Start a Kickstarter campaign

What the hell is Kickstarter?

Kickstarter is a crowd-sourcing platform where you can support people's projects with your money. Here's a brief explanation of Kickstarter:

Sounds interesting, huh? 

To keep it easy for a Friday, I'll give some brief tips to earn money with Kickstarter:

1. Do your research
2. Define your goal
3. Consider your rewards and costs
4. Prepare your pitch
5. Market the hell out of it
6. Keep it alive
7. Listen to your backers
8. Be patient
9. Be flexible and creative
10. Have fun

You want some more information? Then you should visit these website:

- Mashable

- Kickstarter tips for students

- Kickstarter

Repair Cars

The majority of college students who have a car don't know how to make minor repairs on their own or how to deal with sudden situations that might face them. If you do, you're in luck. Consider making a small investment in tools and supplies and then advertise for reasonably-priced onsite repairs and maintenance work like oil changes.

How to Make Money on Youtube

Here's an interesting video we found for making money on Youtube. Enjoy :-)

Time Management

As we all know how students are enthusiast and energetic when it comes to trying and exploring new situations. When students start making extra income through what they enjoy the most such as; cooking, photographing, teaching and drawing, they become more eager to make more and more money. 

Where can they go wrong? Lets keep in mind that those students have other responsibilities like studying, assignments, home duties family obligations. Getting into the "money making" field, it will affect the students time management regarding all the duties and tasks they have. 

My advice to you is, you still have time to become one of those people who have millions in their bank accounts. Take the advantage of being a student but it does not mean that you cannot make money, time management is important. 

Advantages and Disadvantages of Making Money Online

Here is an interesting video highlighting a few points you might consider when trying to earn money online :-)

Shedding light on the darker side of the coin

Talking about the alternative methods of income often engages work from home – it's more  convenient, doesn't involve long hours in traffic in your way to the office plus you can do some of the housework during your “office day”. The big question that arise does it make you more productive, stimulated and motivated or there is a possibility that you are missing something by not seeing your colleagues face to face every day.

I found an interesting article that discusses the decision of Yahoo’s Marissa Mayer to ban “working remotely”. From Yahoo’s point of view working side-by-side is a crucial component of working effectively and efficiently and that the speed and the quality when we work from home “are sacrificed”.

Another opinion that supports Yahoo’s view is given by the Virgin mogul Sir Richard Branson saying that working remote from the office and your coworkers is “a backwards step”.

So what do you think? If you work from home, no matter whether is a part time job or full time job, permanent position or just an alternative way of making additional income, how much time do you actually dedicate on working and how  for much making tea, checking the press or shopping online?

Being a specialist in organising...Why not?!

Professional Organizers may sound weird and most of the people don’t know that such profession exists. And yet why not? Disorder is everywhere you look in offices and homes.

What is a Professional Organizer?

Just like the title suggests, professional organizers sell their organizing services to businesses and homes, helping other people bring order out of chaos.

From what I can tell after a quick research, professional organizing is a “legitimate home-based business opportunity”. You can read about it at CNN Money (there is also a professional organization you can join, called the National Association of Professional Organizers, or NAPO).

The only disadvantage that I found out is that before starting you should be ready to invest… it’s more than $500 for the startup system, but if you are good enough you can compensate that money for a week.

I guess you are thinking what system and the answer is a Professional Organizer Business Complete Startup System

This system advertises itself as a comprehensive guide to getting started in and running your own successful organizing business. If its advertising is true, it does seem to be quite comprehensive...but expensive also, at 549 dollars. However, if you really can up to 60 dollars per hour as a professional organizer, and system can help you get there, a 500 dollar investment is perfectly reasonable.

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Campus Brand Manager

How do you do it? Big companies – including Apple, Reckitt Benckiser (maker of Clearasil and Strepsils), banks, and law and accountancy businesses – pay a few students to represent their brand at universities. This usually means putting up posters, running events and talking up the firm to fellow students.

Fred Coppin, 21, a fine arts student at Oxford Brookes, is a student brand manager (SBM) for Red Bull, the energy drink firm: "The work is varied but always fun. It can involve anything from giving away cans to working with the uni's elite athletes. To promote the Red Bull Music Academy Radio, I threw a massive party at my student house, getting the best DJs in town, and inviting all the cool kids on campus. We had to have security on the door as everyone wanted to come."

How much can you make? Law firms and their ilk tend to pay a fixed fee of about £200 a year for promotion work that includes "shout outs" about recruitment opportunities at lectures. Brand managers can expect about £7 an hour, working at least 10 hours a week. "You can work when you want and it's on campus, so it fits around uni," Coppin adds.

Pitfalls? Tough competition for a job. "The most annoying thing is everyone asking if I have vodka to go with the Red Bull I give out."

