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Passive Income Ideas For Students (2024 Update): Everything You Wanted To Know!

By: Joel & Josiah
Passive Income Ideas

Are you a student searching for ways to boost your income without compromising your limited time?

Look no further! My curated list of passive income ideas for students is tailor-made for you.

As a student, you already have enough expenses to handle, from tuition fees to housing and books/supplies, and finding a reliable source of income becomes crucial.

Juggling a busy course load while trying to earn money through traditional jobs, loans, or family assistance can be overwhelming, and relying on credit cards is not an ideal solution.

The key is to find a way to make money that doesn’t demand constant time and energy, allowing you to focus on your studies and personal growth.

Passive income sources offer the perfect solution for students, granting you the opportunity to generate income while efficiently managing your time.

Let’s explore what passive income stream means and discover the best passive income ideas perfectly suited for students!

PROS

  • Flexibility and diversification
  • Potential for long-term income
  • Utilize existing skills & knowledge

CONS

  • Requires time & patience
  • Risk and uncertainty involved
  • Difficulty balancing with studies

Why Listen To Us?

My name is Josiah, and this is my Dad, Joel.

Together, we make up the team here at Scamrisk.

If you’ll let me bother you for two minutes, I’d like to quickly explain why I’m even here writing this review.

In early 2020, I had just graduated from college & had no real career prospects.

I knew I was destined for something more, but I had no clue how I was going to make it happen.

I had this sinking feeling in my gut all the time… like the “big man upstairs” had accidentally given me the version of life where I’d be mediocre forever, instead of the one where I was, ya know – happy & fulfilled.

Anyway…

I had fiddled around with some different online businesses in college:

Some random MLMs, a bit of affiliate marketing, a (failed) dropshipping store or two, all the usual suspects.

Even my dad had been involved in MLMs back in the day… selling knives & other random nonsense people (probably) didn’t need.

All I really wanted was to find something that was going to actually work for me.

Maybe those things had worked for others, but for me it all turned up a fat “0” in the bank account department.

So I searched! And searched… and searched… and searched…

And eventually, I somehow stumbled upon a program that promised to help me build an income online (read about it here if you’re curious).

I didn’t really want to be “rich”.

The thought of making a reliable $5K per month & not having to worry about clocking in to a 9-to-5 ever again was all I needed.

Sure, there were people in the program doing high-6 and low-7 figures per year… but that wasn’t what I was out for.

I just wanted to provide freedom for myself, and if I was lucky, take my family along for the ride.

Fast forward a few days and a few phone calls & I was enrolled!

Here’s the first “money making website” I put up:

I built that site in 2020, and it still makes me $1,500 per month. It’s a basic 5 page website I built based on a template the program provides.

The best part to me? My dad and I get to do it all together!

So between the:

  1. Ease of reaching $5-$10K per month in income online
  2. Straightforward-ness of the system to do it
  3. Fact that I get to do it w/ my family

Is why I recommend local lead generation as my #1 business model for making money online.

Sure, it takes some work and dedication – but anyone that tells you that there’s a business out there that requires no work is selling you a lemon.

I’m not saying you need to sign up for the same program I did, but I would definitely recommend giving the business model a peek!

Contents

30 Easiest Passive Income Ideas For Students

things you can make money from selling right now

  1. License Your Music

    If you’re musically talented, record your own songs and sell licenses for their use online. Every time your song is played, you’ll earn a royalty.

  2. Opt for a High Yield Savings Account

    Put your money to work by choosing a high yield savings account. With monthly interest earnings, your money will grow even while you sleep.

  3. Write an E-Book

    If writing is your strength, consider composing an e-book on a subject you’re familiar with. It’s an excellent way for students to earn extra money.

  4. Create & Sell Online Courses

    Share your knowledge and skills through online courses. Whether it’s makeup techniques or time management strategies, an online course can generate income long after its creation.

    Robinhood Crypto

  5. Start Investing in the Stock Market

    Use apps like Robinhood to start investing small amounts of money over time and begin building wealth.

  6. Create Templates and Printables

    Use your design skills to create editable templates for social media and sell them on platforms like Etsy.

