Build a loyal customer base: Offer loyalty discounts or referral bonuses to encourage repeat business.
- Cost Estimate
Initial investment: $20 - $100 (IDR 300,000 - 1,500,000) for initial inventory.
6. Online Store (Olshop)
- Overview
The popularity of online shopping presents an opportunity for students to run their own online store, selling anything from clothes to accessories.
- Benefits
Flexibility: Manage your business around your academic schedule.
Low start-up costs: Start as a dropshipper or reseller to avoid inventory costs.
- Challenges
Marketing: It can be challenging to get noticed in a saturated market.
Inventory management: If you stock products, managing inventory can become cumbersome.