I was just travelling about in my daily business activities, meeting clients etc and I noticed this recently. Around universities and colleges, business is brisk. Not all type but most. This is off course due to the high student population. Students nowadays have fairly high disposable income.
So, if you are providing computers peripherals and computer repairs, that’s a good business to be in. Besides that, food related business! People need to eat. Students even more. In between class, many hang out at cafe’s to chat, to study, to socialize etc.
Next, florist. This is the age when romance abounds. Nothing like a smitten guy to spend loads of cash to woo his potential partner. Besides new romances, Valentines Day will be a windfall for such a florist. What about birthdays, and prom night? All these will generate regular income as well as windfalls.
Car repairs and modification. Many students have cars today. They need servicing. Besides servicing, there is one industrial area which modifies cars. And …. yep … you can see students modifiying their cars. From the lowly Protons and get this, all the way up to Mitsubishi Evolutions and WRXs. Talk about having rich parents.
Now, make sure your business is in private colleges. This is where the kids with cash goes to. Nearer public universities, most likely the students are not that well off. Even then, rental properties, stationary and photocopying services are businesses you can consider.
Last, not forgeting mobiles phones and prepaid reloads. There you have it. Several ideas for you to make extra income.
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I agree with you: college campuses are huge potential markets for anyone looking to make a buck. Unfortunately, it can be very hard to get approval to do business on campus. Many schools have long-standing deals with the businesses already in place, and it can take a lot of start-up money to get your foot in the door. Otherwise, I guess you could locate off campus and just direct your marketing towards the students. But then you’d be just like every other business in town…
It might and it might not. I think that would certainly hold water in certain areas. The campuses that I mentioned in my post is not those purpose built campuses. It was first a commercial area that overseas college began operating and has grown over time to become a student oriented area.
Not all campuses will be like what I mentioned. But the point I wanted to make, is that it might be easier to identify and provide services in a high student traffic area.