Passive Income Ideas for Students to Earn Money While You Study

Student life is the best time of anyone’s life, going to college, spending time with friends, juggling between lectures and assignments, and so much more. But what if you can make passive income while doing all these things? That sounds good, right? And with an unemployment rate of 28% among the youths, earning early and enough becomes necessary.

But the question that arises is what those passive income ideas for students are that help them earn pocket money and make them independent from early years. If you are trying to find the answers to this question, then you have come to the right place. You can also learn about Business Ideas for Students. Here, you will be informed about the best side income sources for students.

Benefits of earning passive income as a college student

Pursue Your Interest	Doing some part-time job or earning from passive income sources help students explore their interests. This way they may even find their true passion, that can be turned into career in later life.
Earn Money	Students have several expenses other than academic ones. Side income sources help them earn enough money to pay for their expenses.
Learn Real-life Skills	Anyone can gain bookish knowledge with few efforts, but learning from real-life experiences is different. Students learn a lot about everything when they work on their passive income source.
Work Flexibility	Passive income ideas for students do not require them to engage in work activities as per any fixed schedule. Students can work flexibly
Work with Experts	Several part-time jobs require students to work under seniors, from whom they gain industry knowledge.

Passive Income Ideas for Students

1. Become a Subject Matter Expert

As a college student, you must excel in at least one topic. You can use your knowledge to help other students, too. You can become a subject matter expert in the field of your choice. This is one of the best passive income ideas for students to follow. And if you want to pursue this passive income job, then no place is better than Chegg India. As Chegg’s Subject Matter Expert, you get the chance to showcase your subject expertise by answering the questions posted by students on the platform.

There are numerous choices of subjects like maths, engineering, medicine, business, etc., that you can choose from, and for every correct answer given by you will earn you money. This is the best side income source for students because you will learn while earning.

Skills Required

1. Time management is a crucial skill in this job. You need to answer students’ queries within a set amount of time.
2. Knowledge management is important to balance what, when and how much to teach students.
3. The communication skills of a Subject Matter Expert make them different. How you interact with students shows your dedication to them.
4. Teamwork is necessary when you have to work with students and coordinate with them properly to achieve academic goals.

Earnings

As a Chegg Subject Matter Expert, you can make around ₹38000 per month, depending on the questions you solved correctly.

2. Sell an online course

You might have heard about creating and selling online courses. You will be doing the same in this passive income for students; just there will be no creating. As you are still a student, you can’t possibly create an online course, but you can help others sell their courses.

Many course creators need someone to market their courses and help them sell them. In return, you get a certain percentage of sales. This is a good side income job that students can easily do. You can start by asking your college professors who might have their online courses to promote.

Skills Required

• Great communication skills are the first thing you need to increase the course sales.
• Social Media Management is something that you must know. This way, you can promote the courses to a larger number of people.
• Marketing and selling skills are needed to sell courses without even trying to sell.
• You need to have persuasion skills so you can make people buy the course.

Earnings

As a passive income for students, you can make around ₹15000 per month from selling courses.

3. E-Sports Streaming

Many people worldwide enjoy watching and learning from others playing video games online. You don’t need a huge fan base to make some extra cash by streaming video games. Some streamers make enough money to make it their full-time gig. Streaming often lets you make a decent side income, even if you have only a few members. However, you need to be consistent in efforts and go live frequently on YouTube or your selected Esports platforms.

Skills Required

• Teamwork is the skill that you need to develop. Through teamwork, you can achieve more targets.
• E-sport game streaming develops your strategic thinking, as you must make big decisions in a few seconds.
• Leadership skills are required when you are in a virtual battlespace and have to lead your team.

Earnings

As an e-sport streamer, you can make ₹10000 per month, which is a great for a student.

4. Pet-Sitting Services

If you love animals and would like to earn some quick cash to spend time with them, pet-sitting is one of the best passive income ideas for students. Based on the needs of the pets being cared for, a pet sitter may need to visit the home once or thrice per day. And you get paid to take care of the pets when you are with them. Mostly, your clients are working professionals who don’t have much time to spend with pets. You can charge hourly or monthly basis, as per your need.

Skills Required

• One should have basic knowledge of animal behaviour and can understand them.
• Basic first aid skills are needed to care for a pet in an emergency.
• Problem-solving skills are needed in a pet sitter. This helps you in solving issues faced while handling pets.
• Patience is the skill you will require the most while working with different types of pets.

Earnings

As a pet sitter, you can earn around ₹15000 per month, increasing if you do it as a full-time job.

