How I make $1000 per month from college students

46 replies
I've learnt some pretty useful tips since joining WF and have decided to share how I make money online. I don't do affiliate marketing or CPA offers, but provide a service most college students need, which is an essay editing service.

Last year I was studying in Singapore and was constantly asked to proofread fellow student's assignments and this is where the idea spawned. Australia has a large number of international students studying at our universities so I saw this as the perfect opportunity to make some easy cash.

Firstly, I purchased a $14 HTML theme from themeforest and paid a computer science student $20 to make a custom PHP file upload form. Once the site design was completed, I hosted it and stuck flyers around campus and off-campus accommodation promoting my service, specifically targeting international students.

At first orders came in pretty slowly, maybe 1-2 every 2 weeks. The standard rate for a 2000 word essay is $80, which is $10 less than all of my local competitors. I also offered a 10% discount if people refer friends and provide a lifetime 25% discount on all orders if they use the service 3 times. For the past 9 months I have been averaging $980-$1200 per month.

I basically check their essay for spelling, grammar, syntax, structure, referencing, flow and run-on sentences. The standard turnaround time is 48 hours but I always strive to return the edited essay after 36 hours. I also provide a 24 hour turnaround time (for a higher fee) and an express option (12 hours) for nearly double the 48 hour rate.

I have 1 employee, a friend, who I pay 50% of the selling price to complete the actual editing. So effectively I make, on average, $40 per essay for doing nothing but putting up flyers and checking my email.

If you're a college student or know someone who is, this type of work can be quite lucrative. It takes me about 1.5 hours to edit a 2000 word essay, making my hourly wage over $40. However the major downside is that you only get orders during the semesters. Your income becomes $0 during the summer holidays (such as now in Australia). This also works for native English speaking article writers who wish to diversify their services/income.

Next year I hope to expand my business by promoting it to the 2 other universities in my city and hope to sell the business by the end of 2012.

I haven't seen many people providing this type of service to make an income online and if anyone has any questions about starting a service like this, feel free to ask and I'll do my best to answer.

How To Start Your Own Essay Editing Service

1 - Research your competition. Identify what services they provide and their prices.
2 - Decide how to differentiate yourself from your competitors (undercut them, provide different services, target a specific market, focus on local campuses etc)
3 - Design and host your site.
4 - Promote your service. I've found sticking pull-tab flyers around campus to be the most effective. If you're not allowed on college campuses, hire a student from craiglist to do it, making sure they take photos as evidence of work done. You can also do traditional online marketing such as article marketing etc. A competitor of mine provides a free report on how to write the perfect essay in return for the person's email address and sells that way (classic list building).
5 - Edit the essays yourself or hire someone to do it for you. 30% of the selling price is a reasonable amount to pay someone.
6 - Rinse and repeat.
#college #make #month #students
  • Profile picture of the author Dwight Anthony
    Thanks for sharing, proof reading sites can be very lucrative. Make sure you record your analytics and sales and you could flip it well one day.
    {{ DiscussionBoard.errors[2965768].message }}
  • Profile picture of the author scortillion
    Originally Posted by Scott Kennedy View Post

    I've learnt some pretty useful tips
    That's really cool. But, and I say this ONLY because you say you're proof reading but you never use learnt... it's always learn or learned never learnt.

    Hope that doesn't offend. Trust me after many composition classes I had that lesson beaten into me...
    Signature
    {{ DiscussionBoard.errors[2965795].message }}
    • Profile picture of the author Hoodyy
      Originally Posted by scortillion View Post

      That's really cool. But, and I say this ONLY because you say you're proof reading but you never use learnt... it's always learn or learned never learnt.

      Hope that doesn't offend. Trust me after many composition classes I had that lesson beaten into me...
      Learnt = simple past tense of learn.

      define:learnt - Google Search
      {{ DiscussionBoard.errors[2965815].message }}
    • Profile picture of the author Scott Kennedy
      Originally Posted by scortillion View Post

      That's really cool. But, and I say this ONLY because you say you're proof reading but you never use learnt... it's always learn or learned never learnt.

