Online Business Ideas For College Students
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| Online Business Ideas For College Students |
50 online business ideas for college students, those who want to get started
In this article we will discuss the online business ideas for college students, certain periods that prove to be favorable to awaken the vocation of business creators that lie dormant in some of us. The beginning of a monetary emergency and a lot of vulnerabilities, the accounts of companions abandoned following quite a while of reliability to a business or essentially the deficiency of a sense of belonging to your company.
Overnight, the need to take control of one's destiny resonates as obvious.For some future supervisors, making the stride is all the simpler when they've been agonizing over a thought for quite a long time, even years.
But for others, if the desire is there, the good idea is still long overdue. It is for them that we have listed 50 innovative concepts unearthed abroad which are still not very widespread in our regions. It's up to you to be inspired by it to become a successful entrepreneur!
Read also: Ten new business ideas to get you started But beware, from dream to reality there is often a world. Leaving the comfort of a salaried position for the uncertainty of independence is not easy. For Philippe Gaemperle, head of Genilem, the association supporting new entrepreneurs, it is especially important to mature your decision before starting.
A good project needs to be prepared a long time in advance, when you can still take advantage of your employee status to stake in the evening and on weekends on this new company. At Genilem, only one in forty cases on average benefits from the association's monitoring and support for half a day per month.
We reject a great deal of activities, ineffectively set up, misguided and destined to disappointment.
In fact, one of our main responsibilities is to discourage people who underestimate the difficulties they are about to face. ”
In addition to a great idea, you have to think about the added value of your product, know how it is different from what exists on the market and how the company will make money. Then it takes a good dose of realism and anticipation by remembering, for example, that the production of a product in series will have implications other than the manufacture of a prototype. “In the end, the companies that we agree to support have a survival rate of 93% after three years, which is a very exceptional percentage in the new business sector.”
Read also: When kittens inspire business ideas
Here is the model to follow online business ideas for college students, now it's your turn to play!
Online Business Ideas For College Students: Sale The luxury thrift store
The idea: The wardrobes of city dwellers are full of treasures: almost new classy shoes, a suit bought in a small boutique worn only once for a big occasion, branded bags or belts. But with the economic crisis, the purchasing power of consumers is diminishing. Hence the idea of connecting those who wish to part with part of their wardrobe with potential buyers.
How it works: You just need to rent a shop somewhere in town to get started in second-hand clothing. But with an expert eye you do not compromise on quality: only pieces of real interest find a place in the display case. The clothes are taken on consignment for a maximum of one month and you collect a solid percentage on the sales.
Initial investment: low
Risks: low
Potential return: $$$
Used sports articles
The idea: Many athletes equip themselves from head to toe before realizing that this material is not suitable for them or switching to a different sport. Sport Junkies has turned this into business by guaranteeing the quality of used sports articles unlike websites.
How it works: The first two Sport Junkies stores in Canada have thousands of consignment items. The principle is that each article presented drops by 10% in price each week. The original owner receives 70% of the final sale price. it's a brilliant online business idea for college students.
Initial investment: low
Risks: medium
Potential return: $$$
www.sportsjunkies.com
Online Business Ideas For College Students: Free sample store
The idea: The Chinese have just created Sample plaza, a showroom filled with new products not yet released to the market. Products that consumers can test. For their part, manufacturers have a large test sales area.
How it works: Consumers pay a fixed annual subscription that allows them to come as often as they want. Each time, they can leave with five products, as long as they fill out a form on each one.
Investment: high
Potential return: $$$$
www.design-studio.cn/case/sampleplaza/html/
The costume that can be ironed on its own!
The idea: Bringing your suit to the dry cleaners is time consuming and expensive. Why not create a costume that cleans itself?
The operation:
Basic investment: low
Risks: low
Potential return: $$$$
www.merinoinnovation.com
INTERNET
Online Business Ideas For College Students: Sale of razor blades by subscription
The idea: Some are already doing well by selling socks by subscription. Why not copy the concept for other equally useful items like razor blades.
How it works: To avoid the creation of a large distribution network, everything has been bet on the Internet and the subscription. As a result, its prices are much lower than in supermarkets.
