Online Business for Students: Your Winning Instruction to Build It from Scratch

Have you ever thought it would be awesome to start your own business and make big money? Many people get this thought, but what holds the majority from transforming their ideas into action? There are plenty of reasons – fear, lack of motivation, time, etc. However, is starting a business as a student that hard? Hopefully, our article will change your mind!

The 21st century and the development of technology have started a brand new era in the sphere of business. Today, on the Internet, we have plenty of earning opportunities and even more opportunities for implementing our ideas.

It may be quite challenging and stressful at first. The chances are that in the early stages, you will lack time for different college or uni assignments. However, there are plenty of tools that will help you with that.

Remember that whenever you are short on time to perform a college task, you can contact a reliable writing service. Whenever you need someone to fulfill your request write my essay online, the job will be done as soon as possible.

Now, let’s dive into the details of how to start a business in e-commerce and succeed!

Top E-Commerce Niches for College Students

In the modern world, young entrepreneurs have plenty of opportunities. However, it is fair to say that not every niche is suitable for a student due to a number of reasons.

Ideally, a perfect and easy-to-implement idea for a student should satisfy the following characteristics.

Flexibility – you should be able to run it without harming your performance. Thus, it has to be flexible enough to allow you to manage it from anywhere and at any time.

Lack of product-related issues. Businesses that are tied up on manufacturing, stocking, buying and shipping physical goods can cause busy students too much stress and problems.

Affordability. It is evident that young people are often on a tight budget, which means they can’t afford to invest lots of money in the implementation of their ideas.

These limitations define the perfect venture for a student. Now, let’s take a look at the best niches to engage in without burdening yourself with timing or product issues and overly high startup costs.

Affiliate Marketing

Building a business in affiliate marketing is one of the best ideas for college students. It doesn’t require investment, can be run from anywhere. You can start earning good money using your social media accounts, and it is an excellent way to gain a bit of experience in e-commerce. Besides, affiliate marketing can become a passive source of income for many years, even when you move on to a more ambitious venture.

Dropshipping

Dropshipping is the easiest way to sell goods online without having to worry about manufacturing, logistics, and other issues.
Besides, a small dropshipping venture has all the chances to grow into a full-scale business in the future, so it gives you good perspectives.

Blogging

If you are looking to engage in an entertainment-related e-commerce niche, blogging might be just the right solution.

Running a blog, you can share your talents, thoughts, and ideas with a broad audience and then grow your business to start selling advertisements, personal services, or goods via your blog.

Explicit Guide to Start Making First Steps in E-commerce

Engaging in any e-commerce venture, you are going to face lots of issues. However, with the help of our guide, it should be less stressful and much more effective.

Choose a Suitable Niche

First of all, you should have a clear idea of what niche suits your needs. Above, we have outlined some of the best ideas to consider. However, you can also think of other suggestions that sound good to you!

Pick the Right Product

Your next move is to decide what kind of products you are going to promote/sell/recommend to the audience. When selecting the product, make sure that it is relevant, demanded, and something you are interested in.

Define Your Target Audience

Apart from deciding what you are going to offer, it is vital to know who you are planning to reach. To find your target audience, think of the product you provide and who would benefit most from it.

This will help you outline your “perfect customers” and give ideas on how to reach out to them.

Pick the Right Selling Channels

As you might know, there are plenty of ways to sell goods. Some of the most commonly-used channels are selling platforms like eBay, websites, and social media.

Which one to choose? For students, various social media channels such as Instagram, Facebook, and others are the best choice!

First of all, using social media for sales won’t cost you as much as creating and maintaining a website. Besides, social media are a comfortable and familiar environment for most learners, so you shouldn’t have any problems figuring out how it works.

Improve Your Time-Management Skills

Lack of time is a pressing issue for most students. Thus, before starting a business, you should think of how you will separate working hours and studying.

Ensure Your Safety

Finally, when almost everything is set and ready, you should find an appropriate payment method that will allow you to ensure that you will get paid and not scammed as a junior entrepreneur.

Selling goods online can be somewhat tricky when it comes to billing. The Internet is full of scams, so it is crucial to ensure your safety.

