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The biggest challenge young people are facing in India is a lack of desirable jobs. Starting your own business is the only way to fulfil your dreams.
Managing your business along with your studies is hard but rewarding for students. You can leverage the digital world, build on your strengths, and boost the growth of our economy.
In this article, we explore 10 business blaster ideas for students that complement their strengths.
The population of users online in India is increasing day by day. It is estimated that the total number of internet users in India by 2025 will be 8.5 crore.
The increased number of users will create a demand for engaging content online. Businesses have now understood that content is the key to unlocking their market potential.
Content creators will use user data to improve their content. It will also make content relevant and maximise user engagement. Creators need to strike a balance between personalization and maintaining user privacy. [The Future of Content Creation – 6 Trends to Watch, AP Workflow Solutions].
If you are interested in content creation, there are two main channels in India to do it.
Freelancing: This is a great option for students highly skilled in content writing, video editing, and graphic design. They can sign up for freelancing platforms like Upwork, Fiverr, Naukri.com, etc. Content Creation Agency: With the growth of your business, you can consider starting your own agency. This will help you cater more services and accept bigger projects.
India is experiencing exponential growth in e-commerce. The growth is reinforced by new techno-savvy youngsters and increasing users on the internet.
The population of e-commerce users in India is predicted to reach 50.16 crore by 2029. It means user penetration will rise from 22.1 percent in 2024 to a projected 34% by 2029. Forbes
If you are a student looking to start your own business, this could be a golden opportunity for you. So, how do I start?
Capitalizing on Consumer Trends
In India, customers are seeking value, convenience, and unique offerings from products. Here are some trending ideas for you.
Niche Apparel: Tap into the passion of your customers and offer specific style products. For example, sportswear for women, ethnic wear for kids, etc.
Handcrafted Goods: Artistic handmade jewellery, home decor, and textiles are in great demand in India.
Sustainable products: Consumers are preferring eco friendly products like bamboo cutlery, upcycled furniture, organic clothing, etc. Personalized Products: Designer phone cases, customized t-shirts with prints, etc. are in demand in India.
The virtual assistant industry in India is at its peak on a global scale. A large pool of highly skilled and talented young workers gives India a competitive edge.
“India has a large population of skilled people who can work as virtual assistants. With growing demands for virtual assistants globally, India will be a major player in the virtual assistant industry” Alliance International, The Growth of Virtual Assistant Agency in India: Trends and Opportunities.
It’s a great business idea for students for the following reasons:
Catering to a Growing Demand: Small businesses and startup owners are looking for virtual assistants to boost their productivity.
They are hiring VAs for tasks like administrative support, social media management, customer service, technical assistance, creative services, etc.
Capitalizing on India’s Strengths: Starting a VA business in India has several advantages, like:
Talent Pool: India has a large pool of qualified professionals with excellent skills and a strong work ethic.
Cost effectiveness: Hiring VA in India is less costly compared to western markets.
Time Zone Compatibility: Many Indian VAs work as per the convenience of their clients in Europe and North America. This ensures seamless communication between teams and collaboration.
Technology adoption: The growth of tech infrastructure in India provides a strong foundation for working from home and effective project management.
Steps to Build Your VA Business.
Identify your niche: Focus on your strengths and reflect on what you can offer.
Recruit and train VAs: Select qualified virtual assistants and train them for best service delivery.
Invest in Technology: Use project management tools, security software, and communication platforms to ensure smooth operation of your project with safety and collaboration.Market yourself effectively: Build a strong online brand image to attract the target customer. Use your website and social media channels to build your online presence.
The education industry in India is revolutionising with the help of online tutoring. The increase in online tutoring is due to an increase in the techno-savvy population, an increase in internet users, and a growing demand for flexible learning solutions.
The online tutoring industry in India is estimated to reach 123,65 crores in 2024, with a compound annual growth rate (CAGR) of 46.48% from 2019 to 2024. ResearchGate
If you are an expert in a particular subject and you want to leverage our expertise, then online tutoring is the best business alternative for you.
Why Online Tutoring is Thriving in India
Convenience and Flexibility: Studying at home and in your free time is easy and helpful for students.
Personalized Attention: An online tutor can give special attention to a student’s weaknesses in learning and help to overcome them.
