Entrepreneurship has always been a key strategy to tackling unemployment and poverty in many countries. Most students, most especially those in universities and other higher institutions always ask: “Is there any profitable business one can start with little or no capital in campus?”. The answer is YES. In fact there are tons of business that can fetch you cool money, both online and offline without affecting your academic performance. The main secret is planning. Also, there are some talents that students have that can earn them money. I will reveal some of the lucrative businesses you can do as a student in the campus.
I started searching for lucrative businesses that can fetch me money right in my pre-degree year in the university. Though it wasn’t very easy to cope with both academics and business, but with proper time planning, I succeeded. Today, I make money online from blogging and writing books. I also make money from crypto trading and stock investment. Upon all these, I never joked with my studies. You also can be independent as a student.
The first step is to spot a lucrative skill, where to learn it and how to advertize, promote and monetize it. For the first step, you start with what you can easily learn or manage that will not disturb your academics. For online businesses, your market must not necessarily be students. But for offline business, a greater percentage of your market should be students. For the second step, you can learn the skill online or offline, depending on the nature of the work. Youtube is a free online learning avenue where you can learn virtually anything for free. There are other free online learning avenues. For the advert and promotion, you can promote it first within the campus. Then for online businesses, you can utilize the social media for promotion. Once you do good business promotion and advert, the money starts flowing in. Trust me!
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You can make cool money buy using bitcoin to trade other alt coins. Here, you target when the prices of these alt coins fall and buy them, then hodl them until the prices rise. You can target a particular percentage, from 10% and above. Some alt coins can even give you more than 100% profit.
You will need some crypto trading (exchange) apps like Binance, Kucoin, Huobi, etc. All you need to do is create account on these apps, fund your bitcoin wallet and start trading. It does not require much stress. All you need is a good mobile phone or laptop, a secured and trusted exchange platform, some funds and a strong internet connection.
Do you wish to learn the in and out of Crypto trading? Check out this kindle book: How to Make Money from Crypto Trading & Investing for Beginners.
Staking is one of the passive income opportunities provided by Decentralized Finance (DeFi). It is simply the act of locking up your crypto assets (Proof of Stake tokens) in order to help secure a blockchain network, and in return, you receive periodic rewards in that same crypto token you locked up. It is a way of earning passive income from your crypto assets, that is to say, you put your idle crypto assets to work and earn passive income from them.
You can stake both cryptocurrencies and stable coins and they bring you reasonable returns in form of APY (Annual Percentage Yield). There are many ways you can stake your crypto assets. You can stake them from your personal, non-custodial wallets like Trust wallet. Also, you can also stake on online exchanges like Binance, Kucoin, etc. Lastly, you can utilize the services of some third-party staking platforms like Fragment networks, Stake capital, Stakinglab, etc. Each of these staking strategies and platforms has its own pros and cons. You can learn more about staking from this article at Coinmarketcap.
Providing Liquidity & DeFi Yield Farming
Decentralized Exchanges (DEXs) like Uniswap make use of Automatic Market Makers (AMM) in place of order books, as used by most Centralized exchanges. They make use of liquidity pools, which are collection of funds locked in a smart contracts. Anyone can deposit their assets (usually token pairs like ETH-USDT) into these pools and earn rewards from the part of the money these DEXs make from trading fees they charge users who use their platform. Once you deposit these token pairs, you will receive LP tokens which represent your share in the liquidity pool. These LP tokens can be used to redeem the initial token pair you contributed in the pool, plus extra rewards from the trading fees these DEXs charge users of their platforms. You can read this article at Coinsultra to understand how liquidity pools work. So why keep your crypto funds in your wallets while you can invest them and make huge profits?
Yield Farming is another passive income opportunity created by DeFi. It is simply the act of locking up the LP tokens you got by providing liquidity on DEXs for extra rewards. You can participate on Pancakeswap yield farm and earn up to 300% APR.
