College Student's Guide to Making Money Online
byMar 3rd 2011 11:30AM
Abraham Lincoln once said, "Whatever you are, be a good one." Perhaps this is the concept behind fiverr.com, a website where people can sling whatever wacky talent they may have for the low price of one of Lincoln's namesake bills - $5.
I bet you didn't know you wanted a beautiful confetti necklace, someone to potty-train your cat, or a video of someone's bird named Pickle flying around your advertisement. All of these things could be yours for $5.
What does this mean for you as a college student? You have the opportunity to compete with professionals. Crowdsourcing removes a lot of the limitations of job requirements that create hurdles for college students who lack experience. Of course, you should still finish your degree and fine tune your expertise, but when it comes to crowd-sourced projects: if the company likes what you give them, they will buy it -– regardless of whether you have a PhD or a high school diploma.
Are you a writer? Check out Helium, Seed or Demand Studios. You can do some freelance journalism, copywriting or blogging. If your work is good, you'll get paid and published –- which is that experience you need on your resume to move up the job ladder.
Got a keen eye for design? Go to 99 Designs, crowdSPRING or logo tournament. Here you can work on identity branding, print design, t-shirt design, web design and more. Some of these contests get hundreds of submissions, so pick your battles wisely. Maybe no one wants to design the flyer for the murder-mystery-novel-anime-convention. Give yourself a challenge and take it on.
Don't feel like being creative? Amazon.com's Mechanical Turk program was one of the original crowdsourcing applications. It is a marketplace for robotic-like tasks that require human intelligence. This could be identifying photos, transcribing audio or researching data details. Although you will not rake in big bucks here (try 47 cents an hour), it might be more productive than staring at your Facebook newsfeed for hours on end.
Use common sense and beware of scams that promise quick ways to make money online. If it seems too good to be true, it probably is. Otherwise, good luck, and may you stand out from the crowd!
Sarah Smith is a junior at Loyola University Chicago majoring in international studies and visual communication. She writes for Money College about her personal finance experiences as a student.