Source: www.guardian.co.uk

Focus groups

Find local market research companies and ask to register as a possible focus group participant. You could make a few dollars in exchange for offering your opinion about a new ad campaign or sampling food.

Source: www.fastweb.com

Set up an Ebay shop (Part 2: Video!)

Here at Money Hugger we want to give you as much help as possible so that you can go away with all the information and support you need to start making some money!

You might remember before when I uploaded a post on how to set up your own Ebay shop. It was very much a lot of thought provoking material on what you should think about and how to ensure you have flawless success when you start doing it (it was basically a marketing guide!) 

What I forgot to mention was basically - How to set it up! Of course what I neglected to think about myself was that not everybody is familiar with the website. Therefore, I have found you guys a video that should help you to actually get going with your account set by step. Enjoy!

How to make money online fast - Extra Easy Money From Home

                                            http://www.youtube.com/watch?v=Ig3vDRx3noQ

Earn money in the pub - cont'd

Thank god it's Friday, so it's time for some new bets that you can try in the pub. 

Enjoy and have a nice weekend!

Sell tickets to school games and events

Is your university hosting a hot off-Broadway play? How about a rival college basketball or football game of the season? Everyone, including those that don’t go to your college, enjoy snagging tickets to games and events that they don’t get first picks at because they aren’t students. Since you get first pick at tickets, why not buy a couple of extra for really hot events and sell them online in Facebook Marketplace, Craigslist and Twitter for a small mark-up for your troubles?


Source: www.makemoneyinlife.com

Creating Cash from your Musical Instruments

If you know how to play any instruments (guitar, drums, piano, etc.) you can teach others for £5-£10 a week.

Create a blog, and make money from it

Here is a helpful guide on how to make money from your blog :)

Rent out your room on Airbnb

Airbnb is an online marketplace for people to list, discover, and book unique accommodations around the world. Whether a flat for a night, a castle for a week, or a villa for a month, Airbnb connects people to unique travel experiences in more than 33 000 cities and 192 countries.

You can list your room for free on airbnb.com and get paid by every check in. If you have space in a relatively popular area, you could easily make a few hundred dollars renting out an extra room or just your couch.

Source: airbnb.com

Tutoring

This is an effective way to earn money and works really well if you are excellent in (a) certain school subject(s) and you are able to translate your thoughts into words in a way students can understand.
Starting your tutoring business for £ 5 per hour in order to get as many students as possible with your special price.

Get paid to be a writer

Ever heard of Textbroker? If not, you have now. Get paid to be an author. You don’t have to be a professional writer, although proper spelling and grammar are required. You can get paid close to 100 bucks or more for an 8,000 word article that you write. You pick the topic. The client sets the deadline and you have X amount of days to finish the article in your spare time. You can set your own rate or use OpenOrders. With OpenOrders you are paid a fixed rate per word. The rate is set by the client's chosen quality rate.

Some people have also reported HubPages as a great way to earning money online. Every time you write an article or “hub” you can generate a large amount of traffic to your site. The more hubs and the more you grab your reader’s attention, the more hits you get. Then you can earn money through Google Adsense. HubPages has a very user friendly way of setting this up.

Source: Thegradstudentway.com
Links: www.textbroker.com, hubpages.com

How To Make Money Online - Top secret, Fast & Easy Method!

                                          http://www.youtube.com/watch?v=qCROxv_Wov0

Host a Tournament

Hosting a tournament will seem like a daunting task but it really doesn't have to be, and it is a simple way of earning some money and having some fun too!

Here are all the things you need to consider:

The type of tournament
So what are your interests? By having a level of personal knowledge first, it makes acquiring resources much easier. It basically gives you a place to start. It will hopefully also give you a group of potential participants if you know people with similar interests. A tournament can be based on anything competitive. If it isn't competitive, make it competitive. Here are a few ideas to get the creative spark flowing, ridiculousness included:
Fifa 13 on PS3
Mathletics (yep - not a spelling error!)
Pool
Mortal Kombat on XBox 360
Scarf Knitting
Football or 5-a-side
Pie eating
Basketball
Super Smash Bros Brawl on Wii
Table Tennis

For each idea you have to think:
What do I need?
How can I get it? (& What do I already have?)
How many other people will be interested?
What other tournaments are hosted?

If your answers are "Not a lot, quite easily, most people," and "not many", then it's likely that this is a tournament worth hosting. Obviously this won't be the case every time, but you have to think about what time you want to give to this project and how much money can be made at the end of it!


Venue and equipment costs
It is likely that these two issues are going to cause you the most problems. Firstly, what equipment is directly needed and where can you either find it, or put it. Think about everything! even a clipboard and a pen and paper for the day when you are running the tournament. Even a spare pen. Even a second spare pen! Don't let anything be missed out as this will spoil the day, upset a lot of people and dampen any future efforts at hosting a tournament.