  7. Housesit for Extra Cash

    Earn semi-passive income by housesitting for others while they’re away.

  8. Earn Rewards with Your Credit Card

    Sign up for a credit card with cash back rewards to earn money on your purchases, but remember to pay off the balance each month to avoid interest charges.

  9. Get Cash Back on Purchases

    Sign up for cash back rewards apps like Rakuten, Fetch, and Ibotta to earn money on every purchase you make.

    photographer

  10. Sell Your Photography

    Turn your photography skills into a source of income by selling your stock photos online to stock photo websites.

  11. Invest in a Vending Machine

    Investing in a vending machine and keeping it stocked with products is a great passive income idea.

  12. Utilize Affiliate Marketing

    If you have an established online platform, leverage it to earn money through affiliate marketing by promoting products and earning commissions on sales.

  13. Engage in Peer-to-Peer Lending

    Lend out your extra money to others in need and charge interest on the loan to earn extra cash.

  14. Monetize a Blog

    Although it may not bring immediate income, a well-maintained blog can generate revenue for years to come. Consider selling ad space, incorporating affiliate links, or offering sponsored posts.

  15. Launch a YouTube Channel

    If you prefer making videos, create a YouTube channel and start earning passive income through advertising and sponsored content.

  16. Create and Sell an App

    If you have programming skills, design and sell your own mobile app or offer freelance app development services.

  17. Engage in Influencer Marketing

    Leverage your social media following by offering sponsored posts for brands and products in return for payment.

  18. Rent Out Your Parking Space

    If you have an available parking spot on campus or in your driveway, rent it out to another student for extra income.

  19. Rent Out Your Belongings

    Make use of items you own by renting them out to others, such as gaming systems, bikes, or other valuable possessions.

    Car Advertising

  20. Advertise on Your Vehicle

    Turn your car into a mobile billboard and earn money by charging companies to advertise on it while you drive around campus.

  21. Sell Reusable Templates

    Use your graphic design skills to create reusable templates for various purposes, such as invitations or social media posts, and sell them online.

  22. Rent Out a Spare Room

    If you have extra space in your home, consider renting out a spare room to earn extra income.

  23. Design T-Shirt Artwork

    Create unique t-shirt designs to sell online, either by selling design templates or letting customers purchase custom-made shirts.

  24. Provide Voice-Over Services

    If you have a great voice, offer your services for voice-over work on platforms like Fiverr and Upwork.

  25. Rent Out Your Fashion Finds

    Make money by renting out high-end clothing and accessories from your closet.

  26. Offer Shipping Services

    Consider using your truck to offer shipping services for people in need of transportation.

  27. Offer Storage Space

    If you have extra room, offer to store someone else’s belongings in your home or garage for a fee.

    Freelance Writing Jobs For Beginners

  28. Sell Your Notes and Study Guides

    If you take excellent notes or create helpful study guides, consider selling them to other students in need.

  29. Create and Sell Worksheets

    Design and sell educational worksheets for various subjects or purposes online.

  30. Become a Call Center Operator

    Make extra money by working as a call center operator during your free time.

Frequently Asked Questions (FAQs)

FAQ Frequently Asked Questions

How can an 18-year-old generate passive income?

An 18-year-old may generate passive money by producing their own goods, joining affiliate networks for their favorite products or services, selling their school parking space, or beginning a monetizable social media channel or blog.

These are some examples of passive income streams.

What is the easiest way for a college student to earn passive income?

One of the most straightforward methods for college students to make passive money is to use something they already own. They may sell their pictures, music, storage space, or even their parking place.

How can I achieve an extra $1,000 in passive income per month?

Aiming for an additional $1,000 each month is a fantastic aim.

Consider beginning by selling something, providing virtual assistant services, or developing a monetizable platform such as a social network account or website.

Can I create passive income without any initial investment?

Absolutely! You may start earning passive money right now with no upfront commitment. Begin by establishing a popular YouTube, Instagram, or TikTok channel.

You may monetize your channel as your audience rises. You may also share your knowledge by creating online courses, ebooks, or selling things on sites like Etsy.