      Hope that doesn't offend. Trust me after many composition classes I had that lesson beaten into me...
      BBC Mundo | Questions about English

      One is more prevalent in the U.S, the other is more prevalent in countries that use the Queen's English. Either is correct.
      {{ DiscussionBoard.errors[2965860].message }}
  • Profile picture of the author redcell1
    Thanks for sharing, this idea had crossed my mind but sadly grammar,words and I do not flow well. <-- that last sentence is proof lol.
    Signature

    Just here to see the shenanigans.

    {{ DiscussionBoard.errors[2966096].message }}
  • Profile picture of the author The Copy Nazi
    Banned
    That's the way. Now scale it up. Target particular nationalities. If you want any help with your copywriting PM me and I'll happily look it over. You probably have a chance to do something really funky. And as it happens I have the very thing for you - a button to put on the page. All will be revealed soon.

    Go you good thing!

    p.s. shame about the cricket but at least we flogged the frogs in Rugby.

    BTW you may find this page by WF legend, Jack Duncan, very helpful when writing your offer - Place Your Title Here

    and while you're at it, compare that page to this crook-looking page from Aussie Trevor Crook - Trevor Crook's Magic Words Sell - A Potent Cocktail of Copywriting Success

    The hilarious thing is, he starts off by saying

    YOU Have Just 50 Milli-Seconds Before
    Any Visitor To YOUR Website Decides If They Will Stay Or Banish YOU To That Dung Heap In Cyberspace

    quite
    {{ DiscussionBoard.errors[2966346].message }}
  • Profile picture of the author Bicycle Cat
    Very clever thinking, makes me wonder why I didn't think of this earlier!
    {{ DiscussionBoard.errors[2966373].message }}
  • Profile picture of the author markowe
    Can I point out that that was 'have learnt/-ed' which is present perfect not past simple. But in any case most modern dictionaries admit of both possibilities for both p.t. and p.p., though I am a 'learned' man myself. Nice idea though, there's still not nearly enough done to connect the offline with the online world like that, masses of potential. I keep wanting to 'like' billboards or funny graffiti, but that's another story!
    Signature

    Who says you can't earn money as an eBay affiliate any more? My stats say otherwise

    {{ DiscussionBoard.errors[2966400].message }}
  • Profile picture of the author Hardik Jogi
    Hi,
    That's a good idea. I will definitely recommend to my Class mates in future.

    Thanks for sharing!
    {{ DiscussionBoard.errors[2966510].message }}
  • Profile picture of the author Jayzee
    Great Awesome technique! But this could only be for those bookworms, so first we have to find them and ask them for time lol
    {{ DiscussionBoard.errors[2966944].message }}
  • Profile picture of the author polrbearz
    Originally Posted by Scott Kennedy View Post

    I've learnt some pretty useful tips since joining WF and have decided to share how I make money online. I don't do affiliate marketing or CPA offers, but provide a service most college students need, which is an essay editing service.

    Last year I was studying in Singapore and was constantly asked to proofread fellow student's assignments and this is where the idea spawned. Australia has a large number of international students studying at our universities so I saw this as the perfect opportunity to make some easy cash.

    Firstly, I purchased a $14 HTML theme from themeforest and paid a computer science student $20 to make a custom PHP file upload form. Once the site design was completed, I hosted it and stuck flyers around campus and off-campus accommodation promoting my service, specifically targeting international students.

    At first orders came in pretty slowly, maybe 1-2 every 2 weeks. The standard rate for a 2000 word essay is $80, which is $10 less than all of my local competitors. I also offered a 10% discount if people refer friends and provide a lifetime 25% discount on all orders if they use the service 3 times. For the past 9 months I have been averaging $980-$1200 per month.

    I basically check their essay for spelling, grammar, syntax, structure, referencing, flow and run-on sentences. The standard turnaround time is 48 hours but I always strive to return the edited essay after 36 hours. I also provide a 24 hour turnaround time (for a higher fee) and an express option (12 hours) for nearly double the 48 hour rate.

    I have 1 employee, a friend, who I pay 50% of the selling price to complete the actual editing. So effectively I make, on average, $40 per essay for doing nothing but putting up flyers and checking my email.

    If you're a college student or know someone who is, this type of work can be quite lucrative. It takes me about 1.5 hours to edit a 2000 word essay, making my hourly wage over $40. However the major downside is that you only get orders during the semesters. Your income becomes $0 during the summer holidays (such as now in Australia). This also works for native English speaking article writers who wish to diversify their services/income.

