As a student, you don’t always have to wait until your parents send you money for upkeep before you eat and live good. You can start a side business as a full-time student and still keep up your good grades.
Let us show you 9 lucrative small business ideas that are guaranteed to earn you regular income as a student.
1. Typing and Editing Business
Most students have need to type their assignments, projects and thesis. If you have a personal computer, you can start up a typing business.
After typing, you take it to a computer center to print out at N20 per page. You can charge between N50 to N100 per page for each typing job. This gives you a profit margin of between N30 to N80 per page. If you can type 20 pages per day, that gives you a profit of N800 – N1,600 daily and N4,800 – N9,600 weekly extra income.
2. Recharge Card Business
You can buy bulk units of N100 and N200 recharge cards and sell at a higher prize. Most wholesalers sell at the 10 units of N100 recharge card for N920, this gives you an N80 profit after sales. You can easily start up this business with as low as N5,000.
3. Organize Tutorial Classes
This is a sure way to make money although you will have to be educationally sound yourself to venture into this kind of business. You can organize tutorial classes for students in your class or lower classes in your department. There are courses that are usually tough and difficult to understand, and students taking that course will not mind paying someone to teach them the course.
You can charge N100 per person for each tutorial you organize and if 50 persons turn up, that gives you N5,000 for the day. Just find a place inside the school or outside the school that is safe and conducive for learning, and then inform the course representative to tell the class of an upcoming tutorial session.
4. Sell Compiled Past Questions
Nothing sells fast in school like past question papers, especially as exam date approaches. You can get past questions from your department and other departments, solve the questions with the help of your text books, then convert it to short handout and sell to students during exams. You can sell the handouts for N200 or less depending on your production cost.
5. Make Up, Manicure and Pedicure Services
Learning make up, manicure and pedicure services will only take you about 3 months. You can make a lot of money from making up your fellow students face, a lot of female students fix their nails especially during weekends, you can offer home services.
Although the cost of purchasing a standard make up tool box is a little on the high side, costing around N60,000 to N150,000, You can purchase the basic equipment needed for fixing nails with N3,000 and charge as low as N300 for each service rendered.
6. Barbing Salon Business
This is one of the most lucrative business ideas in school. It requires a lot of money to start on your own. If you have the skill, you can look for barbing salons close to you and introduce yourself. Once any of them accepts you, you can attach yourself there and make your money in your spare time. Naturally, you pay a stipend to your host for accommodating you.
Of course blogging is on the list, You must have heard that people make 5 figure income online through blogging. Well, let me officially tell you that this is 100% true. It costs very little to start blogging, In fact if you have a good coding knowledge, you will hardly spend a dime starting your blog, otherwise you will have to pay to get your website made.
You can acquire a free blogspot or wordpress blog for free, and if you understand how blogging works, you will be making your money in no time with ads from adsense and from other sources based on your content and popularity.
8. Graphics Design
Graphics design is another money spinner for those who have the skills. There seems to be a shortage of competent graphics designers so the few of them are always very much in demand. Again, you can create a portfolio for yourself on odesk, fiverr, nairaland etc. Don’t hesitate to offer free services for people to test your work and give you feedback.
9. Affiliate Marketing
As an affiliate, you get commissions on every sale made through your account. You can sign up as an affiliate for retail giant such as Jumia and Konga.
You can promote their offers on your Facebook, Instagram or Whatsapp channels. You don’t need any money to do this and it takes very little of your time.
10: Photography: Photography fetches many students a whole lot of money on campus, ask many and they will tell you. All what you need is a bit of expertise and a solid camera, a stand to stand for the start. You don’t need a photo printer in the beginning as you can liaise with fellow photographers until you raise money to buy one. On a daily basis based on your friendliness and customer care, you can make more than N2000.