Initial investment: medium
Potential return: $$$$
www.razwar.com
The party shop
The idea: Mass retail has killed the joke shops, but the Party Fiesta franchise brings them back to life in a modernized form with stores where you can find everything you need to throw a party.
How it works: Located in shopping malls and city centers, Party Fiesta stores contain 10,000 different items ranging from costumes to cardboard plates. Sales margins are over 60% and the company promises a return on investment in less than three years.
Initial investment: medium
Risks: low to medium
Potential return: $$$$$
www.partyfiesta.com
The low-cost garden center
The idea: In this era of low-cost, Garden Price applies the recipes of hard discounters to the garden center. A promising concept with an overall gardening market growing by 3% per year, while consumers are increasingly attentive to price.
Operation: Modest premises on the outskirts, limited staff and margins under pressure. The result: prices 20% to 30% lower than the competition.
Initial investment: medium
Risks: medium
Potential return: $$
www.gardenUSD
Online Business Ideas For College Students: Make the crowd a sales force
The idea: In the crowd of crowd sourcing, some have imagined the use of Internet users to sell a product or give an opinion on something.
How it works: Site users specify the type of sale they are looking for and the fees they are willing to pay. Interested Internet users can then sell outside of the site but return to the site to collect their salary through PayPal.
Initial investment: low
Potential return: $$
www.leadvine.com
Online Business Ideas For College Students: Buy and sell info
The idea: Womzone.com is the first paid platform for the exchange of information between individuals. It is intended for both supply and demand, It’s a best online business idea for college students.
How it works: You have good information, a good plan, a tip, you put them on sale on Womzone for the price you will get. If you are looking for info, you post an ad. Womzone is remunerated by taking a 30% commission on transactions. In France, Womzone launched in 2008 now has 30,000 members and has raised 600,000 euros so far.
Initial investment: low to medium
Risks: low
Potential return: $$
www.womzone.com
Online Business Ideas For College Students: A safe for digital data
The idea: Photos, documents, data ... the digitization of information is exploding the memory capacities of our computers. Why not create virtual safes for numeric values? Wells Fargo has been doing this for a year in Silicon Valley.
How It Works: For $ 4.95 per month, Wells Fargo vSafe rents the user a gigabyte (10,000 Word documents) space. In addition to the very high level of access security inherited from banking IT, the establishment back-up information and guarantees its sustainability. The price seems decisive because ABN Amro, which has launched a similar but more expensive service, will stop it.
Initial investment: high
Risks: medium
Potential return: $$$$$
www.wellsfargo.com/wfonline/wellsfargovsafe/index
Online Business Ideas For College Students: Rent your parking space
The idea: With two million underground parking spaces to rent, Parkopedia has become a benchmark in the field. But why not also rent your private parking space when you are away, whether for a day at work or for a vacation period?
How it works: Parkatmyhouse.com offers individual owners of parking spaces to rent them online. It is free for private rental companies and those who own private car parks. Professional parking operators pay 15% to the site if they rent a space through this.
Initial investment: low
Risks: low
Potential return: $
www.parkatmyhouse.com
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| Online Business Ideas For College Students |
Online Business Ideas For College Students: E-commerce to subsidize software
The idea: When they access a document written with software they don't have, people often refuse to download it because they have to pay. To sell this software, TrialPay offers it free of charge, subject to another purchase at a partner online store. It’s another working online business idea for college students.
How it works: TrialPay has agreements with software publishers and e-commerce sites. When using it
When the user is offered the software, they have the option of purchasing another item (a pull gap, a subscription to The Economist, DVD rental…). If he does, he receives the free trial software as a bonus with his purchase. The trial is sponsored by the e-merchant at the price of a high-performance advertisement (leading to a purchase) on the Internet.
Origin: Founded in the United States three years ago, TrialPay has 7,500 partner online stores in America. They have completed more than 30 million business transactions through this.
Initial investment: medium
Risks: low
Potential return: $$$$$
www.trialpay.com
MOBILITY
Online Business Ideas For College Students: Stylish cycling helmet
The idea: It's a safe bet that bicycle helmets will soon be compulsory. But, for the moment, the helmets available on the market are mostly functional rather than trendy. So make this utility a fashion item.
