There are some profitable business ideas you can execute as a student which will not affect your studies, rather it will improve your entrepreneurial skills and be a source of income to you.
It is all to your benefits if you can think of a way to generate more money for yourself instead of relying solely on your parents or boyfriend for ladies who can’t reason beyond feasting on men. There are many things you will learn along the way since it will be a learning curve for you that will prepare you for life after the University.
You shouldn’t forget that schooling is to prepare you for life, and executing profitable business ideas while in school can be an avenue to practice those things you have learned in school.
I compiled the list below amongst many ideas to give students a clue on profitable business ideas they can start with.
I intentional put blogging first because it is very simple to start and requires small capital. Blogging is like a diary where you can input your thoughts, views, creativity, uniqueness, and what you are passionate about. It is one of the great ways to convert your passion into money.
What you need to start the business is a laptop (or a good browsing phone), a platform (Blogspot, WordPress, etc.), a domain name (name.com, name .com.ng, etc), monthly subscription, etc. The major thing you need is a laptop or a good browsing phone, every other thing is easy to get. I recommend a Blogspot platform for students because it doesn’t require you to pay any money to host your blog. And to get a domain name, you just need a small amount (#1200 depending on the extension you want to use).
- Private Tutor
While I was an undergraduate I discovered that some of our lecturers do employ students to take their children for private lessons. And this service doesn’t go for free because they do pay them a fairly good amount of money depending on your bargaining power.
Now to where the business idea comes in, some students have taken it upon themselves to source for lecturers or parents outside the school that need private tutors for the children. They will be the one to bargain for the salary which will include their own commission and provide the tutor.
Some of them have even started educational centers where they prepare students for WAEC and JAMB.
- Selling ready-made materials
This is one of the profitable business ideas any student can venture into. It requires a small capital and its ROI (Return on Investment) is high. What you need to do is to go to places where they sell in bulk at a cheaper price and select ready-made materials that your colleagues and friends will love to buy.
One of the reasons why I love this business for students is because customers are already available; so far you are a friendly type on campus and in your hostels and have a good human relation, you will make good sales.
- Fashion business
You can start making clothes, shoes, make-ups, making beads and jewelry, etc. for your friends and colleagues on campus. Experts in fashion are in high demand among female students, because of different activities on campuses which they will need to attend and appear good.
What you need is to get the necessary instruments and have knowledge of it, you are good to go.
Like selling ready-made materials, there is no problem of patronage because University environment is a big market.
- Fishing business
This is a business I have ventured into and it cost me less than #15,000 to get the fish to maturity. I bought a big bowl which cost #5,000 as at then, bought one hundred fingerlings, and the total cost of feeds bought was not up to #7,000 till maturity.
Selling the fish when they are mature is very easy because you already have the market. You can even smoke it and package it for it to look more saleable among students and outside the school environment.
- Helping fellow students with their final year projects
Some students are lazy; they can’t source for materials for their projects and even get project topics are a difficult task for them. You can take advantage of their laziness and start making money by helping them out.
This is another wonderful business idea you can execute as a student. We are now in the era of digital photo shoot, everybody wants a digitalized photo for their Facebook profile, Instagram, twitter, whatsapp, birthday pics, etc. So a lot of students will like to patronise someone who knows how to give them a good shoot. If you can render a good service, you will definitely make a good money.