    Next year I hope to expand my business by promoting it to the 2 other universities in my city and hope to sell the business by the end of 2012.

    I haven't seen many people providing this type of service to make an income online and if anyone has any questions about starting a service like this, feel free to ask and I'll do my best to answer.

    How To Start Your Own Essay Editing Service

    1 - Research your competition. Identify what services they provide and their prices.
    2 - Decide how to differentiate yourself from your competitors (undercut them, provide different services, target a specific market, focus on local campuses etc)
    3 - Design and host your site.
    4 - Promote your service. I've found sticking pull-tab flyers around campus to be the most effective. If you're not allowed on college campuses, hire a student from craiglist to do it, making sure they take photos as evidence of work done. You can also do traditional online marketing such as article marketing etc. A competitor of mine provides a free report on how to write the perfect essay in return for the person's email address and sells that way (classic list building).
    5 - Edit the essays yourself or hire someone to do it for you. 30% of the selling price is a reasonable amount to pay someone.
    6 - Rinse and repeat.
    Hi Scott:

    Thanks for your ideas. It might interest you to know that my first entrepeneurial work (apart from mowing lawns as a teen) was being a writing tutor in college. I put up a few flyers and had all the work I wanted. I didn't even consider subcontracting it at the time. For one thing, I see in retrospect that the tutoring angle was too open-ended (same problem with my subsequent resume service). You idea to focus the service on editing makes the service more concrete---and therefore on better ground both ethically and for subcontracting. I think that I could revisit this business and give it some scale.
    {{ DiscussionBoard.errors[3284713].message }}
    • Profile picture of the author Shadowflux
      Neat idea, great way to fill a need. Maybe you can scale up by hiring someone who speaks one of the foreign languages that your school teaches so they can proof read the language student's work as well.
      Signature
      Native Advertising Specialist
      Dangerously Effective
      Always Discreet
      {{ DiscussionBoard.errors[3284772].message }}
  • Profile picture of the author Myecodesk
    Wow! Great business idea! Very original
    Signature

    Find/Advertise spare desks on Myecodesk.com! Great way to make money & help the environment!

    {{ DiscussionBoard.errors[3284803].message }}
    • Profile picture of the author Donna Hamer
      What a fantastic post. It goes to show that you can create a business if you have enough initiative to "step out of your comfort zone" and try.

      My teenage son is always looking for ways to earn money - I will keep this idea in the back of my head for when he is Uni and suggest it might be a good business idea.

      Thanks for Sharing
      Donna
      {{ DiscussionBoard.errors[3284828].message }}
  • Profile picture of the author DPWeb
    Originally Posted by Scott Kennedy View Post

    I've learnt some pretty useful tips since joining WF and have decided to share how I make money online. I don't do affiliate marketing or CPA offers, but provide a service most college students need, which is an essay editing service.

    Last year I was studying in Singapore and was constantly asked to proofread fellow student's assignments and this is where the idea spawned. Australia has a large number of international students studying at our universities so I saw this as the perfect opportunity to make some easy cash.

    Firstly, I purchased a $14 HTML theme from themeforest and paid a computer science student $20 to make a custom PHP file upload form. Once the site design was completed, I hosted it and stuck flyers around campus and off-campus accommodation promoting my service, specifically targeting international students.

    At first orders came in pretty slowly, maybe 1-2 every 2 weeks. The standard rate for a 2000 word essay is $80, which is $10 less than all of my local competitors. I also offered a 10% discount if people refer friends and provide a lifetime 25% discount on all orders if they use the service 3 times. For the past 9 months I have been averaging $980-$1200 per month.

    I basically check their essay for spelling, grammar, syntax, structure, referencing, flow and run-on sentences. The standard turnaround time is 48 hours but I always strive to return the edited essay after 36 hours. I also provide a 24 hour turnaround time (for a higher fee) and an express option (12 hours) for nearly double the 48 hour rate.

    I have 1 employee, a friend, who I pay 50% of the selling price to complete the actual editing. So effectively I make, on average, $40 per essay for doing nothing but putting up flyers and checking my email.

