Many students think of starting a business while in college–and many actually do it! Some student entrepreneurs venture into business to finance their lifestyles, while others hope to create the next Facebook or Google.
There are lots of opportunities available to college students, you just need to know where to look. But before you start looking for opportunities to leverage, make sure you have a great business idea. Can’t think of something? Here are 5 great businesses you can start right away.
- Online Tutoring
Online tutoring is a cost-effective venture that doesn’t require any capital to start. You can make good money tutoring other students or young learners. Pick a subject you’re good at and won’t struggle to explain. Since you’ll be offering your services online, you can have individual or group sessions.
Post your fliers in libraries or places where your fellow students or parents can see them. You can also advertise your services on social media platforms where students and parents hang out. Offer a small discount to those who bring you new tutees or market your services by word-of-mouth. This business won’t make you millions but will earn you some decent money. And the best part? Every coin you make is a profit.
- Niche Blogging
Niche blogging is a lucrative venture that gives you a lot of freedom–because you don’t have to blog every day. You write about things you’re passionate about whenever you want. You’ll need a little money to pay for a domain, hosting, and a premium website theme. Good English and a flair for writing are also necessary.
Research profitable niches to ensure you choose the right one. But don’t just blog for the sake of making money, make sure the niche genuinely interests you. Write superb blog posts that draw traffic. Once you build a good readership, start monetizing your content.
- Textbook Exchange Services
A textbook exchange service can help you make some good money in college. First, you’ll need to create a website or an app that allows students to upload books for others to rent or buy.
Your only challenge may be getting some in-demand textbooks. You may have to buy them. If you don’t have the money, you can apply for a small bank loan or get an online loan by typing “title loans near me.” Stock enough textbooks at the start of every semester when demand is high. You can also talk to your professors to find out which textbooks are in demand.
Love taking photographs? Turn your passion into profit by launching a photography business. Take amazing pictures of nature, people, or things and post them on social media sites like Instagram. You can also take pictures of your friends for free to market your services.
As your following grows, let people know you’re available for hire. To improve your photography skills, you can take a short course. Talk to event and wedding planners and show them your portfolio. You’ll start getting work and will become an acclaimed photographer.
- Transportation and Delivery Services
If you own a vehicle or a bike, you can make good money delivering food and other small items to your professors and fellow students. You can also become an Uber driver or start your own outfit offering delivery services to local businesses and colleges.
As your clientele grows, add more services. Start picking and dropping people at the airport or help other students move apartments or dorms at a fee. The fee you charge should cater for business-related expenses and also allow you to make a small profit.