Starting a business in today’s society is easier than ever. Unlike aspiring entrepreneurs of the past, those with the business bug today can simply file paperwork online and become a legal business owner in just a couple weeks.
Entrepreneurs today can sign up for a free website or monetize their social media account in seconds to begin making sales or providing services instantly. You’ve seen it all over social media and even traditional news outlets – young adults who dedicate time, research and attention to a business for a few hours a day and end up achieving unprecedented success.
Some are able to quit their jobs and run their businesses full-time, while others enjoy a few extra comforts or pay off critical debt, like student loans. Though every generation gets smarter and smarter about paying for college, US student loan debt still sits at $1.6 trillon.
Whether you have student loans or want a little extra cash for luxuries like travel, here are four ways recent graduates can make extra income.
1. Create a Product
Apparel, jewelry, ebooks, you name it. Unlike the businesses of yesteryear, companies today don’t need brick-and-mortar stores to sell products. All you need is an idea and a website, many of which offer free plans allowing you time to build and earn money before purchasing a more extensive website option. Research top-selling products, conduct your own research about what people really need and make a product for it.
2. Freelancing
What special skills do you have that people would be willing to pay for? Decide what you’re good at and offer your services as a freelancer. You can build your own website and audience or work through an online service provider that connects businesses to freelancers.
3. Courses
You can monetize your knowledge while simultaneously helping others by building your own course. Think about something you’ve mastered and share it with others. Websites like Teachable can help facilitate the course creation process and get you in front of an audience.
4. Influencing
The influencer industry brought in $8 billion in 2019 and is expected to grow up to $15 billion by 2022. People love following others’ life stories in real time. Whether there’s a specific niche you’d like to share with others or a distinct lifestyle you live that others would be interested in, you may have a shot at becoming the next big online personality. In a world where online celebrities are now almost more popular than mainstream ones, influencing may be just the hobby you need to bring in a little extra income. Get yourself a good camera like the Sony DSCHX80/B High Zoom Point & Shoot Camera and best selling influencer guidebook, Influencer: Building Your Personal Brand in the Age of Social Media and get to work.
If you have any additional ideas on how to begin paying off student loans, let our Post Graduate community know! We wish you the best success in your business endeavors.
Your Friend,
Post Graduate
ourpostgraduatelife.com 
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