    If you're a college student or know someone who is, this type of work can be quite lucrative. It takes me about 1.5 hours to edit a 2000 word essay, making my hourly wage over $40. However the major downside is that you only get orders during the semesters. Your income becomes $0 during the summer holidays (such as now in Australia). This also works for native English speaking article writers who wish to diversify their services/income.

    Next year I hope to expand my business by promoting it to the 2 other universities in my city and hope to sell the business by the end of 2012.

    I haven't seen many people providing this type of service to make an income online and if anyone has any questions about starting a service like this, feel free to ask and I'll do my best to answer.

    How To Start Your Own Essay Editing Service

    1 - Research your competition. Identify what services they provide and their prices.
    2 - Decide how to differentiate yourself from your competitors (undercut them, provide different services, target a specific market, focus on local campuses etc)
    3 - Design and host your site.
    4 - Promote your service. I've found sticking pull-tab flyers around campus to be the most effective. If you're not allowed on college campuses, hire a student from craiglist to do it, making sure they take photos as evidence of work done. You can also do traditional online marketing such as article marketing etc. A competitor of mine provides a free report on how to write the perfect essay in return for the person's email address and sells that way (classic list building).
    5 - Edit the essays yourself or hire someone to do it for you. 30% of the selling price is a reasonable amount to pay someone.
    6 - Rinse and repeat.
    Thank you so much for sharing this. You didn't have to write all that out and share it with the community but you did. That's why I gave you a thanks. If I could give you two I would. I live next to a 38,000 student undergraduate campus. There is a large portion of international students every year.

    If I implemented this strategy locally, I think I would have to hire people. Have you ever had a problem competing with the school's writing lab? The one nearby is really popular and provides free service upon request. The process is drawn out though. The service you are talking about is more third party editing, which is different than the one-on-one help the university provides.
    {{ DiscussionBoard.errors[3284879].message }}
    • Profile picture of the author Scott Kennedy
      Originally Posted by DPWeb View Post

      Thank you so much for sharing this. You didn't have to write all that out and share it with the community but you did. That's why I gave you a thanks. If I could give you two I would. I live next to a 38,000 student undergraduate campus. There is a large portion of international students every year.

      If I implemented this strategy locally, I think I would have to hire people. Have you ever had a problem competing with the school's writing lab? The one nearby is really popular and provides free service upon request. The process is drawn out though. The service you are talking about is more third party editing, which is different than the one-on-one help the university provides.
      My university runs a "Writing for Uni" seminar twice a year which mainly focuses on how to structure academic essays. There is no writing lab and nowhere for students to go if they wish to have their essays edited and checked.

      It really depends how busy you are. You might need to hire someone to hand out flyers etc but editing the actual essay doesn't take long at all. I guess you could contact an English major and hire them to stick flyers and edit the essays and pay them 50% of the sale price (arbitrary percentage).

      This line of business is easier for students to enter than it is for graduates.
      {{ DiscussionBoard.errors[3285240].message }}
      • Profile picture of the author paulie888
        Originally Posted by Scott Kennedy View Post

        My university runs a "Writing for Uni" seminar twice a year which mainly focuses on how to structure academic essays. There is no writing lab and nowhere for students to go if they wish to have their essays edited and checked.

        It really depends how busy you are. You might need to hire someone to hand out flyers etc but editing the actual essay doesn't take long at all. I guess you could contact an English major and hire them to stick flyers and edit the essays and pay them 50% of the sale price (arbitrary percentage).

        This line of business is easier for students to enter than it is for graduates.
        Scott, I think the key to scaling up your business is to outsource the marketing as much as possible, leaving you the maximum amount of time to work at the actual task that generates you income - proofreading!

        Paul
        Signature
        >>> Features Jason Fladlien, John S. Rhodes, Justin Brooke, Sean I. Mitchell, Reed Floren and Brad Gosse! <<<
        {{ DiscussionBoard.errors[3299351].message }}
  • Profile picture of the author markowe
    The tax man DOES know about this little line, right?

    Not everyone is cut out for proofreading and editing. It's not enough to be a native speaker, you have to really have a feel for your language and to be a little bit obsessed about proper grammar, spelling, style, syntax etc. If you want to really do a good job, that is.
    Signature

    Who says you can't earn money as an eBay affiliate any more? My stats say otherwise

    {{ DiscussionBoard.errors[3285258].message }}
    • Profile picture of the author Scott Kennedy
      Originally Posted by markowe View Post

      The tax man DOES know about this little line, right?

