Low-cost business ideas for university students (4)
Concluding the article we started some weeks ago on the subject of college entrepreneurship and how to take advantage of the opportunities prevalent in the university community, we resume where we stopped.
Without any formal education in business, you can learn how to sell online by practice and, thorough research and watching online tutorials, which is highly recommended to any aspiring jewelry maker and other startups. Also focus a lot on photography, because great photos are one of the most important aspects to successfully selling online. Focusing primarily on your business website search engine optimisation and promoting designs on social media platforms are the best ways to drive traffic to your products.
Startup costs are minimal; creating an account is completely free and listing an item is negligible per listing. Depending on the kind of jewelry you make will determine the costs of materials – so if you wish to work with wire, you will need basic wire wrap tools that come bundled in a kit, such as a wire cutter and several types of pliers.
Avoid using expensive materials such as real gold and silver or precious stones. You can upgrade your materials once you have started selling your items online and have built up a reserve.
Delivery and errand service – Let’s face it: people are lazy and busy at the same time; so starting a delivery service that offers running errands, picking up takeout or even going grocery shopping for a busy professional or someone who is elderly is a great way to make extra cash. We still don’t have a dedicated food delivery service outfit in Nigeria, so why not build one from the university. The examples from other clines show that leading food-delivery services, like Postmates or Seamless, make a fortune doing tasks for others, especially if it is done in a smaller school in an area where these food-delivery services don’t exist yet.
Start by setting up a website where people can place orders. For a low fee, there are a number of platforms already available that make this step simple.
Save all receipts and charge customers after you have completed a task; add a 20 percent fee to the total costs of a purchase to generate your revenue. Market your services through word-of-mouth, flyers and social media pages.
Finally in closing, the watch word is to start small, grow fast and then expand – We can show you how tto get started today. Send me an SMS/WhatsApp message or Call for more details and training opportunities and we will entrench the topic further.
Nwaodu Lawrence Chukwuemeka
Nigeria's leading finance and market intelligence news report. Also home to expert opinion and commentary on politics, sports, lifestyle, and more
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