How can a student earn a substantial income?

Traditional employment, such as bartending or serving, may provide a large salary and active income for students. These tasks, however, may be labor-intensive and time-consuming. Real estate investments, on the other hand, require a significant upfront investment.

Consider completing online surveys in your leisure time or working as a virtual assistant for a more flexible and passive approach. These popular passive income ideas may generate additional revenue without requiring as much physical effort.

What Is My Top Recommendation For Making Money Online In 2024?

Digital Real Estate

Our review team has spent months researching, reviewing, and vetting dozens of business models and thousands of programs.

While there may be no “perfect business,” the research IS conclusive:

Digital Real Estate is the #1 online business model for those just starting out.

Whether you’ve never made a dollar online or been in this space for a while but never really “made it,” Digital Real Estate is for you.

Why?

1) It’s Flexible: got an hour a day? You can do this. Ready to drop everything else and dive in full-time? You can do this. Yes, the more time you put in, the faster you see results. But even with a little time each day, you can move the needle in a Digital Real Estate business.

And because this system is so flexible, you don’t have to constantly be working to make more money. It’s called PASSIVE INCOME because if you stop working, the money doesn’t.

Imagine taking 3 months off to just tour around Europe, rent a cabin in the woods to write a book, hike the Appalachian Trail, or live on the beach and surf all day.

This is only possible if you have an income stream that’s not tied to your time.

TESTIMONIAL - JUMP ALL IN

2) You Own & Control EVERYTHING: With most of these dieas, you don’t really own anything. You have no control over the quality of products. You don’t even own your “business”.

Look at the fine print for most of the agreements folks sign when they join one of these companies. At any point, the company can change your commission structure, reduce your profit margins, or kick you out entirely.

With Digital Real Estate, you own the assets, which means you have all the power and all the control.

TESTIMONIAL - FEELING BLESSED

3) Little To No Startup Costs: It’s possible to get into Digital Real Estate with zero dollars upfront.

Because, using the strategies outlined in this program, you can get a client to pay you BEFORE spending a penny out of your own pocket…even before you do any work.

Even without getting paid in advance, you can have your first Digital Rental Property up, running, and generating profits for less than $100.

Lance Lead Gen

5) Easy To Duplicate: Ok, here’s the best part: once you have your first Digital Rental Property up and running, you can literally DOUBLE your income with a few clicks, a couple of keystrokes, and a single phone call (and you don’t actually need the phone call).

Remember: each Digital Rental Property is worth $500 to $2,000 monthly in semi-passive income (over 95% profit). Every time you decide to create another one and increase your income, it gets easier.

Because you have more knowledge, more experience, more results, and more momentum.

If you wanted to double your income with Passive Income Ideas For Students, you’d probably need to double the number of hours you spend working. Because, again, this program doesn’t scale.

Done Deal

6) Make Money Helping Real People: With Digital Real Estate, you’re actually helping people by solving your clients’ biggest problem:

Small, local businesses need more customers, and with Digital Real Estate, you are unleashing a flood of happy, paying customers for these businesses.

You make money by helping them make money.

Not a big, faceless corporation either…a small business owner who’s using that money to put food on the table for their family, start a college fund for their kids, or take care of a sick parent.

Once you see how Digital Real Estate makes a real impact in the lives of real people, you’ll sleep like a baby with a big smile on your face.

TESTIMONIAL-BOSS-OF-MY-FUTURE

Now, the choice is yours. You could continue browsing, looking at opportunities like Passive Income Ideas For Students which could one day make you money.

You could continue researching, never making a decision.

OR, you could take a look inside, consider what you really want, and join a program that makes your dreams a reality. At the same time, joining a community of over 2,000 successful students that are living life on their own terms, thanks to Digital Real Estate.

A consistent, reliable, semi-passive stream of income that doesn’t depend on you or your time to keep producing profits.

All while genuinely helping real people who are grateful and happy to pay for it.

If this sounds more like what you want out of life (or if you just want some nice side income), click here to learn more about Digital Real Estate.

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