College towns present good business opportunities for
investors. The town’s guests are basically the students, lecturers and parents
visiting the college town. A smart entrepreneur can leverage on the population
and offer specialized services.
To succeed make sure the business meets the demand for
students. In such communities local residents have found such institutions a
blessing financially. If you live in a college community here are 14 small
business ideas.
14
lucrative Business Ideas for College Towns
1. Business
Center
A business center is basically a place to carry out
document related services. The center provides fax services, photocopy,
printing and typing services. Others include book binding, lamination, digital
passport photography and other related services
2. Vending
Machine
Vending machines are very popular and a good money maker.
Make sure the machine is placed in a
popular hangout with lots of people. Stock the machine with items like drinks,
snacks and magazines.
3. Resume
Writing
College students and graduates need a good resume. If you
offer such services you will attract lots of customers. The business will grow
organically and you will get lots of recommendations, referrals and word of
mouth advertising.
4. Night
Club
If you have some cash to spare you can open a nightclub.
Students are usually restless and need occasional distraction from academic
life.
5. Laundry
Services
Laundry services are perfect money spinners in college
towns. Many students are not keen on washing their cloths and would readily use
the service.
6. Tailoring
Service
If you have a flair for sewing, open a small tailoring
service. You could offer sewing, scratch, amendments or patchwork. Provide
alteration services and design new outfits for sale.
7. Barbing
Salon
Another highly profitable business is a barbing salon.
You don’t need a shop to offer barbing services. All you need are good clipper,
cups, mirror and other salon paraphernalia.
8. Open
a Cyber Café
Despite the proliferation of smart phones with internet capacity
students need cyber cafes. They use the cafes to read books, complete
assignments and browse for information.
9. Open
a Bookstore
You could open a bookstore close to the campus. Make sure
you stock relevant publications based on their curriculum. Find out from
students publications they need and stock a few. Stock your bookstore with
stationers like biros, pencils, and note pads.
10. Restaurant
Students must eat so opening a restaurant is very
lucrative. Make sure the food is delicious and within the price range they can
afford. Locate the restaurant within the campus or close to the college.
11. Repair
laptops and Mobile Devices
Students are one of the top consumers of smart
devices. They use lots of laptops and cell
phones. A smart business is to offer repair services for such devices. To increase
profit you can sell phones, used laptops and phone accessories.
12. Transportation
Services
College students move around constantly and need
transportation. You could start a small cab service within the campus or around
the town. Make sure your prices are reasonable and affordable.
13. Tutoring
Services
You could start a small tutoring service on specific
subjects. You could hire a lecturer if it does not go against their terms of
employment. Make sure the teaching is comprehensive fun and interesting.
14. Beauty
and Hair Salon
Teenagers and young adults are obsessed with their looks.
They want to try the latest hair styles and wear the trending fashion.
Providing a beauty salon treatment would attract lots of patronage.
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