School can be expensive! Textbooks, rent, and that daily coffee can add up fast. But don’t worry, there are ways to make some extra money without giving up all your free time. These are called side hustles, and they’re perfect for students.
We’ve got seven cool ideas to get you started in 2024. They cover different skills and interests, so there’s something for everyone. Each one comes with a real-life example to show you it can be done, plus a simple rating for how easy it is to learn, how much you might need to spend to start, and how much you could potentially earn.
Ready to say goodbye to instant noodles and hello to some fun new stuff? Let’s find the perfect side hustle to boost your bank account and make you a money-making master!
Here are seven side hustles students can start in 2024, along with real-life examples and practical ratings:
1. Faceless Short Form Content
Example: Daniel Bitton Daniel Bitton started using social media for fun at the age of 13. By 16, he’s earning half a million dollars monthly by creating short-form content on Snapchat without showing his face. The competition between platforms like Snapchat, YouTube, Instagram, and TikTok for content creators is fierce, making this a lucrative opportunity.
Ratings:
- Learning Time: 4/5 – Creating engaging short clips requires understanding human psychology and creating compelling content.
- Initial Investment: 1/5 – You need just a phone and an internet connection.
- Earning Potential: 1/5 – Social media platforms are offering substantial payouts to content creators.
2. Investing
Investing might not be a traditional side hustle, but it can generate significant passive income. By consistently investing in the stock market, particularly in index funds, you can grow your wealth over time. Using a strategy like dollar-cost averaging can help mitigate market volatility.
Ratings:
- Learning Time: 1/5 – Basic investment principles are straightforward.
- Initial Investment: 1/5 – Start with as little as $1.
- Earning Potential: 1/5 – It requires consistency, but over time, investing can yield substantial returns.
3. Discord Building
Example: Chris Peters Chris Peters, at 19, makes $15,000 a month from building and managing Discord servers. Starting by offering free services to gain experience, he now manages multiple servers for various clients. Discord’s increasing popularity presents a significant opportunity for those who can master its features.
Ratings:
- Learning Time: 2.5/5 – Basics can be learned quickly, but advanced skills take time.
- Initial Investment: 1/5 – A computer is all you need.
- Earning Potential: 1/5 – With a few clients, you can easily make $1,000 a month.
4. Online Coaching
Example: Jack Jefferson Jack Jefferson quit his $70,000 job to pursue online fitness coaching full-time, earning $7,000 a month. Online coaching extends beyond fitness and can include various skills and knowledge areas, making it a versatile side hustle.
Ratings:
- Learning Time: 2/5 – If you already possess a skill, learning to coach online is straightforward.
- Initial Investment: 1/5 – A laptop is all you need.
- Earning Potential: 1/5 – Personalization and regular client check-ins can make this a highly profitable venture.
5. AI Animation
Example: Mercy Mercy makes $8,000-$10,000 a month creating AI-driven animations. AI tools like ChatGPT and Midjourney simplify the process, but mastering animation skills is crucial to stand out.
Ratings:
- Learning Time: 4/5 – Mastering animation skills takes time, despite AI assistance.
- Initial Investment: 1/5 – Early adoption of AI tools requires minimal investment.
- Earning Potential: 2/5 – High demand for unique, engaging content can yield substantial earnings.
6. Reselling Luxury Items
Example: Ben Gallagher Ben Gallagher generated £7.2 million through his business, Luxe Collective, by reselling luxury items. This side hustle involves sourcing, authenticating, and reselling high-end products.
Ratings:
- Learning Time: 4/5 – Requires knowledge of luxury brands and authentication.
- Initial Investment: 3/5 – Higher initial investment for inventory.
- Earning Potential: 3/5 – High profit margins but requires expertise and investment.
7. Freelance Digital Marketing
Freelance digital marketing offers opportunities to work with various businesses to improve their online presence. This can include social media management, SEO, content creation, and more.
Ratings:
- Learning Time: 3/5 – Requires knowledge of digital marketing strategies.
- Initial Investment: 1/5 – A computer and internet connection are sufficient.
- Earning Potential: 2/5 – Consistent demand for digital marketing services can lead to steady income.
Conclusion
Starting a side hustle while studying can significantly boost your financial security and provide valuable experience. These seven side hustles offer diverse opportunities to leverage your skills and interests, ensuring a promising start to 2024.
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