Study and earn money at the same time! Today we will give you 11 business ideas for young entrepreneurs.
Are you a college student or a teenager? Do you want to start your own business? o Are you looking for a business for your children?
Whatever your situation, if you are entering the job market for the first time, starting your business is a great opportunity! idea! The best investments in 2022
Best small business ideas for Young People
- Specialty coffee shop
- Mobile creperie
- Internet business
- Restaurant with your university partners
- Import and sell Chinese products
- Prepare cocktails
- Fashion or specialized clothing businesses
- Gourmet grocery store
- Business with video games
- Business with your partner
1. SPECIALTY COFFEE SHOP
Mexico and Latin America continue to grow in coffee consumption. And millennials are revolutionizing drinks and coffee shop concepts.
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How about a coffee bike? A mobile coffee shop? Or a Harry Potter or Avengers-themed café?
You can innovate with various concepts, it is believed that there will be a growth of 10-12% each year in specialty coffee shops in the next 10 years.
But let’s talk a bit more about specialty coffee shops; currently, they are those that are innovating not only in the quality of their coffee beans and their extraction methods (which is also very important) but also trying to innovate in their image. Youtube Content Ideas to Make Money 2022
The image of a coffee shop is important for a reason, it totally changes the customer experience.
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WHAT MATTERS WHEN STARTING A COFFEE SHOP?
It is a fact that it does not matter how good coffee you sell in your coffee shop if you do not know how to apply a good concept to sell it.
An example of this is Starbucks, one of the most important coffee franchises that currently invests a lot of money in its image and in improving the customer experience, because they know that they have to offer something different from others.
For this same reason, specialty coffee shops are the best to start a new business, since they do not require a large amount of capital to start and offer something new for coffee lovers.
To start this entrepreneurship for young people you just need to decide and start training in the world of coffee, this type of business is much easier to start when you partner with someone else.
For this reason, it makes it the perfect business to start with your partner or with a colleague from the university. 6 Ways To Get a low-cost life insurance
Do you want to start a coffee shop? Here are some courses to get you started on the right foot:
2. MOBILE CREPERIE
If you want business ideas for young people for weekends or a few hours during the day, the creperie is an excellent option. In addition, the investment is small!
The creperie is a business where you sell sweet crepes (also known as crepes), savory crepes, and cold drinks, such as frappes, milkshakes, and granitas.
HOW MUCH DOES THIS BUSINESS COST?
You can invest about $10,000 pesos (500 USD) in a simple concept and about $120,000 pesos ($6,000 USD) in a more innovative concept.
If you want to undertake it individually, you should opt for a simple concept, if you want to start this business together with someone else, it is best to opt for an innovative concept.
This business is wonderful for several reasons, the first is that compared to other businesses, the initial investment is really very small. 10 Business Ideas to Make Money After the Pandemic
Making a crepe costs only 7 pesos and depending on your concept you can sell it for up to 30 or 50 pesos.
Which makes it one of the best businesses because it can generate up to 70% profit on your earnings.
HOW TO GET THE BEST OUT OF THIS BUSINESS?
It is a business that allows you to offer drinks, which in any establishment represents a strong income.
The drinks that can be sold are both hot and cold, so you can end up putting together two brilliant ideas:
Creperie and Cafeteria, of course, would require a greater investment, but the tickets would increase considerably compared to only selling crepes.
If you are thinking of starting a business with your partner, this is a brilliant idea, you do not need a lot of time or a lot of money to start, the profits are very good and profitability is a sure thing.
3. INTERNET BUSINESS
The digital age has also reached businesses, it is known that, at least in mobile, there are 3.9 billion active Internet users around the world.
This “small” number is only a representation of the great opportunity that presents itself to generate your new income, since, of the aforementioned percentage, 1.16 billion people have bought online.
So that is why it is important to promote your products or services. In what way? There are several ways to announce to the world that you have a digital presence in which you offer something:
- Online store (e-commerce)
- Website for business
- Blog
- Social networks to post what is sold
- Platforms such as Mercado Libre or Amazon
By these means, you can start doing business. For this, it is important that you convince and give confidence to the potential buyer with images of your product or service, your offices (if you have them), evidence of your previous satisfied customers, etc.
4. RESTAURANT BETWEEN UNIVERSITY PARTNERS
If you have something bigger planned, get together with the partners. 1 or 2 can contribute the capital and another contributes the administration.
