According to a CNBC report, 60% of teenage students are interested to start their own business instead of doing a typical 9 to 5 job.
It was an older time when a student was used to ask money to the parents for their pocket money till the completion of graduation.
In the current era, self-independence has become the synonym for self-esteem, even though there is a student, teen, younger person, woman, housewife, or senior citizen, everyone likes to be self-independent in terms of money.
If you are a student and want to start your own business on the side, you may face some challenges such as finance, finding proper business ideas, etc…
As a student, becoming financially independent is not an easy deal, but if you have a proper strategy step-by-step, you may become a successful younger entrepreneur before you complete college.
But don’t worry, this article will direct you to the business ideas for students with low investment, which will give you a new way to establish your own business.
Business Ideas For Students With Low Investment
First of all, you should know why you should search for low-investment business ideas as a student, and what is the logic.
Because, first you won’t have a lot of money to start a huge-scale business unless you are doing a part-time job.
Even if you do a part-time job, you might be able to collect the amount of money that’s enough to start a business on a big scale.
Now, there are many business ideas for college students that they can start with low money and yes, without money as well.
Yes, you are reading true, there are also a bunch of businesses to start for students without money that we are going to explore in this article.
Well, instead of having an overview, let’s begin to explore the business ideas for students with low capital to take the first step in the direction of becoming the youngest entrepreneur.
1. Become a Social Media Influencer
This is one of the most online profitable business ideas for teens in which you don’t have to invest a single penny and you can become a start of people’s eyes.
You might be thinking that how could you become a younger businessman by becoming a social media influencer, right?
Nowadays, social media platforms are being used for business purposes more than entertainment.
Many brands are ready to pay any amount to social media influencers for promoting their products because the influencer has a grand volume of audience.
You will be surprised to know that the legendary footballer Cristiano Ronaldo charges $1.6 Million for posting one post on his Instagram feeds.
It’s the power of influencers!
What You Have to Do?
If you are a person who likes to spend time on social media, it could be a profitable online business for you.
Just create an account and page or group on social media, and explore your knowledge that you have and by which you can help people.
BUT be consistent on it, otherwise, your efforts are meaningless!
By posting your updates regularly, people will come to know about your skills and knowledge and will start to follow you and your audience base will increase day by day.
When you will start to become popular, you will start to get to publish the sponsored ads from third parties on your page, wall, and accounts, and for that, you can charge whatever you want.
You can use any social media platform such as Facebook, Instagram, Twitter, and yes, YouTube as well.
Remember that you should work on a specific niche and build an audience for that only, don’t publish random content, i.e. today you publish a post about fashion and tomorrow publish about fitness. Stick on one, it will create a dedicated audience and your branding will start.
2. Start a Wedding Planning Business
Wherever you are living on the planet, a wedding is one of the most memorable events in everyone’s life, and he or she wants to organize it in the best way, right?
But, for everyone, it’s not as easy as it seems, he may have a shortage of time, she might be a working person and could not get enough leaves from the office.
Or else there may be another reason as well, in which he needs a person or a team who can manage the entire occasion of wedding.
But they also want to be done it in a very proper manner, and as a student, you can manage it very well, because you also have to maintain your study.
The wedding planning business idea is a very profitable small business for students because it does not need very high investment and needs a small team, so it’s easy to manage as well.
According to the Bureau of Labor Statistics, the demand for wedding planners is going to increase by 10% from 2016 to 2026.
So, it’s clear that if you start a wedding planning business, it will be a proven low-cost business with a high profit for you as a student.
3. Start a Cooking Classes
If you are a girl and looking for the most successful small business ideas for students, you should go through the cooking teaching business.
Cooking is one of the favorite activities of the girls, and you can turn your passion into a profitable small business by applying some business strategies.
Now, here you need to remember that in the beginning, you should start a cooking business on a small scale by giving coaching to four to five students only, because, without experience, mass teaching will become difficult for you.
Later on, you can start your YouTube channel as well to share your knowledge from there also you can earn thousands of dollars per month as a passive income.
You will need a little bit of investment for establishing a small kitchen, appliances, and materials as well, and you can start this business from your home as well if you have a vacant room.
4. Content Writing Services
You want to build your business in the freelancing sector and if you are good at creating content for websites, blogs, stories, news, or other stuff, you can start an online business content writing.
