6 Profitable Passive Income Ideas For Grown-Up Students

Grown-up students always explore avenues to have a steady passive income. It allows them to have some pecuniary benefits without bothering their student life. 

Fortunately, there are scores of alternatives available. The work involved does not require you to devote much time. This means, you can carry on your regular homework, attend classes and take part in other extracurricular activities.

The income being talked about can be categorized in three broad categories:

a)  Semi-Passive: The product /medium used in the process warrants occasional involvement. For instance, if you are offering video courses, it will require you to update your target audiences.

b) Completely-Passive: Here, you create your own product/item. You have to give your time and efforts just once in creating it! The selling takes place for an indefinite time period. The best part – most of the time the item/product in question is of an inexpensive nature.

c)  Occasionally-Active: Unlike the other two alternatives, here it will require your participation in maintenance. For instance, if you decide to run a membership or subscription based item, you have to maintain your data regularly. Of course, people love this option as it generates consistent passive income!

The 6 profitable ideas to generate these incomes are provided below:

1.  Make YouTube Videos: A lot of people these days are deriving the income through this medium. However, to make sure you have same income, you will need to have an audience.

You can easily achieve it by recording videos meant exclusively for entertainment or educational purpose. You need to join YouTube Partner Program.

It will enable display of ads on your videos. Whenever any viewer clicks on the ad, it generates pre-defined income in your account.

Be smart and partner with various brands. Just display their services or products on your videos. For instance, you can approach a women’s clothing brand and display their apparels. 

2. Offer Online Courses: In present situations, people choose online mode of education rather than options that require physical attendance. It permits them to hone their skills and get proper training without moving out of their home.

You can make most of this opportunity. There are several aggregators like Udemy, Thinkific, Outschool or Teachable that will accommodate your course.

A better option would be to have a website of your own. This shall not be a major problem. There are several hosting packages available in the cyberspace.

Don’t worry about the level of knowledge you have. Every type of it can be given a shape of a course. Just make sure the content of the course is well written. If you need any help regarding grammar, select one from internet.

Ideally, you ought to go for making a course that that does not fade its importance with time. Similarly, launch your course at certain specific time of the year. For instance, try to launch them just after the examinations of most institutes have ended.

Today, marketing of a product is of utmost importance. Therefore, you need to market your course correctly. For instance, the courses with limited-time period offer get a better response. It will definitely increase your sales volume.

You can even go for internet marketing with some help. Even I did the same and I am still reaping rich dividends!

3. Play Role Of An Online Tutor

You can always tutor younger students or your peers. The subject could be anything – computer science, English, mathematics, etc. In this way you will get an opportunity to share and convey your expertise.

You can join platforms like Chegg Tutors , eTutorWorld , Skooli , etc. Here you can connect with students who require assistance in different tasks. The best part – you can do this from comfort of your dorm or home!

What time of the day you wish to tutor is your choice. You can have a schedule of your preference. 

4. Sell Tutorials Or Short Guides

There is a difference between selling a course and selling a tutorial or guide. The latter covers many skills while the former specializes in just one skill.

These tutorials or short guides have greater flexibility. For instance, it gives you freedom to combine video, write-ups or a combination of both.

They are a perfect passive item as things covered in the guides or tutorial hardly changes with time.

You can sell your video tutorials in Wix. In case of other kinds of tutorials you can choose Sellfy,   SkillShare, Quora or WizIQ.

5. Write E-Books

 Being a student yourself, you must be spending quality time studying books.  You can convey your acquired knowledge by writing an E-Book.

When I decided to write an E-Book, I wasn’t quite sure how to write, publish and sell it. That moment one resource helped me a lot. To compensate compiling problems I took help of another resource. Today, I owe my huge earning from E-Books because I placed reliance on these items.

Be it fiction or non-fiction, there are several platforms that allow you to publish it. For instance, you can publish your audiobook in Audible or get your e-book published in Amazon.

If you have a website of your own, you can even sell digital books or self-created guided journals to make passive income.

6. Take Outside Help

 At times, seeking some outside help is a prudent move. When I was in my college years I was suggested to take help from internet. I did rely on a material I chanced upon in the cyber world.

Luckily, I did so as it turned me into a pro from a naïve! Built by industry stalwarts, I got the rightful guidance from it. This is how I have successfully been having a passive income for years!

You can even refer to a book I found very useful.