How it works: The Yakkay company has developed a helmet cap that makes it downright fashionable and conceals the helmet. Very comfortable to wear. You can implement this idea as an online business source as well.
Initial investment: medium
Potential return: $$$$$
www.yakkay.com
Electric bicycle repair
The idea: We see more and more electric bikes in the streets. While these are available from traditional bicycle dealers, they are also available in supermarkets. How to fix them quickly?
Operation: a passion for cycling and DIY are imperative to start this repair activity. To put butter in the spinach, you will have to consider selling second-hand bikes at the same time. Electric cycles but also traditional bicycles, because the demand for them remains enormous.
Initial investment: low
Risks: low
Potential return: $$
Online Business Ideas For College Students: Sell cargo bikes
The idea: Most delivery vehicles are over sized or too heavy for city centers. A cargo bike weighs 100 kilos, it is propelled by the calves of the delivery man aided by an electric motor with a range of 30 kilo meters and its load capacity reaches 180 kilos.
How it works: This new means of urban delivery is sneaking up everywhere and it's ecological. Offering delivery services in this mode could be very successful, as could the rental and sale of this type of vehicle. You can implement this idea as an online business source as well.
Initial investment: medium
Risks: low
Potential return: $$$
www.lapetitereine.com
CHILDREN AND THE ELDERLY
The children's birthday industry
The idea: To relieve parents of organizing birthdays, to reduce the costs of entertainment and snacks, game arcades merged with restaurants and franchised the concept.
How it works: The recreation center organizes everything from birthdays and invitations to afternoon tea menus, shows and games. The price is fixed. Usually present in shopping centers, the place is also open to other children whose parents go shopping.
Origin: It was Nolan Bushnell, the founder of Atari, who created frontman Chuck E. Cheese's in 1977 as a gaming arcade. There are more than 500 brands in the United States and the company, listed on the stock exchange since 1989, has begun its expansion in Latin America and the Middle East.
Initial investment: medium
Risks: medium
Potential return: $$$$$
www.chuckecheese.com
Online Business Ideas For College Students: The job site for young mothers or young retirees
The idea: They are not 100% available but they offer a very interesting helping hand for part-time or short-term assignments. And it's a breeding ground for talent!
Operation: For each work provided, www.careetmums.com charges a small commission. A real win-win situation.
Initial investment: low
Risks: low
Potential return: $$$$
www.careermums.com.au
Online Business Ideas For College Students: Baby luggage delivery
The idea: Some families give up going on vacation in the sun, discouraged by the need to take all the equipment necessary for the daily life of a newborn baby on the plane. Hence the principle of delivering the stroller, travel cot and everything else to their vacation home.
How it works: Two weeks before your departure, all you have to do is register on a website and you will receive a plan for taking care of the baby's belongings. Your luggage is collected from your home and delivered to your destination on the day of your arrival on vacation.
Initial investment: low
Risks: low
Potential return: $$
www.tinytotsway.com
Online Business Ideas For College Students: Video games for senior drivers
The idea: US insurer Allstate recently launched a survey program for senior drivers. The goal, to reduce accidents and bonuses through a video game.
How it works: the game "Insight" aims to overcome age-related cognitive alterations and improve visual reflexes.
According to the first results, accidents are reduced by 50% among those who follow the program. Why not offer to market this software, once the last updates have been made, in Switzerland?
Initial investment: low
Potential return: $$$$
www.allstate.com
Online Business Ideas For College Students: Slide saviors
The idea: The slides and films of our childhood are doomed to fade into oblivion ... unless we digitize them in an Internet-compatible format.
How it works: Video Forever's services are available from 500 points of sale and partner counters. The customer brings his equipment and leaves with images available on DVD and posted on the Internet.
