In the start of the New Year 2019, many students have started showing undaunted enthusiasm in either reviving old ideas and reform them or create new ones, asentrepreneurshipis seen as a golden tool in tackling corruption and most importantly, unemployment. In return, these creative ideas are meant to contribute positively to theeconomic stabilityof the country. However, the target markets where the innovations are dropped at the finish seem to be over-crowded and unimaginably dense with similar innovations. Thinking in the right direction births innovation, and there are obviously companies in the outside squares that haven’t gotten enough as the demand for their products gets higher daily. Some of these companies include:
(1.) E-COMMERCE: The unimaginable growth of internet users has paved the way to a lot ofe-commercebusinesses in the 21st century, and one of the most-lucrative interests is Digital marketing. Digital marketing is an online strategy used to deliver products or services at the doorsteps of customers without having physical contact with them. About 1.8billion active users use Facebook monthly while over 300million active users are using Twitter monthly. These platforms are few of the best choices an entrepreneur can channel into making a living, by actively using the media networks to promote businesses. With a laptop, phone or other browsing gadget and internet connection, such an individual can venture into the e-business and make cool cash, even as a student.
Apart from digital marketing,Web designingis another lucrative business that’s fetching a huge amount of income to entrepreneurs on the internet. The geeks are clawing at the momentary wave of web design jobs, as it goes a long way in getting one self-employed and independent.
(2.)CANNABISANDMARIJUANA: Over the years, the market for cannabis industries are beginning to expand in their production rate, as there’s more demand in the psychoactive substance, and more states in the US are seeking to legalize medicinal and recreational cannabis.
Cannabis is medically proven to be anti-fungal, anti-microbial and appetite-stimulating. It has also shown prominent effectiveness in;
• reducing seizures inintractable epilepsy,
• decreasing blood pressure and
• Treatment of cancer.
The medicinal importance has placed it more on a higher demand at the market, thereby yielding more profits to successive entrepreneurs who have found it lucrative. In 2013,the legal production of cannabis hit 60,400kilograms. In the statistical increase of cannabis production, a massive record of cannabis production from 1,000 metric tons to 10,000 metric tons was made in a span of twenty-five years in the US. This is a significant market demand for the consumption of cannabis.
Since its legalization in 2012, drugstores in Washington have recorded about $1billion in the business of non-medical marijuana, which has translated into a deep sense of profit in the business.
Apart from the medical benefits of marijuana, researches have shown that quite a number of people abuse its use, and this results to release of toxins in their body systems. However, there are process involved in getting rid of marijuana from the body systemand this turns out to be another source of income to clinic attendants.
(3.)SELF-DEVELOPMENT: In building talents, potentials and grooming qualities of life, the roles ofpersonal developmentexperts can never be over-emphasized as these individuals bring one to a close stay with how abilities can be improved. Serving as a mentor or tutor by helping people set their goals and reach their full potentials can set the pace for being financially independent. On a high, parents that are always busy on schedules, meetings and office works are always on the lookout for entrepreneurs that can help nurture their children, tutor them on weak academic points and also help groom them mentally. The increase in the statistical reports of students dropping out of school all around the world has shown the height of negligence of some parents, who could have instead let their children into the hands of motivational speakers or tutors while they were busy with their business and official duties.
(4.)BEAUTY AND HYGIENE: In the US, makeup related businesses thrive at a plausible rate. Entrepreneurs have found it so easy to deal with as it is less expensive to start, and can be conveniently managed by one person. However, quite a number of factors can responsibly catapult the success of this business which includes: a passion for the growth of the business, Good customer relation skill, healthy marketing strategy, and networking.
Also,sanitary padsare on a good sale rate throughout the globe, and student entrepreneurs are making a good monetary benefit from the business. According to astatistical report, sanitary pads hit a peak of $18.43billion global market value in 2016, as different entrepreneurs ceaselessly keep keying into the business. The market is very promising as almost every household has one or two female children who make use of the pad throughout the world. The massive pump of the materials into markets has given hope to prospective student entrepreneurs to seize as an opportunity to live independently and earn income.