Business Ideas For Students With Low Investment: Creating your own business isn’t necessarily an easy task, but you might be surprised to learn that it doesn’t necessarily have to be incredibly expensive either.
Business Ideas For Students With Low Investment
With some ideas, you can get started with low investment and still make money right away! These 10 business ideas for students with low investment cover everything from selling stuff on eBay to starting your own freelancing business or creating an ecommerce website on Shopify. No matter what your area of expertise, there’s something here for you!
1) Handmade jewelry
If you’re an artistic person, handmade jewelry might be a good business idea for you. Making jewelry is surprisingly easy to do and can even become an art form in itself. Handmade jewelry can be sold on Etsy or at craft fairs. If you enjoy making things with your hands, you could make a killing on Etsy—and it doesn’t require a ton of cash to get started, either!
All that it takes is some materials and some time (and maybe a bit of brainstorming for business ideas). Write a professional blog post based off the following description: Learn how to write SEO optimized content. SEO means Search Engine Optimization.
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2) Online shop
Starting an online shop can be one of the most profitable business ideas for students with low investment. Setting up an online shop can be easy to do, it’s cheaper than you think and offers many benefits over a physical store including: higher margins, lower costs, more direct contact with customers and lower startup fees.
As well as selling items from your own stock, you could also set up a drop-shipping service which means that you act as a middleman between suppliers/manufacturers and customers. There are plenty of free or low-cost platforms that allow you to create an online shop such as Shopify (our recommendation) or WooCommerce.
You may even want to consider creating your own website using WordPress! If you want to get started quickly and easily, our recommendation is to use Shopify. The software is simple to use but also powerful enough for advanced users. It allows you to build your own unique ecommerce website without needing any technical knowledge or coding skills – everything is drag & drop!
Once you have created your store all you need to do is add products and let customers know about it via social media etc. You can then sit back while sales come in! To make money with an online shop all you need is products/goods that people want, great photos and descriptions of what they are buying plus some marketing know-how so people find out about your site in the first place.
3) eBay store
An online store is a great way to test out a business idea while keeping costs low. It’s easy to set up—simply create an account on eBay, then either find items at garage sales or thrift stores, or list items you no longer need.
From there, pricing should be straightforward; if you’re using photographs and descriptions of your merchandise, eBay will even suggest a price range for your items. Just keep in mind that eBay takes a cut of every sale and you have to pay for any shipping charges, which can add up if your customer is located far away.
4) Drop Shipping Business
A drop shipping business is an easy way to sell a product, particularly if you’re a student. To start a drop shipping business, all you need is a product that you like and an account with a drop shipping company. Then find customers by using social media marketing and other promotional efforts, such as sending out fliers and going door-to-door.
After you’ve built up your customer base, your drop shipping company will do the rest of the work for you, shipping products to customers on behalf of your business—at no additional cost to you. In fact, most companies even handle returns for you. That means once you have a customer base in place, it’s time to sit back and watch your sales roll in!
This type of business is low risk but can also be high maintenance, depending on what kind of product or service you offer. You’ll want to check in frequently with your vendors to ensure they have enough inventory available. It’s also important that you continue advertising so that potential customers know about your presence online. If they don’t see ads regularly, they might assume your business has closed down and take their money elsewhere!
5) Etsy shop
Selling crafts on Etsy is a great idea for students looking to make some money from a hobby. There’s no upfront cost to open an Etsy shop, and you don’t even need your own website to do it. Once you set up your account, you list your items (either handmade or vintage) for other people to buy. You pay a small listing fee for each item, but it only costs about $0.20 per item to ship them, which is usually covered by the price of materials anyway.
Once you sell an item, you have to ship it out within 7 days – which means it doesn’t really matter where in world your buyers are located – they’ll get their stuff quickly and reliably! To learn more about how selling on Etsy works, check out our guide: How To Sell On Etsy As A Student.