Initial investment: low
Risks: medium
Potential return: $$$
www.videoforever.com
FINANCE AND CONSULTING
Online Business Ideas For College Students: Fully independent financial analysis
The idea: Since the Enron affair, the recommendations of bank financial analysts are no longer systematically "buy". The financial crisis has shaken confidence, however, and the "neutral" recommendation does little to help investors. With recommendations or buy or sell, the 22 Alpha Value analysts cover 500 European stocks. Financially independent, they no longer have any connection with investment banking, portfolio performance or brokerage.
How it works: Alpha Value for large caps and IDMidCap for small companies operate on a subscription basis. For professionals, Alpha value charges 23,000 francs per year for its services. A lighter version at less than 500 francs per year will be launched this fall.
Origin: France. Independent financial analysts are not new, but they usually operate on their own. Alpha Value has transformed an idea that appeared in the United States with Value Line to make it a European company.
Initial investment: high
Risks: medium
Potential return: $$$$$$
www.alphavalue.com
Online Business Ideas For College Students: The Consulting Ikea
The idea: By bringing together business leaders and SME executives once a month, Vistage created the do-it-yourself of management. Instead of submitting their problems to consultants, network members expose them to their peers. They answer it for much less and can even play the role of coach.
How it works: Vistage International is a network of 16,000 business leaders and executives who meet in groups of 15 people from companies that are not competitors. Each presents their problems and the others offer solutions and follow-up based on their experiences.
Origin: Vistage International was founded in 1957 in the United States. Since 2005, thanks to the Internet, it has experienced growth of more than 10% per year and surveys its members to produce a barometer of business leaders' confidence.
Initial investment: low
Risks: low
Potential return: $$$
www.vistage.com
Online Business Ideas For College Students: Platform for hosting hedge funds
The idea: Switzerland has a good card to play in the field of alternative management. Traditionally, hedge fund managers are based in London which has long offered the most attractive terms. But there, taxes on top incomes have recently risen from 40% to 50% and the UK authorities are planning to raise the tax burden on service companies from 13% to 20%. An exodus of these financiers to more lenient skies is then possible.
How it works: To begin with, you have to find a nice area of about 600 square meters in a modern building. This surface is likely to accommodate five hedge funds in which three to ten traders would work. These premises must be at the cutting edge of technology (air conditioning, Internet connection, powerful computer system). In addition to the provision of offices, administrative management (back-office, etc.) is ensured. In return, a substantial rent or a possible equity investment in alternative funds is required.
Initial investment: high
Risks: high
Potential return: $$$$$
www.mwam.com
MARKETING AND ADVERTISING
The big advertising cleanup
The idea: At a time of guerrilla marketing when advertisers are always more fond of new ways to get people talking about themselves and their products, GreenGraffiti, a company based in the Netherlands, had the idea of creating advertisements in the streets of cities using the only power of water.
How it works: Armed with a jig and a high-pressure sprayer, the company cleans sidewalk squares or the surface of walls and produces a beautiful monochrome advertisement! Neither paper, nor ink, nor even authorization, this process allows these messages to be "printed" on the road, sometimes for more than six months. It’s another methodology / online business idea for college students.
Origin: Netherlands. System created in 2006 by design company Hemshaven and guerrilla marketing firm GreenGraffiti. Among their clients are the advertisers Elle, Telfort, Universal Music or Smart.
Initial investment: low
Risks: low
Potential return: $$
www.greengraffiti.nl
Online Business Ideas For College Students: The graffiti wall!
The idea: Provide Street Art fans with a medium to express their talent outside city walls! Thanks to a screen, artists can now legally use their sprays to create virtual graffiti with paintless sprays.
Operation: These rented screens also make it possible to create animations during various events and could even be of interest to schools and other leisure centers.
Initial investment: medium
Potential return: $$
www.yrwall.com
Online Business Ideas For College Students: Make any surface an interactive screen
The idea: Using software, turn your passive customers into active participants and showcase your strengths in an original and fun way.
How it works: In concrete terms, software projects content onto a given surface, and your bar or a wall that has become a screen can follow the client's movements to enable him to get information, play with other people, surf the Internet. Not new but in full development.
Initial investment: low (if you land a contract with Mindstorm)
Risks: low
Potential return: $$$$
www.mindstorm.com
Online Business Ideas For College Students: Multisensory spaces for companies
The idea: To provide a much nicer place than an austere conference room to sign a contract with a client or host a meeting with collaborators.
