10 BUSINESSES ANY STUDENT CAN START
1. Coaching
Teach people a new skill. Weather it’s a profitable skill, a time saving skill or anything that can improve someones life then you can sell it. To decide if your skill is worth coaching is too look at the effect knowing that skill is on the person, if it’s a skill that is directly related to making money it is easy to market “Learn how to make $100/hour” And charge someone $500 and they will directly see the value and pay back the cost in 5 hours. The other 2 things you can sell is time and also tap into the emotions. For time you need to include the time you can save someone ” 55 minutes a day ” and quote time so people can directly link that back to the value.
2. Ebooks
This is very similar to coaching except is much more scalable and is less time consuming allowing you to put more time into selling and marketing. An ebook can be on anything you want as long as it’s something someone else will want to know. Try target very small niche markets as it should get you better returns for advertising and allows you to narrow down your content. Ebooks should be alot cheaper than coaching and personally i charge between $10-$20.
This is very similar to coaching except is much more scalable and is less time consuming allowing you to put more time into selling and marketing. An ebook can be on anything you want as long as it’s something someone else will want to know. Try target very small niche markets as it should get you better returns for advertising and allows you to narrow down your content. Ebooks should be alot cheaper than coaching and personally i charge between $10-$20.
3. Affiliate Marketing
Affiliate marketing is one of the best and most popular ways people make money online. Not only on instagram but also facebook, bloggers, youtubers, email marketers and ANYONE on the internet can do it! Basically the way to do this is to set up an “area” in which you supply content on a specific niche of yours, I recommend you use either an email list, a blog or an instagram to do this. What you do is you then go to click bank and find an affiliate product to promote, you’ll be given your own link in which you insert into your blog or instagram and then every time someone buys the product you get paid! The key to doing this is to have a very specific niche and promote very specific products to your audience. This will get you more sales and new clients.
Affiliate marketing is one of the best and most popular ways people make money online. Not only on instagram but also facebook, bloggers, youtubers, email marketers and ANYONE on the internet can do it! Basically the way to do this is to set up an “area” in which you supply content on a specific niche of yours, I recommend you use either an email list, a blog or an instagram to do this. What you do is you then go to click bank and find an affiliate product to promote, you’ll be given your own link in which you insert into your blog or instagram and then every time someone buys the product you get paid! The key to doing this is to have a very specific niche and promote very specific products to your audience. This will get you more sales and new clients.
4. Instagram/twitter/Facebook
Becoming a social influencer is becoming more and more popular these days and is actually a very good business. I personally started on instagram and can make a solid 4 figure income per month from the platform from having 200,000 followers. You get paid from this by featuring brands in your niche, once again you need to have a specific niche and target specific brands. Build your following and then promote relevant brands in return for a fee, also you can monetise with affiliate links as shown above.
Becoming a social influencer is becoming more and more popular these days and is actually a very good business. I personally started on instagram and can make a solid 4 figure income per month from the platform from having 200,000 followers. You get paid from this by featuring brands in your niche, once again you need to have a specific niche and target specific brands. Build your following and then promote relevant brands in return for a fee, also you can monetise with affiliate links as shown above.
5. Blogging/Youtube
Blogging and youtube are very similar to becoming a social influence. The main difference being that you are paid an automatic rate per page view rather than only when someone purchases ads. This is due to adsense, which is the main way someone will monetise a blog or youtube. They place an ad spot on their page and every time an ad is displayed they get paid a small amount and then when an ad is clicked they get paid even more. It’s a very small amount however when you start getting thousands of clicks a month this can really add up. To get started with blogging simply build a basic, cheap website and then start writing content while learning how to drive traffic. For youtube you just need to create an account and upload niche targeted videos and also learn how to build the page and become a youtube sensation!
Blogging and youtube are very similar to becoming a social influence. The main difference being that you are paid an automatic rate per page view rather than only when someone purchases ads. This is due to adsense, which is the main way someone will monetise a blog or youtube. They place an ad spot on their page and every time an ad is displayed they get paid a small amount and then when an ad is clicked they get paid even more. It’s a very small amount however when you start getting thousands of clicks a month this can really add up. To get started with blogging simply build a basic, cheap website and then start writing content while learning how to drive traffic. For youtube you just need to create an account and upload niche targeted videos and also learn how to build the page and become a youtube sensation!
