December 23, 2017
Low-Cost Business Ideas: How a Student to Start Own Business
It’s always a great idea to start a business while in school. However, students are always left trying to figure out where to get the money to start a business. A business can go a long way to getting you money for tuition and upkeep. It also gives you the much-needed experience of running a business and interacting with clients. Every student needs extra money to survive in school for various reasons including, tuition fees, clothing, groceries and club activities. You can easily make money for all these by starting up a business at an affordable cost.
If you are looking for business ideas that you can try out even with your busy schedules of classes and assignments, then we’ve got you covered. Getting a job with such a schedule can be quite hectic. This is why many students are preferring getting into businesses.
Here we have ideas to get you into a business at a low cost!
Residential Cleaning Service
This is a great option that will enable you to have time for both your classes and your business. All that you have to do for a start is buy a few cleaning materials and put up advertisements both online and through posters in your community area.
Here, you have to be keen to do a good job in the houses that you clean and also be trusted. Do not take anything from the houses or invite your friends over. Respect your clients’ spaces. Once you build trust, you will get many referrals.
A good way to reduce the cost of starting up is by asking your clients to provide most of the supplies that you need, for example, rags that are recyclable. Make sure that you arrive for the cleaning service at the expected time and set aside enough time for you to clean up. This will ensure you do a good job and will keep your clients happy as you are reliable.
I bet you know how stressful moving in and out of campus can be for students. This is a great low-cost business opportunity. You can start a moving service business and help your fellow students make that move.
The downside of this job is that it requires a lot of muscle and hard work. This is because it requires a lot of lifting of heavy and large furniture as well as other items. You, therefore, need to have the right capacity and tools to make moving the items easier, for example, rollers.
For marketing your services, you can put up flyers on the campus, use social media platforms or market by word of mouth. You can also use the campus journals for adverts.
Being a student, we bet you know quite a lot of subjects academically. You are probably good at math, writing essays and biology, among others. You can use your skills and knowledge to make some cash!
You can teach students who are struggling. You can become a tutor through various platforms such as the school’s peer teaching center, or by registering as a tutor in the school. You can also train students in elementary or high school, especially in your home or school area.
You can set up your charge rate based on those of the tutors around your area. The highest demand for tutors is usually for SATs.
As a student, we bet that you’re more exposed to the social scenes. This can earn you money. You can work with local musicians and artists to come up with events in your area. Here, you need to do good planning and execution to make the events a success. You could assist in marketing events in your school through distributing flyers and setting up posters as well as informing your fellow students by word of mouth. This will help in creating an interest in the events.
You can also work with managers of venues in your area to hold the events there and market them online through blogs and social media platforms. You can get paid for the marketing, organizing the event or through sales on the tickets.
Make sure that you do your homework so that you find the right kind of people to work with. The key to making this work is open and frequent communication, good organization skills as well as skills in finance and marketing.
You don’t have to be doing a major in finance to do bookkeeping. All you need is basic know-how of accounting and a good understanding of how to use spreadsheets and analyzing as well as solving real-life problems.
The good thing is that all companies and business need to maintain good records for bookkeeping, hence, there will always be a job for you. For small businesses, they tend to outsource this service to lower their costs. You can, therefore, use this opportunity to fill in the gap.
You can use a low-cost software for startups like Xero. You can also market your services by way of listings on jobs or through referrals by your clients. You should charge on the basis of work complexity as well as your level of experience. It is always a great idea to start with a low charge rate then slowly work towards a higher one with experience.
You don’t have to be a jewelry guru or an expert jewelry maker to start up a business in jewelry. You can start up with simple jewelry for your fellow college mates or even for kids. This can be bracelets, neckpieces, etc. Use an e-commerce site to help you sell them or start your own website.
You can do better work by watching tutorials online as well as doing further research on blogs and other articles.
The best way to sell this kind of jewelry is through advertisements by way of using photos. Ensure that you take good images of the pieces for your website or selling platform to encourage your clients to buy the products. Be keen to use simple and basic tools for example pliers, beads, stones and a wire cutter. They will be affordable.
As a student, you don’t need to have lots of money to start up a business. We have listed a number of low-cost business ideas that will surely set you off on your journey into entrepreneurship. With every business idea, you will need to work hard and be reliable and committed to making it work. We do understand that you spend most of your time in class and doing projects as well as assignments. This is why our ideas are not time-consuming. These ideas are ideal for you as you will be able to handle both business and studies, and still make that extra money. Ensure that you do a good job and remain consistent so as to get more clients through referrals. Whichever skills you, say you are a good writer, the best you could ever do before starting out is researching on what to offer. Let’s say you know how to write 1000 word essay that will score high marks or you’re good at article and blog writing, find out which one will make you money with more ease. Afterwards, you can slowly expand to other niches.
Have any exciting ideas that you would like to share with us? Let us know in comments section.
Author Bio: Christina Battons is a creative writer and content strategist from LA. Currently, I write to various web platforms. My posts address the topics about self-education, writing, motivation, professional development. In my spare time, I prefer to read novels and crime thriller stories. You can connect with me through @battonschristi.