10 Best Small Business Ideas For Students – With so many business ideas in 2023, it can be hard to figure out which ones are worth pursuing.
While jumping on a new trend can be risky at times, it can also be very rewarding. You may have noticed that many of the ideas on this list have become increasingly popular lately. Others have been popular for a long time, making them more competitive but less risky. However, all of the small business ideas below will help you make money.
10 Best Small Business Ideas For Students
If you have been asking yourself which business to start, this list is for you. According to small business statistics, one of the biggest motivations for opening your own business is being your own boss. Owning a business gives you the freedom to work when, where and how you want.
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Do you want to work on a beach or in your grandmother’s house? Go ahead, no one will stop or question you. This is the dream life many people hope to live one day, and thanks to some great business ideas, achieving that lifestyle is within reach.
Want to sell products online but don’t have the money to buy and store inventory? Consider dropshipping! Dropshipping is an e-commerce business model in which you don’t have to manage physical products.
All you need to do is set up an online store and partner with suppliers who are ready to store, pack and ship orders to your customers. You don’t have to spend hours on product research as you can use dropshipping apps like Automizely to find great products to sell.
To learn more about selling online without inventory, check out this Shopify dropshipping course. If you’re looking for easy online business ideas to pursue, you’d be hard-pressed to find anything that tops dropshipping. It is one of the easiest businesses to start if you have access to the right tools and resources.
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The biggest reason people often gravitate towards dropshipping is that you don’t have to keep inventory. However, if keeping inventory isn’t an issue (perhaps there’s plenty of room in that spare closet), you might want to consider buying products in bulk.
Online marketplaces like Handshake enable small business owners to find unique, high-quality products and build long-lasting relationships with suppliers. It’s worth looking into a complement to dropshipping if you already know what you want to sell.
Print on demand (POD) is when you sell your own custom designs on items such as phone cases, mugs, and t-shirts, but you don’t actually print the artwork. Instead, you work with suppliers who print your design on the product. They even package and ship the item to your customer, so you don’t have to worry about logistics. You also only pay when you have sold the products. No sales equals no costs.
One of the quickest ways to get started is to create a Shopify store and install a POD app like Printify. In terms of marketing, partnering with Instagram influencers to promote your POD items is an effective way to reach audiences. To assess whether print-on-demand is the right option for you, watch our video where we engage in a healthy discussion with Wholesale Ted (a print-on-demand company).
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Multilingual people are always in demand, so if you speak two or more languages, consider starting a small business where you can make money from those skills.
You can search for clients on Upwork and Flexjobs and slowly build your portfolio. As you work successfully with more and more companies, you can hire more translators specializing in other languages to take the work off your hands. It is also a good idea to promote your business on social media websites as it allows you to reach a larger audience.
Only have a few hours a day to spare? Translation is one of the best sidelines to pursue because it allows you to schedule your clients based on when you are available to work.
Website flipping is one of the new business ideas that has excited everyone from home-working parents to recent college graduates. It involves buying an already active website, improving its design and content, and then selling it for a profit.
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There are quite a few places where you can buy and sell websites to make a profit. For example, Shopify’s marketplace, Exchange, allows you to buy ecommerce websites that you can further improve through content marketing, SEO, and other tactics. Once your site starts generating more revenue than when you bought it, you can list it for sale on the marketplace.
If you have a talent for cooking and see it as a creative outlet, you can earn a decent income by opening a home catering business.
The initial investment depends on how big you want the setup to be. For example, if you start with smaller events that you can manage yourself, you should be able to start your business for less.
Most home caterers start by creating a website, experimenting with local food markets or joining platforms that allow cooking experts to make some profit from their culinary skills.
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It can be difficult to keep up with a furry friend, especially high-energy breeds with limited outdoor access. As a professional dog walker, you’ll help community pet owners keep their dogs happy, healthy and well exercised.
Dog walking requires no initial investment other than marketing and business liability insurance. This will protect you in case of accidents, bites or unexpected lawsuits. It’s a good idea to charge prices that reflect your insurance costs, with an average range between $30 and $60 per hour.
You can establish a presence for your dog walking business on a number of platforms, including Wag! , Rover and Care.com . Offer promotions for new customers and build a positive reputation by soliciting reviews from those you’ve worked with in the past.
One of the most successful business ideas is offering virtual assistant services. Everyone, from large corporations to self-employed entrepreneurs, needs help with the day-to-day management of their business. You can use your excellent organizational skills to take some of the burden off their shoulders.
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Of course, you get paid for the time and effort you put into answering emails, scheduling meetings, and performing other administrative tasks.
You can land your first few clients by responding to listings on platforms like FreeUp, PeoplePerHour, or Virtual Assistant Jobs. This is a proven business model as people are always looking for efficient virtual assistants.
Do you often get praise for your eye for fashion trends? Are you someone who friends and family come to for clothing advice? Personal shopping can be a business that builds on those skills.
Personal shoppers find garments for customers who don’t have time to shop for themselves. Duties include evaluating your customer’s wardrobe, visiting websites, and choosing items that suit them. There are all kinds of products in various online clothing boutiques, so you don’t necessarily need to shop offline to get this business going.
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Plus, you don’t need to have any special certification or degree to become a personal shopper. If your interest lies in low-investment business ideas, in-person shopping may be the ideal route to consider.
Contrary to popular belief, it is entirely possible to turn car detailing into a full-time business. The average car detailing profit is somewhere between $50 and $400 per vehicle, which means you can make a healthy profit if you find consistent customers.
The key to success in the automotive retail business is marketing. You should spread the word about your services through a website or social media platform and encourage regular reviews. Try offering discounts for new clients or package deals for those who commit to multiple sessions.
All you need to get started is cleaning supplies and a ramp. You may consider becoming certified through the IDA or taking a craft seminar to improve your skills.
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If you are an expert in art, math, or any other subject, you can start with online tutoring. An essential condition is having a bachelor’s degree in the subject you want to teach.
You can find online tutoring clients on sites like Skooli and Tutor.com. For best results, always teach courses related to your field of study as you can share your skills and constructive knowledge to enhance your students’ own knowledge. You can lecture and interact with your students via Zoom, making online tutoring one of the easiest online businesses to start.
Greeting cards are always in style, so if you have a good eye for design or just enjoy displaying your artwork on physical items, this is one of the best creative business ideas for you.
Before you can start looking for clients, you need to have a handful of designs ready to go. Tools like Photoshop and Canva make it easy to create custom card designs. In addition, you need to stock up on supplies needed to make greeting cards (ink, paper, etc.).
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Pro tip: If you want to keep costs down, consider buying your supplies wholesale. Once you have the inventory, you can start monetizing your business by marketing it
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