Kickstarting a business and running it successfully is not a walk in the park. However, that shouldn’t put you off from starting a venture on your own. With the right attitude, you can definitely leave your mark in the world.
If you are still a college student and are struggling to start your business, you might be interested in learning about some low-cost successful business ideas for students and entrepreneurs. A lot of successful businessmen began their entrepreneurial journey right when they were in their college days. If you look at the market, you will find that many well-established start-ups that are revolutionizing the world were born from out-of-the-box ideas.
If you are still looking to go beyond earning your passive income from the best online sportsbooks, and starting your own business with minimal investment, here are five business ideas you can begin in 2021.
Web Design and Development
Currently, technology is enabling offline businesses to shift to the online arena through social media platforms and mobile apps. Most companies operate online these days. Meaning, a solid online presence is vital for businesses to connect with potential customers and survive in the competitive world.
Nevertheless, most companies don’t have enough time and resources to develop their websites in-house. Hence, they often resort to students who are pursuing a website development or designing course to have their website built with minimal costs.
So, you can essentially start as a freelance web designer or developer and create logo designs or website revamps for businesses. Consider creating a LinkedIn account and advertising your work by communicating with professors and fellow students.
Dorm Cleaning Service
A few students in college and university miss having someone clean their rooms like at home. In fact, students might rarely be in the mood to clean their dorms by themselves. This opens up an opportunity for you to begin your dorm cleaning service, where you will charge university students a fee to clean up the room.
It is relatively easy to start and market this business. All you need to do is go from door to door in dorm buildings. Even startup costs are low for this business idea—you would require a few cleaning supplies and a business license. Then, depending on your clientele base, you can choose to hire other students for the cleaning services in the future.
The great thing about this idea is that you can start this business idea even if you are in college and expand even after graduating.
Every business needs good content to stand out from the competition and attract more clients. Hence, there is an increasing demand for fresh content to promote products and offerings, build a customer base, and create promotional pieces like brochures, flyers, and more.
Students or entrepreneurs with a flair for writing can begin their careers as content creators without investing any money. All you need is a good command of English to make money from this business.
In case you are not into content creation, you can consider hiring students on an ad-hoc basis to create unique content. Again, this is a feasible option for businesses.
Language Transcription Service
If you are pursuing education in a foreign country where they speak different languages and know both the native language in that country and another home language, one business you can start is a transcription service.
You will have to set up an online portal that allows other people or companies to upload documents in a language you know. Once the document is uploaded, you can transcribe it to the client’s needs and send it back to them through the portal after getting paid.
An online portal is highly beneficial than working through your mail, as sorting through your mail and sending the hardcopy documents is typically time-consuming. In addition, depending on how well your business performs, you can grow into a large company by hiring other students who are interested in the niche.
Do you have what it takes to lead a group in social events at college?
If yes, you might want to market your skills as an event promoter and earn money using them. The requirement for professional experts to manage events is rising exponentially, making it a sensible business idea for students with moderate capital investment. You should possess great negotiating skills, the right contacts, and amazing marketing techniques to be successful.