Four Surprising Side Income Sources for Students in 2024

Studying while also working part-time is becoming increasingly complex for students these days. On the other hand, the options of earning an income are becoming more versatile, especially in the online world. If you’re a student, you probably know what we’re talking about.

The global pandemic has shifted a large portion of economic activity online, where today people can find income opportunities with a greater degree of flexibility. Here are four options that are becoming attractive in 2024, which you should consider;

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  1. Virtual assistant
  2. Online trader
  3. Affiliate marketing
  4. Blogging
  5. Recommendations

Virtual assistant

Global e-commerce is projected to reach over $7 trillion per year by 2024, according to Statista, which means plenty of work opportunities will emerge in this sector. Becoming a virtual assistant is one of them, mainly since as shops shift online, they need people to handle customer support services there as well.

This type of work does not require prior advanced knowledge to master, and it is quite flexible – you can work short periods of time, even in between classes, and you can do it from pretty much anywhere with an internet connection.

Online freelancing websites are currently advertising many such work opportunities, so check them out to see what’s available.

Online trader

If you are passionate about finance and are aware of developments in the markets, online trading is another avenue. Brokerages such as easyMarkets provide access to competitive trading conditions, alongside educational resources for those who want to learn more.

This type of activity is appropriate for students of economical and financial faculties, but also for enthusiasts who follow the floating movements of asset prices constantly. However, this is not a fixed-income solution, as online trading involves a certain degree of risk.

Still, by using risk management tools and diversifying across different asset classes such as stocks, crypto, commodities, and fiat currencies, it is certainly possible to make a living from online trading.

Affiliate marketing

Also linked to e-commerce is affiliate marketing. Companies selling online need people to promote their products or services, and in exchange, you can receive commissions based on the customers you manage to attract.

There are low requirements in terms of hardware – basically, you need a device with internet. You also don’t need to worry about inventories, since all you need to do is interact with potential customers on behalf of the product or service which you are promoting.

As long as they are reliable and trusted, and as long as you operate transparently, this type of work can be very beneficial.

Blogging

Running a blog is especially suited for those who are generally passionate about something, and know how to write. If this description fits you, there is a potential audience out there interested to hear what you have to say. A blog can be the right communication channel.

Blogs can also be monetized over time, for example via banners, product placements, and sponsored content. However, keep in mind that Rome wasn’t built in a day and that acquiring an audience is not something that is done overnight.

You will have to work hard on promoting your blog and perfecting it, in order for it to become popular and a possible venue for profits. It all depends on how much effort you are willing to put into this project, and whether you are flexible enough to adjust to changing circumstances.

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