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5k in savings - How to multiply as a college student? (Will work for free to learn from you)

Anything considered a "hustle" and not necessarily a CENTS-based Fastlane

Activist

New Contributor
User Power
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25%
Dec 11, 2023
4
1
I'm a Computer Science + Business 3rd year student in the US, I'll be working minimum wage over the break at my university. After my rent and food expenses, I'll have about $5k + 1k (current savings) in the bank.

What online business/freelancing could I realistically do to make more money with less direct time? Minimum wage returns directly depend on the hours I put in, I want to use my Computer Science or business skills to make money. I'm kind of interested in the online agency business where I can get clients and outsource work and handle some myself too.

STRENGTHS

1. Can build websites/apps and other stuff based on interest
2. Can write great concise emails that get replies from important people
3. Can talk to anyone, good choice of words
4. Not scared of rejection
5. I can read the room, emotions, intentions and incentives
6. Can find anything I'm looking for, and understand abstract ideas
7. Can make impressive presentations
8. Great eye for design and marketing


EXPERIENCE

1. Built a project at a hackathon that won the Best App award out of 1k people
2. Vice President of a top fraternity at my school
3. Dealt with small business owners as the Vice President of my college's Business Club

FAILURES

1. Been trying to make money online but failing since I was 13
2. My fear is 0 traction, if i get even 1 client, I'd be happy and know how to expand
3. Lack of commitment: Tried dropshipping and freelancing but didn't fully commit and quit too early, tried multiple times but quit too early because of no traction

LIMITATIONS

Can only work online due to visa issues

What kind of business could I REALISTICALLY start online and get some money coming in? I'm ready to learn basically anything and stay up nights if I have to. I'm also down to work for free with anyone who's already successful and can mentor me (I won't annoy you I promise, I learn fast).
 
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The Racing Driver

Bronze Contributor
Read Fastlane!
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Speedway Pass
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168%
Apr 20, 2015
206
347
UK
1. Can build websites/apps and other stuff based on interest
2. Can write great concise emails that get replies from important people

If you build good websites and you can write emails that people respond to.

2. My fear is 0 traction, if i get even 1 client, I'd be happy and know how to expand

Why do you have an issue getting one client?

Have you not been reaching out to enough people?
 

Activist

New Contributor
User Power
Value/Post Ratio
25%
Dec 11, 2023
4
1
If you build good websites and you can write emails that people respond to.



Why do you have an issue getting one client?

Have you not been reaching out to enough people?
To be honest, I've not even started. How do you think I should start?

I know some local business owners who run ice cream shops, music stores, pizza places since I'm an exec member on my college's Business Club. But the problem is that we're in a tiny town.

What kind of pricing and services I should offer?
 

The Racing Driver

Bronze Contributor
Read Fastlane!
Read Unscripted!
Speedway Pass
User Power
Value/Post Ratio
168%
Apr 20, 2015
206
347
UK
To be honest, I've not even started. How do you think I should start?

I know some local business owners who run ice cream shops, music stores, pizza places since I'm an exec member on my college's Business Club. But the problem is that we're in a tiny town.

What kind of pricing and services I should offer?

I recommend you read this thread. There's no reason you need to focus only on businesses in your town. Start with who you know, then keep expanding.

HOT! - How to land 8 clients a week ($4,000) right now to fund your business
 
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