5 Low Investment Online Businesses for Students

 

As a student, money is often a constant struggle. When your schedule changes from semester to semester, you need a flexible way to earn extra income. One easy solution is to start an online business, and there are online business opportunities that do not require much start-up capital.

The benefits of online freelancing for students

Freelancing is an excellent way for students to earn money online with no investment required. Not only does it provide extra income, but it provides valuable experience if you freelance your talent in your field of study. It is undoubtedly a resume booster once you have graduated, and it is a valuable way to get an early start on networking. Clients that are pleased with your work make excellent references on a resume and might be a good resource for job leads when you graduate.

1. Dropshipping—A third-party takes care of storage and shipping inventory to customers on your behalf, meaning you don’t have to find a way to store boxes of stock in your dorm room. You open an online store and use your social media savvy for advertising and building a customer base for your products.

To get started, decide on a theme for your store. It can be anything from custom pet products to student-life accessories. Then curate one or more suppliers for the products you wish you to sell, and you are in business. The suppliers ship the products to the third-party, so your overhead and operating costs require a minimum investment. Dropshipping is one of the easiest online businesses to start as a student.


2. Sell your skills on an online platform—Are you a talented writer, or gifted at graphic design? If so, you can find a market for your expertise on many of the platforms established to support the new gig economy. There is usually no upfront costs, and the platform takes its percentage out of your earnings, so there is no upfront investment.

There are plenty of platforms out there, but some are better than others. Do your research and read reviews from others who have used the platform. Once you have found a couple of promising platforms, join and spend time creating a stellar profile with samples of your best work.

 You will probably have to price your services on the low end to gain a few terrific reviews. Once you have a few great reviews, you can increase your rates to be competitive with others doing the same type of work. You can also use your portfolio to attract private clients. Private clients cut out the platforms, allowing you to keep more of the money you earn.

3. Open an Etsy shop—If you are talented at any form of crafting, you can make items to sell in your Etsy shop. Whether you make hand-made jewelry, paint vases, or have a gift for sketching or painting, you can sell it on Etsy. The bonus in opening an Etsy shop is that you can sell things you have already created, and managing an online business will teach you valuable skills.

4. Start a resume-writing business—As a student on campus with graduation looming for many of your peers, an online resume-writing business should generate the extra cash you need. You can use word of mouth, campus bulletin boards, and your social media network to spread the word about your business. There is no start-up investment, and preparing resumes for others will help you hone your skills for developing your resume in the future.

5. Provide online classes or tutoring sessions—Teaching or tutoring online is another way to earn money as a student. There are numerous websites where you can apply, or you can advertise and hosts your own classes. Think about all the skills you have or the classes where you have excelled. There are online opportunities to teach everything from how to use Photoshop to Calculus.

As a student, money is often a constant struggle. When your schedule changes from semester to semester, you need a flexible way to earn extra income. One easy solution is to start an online business, and there are online business opportunities that do not require much start-up capital.