best earning method for students in 2022

Best Earning Method For Students In 2022

Best Earning Method For Students In 2022

Best Earning Ways For Students In 2022

 

first of all i would like to appreciate you because you are willing to work.so if you really want to earn money then here are some simple methods to earn.

There are so many ways college students can make money. Here are some of the ways that I made money during my college days at IIT Bombay:

Content Writing: I ran a small Content Writing freelancing business while in college. I made upwards of Rs. 30 lakhs with that Business. I used to write articles regarding multiple topics - JEE preparation, Machine Learning, Artificial Intelligence, Web Development, Python, MS Excel, etc. I had a team of some 20 odd freelancers and had clients in multiple countries - India, US, Canada, Poland, Singapore, etc.

Here is a screenshot from Upwork. There was a large US client that paid via Upwork and was almost 50% of the earnings.

If you plan to do Content Writing, focus on the foreign clients because you’d be able to earn in dollars. I had some clients pay me as high as $75 per article of 1000 words.

I no longer run this business because I am running my Startup which is doing much better. However, I feel that Content Writing is arguably the easiest way for students to make money. Very few people can write good quality content which is SEO-compliant and easy to read and is grammatically and factually correct. Also, very few people can write well as well as have technical knowledge. So, if you can write good quality content, definitely consider Content writing as an option.

Affiliate Marketing via Blogging: I have a popular blog on JEE preparation which at its peak used to receive over 100k hits per day. In my blog, I shared content related to JEE preparation and how I achieved a top 50 rank in JEE. Many students started asking me for the books that I used for my preparation. People even sent me Amazon links to the books to confirm if the book edition they were about to order was correct.

That’s when it struck me that if I can put affiliate links to books, I will be able to earn money. I made some Rs. 2.75 lakhs via Amazon Affiliate Marketing from my blog.

A snapshot from Amazon Affiliate Payment History:

Selling e-books: From my JEE preparation blog, I sold e-books on JEE preparation. The books were priced quite affordably at Rs. 100 maximum. I sold these via Interzoo Platform. I just checked the console and I can see that I have made just over Rs. 2 lakhs.

Rubrik Internship: I interned at a startup called Rubrik which is in Palo Alto (San Francisco Bay Area). I was getting a stipend of $8000 per month. I made some Rs. 16 lakhs worth of stipend. After my expenses, I ended up saving some Rs. 8.5 lakhs. Here is a copy of my US W-2 form:


Trexquant Internship: I did an internship with a startup called Trexquant. I had to make profitable trading alphas that generated profits. I made some Rs. 2.5 lakhs working with Trexquant for 4 months. Here is a screenshot of one of the monthly payments.

Internship at a Stealth Startup: There was another Stealth mode startup where I interned part-time with college in my fourth year. I made some Rs. 0.6 lakhs in a month. It was a Machine Learning Internship where I worked on building ML models for a Computer Vision problem.

Selling courses online: From another of my Career-related blog, I used to sell online courses on technical domains like Django, Machine Learning, etc. I made some $8.5k worth of lifetime sales leading to an earning of Rs. 3.2 lakhs (50% affiliate margin). I think that by far, blogging is the best way to earn money. If you have a large enough audience reading your content, you can always find a way to monetize it.

TA-ship: I was a Teaching Assistant in multiple courses at IIT Bombay. I made some Rs. 1 lakhs via TA-ship. I did TA-ship for fun and not to make money. I enjoyed speaking with students because it helped me broaden my own perspective and learn.

Solving JEE Questions: There are many Ed-tech startup offices near the IIT Bombay Campus. Many of the founders are themselves Institute Alums. So, in the hostel bulletin boards, one can always find opportunities for freelancing, by working for these startups. I saw a similar opportunity in my second semester when Plancess (a JEE preparation platform) was hiring students who could solve JEE Main 2014 question paper. My friend and I made Rs. 4000 each. It was a small amount, but I think this was my first earning.

Website Development: In my second year of college, I made a website for a startup which helped me earn Rs. 10,000 in a week’s worth of time - not bad for the second year of college.

Solving Questions from Books: I wrote solutions for Computer Science books for a US-based platform and earned some Rs. 1.2 lakhs during my winter vacation of the second year. I used to earn as much as $0.5 per solution. The solutions had to be typed in LaTeX.

Being a techie myself, I always used to try and find ways to use technology to make money. While solving the questions, I found that in one of the books, the solutions were provided at the end. So, I wrote a python script that scraped the solutions from the book and uploaded them on the online portal and I made some Rs. 70k in just 2 days of time - not bad for a winter vacation :)

Taking JEE Coaching Classes: In the first year of college, when I visited my home, my JEE coaching teacher asked me to take a few Physics classes for some of his students. He used to pay me Rs. 500 per class and I took some 10-odd classes and made Rs. 5,000.

