Talking about another example here, a senior of mine in some other college had some financial trouble at home. Paying the college fee was somehow, becoming arduous hence, he thought of a way to teach youngsters piano, which he had learned 5 years before. In his after college hours, he gave lessons which earned him 700 per students. Within a month 20 students enrolled in his classes.
Coming up with a good idea isn’t a static process; it involves a lot of trial and error. The best way I’ve found to generate ideas is to write and write often. Make lists every day of things that you might enjoy, and try to figure out how you could make money doing them. To help, here’s a list of 50 business ideas you can begin building as you continue plugging away at your 9-to-5.
But cutting costs only goes so far. Unless you already make a lot of money and spend like a bon vivant, most people can’t eke out that much more from their budget by decreasing expenses. Plus, the more you retrench, the more your quality of life suffers. (It’s all relative, though — certainly some overspenders could actually improve their lives by tempering their expenditures. Here are 101 ideas for saving money.)
As internet speed got better, it became easier to consume different types of content. Video and Audio became the next big thing. YouTube is the most popular platform where you can upload product videos, talk about something which helps others with expression and adds more content. The same applies to Podcasts. You can start a paid subscription for your channel or podcasts to make money.
In the past few years, this has become a popular way to make money. You start with a domain and develop it for some time. When it starts generating revenue and can make decent money, you sell it for profit. The benefit here is you don’t get into the risk of maintaining it for a very long time, and if the traffic drops for that website later, you are not at a loss.
Great post! What you said about consistency is so true. Perseverance is essental to making money online. And of course, one of the main things for making money online is simply that you start learning as much as you can from those who have gone before you, and have had success of their own. At least, that was my experience when I was first getting started!
Don’t worry, this isn’t as sinister as it sounds. Most unis are constantly looking for volunteers to take part in studies, and usually offer money as a reward. Investigate what your uni has to offer, and check your emails to see if there’s any information about it on there. One of my mates was paid £20 for spending two hours listening to music. That’s a night out. Definitely something to look in to…