Wider Range of Tutors: Students get access to subject experts from any part of the world. They also get more options for their subjects.
Cost effective: Online tutoring only requires an internet connection and a device with a screen.
The increase in social media platforms in India is a golden opportunity for students who are experts in social media management.
Short, engaging video content will keep rising. Businesses with short and engaging video content on platforms like Instagram and YouTube will have competitive advantages. [Future of Social Media Marketing in India, 2024 | upGrad Blog]
Why is social media savvy the new currency?
Users in India are consuming engaging content on a daily basis. Here’s where the social media savvy can monetize their skills.
Understanding the platform: Understanding the details and nuances of each platform, like Instagram, WhatsApp, and Twitter, is important to effectively strategize social media campaigns.
Content is the king: Engaging content is responsible for increasing followers on social media and converting them into customers.
Building communities: Building deeper bonds with your followers and building a loyal and intact community out of it is crucial.
Data-driven decisions: Continuous improvement in your account, its content, and the campaigns you run is possible only with tracking analytics and measuring results.
How to build your social media management empire:
Stay ahead of the curve: Keep yourself updated with the latest trends, algorithms, and platform updates.
Show your expertise: Display your past success and customer testimonies on your website and social media profiles.
Offer customized packages: Design different packages as per the requirements and budget of your customers.Networking and relationship building: Connect with people on social media, meet and greet in industry events, and join online communities.
The number of smartphone users in India has increased exponentially in the last decade. It generates great opportunities for application developers in India.
The Indian app development market is estimated to reach $3,510 million in 2024, and it may reach $4,858 million by 2027, according to the Indian App Development Industry Report 2024, Hyperlink Infosystem.
If you have a keen interest in app development, an eye for details, and a mind filled with innovative ideas, starting an app development business is best for your future.
The Indian app market is growing and will keep growing for the following reasons:
Increase in smartphone users: Smartphones are becoming cheaper every year with the increase in smartphone users.
User needs: Users need applications for a wide range of needs and wants, like education, entertainment, health, money transactions, etc.
Government policies: Government initiatives like Digital India are boosting app development and incentivizing innovations in the mobile industry.
How do you find your niche?
To filter out your target audience, keep in mind the following factors:
Focus on Regional Languages: For fast growth, develop your app in local languages and offer services to local people.
Mobile-First Solutions: Focus on services based on the everyday challenges of your target customer. For example, local delivery services, microtransactions, etc.
Leverage the latest technology: For unique functionality, integrate the latest technology in your app, like AI, blockchain, AR/VR, etc.
Go beyond entertainment: Develop apps like productivity tools, educational platforms, healthcare apps, etc.
How to build an App development team?
Skilled developers: Hire or outsource your team that is an expert in Android, iOS, and cross-platform development tools.
UI/UX Designers: Create a user-friendly interface that is designed as per Indian user preferences. Marketing and Business Development: Develop a strong marketing strategy for your app and explore monetizing options like in-app purchases, advertising, subscriptions, etc.
By combining your content writing skills with product promotions, you can build a successful business in India. This business will inform, engage, and earn money through content.
85 percent of Indian bloggers use affiliate marketing to market their blogs.29 Mind-Blowing Blogging Statistics Every Indian Blogger Should Know, Truehost.
Why are blogging and affiliate marketing the perfect combination in India?
Here are some notable reasons for the perfect combination:
Audience Seek Content: Indian audiences are hungry for good and engaging content. They are searching for entertainment, information, and solutions to their day-to-day problems. Blogging helps satisfy this need.
Rise of Affiliate Marketing: With the boom in the e-commerce industry in India, the opportunity for promoting quality products is on the rise.
Low Barrier to Entry: You can start and run a blog and do affiliate marketing with a minimum investment.
How to build your Blog-Affiliate Marketing Empire?
Here is the roadmap to success in blogging and affiliate marketing:
Produce engaging content: Write interesting, informative, creative, and visually appealing blog posts that are relevant to your target audience.
SEO Optimization: Optimize your blog pages for both search engines and readers.
Affiliate Partner Selection: Select reputed brands with quality products that resonate with the needs and wants of your readers. Transparency and Trust: Be open and clear while displaying affiliate links, and give honest reviews and recommendations to your readers.
The new digital market is fertile for creative youths in India. If you have a keen taste for aesthetics and are skilled in visual communication, then you can start a successful business in graphic design.