Writing answers to JEE Questions in LaTeX: I worked for Toppr during the first year of college and typed solutions to JEE questions in LaTeX and got paid some Rs. 10 - 15 per solution. I remember making as much as Rs. 13k in just 1 month. I guess I worked for some 5 - 6 months and made Rs. 50k in the first year.

If you total this all, you’d find that I made upwards of Rs. 52 lakhs while in college itself. Apart from this, I got a scholarship of Rs. 5 lakhs for getting a top 50 rank in JEE. That totals to Rs. 57 lakhs worth of earnings during the 4 years of college.

More than just the earnings, I think I learned a lot of things that helped me while building Cogno AI into a multi-million dollar business. Coming from a middle-class family I always had an urge to make more money and being from a Marwadi family, entrepreneurship was the most natural choice.

I think students should strike a good balance between studying, skill development, and earning money. Under no circumstances should one compromise one’s learnings and skills at the cost of money-making because the long-term rewards of the learnings of college life could be worth millions of dollars.



 affiliate marketing

I have never come across an affiliate marketeer who is making a significant income from it and is willing to share this proof with me.

Not one.

Ever.

Been 4+ years in the hunt and I know my fair share of affiliate marketeers.

I have personally been banned from forums like www.warriorforum.com because I specifically challenged all those so called gurus who were selling their work for $97, or $47 or $27 (and made $100,000s from it), to show me proof.

The only proof I wanted was either a video recording of them entering their PayPal account or Bank Account statement that was showing the same.

Never got it.

I suggested many other options/alternatives to them to validate their wild income claims, only to get booted time and time again. yes, I tried under various IDs, etc.

Is there income from affiliate marketing - sure there is. Is it enough for people to make the wild claims they do - to sustain a large living of it - NO! That is a pure scam (in my opinion) and I refuse to budge from my stance, unless shown otherwise (i.e. proven wrong).

Affiliate marketing benefits the company whose product/service you are selling.

Let me repeat that again, affiliate marketing benefits the company you are promoting --- not you!

Simple. 1000s of people sign up and promote their products in the hopes of making an income. If 1000s of people are actually promoting the product, then the products would be flying off the shelves - the sad reality of it is - they are not (in majority of the cases).

If you promote say a product from Amazon, the cookie is only valid for 24-hours! Now lets say you have 50,000 visitors a month, realistically, 100-150 or so will click in (I say this from experience and from having seen many high-traffic blogs, who do affiliate marketing). Out of this 100-150 clicks, they usually have 1-3 sales per month. That's it.

Those who claim that their cookie is valid for 45 days (good!), but what about the product? Either it is crap (a fact easily verified by the percentage of the income you would be getting back from the sale price), or the mere fact that 10,000+ people are promoting it. The chances of you making a sale is slim to none.

The amount of money you spend in promoting the blog and promoting the product, does not do justice to the income made. Many people will tell you of how to go about making 100s of sites with micro-niches, etc. and you will be raking in the money. Please go ahead and try and prove me wrong. I would love to see to the contrary.

Like I cited, affiliate income is there, but not enough to make a significant living from it. Most of the Long Sales Letters you will see, with screen shots of crazy income accumulated over a 24-hour period, etc. are all fake. 100% fake. Why is it that only in this industry (Internet Marketing / Affiliate Marketing) do you see those LONG winded sales letters and when you try to leave the page, a message pops up asking you (convincing you for the last time) not to walk away from this lucrative opportunity.

I have seen so called gurus on Warrior Forum go bankrupt and absolutely broke. I keep bringing Warrior Forum again and again, because it is highlighted as the mecca for internet and affiliate marketing. The people who really are making money are those who are selling their products and services. A person who makes a product for say amazing SEO plugin for WordPress is making money. The affiliates are not. For example, Thesis WordPress theme by DIY Themes is surely making money, their affiliates are "sooooooo" many (emphasis supplied), that the entire market is chopped up and distributed amongst the 1000s of affiliates and what each gets in turn, are a few $100 at best (if at all).

Its a numbers game for those starting out, and the odds are stacked against you. Why on earth would a person who has discovered a way or promotes a secret recipe of making $10,000s a month, share it with you for a few measly US$?

Answer - because that is the fraternity con.