According to the report of ZipRectuiter, the average earning of a freelance content writer is between $19,500 and $102,000 per annum, and the average is $40,500.
You can assume how profitable online business idea for students is, and you can start it without investment very easily.
You might be thinking that how would you get clients for content writing projects, right?
There are hundreds of freelancing websites from where you will get potential and genuine clients for content writers.
I am also a content writer and blogger, and I get genuine clients from Fiverr and Upwork, hence, there are plenty of sites, but these two are very recommended.
After you get expertise and many positive reviews from the clients, you can charge more than $60 for just 1000 words of content.
5. Online Reselling Business
If you are searching for unique business ideas for students, an online reselling business could be one of the best options for you.
Teens do not have the more consistent time to focus on their business due to their studies and other activities.
Online reselling business is the business that does not ask for much more time during the day, it’s very simple to execute.
For that, you should have an audience or followers on your social media accounts, and game over, you can win any bet.
Just pick the details of the products from the seller and post them on your social media account, people will see and order for the same.
As long as you receive an order from anyone, just forward it to the seller, collect it from him, and send the customer, the pricing difference is your profit.
It a quite simple!
This is the best business idea for college teens without investment or you can say with a little investment.
6. Start a YouTube Channel
I don’t need to explain to you what YouTube is, and you can find the daily searches of YouTube on the internet, in a nutshell, you are totally aware of the potential of the YouTube platform.
Now, here you have a great opportunity to establish your long-term autopilot business in your teenage.
If you are having any skill that can solve the problems of people or can entertain them, you should share your knowledge via YouTube medium.
Your YouTube channel can be monetized with many sources that depend upon your subject (niche), but it’s sure that you will start earning within a certain time with hundreds of dollars.
One more thing, your YouTube channel is your digital asset, which will be giving money forever until you close it, and if you want to sell it, it will give you a grand reward in terms of money as well.
7. Bookkeeping Service
If you are good at accounting, or not good, it doesn’t matter, you can start a business bookkeeping service to provide accounting support to local small businesses.
If you know the bookkeeping then it’s well and good, but if you don’t, you can enroll in online courses, and can learn the bookkeeping completely, and can start your online business from home as well.
This low-cost business for students does not require high investment, it’s a very low investment-oriented business, that you can start from your home as well.
There are plenty of local business owners that can not hire a dedicated person for maintaining their business transactions and account.
For this reason, they always look for a bookkeeper whom they can hire on-demand, and pay the amount only for the hours they work.
You can find them very easily on social media and on freelancing websites very easily where they regularly post their requirements.
8. Cake Making and Selling Business
Making cake is one of the favorite activities of college girls, and you can turn your passion into a long-term small profitable business.
There is a huge demand for homemade cakes over the world, even if you are living in the USA, UK, India, or anywhere, you can run this business very easily and generate plenty of cash.
The beneficial thing about this profitable teen business is the required investment to start it is less than the monthly expense of milk for your home.
And the profit in cake is more than 50%, so, for example, if the cost of making a cake is $5, then you will be easily selling it for more than $8, it means, if you make cakes for $100, you can earn a net profit of more than $50-$70.
As a student, you may have a bigger group and network where you can advertise your business, and yes, don’t forget the social media platforms where you can publish your business ads and grab the daily customers.
9. Food Delivery Service
Again, this is a preferred small business idea for girls from home, and yes, again, you need a very low cost of investment to start a food delivery service.
Here, you do not have to deliver the food to the clients, you need to make the food for your customers and tie it up with the food delivery service providers.
You need a small vacant space in your home where you can set up your mini kitchen to prepare the ordered food from the customers.
Wherever you go over the world, you will get the foody people, correct me if I am wrong, and that is your business.
Spend just 4 to 5 hours per day, can generate hundreds of dollars as a net profit per month and make you able to take the first step in the direction of becoming the youngest lady entrepreneur.
10. Start an Online Tuition
Online tuition business is very easy and a very profitable business for you as a student, start online tuition for the lower standard students i.e. primary school students.
It is very easy for you because you already have learned it and passed as well, and parents are always searching for the best tutors for their kids.
I am suggesting starting an online tuition business because, after the covid pandemic, the online tuition method has become a synonym for safety.
