Most people who want to create comfort and prosperity in their lives have a desire to maximize earnings. Especially often, such ambitions appear at a young age, when one is an enthusiastic student full of ideas. As we know, it is not easy to study well and have a full-day job at the same time, so usually, students do not have enough money.
In spite of this fact, purposeful people studying in universities never miss the opportunity to earn money. Those, who want to ensure a life worth living, make efforts to open their own business even under tough living conditions, and even if they need to combine work and studies.
There seems to be a growing understanding of the benefits of setting up a business among people across the world. According to Global Entrepreneurship Model entrepreneur’s statistics from 2018/2019, more than half of young people consider starting one’s own business as a good career move.
Where to Begin?
According to entrepreneurship data, quite not many business owners (3%) have a Master’s Degree or a Ph.D. in business. This is an important motivation for students, who are only just starting out and worry about not having the proper education to pull it through. Therefore, in order for the business-idea to prosper, it is very important to choose the right area to work in. After that, a business plan is created, which is an algorithm of actions, calculation of expenses, time planning. With correctly performed calculations, the probability of success is increased. The initial capital plays an important role in starting a business, but the team of like-minded people is not less important.
Business Ideas for Students with Minimal Investments
In fact, students can find many options for ready-made business plans. Each person chooses this or that idea in accordance with personal preferences. We will only tell you about the simplest and easiest business ideas for students to implement.
You may choose a few, make calculations and see if this is going to bring you money. Get ready to refuse an idea if the predictions are not good, even if you do like it very much.
A good thing about the ideas below is that you do not risk a lot, actually, because the main investment you put into it is your time, intelligence, and nerves, of course.
Content Selling
The content is all that we see, watch and listen to on the web. For a student, there are two possible areas of content selling.
- Writing academic papers and selling them on specialized exchanges
The first option is an excellent solution for students who study in the field of journalism, philology, foreign languages and so on. If you have the opportunity to work with large volumes of information, then this area is for you. We recommend visiting the site https://papercheap.co.uk/ to get an insight into writing good essays, business plans, research papers, etc. It is a good source of useful and interesting works, and examples of how the product should actually look like. Then, it will be easier for a student to write articles on different topics and sell them. You can arrange a little office of writers who will complete the orders for text writing or work as a broker and buy papers at papercheap.co.uk and sell them at a higher price to get a profit.
- Production of logos, banners, pictures, video, audio
This option is optimal for those who study in the field of architecture, computer design (either web or graphical), as well as major on other specialties with an artistic orientation. For them, earnings on creating logos, banners, videos, and pictures are suitable. You may work on yourself and develop your brand of a design studio, or you can cooperate with freelancers in customers’ orders accomplishment. Just make sure you control the quality, as it is of especial importance at the first steps.
Courier Delivery of Goods
According to IBISWorld the Global Courier and Delivery Services industry basically includes big courier companies and the local courier services, and those two spheres differ a lot in their operation. The big companies need to have a wide network of offices, as well as big storages and large trucks to transfer the cargo. The local courier companies are more focused on human resources, and they need not much space, but rather several people to perform services of food, documents, and any other stuff delivery. Surely, transport needs to be owned or rented for the purpose of the business, but just a truck or two will be enough for the start. The demand for each segment differs based on the services offered. The total revenue in 2019 was nearly $325bn.
So, we can say that this is a relatively inexpensive option to create a business. In order to get started, a young person just needs a phone and a computer. Delivery can be carried out both independently and by attracting third parties.
The target audience is online and offline stores, small organizations, and firms. Most often, they have a need for people who can deliver documents and heavy parcels. With the proper organization of the business, such an activity is very profitable. Your task is to search for customers. As for the couriers, it will be easier, since students are usually active and mobile, and enjoy flexible hourly schedule you can offer.
Beauty Business
All people know that beauty will always be in demand, same as the beauty businesses. That is why, it is a good idea for students to run such types of business as nail services, eyelash extensions, massage, etc. Among girls, beauty services are especially popular and always in trend, because almost every representative of the female gender wants to look irresistible and flawless. So, rent a good space, furnish it accordingly, invest in purchasing the necessary devices, search for the beauty masters, and finally, attract customers to your salon. You may start by advertising it in a dormitory, for example.
It will be good if you can work on yourself and know how it works. It takes a little time to complete the courses; moreover, it is not difficult. You are able to have a large number of clients, if you master hairdressing, learn how to grow eyelashes and perform eyebrow correction. The good skills in the beauty sphere are highly valued, so such a business will bring decent income.
The most important thing in this area is the responsibility and the desire to provide services of high quality. It is necessary to make sure masters are always updated with new trends and improve their qualifications.
IBISWorld claims that the beauty industry is highly saturated and, as a result, its success is highly dependent on the growth of population. Statistical research shows that the number of households increases, hence the demand for beauty services grows.
To sum up, we can say that business is an achievable goal for the student. Almost everyone can learn to combine studies with business. The main thing in any business, both large and small, is the ability to work hard and readiness to suffering losses at the beginning. Only persistent actions and practical implementation of knowledge bear fruits.