All the other gurus would back each other and the novices like you and me, those who lie in bed all day, dreaming of how we could go online and make a very decent income and quit our jobs and take the vacations, get conned by these so called gurus, and money from our wallet (you will notice) will flow to 'them' be it in shape of SEO tactics, SEM, back links acquisitions, webpages setup, landing pages sales, mentorships, classes, plug-ins, robots, automated techniques, mailing list magic, 100% sure copy writing services, more secret recipes, analytical tools, more courses, e-books, more reading, the infamous "try harder, don't give up now" or "shampoo-wash-rinse-repeat" mantras that are constantly pounded into your subliminal mind.

Those with deep pockets, and I mean deep, who have the resources to buy 1000s of domains, lots of resources working for specialized micro-niche pages, and driving traffic to them, one way or the other, are making money. They have a wide spectrum of websites which is equally balanced with a wide spectrum of website traffic (very high traffic to very low traffic) and they average a very decent income. But they are not on these boards selling their secrets. They stay away from such crap and continue to focus on what works for them. They have the money to do very large scale buying of Adwords and other keywords to drive traffic to their website and keep you out on the periphery.

Every story you read about affiliate marketing, is like a cocaine story. There is a pusher in there, trying to promote or push their product or service to you, whilst at all time keeping you mesmerized by the promise of the big affiliate income source.

Its like when I was young and I read the "Emperor's New Clothes".... only a little boy could see that the Emperor riding on the horse was only in his undies...and if you continue to believe in this fable, that is all that you will have left.

Ask around for how many have been successful at affiliate marketing and what portion does it constitute of their overall income - the answer would be surprising for you - very little. Meagre in most cases.

Ask around to find someone who really made it - in affiliate marketing, and the answer is you won't find many. You will however find that most of them transition to some form of a product or service they sell to you, be it content writing, guru-ness teaching, learning the ropes, e-books, sales, etc. all to tell you how to make it in affiliate marketing world. Quite a contradiction.

The game is a loop.

This answer is not about being venomous at all. But it is about letting people know - think before you take the leap. The internet has simply exploded with the false pretense of fast money, cars, vacations, debt-free living, beaches, jewelry, fine wines, villas by the beach and city condos.... I think you know better.

There is no harm in learning affiliate marketing. Maybe you could be the one who makes it and proves me wrong. If so, I shall have a lot of respect for you. But do so with care. Most of what is taught - is freely available on the Internet. Freely! You just have to be patient, and clever in seeking out the material and putting it all together. I don't expect everyone to 'get it' - and this is what cons rely on, they hope you don't get it and then con their way into making sure you are on the long but sure path of getting it - which sadly never arrives. You will be flustered, frustrated, angry and feel violated once you discover how much money you have wasted on it. For good orders sake, don't put your hand into your savings or college funds, retirement fund.

The only people I know off, who are making money, but still I have not seen an income statement to that effect and hence I am very cautious, are the people who run very large mailing lists. When you have numbers in the 25,000+ readers in your mailing list, it is very well possible to make affiliate money off them. However, having said this, there are two caveats to the above statement.

  • Many readers feel 'cheated' if a link they clicked on in your list, somehow made you money (yes, crazy thought, but it is true).
  • You cannot continually keep pitching affiliate links to your readers, else they will deem the list to be a source of spam, and unsibscribe themselves from your list.


(Mailing) Lists are run like campaigns, spaced a few days apart. The income can be 'decent' provided the offering and the campaign was well thought of. However, I might add, it takes (months, if not years) to have such a list of so many people who opt-in, and the 
key point to note in lists is that they cater to a very specific vertical/niche. You can only market within that niche. Building such a huge list of subscribers takes a lot of money, so if the Question is can you make it - via lists, I would say, the jury is still out. I am 'convinced' it can be made, however, I have yet to see proof for the same. I don't know what the big deal is why people cannot share proof.

The affiliate marketing scam is equal in size if not greater in size to the Nigerian 401 scam. Yes, you really have a person willing to give you $ 1 Million. BS you say? Then how come you buy the same BS packaged in a different way, when someone tells you how you can make millions in affiliate marketing by buying their <insert product/service name here> for $X?

Stay in this niche long enough, and you will unknowingly transform from an affiliate marketeer to a provider of services or a product (mark my words!). Then you too shall be trying to find newbies the 5,000+ people who are logged in on Warrior Forum or other places like Digital Point, etc. and be making a comfortable living, in trying to sell 'stuff' to these people (mostly genuine stuff but equally balanced by a lot of fraudulently pre-packed BS). And the best part is the newbies are in millions! Millions! Imagine the possibility of duping them!

The subliminal advertising is so convincing, you will be drawn to it - the gravity of making money always will lure you. My advise, keep your wallet/money away! Do NOT go on the impulsive shopping spree. The 1 day only left, or a limited time offer. It just never ends.


If you have any questions and/or comments on this subject, please feel free to ask in the comments section.

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