How it works: A Canadian company has designed a multisensory space that can be installed anywhere to create an oasis of relaxation and calm or colorful graphics, accompanied by sounds and scents, offers a completely new world of work.
Initial investment: low
Risks: low
Potential return: $$$$$
www.kapsel.ca
Free coffee cups paid for by the pub
The idea: Allow businesses to give away good cups for drinking hot coffee while saving money since these cups will be free.
How it works: By finding advertisers who want to advertise these cups, you pay the price of the cup, the impression, and your margin, and you just have to deliver them to businesses that want to save money. A win-win situation for everyone. A very good online business idea for college students.
Initial investment: low
Potential return: $$$
www.freepapercups.com
Advertising ashtrays
The idea: How to take advantage of the ever more widespread smoking ban in restaurants and public places? A Belgian company has decided to create an ashtray placed outside buildings with a screen to broadcast advertisements or any other message.
How it works: Smokers grouped together in smoking rooms are captive and attentive to advertising messages projected on the screen. Nestlé, Mars or Vodafone are already advertisers on this medium. Good to go with the methodology we design for those who want to get started OR an online business idea for college students.
Initial investment: medium
Risks: medium
Potential return: $$$
www.ashvertising.com
TOURISM
Take a blind tour of the city
The idea: Cities compete for ideas to attract tourists throughout the year. To expand the activities offered, hire blind people and create a city tour with them according to their perception.
How it works: Tourists, blindfolded, will discover the smells, sounds, textures of this city in a very original way and will keep a marveling memory.
Initial investment: low
Potential return: $$
www.cabracega.org
Online Business Ideas For College Students: Develop applications for your region thanks to Geo location
The idea: GPS will soon be fitted to all cell phones. Why not develop applications that allow passing people to discover your region.
How it works: Guide tourists step by step to the best walks in town, the best restaurants normally inaccessible to tourists, introduce them to unexpected views of the city and negotiate commissions with the partners you speak of on the route. It’s a simple strategy OR an online business idea for college students.
Initial investment: high
Risks: medium
Potential return: $$$
FOOD, BEVERAGE, HOSPITALITY
Online Business Ideas For College Students: Draft beer at each table
The idea: In bars, while waiting for the waiter to take an interest in them, customers don't consume. And servers are expensive. A company therefore created a draft beer system that could be installed on each table.
Operation: A tap placed on each table coupled with a counting system for the beers served, allows restaurateurs to limit their personnel costs and facilitate consumption by their customers.
Initial investment: low
Risks: medium
Potential return: $$
www.tabletap.com
Feast on chocolate without taking a gram
The idea: Chocolate addicts often have to quit drinking for health and overweight reasons. The principle is to offer them the same sensations, without the sugar and calories.
How it works: The whif allows you to "eat" chocolate by inhalation. Inhaling, a delicious sensation of chocolate is deposited on the tongue and the palate.
Initial investment: low
Risks: low
Potential return: $$$$$
www.lewhif.com
Online Business Ideas For College Students: The sommelier for dummies
The idea: White with fish, red with cheese, etc. Amazing Wine Food Company took the wine pairing a step further to sell wine paired with a specific dish.
How it works: The company called on great sommeliers for the choice of wines. His intervention focuses on packaging. Instead of an appellation or grape variety, the label highlights the everyday dish that goes best with a table wine. A good online business idea for college students.
Origin: United States. Departing from California last spring, the “Wine that loves” brand offers ten different wines to accompany roast chicken, pizza, pasta with tomatoes. It is present in retailers in a dozen states.
Initial investment: medium
Risks: medium
Potential return: $$$$
www.winethatloves.com
The coffee grocer
The idea: Shopping for groceries, flowers and newspapers, while taking a coffee break to pick up emails using free wi-fi, is possible in Paris. The Chez Jean chain meets the needs of an angry urban clientele with the opening hours of traditional shops.
