By FMTeam It is always a good thing if you try something to make money in your study days, because of that you can actually learn the importance of money as well as level up your skills when it comes to starting and sustaining a business. But just like millions of students in India, everyone wonders what business to start. Mainly because they don’t have enough resources and funds to start a business on their own. That’s the very reason why we are here with a list of 10 innovative business ideas for students with low investment in India. So, let’s get to the list and talk about what would be the perfect fit and for who. Here we go.
1. Content Creation
You may have heard that content is King these days, right? So, why not create content and monetize it? Well, you may start exploring sites like YouTube, Instagram, and TikTok with a quality camera, microphone, and video editing software for that. Content creators make from sponsorships, affiliate marketing, ad money, and product sales. Mid-level YouTube creators, for example, might make ₹1,00,000 to ₹5,00,000 a month.
2. Selling Some Digital Products online
What exactly do we mean by that? Well, there are a lot of things that you can sell online that are just digital stuff, you know, things like resumes, posters, PDF files, some project files, design files, or anything like that. But where do you sell these? For this specific requirement, there are platforms like Etsy, Payhip, Gumroad, and others. You can simply make a digital storefront of your own, and list all the digital items you want to sell, and that’s pretty much it. Once you do a little bit of research on this, you’ll find out how much money many people are making doing the same thing. So why can’t you? Give it a shot!
3. Online Courses and Tutoring
Using your intellectual talents, offer tutoring or online courses, simple as that! Students with a knack for teaching would find an ideal fit in this growing industry. Start tutoring in niches like STEM, languages, or test prep, and for that, all you need is a decent computer, internet connection, and video conferencing tool. That’ll do the job. And yes, finding clients is easy with websites like Chegg and Tutor.com, or, you can start attracting clients by utilizing the power of social media.
4. Freelancing
Working freely with whatever skills you have and whenever you want, you know, getting the opportunity to profit from your writing, graphic design, web development, digital marketing, or other skill set. Starting on sites like Upwork and Fiverr with simply a computer and internet connection will help you to get the first few clients. With highly sought-after abilities driving even more pay, freelancers in India can make ₹2.5 lakhs to ₹6 lakhs annually. Though, building a great portfolio and getting good client reviews is what’ll make you successful in freelancing.
5. Print-on-Demand
One really low-risk business concept is print-on-demand (POD). Heard of it? You only create goods if an order is placed, therefore removing inventory control complications, great right? Starting a POD company with less money will allow you to highlight original designs to draw clients. With this kinda business, profit margins could run from 10% to 30%. Just find a print-on-demand supplier to work with online, and start creating some awesome print-on-demand designs, like t-shirts, mugs, posters, or anything like that, and market them on social media.
6. Pet Care Services
Beginning a pet care business can be exciting and rewarding for those who enjoy the company of animals. This industry includes boarding, dog walking, pet sitting, and grooming. Do you know that India’s estimated $2.5 billion pet sector by 2025 points to a sizable potential? Usually falling between ₹20,000 and ₹50,000, initial investment is cheap. Provide dependable, premium services to pet owners to build confidence, that’s how you get more clients.
7. Dropshipping
Selling stuff that you don’t have in your inventory? Yes, that’s what we call dropshiping. And yes, students seeking a low-risk, low-cost business might find dropshipping ideal. Creating an internet store is simple thanks to sites like Shopify. In India, successful dropshippers may make anywhere from ₹20,000 to ₹2,00,000 a month. Emphasize highly sought-after categories like technology or health and beauty and you’ll be good for the most part. Though, to survive in this cutthroat industry, establish close bonds with your suppliers and give great customer service first priority.
8. Selling Books on Amazon KDP
Never heard of it before? Well, with Amazon KDP, all you need to do is prepare a PDF file that contains the pages of a book and upload it to Amazon KDP with a cover design, and that’s pretty much it. While sitting here in India, you’ll be selling books in the USA, Canada, the UK, and other countries. In short, you’ll be making money in dollars. You can choose easy or hard mode with this business idea, but what does that mean? See, if you want to play it easy, create low-content books, and if you have the skills to make children’s books, then that’s another profitable way. So choose accordingly. There is a lot you can do with this business idea.
9. Social Media Management
Handling social media accounts for someone else is what we call social media management. Nothing else to explain. Let’s talk about the earning potential of it all. So, in India, social media managers could make anywhere from ₹2.5 lakhs to ₹10 lakhs a year, that’s just a general range. Though, it mainly depends on how creative you are, and how consistent you are.
10. Handmade Crafts
Lately, you might have seen people going crazy about handmade crafts and things, right? So why not use that and make some money? But for that, you must dive deeper into the research part to actually pick a niche and what to sell online. Once you figure that out, just make an online store on websites like Etsy, and you are good to go.
Conclusion
There you have it. See, there is a lot of misinformation about online businesses, and even offline business ideas on the internet, but we can say one thing for sure, if you pick any business idea from this list, and start working on it, you’re bound to make money as a student in India.