Earning extra income is an important part of repaying student loans early. If your main job covers all of your housing costs and other living expenses, then any other money you earn can be completely devoted to student debt. This website has previously discussed some side-hustles that student debt borrowers can work to earn extra money so additional cash can be used to repay debt. For a variety of reasons, Textbroker can help with student loans, since the platform allows users to earn income that can be devoted to student debt.
I only recently discovered how Textroker can help with student loans. Textbroker is an online platform that connects authors with individuals and companies that are looking for a writer to draft written content. Textbroker charges the client a certain percentage in addition to the amount the author makes to earn money from the exchange.
Textbroker can help with student loans only after an author has properly signed up for the website. Prospective authors need to submit a short application, which includes background information, personal information, hobbies, languages spoken, and other details. People applying to be authors also need to submit tax forms so that they can be properly paid when they earn money through the platform.
As part of the application process, prospective authors need to submit a sample piece of writing in response to a specific task. It is important to take your time when submitting this sample. Such submissions are graded by Textbroker, and this rating can impact the opportunities you can pursue on the website. Textbroker will rate your work between one and five stars, with five stars being the highest quality.
Once you receive your initial rating, you can start searching for projects on the platform. Clients get to choose which authors they wish to make their projects available to, so you will have more opportunities available to you if you are rated five stars than if you are rated two stars. Some of the lower-rated projects involve web searches and writing a brief explanation of what you see on a webpage. Even though the project may seem short and simple, it is still important to put all of your effort into the tasks, since the ratings for such tasks could influence future opportunities on the website.
Once your first five writings are accepted, Textbroker will temporarily freeze your account and you will be unable to accept new orders for a while. During this time, Textbroker evaluates your writing and sees if it is a good fit for the platform. Textbroker will also then assign you a new rating based on more content than when the first rating was provided.
There are a few ways Textbroker can help with student loans through making money while selling your content. The main way that authors obtain work on the website is through the general list of orders available for completion. However, it is possible for clients to directly hire authors for their work. For such direct orders, authors can set the amount of money they wish to charge per word. In order to increase the likelihood of receiving such direct orders, it is important that authors improve their profiles with as much content as possible so that clients can get to know the authors they retain.
In many ways, Textbroker can help with student loans in the same way as Amazon Mechanical Turk can help with student debt. Some writing assignments are relatively short and can be completed relatively quickly. For instance, a project that only requires authors to write a few hundred words should take far less than an hour, and this involves about the same amount of effort as some of the “HITs” available on Amazon Mechanical Turk.
However, it is far easier to make money on Textbroker with some of the larger projects. Completing one project that requires a few thousand words is far easier to finish than completing multiple projects that require the author to write a few hundred words each. It is much easier to do wholesale versus retail work, since the author does not need to do separate research or come up with separate ideas to write different pieces.
However, completing longer and more lucrative projects is usually only available after the author has engaged with Textbroker for some time. This is because larger projects typically result from direct orders that are initiated between clients and specific authors. Moreover, longer orders are often offered to higher-rated authors, since such authors are presumably better at writing and are more worth the investment of a longer project. Working on Textbroker can sometimes be frustrating, since the vast majority of projects are shorter tasks that are worth relatively low sums of money. However, if authors stick with the platform and perform good work on all of their projects, they will have more lucrative opportunities in the future.
All told, as someone who writes for three blogs, I understand from firsthand experience that writing is not for everyone. Indeed, writing for money requires a unique set of skills, and not everyone has the patience and skillset needed to exceed at making money through Textbroker. Nevertheless, Textbroker can help with student loans if you have the patience and skills needed to write quality content for each project and properly engage with the platform.