How it works: Open seven days a week from 7 am to 11 pm, the store offers a full range of services, from the socket for recharging laptops to the cash dispenser. Croissants in the morning, sandwiches at noon and in the evening, an “SOS empty fridge” offered with vegetables and grains.
Origin: France. The concept was launched in early 2009 by the Casino (mass distribution) and Relay (newspaper kiosks) groups, a subsidiary of the Hachette group.
Initial investment: medium
Risks: low
Potential return: $$
The hotel for broke executives
The idea: Reduce travel costs for business executives.
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| Online Business Ideas For College Students |
How it works: The B B hotel chain offers the appropriate services: free wi-fi, Canal +, single and functional room for 42 euros per night. And the hearty breakfast at 5.65 euros.
Origin: France. B B was founded in 1990 by a Breton hotelier, the brand was acquired by the French fund Eurazeo and is experiencing a 10% increase in turnover.
Initial investment: medium
Risks: medium
Potential return: $$
www.hotel-bb.com
The artisan of orange juice
The idea: From its inception, the concept won over trendy addresses in Zurich. The range of products has extended to exotic fruit juices and organic teas.
How it works: Shipments of fruit arrive daily at a small factory in the industrial district of Zurich to be pressed overnight. In the morning, they are delivered to restaurants, retailers and hospitals in the region.An applicable online business idea for college students.
Origin: Switzerland. Founded in 2002 by a Zurich entrepreneur, Zamba now has more than 500 clients, including five-star establishments with the Swiss Deluxe Hotels label.
Initial investment: high
Risks: high
Potential return: $$$$
www.zamba.ch
The antithesis of energy drinks
The idea: At a time when all young people swear by energy drinks, a company has decided to launch a calming drink.
How it works: Instead of giving you a boost, the Slow Cow drink contains theanine which invites relaxation and promotes a feeling of well-being. In addition, this substance is known to increase mental acuity, induce relaxation without causing drowsiness, reduce stress, improve concentration and quality of sleep. An entire program!
Initial investment: medium
Risks: medium
Potential return: $$$$
www.slowcowdrinks.com
ECOLO TREND
The solar panel champion
The idea: Solairedirect installs solar panels on the roofs of individuals as well as in municipal parks.
How it works: The website provides a simulator to assess the potential savings from solar. The firm provides information on tax credits and subsidies. It also provides long-term maintenance. A useful tip OR online business idea for college students.
Origin: France. A former investment banker created the firm, which became a partner of WWF three years ago. Between 2007 and 2009, turnover quadrupled to reach 100 million euros.
Initial investment: medium
Risks: medium
Potential return: $$$
www.solairedirect.fr
The green wall specialists
The idea: A wall from which plants grow. An increasingly popular decoration. Heliotrope in Angers provides solutions for both interior and exterior.
How it works: In 2007, two landscapers developed modular panels that could accommodate the widest range of green plants.
Origin: France. The company has already reaped a harvest of corporate awards and is drowning in orders. She is looking for distributors on her website.
Initial investment: low
Risks: medium
Potential return: $$$
www.heliotrope-europe.com
Online Business Ideas For College Students: Checklist library
The idea: How not to forget anything before going on vacation, how to organize a wedding, a divorce, a big party or the children back to school?
How it works: A single website but thousands of solutions to all your problems since the designers think of everything for you. All you have to do is click on your current problem to find the checklist corresponding to your needs. You will earn your money by advertising or by charging for more personalized advice. It applies to online business ideas for college students.
Initial investment: low
Risks: low
Potential return: $$$
www.checklists.com
Keep the unemployed in good shape
The idea: Depressed unemployed people tend to let themselves go physically and go out less and less when contacts are very important in finding a job. Why not offer them to play sports and make contacts at the same time?
How it works: Paid by unemployment, the bad times boot camp courses bring together the unemployed several times a week for jogging or other physical activity. Suddenly, they keep in shape while taking care of their network.
Initial investment: low
Risks: very low
Potential return: $$$
www.badtimesbootcamp.com
FRANCHISE
Fast food and French tradition
The idea: Brioche Dorée is the antithesis of McDonald's and Starbucks.
