5 Legit Ways To Make Money In College 💸 (Even As A Teenager!) #Best Education Page #Online Earning

- How's it going today guys.

Welcome back to the channel.

Hope you're having a great day so far.

So in this video today

we're gonna be talking about how to make some extra money

while you are in college as a college student.

Now before I get into these five different ideas

I have for you guys I just wanna preface this by saying

I am not going to be telling you to go out there

and get a job working at the library

or working at your college store

because literally anybody can go out there

and just get a job.

I have mo
re of an entrepreneurial mindset

and so what I'm gonna be sharing with you guys

is five ideas as far as thinking outside the box

and hopefully since less people are doing these things

you'll be able to make more money in the process.

So I'm gonna be sharing with you guys

my top five money-making ideas for college students.

Idea number one is to flip college textbooks.

A lot of people don't really think about this idea here

but college textbooks are extremely expensive.

What you will find with textbooks

is that the difference between what people buy them for

and what they're willing to sell them for

is a massive difference.

And if you can buy textbooks in cash from people

and take advantage of people not wanting to list them online

or get the actual fair price for this textbook,

you can make a really good amount of money

by buying textbooks for a low price

and selling them for a much higher price online.

So let me go ahead and give you guys

a real world example of this using one of my textbooks

I had to purchase.

Delmar's Standard Textbook of Electricity

was one of the textbooks I had to buy in college

and I bought it from the college bookstore like a moron

and I paid $120 for this book.

Now after I was done with this class

I did not need that textbook anymore

and my college bookstore was gracious enough

to offer to buy that book back from me

and when I went in there I offered them the textbook

and they said they would give me $35

and this book was like in completely new condition.

I had barely used the thing.

We used it maybe five or six times.

So it went from being valued at $120 down to $35.

That's 70% less than I had originally paid for that textbook

over the course of three months.

Now what is interesting is if you look on Ebay

you'll find that textbook sells for anywhere

from $85 to $100

versus that $35 the bookstore is going to offer you.

So if you're looking to make money by flipping textbooks,

what you wanna do is purchase textbooks from people

for slightly above

what the bookstore is going to buy them back for.

So even if you were able to buy

that Delmar Standard Textbook of Electricity for $50,

you could still comfortably sell that for $85 on Ebay

and make that $35 profit,

obviously subtracting any seller fees on Ebay.

And if you sell on Craigslist,

you don't have to worry about those merchant fees.

Now how are you going to advertise your service?

I would make flyers.

I would go around campus

leaving a flyer that has your number

that simply says Cash Paid for Textbooks.

Text me with the name of your book and I'll let you know

what I'll pay for it and then as people are texting you

offering you textbooks, you're gonna look on Ebay

and you're gonna say, okay maybe you're buying

for 20 or 30% less than what they're selling for on Ebay

or maybe you're calling up your campus bookstore

and figuring out what they're gonna pay people for that book

and you're gonna pay them just slightly more

than the campus bookstore.

College students know

they can get more money for their textbooks

by selling them on Ebay but 90% will be too lazy to do this

and especially people who end up dropping out of a class.

If they drop out of a class

and they have all these textbooks

and they're not gonna be using them,

they might be ready to just liquidate

and take any cash offer you're gonna give them on the spot.

So what you're doing here is capitalizing

on the laziness of fellow college students.

And you could also put an add up on Craigslist

saying Cash for Textbooks,

and that could be your method of advertising this business.

Okay idea number two is one that everyone's heard of

but I just want to restate this.

If you are good at a certain subject in school

you can make a good amount of money as a paid tutor.

Now when I was in college

there was something called the LAC,

the Learning Assistance Center,

and people who had over a 90% in any particular class

could register to sit at one of these tables

and be a paid tutor in that subject.

Now the way that would work

is you would be spending three hours a day in the morning

in the learning assistance center

but the college was paying you $10 an hour

at that point in time to sit there

and the beauty of this was they were paying you

whether or not people were actually sitting at the table.

I had a couple of friends who did this

and they would literally just sit in the library

for three hours, oftentimes without tutoring anybody,

collecting 10 bucks an hour.

So that's not the best method to make money.

You could obviously make money doing other things

that we're gonna mention,

as well as the flipping textbooks idea,

but in terms of the easiest way to make money,

if your school does offer that kind of program,

being a paid tutor can be a pretty good gig.

And these days you can be a paid tutor

without being face-to-face with somebody

just by using something like Skype or Zoom

to be meeting with people,

that way you don't have to be actively sitting with someone.

You can be in your dorm room in your pajamas

and making 15 or 20 bucks an hour as a paid tutor.

Idea number three is to rent out graphing calculators.

Now obviously this is a more business-oriented approach

and you are going to have to have some money to invest

in this business.

So if you have no money to start,

maybe this is not the best idea for you.

But if you are more business oriented or entrepreneurial

like myself, this might be the perfect idea for you.

So every single year when school starts, when college starts

people get a list of the items they need

and frequently on that list is the TI-83

or the TI-84 Texas Instruments Graphing Calculator.

Now so many people go out there and buy these calculators

but there are services online

where you can actually rent these graphing calculators

on a month-by-month basis and what you could do

is do exactly that but just on a much smaller scale.

So what I'm talking about is going out there

and buying maybe five to 10 graphing calculators,

advertising around campus that you're renting them out,

and then charge people every single month

when they're holding on to that calculator.

