Running a successful business enterprise is not a layman’s job, yet it cannot be impelled by factors like age or gender? A right attitude is what you need to make your mark in this world. If you are still in your college days, and can’t figure out how to start up, read on for ideas on some low-cost successful business ideas for students.
Many successful businessmen started their entrepreneurial journey right from their college days. There are start-ups, born out from out-of-the-box thinking and have revolutionized the world. Are you willing to start your own business with minimal investment?
If yes, here we have compiled a list of 9 successful business ideas for students that you can start in 2020!
1. WEB DESIGN AND DEVELOPMENT
For companies, making a strong online presence is extremely crucial for survival. Modern technology has shifted to paradigm from offline business to using apps and social media platforms to connect with potential customers. However, most of the companies do not have the time or resources to develop their websites in-house. Hence, as students turning into website designer and developer is a great business idea with minimal startup costs. You can start as a freelance web designer by creating interesting logo designs for doing complete website revamps. Advertise your work by communicating with professors and fellow students and gradually reach out to the larger community.
2. SOCIAL MEDIA MANAGEMENT
Social media management is one of the best business ideas for students. Established companies do not have the time to manage their business on social media platforms and hence are on a lookout for outsourcing the job for them. As a social media manager, you need to manage your client’s social media networks and implement strategies to boost sales. Follow other influencers in the same field to learn new techniques and your start-up will definitely skyrocket over the time.
3. CONTENT CREATION
The need for good content for businesses is ever increasing. There is always a growing demand for fresh content to promote products, create a brochure and build a customer base. College students can easily start their career as content creators without any investment. A good command over English and flair for writing is all that you need to turn into a money-making business. Hiring students on an ad-hoc basis for creating good content also turn out to be a feasible option for businesses as well.
4. ANIMATION AND VIDEO CREATION
Do you like to make short animated movies or videos? Thanks to YouTube and other social media video sites, this has become one of the most profitable business ideas for students. Digitalisation has heavily contributed to making animation and video creation business bigger and bigger. As college students, you can produce your own low-cost feature films or create advertisements for established brands. There is also a great potential for video marketing. Businesses are hiring video creators to create conspicuous videos for their products to get a competitive edge over their business rivals.
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5. CHILD CARETAKER
In the current scenario where both the partners share financial responsibility, the need for a good and trusted child caretaker is ever-increasing. All you need to do is take good care of the child until one of the parents return and get paid handsomely for it. Child caretaker is an ideal business idea for students seeking a part-time job. You just need to be patient to handle children tantrums and deal with them responsibly. There are also several babysitting training classes to give you a hang of it.
6. ONLINE COACHING SERVICE
In school, if you are a good student there’s always a favourite subject you never get tired of reading. Isn’t it a great idea to earn a few bucks by giving tuitions on a subject that you have mastered? Online coaching service turns out to be one of the lucrative business ideas for students that is equally satisfying. Since the coaching is online, you can give sessions at your service during the evenings or late nights. As there are no overheads, all the earnings that you make will be your profit.
7. JEWELLERY MAKER
Jewellery making is an ideal startup business for college students. You do not need to be a certified jeweller or make huge investments to pursue your career as a jewellery maker. Simply hone your creativity skills by watching online tutorials. Start your business with simple designs that are wearable and fashionable, made without using expensive metals like gold and silver. Promote your business from your campus and gradually you can start selling on the e-commerce platform.
8. EVENT PROMOTER
Are you leading your group in almost all social events at college? If yes, why not market your skills as an event promoter and capitalize on it. The need for professional experts in managing events, big or small, has grown exponentially. Event promoter is a sensible business idea for college students that can be started with moderate capital investment. Success is guaranteed in this enterprise if you have good negotiating skills, right contacts and impressive marketing techniques.
9. DELIVERY SERVICE
In today’s fast-paced world, delivery service turns out to great business ideas for students, especially. It is easiest to implement and requires minimal investment. Start your delivery service that caters to client various needs like drop or pick-up, doing grocery shopping or even getting food delivered at home. Professionals or elderly people are the ones who need this service desperately.
Start your website and keep the interface simple as people can easily order their desired service. Set up a margin, nearly 20% on the total costs and charge your clients at the time of delivery. Market your business through word-of-mouth or social media platforms, and get your revenues rolling!
There is no defined age for starting your entrepreneurial journey. Your graduate certificate is not the key to unlock your potential. Implement any of these business ideas for students that suit you best and make your dream come true. The seeds of your hard work and labour will take it’s time to make a haul. Be persistent in your efforts and you will be undeniably ahead of the game.
Starting your entrepreneurial journey has never been more easy, thanks to the new concept of shared or coworking spaces. Startups, young entrepreneurs or freelancers can now work conveniently in these new-age workstations without investing a big chunk of their money. Platforms like myHQ are turning everyday coffee shops into working zone for young entrepreneurs at nominal rental plans. All myHQ cafes are furnished with basic office necessities and have dedicated zones for myHQ members to let them work peacefully without any disturbance. Join the myHQ community and interact with interesting professionals, who share the same vision as yours!
Read on for more inspiration