5. Rent Vehicle

If you seldom use your vehicle, you may make some money by renting them out. Using internet services, you can find someone to lend your bike/car or list your vehicle as a short-term rental. This is a great option if you are looking for a passive income idea that allows you to use your time and assets to make money. Companies like Uber and Ola are the best platforms for renting your vehicle. This way, not only will your vehicle be utilised, but you can also earn money from it without even driving yourself.

Skills Required

• Communication skills are necessary to make a good rental deal with clients.
• Computer Knowledge is required to browse websites, make rental bookings, and track your vehicle’s location.
• Marketing skills are needed to advertise your services, your vehicle’s features, etc., skillfully and effectively.

Earnings

When you choose this side income source and become a car rental agent, you can earn up to ₹30000 per month.

6. Sell Stock Photos

Putting your pictures up for sale as stock images is a great way to earn money without doing anything other than enjoying your hobby. Photos can be sold to businesses for a one-time fee. You may also sell the rights to use your images online and get royalty payments whenever someone buys them; this is one of the most preferred passive income ideas for students. What you need to do is find an authentic website or platform on which you can upload your stock photos, and it pays you for every download.

Skills Required

• Photography skills are a must. You need to be able to click detailed and beautiful photos to sell them for a profit.
• Social Media Management: Having a good presence on social media attracts potential buyers to your photos.
• Marketing skills are needed to sell your photos on multiple platforms without much effort.

Earnings

You can earn up to ₹3000 if you upload 200 stock photos for sales, and your earnings will increase with the number of photos you upload.

7. Become an Influencer

Social media gives ample passive income ideas for students. You can get paid for the number of people interacting with your postings on various social networking sites. Influencers make a lot of money by promoting brands for sponsors on social media. But before that, you must create your social media presence and a strong fan following. Once you achieve this, you will get brand deals, collaboration, and company advertisement offers. This is how you will start earning real money.

Skills Required

•  Excellent communication skills are the most important thing, as social media influencer you have to communicate with people frequently. Thus, being able to talk is important.
• Creativity is the skill which will help you attract more followers and brands towards you.
• Project management is required for the influencer to work on multiple projects with multiple brands and clients.
• Content Curation is a must. You should know how to create various formats of content for social media.

Earnings

A social media influencer can earn around ₹15000 per month.

8. Fill Online Surveys

Try to look for survey websites to see if they pay for partaking. Some websites reward new members with free goodies just for joining. Students can also finish a survey when it takes them to drink coffee or watch a TV show. Filling out surveys to earn money is one of the easiest income sources for students. What you need to do is just make an account on several survey sites and turn on notifications. This way, you will be informed immediately whenever a new survey is posted. Fill out the survey honestly and earn money once your feedback is approved.

Skills Required

• Analytical skills are required so that you can analyse every question deeply and then answer it with conviction rather than a fluke.
• Decision-making skills will help you make correct decisions after analysing the question.
• Technological skills to keep yourself updated with the latest developments.

Earnings

If you take multiple surveys in a day regularly over the month, then you can make around ₹35000 per month.

9. App Development

This passive income idea is best for students from a coding background. If you know how to code well and can create a functioning online application that might help others somehow, then you are good to go. There is a huge demand for pre-developed apps in the market. You can find customers on gig platforms where people post and promote to find someone who could create an app or sell the app to them. You can find such people and strike a deal with them.

Skills Required

• Knowledge of programming languages is a must to become an app developer. Learn everything from the basics to the advanced level of coding language to create the best application.
• Cyber Security knowledge helps the app developer understand the risks from which they must protect their application. This knowledge allows them to create a secure application system.
• Negotiation skills will help you get a better price for your application. If you know how to quote the value of your application in terms of money, then you can make big money.

Earnings

If you regularly create and sell apps, even basic functioning apps, you can make around ₹20000 a month.

10. Affiliate Marketing

You may have heard a lot about affiliate marketing. It is one of the most popular passive income ideas for students to follow. Affiliate marketing is the marketing arrangement where you will be promoting and selling other products online. And for each sale made, you will get a certain percentage as your commission. You can affiliate clothes, gadgets, and books are some of the resalable products out there. To become an affiliate marketer, you have to enrol in any affiliate program, where you will be trained at an initial stage. Once trained, you will be given affiliate links to your products. Amazon and Flipkart are the best platforms for starting affiliate marketing in India.

Skills Required

• Problem-solving skills help you become a good affiliate marketer by teaching you how to solve an issue with a calm and collected mind.
• Data Analytical skills are required in affiliate marketing to keep track of the trending products among people, track the affiliate link’s sales drive, and much more.
• Good Communication skills separate an average marketer from great marketers. Master the art of speaking, and your sales will go up.
• Marketing and Sales skills are must-haves if you want to market your affiliate products and sell without trying to sell.

