How Can Students Earn While They Learn?

 

Importance Of Money for Students

Money is a requirement for students. It can be used to buy food, clothes, and even books. Therefore, financial planning is very important for students for various reasons. It is important because it will help them to get a better understanding of their finances and how to manage their money. It also helps them to make better decisions in the future and helps them become more responsible with their money. Students should start thinking about financial planning as soon as they start attending college or university, this way they will be able to prepare themselves for the future and have a better life after graduation.

There are many ways students can make some extra cash to support their expenses, but one of the best ways is to leverage their existing knowledge.

What Are Reward Based Tests?

Reward-based tests are a type of assessment that is designed to motivate students. This type of assessment uses incentives and rewards to encourage students to complete the test in as short amount of time as possible. Rewards can be anything from stickers, pencils, candy, or other items. These types of assessments have been shown to increase motivation and engagement in the classroom by making the test seem more like a game than an assignment. Gamification is a process of adding game features to something that is not considered a game. The goal of gamification is to increase engagement with content and make it more fun. Many educational institutions are using gamification in their courses, as well as other aspects of the learning environment, such as assignments, grading, and feedback. Gamifying education can also be used to encourage students to learn new skills or acquire knowledge that they otherwise might not want or need.

Reward based tests are a novel way for bright students to earn money while preparing / practicing for exams. New platforms (such as www.edulete.in) provide students a means to showcase their knowledge in tests / quizzes (for IIT JEE, NEET, SSC, CAT, CBSE etc.) and earn rewards (books, scholarships, cash, gift cards etc.) based on their ranks / performance.

How Much Money Can You Make Giving Reward Based Tests?

While there is no limit to the amount students can make in reward-based tests, typically platforms such as Edulete are known to disburse upwards of INR 70,000 ($1000) per day to students as rewards daily!

A realistic measure for bright students is to win upwards of INR 1000-1500 per day (if they have a strong grasp of the concepts being asked in the tests)

What Can You Do to Win More?

Here are a few tips which students can follow to win more rewards

- Prepare hard and have a strong grasp of the concepts being asked in the tests

- Be consistent and keep giving the tests (most of the tests on reward-based platforms have high reward coverage, so almost everybody wins!)

- Start picking other topics / general topics which (IQ, Trivia, History) to increase the number of tests you are giving (the more tests you give, the higher amounts you win!)

- Analyze the tests daily to understand your areas of weakness and keep a strong eye on the level of competition (people competing with you on the tests will determine your rank as well as your rewards)

How Much Time Does It Take for The Rewards to Be Reflected in My Bank?

Platforms such as Edulete disburse rewards almost instantaneously (there are cases where withdrawals may take up to 24 hours). They enable withdrawal into UPI / bank account and require a simple KYC on the platform itself (the process takes less than a minute)

Can Rewards Actually Help You Learn Better?

Rewards are often used to motivate people to do more work, and it seems that rewards might be able to help with the process of learning. In a study, children were given a reward for getting an answer right on a test. The children who were rewarded did better on the test than those who weren’t. This is because rewards can help you focus on what you need to do to succeed.

Incentive-driven learning is a type of learning that relies on rewards to motivate students to stay engaged in the learning process. The rewards can be tangible, such as money, or intangible, such as praise. This type of learning is popular because it encourages students to work hard and do their best. It also makes the process more fun for them.

What Are Some Other Ways for Students to Make Money Online?

There are many ways for students to make money online. Some of the most popular methods are discussed below:

-Become a freelance writer: Freelance writing is one of the most popular jobs for students. This is because it doesn't require any specialization or formal qualifications. All you need to do is have the skills and knowledge to write well. You can find freelance writing jobs in many different fields from finance and marketing to IT and education.

-Sell items on eBay: If you have some old clothes, books or other items lying around your house that you no longer want, why not sell them on eBay? You can also buy items cheaply from charity shops or car boot sales and then sell them for a profit on eBay. The great thing about this method is that it

- Start a blog: Spend your free time writing content related to areas / topics which interest you. As you gain a user base of people who relate to your thoughts you can monetize the traffic being generated on your blog through ads, promotions and affiliate marketing to make much more money. This stream of income can be sustained and long term (as your content will always exist on the web)