6 ways to make money as a full-time student

Summary

The video script narrates the speaker's entrepreneurial journey, starting with a childhood lemonade stand that earned a fourth grader $50. It then outlines six money-making methods for students, ranging from part-time jobs to starting a business. The speaker shares personal experiences with blogging and YouTube, emphasizing the importance of patience and discipline. Each method is evaluated on earning potential, flexibility, stability, and difficulty, offering a balanced view for viewers to consider their options while prioritizing health and academics.

Takeaways

• 🍋 The speaker's first business venture was a lemonade stand, which they set up as a child and earned $50 by the end of the day.
• 💡 The video aims to provide six different ways for students to make money while in school, excluding cryptocurrency and dropshipping.
• 📝 At the age of 12 or 13, the speaker started a gaming blog, which introduced them to SEO and Google AdSense as a source of passive income.
• 💼 The speaker suggests part-time jobs as a stable way for students to earn money, with the added benefits of socializing and skill development.
• 🏡 Neighborhood jobs such as tutoring, babysitting, pet sitting, and landscaping offer higher pay and flexibility compared to part-time jobs.
• 🔍 Freelancing allows for extreme flexibility and the opportunity to sell skills online, but it can be competitive and requires standing out.
• 🎥 Creating content, such as YouTube videos, can be a fun and creative way to earn money, with potential for ad revenue or brand deals.
• 🚀 Starting a business offers the biggest potential upside for entrepreneurial students, but it requires time, capital, and tolerance for risk.
• 📊 The video ranks each money-making method on a scale from one to ten based on earning potential, flexibility, stability, and difficulty.
• 📚 Regardless of the chosen method, the speaker emphasizes the importance of patience, prioritizing health, and focusing on academics.

Q & A

What was the individual's first business venture?

The individual's first business venture was a lemonade stand, which they set up as a fourth grader and earned $50 by the end of the day.

What is the significance of the lemonade stand experience for the individual?

The lemonade stand experience was significant as it was the individual's first introduction to entrepreneurship and provided a sense of accomplishment and enjoyment in running a business with friends.

What is the main promise the individual makes about the money-making methods they discuss in the video?

The individual promises that the methods discussed might provide a nice side income while being a student, without guaranteeing large amounts of money or success in areas like crypto or dropshipping.

At what age did the individual start their second business, and what was it?

The individual started their second business at the age of 12 or 13 with a gaming blog, which marked the beginning of their journey into SEO (search engine optimization).

How did the individual monetize their gaming blog?

The individual monetized their gaming blog by using Google AdSense to run banner ads across the website, earning money whenever someone clicked on the ads.

What are the pros and cons of starting a gaming blog according to the individual?

Pros include the potential for passive income over time and honing design and writing skills. Cons include a steep learning curve, the time it takes for content to rank on Google, and high competition.

What is the individual's rating system for evaluating the different money-making methods discussed?

The individual rates each method on a scale from one to ten based on earning potential, flexibility, stability, and difficulty.

What is the main advantage of getting a part-time job according to the individual?

The main advantage of getting a part-time job is stability, providing a steady, predictable income with a structured work environment and opportunities for socializing.

What are some examples of 'Neighborhood jobs' mentioned in the script?

Examples of 'Neighborhood jobs' include tutoring, babysitting, pet sitting, and landscaping, which can offer higher pay than minimum wage jobs.

What is freelancing, and how does it differ from other methods discussed in the script?

Freelancing involves selling one's skills online, such as design, coding, or editing, through platforms like Fiverr. It differs from other methods by offering extreme flexibility and the ability to choose when and where to work.

What are the two main ways content creators can make money, and which one is generally more lucrative?

Content creators can make money through ads or brand deals. While ad revenue is more stable, brand deals generally have the potential to make more money.

What advice does the individual give for those who are entrepreneurial and considering starting their own business?

The individual advises entrepreneurial individuals to develop their own product or service, focusing on problems they encounter in daily life and solutions they wish existed, to build product sense, marketing ability, and creative thinking skills.

What is the individual's final recommendation regarding prioritization when choosing a money-making method?

The individual's final recommendation is to be patient, prioritize health and academics, and choose a method that aligns with one's entrepreneurial spirit or personal preferences.