How To Make Money Without Going To College
When you finish school, you are expected to make a critical decision to shape your whole future. The thing is, is that it needs to be the right decision as to the implications of making the wrong decision are high.
The decision I am referring to is whether to go to college or not. If you decide to go, you may well be able to get the job of your dreams. But, if you get the job or not, you will have a lot of student debt to pay off.
You may be at this point in your life right now, thinking that you are running out of time or that if you don’t go to college right now, you will be behind everyone else. The truth is, there is no rush, as you may consider going to college later on in life, or do what I did, and get your degree in your spare time alongside your job.
But, what if you want to take a different path? You may decide that starting your own business would be a much better use of your time. So, in this post, I am going to go through some ways on how to make money without going to college.
1. Affiliate Marketing
Affiliate marketing is a great business model that allows you to make money without going to college. All you need to do is create quality content that promotes other people’s products and services.
It starts with your niche website, where you provide information on a particular subject. Niche websites are based on hobbies, interests and aspects of life. For example, the niche of this website is helping people starting their own online business to allow them to manage their time so they can enjoy life. I also have a website in the mountain bike niche.
Creating a niche website is actually pretty easy, and can be done in just a few minutes. The way you make money is by placing affiliate links within your content, which is also very easy. Examples of content you will create are blogs, reviews, accounts of personal experiences, buyer’s guides or tutorials. Therefore, you will be able to recommend specific products or services your readers may benefit from.
Your affiliate links will seamlessly take website visitors to online stores where they can buy the products or services. These links are unique to you and the product and are tracked by the affiliate program. Affiliate programs will pay you every time somebody buys through your website.
Affiliate marketing can be very lucrative when done right. There is no limit to the amount of money you can make. You can create content that will make you money for months or years to come 24/7.
I go into more detail in my post, how can I make money from affiliate marketing?
Dropshipping is a brilliant way of selling products online at low risk. Typically to sell something you have to buy stock and store it. Then when somebody buys it, you have to pack it up and ship it. But dropshipping does away with all this.
Dropshipping works via an online store where you place several products. When someone buys from your online store, you place the order with your supplier. The supplier packs it up and ships it to your customer.
The way you make money is by listing the product at a much higher price than what your supplier is charging you for it. The price should cover the shipping and the marketing costs while giving you a decent profit margin. Often products are sold with a 300% markup on them.
All this sounds very easy, but you need to get people to visit your online store. This is where social media adverts come in. To use Facebook as an example, you need to target your audience by creating audiences for your adverts. This takes a bit of trial and error, but once you have it nailed, you can be selling products all day every day all over the world.
Check out my guide on how to start a drop shipping business.
3. Start A Blog
Starting a blog is still a great way to make money without going to college. This is more of an extension of affiliate marketing, as the process is the same. However, you may want to use other methods of monetising your blog. For example, once you have got your website up and running with some traffic, you can use the following ways to make money from it:
- Selling advertising space
- Google Adsense
- Selling physical products
- Selling digital products (ebooks, music, photos, guides, etc.)
- Sponsored blogs
The great thing about starting a blog is that your work revolves around something you enjoy, like a niche website. You will be out doing cool things that make you happy to create content for your website and social media channels.
Check out my guide on starting a blog for profit to see how you can do this for yourself.
Freelancing is an extensive method of making money. Still, you have to find something you are good at or find interesting. You will be paid directly for your skills and services, which is excellent and instantly rewarding.
There are all sorts of things you can do as a freelancer, such as:
- Graphic design
- Web design
- Social media management
- Fitness training
- Music lessons
The list is endless, but thanks to the internet, you can find people that will pay you for your services quickly.
As an example of this, I write blogs for other people though the Fiverr freelancing website. I have work published on all sorts of websites from cycling teams, water sports shops to giving advice on condoms for her pleasure! I love the variety of subjects and the fact that I can make more money from my writing skills.
5. All Of The Above
One of the best things about working from home is that you can build financial stability by having multiple income streams. If one is slow to get going, or runs into issues, you can fix it while making money from elsewhere.
Affiliate Marketing and creating a blog takes a long time to make money from. But, they can be done alongside a regular job, or if you decide to do some freelancing.
That's How To Make Money Without Going To College
You can try these methods even if you do go to college. These are all ways you can make a living from anywhere in the world. They are cheap to start and when done properly, will sustain an excellent lifestyle.