Running your own enterprise while still being in college can have a plethora of benefits. Nevertheless, there is one big problem that can get in your way. It is the lack of investment for starting your own venture. In this article, we will share with you some business ideas that are great but, at the same time, require zero or nearly zero investment.
Do you need higher education to start a business venture? Not always, but if you’re already in the process of getting a degree, there might be no time for business ideas. Often as a student, you have plenty of stuff going on every day. Lectures, extracurricular activities, tons of homework, and don’t forget about personal life—all these things can leave you with literally no free time for doing a business. However, if you find for yourself a reliable essay writer, you can solve several issues at the paper writing service EssayPro. By delegating your assignments to professionals, you will get more free time for doing what you have to do without compromising your academic success.
What else can help you?
1. Start a Blog
In today’s world, one of the most obvious business models with zero investment is for sure blogging. With the help of the Internet, pretty much anyone can get out there to start sharing his stories or ideas. Best part? It is free to start, and it can be monetized rather quickly and easily.
Thus, if you are keen on writing and have something to tell a large audience—go ahead and try! Create your own blog and develop it by posting lots of engaging and high-quality content. And, once your audience is big enough, convert it into a source of income through advertising.
What is more, blogging has one more benefit for aspiring entrepreneurs. If you manage to build a large audience, it can be an excellent grounding for pitching your own products or services in the future. So, give it a shot.
2. Take Your Chance on YouTube
Another cool idea for a business with no funding is YouTube. The idea is pretty much the same as with blogging. The only difference is that instead of delivering your story in a written format, you will need to share it in the video format. Thus, if you are not very good at writing, this can be a good alternative.
Just like a regular blog, your YouTube channel can be monetized. If your channel is big enough and interesting, you can generate high income by selling ads. And, once again, it will also give you the possibility to develop your personal brand and build a loyal army of fans who will be willing to buy from you in the future.
3. Launch a PR Agency
If you want to build a successful business with no investment and relying mostly on yourself alone, engaging in PR, marketing, or SMM would be a good opportunity to get started. It doesn’t take much to launch a PR agency. Basically, all you need is to have a good understanding of this craft and find your first customer.
The biggest reason why this option is great for students is that most of them are social media and web natives by default. That is, you should already know everything about trends and best practices of marketing on the web. Then why not turn it into your successful venture?
4. Publish a Book
The next business idea you can consider for yourself is self-publishing. Today, thanks to such platforms as Amazon, pretty much anyone can create and publish a book at literally no cost. There is no age limit as well as no fees for self-publishing. And, at the same time, this option gives you an opportunity to earn a regular royalty from the sales of your book.
What else is there for you? If you choose Amazon Kindle as the platform for publishing your book, the good news is that you can publish as many masterpieces as you wish. Respectively, the more books you will have on your bookshelf, the more royalty you can receive! Sounds like a perfect opportunity, doesn’t it?
5. Try Freelancing
This next option is also worth considering if you want to start making money ASAP. Some may disagree with the fact that freelancing can actually be considered a form of business. But it can. It enables you to be your own boss and dictate your own terms of collaboration with your customers. And, needless to say, it can bring you a stable income.
Today, there are plenty of platforms that you can use for the start. To name a few, you can try to sell your services on Fiverr, Upwork, Freelancer, etc.
The best part of this idea is that it doesn’t require any initial capital. All you need is a laptop and an Internet connection, and you will be good to go. And the best part is that this option will give you all the freedom to combine your venture with studies and other things.
6. Sell Stuff
Lastly, another excellent opportunity for young entrepreneurs is engaging in sales. That’s right, just that simple!
With a wide range of e-commerce platforms like Amazon and eBay, anyone can get out there, start selling products, and turn it into a profitable business. Basically, all you need for this is a good sense of trends and in-demand products.
Okay, but how can you possibly sell items not having previously bought them with your own money? Here comes the best part—to get started, you won’t even need to invest in lots of items. Instead, you can try the dropshipping model. In this model, you basically play the role of a connecting link between a large store or manufacturer and the end buyer. You will be responsible for collecting the orders and arranging shipping without storing actual items.
The Bottom Line
So, now you have six great business ideas that you can start implementing right now. Then what are you waiting for?
Each of these opportunities is time-tested and proven to be effective. At the same time, none of them requires an initial investment. So, don’t wait anymore, pick an option that suits you, and take a shot!