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Business

Expert Tips: Flexible Income Ideas for Students to Earn While Studying

todayAugust 9, 2024 18 1

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Writing by Julian Adetinuyo

Experts often recommend that students focus on flexible income opportunities that align with their class schedules. This will help them become proactive and resourceful in making income while in school.

By leveraging skills, networks, and available resources, students can successfully earn extra income to support themselves during their studies, while also enabling them contribute meaningfully to the economic growth of the society.

Student experiences

Adebimpe Oluronke, began his entrepreneurial journey by creating lapels, designing socks, and crafting other men’s accessories during her second year in the university.

This small business helped her navigate the financial demands of education. “Whenever I needed to buy a textbook or pay a departmental due, I handled it myself with the profits I made from my business,” she shared, noting how it eased the burden on her parents, who covered the major expenses like tuition.

After graduation, Oluronke’s business evolved into a full-scale clothing enterprise, offering tailoring services, fabric designs, and more. “The business taught me responsibility and how to save. I’m currently not employed by any company, but my business is what keeps me going. I pay rent, feed, and clothe myself,” he said.

Similarly, Shallom Abah, a 20-year-old student at the University of Benin, balanced full-time studies with a thriving make-up business. She learned make-up techniques from YouTube, practicing on friends before eventually attracting clients. “After some months, I became good enough that people started coming to me to have their make-up done. I also began teaching others, which became another source of income,” she explained.

Abah, later expanded her business to include selling thrift clothing, known locally as okrika. She narrates , “I buy from established okrika sellers and retail to students, making small profits. At one point, I was even able to contribute to my school fees.”

Experts note that students who generate income while in school are twice as likely to become successful entrepreneurs after graduation. Here are some ways students can start making extra income while still in school. UNESCO SDG-4 support flexible learning pathways (FLPs) in higher education.

Side Hustle Ideas for Students

Freelancing: Offer your skills in writing, graphic design, web development, or social media management on freelance platforms like Upwork, Fiverr, or Freelancer. this will encourage flexibility, remote work, skill enhancement.

Tutoring: Provide tutoring services in subjects you excel in to other students. You can tutor in person or online through platforms like Chegg Tutors or Wyzant, these reinforces your knowledge, helps others, and provides steady income.

E-commerce: Start an online store selling handmade crafts, vintage items, or digital products through platforms like Etsy, eBay, or your own website. this will enhance your entrepreneurial experience, potential for growth.

Content Creation: Create and monetize content through blogging, YouTube, or social media. This could involve sharing expertise, entertainment, or reviews.

Photography/Videography: Offer photography or videography services for events, portraits, or businesses. You can also sell stock photos or videos online.

Pet Sitting/Dog Walking: Provide pet care services such as dog walking, pet sitting, or grooming. Websites like Rover can help you connect with clients..

Delivery Services: You can Join gig economy platforms like DoorDash, Uber Eats, or Instacart to deliver food and groceries.

Sell Digital Products: Create and sell digital products such as e-books, online courses, or design templates.

Tips for Starting and Managing a Side Hustle

Keep detailed records of your earnings and expenses. This will help you understand your profits and plan for taxes.

Identify Your Strengths and Interests: Choose a side hustle that aligns with your skills and passions. This will make it more enjoyable and sustainable.

Start Small: Begin with a manageable workload that doesn’t interfere with your studies. You can scale up as you become more comfortable.

Set Clear Goals: Define what you want to achieve with your side hustle. Whether it’s earning a specific amount, gaining experience, or building a portfolio, having goals will keep you motivated.

Manage Your Time: Balance your side hustle with your studies by creating a schedule that allows you to dedicate time to both without burning out.

Leverage Online Platforms: Use online platforms to market your services, find clients, and manage transactions. This makes it easier to reach a larger audience.

Network: Connect with others in your field, both online and in-person, to learn, share ideas, and find new opportunities.

Keep Learning: Continuously improve your skills by taking courses, attending workshops, and staying updated with industry trends.

Starting a side hustle as a student is not only a great way to earn extra income but also an opportunity to develop valuable skills, gain experience, and explore entrepreneurial interests. By selecting a hustle that aligns with your strengths and managing it wisely, you can successfully balance work with your academic responsibilities.

Image by Julian Adetinuyo/Democracy Radio

Written by: Julian Osamoto

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