketing toolkit that you might then sell via your own website.

Before you get started on your own online venture it is very important to research the market to see what is selling, a good starting point could be a site called Flippa.com. Flippa is a site where you can buy ready-made websites, so by taking a look at the site you can see what the current trends are, for example which type of sites are in demand and trading well.

As with most things, the more you understand the more money you can ultimately make for yourself. So you can start at the easy end (little stress, modest profits) - trading on sites such as eBay or Amazon Marketplace - or you could put in the time and effort to develop expert knowledge and build up a credible part time business that might make you a thousand, two thousand dollars a month, maybe more.

Who knows... maybe a year from now you may be pleasantly surprised to discover how much you have earned online working part time!



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