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5 Innovative and Smart Ways to Earn from your Dorm Room

5 Innovative and Smart Ways to Earn from your Dorm Room

If you are a college student, chances are high that you could utilize some extra money. Moreover, you realize that bagging a job is probably not the ideal choice because it can surely get in the way and disrupt the schedule of your classes.

Your teacher may schedule a night test or even a sudden paper that needs to be worked upon on a short notice. Therefore, if you spend time working for most of the day, how will you eventually manage your schoolwork?

Staying up until the wee hours of the morning is a viable option; however, this only compounds the problem as you begin to wear down from lack of relaxation and sleep. Imagine a scenario where you can earn additional income from your dorm room, while simultaneously maintaining a schedule that works just right for you.

Given below are 5 innovative and smart ways to earn from your dorm room.

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1. Online Tutoring and Teaching

If you have subject matter expertise in any subject like Economics, Physics, Mathematics, or any other college course, it may be extremely helpful to become an online tutor. You will not only earn some additional money assisting fellow college students, but also obtain tremendous job satisfaction with regard to the teaching profession.

Of course, the pre-requisite is to have excellent teaching skills. There is a wide range of websites where you can log in and offer your services as online tutor or expert on your subject. You can register yourself free at Wyzant , Transtutors or Chegg and start to tutor other students on different subjects.

2. Sell Your Services

BareFootStudent is a website that is dedicated to giving college students the ability to offer their services to the local community. It is now possible to provide a wide-range of diverse services, including child care, freelance writing, pet care, house-sitting, and much more.

If you possess the requisite knowledge and expertise with these types of services, then finding a part-time job in your local area should not be difficult at all. Such services should additionally give you the ability to be flexible when it comes to your class schedule, and you need to put in the requisite hours of work according to your preferences and wishes.

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Thus, you can choose your own working hours. Just make sure to promote your profile optimally, and the business will surely keep returning.

3. Take Surveys

When many diverse companies need suggestions on a particular product or service, they eventually release surveys to effectively ask specific concerns for gathering details regarding the needs and wants of their industry.

Students are ideal survey takers. This is because they are highly qualified and possess loads of free time. Therefore, you can earn a decent sum of money taking surveys.

Websites such as Swagbucks and a few others allow you to take surveys and earn some cash while carrying out this task. In general, the job of taking surveys is not really inspiring or lucrative. However, with a little devotion and dedication, you can eventually earn an impressive sum of money.

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4. Craigslist and eBay

There are several methods for you to earn cash on Ebay and Craigslist, which do not primarily involve parting with and selling your possessions.

Do not misunderstand this. If you are not actually using an item that could be of potential use to someone else, it is quite possible to earn some decent cash selling some of your possessions.

Moreover, you have the ability to offer your services on Craigslist. Services could be anything from mowing to house-sitting. In addition, if you have a creative mind, you can earn money by creating and selling goods on eBay.

5. Start your Personal Blog or Website

Starting your personal blog or website can be an extremely lucrative method to earn a handsome income without the need to leave your dorm room.

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You need not have knowledge of programming languages to begin a web page as there is a good chunk of free scripts that will create the website for you, including WordPress, Drupal, and Joomla.

That being said, making money from your dorm room can be a challenging task if you fail to understand what exactly you are doing. With loads of exploration and an excellent strategy, you can make a good sum of money owning your own blog or website.

The key is drawing traffic to your website. This is where you should focus because there are millions of websites engaging in cut-throat competition. The ideal way to get free traffic is to obtain them from major search engines.

Lastly, your website should rank high on Google if you want the big bucks.

Conclusion

As can be seen, there are several diverse ways that you can effectively market your services to other people from the comfort of your dorm room. Earning additional money during college years can keep stress at bay because a lack of cash when you need it the most is extremely stressful.

Possessing disposable income during college years is quite uncommon. However, if you draw inspiration from the five ways mentioned above, you will end up making a good amount of money in a short time.

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Adnan Manzoor

Data Analyst & Life Coach

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Last Updated on March 4, 2019

How to Use Credit Cards While Staying Out of Debt

How to Use Credit Cards While Staying Out of Debt

Many people will suggest that the best thing to do with your credit cards during these tough economic times is to cut them up with a pair of scissors. Indeed, if you are already in huge debt, you probably should stop using them and begin a payback strategy immediately. However, if you are not currently in trouble with your credit cards, there are wise ways to use them.

I happen to really love my credit cards so I will share with you my approach to how I use mine without getting into deep financial trouble.

Ever since about 1983 when I got my first Visa card, I continue to charge as many of my purchases as possible on credit. Everything from gas, groceries and monthly payments for services like my cable and home security monitoring are charged on credit. Despite my heavy usage, I have maintained the joy of never paying any interest fees at all on any of my credit cards.

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Here are some tips on how best to use your credit cards without falling into the trap of paying those nasty double-digit interest fees.

Do Not Treat Credit Cards as Your Funding Sources

Too many people treat their credit cards as funding sources for major purchases. Do not do this if you want to stay out of trouble. I use my credit cards as convenient financial instruments so I do not have to carry around much cash. In fact, I hate carrying cash, especially coins. When you buy things on credit, the purchases are clean and you will not get annoying coins back as change.

I do not rely on my Visa, MasterCard or American Express to fund any of my purchases, large or small. This brings me to my golden rule when it comes to whether I will pull out any of my credit cards either at a retail or online store.

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I never purchase anything with my credit cards if I do not have the actual cash on hand in my bank account.

If I really cannot pay for the item or service with cash that I already have at the bank, then I simply will not make the purchase. Remember, my credit cards are not used as funding sources. They are just convenient alternatives to actual cash in my pocket.

Make Sure to Always Pay Off Balances in Full Each Month

The next very important part of my overall strategy is to make absolutely sure that I pay the balances in full each and every month no matter how large they are. This should never be a problem if the cash has been budgeted for my purchases and secured in the bank. I have always paid my full balances each month ever since my very first credit card and this is why I never pay interest charges.

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Using Credit Cards with Rewards

Most of my credit cards are of the “no annual fees” type, including one MasterCard on a separate account I keep at home as a spare in case I lose my wallet or incur any fraudulent charges. However, I do use a main Visa card which does have an annual fee because all purchases on that card reward me with airline frequent flyer points. For me, the annual fee is worth it since I do travel and I get enough points to redeem many free flights.

You have to decide for yourself if you will charge enough purchases on credit each year without paying interest charges to warrant a credit card that rewards you with airline points (or other rewards). In my case, the answer is “yes” but that might not be the case for you.

I occasionally use a MasterCard or American Express card on small purchases just to keep those accounts active. Also, I have been to the odd retailer that accepted only a certain type of credit card, so I find that having one from each major company is quite handy. Aside from my main Visa card which earns the airline points, the rest of my cards are of the “no annual fees” variety.

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So this is how I use my credit cards without getting into any financial trouble with them. This strategy is recommended only if you are not in debt, of course. In fact, it is worth keeping in mind once you’re out of debt so that you can keep your credit cards active and treat them responsibly.

What are your credit card usage strategies? Let me know in the comments — I’d love to hear what methods you use.

Featured photo credit: Artem Bali via unsplash.com

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