To do this, we recommend using only trusted and secure payment methods. PayPal is currently the most favorable option, so it can be a good starting point for your e-commerce venture.

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Online Project Management Software for Small Business: Choose Wisely

online project management

According to findings, only 58% of organizations fully understand the value of project management. Meanwhile, a whopping 93% of organizations report using standardized project management practices. In fact, 77% of high-performing projects use project management software.

Between 2017 and 2018, the percentage of organizations using spreadsheets to manage their agile projects dropped from 74% to 67%. This is because these organizations moved to specialized project management tools.

When it comes to running a successful small business, you need a seamless project management software that helps you stay focused on your goals and achieve them without delays.

From getting through the early stages of planning, scheduling and communicating to managing critical resources, tracking costs and reporting, a robust project management program can make it all happen flawlessly. Further, it becomes easy to collaborate with utmost transparency in every process.

The main objective of small business project management software is to streamline and simplify tasks for project managers. It puts them in the driver’s seat where they get to decide on the whats, whens, whys, and hows of executing project-related tasks.

Thanks to easy collaboration, processes can be unified as different teams work together across several applications while staying abreast of the latest developments. Tasks such as file-sharing, task monitoring, reporting, and communicating can be carried out from one place.

In other words, a comprehensive cloud project management software will ensure that you’re always aware of the smallest details as well as the bigger picture.

Did you know that project performance has risen globally? In 2018, almost 70% of projects met their original goals or business intent, while around 60% were completed within the original budget. Both these numbers are up from 62% and 50% respectively in 2016.

Here are a few reasons why choosing the project management system that’s right for your business is of utmost importance.

  • While it is a challenging endeavor, using the right project management program can organize your business operations, enabling your organization to provide optimal outcomes through first-rate work processes.
  • In the modern business landscape, using manual and outdated tools such as paper-and-pen and spreadsheets to maintain records can prove to be highly ineffective and error-prone. These issues can be avoided with project management software.
  • Your clients expect high performance from your business. Missing deadlines, wasting resources, poor risk management, and similar issues can result in major trouble for you and may result in your project failing before even getting off the ground. None of this happens when you have an efficient project management system in place.
  • Effective client management is a critical aspect of growing a small business. The right project management tool takes care of this too.

Now, you might be wondering how to pick the right system for your small business, right!

Let me show you, How?

Take the below considerations in mind while choosing a project management software for your small business:

1. Best-in-Class vs Business Needs

A lot of small business owners make the mistake of buying high-end software that’s stuffed with features that promise to meet the needs of an entire enterprise. This type of software is usually promoted as “best-in-class.” However, you need to be smart and determine whether or not it is best for your business needs.

Usually, such a program ends up as shelfware. Business owners fall for shelfware by choosing from a couple of names based on top-of-the-mind recall. It is necessary to gauge the program’s features and benefits with regards to your business, and spend wisely on it.

While manual and spreadsheet methods may have served your business so far, you need to keep up with the changing times and harness technology to improve your project management processes and outcomes. While we do not recommended buying the next software you come across, we do suggest to determine the specific requirements of your business and select a program that plugs the gaps in the system.

2. Free Trials Are For You Only

It makes sense to actually try the project management tool at first to determine whether or not it fits your needs. However, don’t stop at one or two. Check out demos of 5 – 10 programs and shortlist a few to see how they work.

Take advantage of the free trials that most providers/vendors offer either under a limited account or for a fixed time period. If your provider doesn’t offer this facility upfront, feel free to ask about it.

Secondly, the software you choose should make communication and collaboration processes as flawless as possible. And, that’s why it is important to trail new software with team before buying it. Get their feedback on how the process is working for them. Doing so will also make your team feel involved in the decision-making process.

The duration of the trial should be long enough to allow you to gauge the software and feel convinced that it does fit your working style and business needs. Evaluate every provider to ensure that you don’t end up settling for a system, but get one that actually serves you well.

Most importantly, always remember to take the customer service and overall vendor responsiveness into consideration. Many times, even professionals make such small mistakes by overlooking the customer support which lands them into trouble later on.

Why you should never overlook the customer support?

