A true entrepreneur will think about an idea that consumes less investment but returns a good amount of money rather than thinking of making a massive investment before any returns. There are lots of Online Startup Ideas for Students that require a minimum investment, and we will see the top 5 Most profitable ones in detail.
Additionally, the ideas with a minimal investment allow you to manage any startup for long terms without worrying about the investor’s money and their returns. If you’re among those looking for Profitable Online Startups. Then go through this article in which we’re going to tell you the“5 Most Profitable Online Startup Ideas For Students that Requires Minimum Investment”.
Which 5 Most Profitable Online Startup Ideas For Students That Require Minimum Investment?
- Dropshipping
- Blogging
- Freelancing
- Social Media Marketing
- Affiliate Marketing
Let’s discuss them in detail;
1. Dropshipping:
Primarily Drop shipping is a business model in which you don’t need the inventory aspect of retail. Whenever the customer places an order, you have to send the order to the dropship supplier. And that the dropship supplier fulfils the order and delivers it to the customer.
Top Dropshipping Companies in India:
- IndiaMART
- Bluember
- ExportersIndia
- TradeIndia
- Jim Trade
- Tradeford
- Baapstore
- Webdealindia
- Hothaat
Steps of Dropshipping Model:
- You had marketed some items on social media.
- A customer likes an item visits your online store, and places an order at your store.
- You received the order details, and now you have to send that order details to the dropship supplier.
- Directly the dropship supplier delivers the order to your customer.
You’ll never need to worry about the inventory store and product delivery. You will only have to advertise your products on social media and focus on the customer base and their experience.
2. Blogging:
A Blog is an online journal where people write about the topics in which readers are interested. Blogging can be for informational purposes or traffic-driven purposes.
Many users don’t even know they can start blogging and make money through it. To make money from Blogging, You have to spend a few dollars to make your website so that you put your content on it and get traffic.
Top 5 Best Blogging Platforms and Blog Sites in India:
- WordPress with Hostinger
- Wix
- Squarespace
- Medium
Steps on How to Start Business Blogging:
- Choose a Profitable Niche.
- Register your Domain and purchase Hosting.
- Make your Website.
- Write Engaging and Informational Blogs on your website.
- Work on SEO (Search Engine Optimization).
- Monetize your website.
- Drive traffic to your blog through Social Media marketing.
Bloggers are one of the fastest-growing communities; In Blogging, people can freely work from anywhere and make good earnings.
3. Freelancing:
In the world of Entrepreneurs and Employees, Freelancers are all different. They neither work as an employee nor run a startup. Freelancers are self-employed. They work for many companies according to their need. They don’t have to worry about Offices and monthly salaries. Freelancers are hired by Companies or Individuals for their projects and tasks. They are like temporary employees for a company.
Top 10 Best Freelance Websites to Find Work:
- Upwork
- Freelancer.com
- Fiverr
- People Per Hour
- Flexjobs
- SimplyHired
- Dribbble
- Truelancer
- TaskRabbit
Steps on How to Become a Freelancer:
- Choose the profitable niche you’re good at (like Writing, Teaching, Graphic design, Web development, etc.)
- Create accounts on 2-3 Freelancing platforms (like Upwork)
- Find work according to your Nische.
- Bid with a suitable amount, neither very low nor high.
- Write an attractive description of yourself and your working skills.
- Submit it.
The best thing about Freelancing is you don’t need to worry about investment. You can start Freelancing at no cost. Just focus on your skills and provide valuable content to the client so they can provide you with a good rating and future projects.
4. Social Media Marketing:
When it comes to promoting or advertising the products and driving traffic, here comes the role of Social Media marketing. Around two-thirds of Internet users are on Social Media. It’s the best way for companies to reach their audience or customers. In today’s era, if you are running an online business without using Social Media marketing, it’s like you’re finding water on Mercury.
Top 10 Social Media Sites & Platforms:
- YouTube
- TikTok
- Snapchat
Steps on How to Do Social Media Marketing:
- Put Social Media marketing goals to clear business objectives.
- Identify your target audience (age, interests, income, job title, location, industry).
- Research about your Competition.
- Do an audit of your current Social Media Marketing.
- Create a schedule for Content delivery.
- Understand the audience’s behaviour and deliver quality content.
- Track the performance, and adjust the strategy of SMM according to that.
Social Media Marketing does more than improve site reach and traffic. As a Social Media Marketer, you focus on turning the business into a personality so that your audience can reach and connect on a deeper level.
Want to know How to Make Money from Instagram? click here
5. Affiliate Marketing:
What if I tell you that you can make money from anywhere, at any time, even while you sleep. Here comes the concept of Affiliate Marketing.
In Affiliate Marketing, the person earns a fixed commission on selling another company’s product. As an Affiliate, you have to select the products of your choice, then promote that product on Social Media. You’ll get a fixed commission whenever a customer buys a product through your affiliate link.
The sales of products through your link are tracked via affiliate links from one website to another.
Top 10 Affiliate Marketing Programs & Networks in India:
- Amazon Associates
- Flipkart affiliate program
- vCommission
- Admitad
- eBay affiliate program
- Optmise
- GoDaddy Affiliate program
- DGM India
- Shopify affiliate program
- Cuelinks
Steps on How to get started with affiliate marketing:
- Create your account on platforms like Amazon and Flipkart as an Affiliate.
- Choose a profitable niche.
- Find affiliate programs.
- Create engaging content.
- Run ads or drive traffic to your Affiliate site.
That’s it, and now, whenever a customer buys any product through your site or by clicking on ads, you will get a fixed commission. This commission can be 1%-70%. Affiliate Marketing is a straightforward process; your sole purpose is to sell the product without investing.
Final Words:
Research the above-mentioned “Most Profitable Online Startup Ideas” included in this article, and you’ll be able to find the appropriate career option for yourself. We have deeply researched this topic and came up with the most profitable topics.
I hope you’ll find this article helpful. Give your valuable thoughts in the comment section.