After completing Class 10, students can start their own business in various fields and earn money. Although most of the students continue their further education, they can also start their career early or continue doing business simultaneously with their studies. There are many options for doing business. Let's explore these options in depth. You can choose a business based on your financial condition, interests, and available resources.
1) Online Business
After Class 10, starting an online business can be a profitable and flexible venture. With basic computer skills and internet access, you can explore various opportunities and earn a decent income. It requires low startup costs, has potential for global reach, and offers scalability, allowing you to grow your business at your own pace. Moreover, an online business provides the freedom to work from anywhere, at any time, making it an attractive option.
i) Content Creation / Blogging : You can create content online on various platforms like YouTube, Instagram, and other social media sites, focusing on your niche of interest. Additionally, you can build websites, engage in blogging, and drive traffic to your online presence. By doing so, you can earn money based on views, niche, and content quality. For content creation and blogging, you can utilize various tools such as Canva, Adobe, Audacity , WordPress (blogging), Ahrefs (SEO analysis).
ii) Affiliate Marketing : It is a form of online marketing where an individual promotes products or services from another company and earns a commission. It involves choosing a niche, Researching affiliate programs, such as Amazon Associates, ShareASale, and creating an account. Next, you can start creating content, such as websites, social media posts to showcase and promote these products. You can earn a commission ranging from 5% to 50% for each sale, referral, or click generated through your unique affiliate link.
iii)E-commerce : Starting an E-commerce venture can be flexible and profitable.You can sell physical products on social media, e-commerce marketplaces like Amazon, Flipkart, or create your own website using Shopify or WooCommerce. Popular products include handmade crafts, digital art, used books, fashion accessories, and home decor. By doing so, you will benefit by learning valuable business skills, unlocking unlimited potential for growth, and gaining financial independence.
iv)Freelancing : If you possess certain skills like graphic designing, digital marketing, content writing, or editing, you can offer your services and earn a steady income. If you don't have these skills, you can easily learn them online through platforms like YouTube, Codecademy, and Adobe. Through freelancing platforms like Upwork, Freelancer, and Fiverr, you can find clients, showcase your skills and earn. By leveraging these platforms, you can build a fulling career in freelancing.
2) OFFLINE BUSINESS
Offine Business is another option to consider. Starting an offline business can provide valuable entrepreneurial experience, financial independence, and help you in skill development. With dedication and hard work, an offline business can be a profitable venture. Remember to research your market and create a solid business plan before getting started. Here are some options you can consider
i)Tutoring : Tutoring or teaching offline can be a considerable option. You can utilize your academic strengths to educate younger students. Even if you start small, you can slowly learn new skills and begin to specialize in a specific field. Key skills for this are communication, lesson planning, and time management. You can use social media, flyers, and brochures for marketing. Additionally, as a tutor, you can earn a decent income, with rates varying depending on your expertise and location.
ii) Gardening : Gardening is the practice of growing plants for specific purposes, such as food production, in a designated space. You can grow vegetables, fruits, flowers, and sell them. It is an effective way of earning money if you are interested in growing plants, it would be the best option for you. Additionally, gardening can be a therapeutic and fulfilling hobby, With initial investment in seeds, soil, and basic equipment, you can start your gardening venture and watch it grow.
iii) Selling Handmade Products : Selling handmade products involves learning or utilizing your own skills to create unique, handmade items and selling them. These products can range from jewelry, candies, and paintings to other crafted items. You can start by identifying your craft niche, developing distinctive products, and focusing on marketing strategies to drive sales. Additionally, leveraging online platforms such as Etsy, eBay, or social media can help you reach a wider audience.
iv) Offering services: Offering services offline involves providing expertise and assistance to customers and clients. You can offer services such as pet sitting, laundry, gardening, and house sitting. Focusing on delivering exceptional customer service and developing a strong local network can lead to increased profitability. Additionally, utilizing local advertising channels, such as flyers and community boards, can help you reach potential customers and grow your offline service business.
3) Skill - Based Business
A skill-based business involves utilizing an individual's expertise and talents to offer specialized products or services that can generate income. You can start freelancing by providing services based on your skills on freelancing platforms like Upwork, Freelancer, and Fiverr, and earn a steady income. Additionally, continually updating and refining your skills can help you stay competitive and increase your earning potential.
i) Graphic Designing: Graphic designing involves creating visual content using mediums like typography, images, colors, and graphics. It encompasses various aspects, including logo design, poster design, digital design (UI/UX), designing business cards, flyers, magazines. To create stunning visuals, graphic designers utilize powerful tools like Adobe Creative Suite and Figma. By learning this skill, you can unlock various earning opportunities, such as freelancing, working with clients.
ii) Photography: Photography is the art of capturing light and creating images. It's a way to freeze moments, tell stories, and express creativity. You can become a professional photographer by doing specialized courses and starting your own studio. You can utilize your photography skills to offer specialized services, capture and create visual content for clients, and earn a living. Additionally, you can also monetize your photos by selling them on stock image websites or by licensing them.
