There is nothing more important to a student than academic success. But unfortunately, the bills don’t pay themselves. So, finding the means to support yourself is usually a never-ending quest.
Of course, you can find a job and earn money. However, there is a good chance that in this case, you will have almost no time left for your studies, even if it is only a part-time job.
It’s not like there’s no way to fix this, too. Busy students who don’t have time to write term papers know they can always hire professionals EssayWritingService essay writers and get help. But with a demanding job, even that might not be enough.
So, is there a way to secure an income while not completely neglecting your studies at the same time? Sure! For example, you can work flexible hours at a fast food cafe. But we have a better idea: start your own business. A micro-enterprise.
What is micro-enterprise?
In case you’re not sure what a micro business is: it’s the smallest of all small businesses. In figures, micro-enterprises generally meet the following criteria:
- have less than 10 employees (usually 1 to 5);
- require less than $50,000 of investment;
- earn less than $250,000 a year.
Of course, numbers may vary. But the basic idea is that you can start a micro-business with as few employees as possible – or without any employees except yourself – and with as little money as possible.
It’s also much easier to start a business these days. Even if you are a busy student with only one laptop and your skills at your disposal, you now have all the advantages that modern tech startups and online marketplaces offer.
Are you already convinced? Read on to discover some of our top micro business suggestions for busy college students.
6 micro-business ideas
From freelance writing to housekeeping, here’s what you can try even if you’re super busy and don’t have much money to spend.
If you have a talent or expertise that you can monetize, working as a freelancer may be the best option, as well as the easiest. Nowadays, the self-employed are considered as individual entrepreneurs, so this type of activity naturally falls under the category of micro-enterprises.
As for what exactly you can do, it mainly depends on your abilities and skills. Many students work in areas such as:
- writing, editing and proofreading;
- web and graphic design;
- social media marketing.
For example, writing services remain a staple among student companies. To get a clearer idea of what such a business should look like, check out writing services reviews. Trial reviews by NoCramming can be a great source of such information. Moreover, they can also help you choose a service for yourself in case you need it.
While it is true that the tutoring industry is largely occupied by professional teachers, there is also plenty of room for college and university students.
In fact, some students and their parents would prefer a talented student to a teacher, as the former often gets along better with children. Also, students usually charge less, which is also a plus – provided they are qualified for the job.
Sell and resell products
For those whose talents lie in craftsmanship, selling homemade products is the best option. Anything you can produce, whether it’s clothes, jewelry, soap, candles, cakes, or anything else, can now be sold through online marketplaces and social networks.
If you’re not producing anything but still selling well, try reselling products made by others on Amazon, eBay, and other similar marketplaces. However, make sure you have read all the rules and regulations beforehand.
Events is one of the most risky, but it is also one of the most dynamic. Surprisingly, it is also perfect for students. In fact, many event agencies started when their owners were still in college.
While it’s impossible to hold big events without big budgets, operating college-wide is almost risk-free because you can have the entire college infrastructure at your fingertips. It’s also easy to find your audience through student clubs and organizations.
Although blogging is generally considered a hobby, some bloggers manage to grow it and get revenue selling ads. Of course, it doesn’t normally happen overnight, but if you’re creative and entertaining, you can try to monetize your talents and become an influencer.
However, don’t expect easy money here: professional blogging is hard work. Whether you’re a writer, YouTuber, or TikToker, you need to have a lot of diverse skills – or a whole team of professionals to help you produce your content.
Sound and video production
Bloggers who are willing to outsource certain tasks often try to find the most affordable deals out there. And here’s exactly where you can fit in if you’re starting a production business offering audio and video recording and editing.
You surely won’t be able to compete with the big production companies that have loads of expensive equipment. Nevertheless, yours can also be a profitable business, provided you have the necessary technical skills and a minimum of equipment and know how to promote yourself.
I hope you managed to choose something to your liking from the suggestions listed above. If not, but you’re convinced that entrepreneurship is your thing, you can come up with your own ideas. Don’t limit your imagination to something already popular. Who knows, maybe you can find a new micro-enterprise niche!