What kind of business should you start?
As a student, it's important you choose the kind of business you
run carefully. You'll need to be able to fit it in with your
studies and, while we wish it were different, it's unlikely bank
managers or investors will take your idea seriously before you
graduate.
Kindly to remind you that make sure you can handle it with your study. Otherwise, you will not be able to balance between studies and doing business.
Try these:
- Promotions
If you like music, running a club night is a great way to make
money: because you can often hire venues for free, as long as your
punters spend an agreed amount at the bar, your overheads are low
and because budding bands are usually so keen to get any exposure
they possibly can, they'll sometimes accept a crate of beer and a
promise of a repeat booking as payment. Just make sure you're good
at marketing: you'll need to leverage your best social media and
flyering skills to get the word out. Check out our
sales and marketing section
for more advice.
From dancing to writing to coding, if you're good at something,
you'll be able to freelance. Freelancing is flexible - you can do
as much or as little work as you need to do, cutting down during
exam time and building up more during the holidays. Take a look at
FreelanceStudents.co.uk
for opportunities.
eBay is the ultimate online marketplace. While it can be tough,
and there's a lot to learn about earning a living on it, if you get
it right, there's no limit to the amount of money you can make. And
you don't even need storage space for your products - see our
drop shipping guide to drop shipping for more information. If
you hand-make your products, have a look at
Etsy too.
As a student, you have an advantage over 9-to-5 workers because
you get to see daylight on a regular basis. This means you're
perfect to do those odd jobs people don't get around to during the
weekend - whether it's cleaning, DIY or dog walking.
The fact you are studying means you are an expert in one subject.
Use your expertise to teach the next generation. It isn't just GCSE
students who need tutoring: this is a chance to put that Grade
Eight violin or modern dance certificate to use.
Websites are the ultimate student business: they cost very little
to start, can be run from your bedroom and, because you're at
university, if you don't have the skills to design the site, you
probably know someone who does. There's a lot to learn about
starting a web business, but if you get it right, success could be
just around the corner. Smarta has loads of content about the tech
sector
here.
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