Earnings

Once you start affiliate marketing, you can make around ₹18000 per month, which is great passive income ideas in india for teens.

Also Read about:
15 Passive Income Ideas in India to Become Wealthy
Online Part-time Jobs for Students to Make Pocket Money

11. Note Taking

Not everyone likes to take notes in classes, or they might not have enough time to create notes. However, if you are good at taking notes, you can get paid to do it for others. This is one of the great passive income ideas for students because you will earn while learning something. You will create clear and clean notes for the students by listening to their recorded lectures or reading their books. And you can charge a good amount for every subject you make notes on. Some people also add assignment-making services to this. If you want, you can do that too.

Skills Required

• Good handwriting is the first basic skill that you need to possess if you want to make good money. The clearer your handwriting, the easier it will be for your readers to read notes.
• Outline-making skills will help you create notes in less time without compromising on quality.
• Listening Skills will help you take notes quickly while you listen to the lecture. With good listening skills, you will never miss a detail.

Earnings

On average, you can make around ₹14000 as side income from note-taking.

12. Sell Textbooks

If you have shelves of old academic books collecting dust in the corner of the room, this side income is for you. You can sell your used books when the semester ends. This way, you will get paid back for what you invested in books, and it will help someone who needs books. This is one of the good passive income ideas for students to start anytime without effort. Usually, used textbooks are purchased at a discount by campus bookstores. If you want to make a little extra money, you may sell it to other students at a price lower than what they would pay in the bookstore but more than the resale price.

Skills Required

• Networking skills are essential for this passive income, as the more you connect with people, the better you will understand their needs. This will help you know when someone needs a book.
• Negotiation Skills will get you a good price for your textbooks, allowing you to get the maximum value with the least effort.

Earnings

Your earnings depend on the condition of old books, but on average, you can make 300 per book.

Also, read: From Clutter to Cash: How to Sell Books Online Successfully

13. Video Editing

If you know how to tweak videos, add music, and cut the bad parts of videos, then you’ve got yourself one of the trending passive income ideas for students! Here, you can earn money at home if you are a student. People who make videos on the internet often outsource the editing process. You might look for job posts in their films or on social media. Similarly, independent video editors can find work with online content firms by applying to their posted job openings.

Skills Required

• Of course, video editing skills are a must, and you should also know how to use various software to edit videos.
• A detail-oriented person makes the best video editor. If you can catch even the slightest mistake in a video at one glance, it will make your work much easier.
• Organisation skills so that you can handle your various projects at once without getting tangled in any mess.
• Communication skills help video editors present their skills and expertise to customers clearly and concisely.

Earnings

If you work independently as a freelance video editor, you can make around ₹29000 per month quite easily.

Related Article: How to Become a Freelance Video Editor

14. Complete Micro Gigs

Microtasks can be completed on various websites, some offering financial compensation. These are simple requests like naming an image, answering a few questions, or selecting the best search results. Even though they only pay a few cents apiece, these are quick and easy to perform at any time of day, thus making them good passive income ideas for teenagers. There are multiple platforms, like Freelancer.com, Upwork, and Fiverr, where you can find several micro gig postings. Start applying to the ones which appeal to you and earn money.

Skills Required

• Multi-tasking skills will help you take up more gigs and earn better.
• Time management skills are important, as many gig job posters need someone who can do these small gigs without taking much time. The less time you take, the more you earn.
• Adaptability will help you work on various gigs that are out of your comfort zone and knowledge zone.

Earnings

Depending on the task assigned, you can make around ₹500 per micro gig you complete.

15. Website Testing

Businesses frequently use users to check out their new websites before they go live. As part of this process, making full use of the site and reporting any problems you encounter is important. Positions like this often get posted online. You can apply to these postings and make good money. It is a good passive income idea for students, as you just have to run a test, navigate through the website, and give honest reviews as a website user.

Skills Required

• Attention to detail is an important skill, as you must keep a keen eye on any problem on the website given for testing.
• Basic computer language knowledge and other technical skills can give you brownie points to get the gig.
• Communication skills, as you will be asked to demonstrate your user experience.

Earnings

As a website tester, you can make around ₹18000 per month, which is good passive income for teens.

16. Sell Home-Grown Produce

The ability to grow your food and a passion for gardening may turn into a lucrative business. You may make a good profit by selling these items to people without a vehicle and relying on dining halls for their meals. You can also try to set up a table at a nearby farmer’s market. This is not only one of the best passive income ideas for students, but it also helps them grow as humans. Growing veggies and fruits and selling them require patience, which will take you to great success.

