13 Best Small Business Ideas for Students on a Budget 2024

Published: Nov 27, 2023

As a student, starting your own business not only helps you cover your education expenses but also allows you to be your own boss and pursue something you are passionate about. 

Whether you are a working student or not, starting a small business can be a great way to earn some extra income while gaining valuable experience. As a student entrepreneur, you have the opportunity to learn essential skills such as marketing, finance, and communication which can help you stand out in the job market and even lead to a successful career in entrepreneurship.

Being a student can be an advantage when it comes to starting a business. In fact, students often have more free time and flexible schedules compared to full-time employees, making it easier to manage their venture alongside their studies.

If you're a student looking for business ideas that are suitable for your schedule and budget, then you've come to the right place! This blog is dedicated to helping students like you explore the world of entrepreneurship and discover the opportunities that are available to you.

13 Small Business Ideas For Students


1. Beaded Accessories


This business product idea for students is suitable for various occasions and seasons. It allows you to target specific markets throughout the year. You can buy beads and other supplies in bulk to make bracelets, necklaces, earrings, and anklets. Selling them as friendship or couple bracelets or charms is also a popular fashion accessory for people of all ages. 


2. Laminating Business 


You can buy a laminator and the necessary supplies for a low investment. It is easy to set up at home or in a dorm room. Laminating services are in demand in education, businesses, offices, and individuals. If you live on or near campus, a laminating service can provide convenience to those who need access to such equipment. 


3. Selling School Supplies 


There is a high demand for school supplies, especially at the beginning of the school year. It is one of the small business ideas for students that can sell. You can buy pens, notebooks, coloring materials, papers, and other school supplies in bulk for discounts. These products are easy to sell online or in person. 

 

4. Lip and Cheek Tint Business 


Rebranding lip and cheek tints needs minimal capital compared to creating new products from scratch. This small business product idea for students allows for customization of packaging and branding. You can use e-commerce platforms or Peddlr Online Store to market and sell your rebranded products. 

 

5. KPOP Photo Card Business 


KPOP fans have a strong connection to their idols. Customized photo card designs that feature K-pop stars can have high sentimental value. You can personalize photo card designs, including featuring fan art or quotes, using a free account from Canva. Doing this makes these products particularly appealing to KPOP enthusiasts. 

 

6. Sell Digital Products 


You can sell digital products globally through online marketplaces or personal websites. E-books, templates, printables, stock photos, graphics, and more are available to sell. It caters to diverse customer interests. Operating this business is also simpler since there's no need to worry about shipping or physical storage.
 

7. E-loading and Game Top-ups Business 


Managing an e-loading and game top-up business is adaptable to students' schedules. You can easily balance your academic commitments and loading business. Additionally, these are consumable products, meaning customers return to buy them. This recurring revenue stream provides a stable income source. 

If you think this kind of business is perfect for you, you can use Peddlr to sell e-load and game top-ups.

 

8. Phone Accessories 


Phone accessories are in constant demand as people seek to personalize their devices. Phone cases, keychains, and phone stands cater to diverse customer preferences and needs. This small business idea for students requires minimal upfront investment, making it accessible for students. 

 

9. Crochet Business 


Crocheting allows for creative expression. You can design and craft unique, handcrafted items that reflect your creativity and style. Stuff toys, bags, hats, and blankets need minimal initial investment. All you need are yarn, hooks, and basic crafting supplies. You can do it at your own pace and convenience, adaptable to your academic schedule. 

Handmade crochet items make heartfelt gifts. Students can cater to those looking for personalized items. Adding initials or customizing colors and designs can turn a simple item into a cherished keepsake.  

 

10. Home-Made Food Business 


Many seek unique and artisanal food items unavailable in their canteen or local stores, creating a niche market opportunity. You can create a variety of homemade treats, from traditional favorites like pastillas to creative concoctions like graham balls. These treats can tap into the demand for high-quality, homemade snacks. 

Word of mouth can spread like wildfire on a campus. Home-made foods can gain popularity among classmates, dorm mates, and friends, creating a loyal customer base in their academic hub. 

 

11. Pet-Sitting 


If you love animals, pet-sitting turns your passion into a profitable business, making work enjoyable and fulfilling. Most communities demand pet-sitting services, especially during holidays and travel seasons when pet owners need reliable caregivers for their furry companions. You can include services such as dog walking, pet feeding, and overnight stays. 

 

12. Writing Services 


Writing services encompass many opportunities, including content writing, copywriting, editing, and more. You can choose the type of writing that best suits your skills and interests. There are many job platforms and freelance websites where you can find writing gigs. From there, you can build a client base and gain practical experience. You can do it part-time to earn income while accommodating your class schedules. 

 

13. UGC Services 


One of the key reasons why UGC services resonate with students is the opportunity to transform passion into profit. If you already have products you love, sharing your experiences and insights can be both enjoyable and rewarding. 

However, it's essential to acknowledge that UGC services need monetization time. Building a reputation and establishing trust among your audience takes time. Still, your patience and persistence can lead to long-term financial gains. 


Wrapping Up 

Students have many opportunities to earn extra money for their expenses. They can embark on their business journey by selling physical products, offering digital creations, or even providing services to meet various needs. Whether crafting handmade goods, creating digital art, or sharing their skills and expertise, student entrepreneurship is rich with opportunities. It can also be a lot of fun and a rewarding experience.


What is Peddlr? 

Peddlr is a POS mobile application for all business owners – sari-sari stores, milk tea stands, coffee shops, Shopee and Lazada sellers and more. It's free to download, free to use, and works even without an internet connection. With Peddlr, you can easily manage and track your business performance and inventory. 

Here are some of the useful features that you can access through the Peddlr app: 

  • FREE Point-of-sale system (POS) or a mobile cashier system 

  • FREE Credit Reminder β€“ send SMS to your customers for free to collect credit/debts easily 

  • FREE Inventory Manager/Tracker - take control of your product inventory 

  • Loading and Bills Payment Services β€“ enjoy rebates and cashback 

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