Entrepreneurship as a College Student
Most people have had an idea for a product or service that they thought would make them some money. Determining what project to work on is
This article will detail some of the potential avenues that an average college student could pursue if they are interested in the entrepreneurship. There will be two types of entrepreneurship discussed, a heavy and a light one. Heavy entrepreneurship will be discussed first. It deals with the building a product or service with the intent of acquiring mass appeal. Light entrepreneurship is more of a solitary hustle which consists of doing anything that involves making quick money without working for an employer.
I think entrepreneurship is an extremely creative activity. There is no direct path. Instead the possibles of making money are only limited to by what you can conjure up in your imagination. Yet that does not mean every idea is worth pursuing.
The number one rule is this: make something that people want. There are no exams or boss to please. There are only users. To the extent users want to use or benefit from your product is also the extent your product will succeed.
The next concern should be how difficult the product or service will be to produce and sell.
Sometimes a product may be very easy to produce, but very hard to sell. Take a T-shirt company. Anyone can hire a designer on Fiverr to make a great design for less than $50. And anyone can contract a printing studio to print the shirts. Moving those shirts is the hard part. Selling T-shirts requires serious marketing finesse. You have to build a lifestyle, a brand people identify with. Most importantly you have to build a passionate following that will buy your clothing regularly.
The importance of growing a passionate following applies to most all types of products and services. If you follow rule number 1, then it will be possible to grow a passionate following. But if you have a lousy product, no one will be passionate about it.
Expect your product to have a long development period wherin the build up of a following Some products require multiple people to be involved and have a long development period wherein the build up of a following or audience is necessary before relevant profit can be made. For instance take an online magazine such as Burning Tree Magazine. It requires a group of people to contentiously deliver great content and grow it's reader base.
Then there are solo activities that can produce profits relatively quickly. This could include buying in bulk generic items then selling them some place where people will pay a premium price like a concert/public event. It is very difficult to buy in bulk generic items and sell them on an online. Unique products like handmade jewelry, clothing, can be sold profitably online at places like Etsy. eBay, a personal website, or at physical locations. However these require an audience that really likes the products you produce or else very little to no one will purchase the product. etc market place Movment.
It also is requires a lot of hustle involves coming up with You don't necessarily have to register a business in order to be an be involved entrepreneurship activities, but eventually it will be necessary. Further, inside this article there will be practical information