In case, if you hit a roadblock or have certain questions on your mind and you contacted their support team but, you didn’t get the desired response. It will spell doom on your projects.

So, a wise move is to pose some queries and check their responsiveness in attending such queries, solutions that they provide. Doing so will enable you to see how receptive and co-operative they are.

3. Cost vs Capabilities

Regardless of the volume of the project, small businesses typically work within budgetary constraints. Picking software that best fits your unique business needs can, therefore, be a challenge. In such a case, it makes sense to get a program that offers you complete value for your money.

The cost of project management software varies from one provider to another. Some may cost as low as $50 while complex ERP solutions can set you back thousands of dollars. If you focus on getting quality software, you can consider your money spent well.

Some factors to consider include:

· What will be the ideal payment solution?
· Should you go for the subscription option or stick to monthly/quarterly/annual payments?
· How much will adoption and implementation of the program cost?
· Are you getting enough features/amenities for the price you’re paying?
· Will having the program cost more than running the business without the program?

The answers to the above questions will help you figure out whether or not the software can justify its cost.

4. Scalability For Future

Several small business owners end up buying a project management tool that caters only to their immediate current needs, overlooking the possibility of quick business growth. As they expand, they realize that their software isn’t flexible enough to accommodate the growing business demands and customer expectations.

This necessitates further expenditure on buying an advanced program. It is crucial to invest in a flexible and scalable project management system that grows as your businesses progresses. Make sure to get a program that allows you to add more features to it and upgrades as you grow.

5. Protection Against Cyberattacks

Underestimate the security aspect of your project management software at your own peril. Without a doubt, security is one of the most crucial factors to consider when investing in a software solution.

When your clients associate with you, they trust you with some of their most critical and confidential data. The last thing you want is to lose their trust and your credibility because a vested interest hacked into your software and stole/misused this sensitive information.

Apart from client data, your own business data, research, findings, patents and trademarks also need to be kept away from vicious online criminals.

Preventing/Avoiding Cyberattacks and other security issues should be high on your priority list from day one. Choosing a fortified and secure program will keep you safe from hackers, malware, viruses, and such.

It is recommended to check and recheck the security features of the software you’re planning to buy and gauge its reliability. Moreover, the vendor’s efficiency and dependability in backing up your data on a regular basis should also be factored into your decision. Determine whether or not they’re using a secure hosting platform to backup customer information, without hampering current operations.

Another consideration in this regard is the downtime. The project management solution you choose should be available at all times without any glitches. You don’t want keep your clients waiting because of problems with the project management tool and the inability of the vendor’s customer support team to respond to your queries.

6. Easy To Use Interface

One of the main reasons to invest in project management software is so business owners can stop worrying about daily operations and focus on business strategy.

With time being a luxury, the last thing you want to do is spend it learning the workings of your software, right!

It is crucial to get a project management solution that comes with a user-friendly interface and allows you work with it effortlessly without much training. The best programs require minimal training and enable users to work with them right away. This is because of their intuitive user interface.

One of the most overlooked factors here is that your software should minimize the risk of users getting it wrong and making costly mistakes. To ensure user-friendliness, your software should be:

  • Intuitive: The software should be easy-to-use even for novices, while being configurable by experts. Finding and changing software settings should be quick and hassle-free.
  • Accessible: The project management system should be easily accessible by both, on-site staff and remote staff with a login ID and password. Further, it should be accessible across devices and platforms.
  • Supportable: Features in cloud-based online project management software get upgraded regularly in order to maximize performance and boost outcomes. Your program should offer adequate maintenance and support in this regard either for free or at a reasonable price.

Conclusion

Choosing project management software that suits your specific business requirements is key to meeting your organizational goals. It can help you with enhanced decision-making abilities and customer satisfaction, resulting in unwavering success. However, don’t be fooled by fancy software making tall claims about its features. You may just end up with a higher cost and features that you don’t even need. Pay heed to the factors mentioned above, and you will be able to zero in on one that’s the perfect fit for your business, team, and clients.

Have you been using project management tools to propel your small business? Which feature(s) do you think is the most important? Tell us about it in your comments.