Operation: The company relies heavily on product quality and hospitality. Through a nine-year franchise agreement, she commits to finding a location, studying the state of the local market and training staff for eleven weeks.
France. Founded in 1976, Brioche Dorée owns 335 restaurants, including 80 franchises in France and 104 abroad.
Initial investment: high. The franchise entry fee is 30,000 euros and the total investment required between 500,000 and 700,000 euros, of which 20% to 30% is the responsibility of the franchisee. Risks: medium. The demand for fast food is high, but the supply is already substantial.
Potential return: $$$
The right calculation
The idea: CityMath is a franchise specializing in tutoring in mathematics.
How it works: CityMath sets up course agencies in towns with 10,000 to 30,000 inhabitants.
Origin: For the moment, this franchise does not have a presence outside its country of origin, France.
Initial investment: low. With only 5,000 euros entry, CityMath is one of the most affordable franchises. The minimum personal contribution is around 11,000 euros.
Risks: medium
Potential return: $$$
The art of success
The idea: Are you artistic and creative, and would you like to use this knowledge for a living? Stained Glass Overlay (SGO) is a decoration and design glass franchise.
How it works: Thanks to a patented glass design process, you create stained-glass windows or works on glass intended for residential and commercial markets.
Origin: United States. SGO is also present in 37 countries.
Initial investment: high. The total investment is between $ 90,000 and $ 120,000, including entrance fees, setting up the facility, training and initial marketing campaigns.
Risks: high
Potential return: $$$$
The fisherman's restaurant
The idea: To offer a range of healthy meals, based on seafood for the prices of a fast food restaurant, in a minimal but pleasant setting.
How it works: There is fish waiting on the ice, as if it had been auctioned off after fishing.
Origin: Germany. Based in the port of Bremen, the company was founded in 1896 by fishing companies. The label which operates 400 restaurants in four countries issues franchises.
Initial investment: medium
Risks: medium
Potential return: $$
www.nordsee.com
Take advantage of the environmental advantage
The idea: Manage the design, production, installation and maintenance of equipment such as photovoltaic, thermal, heat pumps or wind turbines.
Operation: Via its design office and its purchasing center, Winsolar, Atout Soleil supplies its franchisees.
Origin: France, with a presence in several European countries.
Initial investment: high.
The minimum contribution is around 75,000 euros.
Risks: low
Potential return: $$$$
Refill your ink cartridges
The idea: Refill ink cartridges from printers
How it works: Point d´encre offers individuals as well as businesses and administrations the refill of more than 300 references, whether they are color, black, laser or inkjet cartridges. Origin: France.
Initial investment: medium. Point Encre does not charge entrance fees from its franchisees, but a royalty of 5% of turnover. The minimum initial contribution is 20,000 euros.
Risks: low
Potential return: $$$$
Online Business Ideas For College Students: Photography in all its forms
The idea: To bring originality to the photography market, Flash Dimension markets a multitude of products based on the film or digital photos of its customers: jigsaw puzzle, key ring, statuette or photo sculpture.
Operation: Flash Dimension provides its franchisees with its know-how, training and equipment. Origin: France
Initial investment: low. From 10,000 euros.
Risks: low
Potential return: $$$
With rose water
The idea: Self-service selling flowers has made Monceau Fleurs a successful franchise with more than 150 locations.
How it works: The brand has created a purchasing center that supplies worldwide. Franchisees therefore benefit from a supply of flowers at competitive prices.
Origin: France, with a presence in Spain, Luxembourg, Portugal, Andorra, Italy, Belgium, Japan and Germany
Initial investment: high. € 80,000 minimum initial contribution, including € 16,000 entry fees.
Risks: medium
Potential return: $$
"It's time to get started"
Raphaël Cohen as a business angel, CEO and professor of entrepreneurship, is an excellent connoisseur of business creation. He gives us his advice.
Raphaël Cohen: For me, there is no better time. During a crisis, the balances change and the rules of the game too. All of this creates opportunities, in particular because new professions are born while others disappear. Now is the time to get started.
You still have to have a good idea. How do we know?
