SMALL BUSINESS IDEAS FOR COLLEGE STUDENTS 2020
SMALL BUSINESS IDEAS FOR COLLEGE STUDENTS 2020
There are numerous small business ideas for college students. Starting a small business in college, if you do it right, can be a perfect way to make a living and pay for your way through school. Or, if you’re inspired by other great entrepreneurs who met with their co-founders and launched the next biggest fortune 500 company, then your call may be to start a business in university.
The great thing about college student business ideas is that campuses can be the perfect place to validate a product or service offering too.
We are going to go over 15 small business ideas for college students in 2020
1. JEWELRY MAKER
One of the most popular small business ideas for a college student on this list is Jewelry makers. You don’t need to be a world-class jeweler to start your own jewelry line. LeiLei Secor, the founder of Designed by Lei, started by making simple knot friendship bracelets. Years later, Secor began making wire-wrap jewelry, which she began to sell on Etsy, an e-commerce platform that charges a small fee per listing.
Without any formal education in business, Secor learned how to sell online by doing a thorough research and watching online tutorials, which she recommends to any aspiring jewelry maker.
“I also focused a lot on photography,” she says. “I think great photos are one of the most important aspects of successfully selling online.”
Focusing primarily on Etsy search engine optimization and promoting designs on social media platforms is the best way to drive traffic to your products, Secor advises.
Startup costs are minimal; creating an Etsy account is completely free, and listing an item is $0.20/listing. The kind of jewelry you make will determine the cost of materials — for example, if you wish to work with wire, you will need basic wire wrap tools that come bundled in a kit, such as a wire cutter and several types of pliers.
Avoid using expensive materials such as real gold and silver or precious stones. You can upgrade your materials once you’ve started selling your items online and have built up a reserve.
2. ON-CAMPUS DELIVERY SERVICE
There are several delivery services developed across cities that will deliver goods, products, and food, but there are no or very few services that will deliver goods throughout the campus.
A teacher may need a dry-cleaner school suit delivered to the lecture hall. Or a group of students might need a bunch of food supplied from the cafeteria to their dormitories. Save them time, so that they can study.
This is also one of those business ideas for college students to start with that would be low-cost. If it was a large campus, you would only need a bike, a strong bag to transport things, and potentially a GPS.
This small business idea for college students could easily be expanded across other schools if you wanted to grow this idea beyond your own college.
3. ONLINE COURSES FOR COLLEGE CLASSES
When you have a strong interest and expertise in a series of college courses, you could build a collection of video courses that others could watch and learn from online and easily follow. Often college students need to hear information about the course in various ways than the professor explains it, in order to grasp the content fully.
Be careful that you don’t copy the courses you’ve just been taking, or you could end up with the college in legal trouble. Your courses would need a different spin on how you teach the material. If there were multiple courses, they could pay a simple fee for each course or a package deal. A background in video editing and the development of courses will come in handy.
4. TEST AND REVIEW NEW PRODUCTS
This is one of the most interesting small business ideas for college students. If there’s one thing college students love, it’s freebies. Most freshers will grab enough free pens at the Freshers’ Fair to last them a lifetime. This idea will earn you freebies and some cash, all in one.
New products need testing before they launch to the market. Companies will look for people to send items in return for feedback which they can then use to improve their product before they sell to the public. Beauty companies and electronics companies tend to be two of the most common industries looking for testers – ideal for students who covet these expensive items.
Sign up to Product Testing UK to get going. You’ll need to answer a few questions to see what products you’re eligible to test. When you’re a match, you’ll receive the product in the post and have to test it out and leave feedback. A lot of brands will let you keep the product for free, and some will pay you on top of that. In some cases, you can even resell the product you’ve tested to make even more profit – but be careful to read the small print first.
5. START A YOUTUBE CHANNEL
A fun money-maker is starting a YouTube channel! this sort of small business ideas for college students is that which you can do on your own or with your mates – all you need is a camera and an idea. It can be anything from a pranks channel to a makeup channel or even just a day-in-the-life of a student.
Becoming a hit on YouTube takes some hard graft, but an innovative idea can take off overnight. The biggest challenge is producing regular content – try and think of something sustainable. Funny videos tend to go viral, which is a good place to start in your bid to achieving YouTube fame.
YouTube can earn you big money if you get enough views. Per 1000 views you’ll roughly get £5-7 in ad revenue. The benefit of uploading a video to YouTube is that it’ll rack up views over time without you doing anything, making it a nice passive earner. If you’re lucky enough to reach YouTube stardom, you can get paid partnerships with brands if you promote their product in one of your videos.
6. LANGUAGE TRANSCRIPTION SERVICE
If you are at a college or university abroad in a different country where they speak different languages, and you know both your home language and the native language in that country, the perfect business ideas for you as a college student is to start a transcription service.
By setting up a website where other people or companies can upload documents in one language, you could have an online portal of work that you can do in your dorm. When they upload it to your website, you could work on it, transcribe the document to their needs, and then send it back to them over your portal and a fee would be taken. This would be a great way to set it up so you don’t spend your precious time dealing with mail and hardcopy documents.
Again, this idea can grow into a large company if you hired other students to expand your workforce.
7. FURNITURE LENDING SERVICES
Many college and university students move to their dorms with furniture specifically designed for their new room. But after a year they often end up throwing it out or selling it for pennies on the dollar as it usually does not accommodate other places well, and students don’t have time to sell the furniture. This means the students or their parents have wasted a lot of money on custom furniture of their dorm.