      Not everyone is cut out for proofreading and editing. It's not enough to be a native speaker, you have to really have a feel for your language and to be a little bit obsessed about proper grammar, spelling, style, syntax etc. If you want to really do a good job, that is.
      No. According to a partner at a prominent tax law firm here in my city (who just happened to be my Income Tax Law lecturer), this is considered a "hobby" where the primary concern is not of an enterprise nature. Therefore there was/is no need to acquire an ABN or register for GST.
      {{ DiscussionBoard.errors[3285320].message }}
      • Profile picture of the author markowe
        Originally Posted by Scott Kennedy View Post

        No. According to a partner at a prominent tax law firm here in my city (who just happened to be my Income Tax Law lecturer), this is considered a "hobby" where the primary concern is not of an enterprise nature. Therefore there was/is no need to acquire an ABN or register for GST.
        Whaaaat?! I would get a second opinion on that! I do not know of any country that considers earning a $1000 p.m. (AUD?) cash-in-hand a 'hobby'! Most countries have earning bands - you go over $10,000 p.a. or whatever and you start paying tax, end of story.

        I mean, I could say it's my hobby to earn a million a year! (well, I am working on that 'hobby'!) I don't do it for the money, just for fun! So you only pay tax if you hate your job, right? (I suppose that's most people come to think of it!)

        I mean, not that I care what you do, and I like your business model But you don't want to run afoul...
        Signature

        Who says you can't earn money as an eBay affiliate any more? My stats say otherwise

        {{ DiscussionBoard.errors[3285425].message }}
        • Profile picture of the author Scott Kennedy
          Originally Posted by markowe View Post

          Whaaaat?! I would get a second opinion on that! I do not know of any country that considers earning a $1000 p.m. (AUD?) cash-in-hand a 'hobby'! Most countries have earning bands - you go over $10,000 p.a. or whatever and you start paying tax, end of story.

          I mean, I could say it's my hobby to earn a million a year! (well, I am working on that 'hobby'!) I don't do it for the money, just for fun! So you only pay tax if you hate your job, right? (I suppose that's most people come to think of it!)

          I mean, not that I care what you do, and I like your business model But you don't want to run afoul...
          I understand your concern, but as my primary concern is not of an enterprise nature, I am not required to pay tax. Hell, I could get in trouble just for registering an ABN (Australian Business Number).
          {{ DiscussionBoard.errors[3293220].message }}
      • Profile picture of the author DreamMachine
        Originally Posted by Scott Kennedy View Post

        No. According to a partner at a prominent tax law firm here in my city (who just happened to be my Income Tax Law lecturer), this is considered a "hobby" where the primary concern is not of an enterprise nature. Therefore there was/is no need to acquire an ABN or register for GST.
        Talk to an accountant, not a lawyer, to get accounting advice. He may know all the theory, but it looks like he knows sweet FA when it comes to the real world.

        You may not have to register for GST, but you will still have to declare the income. Your business checks almost all the boxes for being a 'business' rather than a 'hobby'. I'd post a link, but can't, so search the ATO website.
        {{ DiscussionBoard.errors[3297169].message }}
        • Profile picture of the author DreamMachine
          Actually, I'm going to copy/paste the stuff here for you:

          There are a number of factors to consider when determining whether you are running a business or a hobby.
          • Does your activity have a significant commercial character? It's important to consider whether your activity is carried on for commercial reasons and in a commercially viable manner. Yes, you are actively posting advertisements to generate sales, charging people money, employing an 'employee' (your words)
          • Is there more than just an intention to engage in business? You need to have made a decision to commence business and have done something about it. If you are still setting up or preparing to go into business, you might not yet have commenced business.Yes, you are actively posting advertisements to generate sales, charging people money, employing an 'employee' (your words)
          • Do you have the purpose of profit as well as the prospect of profit? Do you intend to make a profit or genuinely believe that you will make a profit, even if you are unlikely to do so in the short term? Yes, you are making a profit and intend to expand to increase this profit
          • Is there repetition and regularity to your activity? Businesses usually repeat similar types of activities, although one-off transactions can constitute a business in some cases. Yes there is repetition
          • Is your business similar to other businesses in your industry? Is the way you operate consistent with industry norms or other businesses in your industry? Yes, although you are charging $10 less than the competition
          • What is the size, scale or permanency of your activity? Is the size or scale of your activity consistent with other businesses in your industry? Is it sufficient to allow you to make a sustainable profit? Yes, you are making a sustainable profit
          • Is your activity planned, organised and carried on in a business-like manner? This can be indicated by business records and books of account, a separate business bank account, business premises, licences or qualifications, and a registered business name. Unknown but probably not - although if you're even keeping a spreadsheet of sales that in itself can constitute business records
          I suspect your lecturer didn't realise the scale of your operation or misunderstood your question.
          {{ DiscussionBoard.errors[3297209].message }}
    • Profile picture of the author tedwood
      Originally Posted by Marianne Gonne View Post

      This is very true. And professional editors and proofreaders need to invest in the proper tools of the trade: The New Oxford Dictionary for Writers and Editors is the industry standard.

      Since reading this post several weeks ago, I can confirm there is definitely a market for Scott's suggestion. Thanks again, Scott, for such a generous share.
      Agreed, an extremely generous share at that. I will be trying this sometime in my four years at university. Thanks goes to you
      {{ DiscussionBoard.errors[3286696].message }}
  • Profile picture of the author johan_malmo
    Really good idea! Thanks, I think I'm going to try this out!
    {{ DiscussionBoard.errors[3285341].message }}
  • Profile picture of the author Kim Standerline
    What a clever idea Scott, looks like your on your way to your first million

    Kim
    {{ DiscussionBoard.errors[3285354].message }}
  • Profile picture of the author foulmouth
    Good job coming up with some fresh ideas. I really like this one!
    Signature
    Steal Your Life Back! - Helping Budding Entrepreneurs Navigate Their Way to a Solid Passive Income
    {{ DiscussionBoard.errors[3285363].message }}
  • Profile picture of the author jitterbug978
    Thats a pretty good idea actually, most college students are pretty desperate at times and often quite lazy! The perfect target audience!!!
    Signature
    Tired of purchasing Articles full of spelling and grammatical errors?
    American Article Writer || $.02 per Word || Well Researched - 100% Unique Articles
    All Articles will be delivered "Ready To Post"
    {{ DiscussionBoard.errors[3286834].message }}
  • Profile picture of the author PabloVTB
    Wow this is indeed a neat idea. This truly could be implemented. Great share, thanks a lot
    {{ DiscussionBoard.errors[3293272].message }}
  • Profile picture of the author TimG
    Scott,
    Since your initial post how much growth have you seen with your venture? You really could be on to something here and expansion outside of the university you service could be possible.

    Respectfully,
    Tim
    Signature
    Article Marketing Soldiers - The Best Selling Article Marketing Product On The Warrior Forum Is Now Looking For Affiliates! Make Over $25 Per Sale With This High Converting Product.

    Make More Money And Spend More Time With Your Family By Becoming A Scentsy Consultant - I Provide Personal Assistance And Help With Growing Your Business.
    {{ DiscussionBoard.errors[3294003].message }}
    • Profile picture of the author Scott Kennedy
      Originally Posted by TimG View Post

      Scott,
      Since your initial post how much growth have you seen with your venture? You really could be on to something here and expansion outside of the university you service could be possible.

      Respectfully,
      Tim
      Hey Tim,

      The original post was made during the summer holidays here in Aus so business has been extremely slow (nothing for December, only 1 sale for Jan). However since the inception of the business, it's gone from $40 per month to averaging around $1000 during the semester.

      Starting on 28/2 I will be promoting my service in 2 other state universities.


      Originally Posted by DreamMachine View Post

      Talk to an accountant, not a lawyer, to get accounting advice. He may know all the theory, but it looks like he knows sweet FA when it comes to the real world.

