We have created this article to help students to choose the right business for them.
Which Business is Best For Students: Starting a business can be hard, especially if you’re still in school. You might not have much free time, and you probably don’t have much money to invest either.
Which Business is Best For Students?
However, if you are willing to work hard and put in the time, you can turn your business into a success story even with limited resources available to you. This list of top 10 businesses for students will help you make an informed decision about which business path to pursue next, so let’s get started!
1) Become an entrepreneur
It’s certainly possible to be successful at school and work; that’s why it’s so important to consider both. Remember, you don’t have to choose one over another. There are lots of things you can do if you want to be an entrepreneur and also succeed in school.
The first step, however, is being honest with yourself about what your goals are—school or business? Whatever it is, make sure you know where your focus lies (and then figure out how to balance that with other responsibilities). Then start working toward those goals while enjoying everything else life has to offer too! You may be surprised at how much fun doing something entrepreneurial can be!
2) Franchising
Franchising has both advantages and disadvantages for students. Unlike starting your own business, you are given a proven system that others have already put in place. While having a proven system is attractive, it also means you’re somewhat limited as to what you can do because there are already rules set in place. This doesn’t mean franchising isn’t good for students—it just may not be your best option depending on your strengths.
If you like working with systems, following rules, and don’t mind being told how to run your business then franchising might be right for you. If not, read on! As someone who started their first business while still at university, I know all too well about student schedules. In my experience, I would recommend selling things online if you want to start a side hustle or extra income while still in school.
You won’t need any special equipment and with some practice, it can become second nature quickly. As an added bonus, since most of these businesses require little upfront investment (if any), they make great choices for people who are looking to get started with little capital available or those who want to test out their idea before committing more money down the road.
3) Etsy
Online marketplaces allow budding entrepreneurs to sell their goods directly to consumers. Etsy, a large online marketplace for craftspeople and collectors of handmade goods, lists millions of items in almost every imaginable category. No matter what you’re making or selling—from macramé plant hangers to laser-cut wooden dog tags—Etsy can be a good place to start your business.
The site takes just 4 percent of each sale, and it offers an e-commerce platform that’s relatively easy to use. Keep in mind that you’ll need a pretty large inventory if you hope to turn any profit from your hard work! [See Related Story: Three Reasons You Need an Etsy Shop] ## ## Title: How to Start a Business on Etsy (with Pictures)
4) eCommerce business ideas
If you’re looking for a business that can scale quickly, an eCommerce business might be your answer. Ecommerce startups are one of the fastest-growing types of businesses around today and typically require little overhead to get started.
Plus, these days there are tons of tools that make it easier than ever to start a web-based business and sell products online. If you have an entrepreneurial spirit, but don’t have a lot of startup cash on hand, an eCommerce business could be right for you. To help get your juices flowing we put together 10 ways students can make money with eCommerce!
5) Freelancing business ideas
Freelancing was once dominated by college kids. Now it’s dominated by college graduates. There are plenty of reasons why students should take freelancing seriously: they don’t have an established career to leave behind, so taking risks isn’t as risky; since they don’t need much money to get started, freelancers can experiment more with their services and adjust as necessary.
A side business also lets them make money outside of school, making it easier to focus on studies later down the line. In short, here are three great business ideas for students right now: tutoring services, providing guest posts or other content (like music!) for blogs and websites, and creating digital products like ebooks or apps that other people can pay for.
If you do want to become a freelancer after graduation, you might consider earning a certification from sites like Elance or Upwork—or from places like General Assembly. If you’re looking for some help finding gigs, check out sites like Flexjobs and Content. And remember: whatever you do, remember to save at least 20% of your income every month! You never know when your business will need an extra boost—and it’s always good to be prepared.
6) Investment Opportunities
How you go about getting funding for your startup or small business can make a big difference in how successful it will be. It’s also a crucial part of starting up any kind of business. Traditional methods for funding startups can include bank loans, venture capital, angel investors, and public stock offerings. Most businesses, however, don’t have access to these methods because they aren’t established enough to qualify.
