10 Profitable Business Ideas for College Students 113

10 Profitable Business Ideas for College Students - letsreachsuccess.com

This is a guest post by Alice Clarke, an educator and a passionate writer at essay writing serviceShe loves hitchhiking and exploring new places for writing catching pieces.

Aside from the obvious monetary benefits of running a business during college, there are other great reasons why a student must consider a commercial endeavor.

The values you learn and the connections you create while pursuing entrepreneurship in college will be beneficial for your future career even if you fail the business.

Mark Zuckerberg started Facebook while in college. It is great to start young while your ideas are still wild and fresh and your energy is at its peak. Who knows? You might be the next Mark Zuckerberg of your generation.

All great businesses start with a single idea. If you already have an idea on what business to pursue, then go for it.

But if you still have no idea where to start, consider the following suggestions.

1. Start a blog.

Blogs can be profitable if done the right way. It is a great idea for students since it has no or low startup cost.

Do it during your free time so it won’t interrupt your studies.

You can create a blog about life as a student or something you are passionate about. Just make sure the contents you provide will be useful to your readers.

Blogging can also serve as a great outlet for stress. It provides grounds for you to learn more about yourself and those around you. It widens your horizon, perspective, and expertise.

2. Start an essay writing service.

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This is a great idea if you are good in writing. Students have plenty of written requirements and not all are good in doing them. You may provide minimal assistance, guide them in generating ideas or edit their work.

Continue honing your writing skills so that clients will continually go back. Write every essay as well as you can. If they see that your work is great, they will refer you to their acquaintances.

3. Start online English tutoring lessons for students around the world.

There are plenty of students who would like to learn English at different parts of the world. You just need a Skype account and a stable internet connection.

Promote your services on social media and other advertising sites. As your students start to grow in number, recruit your friends and deal on how you will share the earnings.

This option is best for those who are aspiring to be teachers. Teaching students from different backgrounds will test your patience and challenge your creativity as a teacher.

4. If you are a techy person, create a software or mobile app.

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I would recommend this for those who are taking up computer and technology courses. You can make a great profit if you successfully develop software like these students who made a video game.

It won’t be easy as flipping pancakes but the results will all be worth it if you try hard enough.

Fill a gap in the market. What software will students like you need but is still not available? Are there better games to play? Do you know an exciting way to twist the existing apps and games in the market?

5. Sell crafts on Etsy.

If you know how to make jewelry, gift items or decorations, start selling them on Etsy. There are plenty of options you can do especially now that yuletide season is just around the corner. You can create cards, Christmas decorations, and giveaways.

6. Give graphic arts designing services.

Are you a creative artist? Start offering your drawings for profit.

Offer illustration services to students and instructors. You may also provide designs for parties and school events. You can do actual drawings and virtual graphics. Search for part-time job offers for graphic artists on different freelancing sites.

7. Be a freelance make-up artist.

If you are passionate about make-up, turn your passion into dollars.

Provide make-up services for special events like proms and homecomings. You can also offer make-up for Halloween. Starting can be difficult so begin by offering free services to your friends. Tell them to promote it when they love the outcome.

While doing this, you can also sell make-up products.

8. Be a freelance photographer.

be a freelance photographer to start a business while in college, letsreachsuccess.com

During holidays and weekends, you can work as a photographer.

Build your online portfolio and personal brand so people can see your work. You can also take pictures during special events in school then sell with corresponding charges. Or sell pictures to websites which buy pictures of different objects.

9. Sell personalized gift items like flower bouquets, cards, and cupcakes.

With all the resources across the web, almost any skill can be learned online.

Sharpen skills like flower arrangement, card making and baking so that you can venture into it. Start offering your services to your roommates and classmates.

Post the pictures of your finished products on different social media sites to gain more clients.

10. Be a social media manager.

Are you spending plenty of time on Facebook, Twitter, and Instagram? Use your time on social media productively by being a social media manager. These are the skills you need to learn if you want to be one.

College fees are expensive and career competition is tighter than ever. Starting up a business does not only help with your college expenses but it also provides the experience that will give you edge in this very competitive world.

It would be best to choose a business related to the course you are taking. This way, you can apply the principles you learn in school, vice versa.

See also:

10 Jobs You Can Start on The Side
7 Reasons to Start a Business While in College
Startup Ideas for Less Than $100

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The Five Elements of Flawless Customer Experience 11

The Five Elements of Flawless Customer Experience

Providing a flawless customer experience is the ultimate goal for any business.