Skills Required

• Knowledge about various plants is necessary to grow vegetables/fruits at home. Along with this, you need to have good farming skills to take off your produce yourself.
• Marketing and Sales skills will come in handy when you go to the market to sell your produce to the people.
• Negotiation skills are necessary when you are handling multiple people while selling vegetables. Learn this skill and get the best value for your hard work.

Earnings

If your vegetables/fruits are in good shape, you can easily make around ₹30000 by selling them.

17. Online Translation Job

You can make good money by providing translation services online if you know more than one language. This is one of the good side income sources for students.  You can do smaller projects, which can be finished quickly and are just as lucrative as longer ones that require more work. Find websites that specialise in hiring translators and start getting offers for work. You will given audio files, documents and video files to translate from one language to another.

Skills Required

• Language knowledge is a must. You should have an excellent grasp of the languages you want to work on.
• Attention to detail will help you observe every slight detail of the file given to you for translation.
• Communication skills always help you get better gig jobs so that you can express your skills.

Earnings

As a freelance translator, you can make around 30000 per month quite easily.

18. Rent Storage Space

Many college students, especially those who live in dorms, struggle to find enough storage space for their things. It is possible to earn money by renting out extra storage space, such as a basement or attic in a home you are renting. If you are comfortable sharing space with other people, then renting your space for storage can become a good passive income for teenagers. However, before providing storage space, setting regulations for client access, storage duration, and pricing is important.

Skills Required

• Negotiation skills will help you talk the other person into agreeing to your terms as close as possible. This will help you get the best price for your space.
• Communication skills are important when sharing space with another person. They help both parties live peacefully.

Earnings

Your earnings in this side income idea depend on the space you provide and the tenant’s budget, but earning around ₹4000 per month is easily possible.

19. Food Delivery

Driving for ride-sharing apps is a way to earn money without effort. This is one of the best income source for students, and it allows you to choose your schedule so you can work as little as a few hours a week or as much as you like. You may make driving for ride-sharing apps a side hustle if you love it and are located in a city where such services are in demand. Platforms like Zomato and Swiggy always need delivery partners. After registration and verification, you can apply on their websites and become a certified delivery partner.

Skills Required

• Driving skills are a must for becoming a delivery partner. You can drive your vehicle to deliver.
• Communication skills are another skill needed while you interact with customers daily.

Earnings

As a food delivery agent, you can make around ₹14000 per month, a good passive income for teens.

20. Sell Artworks

If you love creating art, you can consider selling them as good passive income ideas for students. You can sell anything from stickers, t-shirts, posters, canvas paintings, etc. If you have a creative streak, try using it as the best way to earn student money. Multiple websites let you set up a virtual store to sell, print, and ship your creations. Looking for platforms that give creators a bigger profit is a smart move. Some of the most trusted and good-paying websites are Redbubble, Etsy, Frankly Wearing, Printful and many more. You can upload your artwork on these platforms, quote your price, and sell your products.

Skills Required

• Creativity is a much-needed skill in this passive income idea, as you must create unique sellable items every time.
• Basic computer knowledge helps you navigate your online store, receive payments, keep track of your sales, and more.
• Social Media Marketing skills help you promote your products online, which will generate organic traffic to your online store.

Earnings

On average, an online artist can earn around ₹25000 per month, which is a good start for students.

21. Virtual Assistance

Being a virtual assistant is one of the most in-trend passive income ideas for students. As a virtual assistant, you are required to handle your employer’s day-to-day tasks, from creating schedules to answering emails are some of the few tasks you need to do. Quite a few companies and independent contractors look to freelancers and remote employees to do routine administrative duties. As students, you can take only that number of clients whose work you can handle on your schedule.

Skills Required

• Time-management skills so you can complete all the tasks within the given time frame.
• Technical skills help you work easily on the computer, which is what you will use the most. From creating Excel files to making presentations, everything requires computer knowledge.
• Organisational skills help you keep track of every task in order and complete them without any confusion.
• Communication skills are essential, as you will sometimes communicate with your employer and their clients, as you will be working as their assistant.

Earnings

You can easily make around ₹18000 per month as a virtual assistant.

Suggested Read:
A Student’s Guide to Earn Money from Home
Freelance Jobs for Students to Earn Quick Money

Start Successful Side Income Today!

The end goal of every educational degree is to make students able to get hired! But this can be done even when they are studying. The passive income ideas for students help them in achieving a sense of responsibility and financial independence early. If you are a student and want to feel this feeling of freedom even before getting your r degree, then start applying for side income jobs.

And yes, if you still need a reason or are confused about which passive income to choose then recall the things you read here. So don’t wait to start earning your pocket money on your own.

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