Business Ideas For Indian College Students: Starting Your Own Business Today!

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Are you a college student who is tired of having to constantly save up for every little thing or wants to help his/her family financially?

We understand that given the competitive job market in India, getting employed is difficult. More so if you are a college student!

With tuition fees constantly on the rise, part-time and internship opportunities limited, and an extremely competitive job market, it’s difficult for students to balance work and academics in India. But that doesn’t mean you need to choose between one or the other.

Students have taken to starting their own business ventures that they can pursue in their spare time. This isn’t a simple thing that can be achieved overnight. As a budding entrepreneur, you need the right attitude and thoroughly vet your business ideas before you can even get started.

Some of the greatest start-ups came out of college students. You could have the next revolutionary business if you feel inspired by their stories.

So, before we move on to some of the best and easiest business ideas for students, here are a few success stories as your dose of motivation!

Successful Student entrepreneurs in India

1. Sreelakshmi Suresh

At just 11 years old, her talent for web design led her to create her start-up in 2009 called eDesign. She was considered the youngest CEO and youngest web designer in the world. She also founded her second company, TinyLogo. The companies provide clients with services related to web design and SEO.

2. Akhilendra Sahu

Akhildendra was ambitious as a 17-year-old and wanted to start his own business. While he lacked knowledge of the corporate world, he made for it with his drive to achieve his dreams. He is the founder and CEO of ASTNT Technologies Pvt. Ltd. The company engages in digital marketing, graphic design, content creations, branding, and other business services.

3. Divya Gandotra Tandon

She started out as a YouTube personality that simply wanted to help others understand the latest technologies. Her content revolves around unboxing videos and tech reviews. She realized she could still expand her reach and founded TheScoopBeats, a news and media organization.

Indian Billionaires Who Are College Dropouts

1. Mukesh Ambani

The richest man in India dropped out of college when he was pursuing his MBA. He joined his family business and has achieved tremendous success as a businessman and entrepreneur.

2. Gautam Adani

Adani dropped out of Gujarat University in the middle of his undergraduate course. His company is now one of the most dominant players in the power supply industry. Despite his family already running a business that he could join, he chose to follow his entrepreneurial dreams.

3. Mukesh Jagtiani

Mukesh Jagtiani is the founder of one of the largest hospitality and retail groups in the Middle East, Africa, and Asia – Landmark Group. He dropped out of business school to follow his heart and start his own venture. The multinational conglomerate has since been growing at a rapid rate.

What is the Minimum Age to Start a Company in India?

Now that you are recharged and motivated with an entrepreneurial spirit, its time to check whether or not you can technically start a company in India. And that starts with this question.

If you are just starting out in college in India, chances are that you are in the age group of 16 to 18. So, that begs the question, “Can I start a company in India before 18 years of age?”

While the Companies Act 2013 does not state a specific age for eligibility in company registration, it does mandate at least 2 directors (or 1 if it is a single-person company). In order to be recognized as a director, you would need a Director Identification Number (DIN) and individuals below 18 years of age cannot apply for a DIN.

However, that shouldn’t stop your dreams. Teenagers have successfully started companies through a little help from their loved ones. Your parent, friend, or relative who is above 18 can register as a director for your company.

Other Alternatives

Let’s keep this life hack one between us. wink wink

While you certainly cannot register a business on your name if you are under 18, you can still get employed. No, we aren’t talking about applying for companies. We are talking about other ways of “self-employment” — FREELANCING!

If you have a business idea in mind but do not want to register on anybody else’s name for whatever reason, you can choose to independently offer your services to others as a freelancer, build a personal brand and later register a business when you turn 18.

12 Business Ideas for Students

Business Ideas For Online Services

Coaching Service

If you excel at a particular subject or multiple subjects, you could help other students by teaching it. Use your fundamental knowledge to earn some money on the side through online coaching. All you need is a laptop or smartphone, and a stable internet connection.

You can start by gaining reviews from peers you have tutored before, and registering yourself on sites like Vedantu, TutorVista, or Tutor.com, or simply advertise through your peers and share your contact details through flyers or posters about your service.

YouTube Channel

YouTube has made video content creation so much more accessible. It also eases the process of earning through videos through ads, brand sponsorships, and merch sales.

To build a successful YouTube channel, identify your target audience’s interest and create content relevant to them. You need to be consistent in how often you post and your style of content delivery. Keep this in mind and pretty soon, you’ll have a dedicated following on the platform!

Content Writing

If you have a knack for weaving stories and creating magic with your words, perhaps give content writing a shot. Online businesses rely on their blog posts or third-party content to promote their brand, products, and services.

You can get in touch with clients through Facebook or LinkedIn. Create a portfolio of your previous work to show as a sample to potential clients. From there, you can discuss what kind of content they expect from you, specific guidelines, and deadlines.

SEO Services

With online businesses becoming more prominent, SEO experts have a growing demand. These experts are key to ensuring the website gets ranked towards the top of search results.

