If you’re reading this, then I’m going to assume 2 things…
- You recently graduated from Stanford in the last couple of years, or you’ll be graduating shortly
- You want to start a business
Since you most likely fall into these 2 categories, I’m going to speak directly to you. If you do not fall into these categories, then this article is not for you. We have plenty of other more general pieces of content on this website that you can benefit from.
As a recent Stanford business graduate, you are most likely in a place where business opportunities are endless. After all, Palo Alto is in the heart of Silicon Valley and home to the likes of Facebook, Google, and a swarm of other tech hubs that bring in billions of dollars of revenues each year. And while many of your peers are itching their way in these giant tech hubs, and other companies around the globe, you have a different itch: The entrepreneurial itch.
Now, there is nothing wrong with going to work for another company when you get out of school. It can lead to a great, lasting career. But let’s be honest, less and less jobs are available, even to Stanford grads like yourself, and the jobs that are available are not necessarily in the field that many young people hoped to be in. It seems setting up your own shop is becoming a more appealing option to more and more people.
But how do you compete with tech hubs like Google, Yahoo and Facebook..? How can you, as a young person fresh out of college possibly create something that sits in the same waters as these giant hubs? Well, first of all let’s back up a minute…
There are endless types of business that can be started, and not all of them have to be billion dollar successes. Sure, you may have the hope of one day growing a company to that size, but that’s way in the future. There are better ways to start and get your feet wet.
With the the emergence of the internet over the last few decades, it has never been easier to start a business. The costs of launching have dropped significantly to the point where just about anybody can handle the financial costs of setting up their own shop. This my friend, is an exciting time to live, and you’re going to prosper from it.
Instead of overwhelming yourself by setting your eyes on the big tech hubs of the world, think smaller at first (As you grow into a more seasoned entrepreneur, you can start to think bigger). Start to look into ways you can launch your own business today. The type of business that does not require heavy startup costs or tons of labor.
In this article, I’d like to share with you 5 top rated courses from the #1 online video course marketplace, Udemy, that teach you how launch your own business. Not all these courses teach you how to start the same type of business, so hopefully they get some ideas sparked of what type of business you want to start today. However, all of these courses are wildly cost efficient, so save your pennies, or borrow the couple hundred bucks from mommy and daddy if any of these strike you. The education you’ll receive from these courses are well worth it and nothing like the heavy cost of a Stanford education!
(As a disclaimer, I have not necessarily been through these courses personally. We are recommending them based on their ratings and the promotional material. Some of the below may contain affiliate links. If you do not wish this website to profit from your purchases, simply look up these courses on your own. We don’t mind, we just want your success)
William Pena’s Make An Extra $1K-10K Selling On Amazon has been taken by over 6,000 students, and has a strong 5 star rating from it’s community. William is also the author The 3 Day Entrepreneur: How to Build a 6 and 7 Figure Business Working Less Than 3 Days Per Week, and has been a business consultant and success coach for the majority of his entrepreneurial career.
In this course, Pena shares with you exactly how you can generate an extra couple thousand dollars each month, working only a couple days a week and for only a few hours each day. He shares how there are a select few types of businesses that allow you to generate substantial monthly income while working very passively, and that selling your own Amazon products is one of those business models.
If you’ve had any interest in learning how to leverage the internet’s largest retailer of goods and digital products, this course is worth taking a look at. It’s not the cheapest on this list and retails for $299. Learn more about the course here and see if it’s the right fit for you.
Sean Marshall started his online marketing services business about 4 years ago and 2 years in he was able to move his family to their dream home off the coast of Mexico. He was able to do this because 1) He started generating enough income from his business and only had to work roughly 10 hours per week and 2) He can run his business from anywhere that has an internet connection.
Now Sean is showing you and over 2,700 other people who are already taking this course how to duplicate his success by helping people with online marketing. As Sean shares, it’s not as hard as it looks to do online marketing and he shares with you how to attain the knowledge you’ll need and how to start landing clients to do online marketing for.
Now, I’m not sure what your aspirations are long term; maybe you want to travel the world, or raise income to start a nonprofit or be able to fully support yourself and help your little sister pay for college. But needless to say, starting an online services business is fantastic because it requires no upfront cost and can be set up by anyone who has an internet connection. Sean’s course goes for a measly $99 and I’m not sure when he plans to up that price. If this is something that interests you, scrap together cash and get started.
This is an interesting course because it teaches how to CREATE your own courses! Phil Ebiner is making over $10K per month teaching people courses on Udemy. What’s cool about Udemy is that you can publish courses on anything. Think about all the skills you’ve learned over the last 4-6 years in Palo Alto and how you can articulate that to other people. Chances are, you’ve become an expert at a couple different things, whether it be writing and delivering speeches, preparing for tests, building websites, etc.
Take some of the skills you’ve learned and leverage the #1 online marketplace for video courses to make some income from those skills!
Now, an important thing to keep in mind is that selling online courses within Udemy is not as easy as it looks. The marketplace has become relatively saturated with instructors over the last few years, meaning you can’t just upload a few videos, tag a price on it and expect people to start flocking in. It takes a more strategic approach to marketing your courses and Phil teaches you exactly how to position your course and get it in front of the right people. The course sells for $297, so again, not the cheapest course in the world, but when you consider the results he is promising and has delivered to almost 10,000 other students, it’s well worth it.
(Disclaimer: Creating a course for Udemy and marketing it to the public takes time and work, If you aren’t willing to put in the work, don’t bother taking this course…or any of these courses for that matter.)
Jeet Banerjee is a good friend of mine and a 22 year old serial entrepreneur. I had the opportunity to interview Jeet a few years ago and he shared with me his full story; how he started and sold his first business at the age of 17 and how he is now working numerous projects that are all blossoming very well.
As someone who is very young and started his business when he was younger than most of you reading this, I feel he will be able to shed some light on the topics on entrepreneurship from a familiar perspective. Jeet is quite the successful startup advisor and founder, so listen to what he has to say. His course resides at $99 as of now, and I believe it will stay at that price for a while, but who knows…
Okay, I’m going to throw a little bit of a curve ball your way…
This course is not hosted by Udemy, like the previous 4 are. However, I wanted to share it with you anyways because it shares a topic that can bring in some solid income as a side business, and it does not require any startup cash to launch. Freelance writing is something a lot of young people are starting to get into, as writing is a skill that many businesses need help with and will pay dearly for it. Specifically, if you can become a solid copy writer, you will have the world as your oyster, as quality copy writers often times are paid thousands per piece they produce.
Gina Horkey shares her juicy tips and secrets for creating a side business as a freelance writer, and how she’s currently making over 9 grand per month as a freelance writer. Learn more here.
Photo Cred: Bloomberg.com