There are many business ideas for students to make good money while they are still school. Are you a student running low on cash and needs the inspiration to build financial stability https://www.thesimpledollar.com/financial-wellness/finding-inspiration-for-financial-success/? We will provide you with a list of low-investment but highly profitable small business ideas for students. Starting your business as a student and working to earn some extra money will go a long way to make your life comfortable and stable.
You should not be reluctant to start any small scale business for students. There are lucrative businesses a student can do and this post will help explore them for you to see. Here, you will get to see business ideas for students with low investment.
Most of the big businesses and companies started small and most were started by students while still in the University. People like Mark Zuckerberg, Bill Gates, Sergey Brin, and Larry Page all started their companies while still in school.
There are many small scale businesses for students that can fetch you money as a student and you need to start exploring these options. You might not be making enough money at the initial stage but the business will guarantee a steady income for you.
How To Identify These Small Business Ideas For Students
- Before you settle for any business, do some research to find out what people need. Expand your thinking to everyday obstacle and how to overcome these obstacles. You can start with a Google search.
- If you have the capacity to provide something that can make life easier, better, and safer; what would it be?
- As a student, think about business ventures that you can seamlessly engage in while performing your tasks as a student.
- What is that thing that you really love doing? Perhaps you should start with that.
10 Small Business Ideas For Students
Here are some of the profitable and lucrative business ideas for students to start within the college.
- Make money off social media
In this 21st century, there is virtually no student who doesn’t have a Facebook, Twitter, Instagram, or YouTube account. You shouldn’t just be there to make friends and discuss with people on frivolities. What is preventing you from monetizing your social media accounts by advertising products for brands?
As a blogger, try to identify the companies that are relevant to your niche so that you can help them advertise on your page. Also, social media influencers can promote all kinds of products.
- Create your own website
As a student, you can set up your own website on any niche of your choice. However, you should identify the niche that people are more susceptible to patronize. All you have to do is select a topic that you are passionate about and start blogging about it. With the different ways to monetize your website, you can start earning good money in no time.
You must ensure that you provide your readers with rich and valuable content that will make them want to always anticipate your next post on your site.
- You can become a YouTuber
There is some serious money to be on this platform and you can also partake in it as well. Aside from the ads that YouTube places on their videos, you can also make good money from sponsored content. The requirement here is that you must have a successful channel that will have lots of viewers.
You must not be up to the level of the titans in the space before you start to earn from your channel. Simply start and ensure you are consistent with what you are doing and ensure it is of quality. Nobody will like to spend his/her time and data on things that are not worth it. This is one of the small business ideas for students that won’t jeopardize the time for your studies.
- Resell textbooks
This is one of the business ideas for students with low investment. At the end of every semester, you can offer to buy textbooks from your classmates or other departments. Chances are that they will settle for a fairly cheap price. You can then sell these books to the incoming students at a good profit.
You should sell at a price lower than a new copy but higher than the amount you bought it. This is simple supply and demand, so prepare to make money off it in the coming semester.
- Sell clothes to your fellow students
While in school, I know lots of students who will go to the big markets around to buy clothes and under wears at a cheap and then sell them to students. You will see these students going from one dorm to another, especially on weekends. It will surprise you at the amount of money these people make at the end of the day.
You can start with just a number of clothes and then build your customer base. If you need extra money in your pocket, then this is a good way to start building your clothing business.
- You can start a delivery service
This might be a little capital intensive but it is worth it if you have the financial capacity to pull it through. If you have got a bike or your private car, then it will be a lot easier to run this particular business. Evening and weekends are the perfect and ideal time to deliver your products and services so as not to clash with our student role.
In as much as you are into this business, ensure that your education doesn’t suffer, at least to a certain level.
- Become a photographer
I have a classmate who started off with photography and today, she has become renowned in that field. Right there in school, there are lots of activities that need to be covered by photographers. One good thing about this is that once you have been identified to offer such services, students will always prefer one of their own.
All it takes is a good camera and a good knowledge of the job requirements. As a smart student, this wouldn’t be much of an issue for you.
Today, there are lots of freelancing platforms where people offer different services online and get paid. Platforms like Fiverr, Upwork, Freelancer, etc provide the avenue for such services. If you are good at writing eBooks, proposals, CVs, and what have you, just create your account on these platforms and start delivering services for a good price.
The good thing here is that it will hardly hinder your day to day activities.
- Deliver courses online
Do you fancy yourself to have what it takes to teach people online, then get on with it and do not let that drive go to waste. At the comfort of your home or dorm, you can teach people different things online ranging from academics, delicacies, etc. Simply identify your niche and build on that.
- Start a tutoring service
You can start as a tutor for school students in whichever subject you are studying at the university. It is also important that you don’t limit yourself. Try to incorporate other like minded people who can teach other required subjects aside from your area of expertise.
These small business ideas for students are essential if you need to earn an income while you are still in school. Gone are the days when you only go to school depending on people to sponsor your education. You can start a side business that will augment your finances and make your life financially stable. You can also read further on How to Turn Your Hobby Into a Legitimate Business