There are very innovative concepts: regional restaurants, international restaurants, fusion cuisine, pub-style bars, flavored beers, and much more.
If you want to innovate or go for something more traditional, restaurants are for you!
HOW MUCH MONEY ARE YOU GOING TO INVEST?
The restaurant business can be very expensive. But plan your project well to avoid extra costs.
A restaurant can cost you from $250,000 pesos (12,500 USD) to $2,000,000 pesos (100,000 USD) or more.
That is why everything must be prepared: your market study, your business plan, finances, and administration.
But… you should know that the most difficult part of a restaurant is not the recipes. It is the financial part and the human resources.
If you want to start your restaurant in the right way, we recommend the following:
Work on your concept, (in the type of restaurant you want to open). This will help you get a broader understanding of what you need to get started.
This is not always an easy task since it can depend on many factors, from the location, the competition, and the capital to start, among many other things.
HOW TO START YOUR RESTAURANT IN THE RIGHT WAY?
For this step, it is always good to necessarily seek advice on how to start your restaurant since it is common to make many mistakes when starting a new business.
There are cases where the concept can be good, the prices are attractive but unfortunately, the location is not correct, the service is bad, or another factor that influences the restaurant not to grow.
Starting a new business among friends can be the best way to invest your money and generate future income.
But the market study, the business plan, and the administration are not topics that have to be discussed, they are a practical guide that allows you to start a business effectively, without the risk of losing your investment and making your restaurant a real business. profitable.
5. IMPORT AND SELL CHINESE PRODUCTS
There are many factories in China that sell innovative products that you can sell: clothes, shoes, pet toys, video games, and drones. Anything you can imagine.
If you are going to start a business with little investment, importing from China is at the top.
You can start with 1 dollar on Alibaba. But… be careful with customs.
You must know how to import correctly to prevent customs from taking your merchandise.
WHO IS THIS BUSINESS FOR?
- Solopreneurs: If you are going to start a business by yourself, you are a solopreneur.
- Entrepreneurs from home
- Office workers with free time
- young mothers
These business ideas for young people are especially recommended for those students who are still in college because it is not a business that requires a lot of time and the initial investment can be attached to your budget.
O For young mothers, since these types of products can be easily sold through social networks, without the need to have a store, this business can be started from home.
HOW MUCH MONEY ARE YOU GOING TO INVEST?
Import business from China can be started with less than 10 USD.
Order a piece of some product and try to sell it. The important issue is to get customers and know how to sell, set up your store, or market online.
Among the most profitable products is the import of clothing, footwear, makeup, and technology such as computers and cell phone accessories.
The advantages of importing any of these products from China are many. First, they are products that can be easily sold in Mexico and are very popular.
WHY IS IT SUCH A GOOD IDEA TO UNDERTAKE WITH IMPORT?
Platforms like Alibaba allow you to make direct deals with factories, which means that the prices are really low and you can make a higher profit by selling them.
More and more businesses are choosing to import products from China because of the low prices and because the quality is not bad, which makes them profitable, safe, and easy-to-sell products.
The investment depends on the product, so you can decide how much you want to start your business with. Nokia Flip Pro Price in Pakistan
You can import other types of products than those already mentioned, but it is recommended that they be small and cheap, to begin with, preferably not exceeding 5 kilos per piece.
It is important to keep this in mind because customs have certain restrictions on many products, some that exceed 5 kilos need certain documentation so that they can receive them without any problem.
Due to these restrictions and others, Customs can retain your products and make them take longer to arrive or you have to pay some extra charge that could ruin your profits.
6. PREPARE COCKTAILS
The world of drinks is very exciting. Thousands of modern recipes can be created. Examples, marzipan milkshakes, organic smoothies, healing juices, mocktails (non-alcoholic cocktails), flaming cocktails, etc.
Put your creativity to work with the exciting flavors and colorful decorations!
WHO IS THIS BUSINESS FOR?
This business is perfect for many entrepreneurs, but above all for:
- – Weekend Entrepreneur
- – Multi entrepreneurs
HOW MUCH MONEY HAS TO BE INVESTED?
The basics are a blender, a bar, and a place. This can be achieved with $15,000 pesos (750 USD), but a more reasonable investment would be $50,000 pesos (2,500 USD) or more.