iii) Digital Marketing : Digital Marketing is a way to promote products or services through digital platforms like YouTube, Instagram, and Facebook. It encompasses various strategies, including SEO (Search Engine Optimization), SMM (Social Media Marketing), Email Marketing, and Content Marketing. These strategies are used to promote a specific product or service of a business, driving sales and revenue. By providing digital marketing services to clients, you can earn a living.
iv) Web Development : Web development is the process of building and maintaining websites, mobile applications, and web applications using various programming languages, tools, and frameworks. You can drive traffic to web and mobile applications by utilizing SEO and running ads. You can earn revenue through advertisements, promotions, and affiliate marketing. To learn web development, you can take online courses, watch tutorials on YouTube, or enroll in short-term courses.
v) Editing : Editing is another effective way of earning. You can edit videos, content, posters, and music, and become a professional editor. You can start your own digital channel on platforms like YouTube, Instagram, and post your content to earn through various sources like promotions, ads, or work for clients by freelancing. To learn editing, you can take online courses on platforms like Udemy, Skillshare, or watch tutorials on YouTube, and practice using free editing software.
4) Low - Investment Business
Starting a low-investment business can be a great option for students. They can start small with a minimal amount and earn a decent income. This is useful for aspiring entrepreneurs, allowing them to test their business ideas with minimal risk. Moreover, it helps them to develop essential skills such as time management, teamwork, and problem-solving. They can improve their skills and gain practical knowledge. Here are some low-investment business ideas
i) Event Management : You can start an event management business with a relatively low investment, ranging from ₹50,000 to ₹5 lakhs. To do this, you can hire event coordinators and rent equipment. Promote your services through social media platforms, networking events, Additionally, consider partnering with vendors and suppliers to offer better event managing services. With careful planning and execution, you can deliver successful events and build a reputation in the industry.
ii) E-commerce Store : E-commerce refers to the buying and selling of goods and services through the internet. To start a small-scale e-commerce store, you'll need an initial investment of around ₹10,000 to ₹50,000. This amount covers website development, marketing, and initial inventory costs. You can sell products through a website, mobile app, or social media platforms under your own brand name. You can aslo consider partnering with suppliers or manufacturers to source products.
iii) Digital Marketing Agency : Digital Marketing Agency is a kind of business which involves in promoting the products or services of an organization to improve brand awareness and drive sales. By starting a digital marketing agency, you can offer services like SEO, social media management, and content creation to companies. This business can be started with relatively low investment and has high potential for growth. You can work with clients from various industries and help them achieve their online marketing goals.
iv) Food Business : Food business involves preparing and selling food products, such as catering services, bakeries, or restaurants. To start a food business, the initial investment can range from ₹1 lakh to ₹5 lakhs, which can cover the expenses of renting or leasing a commercial space, hiring experienced chefs, and purchasing necessary appliances. Providing high-quality food that meets customers' expectations matters the most in the success of any food venture.
5) High-Investment Business
Starting a high-investment business after class 10 involves significant financial commitment and meticulous planning. To ensure success, consider thorough market research, a well-developed business plan, securing adequate funding, building a skilled team, ensuring legal and regulatory compliance, and cultivating a strong professional network. Here are few high- investment business options
i) Franchise Business : A franchise business is a type of business where an individual or franchisee purchases the right to operate a business using the brand name , products, and business model of an established company (franchisor). Doing a franchise business can cost anywhere from 5 lakhs to 50 lakhs. You can partner with established brands like food chains, retail. By doing so, you can benefit from ongoing operational guidance, thereby minimizing the risks associated with a new business.
ii)Mobile App Development : App development involves designing, building, and testing software applications for mobile devices. It involves developing and marketing mobile apps for clients and charging them for your services. You can learn app development and utilize various tools to create engaging and functional apps. This field has high demand, and has scope for scalability. The initial investment for starting an app development business can range from 5 lakhs to 50 lakhs.
iii) E-commerce Marketplace : Creating an e-commerce marketplace involves creating a common platform for both buyers and sellers, and earning a commission on each transaction, similar to Amazon and Flipkart. The initial investment can range from 5 lakhs to 50 lakhs. You can achieve this by developing a platform, such as a website or mobile app. With a well-designed platform, you can attract a large customer base, increase brand visibility, and ultimately lead to increased revenue and profitability.
iv) Online Education Platform : An online education platform is an effective option to start a high-investment business. The investment for this venture can also range from 5 lakhs to 50 lakhs. You can develop learning resources and courses for students of different levels, covering various subjects and curricula. Revenue can be generated through subscription-based models, course sales, and affiliate marketing. With a well-designed platform, you can scale up and expand your business.
Doing business, regardless of the investment range or niche, can be complicated and challenging, But dedication, perseverance, and strategic planning can lead to success. There is always risk involved, so making informed decisions through careful planning will be beneficial. There are always challenges and competition associated with any path, but with quality work, you can always come out on top.