Students all over the world are hard up for money. There’s only so much you can ask your parents. However, in today’s gig economy, you have a lot more options than your parents did. And India’s growing economy is an incubator for startups that don’t need much investment. Here are five business ideas just right for students.
1. Start an online tutoring service
The savvy entrepreneur knows that the business you launch should reflect your unique skill set. As a student, you may want to consider tutoring other students in your area(s) of expertise. You can also advertise your services online and through social media, or you can simply solicit referrals from your extended social network. And because tutoring businesses have little to no overhead, almost all your income will be profit.
2. How about a video blogger?
Style and tech are big for millennials. As any dude or girl will tell you, they look up to influencers online. If your style or tech quotient is way up there, set up a tutorial for clothes and makeup or tech product reviews. You ought to earn a pretty packet from it if the traffic is right.
3. Be an experience organiser
Are you a high-energy individual who has a strong social network and a flair for travel and experiences? You can put your push power to good use by planning curated trips and getaways. There is serious money here if you can pull it off with flair and if the event goes without a hitch. They don’t even have to be big-budget out-of-town experiences, small groups discovering never-seen before experiences like food, views, culture, even pub crawls are the way to go.
4. Offer social media services for local brands
Social media is now a vital marketing tool and anyone who knows the workings of social media platforms can parlay it into a business opportunity. Empowered with mobile design apps like Canva, you can look at creating and managing social media profiles for local businesses on Facebook, Pinterest, Twitter and Instagram and more.
5. Try drop shipping
For quick money with virtually no investment barring a two-wheeler, you can start drop ship collaborations with the likes of Amazon, Flipkart, Swiggy, Dunzo and so on to deliver their orders. Start by covering your neighbourhood and earn a commission per delivery. If you want to make it entrepreneurial. Start a WhatsApp-run pick-up/drop-off or errand service for people within your own neighbourhood which can grow by word of mouth.