Passive Income Ideas For School And College Students In 2021

Passive income ideas can be life-changing and give the right career direction.

Most school and college students are looking for passive income ideas to earn money side by side with their studies to stay financially independent.

As the COVID-19 has affected the economy of countries a lot, therefore, there are fewer chances to get decent money-making opportunities compared to earlier.

Now, many professionals are working at less pay, and most professionals face downside in their careers.

However, the young generation, especially the college, school students and recently passed out candidates. They are also looking for legit and good ways to generate good income to meet their financial requirements.

So, if you also want to know about the legit and growth-oriented best passive income ideas, 2021, then stay connected with this post.

Because here, I have come up with the ten best ways to make money online.

11 Best passive income ideas for students

1. Start Doing Affiliate Marketing

Affiliate marketing includes promoting or referring the product or services produced or developed by others to the relevant audience to sell that product or services.

It is one of the best passive income ideas because many affiliates generate thousands of dollars from affiliate marketing.

Affiliate marketing does not require you to own or create a product, and you can enter any suitable affiliate program, choose the best product and start promoting.

Whenever you make the sale, you get a fixed commission on every referral link of yours. It is one of the fastest-growing industries, and most companies use this approach to get more sales.

Also, it was expected that the affiliate industry would reach $8.2 billion in 2020.

So, if you are a student in school or college, you can join affiliate programs like ShareASale, Amazon Associates, ClickBank Affiliate Program, Elementor Affiliate Program, and many more.

Resources:

ShareASale Review: A Rational Review Of The Leading Affiliate Marketing Platform

ClickBank Review: Is ClickBank Legit? What You Don’t Know About ClickBank?

2. Develop Software Or Application

If you ask how to make passive income with small investments from your friends and peers, you can try developing and selling an application.

It can also be a great way to earn money online, especially if you want to make passive income with a small investment.

You can develop or hire a developer who can develop a mobile game application, a tool for business, an entertainment app, and another type of application that can help users of your app.

Once you get your app, you can install it on Playstore and other app stores to monetize the application by Ads or paid subscription.

However, here you need to bear initial expenses or investment to get your application developed.

Also, if you fail to get the optimized and mobile-friendly application, you may have to face a loss. Therefore, it is better to take the help of an expert who can help you in this under your budget.

3. Create A Course & Start Selling

Have you heard about LinkedIn Learning, Coursera, Udemy, and many other online courses platforms?

If you are an online user, you may already hear about this platform where the professionals can create their courses and sell them to the relevant candidates to help them to learn about the skill they need.

These courses may be about computer skills like programming and Microsoft office. It can also be about entrepreneurship, business development, tips to grow business online, motivation, and many more.

You can also develop your website where you can offer several courses to the relevant students. However, getting admission in your course at starting level can be challenging because there would not be any review of the students.

Therefore, you can use Freemium Approach to sell your courses. You need to keep the price of your courses zero to be accessible to the students.

And when the students take admission, then they will also give a review about your courses.

Once you get a sufficient number of good reviews and your course starts driving a high enrollment, you can start charging a minimal fee that can convert into passive income.

But you must make sure that your course offers value, has engaging content, essential resources, and the ability to get recommendations.

4. Write & Publish Your Ebook

The following passive income idea is to write and publish your ebook.

It can be any topic such as entrepreneurship, how to make money online, success tips, short stories, fiction novels, etc.

If you are a writer from heart, you will surely enjoy writing your version to let the reader engage and enjoy your stories or tips.

Writing an ebook has the potential to earn a passive income because the more people buy your book, the more profit or royalty you will earn.

You can publish your ebook on multiple sites like Amazon and Instamojo. The best thing about writing an ebook is you need not take any tension or stress to prepare your piece.

And to prepare your book, you can use Instamojo, where you can add PDFs of stories or contents, with an attractive cover and price to publish your book to earn passive income from it in the future.

Ideal Reads:

FundforWriters Legit Review: Here Is Why?

10 Best Sites That Will Pay You To Write Articles Online

5. Start Doing Blogging

Blogging has the potential to let you earn passive money from various sources.

It may take time, but your school and college days are perfect to start blogging. It would be best to get a hosting and domain to develop your blog site on Wordpress or Blogger.

By blogging, you can earn through Google Adsense, Affiliate Marketing, Promotional posts, and when you reach a reasonable level, then brands and other new bloggers may contact you to get help in growing their site.

While blogging, you must write the content you love to write about, add focus keywords to let the search engine know what you are writing about, and offer full content that covers A to Z information about the topic you have chosen.

So that readers stay on the blog, feel engaged and start trusting in the information you are providing.

Generally, you can easily set up your blog for under $100-$200 and can get $5000 to $10,000 return annually, and it can be more as you keep working on it.

6. YouTube For Passive Income

YouTube is the best platform for those who want passive income ideas with zero investment.

YouTube is a free platform where you can share engaging and helpful videos to its billions of audience.

There are various sources to earn money from YouTube, but the primary incomes are monetizing videos by google ads, promoting affiliate links, or selling your products.

