As a student, it is your job to think about your financial future and there is no better way to do so than to begin to think of ways you can earn extra income. Making money can help you cover expenses in school that your parents or sponsors may consider frivolous, it will get you started on your journey to financial freedom earlier and most importantly, it will prepare you for life after graduation.
There are certainly many ways you can start getting cash with little or no starting capital involved. You can make over 30,000 a month in school as a student if you play your cards well. In this article we have compiled a list of things you can start as a student that will bring in the extra cash needed.
Before we begin, it is important that you also balance business and your academics well. You do not need to have a particular CGPA to start a business. Nevertheless, to maintain that business you must as much as possible dedicate some time to studying as much as you do to marketing your business.
Below, we have selected 11 business ideas that won’t affect your academic pursuit.
1. Laundry Firm
I know you cringed at the thought of slaving away because of a mountain of dirty clothes. But be rest assured that the laundry business can bring you as much as 20,000 a month.
IF YOU ARE ASKING:
* Won’t a laundry business be too stressful?
* Will I do the washing myself?
* How much should I charge?
* How do I get costumers?
HERE ARE YOUR ANSWERS:
Getting customers is the simplest thing in this whole setup. Just like you rightly pointed out, many students consider doing their own laundry stressful. All you need do to Target such people is:
* Tell your friends you do such business,
* Paste posters at designated and strategic areas (the toilets, laundry room, restaurants, etc.)
* Get handbills and share at school chapels and mosques, etc.
Next, approach women who already wash and negotiate with them. These women will be your employees.
Choose a convenient price and pay a percentage of the price you will charge your customers to these women. For instance, if you charge 150 for a pair of clothes, you can pay these women 50mnairs and make a profit of 100 naira.
Do the same for the guys who will iron and package the clothes and voila! You are on your way to making at least 4000 naira a day.
Its that simple!
2. Become a Housing Agent
Students will often prefer to stay off campus if they can find affordable housing. Another way to earn money as a student in Abuja is to become a housing or accommodations agent. This business can bring in as much as 30,000 a month.
All you need do is get housing for students who want to move or stay off-campus. We all know that the accommodation facilities offered by the school usually is never enough for the number of students they admit. Simply find an agent, negotiate with him for a percentage commission of all clients you refer to him.
3. Use Your Lecture Free Days to Make Cool Cash
You can either organize tutorials if you are the brainy type or simplify lecture materials for students.
You can be a personal tutor or even organize tutorials for WAEC students, GCE or even JAMBITES.
As a student in Abuja, if you can speak a foreign language, you can tutor others and get paid for it as well or offer company supplies like toiletries and other daily essentials to students in the hostel.
4. Make Money Off Your Personal Skills/Talents
A popular scripture in the ancient book says, “The gift of a man makes room for him…”
Good at Singing or you are an artiste? Organize shows, vocal tutorials and get paid.
Good at dancing? Organize dance classes and get paid.
Good with photography? Get a camera, go to events, take photos for people and bring home money.
Good at drawing/painting? Get your brush, paint people and sell your craft.
Good at barbing/ plaiting hair? Cut hair and get paid (same with ladies).
Handy with electronic and gadget repairs? Repair damaged items and get cool cash.
Good at composing write-ups? Be a guest blogger, register on freelancing sites and write articles for blogs/companies or people.
5. Run a Photocopy Centre
Students will always photocopy resources. If you cannot afford to rent a place, you can own a medium-size printer/photocopying machine in your room and offer printing and photocopying services from your hostel room. An advantage of offering such a service from your room is you do not have to pay for electricity and hence, you can afford to charge lesser than your counterparts around school.
6. Learn a Skill-Based Part Time Service
There are opportunities to make money from offering services from your skills such as sewing clothes i.e tailoring, website design, graphic designs, etc.
7. Look For a Part-Time Job
You can make money with a part-time job (I recommend not more than 4 hours a day) such as restaurant waiting or doing private home lessons, working afternoon shifts or in the evenings from 3pm till 10pm on off campus jobs.
8. Start a Part-Time Business
Start a food delivery business from the hostel or your off campus room evening sandwich package, small chops or Sharwarma Business on campus (6pm till 10pm).
9. Start a Retail Outlet for the Student Population
Start selling things within the hostel that students buy or need regularly e.g. sachet water, internet data, recharge cards, detergents, beverages etc. Buy them in bulk and resell in smaller units.
10. Work Online with Side Gigs
You can start a money making niche blog, writing articles and web contents for companies, work on fiverr and upwork, do data entry jobs, or any other skill you can offer online on freelance sites.
11. Start an Affiliate Marketing Business
There are products and services you can sell online. You don’t need to own the products, just refer others to the seller and earn a commission.
If you are web savvy, you can start selling online using your social media presence and or setup an SEO friendly blog to market and sell your products and services online.