lucrative Skills To Acquire as an Undergraduate: As a student who is enthusiastic about personal finance, you probably already understand the importance of having lucrative skills, as they can fetch you money and help build finance as an undergraduate. However, your pursuit should also be driven by the keyword “Lucrative”, as not all skills can fetch you money as an undergraduate on campus, and some of them can serve you both as an undergraduate and a graduate.
If you must make money as an undergraduate in the university, then you must learn about skills that can make you money while you are still in school. There are many of them, however, I have streamlined the options to a list of such skills.
This article explores the most lucrative skills for undergraduates to acquire:
1. Hairstyling – (barbing and hairdressing):
This in-demand profession offers flexibility, creative expression, and financial rewards, making it an attractive option for undergraduates.
Many people go to barbing and hairdressing saloons often to barb or make their hair, because, everybody loves to look good and pays a good amount for the services. For instance, most ladies invest heavily in their looks on campus (especially those who render special services to senior citizens). Most males barb their hair twice to three times a month, paying awesomely for each of the services rendered.
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If you learn this skill before going to university, you will be earning steadily every weekend when you finally become an Undergraduate. Interestingly, hairstyling isn’t too difficult to learn. You can learn the basic knowledge within one year.
In addition, Hairstyling offers undergraduates a flexible, creative, and financially rewarding career path, with high demand for hair care services and potential earnings of ₦5,000 to ₦20,000 per client. Also, average salaries of ₦50,000 to ₦1,000,000 per month, makes hairstyling an attractive option for students seeking to supplement their income and build a successful career.
2. Writing:
Writing is a fundamental skill that employers value in candidates. Regardless of the field you’re in, the ability to write well is an asset. There are a variety of different types of writing skills you may want to consider learning, depending on your industry. Some of these writing include content writing, creative writing, GIG writing, Ghostwriting, freelance writing, and script writing to name a few. Now, let’s take a closer look at some of them.
Freelance writers are hired to write content for various clients. You may ghostwrite blogs or books for an individual, generate copy for a corporate website, or construct grant proposals for an institution. Every freelance writing job has a unique objective, and your job is to communicate with your client effectively and discern how best to meet that objective in a timely, creative, and accurate manner. Salary range: $42,500-$54,500 per year.
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A script writer writes a script for a movie, television show, commercial, play, or broadcast. Specific job duties vary depending upon the project but often involve developing the story idea, creating an outline, generating dialogue, separating the script into acts, and working on character development. Some writers adapt a previous work into a new medium, like a book into a film. Other writers create a script from scratch. Salary range: $40,500-$73,000 per year.
Content writing is a skill that is in high demand in today’s digital age. With the rise of online businesses and blogs, there’s a constant need for quality written content. As a skilled content writer, you can offer your services as a freelance writer and earn money writing articles, blog posts, or even eBooks. Salary range: NGN 60K – NGN 270K/monthly.
A ghostwriter is an unnamed author who writes material for someone else, usually a client or employer. In this career, you work for hire and take no credit for the work you create, allowing another author to produce the story for a fee instead. You can create various types of materials, from advertising or business copy to book manuscripts and website or other professional copy.
Employers often hire ghostwriters as on-staff writers or pay freelance writers to complete one project at a time as needed. Some are also hired by book authors to write over a given time period. Typically, the goal is to produce writing in the voice of a public figure, but established authors of prolific series sometimes hire ghostwriters to help them push out a high volume of work. Salary range: $52,500-$57,500 per year.
3. Baking / Catering:
As an Undergraduate, If you learn how to bake a cake, make chin-chin, meat pie, fish rolls, etc, you could be earning a small but steady income to sustain you during and after school. But if you are very good at those, why not, you could work for big eateries and hotels that are willing to pay for your services.
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This business can be tedious, however, the profits can surmount the level of work you need to put in. You could generate a moderate income that can sustain you. You could bake for your friends during their parties, and if your work is good, they could recommend you to their family and friends during their weddings and big ceremonies. You can also bake chin-chin and pies to supply supermarkets, stores, and school canteens on a daily basis.
Potential Earnings:
• Custom cakes: N5,000 – N50,000 per order.
• Daily supplies to supermarkets/stores: N5,000 – N20,000
• Event baking (weddings, parties): N20,000 – N100,000
4. Cobbler/ Bag Maker:
Making footwear and bags can be very profitable. Africans love wearing matching outfits, some fashionistas could design/create footwear to match with your outfit using your clothing material. You could learn this skill while in school and be making shoes and bags for your fellow students and friends. If you are creative and have an interest in designing shoes and bags, you should consider acquiring this skill.
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One of the most appealing aspects of shoe and bag making is the potential for high profit margins which range from N10,000 to N200,000 and even beyond. The materials used in these crafts, such as leather, fabric, and hardware, are often relatively inexpensive, allowing artisans to create high-quality products that can be sold at premium prices. This profit potential is further enhanced by the growing popularity of custom orders, as clients seek unique and personalized items that reflect their style.
Make a decision today to acquire the topmost lucrative skills as an Undergraduate to be financially free. These skills are not an exhaustive list of lucrative skills an undergraduate can leverage. But, they’re carefully selected with their monetary value and other accrued benefits in mind.
There you have it – a comprehensive list of lucrative skills to acquire as an undergraduate. These may not be all the skills, but they will surely go far in your quest to attain personal finance.