If you’re a college student who already knows you want to own a business someday, the typical side hustle advice isn’t going to cut it. Walking dogs and delivering burritos will put gas money in your pocket, but they won’t teach you valuable skillsets. If you’re entrepreneurial, you need a side hustle that double as training grounds for the stuff you’ll actually be doing as a business owner.
That’s what this list is. Every side hustle here was picked because it pays well, doesn’t require too much money upfront, an fit around your study schedule, and because it forces you to develop skills that transfer directly into running a company. Sales, marketing, client management, pricing strategy, hiring, operations. You’re not just earning money, you’re building a skillset and a network that compounds long after you graduate. Some of these can even turn into full-time businesses if you want them to.
Real Estate Wholesaling
Real estate wholesaling is when a real estate investor pays you for finding discounted real estate opportunities. While you can wholesale any piece of real estate, it’s most commonly done with single family homes and through an assignment of contract. Many homeowners want to sell their properties without listing it on the market because their property is in disrepair, or their situation requires flexibility, or they want or need speed or convenience. Once you find one of these homeowners, you sign a purchase contract with them and then assign your position in the contract to a house buying company, like Snap Sell Homebuyers. Your wholesale fee is the spread between the contract price with the seller and the assignment price with the end buyer. The average wholesale fee is $13,000 and typically ranges from $5,000 to $20,000. Keep in mind, wholesaling is not brokering because you’re not representing the seller or the buyer and thus have no fiduciary duty to anyone in the transaction. In most markets, that means you don’t need a real estate license to wholesale.
Real estate wholesaling can be an excellent side hustle for college students because it doesn’t require a lot of money to start and can easily fit into a college student’s schedule. Additionally, many entrepreneurial college students are interested in real estate investing and wholesaling can pivot easily into investing once you’re ready to start actually buying properties. Wholesaling can be scaled beyond a side hustle and be turned into a full-time business. It teaches sales, local market research, and follow-up. These skills and the network you develop will compound in value regardless if you continue wholesaling or move into another business in the future.