University students have limited funds, and most depend on their parents for basic living expenses. However, this doesn’t mean you have to be broke while in University.
There are are many internet businesses and startups you can begin at university and grow and allow you to earn a decent income while your studying.
The beauty of most of these businesses is they’re online, meaning you only need to have a fast broadband deal, a laptop/computer and your brain. Now to business! Check out the list below to get some inspiration and ideas in terms of what student business ideas you could start and use to earn a decent return while at University.
1. Homecare and cleaning services
While people are getting insanely busy these days, it is becoming extremely difficult for them to keep their homes clean. Even so, no one wants to be caught dead in a messy house, because it creates a negative perception of one being an unclean and disorderly person.
Therefore, people are willing to pay a few bucks to have their homes cleaned for them, and if you are skilled in-house cleaning, you might want to get in on this business. The going hourly rates for professional house cleaning service range from £15-£50, which can translate to good earnings if you have a long client list.
2. eCommerce web store owner
Nowadays, you don’t have to be a producer to own an eCommerce store. You can earn good money by just flipping trending products for profits online. The deal here is to understand the direction of a trend and be able to deliver quality products that people will buy.
Once you have identified the product to sell on your eCommerce platform, you can find producers who have options for drop shipping and have the commodity shipped directly to your clients. This way, you will not have to come into contact with the products nor even meet up with the clients, because orders are placed online and filled on the same platform.
3. Affiliate marketing
Having a website that enjoys a massive following has never been as valuable as it is right now, especially if you are the kind that loves to review products online on sites like Amazon.
Instead of doing it for free and living broke, why not take advantage of the huge traffic you are getting on your personal website and promote products through affiliate marketing programs? How it works is simple: companies are willing to share their profits with you if you direct traffic to their store and make sell conversions. The commissions are worth it, and if you are really good at it, you can earn quite a substantial amount of money than you can ever imagine.
4. Content writing
The market for original content has grown exponentially now that every business wants to have an online presence. If you have solid writing skills, you can consider venturing into content writing. You can write essays, e-books, articles and other material that are in demand.
The average going rate for professional custom writing range from between £25-£50 per hour, and this can translate to good money if you do it as a business during your free time on campus.
5. Virtual Assistant
The market for online freelancing is expanding every day as more people go online to find assistance on various issues. One of the most phenomenon opportunities available online is being a virtual assistant, whereby you get to assist people who are pressed for time to complete several chores, such as opening and replying to emails, managing social media accounts, online shopping etc.
You can make it your business assisting people online, and this can earn you good money. You just need to have an internet connection and a laptop/computer. If your lacking for high-speed broad, you can use reviews to discover broadband providers that are cheap, yet have a solid reputation.
Another splendid business idea you can work is being a tutor. You might be an expert in one subject area that other students are struggling with, and you can offer private tutoring as a business. Tutoring other students can bring in good money for you, considering that most academic institutions have limited tutoring schedule.
If your end goal is to earn money from something you enjoy doing, offering private tutoring services online could be the best startup idea to work with during your time in college.
7. Travel agent
If you enjoy travelling around the world during summer when most schools are closed, why not make it your business to bring in more students to come travel with you? You can organize event trips to other states or festivals, and earn a good profit selling premium tickets to your fellow students. It is a good deal that any college student can work with as a startup business.
Even though it is not easy to set up a business, if you have the golden entrepreneurial spirit, you can be successful. There are many more ideas for you to consider, and all you need to do is take the first step and venture into entrepreneurship. Who knows, it could be your one-way ticket to prosperity and a fruitful life.