Now how much money could you realistically make doing this?

Let me go ahead and run you guys through an example

looking at the numbers here.

So we know a TI-84 Texas Instruments 84 calculator

sells for about $100 online

but you could most likely rent that calculator out

to a student for about $15 per month.

I saw some sites online charging anywhere from 11 to $15.

So let's say you can get $15 per month for that calculator

and somebody might not have the money

to spend $100 on a calculator

or they're just gonna need it for one class

and they would much rather pay you that $45 or $60

over that semester rather than paying $100 for a calculator

that they're never going to use again.

So let's say you decide to buy 10 calculators

at $100 a piece or a $1,000 investment

and you can rent out each one of those calculators

for $15 per month.

That means that if you were able to rent that calculator out

every single month, all 10 of those calculators,

which isn't quite realistic but maybe you can rent it

for eight months out of the year,

but if you rented it every single month out of the year,

if you had all of them rented

you'd be making $150 per month.

Now over the course of 12 months that is $1,800

from an investment of $1,000.

So if you want to, you could rent the calculators out

and collect your money or you could reinvest it

into this business

to be making more money every single month going forward.

In fact, if you had 10 graphing calculators rented out

at $15 per piece and they cost you $100 each,

that means every two months

you can buy three more graphing calculators

and each of those three graphing calculators

could potentially earn you another $15 per month.

Maybe now you can see how this business could really grow

and start to earn you a serious amount of money.

Now one important thing I would note

is I would set up an automated billing service.

Maybe you're gonna use Square,

maybe you're gonna use Stripe.

There's a number of different options out there,

that way your customers are automatically billed

and you're also going to want them to sign

some kind of contract

that says if they damage the calculator,

if they lose the calculator,

they have to pay for the full $100 price of that calculator.

But as far as advertising these services,

you could do Facebook advertisements

targeted around colleges.

You could simply put up flyers around your college.

You could go on Craigslist

or you could just rely on word of mouth

and just tell people, "Hey, I'm renting out calculators,

"15 bucks a month.

"Let me know if you are interested."

But for people who are more business oriented,

I think this is a very interesting idea

for making money in college.

Number four,

the fourth idea for making some money in college

is to do exactly what you're seeing me do right now

and that is creating content for YouTube

or maybe it's having your own blog or your own podcast.

Whatever it is, it's gathering attention online

and making money with that audience.

Now as far as making money online,

one of the best ways to do that

is with an educational YouTube channel

and while I'm a full-time YouTuber,

I know a number of people, they're friends of mine,

that are college students that are doing this part time.

So one of these people is Nate O'Brien.

He's a friend of mine and a friend of the channel.

He has about 50,000 subscribers

and he's currently in college and he does YouTube videos

on the side.

So we're gonna take a peek at Social Blade

just to get a rough estimate of how much Nate is making

from this YouTube channel he's running on the side

while he's in college.

So in November of 2018 Nate had a little over 400,000 views

on his channel and according to Social Blade's estimate,

which I'm gonna tell you for this niche is extremely low,

they're saying that Nate made anywhere from 100

to 1.7K that month.

$1,700 and my guess it's going to much higher

than that 1.7K mark because of the profitability

of the investing and personal finance niche.

But this is somebody who's making a couple videos a week,

they're in college and rather than getting a part-time job

they built up a YouTube channel

and now they're earning passive income from YouTube.

So rather than going out there

and making 12 or 13 bucks an hour,

you could invest your time into building a following online

and this could be something that pays you

for many years going forward.

I mean myself included here,

I started this YouTube channel as a hobby

and now this is my full-time income source.

So there's a lot of money to be potentially made on YouTube.

And then fifth and finally my fifth idea here

for making money in college is to become a public notary.

Now this is something a lot of people don't think about

because you have to go through a notary test,

you have to pay for the exam

and you have to pay for some supplies

but if you're willing to make that small investment

in your business,

you could make decent money being a public notary

because when you're on a college campus

you have all kinds of people around you and these are people

who are transitioning from the teenage life

to the adult life and as part of that

a lot of these people are going to need documents notarized.

So let's say for example

you're one of the only people on campus

with your notary license,

your services are going to be in very high demand.

So if you go through that whole process,

you get your stamp, you get your license,

you could be a public notary,

advertise your services on campus and make money.

Now as far as how much you can charge,

there are set limitations online

and I believe it differs on a state-by-state basis.

So obviously you guys have to do more research

above and beyond that

if you're really gonna take these ideas and act upon them.

But most people I see charging around $20 to $50

for a notary service.

And if you're on a college campus

you don't really have to do that far.

You could have somebody meet you at the library,

notarize a document, and collect a quick 20 bucks.

But again, make sure you guys do some more research

on these ideas and figure out what the requirements are

in each state.

But anyways guys, that's gonna wrap up this video.

Those are my five favorite ways to make money in college

outside of just getting a part-time job.

I'm curious what you guys think about these ideas.

Do you like them, do you hate them,

have you tried any yourself?

And if you're somebody

who's currently in college making money

or you had a creative way to make money in college,

I'd love to hear what that was

down int he comments section below.

So feel free to drop me a comment.

But thank you guys so much for watching this video.

I hope you enjoyed it and I will see you in the next one.

#Best Education Page #Online Earning

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