With the increasing focus on digital marketing by all sectors of businesses, the demand for graphic designers will keep growing. [Is Graphic Design in Demand in India? | TGC Animation and Multimedia, tgcindia.com].
Market Potential for Visual Storytelling:
Several factors are responsible for the growth of the graphic design industry in India:
Rise of Digital Marketing: Now businesses of all types and sizes have discovered the power of visual appeal in branding and marketing. This has increased the demand for skilled graphic designers.
E-commerce Boom: The increase in online shopping has made it necessary for visually appealing products, social media graphics, website designs, and presentations.
Start-up Culture: The booming startup culture in India has increased the demand for creative logos, user interfaces, and brand identities. This is generating a lot of opportunities for graphic designers.
Appreciation for Designs: Appreciation for good designs has increased in India, and people are paying more attention to aesthetics.
How to build your dream business in Graphic Design?
There are two ways you can approach the graphic design business:
Freelancing: If you want to work alone, you need to work hard on your skills, build an appealing portfolio, and network with potential customers. Agency: Bigger projects cannot be handled by a single person. You need a team of experts with a good understanding of aesthetics. For running an agency, you need a team expert in animation, illustration, and typography.
People in India have become more health conscious with the increase in awareness via the internet. Indians are prioritising their fitness and health more than ever before. This gives myriads of opportunities for students who are experts in fitness and wellness.
The fitness coaching industry in India is expected to grow INR 1,916 billion by 2024 and with a CAGR of 17.31% until 2028 [Health & Wellness Coaching – India | Market Forecast, Statista statista.com].
Students passionate about fitness can channel their passion into a successful fitness coach business.
Why is the fitness coaching business successful in India?
The factors responsible for the success of the fitness coach business are as follows:
Growing awareness of Health: Indians are more conscious of their health and fitness than ever before.
Shifting from Gyms: While gyms are still relevant and popular, people now prefer working out at home and in their free time with a personal fitness coach.
Focus on Specific Needs: Fitness coaches can offer personalized training programmes as per the requirements of their clients. For example, different training programmes for weight loss, increasing muscle mass, flexibility training, yoga, functional training, recovering from injury, pre/postnatal fitness, etc.
Tech-Enabled Fitness: With the increase in fitness monitoring gadgets like smart watches, fitness applications, technology is helping fitness coaches offer personalized and thorough training programmes.
How to build your Fitness Coaching Empire?
Here are some key steps you need to follow to turn your passion into a business:
Obtain Proper Certifications: Get the necessary certifications before training people.
Invest in Insurance: Protect yourself and your customers with liability insurance.
Develop a Strong Brand: Display transformation and success stories on your official website and social media profiles. Market Yourself Effectively: Network with gyms, yoga centers, and healthcare companies. Offer free consultations to attract potential customers.
Dropshipping is a low risk business for young, aspiring entrepreneurs. It enables you to sell products online without keeping inventory.
India’s e-commerce sector is experiencing significant growth, creating a fertile ground for dropshipping businesses to cater to online shoppers. Forbes
Why is dropshipping ideal for the Indian Market?
There are several factors that make dropshipping a compelling business idea:
Low Investment: There is no need to spend money on inventory.
Scalability: You can expand your product range without worrying about storage or stock management.
Flexibility: Operate business from anywhere with only the required internet connection.
Wide Product Range: Collaborate with other suppliers to cater your products to a broad customer base.
How to build your dropshipping empire?
Here is a roadmap to convert your idea into a successful business:
Market research: Research thoroughly about your target consumer, their needs and wants, and trending products in your niche.
Find Reliable Dropshipping Suppliers: Team up with reputable suppliers who provide quality products, efficient delivery services, and competitive prices.
Build a User-Friendly Online Store: Get a user-friendly e-commerce platform with clear product information and secure payment gateways. Marketing and Customer Acquisition: Use SEO, social media marketing, and influencer marketing to reach potential buyers.
The above-mentioned business blaster ideas for students are great for tapping into the potential of the surging Indian market. It will skyrocket your profits and give you a financial investment with the least amount of investment. The above mentioned ideas are also suitable for students because they are low risk business options.
Did you know that the word influence is derived from the Latin word influentem which means "flowing in." In the…
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