I know this is a lot to read and I apologize but it was voted “Best Answer” a few times so obviously the content is worthy of your time to read.
One of the most popular questions on this forum is how young people (12-17) can make money. If you want an easy or fast way to make millions of dollars, this reply is not for you. If your inquiry is genuine and you are looking for genuine ideas … read on. This may just be voted “Best Answer.”
My first suggestion is for those of you who are over 15 (or whatever legal age in your state allows you to work for companies with a work permit). It’s how I earned money through high school. My school had an educational program called Distributive Education in which the students in the program were assigned to jobs working for pay for companies that hire teens. In some cases we worked at retail stores or fast food stores or offices. We were taught to stock shelves, operate cash registers, perform inventory, etc. Not only did we get paid for the work but we also received school credits and had a nice start on our entry-level resumes after high school. Might I suggest that you consult your guidance counselor’s office to see if they have job referrals that you might qualify for? If not, ask how you could start such a program for the school. There are a lot of teens out there with goals for college, cars, and just spending money. Let it be known that you are one of them.
If that type of thing doesn’t appeal to you or you are under that age for legal employment in your state, you are not out of luck. There are plenty of ways that you can make money. What ways? Continue reading…
Everyone knows that when a business hires you, they are only paying you a percentage of their profits. That’s common sense. Every business has income but also has expenses like the owner’s personal expenses and the costs of conducting business, which includes salaries, benefits paid to employees, advertising costs, rents, utilities, and more. If you are going to work, why work to make someone else rich when you can work for yourself and take 100% of the profits from your sale of products or performance of service? Most people (young or old) don’t go further with the ideas because of the fears and risk. Those who do go further are the Bill Gates and Donald Trumps of the world.
There are a lot of things to learn about your own business and it’s not advised to just print out business cards and start to get customers. There are a number of steps that you must follow, which I will present if I still have your attention.
Have you ever heard the expression, “self made millionaire?” Well, there’s no such thing. Everyone needs other people to build wealth. It starts with the government. The government will help you build wealth but there’s a few involved and that fee is in taxes and legal licensing of your business. Other people you need will be customers and yet other people you need include your parents. If you have your parent’s support of your endeavors your whole family can benefit from the profits from the business as well as some pretty sweet tax credits that will reduce their taxes (and yours) to provide even more income to the family. An accountant (another person who can help you) will be well worth his or her fees in helping you build your business from a financial standpoint. Don’t be afraid to pay for professional services and/or knowledge.
Now, to continue about the things that I feel you should learn about business before you start, the most important lesson is that whatever product or service you decide upon requires a serious look at the need for those products or services. It’s not a good idea to pick a product and then run around to find people who want or need your offerings. You should find the customers and then the products or service to fill or create those needs.
I have a list of a few library books that you should look at to help you determine what type(s) of business you would be well suited for. Ask your Librarian for other books about kids and money. You are not limited to any of the ideas and you can always put your own twist on the ideas you get. We are talking about YOUR business here.
Fast Cash for Kids … Bonnie & Noel Drew
Better than a Lemonade Stand … Daryl Bernstein
50 Money Making Ideas for Kids … Lauree & L Allen Burkett
Jobs for Kids … Carol Barkin & Elizabeth James
The Kids’ Business Book … Arlene Erlbach
Making Cents … Elizabeth Wilkinson
One of the ways to do this effectively is with a business plan. Besides checking out the books above, your local library also has books on how to write a business plan. It is not an overnight process but one of the more important things you can do to make sure your business starts and stays on track. Do something TODAY to start a business plan. You’ll put a few hours into writing it but it’ll show you if your ideas are really profitable. If you cannot put the time into writing a business plan, you most certainly cannot put the time in to conduct business.
Make sure you are legal before you charge your first dime and make sure you get your parents on board with your intentions. Who says that parents have to create family owned businesses? The books that I have recommended provide plenty of case studies on how young people can make more money working for themselves than they can working for others.
Don’t wait for your ship to come in … Swim out to meet it.
2006-10-02 14:13:45
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answer #1
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answered by Anonymous
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If he was my child I would watch him while he was doing it. Of course it would be okay for him to sing while he was doing it if he wanted as long as he kept working and look out the window occasionally. I don't think it's such a bad thing to take a long time as opposed to blowing it off. You could try helping him just a little, like helping put away a few things but be aware that he's not perceiving you as a push over and making your load more and more each time. You could have a light conversation, kids that talk with their parents frequently do better and start being better. I wouldn't personally tease him with a reward or anything because he may become accustomed to it and expect it, he doesn't need it and you're the parent, if you say to do something, he should do it, no questions asked (to a point) period, and there should be no back talking. If he's still doddling around, when he does a bad job cleaning the dishes tell him something along the lines of "if you expected me and your family to eat off that, we expect you to as well," and he will start cleaning up his act. I would try to do more disciplining in ways that he would have to communicate with you or sit in a room with you without any distractions or being able to leave until he talks or apologizes instead of just taking his valuables. Sorry I sounded kind of harsh and wrote a novel, but these would be effective methods, hope I helped.
2016-03-27 02:42:53
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answer #2
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answered by Anonymous
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I got my first job when I was 14 and I was working at the Tweeter Center(formally Great Woods) in Massachusetts cleaning up after concerts. I made okay money but the best part was I got to go to all the shows for free. You should go to your superintendant , sometimes they will have places that they can refer you to. Good Luck! And be sure to get your workers licence!
2006-10-02 13:59:20
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answer #3
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answered by jwilsonwcri 2
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When you are young get the dirtiest hardest most thankless job you can think of. Then when you are older and there is rent to pay and diapers to put on the baby, no job will be beneath you.
2006-10-02 13:58:50
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answer #4
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answered by alwaysmoose 7
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Try your local library.
2006-10-02 14:01:32
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answer #5
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answered by Johnny Platinum 2
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babysitting your neighbors kids.
2006-10-02 14:01:51
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answer #6
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answered by chr1 4
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