Or they don’t have equity that qualifies them as investments. In reality, most businesses are built on less formal kinds of funding: savings and credit cards. Starting a business without financing—or with limited financing—can seem daunting, but it doesn’t mean you should avoid doing it if that’s what makes sense for your business idea.
7) Mini-Jobs (Fiverr, Upwork, etc.)
You can find mini-jobs on platforms like Fiverr, Upwork, and many others. These are small projects, usually not worth more than $10 to $50. However, they’re easy and quick to complete, which makes them a good source of extra income if you need it.
Personally, I wouldn’t recommend doing mini-jobs (or any freelance work) just for fun. It takes a lot of time and most freelance jobs (especially mini-jobs) don’t pay much at all in comparison to what it costs you in time or money invested. Still, want to try it out? My advice is to look into Upwork (the first one). It has two main benefits
8) Online marketplaces (Lyft, Postmates, Fetchr, etc.)
You’re a driver, and customers want to pay you to take them where they need to go. These jobs are best for students because they can be done on nights and weekends. Being your own boss also means you can work when you want to—and how much you want to. Earning potential: $20–$25 per hour on average (though there are opportunities for more if you’re willing to drive on busy nights/weekends).
If a part-time job makes it too hard for you to focus in class, just remember that these gigs require some training before you start picking up clients. Restaurant delivery services (Doordash, Postmates): As with online marketplaces, these gigs involve delivering food or packages to people. The difference here is that you don’t have to worry about going from place to place or having cash on hand. It’s not a traditional job with set hours or income but could still be lucrative.
Most restaurants will hire people who don’t have experience with their delivery service; all you really need is access to a car and smartphone! Earning potential: Around $10 per hour. It depends heavily on demand in your area; sometimes restaurants will offer tips or higher hourly rates if business is particularly good during certain times of the day. Delivery services usually include training for newbies so even those without prior experience can get started quickly!
9) Become a Bookkeeper or Accountant
Running your own business can be a little overwhelming at first. However, with time and experience, it will become easier to do. Many students have started their own businesses on their campus by running simple businesses like bookkeeping or accounting. These are easy businesses to start because all you need to run them is a computer, an internet connection, and some basic skills in bookkeeping and accounting.
Being a bookkeeper or accountant can also be very rewarding since it’s something that many people need but don’t want to pay someone else for. If you’re looking for a business that won’t cost much and can make enough money to pay rent then bookkeeping or accounting might be perfect for you!
10) Online surveys
If you have time on your hands and like filling out surveys, online survey sites could be a good side hustle. Websites like Pinecone Research or Survey Junkie will pay you to share your opinions about everything from candy bars to political candidates. Survey sites usually pay in cash but sometimes they will offer gift cards too. Sign up at one of these sites to start earning money by taking surveys.
You won’t get rich doing it, but it’s an easy way to make some extra cash when you need it. Income-sharing: This is similar to crowdfunding. Instead of offering a product or service for funding, entrepreneurs here offer to split their income with those who support them through their idea (and often with their own money).
Sites like Patreon let creators set up monthly payment plans for how much supporters want to give per month (think Kickstarter). Patrons can also set limits on how much they want to give each month. Patreon has thousands of creative projects — like podcasts, videos, and web series — that people are funding through small monthly donations.
Also Read: Which Business Can I do in Student Area?
Conclusion
Look, I’m not here to tell you what business you should start, I’m just here to show you how. Your business depends on your situation. Maybe an app isn’t a good idea because you can’t code or don’t have that kind of money to invest in development.
You should choose based on your interests and abilities. With these three routes listed above, there’s no limit to how many businesses can be started by any given person. Take it one step at a time and don’t let anyone deter you from pursuing your goals! Good luck out there!