You need a laptop (available to almost every person), good connectivity to the internet, a vacant room in your home, and teaching skills.
In the beginning, you should target the students near your area and gain their trust of them and build your brand.
When you start making noticeable money from them, you should spend money on advertising and grab more students.
Steps to Start a Business For Students
Well, starting a business is not an easy deal, and especially, as a student, you don’t hold any experience to do so.
So, you don’t have to keep the approach of a strong businessman, in the beginning, you need to take some prevention and follow only recommended and necessary steps for starting a business.
Don’t be overoptimized to achieve the financial winning in a very short time, shortcut doesn’t exist in the business journey.
So, just take care of the below points when you are about to get started for your new and first business.
Select The Business Idea
The first and very important thing is to select the business idea, go through deep research, take the maximum time to find the best student business ideas, shortlist them, and among them, choose the most preferred business for you.
Analyze the business potential and opportunities for it, determine that would you be able to sustain it for a long time or not, and what will you do if you come to face XYZ types of problems.
Remember that as a student, always choose the low investment business to start, and for this, the best option is to start an online business so that you can manage your time and business both along with your regular study. Keep in mind that as a student you are able to do a business as a part-time, not full-time, so your efforts and strategies must be done accordingly.
Arrange The Investment – Don’t Borrow The Money From Anyone
A very crucial step, and as a student, it’s a very risky step, you need to arrange an investment, so as I mentioned just above, choose a business that requires a minimum investment or no investment.
Never borrow the money from anyone to start your business, either start a business that does not need money or needs very little money that you have or you can arrange it yourself.
Decide The Time Frame
If you are passionate about starting your business, it’s very appreciatable, but your first goal must be to focus on your study.
So, you must decide the time frame according which you will be running your business, it doesn’t mean that you have to fix your working hours.
No, it isn’t like that!
Fix your study hours and time in which you complete your study, and in the rest, time manage your business.
During your business time, set the priorities for each task of your business, for example, if you have a content writing service business, and you have decided on four hours per day, then schedule it.
Like, you will be doing the content research for 1.5 hours, two hours will be used for content writing, and remained half-hour for proofreading.
Make The Audience
The audience is your future business, before you start your business, make the audience first, and keep in touch with them.
For that, the easiest way is to create an Instagram page and Facebook page or group and post the content around your business.
Don’t post your products at the beginning, for the first couple of weeks, just keep posting the content about problems and solutions regarding your business. When you grab more audience, then start promoting your services or products there, people will definitely buy them because they started to trust you.
Start The Business on a Small Scale
Another most important thing that you must not overlook is that you should start a business on a small scale as a student.
Because you won’t have around 8-9 hours a day to maintain your business, a small mistake can ruin the entire business.
Again, don’t become overoptimized and start a business on a small scale that you can handle easily, and as long as you become stable, you can establish a team that will be handling and running your business very smoothly.
Final Thoughts on Business Ideas For Students With Low Investment
For a college student, even for girl or boy, starting the first new business is not as easy deal as they assume, because a business is a very sensitive entity.
The business idea that a student chooses matters a lot, the right business idea for a teen can make him the youngest entrepreneur, and a wrong selection of business can harm him financially and educationally as well.
Try your best to choose an online business to start so that you can manage it from anywhere, just having a laptop and internet connection with you.
And last, but very most important thing, take care that you are not harming your study in the passion of running your own business as a student.
Frequently Asked Questions
What business can I start with as a student?
You can start blogging, YouTube channel, Affiliate Marketing, part-time virtual assistant business, online reselling business, and there are many businesses that you can start as a student from your home.
What can a student sell?
As a student, you can sell ebooks, third-party publications, online software, online reselling of clothes, artificial jewelry, and many other products.
How can I earn fast money?
Affiliate Marketing is the best way to earn fast money, hence, for that you will have to work dedicatedly on your business
How could a 13 year old make money?
Blogging is the best way to earn money for 13-year-old student, where he does not have to arrange a huge amount of money for investment, just $50 – $80 investment per year.
I am Ritesh Ajmeri, Founder of Growmorebizz, professionally I am a content writer and blogger by passion. I have experience of 3+ years in SEO Blog Writing and Content Writing.
Anyone can reach out to me at my email: firstname.lastname@example.org.