There’s a lot that goes into creating a customer experience that keeps your clients coming back for more. In fact, there’s so much involved that it can almost seem overwhelming.

However, providing a flawless customer experience becomes much easier when you approach the task through these five distinct elements:

Time
Understanding
Ownership of Emotions
The Unexpected
Follow-Through

Time

When it comes to your customers’ satisfaction, time is essential. Think of how a great experience at a new restaurant quickly sours if you’re left waiting for your food to arrive. Think of how your excitement over a great department store sale turns into frustration as you stand in line for what seems like hours.

Time is your most valuable resource and it is up to you to make sure you’re using your customers’ time wisely.

This is why restaurants have comfortable waiting areas with drinks and appetizers, or why airports have lounges with restaurants, shops, and even bars.

If your customers are being forced to wait for a service, make them feel as if their time spent is not wasted. The more positive drivers you offer customers, the less likely they are to grow dissatisfied with their experience.

Think of how you can implement this in your own business. Are there places where you can help fill customers’ time? Are there places where technology can be used to cut down on the time it takes to complete a task? Remember, it’s the customers’ time that should be valued, not your own.

Understanding

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You must understand what your customers want, when they want it, and how.

While this may seem daunting, getting a better understanding of your customers doesn’t take millions of dollars, complex data analytics, and a degree in psychology. Instead, all it takes is a simple look. Watch their process, engage with them, ask them questions, and listen to them.  

How are customers interacting with your product? What’s the first thing they do when they enter your store? What’s the last thing they do before they leave? How long are they spending in each department? Do you notice anything that hampers their experience?

Take a look at your competitors. How are your potential customers interacting with them? What does this business offer that you don’t or vice versa? What is your, as Harvard Business School professor Clayton M. Christensen says, “job to be done?” What are your customers hiring your product or service to accomplish? Understand why your users are turning to your products.

Ownership of Emotions

Many companies have already taken hold of their customers’ emotions, though cynically. Subliminal advertising is a key example. However, the ownership of emotions does not have to be cynical. When used correctly, it can be the “holy grail” for companies.

Owning emotions begins with the aforementioned ability to understand. When you truly understand a customer’s choices and then act to make the experience better, you’re building a relationship of trust. That trust is the foundation of emotional ownership.

One way to build this trust is to reduce the “emotional” noise that surrounds your customers. Let them know that, even on their worst day, your business or product is there for them and that it will be a constant in their lives.

Think of restaurants and the long wait times you have to endure when they’re busy. Think of how angry—or “hangry”—you feel as you stand around, waiting for your table, and listening to your stomach growl. However, think of how some restaurants are able to reduce that emotional noise by serving you finger foods and drinks as you wait.

Also, seek to understand what emotionally motivates your customers.

Why should they be motivated to visit your store or use your product? To feel confident? Free? Unique? Secure? Successful? Research shows that all human beings are motivated by one of those factors.

The Unexpected

Experiences become stronger and more memorable when they’re accompanied by an element of surprise. Surprise can be addictive, which will only keep your customers coming back for more.

Think about mailing your customers or clients small packages with gifts and swag. Everyone loves to get mail and everyone loves free stuff, especially when it’s least expected.

A surprise doesn’t have to be a huge flash mob (though it could be!). Hand out snacks at your store. Is it a cold day? Give your customers hot chocolate or warm punch. Is it a client’s birthday? Send a card! Even a small note of thanks for a customer’s business is a nice little surprise.

The most important thing to remember: simply be sincere and don’t become predictable. Chocolates on hotel pillows were once a great surprise for guests. However, now that their wow-factor has faded, hotels are continuously trying to get back to the “unexpected.”

Follow-Through

You’ve made promises and established goals. The only thing that’s left is to follow through on them. This starts with creating your mission statement, one that you, your employees, and your customers can commit to it. This will define your customer experience.

Your mission statement must promise to impact yourself/your business, the community, or the world. It may commit to impacting one, or all three. However, whatever it promises, you must follow through on. Your customers’ trust, and thus their experience, depends on it.

More about these five elements can be discovered in Unforgettable: Designing Customer Experiences that Stick, to be published in 2018.

***
Kyle H. David has made a career in technology and entrepreneurship for nearly 20 years. In 2001, he formed The Kyle David Group, now KDG. Over the past 16 years, KDG has grown at a rapid pace, attracting clients ranging from the United States Senate to major financial institutions, international nonprofits, and Division I universities.