Don’t you hate it when a blogger throws an idea out and then never goes into detail? I certainly do. Last week I covered the idea of why you should start a business in college. This week I’m actually going to dig deeper and give you some ideas to get started. I wanted you to have a few solid ideas to get the ball rolling in your mind.
What are a few business ideas worth trying in college?
Start any sort of website.
There’s a reason that advice about starting a blog is so common. It’s because it’s a great idea! The average student laughs at the idea of starting a blog because they think of celebrity gossip sites and weirdos that have nothing better to do with their time. The good news is that bloggers are not weirdos and some of them actually make tons of money writing about a topic that they love. Wouldn’t you want to make money doing something that you actually enjoy?
I highly recommend that you start any sort of website right now? Not sure where to start? You can read more about how to start a business with no money right now.
There’s huge money in textbooks, but I don’t have to tell you this because your bank account reminds you at the beginning of every semester. Every student needs textbooks. Every student looks for ways to find textbooks for cheap. Why not get in on the action?
How can you make money by being a textbook broker? Here’s my simple formula:
- Set aside some money to buy textbooks.
- Purchase textbooks from students that are desperate to sell them.
- Only purchase textbooks from popular courses. Don’t risk buying books from some obscure course.
- Advertising what textbooks you’re offering.
- Sell them at a higher price than you bought them for. The good news is that you can still have cheaper prices than the school’s textbook store and generate profit.
That’s how you can make money from selling textbooks. If you don’t want to go through the hassle you can always just setup a simple textbook exchange site and make money from advertising.
“You have four years to be irresponsible here. Relax. Work is for people with jobs. You’ll never remember class time, but you’ll remember time you wasted hanging out with your friends.” – Tom Petty
Almost every single college student loves to party. Every college student will attend at least one party in the four years of school. Why not throw a party or two? My good friend Tom made money in college by throwing parties at his place.
The process was pretty simple. Tom lived with four other friends and they would come together to throw parties in their Victorian-style rental property. The landlord didn’t mind as long as everything was cleaned up. To throw parties in college, Tom would:
- Setup a Facebook page to notify everyone of the party.
- Continue spreading the word.
- Buy kegs of beer for the party.
- Charge $10-20 to get in.
- Run the event with your friends. Ask for ID at the door and ensure that no trouble makers get in.
- Make sure everyone’s having a great time.
Throwing a party is an excellent way to meet new people in college while still making some money. Why not give it a shot?
I totally support getting into any type of tutoring possibly. You can work one-on-one with students like my friend Bohdan did, or you can setup group classes. To keep up with the theme of this post, here’s the process for getting into tutoring as a side business.
- Think of a challenging course that you excelled in.
- Put up advertising around the EXACT room that the course is offered in.
- Setup a specific email.
- Organize group sessions once a week.
- Prepare material for the students.
- Help the students crush the course.
You can easily make a $100 from a group sessions at least once a week. The hidden benefit is that the more you tutor, the more well-versed you’ll become in that specific subject.
Those are four business ideas that you NEED to at least try out once while in college. You don’t have to try out all of these ideas, but you should at the very least try out one of them. If you don’t like any of these ideas then that’s still cool because we have more ideas for unemployed college graduates. All that matters is that you actually try to make your own money with some sort of a business. Don’t be afraid to throw yourself out there!