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Start your own business while studying - The best business ideas for students & graduates

08/03/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

1. Web design and development:

Students and graduates can use their web design and development skills to start their own businesses. They can develop and design websites for businesses, offer software and app development, and provide web hosting services.

2. Graphic design:

Graphic design is another area where students and graduates can use their skills. They can offer everything from logo design and branding to creating flyers and ads.

3. Online tutoring:

Students and graduates can use their knowledge and skills to tutor online. They can offer tutorials to high school, college students or adults to help them become better at specific subjects.

4. social media marketing:

Students and graduates can use their social media marketing skills to help businesses market their products and services. They can create and manage campaigns across various social media platforms to increase reach and engagement for the brand.

5. Online consulting:

Students and graduates can use their knowledge and skills to help businesses develop strategies and solutions. For example, they can advise their clients on developing marketing strategies, business strategies, financial strategies, and more.

6. Content creation:

Students and graduates can use their content creation skills to help businesses create content. For example, they can create blog posts, articles, videos, images, and other content that is relevant to the brand.

7. Online commerce:

Students and graduates can use their online commerce skills to start their own business. They can sell products on their own website or marketplace such as Amazon to make a profit.

8. Consulting for start-ups:

Students and graduates can use their knowledge and skills to help start-ups develop and implement business ideas. They can advise start-ups on creating business models, marketing strategies and more.

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Amazon FBA Alternative - Risk vs. Benefit

07/20/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

There are a few alternatives to Amazon FBA, and deciding which is best for your needs depends on your business and its requirements.

Some alternatives to Amazon FBA include drop shipping, self-fulfillment, 3PL fulfillment, and white label fulfillment. They all differ in terms of risk, cost, and benefit.

Drop shipping is a popular fulfillment model where the seller ships products directly from a manufacturer or wholesaler to their customers. The seller is not responsible for warehousing or shipping costs. The advantage of drop shipping is that there is no financial risk to the seller because they do not have to order the products in advance. The disadvantage is that the seller may not have control of the delivery since they do not ship the products themselves.

Self-fulfillment allows the seller to ship the products on their own. The advantage of self-fulfillment is that the seller has control over the shipping. The disadvantage is that the seller is responsible for inventory and shipping costs, which could be a financial risk.

3PL fulfillment is a fulfillment model where a logistics company stores, packs and ships products for the seller. The advantage of 3PL fulfillment is that the seller is no longer responsible for warehousing or shipping. The disadvantage is that the cost of using a 3PL company can be higher than other fulfillment models.

White-label fulfillment allows the seller to ship products to their customers under their own name and logo. The advantage is that the seller can build a unique brand and enhance the customer experience. The disadvantage is that the seller is responsible for warehousing and shipping, which can be a financial risk.

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