“The only thing worse than starting something and failing is not starting something.”
The importance of entrepreneurship in a growing economy has grown significantly. In a time when the Covid-19 pandemic brought the whole world to its knee, the rise in startups has been refreshing and rejuvenating. Entrepreneurs worldwide have been instrumental in generating new jobs with their startups when unemployment was at its peak. Furthermore, the impact of the recent success of some startups has sparked a change in perception within society. People no longer see entrepreneurship and startups as a waste of time; instead, they consider it an opportunity.
The importance of entrepreneurship for society is visible in its ability to improve living standards and create wealth to help drive change with innovation towards sustainable ways of living. Also, the business ideas that have taken shape in startups have further given us inspiring world leaders. But the best thing that has come out of the success of several startups and the entrepreneurial journey is the motivated students. They are getting to take over with their brilliant and innovative ideas.
When the adults were barely familiar with the word “Entrepreneur” or had ideas about a startup a decade ago, the difference with students today is astounding. Students today are familiar with both, but many of them have already become a part of a startup journey. The social media boon enhanced with the advanced technologies today has given several lucrative business ideas for students. Students can simply Google “Startup ideas for students” and start working on the one they want. However, with a plethora of startup ideas flooding the internet consistently, it can create confusion amongst students. Students can find it challenging to decide which startup idea they must select to kick start their entrepreneurial journey. Hence, here is a compiled list of successful startups and lucrative business ideas for students to begin in 2022.
Entrepreneur's guide to better thinking can allow students to come up with their own innovative and excellent business ideas. Furthermore, here are the nine ideas for students to select from and create a better future for themselves and society.
Dropshipping is a lucrative business idea where there is no need for a store to keep products you sell in stocks. Here the third-party supplier, you work in tandem to sell product to customer work as the storing place for the products you sell. Furthermore, you need not even have to handle the product directly as well. It is just pure management, networking, and collaboration. So, if you want to sell a product, then perhaps you can consider dropshipping.
People with tattoos and merchandise with print are the flavor of the town. The younger generations have mainly grown green on printed merchandise such as t-shirts, mugs, phone cases, etc. It has turned the print on demand into a lucrative business idea for students to pursue as their startup. You can collaborate with artists and suppliers who are into printing designs on the product and take charge of the logistics, such as product delivery to the customer. Students can further market their business through a partnership with Instagram influencers. Also, one of the easiest ways to start this business is simply by setting up a Shopify store.
Is there a chef hiding inside you? Now is a great time to unleash it and check its potential through home-based food catering. The best thing about this business idea is the investment. The investment here is flexible depending upon the size of the set-up you want to establish. You can start with a decent investment and pick your neighbors as your first customer. Furthermore, you can even build a website and join hands with similar platforms to offer home delivery services.
Online tutoring is another lucrative business idea for students to pursue with the educational app growing in demand. Ever since the Covid-19 impacted the traditional forms of education, online tutoring has seen increased demand and achieved growth. Hence, if you are an expert in any subject and have the drive to teach, you can opt for online tutoring. You can use skype or Zoom to take classes. Furthermore, you can join in-demand online tutoring sites in your region and start your online tutoring business.
With the internet presence critically crucial for every business to flourish, the demand for the content writer has become more than ever. Besides, content writing has forever been a significant part-time or full-time job. Also, nowadays the startups are keen on working with freelance content writers to develop and write content to promote their products and website. Also, content writing is an ideal space where you can quote your price and select the clients you want to continue working with for a long time.
Meals-to-go is more like the bigger version of home-based food catering. The significant difference is the investment which is considerably higher to set up a meals-to-go business platform. To run this business, you will have to offer a variety of cuisine options. Also, you can sell food across neighborhoods, cities, and even your state. All it requires is a rented kitchen equipped with all the essential supplies and resources.
Email marketing is another great startup idea for students who excel in email writing. Email remains one of the primary and effective marketing tools used by both small businesses and large tech giants. To pursue this business idea, students can join platforms like Upwork and PaperPerHour to seek clients. Since it is a niche marketing strategy, you can start your email marketing at a lower cost, and once you demonstrate your skills to entice recipients, you can gradually quote a higher price to grow in this field.
Today, the world has become so busy that everyone, from solo entrepreneurs to big organizations, relies on virtual assistants to manage their business activities daily. If you visit several websites, you might notice that many have a virtual assistant pop-up to guide you through the website. Likewise, several virtual assistant apps allow people to manage their time daily. It’s a proven business model where students can list themselves on FreeUp, Virtual Assistant Jobs, and PeoplePerHour to land their first clients.
With social media spaces allowing people to take their business worldwide, multilingualism is a huge bonus today. It can enable a company to collaborate and negotiate better with clients who may not be familiar with a universal language, i.e., English. Besides, you can use your skill to work as an independent translator too.
We at OpenGrowth Academy aim to convert your idea into a full-fledged business. We are a next-gen platform to nurture your dreams into reality. Your views are valuable to us. Visit us to know more about the OpenGrowth Academy programs, sessions, and events.
*Note: The content published above was made in collaboration with our members.
A lone wolf by definition, a writer by heart, and a lost star with ambitions to light up the dark both inside and around me, sometimes by immersing myself into books or video games or traveling with a backpack to an uncertain destination believing that life is all about the choices we make and we don't.