You do not necessarily require a very large investment to start a business, if you have an idea that is well researched and just a few bucks laying around, you can start a profitable business.
Following are four business ideas for students looking to make some extra cash on the side without burning a large investment.
Trading is one of the smartest businesses a student can step into with minimal risk. By researching the audience and the product to cater, you can flip a product for profit. However, it may take a few experiments before landing a product that sells best which is the only risk this type of business entails but once you have done a thorough research and landed the perfect product at a bulk rate.
You can flip it for profit and later add more items to your inventory. It’s a relatively less risky idea with little investment but requires deep research before you step into it. What product to sell, where to get it from, how to deliver it are some of the questions that you may need to brainstorm.
Freelancing is a fairly popular stream of secondary earning for skilled professionals. Students with skills like writing, graphic designing and others can adopt freelancing and earn by sourcing projects and clients through social media and other platforms like Fiverr and Upwork. The more work sourced; more earning is made.
You can later on outsource your work to other freelancers as well and pay them a share of the budget of the project taken and completely run an outsourced freelancing business by taking multiple projects from multiple clients and outsourcing it to freelancers working for you.
If you love to cook and have had people tell you numerous times how gifted you are, why not turn it into a home-based business? Many students are running cooking/baking pages on social media and are earning good through it.
Most of these pages have a specialty dish with other items in the menu, this could be pasta, fried food, home cooked desi food or desserts. Choose the type of food you make best, create appealing posts, click appetizing photos and you are good to go.
While tutoring may not count as a business but it certainly is an extremely viable choice of a secondary outcome for a student. By teaching students in subjects that you are good at, you can make a few extra bucks. Tuitions do not pay much but depending upon the amount of time you are dedicating and the number students of you are teaching, you can earn a decent amount.
Let us know in the comments whether you are earning as a student or not and if you are, how are you doing so?