And what venue will you use? Free venues will obviously reduce your costs but with paid-for venues, the quality of your event will shoot up dramatically. I suggest the best venue is one you can be sponsored for. Free but quality. Think also about what you want to achieve. If this is a competitive football match with serious participants, maybe try the local courts or sports hall. If this is a fun Call of Duty competition disguising a social mixer, why not try a local pub or cafe.

Try and think about:
What equipment should you be providing? 
What equipment will participants bring?
What equipment might the venue have to offer?
Will you cover a shortfall?
Do you need 1 court/table/console/pitch and participants will take it in turns or will you need more and allow multiple games at once?
What is it that determines the score? How will you measure the winner? Sometimes this is fine to note down on paper if the winner is determined easily but think about the nature of the tournament!
Is anything likely to get broken/lost? Should spares be brought?
Try and leave as little as possible to chance.


The prize
Here you have 2 real options; money or an actual prize of some sort. The best option is again the more difficult; something more than just cash. The reasons for this is that you might be able to negotiate a trade with a sponsor which gives you a prize of a higher value than a cash prize you would be able to afford. This doesn't have to be your main sponsor but anyone who is willing to donate something, or sell you something  at a discounted price so that you might be able to give it out to the winners. Do remember that in essence, you are then selling this product, so it has to be something people want. An easy way of ensuring this is having prizes related to the cause, though this can often be difficult!

If you only want to give away money, you might want to do a bit of research into what people would expect as a prize after going through the tournament and when considering their entry costs. If it seems like too much work for too little reward, people won't be interested. Here you can think of it as a wage. If the tournament will take a total of 5 hours per finalist and they win £50 on a £5 entry fee, that's £9 per hour; not too bad.

You also want to think about the amount of prizes. It's not always as simple as offering just one thing! How many times have you thought "Oh, I would enter the tournament but I know for a fact that if he/she enters, I have no way of winning"? Well, by offering 2nd and 3rd place prizes, you add the clause "but maybe I can try for the 2nd place prize."



Ticket prices and amount of participants
This is basically your income. I suggest calculating your costs first and putting in every effort to reduce them where possible so you know what amount you have to make more than to break even and start seeing profits.

For a normal knock-out tournament, it is usual to have 4, 8, 16, 32, 64, 128, etc. participants. This works perfectly and for simplicity's sake, it is best to not tamper with it. Then you need to set your ticket price based on a.) the prize fund b.) the length and type of tournament and c.) what you think is just and fair, compared to what is expected of participants and what others are doing. It is likely that your ticket price will be less than £5 unless you are aiming to host a professional tournament with a very worthwhile prize. 

As an example, let's say you're planning to charge £3 for entry and your costs come to £100. By having a 64-man tournament, you will receive a net profit of £92! This sounds great, but you have to evaluate whether you think this will work. a 64-man tournament means there are 6 rounds including the final - will participants think this is worth it? This is a stage where you will need to keep going back over what you have planned so far and adjusting little bits and bobs until you are happy with the final result and are sure that potential participants are happy with it too!




Extra incomes or outgoings
Do always think about the extra costs involved. In particular - what is your marketing budget and how is it allocated? I'm mainly directing you towards printing costs here. They might be minimal but it is important to keep track else you might be very disappointed when calculating how much money you are making.

Another idea is charitable causes. An obvious reason for this is simply because it's a nice thing to do. Let's face it, there's always room for improvement when it comes to your own charity work and this is effortless and effective. It can sometimes also help the ulterior motive of getting more people involved! Think - how many people will get involved if they think they are being ripped off with their entry costs and how many of these won't mind because it's a good cause.
Note: If this is your tactic, you may wish to have all *profits* go to the charitable cause. By doing this you will need to count yourself as a cost, by working out your wage (let's say the tournament is going to get £100 in profit and you have worked 5 hours @ £7ph - £35 to you, £65 to charity).

The best and therefore most difficult method of getting an extra income for your tournament is sponsorship. It may take a long time and a lot of phonecalls, emails and rejections to gain sponsorship but if you manage it, you will see the benefits immediately. Once you have come up with a plan for your tournament, be sure to take it to all the local shops, bars, restaurants (its more likely that the independently owned places are more willing to help) and ask for their help. Show them why it is mutually beneficial and why they should help. This is really only going to work if you are honest and are able to communicate to them how you are helping them, so think carefully about what you require and what you can give. Here are some ideas:

What you can give:
Free advertising
Customer influx (if venue based)

What you can get:
A location
Help promoting the event
Equipment
Funds
A prize

This has been an introduction to creating your own tournament event. The rest is up to you. Remember, the key ingredient to a successful event is planning! If you have any luck or further tips for creating tournament events, we'd love to hear your comments :)