      You may not have to register for GST, but you will still have to declare the income. Your business checks almost all the boxes for being a 'business' rather than a 'hobby'. I'd post a link, but can't, so search the ATO website.
      Hey, I understand your concern but as previously stated my lecturer (who is also a founding partner at a major tax law firm here in my city) advised me otherwise. I'm not due to meet him until June this year and will probably go over it with him then. However, I am confident with the advice he gave me. There are case law precedents that somewhat "overrule", for a lack of a better word, certain parts of the legislature. Hence the recent comments from the High Court Justice.
      {{ DiscussionBoard.errors[3299133].message }}
  • Profile picture of the author Maddi
    Nice. Goes to show with a little ingenuity, passion for Entrepreneurship and a positive attitude, money can be made in all sorts of places.

    Congratulations mate. Don't underestimate what you've got there and definitely look into scaling it up. May be advertise more, hire more people, get more leads and make it a proper side business?

    Best Wishes,
    Maddi Murtaza
    {{ DiscussionBoard.errors[3295105].message }}
    • Profile picture of the author dave stahly
      What do college kids do most of the time? Facebook!
      Create a facebook fanpage.......

      dave in indy
      {{ DiscussionBoard.errors[3296260].message }}
      • Profile picture of the author polrbearz
        Dave:

        I've been hearing for about 2 years that college students are big into Facebook. Frankly, I still need to do some plain-vanilla investigation into this myself by spending time there. I've avoided it for some reason up 'till now.

        The really interesting thing to me is that apart from the obvious college-related activities---buying textbooks, applying to grad school, stc--college students don't "define" themselves primarily as such online. That's why even now mTV is considered a prime avenue to college age people. So you find them through age and interests. I've had quite a bit of experience with all of this and it never ceases to interest me.
        {{ DiscussionBoard.errors[3296871].message }}
        • Profile picture of the author jglopez
          Wow this is great! Unfortunately, where I come from, the students are cheapskates (used to be one myself) and would rather have grammatical errors/poorly written sentences rather than shell out a significant amount of money ($80 can serve as a student's allowance for 3 weeks!)
          Signature
          I'm a Professional Writer. I also do high-quality spins. I won't stop until you get the quality that you deserve. PM me or Email me at juliusglopez@gmail.com for samples of my work or for orders. I look forward to long-term business relationships with you.
          {{ DiscussionBoard.errors[3297091].message }}
  • Profile picture of the author Amit_articles
    Thanks for the post..Really a good one..
    {{ DiscussionBoard.errors[3297223].message }}
    • Profile picture of the author polrbearz
      Agreed, Amit. Dream Machine certainly showed up at the right place at the right time ---potentially helping the OP and others on this thread avoid a costly mistake

      We need a better "sprinkling" of these more definitive-type legal or policy-related posts to help us clear up nagging questions. I don't know about you guys---but I for one as a "newbie" find myself delaying some of most ambitious plans because of uncertainty over some items like this. This list includes things like: rules governing contests, if and how we as potential vendors are identified in payment processing methods, etc.

      I need to do more searches on WF---I'm sure more of these questions have been answered somewhere than I realize.
      {{ DiscussionBoard.errors[3297306].message }}
  • Profile picture of the author finleyjohn90
    Banned
    [DELETED]
    {{ DiscussionBoard.errors[3299090].message }}
  • Profile picture of the author Joelawrence22
    [DELETED]
    {{ DiscussionBoard.errors[3299236].message }}
  • Profile picture of the author Diane S
    Originally Posted by Scott Kennedy View Post


    I have 1 employee, a friend, who I pay 50% of the selling price to complete the actual editing. So effectively I make, on average, $40 per essay for doing nothing but putting up flyers and checking my email.

    If you're a college student or know someone who is, this type of work can be quite lucrative.
    If I have no friends who want to do editing, what is the best way to find such a person? Does outsourcing everything to college students seem realistic? I mean if I want to create the website and then have the website generate income for me, I would hire students to post flyers and also hire students to do the proofreading? Maybe I am missing something here, but what is to stop any of the students I hire from re-creating the entire business, undercutting me, and starting a downward spiral of income?

    Although I have the ability to do the editing myself, it is not something I am interested in doing. Do you have any problems with the quality control on your friend's writing?

    Thanks for this very detailed account of your business. I am perplexed about the selling of it, however. Why would you sell a system that makes you money? Does it not make enough money to keep doing it over the long haul?

