Source property for wealthy investors

We all know how much money there is in property, but on the surface (with house prices as high as they are) you might be thinking this market is off-limits.

Truth is, lots of people make a great deal of cash simply sourcing suitable properties for wealthy investors who simply have no time.

The trick is to find properties below market value (BMV) by avoiding estate agents and instead flyering your area with your contact details offering to buy houses. Then approach investors with a no-brainer offer to pass on the details of cut-price property in exchange for a % of the sale value.

Most cities will have monthly networking events for landlords and property investors. Track these down, sign up, put on your best suit and go along with lots of business cards. Or you could start on LinkedIn or even Twitter to build some initial contacts.

As you might imagine, this isn’t necessarily a quick way to make money but once you’ve got a few investors in your phone book it can prove to be very lucrative in the long run. If you’re interested, I recommend readingthis book.

Read More

Network marketing

Also known as Multi-Level Marketing (MLM), this is a business model that allows you to generate ongoing income in two ways: by making a commission selling products and by recruiting other members who go on to sell. The later allows you to make money from the sales made by those you have recruited.

Importantly, this is not a pyramid scheme (they are illegal) because there is an end goal which involves a customer buying a product or service of value.

It’s also not a ‘get rich quick’ scheme. You will have to work I’m afraid! However with the growth of social media, network marketing is becoming easier and lots of people are now making a decent living from it.

This is a serious way of making good money on your own terms and it’s well worth reading up on it. I recommend getting “The Business of the 21st Century” by Robert Kiyosaki.

Read More

YouTube videos

According to recent stats we now watch more videos on YouTube than searches on Google. And with the recently introducedYouTube Partner Program you can now profit from making and uploading videos. You will receive a percentage of the advertising revenue collected per 1,000 views.

Depending on how successful you are (virality, subscriber base and topic) you can make a lot of money, and there are plenty of stories every week of more and more YouTubers making it their career.

For more tips read our guide to making money from YouTube.

Read More

Sell your stories and videos

If you have an interesting story then you could try selling it to the papers. It could be anything from sleeping with a professional footballer to getting caught in a clothes horse!

One of the Save the Student team was unfortunate enough to have a pigeon fly through and smash their window at university and sold the story to The Sun for a tidy £50.

You could also film your mates at all times and send it into You’ve Been Framed to net yourself £250 and a few seconds of fame.

Read More

Sell clothes on eBay

Everyone’s best friend when it comes to getting rid of junk is eBay. Online auctions are a sure-fire way to turn that sleeveless jacket (which came in and out of fashion in a week) into hard cash.

Some eBay sellers look at trends and try to predict what will be big ahead of the market. If you are good and don’t mind taking a risk then you can buy early in bulk and sell on when the craze hits.

For lots more tips on selling on eBay read this guide.

Read More

Busking

If you can sing or dance then this is your time to shine baby! Did you know that Justin Bieber started off busking? That’s right, with a little work you can be as annoying as him.

There are really no tips for this except choose a good spot with high footfall, make sure you are good and play your heart out. Some buskers in the past have been known to make upwards of £20 hour.

Read More

Freelance work

Perhaps you enjoy writing, managing Facebook pages or doing a little bit of graphic design in your spare time. There are so many freelance jobs out there that require simple skills or just time that someone else might not have.

And the best things about freelancing is that you can work for clients in the UK and around the world with just an internet connection from home, to your own hours whilst developing valuable skills.

A great place to start is with the leading freelance site Elance.com. Or try using our student job search to find freelance jobs.

Read More