6) Review website/YouTube channel
There are a ton of ways to make money online, but one of my favorite opportunities for college students and recent grads is by creating your own website. You don’t need coding skills or fancy tech skills, just a passion for learning new things and some free time. A huge perk of being an affiliate marketer is that you can create your own product and sell it without having to worry about shipping it to your customers.
You simply have to come up with an idea that you know people will be interested in (because it will solve their problem) and then show them how they can learn more about it on your site/YouTube channel/other social media accounts. It may sound complicated at first, but once you get started it’s actually pretty simple.
7) Fashion Accessories Blog
Unless you’re a fashion designer, there’s very little money to be made in fashion design. But fashionistas are some of the most engaged and loyal audiences on social media. If you have an eye for trendy styles, why not turn your Instagram account into a business? The benefit of starting an online store is that it’s relatively cheap to get started; you don’t need any fancy equipment or space (unlike a physical retail space).
The downside is that it’s even harder to convert followers into buyers. This option will take more time and effort to generate sales, but if you have serious blogging chops and enjoy playing stylist, it can be well worth it. Here’s how to start a fashion accessories shop.
There are other ways to make money while still in school as well. We all know people who hold down multiple jobs, but these gigs aren’t always ideal: they often require long hours and work during nights or weekends when you’re supposed to be studying! Instead of dealing with someone else’s schedule, consider offering services that let people hire you when it works best for them.
You can offer to watch their pets when they go out of town, walk their dog at lunchtime during workdays or babysit their kids after school—or any other activity that might be difficult for them to fit into their busy schedules.
8) Book Reading Service
There are many people who like to read books, but they do not have time or are too busy. You can start a book reading service, where you send your customers electronic copies of a particular book and make them pay on monthly basis for reading these books.
A person will be able to keep on reading his favourite author books without worrying about money issues because he can cancel any time if he does not want to continue with your service. It is one of good business ideas for students.
In addition, it is also possible to charge some fee from authors for providing their books through your services. In fact, there are many online companies that provide such services; therefore you should come up with something unique so that you can attract more clients.
9) Digital Assistant Business
Do you have a knack for scheduling and organization? If so, you may want to consider launching a virtual assistant business. This can be done part-time from your home, or even full-time if you want to quit your job and go for it. Being a VA is ideal for students looking to make money on their own schedule and work remotely as they attend college.
It’s one of our top picks as it makes starting out super easy – no upfront costs or credit check required. You’ll also get experience in being an entrepreneur, which is crucial when building your professional portfolio. To learn more about becoming a VA read our complete guide here . Or, to start working with clients right away, click here to set up your free account at Zirtual .
10) Local Drop shipping Store
Most drop shipping sites charge a monthly fee, but you can set up your own with Shopify and drop ship from AliExpress for free. It will take some time to build your customer base, but once it’s established, you’ll have a reliable source of revenue coming in every month. However, I wouldn’t recommend starting from scratch since it involves building an entire store on Shopify from scratch.
I started my own store by getting things off of Aliexpress (example: wireless headphones) and shipped them out as Amazon Prime orders for profit. You can find more information here . Or, if you want to start even easier than that, then check out these five easy ways to make money while you sleep. This is one of my favorite side hustles because it’s so easy and pretty passive income when done right.
And it doesn’t cost much either because most of these websites are designed with small businesses in mind who don’t want big e-commerce stores or enterprise solutions like Magento or WooCommerce which require hundreds or thousands of dollars worth of investment just to get started.
Here are five great websites that allow anyone to easily create their own online storefront where they can sell physical products at a markup without having any technical knowledge about website development or coding.
Also Read: Business Ideas For Students in University
Conclusion
These are all of our ideas for students with low investment who want to start a business from scratch. If you have any more suggestions or any further questions, please let us know in comments below. I hope these ideas have inspired you to think about your future and how you can make it great.
Do not forget that becoming an entrepreneur is hard work and even if it seems like there is lots of money to be made out there, remember that all great entrepreneurs failed over and over again until they found success. It takes grit, courage and perseverance but if you stick with it then nothing can stop you!