You can learn SEO techniques through YouTube and other online sources. However, you stand to gain more advanced knowledge as well as certification through paid online SEO courses.

Once you are confident in your knowledge, you can offer your expertise as an SEO consultant or start your own SEO consultancy agency.

Business Ideas That Require Minimum Investment

Food Blogger/Vlogger

Ever followed food bloggers on Instagram?

It is a fairly easy venture to get into. You just need to explore your locale and post reviews about the food from restaurants, cafes, or food stalls. Or you could try cooking yourself and review recipes.

With food, it’s easy to find a niche. You can blog about traditional Indian food, healthy diets, budget-friendly, and so on. You can create your own blog website, or use Instagram to conveniently share pictures and share your thoughts in the caption.

If you prefer talking over writing, you can try uploading vlogs through IG TV or YouTube. Once you build your reputation, you can collaborate with other food enthusiasts and get sponsors.

E-Commerce

The internet is now available even in the rural parts of India. As the 2nd largest nation engaged in e-commerce, the market continues to expand as more and more people shop online.

This requires a bit of investment to acquire the products you wish to sell. You can sell your own handicrafts or act as a reseller. During the pandemic, sellers recognized the demand for face masks and sanitisers. They purchased these in bulk at a low cost and sold them for large profits.

As an e-commerce business, you can follow trends to find products that will have a high demand and use that knowledge to earn profits. You can then reinvest these profits to expand your business.

Babysitting/Day Care

If you’re great with kids and babies, why not start babysitting?

With so many parents working full-time jobs, they need someone to care for their children in their absence.

You can offer babysitting services at their own home, or start a daycare where parents can drop off their children to play with others. It requires investment as you might require toys, spare diapers, and a first aid kit in case the need arises.

Photography

Youth these days love a good photo shoot. And what better place to find your clients than at your own college?

You will need your own equipment, hence the investment. A great camera, a few lenses, some decorations, and memory cards are a great way to kickstart your venture. Rope in a few friends to take some sample photos that show your skills behind a camera.

As a photographer, you can get paid to shoot at events or just for someone’s Instagram feed. The opportunities are growing every day.

Part-Time Business Opportunities for Students

Event Management

With college events a big part of student life, you have probably already been part of an event management committee. Use your experience to start your own event management business.

Your talent for creativity and making the most out of a budget can set you apart from competitors. You can use the success of college events and parties that you organized to prove your skills to potential clients.

Event management can be daunting to start with, you will require intense determination, good negotiations skills, and the right contacts to really set your business in motion.

Web Development

Any business that expects to grow requires an online presence in this digital age. With internet giants like Google controlling how the space functions, companies are looking for web designers and developers to optimize their presence.

Show your technological prowess by starting a web design and web development business. Provide all-inclusive services to your clients and watch your business grow. You may even have the opportunity to take on huge profits as you earn a better reputation.

Freelancing

If you have multiple skills that you can use to earn, perhaps try freelancing. While it doesn’t necessarily have to be strictly online, using websites like Fiverr and Upwork can be better at helping connect you to people who need your precise set of skills.

As a freelancer, you can list out your skills and receive contract offers from people who require your services. There is room for negotiation, so keep in mind the industry rates and how you would like to price your services.

Some examples of skills that can be used for freelancing are Excel spreadsheet knowledge, proofreading, content writing, presentations, songwriting, and digital art.

Dropshipping

Dropshipping is one of the best ways for a student to start a business. It essentially involves you acting as a middleman to connect customers with the right suppliers. The supplier handles the order and shipping of the packages.

Your main role will be to promote the products and bring in customers for the supplier. Dropshipping requires knowledge of logistics and an e-commerce website to better attract customers and ease the flow of orders.

What Are Some Successful Habits for Indian College Students?

Our habits shape us in more ways than we might think of. They can determine our success and downfall. Here are some habits for Indian college students that they should inculcate from day one to get on the entrepreneurial path.

Good Work Ethics

Adopting a strong work ethic and working according to deadlines can help in developing grit and discipline, which will benefit students not just in academics, but also in their side hustle.

Proper Time Management

Successful college students manage their time efficiently so that they can use their time productively. It is critical for students to prioritize tasks and set goals to keep them on track. This extrapolates to them being able to parallel-task with ease when they start a company from scratch with minimum funds.

Planning Ahead

Good planning leads to good results. College students should plan their days and weeks in advance, so they know what is expected of them and can allocate enough time for all tasks. This also includes setting aside time for relaxation and breaks.

Conclusion

There’s no better time to start your business venture than now.

Get started on your business as you pursue your education. After graduation, you can continue to focus on the business you have already established. Use your experience, reputation, and knowledge to launch your side business to above and beyond.

We hope this article has been useful in inspiring you to follow your entrepreneurial dreams!

This post is also available in: English Hindi Tamil

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