- Become an expert in your field
Becoming an expert in your field or a specific subject can significantly enhance your ability to earn money online as a student.
If you excel in a particular subject, don’t hesitate to monetise your expertise. As the saying goes, “If you’re good at something, don’t do it for free.”
There are various ways to become an expert, such as deepening your understanding through advanced courses, staying updated on industry trends, and actively engaging in practical applications of your knowledge.
Websites like Chegg provide opportunities for students to offer tutoring services and answer academic questions.
According to recent statistics, the online tutoring market has experienced substantial growth, with the global online tutoring market expected to reach US$188,256.02 million by 2027.
By joining platforms like Chegg, you not only contribute to the academic success of others but also earn money for your expertise.
This helps you financially as a student and establishes a pathway for future career opportunities by showcasing your proficiency in a specific subject.
- Acquire sales skills
Acquiring sales skills as a student can be a game-changer for your online earning potential.
Sales skills are essential for traditional business roles and invaluable in the online marketplace.
Being good at sales equips you with the ability to effectively communicate, persuade and build relationships – qualities that are highly sought after by companies across various industries.
Many companies, whether they operate in retail, technology, or services, value people who can help them sell more.
Having sales skills can also open doors to many job opportunities, from affiliate marketing to e-commerce management.
- Freelancing
Freelancing platforms offer a promising avenue if you are seeking to earn money online without any upfront investment.
According to a recent survey by Freelancers Union and Upwork, the freelance workforce in the US alone has grown to 59 million people, contributing US$1.2 trillion to the economy.
Websites like Upwork, Fiverr and Freelancer connect you with clients seeking various services, such as writing, graphic design or programming.
Signing up on these platforms is free, and you can create a profile showcasing your abilities to attract potential clients.
The flexibility of freelancing allows you to manage your time effectively, balancing work with academic commitments.
- Subtitle writer
Given the surge in online video consumption, this field has witnessed significant growth, with the global subtitling and captioning services market expected to reach US$500 million by 2028.
In an era where video content dominates various platforms, subtitles are crucial for accessibility and expanding audience reach.
You can find subtitle writing opportunities on freelancing websites like Upwork or Rev. This skill allows you to contribute to various projects, from YouTube videos to online courses and even collaborations with influencers who want to make their content more inclusive.
The process typically involves transcribing spoken words and synchronising them with the video, ensuring accurate and readable subtitles. Subtitle writers can charge per minute of video or per project.
Fluent in a foreign language? That only means higher chances for you to land more subtitling roles.
- Influencer marketing
Pursuing influencer marketing is great if you are looking for ways to earn money online as a student.
Brands are eager to tap into the audiences that influencers command on platforms like Instagram, YouTube and TikTok.
As of 2022, there were over 37 million YouTube channels, and the platform paid out billions of dollars to content creators annually. If you have a passion for creating engaging videos, consider starting your own channel.
Building a loyal audience can lead to ad revenue, sponsorships, and other monetisation opportunities, whether it’s educational content, vlogs, or entertaining skits.
Companies pay influencers to promote their products or services to their engaged audience, leveraging the trust and connection the influencer has established.
Take, for example, the world of celebrity endorsements. The partnership between Michael Jordan and Nike is often considered among the greatest celebrity endorsements ever.
It didn’t just sell shoes; it inspired a generation of athletes and sneaker lovers. Nike had set a goal of earning US$3 million from the “Air Jordon” in the initial three years of the collaboration.
To their surprise, in its very first year, it not only achieved this target but surpassed it, making an astonishing US$126 million.
- Online tutoring
Another avenue for you to explore is online tutoring. With the rise of virtual learning, the demand for online tutors has surged.
The global online tutoring market is expected to grow by US$153.07 billion over the next five years.
Platforms like Chegg Tutors, Tutor.com and Wyzant provide opportunities for you to offer academic assistance in subjects you excel in.
Registering on these platforms is often free, and you can set your own schedule to fit around your studies.
-Studyinternational
