As the end of many students’ degrees draw near, the reality of starting to repay those student loans set in and a crippling fear starts to take hold of them. Luckily there are quick money-making businesses that you can start to ease the stress and start paying off those loans sooner than you think.
Who knows, maybe your business could grow into something bigger than you imagined. Here are a couple of quickest businesses to start up after college.
If there isn’t a second-hand store nearby, you are in for the money. What makes this business such an attractive option for recent graduates is that they know the system and how the university operates. They are also in the loop with current textbook editions that are needed.
With technology today, you don’t even have to have a physical store. All you need is a kick-ass webpage that you update regularly and a storage facility where you can store your second-hand books.
The size of your business will depend entirely on the university and the number of courses that they offer.
Running a delivery service
Delivery services are booming and if you live in a small town, then you have to give this a go. You don’t even have to have that much startup capital for food delivery or courier delivery business. In fact, you can get the job done in your beater varsity car until you can afford a better ride.
Small towns are ideal for this type of business because you know probably know every street like the palm of your hand. You won’t have to travel far to make your deliveries and chances are that the people will already know you.
If you have a way with words and can type at a fairly good speed, then you have the perfect opportunity to make some extra cash. Although it isn’t a business per se, it can still provide you with a decent enough income to get you by.
There are a number of excellent freelancing websites around, scavenge around and start building your portfolio for better gigs.
You can also start your own freelancing website where you can provide assignment help to college and university students who need help with their assignment writing for thesis, essays, term papers and dissertation. As your business grows, you can even involve your friends to work as essay writers and editors.
Growing and selling
Natural organic food is such a popular product nowadays that you can get into without knowing too much about gardening. Depending on the space that you have available, you can either opt for containers or do square foot gardening.
Either way, you’ll be able to produce much more than you can consume and sell your produce at a local market. Your packaging is probably the item that will cost you the most. The variety of foods that you can grow is staggering and with a little help from a greenhouse, you could be producing healthy crops in no time.
Running a transcription service
While you are finishing up your degree, you can build a relationship with your lecturers and start recording their lectures for transcription. Once you have your degree, you can continue to sell the transcriptions of the lecturers that allow you to record them. It’s no skin off their backs, and you can make a decent living from it all.
There are so many different small businesses that you can start fresh out of varsity. With a little bit of effort and the minimum startup capital, you can build yourself a sustainable little empire that will bring in the money you need.