    And why do this only locally? Do you have your phone number on your flyer? It seems if students were contacting you through your website you could be providing this service- via outsourcing - in any city in the world that has a population of international college students.
    Signature
    KimW still needs our help DONATE DIRECTLY
    My First Kindle Book: Ten Days in the Land of Smile
    {{ DiscussionBoard.errors[3299314].message }}
    • Profile picture of the author markowe
      Originally Posted by Diane S View Post

      If I have no friends who want to do editing, what is the best way to find such a person? Does outsourcing everything to college students seem realistic? I mean if I want to create the website and then have the website generate income for me, I would hire students to post flyers and also hire students to do the proofreading? Maybe I am missing something here, but what is to stop any of the students I hire from re-creating the entire business, undercutting me, and starting a downward spiral of income?
      If I can jump in here, most people just don't have the entrepreneurial wherewithal to start their own business. They are happy to take the pay from an employer and do the work. You could say that for any business - why don't MacDonald's employees rebel and start their own hamburger business..!

      Although I have the ability to do the editing myself, it is not something I am interested in doing. Do you have any problems with the quality control on your friend's writing?
      A lot of my translation business is outsourced but personally I check EVERYTHING before it goes back to the customer. Now that's not a true 'autopilot' business but it makes good sense and is still a lot less work than doing it all yourself. The other solution is basically to find someone whose work you really trust in to work as the 'super-editor' and ensure quality. You have to find quality people at some point in any business.

      The rest of your questions, I would be very interested to hear the answer from the OP!
      Signature

      Who says you can't earn money as an eBay affiliate any more? My stats say otherwise

      {{ DiscussionBoard.errors[3299418].message }}
    • Profile picture of the author Scott Kennedy
      Originally Posted by Diane S View Post

      If I have no friends who want to do editing, what is the best way to find such a person? Does outsourcing everything to college students seem realistic? I mean if I want to create the website and then have the website generate income for me, I would hire students to post flyers and also hire students to do the proofreading? Maybe I am missing something here, but what is to stop any of the students I hire from re-creating the entire business, undercutting me, and starting a downward spiral of income?

      Although I have the ability to do the editing myself, it is not something I am interested in doing. Do you have any problems with the quality control on your friend's writing?

      Thanks for this very detailed account of your business. I am perplexed about the selling of it, however. Why would you sell a system that makes you money? Does it not make enough money to keep doing it over the long haul?

      And why do this only locally? Do you have your phone number on your flyer? It seems if students were contacting you through your website you could be providing this service- via outsourcing - in any city in the world that has a population of international college students.
      If you're in the states, then the easiest way to outsource would be to use either Craigslist or contact the university directly and see if they have a careers service. There is nothing to stop the students from starting their own service and undercutting you. However, there nothing stopping any other employee from undercutting their boss and starting their own business. College kids are lazy, I doubt they could be bothered with setting up an entity and doing the monthly bookkeeping (assuming it has to be done per U.S law).

      My friend is a Masters graduate and enjoys writing. I have zero quality control issues. He's the strongest academic writer I know and doesn't want to work a minimum wage job while trying to find a career job. Therefore I know he puts the time and effort into it.

      It makes a little over $9,000 a year. Not a lot, but enough. I want to sell it after 2012 as that's when I'll finish my Honours and will go abroad to complete a PhD. Thus I will need a fair amount of savings to relocate. Once I'm abroad I can start it up again there.

      I do this locally as it's just easier for me. I'm a college student also and don't have time to be running a large scale operation. I could outsource everything, but then I would have to manage it and it would be a pain regarding tax and accounting.
      {{ DiscussionBoard.errors[3299443].message }}
      • Profile picture of the author Brandon Tanner
        Nice job Scott! I like your thinking.

        You mentioned this...

        "I also offered a 10% discount if people refer friends..."

        But if you really want to ramp this up, why not create a full-blown affiliate program for your service?

        Put up an affiliate page on your site, offer 25% commission for all referrals (via Paypal or whatever), and then let all of your customers know about it. Students like quick $$$.

        When it's starts to grow, outsource as much as you need to.

        You've got a great idea that's obviously working. Now ramp that sucker up!
        Signature

        {{ DiscussionBoard.errors[3299685].message }}
  • Profile picture of the author Kupujem
    An interesting method of making money.
    {{ DiscussionBoard.errors[3299361].message }}

Trending Topics