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Finance student here, I was wondering what a business I can start online?
I want to start an online business/service where I can easily generate sales with high profit margin. I want it to be passive but I can operate it from time to time.
I’m not interested in service work. I have money and time right now that I can invest.
I don’t have any financial barriers when it comes to school. Any money that I get from my internship or scholarship. Just sit in my bank account.
FYI: Yes I do have a Tax-Free Saving Account and invest it. Yes I do have an emergency account.
If I were to start this business I need it to actually work.
Since:
I did a snow shovelling side hustle when I was 14, where me and friend shovel people driveway. We made a total of $500.
I created a Fiverr account on selling my editing(colour grading service). Resulted in no sales and I realized I lost interest.
I started a drop-shipping website selling necklace, I created a couple social account. Only made $30.
I started another drop-shipping website selling bathmat specifically cater to seniors. Website was layout properly, I cold email, connect on LinkedIn, call many different people and companies within the senior care industry. I got rejected and ghosted from all.
I realized drop shipping isn’t for me.
I know people saying I need to work on my sales and that true. I’m currently taking a sales program at my university.
But I’m tired of waiting to start a business, I already read many YouTube videos, Ted talk, dive into the internet and people Reddit post about their journey etc. I rather start a business and learn from my failures and go through the journey.
Now is the only time I have access to money, time and resources all around me at the university. Which I won’t get in the future without having to pay a huge price.
I’m trying to make it as a student and milk my student status. I seen so many students starting a passion project and startup.
I do have a passion project for acting. But I want to business one where I can make a lot of money.
Any recommendations or advice?