70% – that’s the percentage of college students stressed about their finances, with a survey finding that 7 out of 10 college students feel stressed about their financial status.
A majority of college students, just like you, go to school every day, not knowing how they are going to pay their expenses. They wonder where they will get some cash to be able to survive in college and not become broke. Fortunately, there are a lot of different ways a college student can avoid being broke by utilizing some Business Ideas for College Students.
Lots of students face the same financial problems, but it doesn’t have to be so with these business ideas at your disposal. So without further ado, here’s a list of the best small business ideas that a college student can start implementing today.
1. Sell Your Old and Used Textbooks
The textbooks from that last semester or course don’t have to build dust in the closet anymore. Take them out and go sell them either offline or online. You can use sites like Chegg Books, Cash4Books, BookScouter, and Student 2 Student, just to name a few. You can sell them for $5-$45, depending on the type of textbook. If you have a pile load of textbooks, you can have a decent amount of cash.
2. Sell Furniture on Craigslist
There are many ads on Craigslist of people wanting to get rid of their furniture from tables to couches. You can get such items at a low price of $25-80. For example, you get a coffee table for $25 and sell it for $50 or more. You’ll get a profit and have more cash in your pocket. But to get this profit or make any money here you have to ensure that the furniture is in good condition and make necessary repairs. With furniture being one of the most clicked items on Craigslist, it won’t be a surprise to make $100-$300 weekly. With these, a college student won’t have to worry about money.
3. Become a Driver for Uber or Lyft
Driving for these rideshare services will put some money in your pocket, and it’s an absolute favorite for college students. According to Uber, “its drivers around the world complete 15 million Uber rides per day with the US having 40 million rides per month. Also, New York City has the highest earning for Uber drivers while, on average, an Uber driver earns $364 per month.” As for Lyft, “its drivers averaged around $25.73 per hour and $377 per month in the US.” Most drivers use both ridesharing services to maximize their earnings. You can use this service and be able to cope with college life.
4. Tutor Other Students
Each student is good at a certain subject, whether its arithmetic or history. What you know well can make you good money. If you’re good in history, but another student struggles with it. That struggling student would be happy and willing to pay someone to get help.
5. Become an English Teacher Online
If you are a native English speaker, many people would love to learn how to speak fluent English. Most of these sites require you to have a bachelor’s degree or are currently enrolled in college, and it doesn’t have to be necessarily in teaching. You’ll be working with students from China and Europe, where you’ll be making $10-$23 per hour. Some of the most popular online sites are VIPKID, Cambly, and EnglishHunt.
6. Become a Transcriber
Here you’ll be writing down what someone else is saying either from an audio or video recording. This is a fairly easy job and an ideal one for a college student.
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7. Start an iPhone Screen Repair Shop
With an iPhone repair kit, you can start this business. Even if you don’t know how to do it, all you need is to watch a video from YouTube, and by 10 minutes, you can start replacing iPhone screens. The market is there because as long as people keep breaking their smartphone screens, they will need someone to repair it. Most iPhone screen repair shops charge from $80, so if you do a minimum of 10 iPhones in a week, that’s $800. You can easily start today by learning from YouTube, and you can even do this from your dorm room. Just put the word out that you can replace the iPhone screen.
8. Become a Groundskeeper
Here you’ll be keeping people’s properties clean by doing things like picking up the trash, mowing the lawn, and blowing leaves. You can work in a parking lot, golf course, and some of the tools you’ll need are a bucket and a trash grabber. Your market will be any property that’s dirty, and most groundskeepers charge $50 an hour. But most groundskeepers work at night; therefore, as a college student, you’ll need to organize your time. For example, if you have a science assignment due, you can check “I need help with my science homework” online, and you’ll save some time to start groundskeeping.
9. Become a Website Builder
Every business today needs a website, but many don’t know how to build one, and they would be happy to pay someone to solve their problem. All these businesses want a basic website; therefore, it does not have to be anything fancy. First, knowing WordPress is a must, and you can even reach out to local businesses first. Most web designers charge $1,000 as a start, and you can increase your price as you gain more clients and experience.
10. Be a Copywriter
Copywriting is where you write a text that will be used by businesses in their advertisements and can be found on websites, brochures, and emails. A copywriter’s role is in persuading the reader to take action, which can be purchasing a product or subscribing to a service. A student can easily learn how to Copywrite from the internet, and various books are available to learn from. You can earn anywhere from $21-$60 per hour.
You don’t have to quit college to do all of these business ideas; you can do it from your dorm room or even classroom. Also, remember to apply due diligence with the idea you have chosen and do more research on the different laws in that particular area. These businesses will give you freedom, and you won’t have to bug your parents and friends for college money. But as Arnold H. Glasgow said to remember that, “An idea not coupled with action will never get any bigger than the brain cell it occupied.”