Many of the top businesses started in a college dorm room, including Facebook, Dell and Microsoft. They started as a quick way for students to earn money and spiraled into well-known companies in the majority of households. It was not just the product that helped them; these students followed a number of steps to turn their business dreams into a reality and you can do it too. Below is a Top 5 list according to RealBusinessRescue.co.uk that can take you from student to entrepreneur if you put the hard work in.
Find Something that Is Different but Needed
The trick is to look into the products that are currently selling well and finding a way to make them better and different. Facebook was just like MySpace and BeBo at first glance but offered different functions which drew more people in. Focusing on the types of products that you will sell and how to offer a high quality service will help you expand quickly.
Gain Some Experience in Start-up Companies and Running a Business
Having some business experience will help you understand more about the world that you are delving into. Gaining experience in start-up companies will help you understand the trials that many small businesses have to face, the risks that they have to take and the problems with getting finance or traffic to their website. The more you understand early on, the more you can use to prevent your own business falling short and suffering from financial problems.
Find a Mentor
A mentor will help offer advice with running your business and how to tackle various problems. A mentor will help with how to expand your product or market to the right target audience. This doesn’t need to be someone important and high up in the business world; just someone who has been there before and been successful in their business.
Use Social Media to Your Advantage
Social media is becoming important for all businesses. It offers a way to secure your brand and start your online reputation. It is becoming essential for ranking highly on search engines as more people rely on social media to find out more about products. The benefit of social media is that it is free, so it reduces the amount of money you need to spend on marketing your business. While you will need to set up a schedule to use social media well, you will benefit from your fans re-tweeting your messages or sharing your statuses with their friends and followers.
Get Your Name Out There
You will never reach the millions if you sit in your dorm room behind your computer. You need to get yourself out there and make people aware of you. Let people around your university or college know about your website or your new idea and offer samples or give demonstrations. The more you market yourself in different venues, the more people will hear about you and want to know more.
It is possible to take a dream as a student and turn it into a successful business. There are many adventures that start out in dorm rooms, whether on your own or with friends. To become successful, you need to get your name known and find someone to help you understand the world of business.
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