This business can be done at events such as weddings, fifteen years, sweet sixteen, parties, etc. But you can also put local chocolate or milkshake.
This business apart from being very profitable is also very fun, you can choose to choose a specialization and based on that start your beverage business.
You can choose to be a professional Bartender and learn about the variety of drinks that can be prepared with alcohol or you can also choose to be a Barista and learn how to prepare a variety of hot and cold drinks, with coffee, and chocolate, among others.
Either of these two specializations also allows you greater job opportunities, the bartender job is currently very popular and very well paid.
Therefore, at parties such as weddings, fifteen years, or others, they always look for a bartender to be in charge of the cocktail and drinks table.
Do you like this business idea?
7. FASHION OR SPECIALIZED CLOTHING BUSINESSES
If you have worked in a clothing store, you know the business and about fashion, and you meet almost all the requirements to create your own boutique. However, you can also get started in this business even if you don’t know much about the world of fashion.
The first thing is to choose the form of marketing that best suits your possibilities. Franchising can be a good choice because there is an image already defined and known by the client, but all this requires a very high investment.
Some houses offer the alternative of establishing yourself as a single brand, that is, offering exclusively their products, or else, that a very high percentage of the clothes you sell be of their brand, but without the need to the franchise. This way you benefit from selling a well-known line, but without the ties of a franchise (you do not pay an entry fee or percentage for advertising).
HOW MUCH SHOULD I INVEST IN THIS BUSINESS?
It is very difficult for you to start setting up a boutique with clothing from recognized brands and in a shopping center, the investment would be more than $200,000 MXN.
For this, it is better that you start with a simpler stock, so counting at least the first three months of rent of prudent premises, enough dressers, an employee, savings for emergencies, etc. The investment for a clothing store of this level can be $70,000 MXN.
Another option is to get cheap clothes by importing from China, but don’t panic! For small importers, customs filters are not so demanding. In addition, the prices offered by the Chinese are very accessible for you to build your stock.
8. GROCERY STORE BUSINESS
Have you ever heard the phrase: “On the way, I will buy something”?
All students or people who work have a fixed schedule, which is why this happens to them very often. That’s to name a few safe customers when opening a grocery store.
It may sound exaggerated, but almost everyone shops in a store at least once a day.
Kantar Worldpanel (Mexico), a global network that studies consumer behavior, states the following:
Traditional stores (such as groceries and mini-supermarkets) represent 35% of the spending of the 31.5 million households in the country. Of this number, 58% is used for soft drinks, water, and juices.
Therefore, it can be one of the best ideas to invest and start making money.
9. VIDEO GAME RENTAL BUSINESS
Let us remember the fury with which the world received the consoles: an unprecedented technological revolution for entertainment.
However, like everything new at the beginning, it turns out that the consoles were not something that any family could acquire; so the centers that rented arcade machines became frequent.
They quickly became a gathering place for young people looking to try out the gaming experience for themselves.
So one of the most attractive business ideas for young people is to start your own video game rental place.
Over time, the number of users became larger and larger until forming the great gaming community.
And although the consoles, games, and generations have changed, the taste and fervor for the increasingly varied and better video game designs are maintained.
According to the El Economista portal “in 2017 alone, the global video game market exceeded 100,000 million dollars, a figure that marked a milestone in the history of this segment, registering a growth of more than 50% in five years”.
So now you know, that this is a young niche that you may be missing out on.
10. DO BUSINESS WITH YOUR PARTNER
It is common to start a business together with partners, but it is also common to see that these partners are a couple. In this sense, you may start your project with your boyfriend or husband.
But what business do couples choose to start? That depends on the profile and taste of the two. Well, you can start a craft business, an electronics business, etc.
If you don’t know what business to start, think about the skills that each one has, such as taking advantage of their studies;
For example, a regularization school can be started where she (who studied biology) teaches natural sciences and chemistry; while he (who studied Spanish) teaches writing, literature, and linguistics classes; or start a law firm where he studied law and she accounting, and therefore, join her knowledge.
Another option, more for those who are married or living together, is to start an online store.
Thus, one of the parties attends it from home, either he or she is dedicated to being at home and the other party is in charge of investing and making sure that there is always enough stock.
In this sense, it is important to know where the products will come from, so a good option is to import from China, and in fact, it is easier than you think.
