There are lots of needs to be met on campus and those who solve these needs stand to make a lot of money for themselves.
The University campus is one of the best places to run a successful business as the founders typically don't have a lot of responsibilities yet to meet up with. Facebook, Google, Insomnia Cookies, all started on campuses.
Besides the current economic situation and the scarcity of jobs makes it imperative that every student should seriously consider being in business, and there’s no better place to start a business than in a university.
There are lots of needs to be met on campus and those who solve these needs stand to make a lot of money for themselves. You don't even have to do the work yourself, you can always hire people to work for you.
Here are 9 businesses you can run on any University campus in Nigeria.
1. Food Services
Everybody’s got to eat. You can provide services like cooking whole pot of soups, a restaurant, breakfast/dinner, small chops, shawarma etc. If you include a free delivery service on campus you will attract more patronage.
2. Dry Cleaning
Opening a laundromat on campus, where students can come in and do their laundry themselves at a fee, makes a lot of sense. You can start with two or three washing machines and expand as patronage increases.
3. Phone/Computer Repair
Smart phones and laptops are now a way of life. Nobody can operate these days without a phone, so when it’s bad they’ll be desperate to fix it. And the ubiquitousness of phones and laptops means any repair shop will always have customers.
Start a blog. Blog about topics you're passionate about or happenings on your campus. As the traffic to your site increases, you then monetise it.
5. Beauty Salon
Of course the girls need to look fly. The hair needs to be done, the nails need to be fixed etc. If you take care of these needs, you are going to make lot of money.
6. Youtube/Instagram Videos
In case you have not noticed, if you have a large Instagram following, you can monetize your page and run ads on it. The amount you charge for ads depend on the amount of followers you have and those interested in advertising with you.
You can also make money for the amount of views you get on Youtube videos and you do not need expensive cameras, a good mobile phone and a great concept is all you need.
7. Sports Bar
Football is big in Nigeria and so having a sports bar where students can watch live matches will sell. You can also add a few games like a snooker board or Playstation to generate cash during football off peak periods.
While cyber cafes are gradually going the way of dinosaurs, the need to make copies of lecture notes, textbooks, receipts and handouts still exists on all campuses. So take care of this need.
You can organise tutorials for those in your department and other departments as possible by paying brilliant students from each one to teach their colleagues.
There are several other businesses a student can run while in school and this list does not even begin to scratch the surface. Start a business while in school, you might end up receiving CVs from your mates rather than dropping yours everywhere, when you are done schooling.