In conclusion, though there are many benefits you can enjoy in providing liquidity and yield farming, there are also risks involved. One of the biggest DeFi risks smart contract vulnerability. Hackers are always studying pools, looking for loop holes to attack or manipulate the prices of pools. Also, flash loan attacks are now on the increase. So make sure you only invest as much as you can afford to lose.
You can read more on the various ways to earn passive income from DeFi from this article.
Earning, Buying and Selling NFTs and Collectibles
NFTs (Non-Fungible Tokens) are collectible digital assets that hold value in two main forms; as cryptocurrencies and as an art. NFTs are more than just a standard crypto, in the sense that you cannot trade one NFT for another and still have exactly the same thing, unlike cryptocurrencies like Bitcoin, Ethereum, etc.
One of the main aims of NFTs is to help artists and musicians monetize their talents in the digital forms as arts, music, videos, video games, etc. For instance, instead of making brush and paint drawing, and then share it on social media, which earns you just likes and compliments, you can mint them as NFTs, sell them online and make cool money. Also, you can now play some online video games and earn NFTs and collectibles. Some of these play and earn video games are:
- Alien Worlds
- League of Kingdoms
- Lost Relics
- Axie Infinity
- The Sandbox, etc.
Some of the popular online marketplaces where you can mint, buy and sell NFTs are:
Investing in Stocks
Stocks are simply shares in a publicly-traded company which are available in the stock exchange. Stock investment has been proven to be one of the lucrative businesses that bring good returns, especially when you invest in stocks that have powerful future potentials at the right time and then hold till the value skyrockets. This is because the more profit companies that have stocks as security makes, the higher their stock prices become. Therefore investors who accumulated these good stocks earlier, make much profit when the prices of these stocks increase. Also know that investing in the wrong stock can also lead to massive losses, especially during bear seasons.
Before you can buy and sell stocks, you need to have a brokerage account, which gives you access to invest in other securities like bonds and mutual funds. Here are some of the recommended stock trading apps for mobile devices.
Blogging and Web Design
You can blog on Google blogger for free (you might need a custom domain) or under wordpress where you have to pay both for hosting plan and domain name. Both are good. But wordpress blogging has a grater advantage when it comes to blog popularity and fast ranking. You should also carefully select a niche for your blog. It must not be what you can write on, you should go for what people want to information people want to know more about. Lastly,make sure the niche is not too saturated. Blog monetization is mainly through Google Adsense, affiliate marketing and direct advert on blog.
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Freelance Writing & Book Writing
If you are a good freelance writer, then utilize the opportunity and make money just for writing for people. You can write articles for webmasters or even companies and get paid either per article or as agreed by both parties involved.
Book writing is also another means to make money from a good writing skill. There are tons of online publishers and retailers who do Print On Demand (POD) on your behalf. Then they pay you a particular percentage per book sale. Some of the popular online book publishers are Amazon, Lulu, Barnes & Noble, Smashwords, etc. Amazon pays you 60% for paperback after deducting printing cost and 70% for eBooks.
Tapping from the Solar Energy Sector
There are many easy and lucrative business opportunities in the solar energy sector which you can embark on as a student. Some of these business opportunities include:
- Starting Solar PV System Installation and Maintenance Business
- Buying and Selling of Solar PV System Components
- Selling Excess Solar Power to the Utility Companies via Net-metering
- Starting a Solar Farm Business
- Investing in Solar Energy Stocks
- Manufacturing of Solar Panels
- Production of Deep Cycle PV Batteries
- Manufacturing of Power Inverters
You can learn about these solar energy business opportunities from this article: 5 Best Ways to Make Money from Solar Energy Sector.
Are you good in graphics as a student? Then utilize the skill and make cool money both online and offline. You can make money offline by designing flex, banners, book covers for students and people living around the university environment or even during special occasions.
Online, you can make money by registering with some online sites like Fiverr. They pay you after collecting a small percentage of your total earnings.
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Here, both male and female students can fit in. If you are a good barber, you can rent a shop or collaborate with your fellow barber who already has a shop.
The same thing applies to hair dressing. Currently, the most lucrative form or hair dressing is making of wigs using weavons.
