It can be said that the real lessons only begin once school ends. Real-world experience accounts for the major share of the education gradient – students often go to university to gain paper qualifications to land themselves their first job. From then on, it is up to their wits and determination to take them further.
If one comes from the above school of thought, there is a way to pursue one’s interest and gain both experience and monetary benefits from it. With a great idea and even better time management, entering the business world pre-graduation may be an invaluable lesson second to none.
With the advent of the Internet, now is as opportune a time as ever for any student to enter the entrepreneurship arena with limited capital and time. Business owners are connected to hundreds of millions of consumers through the online sphere – this number is only set to grow with Internet proliferation in developing countries scaling greater heights.
E-commerce – the buying and selling of products through the Internet – accounted for 38 billion dollars during 2013 in the United States alone. Students starting a business would be more than likely to target other consumers (c-to-c) for revenue through marketplaces such as eBay as well as craigslist. This trend is only set to rise, with mobile payments leading the innovative front, with high projected figures of up to 1 trillion dollars in volume annually by 2019.
“With incredible support and resources, a low cost of living, and your life spread out before you, right now is when you should be making the leap.” – youngstartups.com.
According to youngmoney.com, the following 5 businesses are most popular amongst students:
- Tutoring Services
Clients are easy to get – if one is good at their academic work, a school provides a great source of possible business coming from those that require academic assistance.
- Special Interest Blogging
There are hoards of bloggers that earn extra income on their own schedule. If one has a special area of interest, there may be people who would like to hear about it too.
- Assisting Other Companies to Market to Students
Many companies see the importance into catering to the somewhat unpredictable and easily- influenced student market. One can approach restaurants or brands that may be interested and take on the role of a brand ambassador.
- Selling Used Textbooks
Anyone who has been to university knows how expensive new textbooks can be. The second-hand market thrives globally as new editions of subject material often only get printed every few years.
- Becoming a Nightclub Promoter
This one makes common sense. Many students enjoy their weekly club visits – why not monetise it? Clubs are usually more than glad to gain traction through student bodies and in turn, remunerate well enough for these services.
It is common knowledge that both Facebook and Microsoft began as undergraduate pet projects. This would seem like enough impetus for students to start their own outfit during their studies. If not, there is also the fact that such experience will also provide them with the extra edge when applying for their first job – it will add to one’s resume and prepares one for the necessary human interaction skills required in the corporate and business world.