First of all, as we are talking about online business ideas for college students, you have to ask yourself if your project meets a real need. In fact, as soon as you reduce frustration, you have a good idea. If so, do I have enough competitive advantages to offer over existing alternatives? Then you have to know if the game is worth the candle. In other words, if the efforts that one will deploy to carry out his project will result in an interesting return. Finally, you have to ask yourself if you are able to adapt to factors that will directly influence the success or failure of your project, such as not earning money for a while or not seeing his family.
What are the most common mistakes made?
In short, new entrepreneurs overestimate the demand and underestimate the difficulties as well as the resources required. For example, some have mastered the product they want to launch but they do not know their future customers or how to access them. Carried away by enthusiasm, they tend to forget the uncertainties associated with their project. This discredits them when they seek financial support.
Where should the funds be sought?
To rely on the banks is illusory. There remain the three "F": Family (family), Friends (friends) and Fools (the unconscious). And outside of these three circles, there are still the venture capitalists who seek huge and rapid returns on investments as well as the business angels who will invest themselves in the success of the company in areas that they are often very familiar with. good.
How do you convince business angels to follow you?
You have to learn to speak their language by presenting them with an opportunity file in line with their aspirations. For them, the important thing is to gauge the quality of the entire process. If you are an engineer, show that you have thought about the marketing and distribution aspects of the product. Take an approach that integrates business and technology. Show the determination to succeed while knowing the limits of your project and recognizing your weaknesses. Train yourself in the tools of entrepreneurship so as not to stumble out of ignorance, like 40% of start-ups. It goes to an online business idea for college students.
If you had to give your key to success, what would it be?
To set up a successful business, you have to be interested in people. The product in itself has no importance, the only interest linked to this product is to know what it can do to satisfy a need of the customer for which the latter is ready to pay. Therein lies all the stake of any business.
The franchise: a good safety net
Ideal for your first steps as a freelancer: the owner of the brand knows the market and will give you the best advice OR online business idea for college students.
The principle: "Franchising is a 'business marriage' between an existing company (the franchisor) and the owner of a new company (the franchisee)", explains Marc Häsler, lawyer for the firm MH Law Avocats, in Morges. and specialist in franchise contracts.
The advantages: “When you start a business on your own, you inevitably make mistakes: you choose a site that is not suitable, your concept does not find its customers or you choose your products poorly. With a franchise, you avoid all these pitfalls, ”says Marc Häsler. In addition, the franchisee has the reputation of the brand and a concept that has proven itself. Sectors: Hotel, clothing, hairdressing, security, gastronomy ..., franchises are developing in many areas. "If the contracts are varied, they generally follow the same logic: the franchisee pays an entry fee, then a percentage of his turnover, generally 2% to 10%", specifies Marc Häsler.
For example, in the Accor hotel group, which owns 39 hotels in Switzerland, including 6 franchises, “the entrance fee is between 400 and 2,500 francs per room. The franchisee must then pay between 5% and 8% of its turnover per month to the group, details Georges Schneider. In return, our franchises benefit from the prestige of our brand, the loyalty of our customers and our reservation system. ”
Exemplary successes: The best and most frequently cited model remains McDonald's. The restaurant chain has 147 establishments in Switzerland, but only 54 belong to the brand. The other 93 are owned by 29 franchisees. "The interest for the franchisor stems from the fact that this type of contract makes it possible to develop without committing any money", explains Georges Schneider, CEO of Accoren Switzerland. Exactly what is currently pushing Luciano Luppi, director of Harmony Fitness centers, to turn to the franchise. "I made my five habitats with my own assets. But today it is more difficult to borrow from banks. To continue expanding Harmony, I'm going to turn to the franchise. A first franchised center should see the light of day in 2010. "
Possible failures: Not all activities lend themselves to franchising. “The brand must have proven itself and the activity does not depend on one person,” says Marc Häsler. For example, a restaurant recognized for the quality of its chef does not lend itself to franchising. Without this leader and somewhere else, it won't work. ”
Conclusion :
Is this the right time to start a business in times of crisis? As we covered online business ideas for college students and some sort of offline business ideas as well, the matter of fact that it’s all about is to take action.
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