Fashion and Design
This is for those who can sew or make nice indoor or outdoor decoration. You should also update your sewing skills by learning the trending fashion styles for both men and ladies, especially for ladies. If you have enough capital, buy a sewing machine and rent a shop, else collaborate with those who have shops already.
After Class Tutorial
If you are very good at academics, then you can make money from teaching your fellow student. It can be either your level mates or lower level. Schedule the time after official academic activities are over. You can also collaborate with other tutorial masters to get more students. You can charge per semester or per tutorial.
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Campus Affiliate Marketing
You can make money by acting as a marketing agent on campus for some popular online retailers like Konga, Jumia, Amazon, eBay, etc. They pay you a certain percentage of the money they make per sale from a customer that purchased their products through you.
IF you are a caterer, you can make cool money while in school by baking birthday cakes. You need to advertize your services through school whatsapp groups, social media.
Video Blogging on YouTube
You can also make cool cash from video blogging. All you nee do to is to create a YouTube channel and videos, upload and optimize them to rank well on search engines. When your channel videos have got up to 10,000 view in total, you can apply for YouTube AdSense and earn money monthly.
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Other Small Business Ideas for Beginners
- Chin Chin Business
- Cooking Classes
- Ice Cream Stand
- Drawing Building Plans
- Pop Corn Stand
- Home Food Delivery
- Modern Book Keeping
- Fast Food Joint
- Yoga Studio
- Pet Business
- Dance Studio
- Music Studio
- Travel Planning
- Clothing Boutique
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Making money from small business as a student is easy. All you need is to define your target and work towards it, but don’t ever forget your main aim of coming to the higher institution, which is to read.
Do you have any other lucrative idea for students? Comment it below. Help your social media friends who are students to learn new skill and also know how to monetize their skills by clicking a share button below. Don’t forget to subscribe to our blog.
Recommended Business and Entrepreneurship Books
The Passionate Entrepreneur’s Strategies: Learn how to discover business ideas that will be successful, grow multiple online income streams, make money from home, attract new & retain customers, applications of SWOT analysis in any business, skills that will help you succeed as an entrepreneur, self-discipline, etc. Lucrative Business Ideas Series Book 1. By Buzzer Joseph. Read more about the book.
How to Make Money from Blogging & Affiliate Marketing: Learn the Step by Step Guide of Creating, Growing & Optimizing your WordPress Blog from Scratch for Search Engines (SEO) & How to Make Money through Google AdSense, Affiliate Marketing & Other Strategies for Earning Passive Income Online. Lucrative Business Ideas Series Book 2. By Buzzer Joseph. Read more about the book.
How to Make Money Self-Publishing Kindle Books for Beginners: Learn the Step by Step Guide to Self-Publish a Best Selling Book on Amazon KDP, How to Design Book Covers with Adobe Photoshop, Format, Edit & Proofread your Book Manuscript with Microsoft Word, Promote your Book on Various Online Platforms & Earn Monthly Passive Income Online. Lucrative Business Ideas Series Book 3. By Buzzer Joseph. Read more about the book.
Complete Solar PV System Installation Guide: DIY guide on how to install grid-connected & off-grid solar PV systems, how to build solar-powered electric cars, convert conventional cars to electric cars, online & offline ways to make money from solar energy sector (including stocks), electrical wiring & protection system installation guides, plus free resources for skill acquisition and personal development. Lucrative Business Ideas Series Book 4. By Buzzer Joseph. Read more about the book.
How to Make Money from Crypto Trading & Investing for Beginners: Step by step guide with screenshots on the basics of blockchain technology, bitcoin & altcoins, crypto security tips, cryptocurrency market analysis (FA & TA), long term & short term trading, how to calculate your profits in excel, legit ways to make money with cryptocurrencies, DeFi yield farming & staking, how to use any centralized & decentralized exchange platform & more, plus crypto investment bonus! Lucrative Business Ideas Series Book 5. By Buzzer Joseph. Read more about the book.