6. Drop Shipping
Drop shipping is one of the best ways known to sell products without the hassle of storage, shipping and all the other hassles associated from a physical good. Perfect for a college student and can be run from your dorm room! Drop shipping basically is when you build the website and brand and find a supplier to manufacture your good. Then instead of you pre purchasing the product and on selling it you make your sales and then at the end of the day/week/month depending on demand and you email out the address, this ofcourse lowers your profit margin but also allows you to lower the starting risk of a business when you are unsure of starting sales. You can start a business like this first by finding someone to manufacture and distribute the product and then build a site around it.
Drop shipping is one of the best ways known to sell products without the hassle of storage, shipping and all the other hassles associated from a physical good. Perfect for a college student and can be run from your dorm room! Drop shipping basically is when you build the website and brand and find a supplier to manufacture your good. Then instead of you pre purchasing the product and on selling it you make your sales and then at the end of the day/week/month depending on demand and you email out the address, this ofcourse lowers your profit margin but also allows you to lower the starting risk of a business when you are unsure of starting sales. You can start a business like this first by finding someone to manufacture and distribute the product and then build a site around it.
7. Freelancing
Have you ever wondered why your firm charges you out at $100 an hour yet only pays you $25/hour? Its there profit margin, and the old way of business. Now with freelancing you basically go direct to the customer. For example instead of the client paying $100 for your services you charge them $65 an hour. This saves them $35 per hour and you gain an extra $40 per hour! Basically tripling your hourly wage! You can do this online seeking out clients looking for a better deal
Have you ever wondered why your firm charges you out at $100 an hour yet only pays you $25/hour? Its there profit margin, and the old way of business. Now with freelancing you basically go direct to the customer. For example instead of the client paying $100 for your services you charge them $65 an hour. This saves them $35 per hour and you gain an extra $40 per hour! Basically tripling your hourly wage! You can do this online seeking out clients looking for a better deal
8. Ebay Buy And Sell
This is a very self explanatory business. Buy cheap items on ebay and re sell them for more. Whether you want to add to the product to increase value, add better packaging or market the product better for more returns. All you need to do is buy low, sell high!
This is a very self explanatory business. Buy cheap items on ebay and re sell them for more. Whether you want to add to the product to increase value, add better packaging or market the product better for more returns. All you need to do is buy low, sell high!
9. Virtual Assistant
With many businesses being purely online a virtual assistant is becoming a very popular job. It’s just like being an assistant for someone, you might proofread, organise meetings, prepare presentations, summarize notes or even do things such as coding or blog posts however the best part is you can do it anywhere at any time. This means you are able to fit in your assistant job around your study timetable or even other jobs so you can make that extra side income to put towards your dreams.
With many businesses being purely online a virtual assistant is becoming a very popular job. It’s just like being an assistant for someone, you might proofread, organise meetings, prepare presentations, summarize notes or even do things such as coding or blog posts however the best part is you can do it anywhere at any time. This means you are able to fit in your assistant job around your study timetable or even other jobs so you can make that extra side income to put towards your dreams.
10. Consumer Response ( Website and survey reviews )
Customer response is a new industry. Ever seen an ad on facebook about $5 surveys? Thats customer responses! Basically brands need to test there products before launching it to the public, so they pay you in either gift cards, discounts or cash to check out the site and review it, or maybe answer a survey. Usually you won’t be directly contacted by a big brand to do so. To get these options sign up to a few popular sites and receive surveys of your interest. To get started google some good companies.
Customer response is a new industry. Ever seen an ad on facebook about $5 surveys? Thats customer responses! Basically brands need to test there products before launching it to the public, so they pay you in either gift cards, discounts or cash to check out the site and review it, or maybe answer a survey. Usually you won’t be directly contacted by a big brand to do so. To get these options sign up to a few popular sites and receive surveys of your interest. To get started google some good companies.
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