Depending on what you’re studying, you might be able to build a low-cost business around your studies. You just have to make sure that you fully understand each topic that you will have to teach in order to turn this idea into a profitable venture. You could also turn your attention to teaching your fellow students about topics of importance that fall under your area of expertise. For example, if you’re majoring in economics, why not set up a tutoring session where you can help your fellow students understand private student loans, mortgages, government regulation of business and capital budgeting? Everyone needs to know about loan repayments and how money works. If you’re studying to be a chef, why not take your love for food and share it with your classmates? Rent a kitchen and charge a small fee to those that would be interested in learning how to make your favorite dishes. You get to do what you love and make money in the process.
Depending on your skills, you might want to look into whether or not you could build a realistic business around freelancing. Freelancers cover a variety of different areas, from web development and writing to social media marketing and search engine optimization. If you don’t have a relevant skillset just yet, you might want to think about doing a few free courses online.
Do you have a good DSLR camera lying around? If you do, it might be worth spreading news that you’re looking for a few photography gigs. As long as you have examples of your work, you can start convincing people to pay you to take their photographs. If you don’t have an area that you can use to take photographs, you might have to start with street photography or on-location photography. Build up a portfolio and use that to get paying laying customers. Also, to make your side hustle even more profitable, invest in good editing software to enhance your images.
If you’re willing to do the work, you could potentially build a low-cost business around marketing. Marketing is easy, as long as you know what you’re doing. You have to be able to take a product or service and draw attention to it. Companies who are looking for marketing specialists often advertise remote vacancies online. You can find them on blogs, on standard job sites and on platforms like LinkedIn and Facebook.
Social Media Management
Are you a social media specialist? Do you know how to get people to look at the content that you post? Can you get them to interact with it? If you answered yes to all of those questions, you can start a business around social media management without spending any money. When you’re offering these services, you can approach companies or you can build a profile that makes them approach you.