Studying at a College or Uni? Here’s Why You Should Look Into Passive Income Ideas
Updated: Apr 20, 2022
When you think about college life, the first thing that comes to mind is usually excitement: you’re learning new things! Meeting new people! Boosting your career potential! However, it’s your future you’ll be shaping - and the present might turn out more challenging than you’d have initially imagined. Not only are the studies hard and time-consuming, but you’ll also find yourself spending way more money than ever before: once you move out of your parents’ place (a.k.a. the comfort zone), you’ll find yourself buying things like brooms and dish soaps!
While passive income for college students is probably not going to make you a millionaire, it’s a perfect combination of getting some cash into your wallet without it taking too much time out of your already busy days. There are a million passive income ideas to choose from, and there’s definitely something for everyone – but first, let’s see what makes this option perfect for college or university students!
1. You don’t need to put in a fixed number of hours
When you’re a student, no two months (or even weeks) are alike. Sometimes you have more free time, sometimes you need to prepare diligently for upcoming exams or work on group projects, and sometimes – let’s be honest – you party like there’s no tomorrow. Do you think a full-time job could fit into this puzzle? Let’s face it: the only way it could is by pushing some of the other pieces out!
The beauty of passive income ideas lies in the fact that you can work as much or as little as you can (and want!), which makes earning money perfectly compatible with your studies and other commitments like internships. For example, with Honeygain, you can get free money for simply running the app on your desktop or mobile device – it doesn’t get more effortless than that!
2. You don’t need to rely on recruiters or bosses
Getting employed is always a bit nerve-wracking. There are interviews, test tasks, and more interviews involved… and don’t even get us started on those hours spent anxiously waiting for the call! The worst thing is, you might not get the job even if you’re perfect for it – someone else might be perfect, too, and when they only need one person, it all depends on Lady Luck.
Passive income for college students is a way to start working and earning whenever and however they prefer without participating in any selection or hiring processes, sweating about probationary periods, or trying to adapt to their boss’s needs and preferences. You don’t need to guess whether you’ll be employed next month because taking up passive income ideas is a decision you make on your own!
3. You don’t need a diploma to start earning
When you’re still a student, finding a job can turn out challenging simply because you’re deemed too inexperienced. Study programs at colleges and universities are created to prepare you for the job market, so most employers expect you to have completed them – however, you’ve just started, and you don’t yet know all the ins and outs of the industry just yet.
As we already discussed, passive income ideas can be taken up without any interviews or recruitment processes – which means no one is here to ask for or check your diploma. Furthermore, most passive income ideas don’t require you to have any specific skills or training – for example, using Honeygain is as simple as installing and running any other application on your device!
4. You don’t have to invest in special equipment
When you get hired for a company, you’re usually supplied with all the equipment you need for the job – however, it’s a whole other story if you decide to go the freelancing route. Let’s say you’re studying veterinary medicine: in theory, you could perform health checkups on your clients’ dogs, but you’d need to rent premises and invest in tons of veterinary tools. If you wanted to do graphic design or architecture projects, you might need to invest in expensive software.
Obviously, some passive income ideas might require you to buy special equipment, too: after all, the income you get from things like owning vending machines is also considered passive, as you only need to tend to them occasionally. However, for the absolute majority, all you’ll need is an Internet connection and a desktop or mobile device. As a student, you’re kind of guaranteed to have and use those things anyway – and it’s all you need for passive income apps, blogging, e-book writing, affiliate marketing, dropshipping, and a ton of other passive income ideas!
5. Your earnings depend solely on you
Passive income for college students is first and foremost a chance to make extra money – it’s not as much about experience or perfecting your skills. On the other hand, you’re rarely ever guaranteed an exact sum of stable income: the more you work, the more chances to boost your income you take, the more money you can make in any given month.
With Honeygain, for example, your earnings depend on:
The number of active devices (up to 10 per account)
The number of active IP addresses (up to 10 per account)
The demand for Honeygain’s service in your location
The number of active referrals you have
Your network speed (>50Mbps is ideal)
Whether you’re using the Content Delivery (CD) feature
Whether you participate in Lucky Pot and other contests
You’ll notice most items on this list depend on you and you alone – so the power of earning more is in your hands!
When it comes to passive income for college students, Honeygain is an extremely popular choice: according to our recent user User Experience and Awareness survey, more than ⅓ of Honeygainers are currently studying for a degree. A possibility to earn some extra money by putting in virtually no effort leaves them with more free time to relax… and helps them do it better by providing a great way to cover their platform subscription fees, fun activities, in-game currency, etc.
If you haven’t tried Honeygaining just yet, now might be the perfect time to try. It only takes a few minutes to start – and by clicking the button below and creating your account today, you can collect a $5 starting gift and get closer to that first payout in just a few moments!