This small business ideas for college students would help stop that by allowing students to rent their dorm furniture. By working with local furniture shops around each campus, you can design furniture for each room and then charge a monthly or yearly fee to students. You could advertise to them online through Facebook or Instagram or Google to get them to know about your service before they come to the school.
8. ENGAGE IN COMPETITIONS
Entering competitions may seem like a potluck, but enter enough, and the odds will be in your favor. There are thousands of competitions online which are free to enter – spending a few hours completing as many as you can is likely to see you some decent rewards.
You can find competitions anywhere on the web, but to save time, use sites like The Prize Finder, which lists links to hundreds of free competitions all in one place. You can win anything from cash, a new phone, or even a car. The smaller competitions tend to have better odds.
I recommend setting up a new email address to enter competitions, so you’re not inundated with promos on your personal account. Be sure to check it regularly though, in case you’re a winner.
9. START MATCHED BETTING
Lots of students turn to gamble when they’re strapped for cash. But there’s now no need to take gambling risks, as you can now use no-risk matched betting to earn big money.
Most gambling sites and bookmakers offer a “free bet” now and then, usually to new customers, where you’ll get a free bet after you place your first bet. To bet risk-free and win some cash, you place your first bet on the promo site, bet against yourself on another betting site to cancel out the risk, and then use your free bet to bet on anything you like in the comforting knowledge that you can’t lose any money.
10. NOTES DIGITIZATION SERVICES
If you can type fast, you could offer a note digitization service to other students, teachers, or university staff. This service could be charged on a per-word basis for you to type up handwritten notes into word documents, excel sheets, or even powerpoints.
If you like dealing with people in person and don’t want to run a business that is completely based online, this may be a great service for you to run. There would be a human interaction component, as you would always need to pick up the notes since they are a hard copy.
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11. SELL YOUR NOTES
Why not make money on work you’ve already done? You can make serious money online by selling your notes. Websites like Stuvia have made it even easier to get cash for your study material. You can sell anything study-related, from GCSE and A level revision notes, to university lecture notes and even essays.
Selling on Stuvia couldn’t be more straightforward. Once you’ve made a profile, you can upload as many documents as you like and set a price for each. It’s a good idea to offer a free preview to encourage people to pay for your notes. Typed notes tend to sell better and are easier to upload and download.
12. SELL BAKED FOODS
For Bake-Off enthusiasts, selling cakes, cookies and other treats can be a fun way to earn money. You can get going from your kitchen at home with some basic baking supplies. You can advertise your baked goods on Facebook groups or by putting up flyers at school or uni.
If you’ve got a car or bike! you can offer to drop round your products in your local student area, or sell door to door. Some schools and unis will let you set up a bake sale on their grounds! although this is usually reserved for charities. If you start making a profit, you can consider paying for a stall at local farmers’ markets and fates.
Talented bakers can charge higher rates for custom made goods, such as premium birthday cakes or wedding cakes.
13. DJ FOR PARTIES AND EVENTS
With more and more young people getting into techno and house music, students are increasingly turning their hand to DJing. Disc jockeys are in high demand for local student nights! house parties or more formal events like weddings and big parties.
If you’ve got some good music playlists, your own mixing deck, or some high-quality speakers, you can charge your friends and peers to play at their events. Start your marketing by word-of-mouth and reach out to friends and family over Facebook and Instagram. Once you gain experience, you can partner with venues and events companies who need disc jockeys for bigger events.
14. SET UP AN EVENTS AND PARTY PLANNING BUSINESS
Eat, sleep, rave, repeat… the typical student knows how to party! If that sounds familiar to you, consider turning your party knowledge into a business. You’ll need excellent organizational skills and plenty of contacts.
For most parties and events, the planners will be responsible for the venue, food and drink, music, and decoration. Try and build up a good relationship with any suppliers you use, as you might be able to strike up a deal with them to get a discount on party supplies or decorations.
This is a business that you can quickly market through word of mouth referrals. Spread the word to your friends and acquaintances by posting on social media. You can also drop flyers round to your neighbors.
Even the most basic trim can cost upwards of £30 at a professional salon. For a more ambitious style or at a higher-end salon, it can be triple this figure. If you’re brave enough, why not earn some cash by cutting your mates’ hair for a third of the price?
You can invest in a decent pair of hair scissors for as little as £10. To learn the basics, you can find hundreds of video tutorials on YouTube. Start by offering to cut your friends’ hair and if you get good results! branch out to friends of friends or put up an ad on Facebook! or stick up a flyer in university halls of residence. Start with basic cuts and if you want to experiment with trickier styles! consider offering the haircut for free to give it a go before you start charging.
Take before and after pictures of all your customers. If you get good, you can start an Instagram page showing your results to grow your business.
WHAT IS FOOD VOILA ALL ABOUT?
Featuring a wide range of cuisines from Indian to Italian. We also bring you food from a rich selection of local Beninese and Nigerian restaurants in Cotonou.
Customers can browse by Menu or Restaurants in Cotonou and have their meals delivered at work or home; they can also arrange to have their meals ready for pickup.
WANT YOUR RESTAURANT FEATURED ON FOOD VIOLA WEBSITE?
Getting your restaurant listed on food Voila is a huge avenue to reach out to many customers.
As a restaurant owner, you can add your restaurant to the list by signing up at no cost.
The online food-delivery platform is expanding choice and convenience, allowing customers to order from a wider array of restaurants in the Benin Republic with a single tap of your mobile phone. SIGN UP AS A MEMBER TODAY
But still, you may ask yourself: “Can’t we just be online without online ordering?” Well yes, yes you can. But then you’d be missing out on this huge cash-cow opportunity.
And why should you let it slip through your fingers?