With YouTube, you can monetize your content within a month only because you need to share high-quality videos that you can capture from your mobile device.

Currently, there are 4.6 billion people who are connected with YouTube, and now brands are also giving privileges to the YouTubers to promote their products or services.

So, you can also have higher chances to earn from promotional videos and reviews of products.

With YouTube, you can earn around $1-$5 for 1000 views, and it can be more if you have a quality audience, but when you use affiliate marketing, your earnings can be doubled.

Therefore, until you are a student, you should create your YouTube channel by selecting a particular niche, such as providing entrepreneurship information, food recipes, marketing, SEO, personal branding, kid’s videos, and more.

Should also Read:

Blogging v/s Youtube: Which One Is Better For You To Make Money Online?

7. Rent Your House

There are so many income streams out there, and renting your empty house is also one of those.

If you have such a house or a room, you can rent out to the college or school student for a short time and charge an amount.

Many people use rental income to make a good living, so you can also use this to utilize your property to generate good money.

However, it requires an upfront cost that you need to invest in setting up your property and adding essential features to let the tenant live comfortably.

Because by having an excellent rental property you can charge higher rent as well.

Unfortunately, rental income can only give you fixed earnings every month, and also, there can be some additional expenses to meet periodically.

8. Do Advertising By Your Car.

Advertising by car can also be a great way to earn a side income because you need to drive your car across the city.

And the pasted sticker about the brand attracts the people and lets them feel engaged about the brand you are advertising.

However, it requires having your car.

And if you are a college student, then you may be going to your college by car.

In this case, using advertising by car can be a suitable method to earn some real cash.

But it would be best if you were sure you are dealing with a legit company that can help you earn real money because there are many fraudsters to scam you.

9. Design And Sell Crafts

Have you heard about Etsy, Redbubble, Merch by Amazon, and many other Print on Demand sites?

You can use these sites to sell your designs where you need not manufacture the things you sell out.

Fashion is at its peak, and this is a continuously growing industry as people want to look attractive, and they feel free to use custom T-shirts, Phone Covers, and many more.

If you are a sound designer and know how to use design software like Photoshop, Coreldraw, and other tools, you can use these tools to create several designs for T-shirts and other accessories.

If you do not know how to design, you can also hire someone to design some designs for your Shopify store or Redbubble, Merch, and Etsy store.

And whenever someone likes these designs and buys these products, you get a fixed profit margin on every sale.

You can upload the same design on various merch platforms to increase your earnings.

Suppose if you earn $100 from one site and have created your merch store on four platforms, you can earn around $400 monthly, which can be a great deal as a student.

As a pro tip, you can use Youtube or a personal blog to promote these designs because it will let you sell more designs.

10. Use Peer To Peer Lending

Peer-to-peer lending is another way to earn money, and it can be a passive income opportunity if you can invest some cash from your side.

It included offering money to an individual or a small company by collecting money from various persons.

You can use websites like LendingClub and Prosper if you are an individual and Worthy if you want to deal as a business.

Generally, by using the P2P or Peer 2 Peer method, you can earn a 5%-6% interest loan offered by you to the individual or small company.

Your income will depend upon the investment you made; therefore, you will be making decent money.

11. Invest In The Stock Market

If you are interested in the share market, you can also start investing in the stock market.

Now there are many platforms where you can sell or buy the shares of leading companies.

You can do intraday trading and invest in the equity share of the top company to get dividends from the shareable profit.

It is a bit of a risky technique, but you can make a good income this way.

You can check out the latest news on stock markets, see trends, and many other sources to invest in the right company to make the transaction profitable.

In starting, you can start with a small amount to understand what works and how it works.

When you feel confident and understand the whole scenario properly, you can start trading with a reasonable budget.

But you must make sure the share market can be profitable and cause a significant loss.

FAQs

How To Make Passive Income With a Small Investment?

If you have a small budget to invest in making a passive income, you can start a blog website, invest in the share market, use Peer 2 Peer lending, and use other ways to make money online.

Can You Give Passive Income Ideas With Zero Investment?

Sure, you can start your YouTube channel in your favorite niche or topic.

Youtube has over 4 billion active users, and we all know how many hours we consume on Youtube.

So, if you are comfortable making engaging videos to educate, inform, and help your audience, you can start a YouTube channel now.

There are other ways to earn good money online such as using Print on Demand platforms, writing ebooks and publishing, creating courses, and selling on Udemy.

Conclusion

So, in this article, you learned the best passive income ideas for 2021.

Here we learned you could start affiliate marketing, blogging, start a Youtube channel, sell your courses, sell PODs, invest in the share market, and do many more things to generate a good income during school and college days.

I hope you understand various ways to make passive money online and are ready to try your best to fit your personality.

Helpful Reads:

Write Naked Review: Is Write Naked Legit Or Fake?

Amazon Affiliate Program Review: An A To Z Guide For Affiliate Marketers

Top 5 Reasons Why Every Newbie Fails In Affiliate Marketing