So many people search for ideas on how to make money as a kid.
Yet, when I look at the results, they’re boring.
Post after post talks about starting a lemonade stand business or walking dogs.
Sure, those are great business ideas to get you started at a young age, but how can Tweens and Teens make money beyond the lemonade stand?
Young entrepreneurs are springing up all around the world and having massive success.
This includes some young teenagers who are making a couple extra hundred bucks a month to others making millions.
The value, either way, in becoming an entrepreneur at a young age is massive.
The skills and personal development that it teaches a child are huge and ones you’ll carry with you for the rest of your life (whether you become an entrepreneur or not).
And here’s the thing, kids want to start their own businesses.
A Gallop study showed that roughly 1 out of every 2 students want to be an entrepreneur.
Compared to the past, this is a big shift.
Between 1950-2000, 45% of Teenagers had a job, according to the Bureau of Labor Statistics.
Today, less than 27% of teenagers have a job.
There are many reasons for this, such as more competition from older workers, scheduling conflicts with different school schedules and employment laws that are tougher.
But kids also just don’t want the boring jobs of the past either. That Gallop study showed 8 out of 10 kids want to just be their own boss.
American students want to create ideas that can change the world, another Gallop poll showed.
They also believe that the more experience they gain and education on business, the more money they’ll make.
In addition, the job market is changing rapidly compared to the past.
As we pointed out previously, 75% of all future employment will be in what’s known as the Gig Economy.
Thus, whether a teenager wants to be self-employed or not, in the future, the skills that they’ll need to survive will be those they learn as an entrepreneur.
Why Should I Start a Business as a Teenager
There are a number of skills that you’ll learn by starting your own business that we’ll go over in a moment.
But let’s first address why you should consider becoming a young entrepreneur.
Today’s economy is different than the one your parents had to prepare for.
Corporations aren’t hiring for full-time jobs as they did in the past [click here to read a detailed report why].
The costs of hiring a new worker have escalated and it’s cheaper to hire freelance workers for temporary jobs.
Healthcare costs continue to rise dramatically and companies are more cautious today than in the past about who they’ll hire.
Thus, if you’re going to be freelancing, you’ll need to market yourself like an entrepreneur to get that temporary job because it’s competitive.
Don’t worry about this new economy, though.
It actually pays better and offers you more flexibility to work from remote places, which your parents weren’t able to when they entered the workforce.
Even if you land a job out of school, more millennials are having to freelance because the cost of housing has increased at a faster rate than wages and student debt is higher than ever before. Typical jobs today don’t pay what’s required to live an average lifestyle. And who wants to live average anyway?
Also, to scale inside a large corporation, entrepreneurial skills will help you move up faster. Let’s go over what the skills are that you’ll need when becoming a young entrepreneur.
Life Skills Young Entrepreneurs Learn
Before jumping into some business ideas for teens, let’s touch on what it teaches you.
Here are 9 skills you learn from being an entrepreneur that will improve your success in all areas of life.
Being an entrepreneur forces you to think creatively. You’re constantly having to come up with innovative ideas whether you’re baking cupcakes or creating the next Microsoft.
Nothing teaches you more about money than making it your own.
Critical thinking is useful in just about every area of life. In life you’re always faced with having to make decisions, like should you buy that new car or what should you focus on for work.
Entrepreneurs are always problem-solving, dealing with challenges, looking for opportunities and having to make decisions that impact the future of their business or earnings. This sharpens one’s critical thinking that helps them inevitably win at not only business, but life.
Initiative & Ambition
Success and/or failure falls on the leader of the business and thus for the business to succeed you must be ambitious. Even a minor win becomes a big thing and it creates momentum when celebrated. Entrepreneurs feed off this dopamine rush and it motivates us to take more action to increase these wins.
Resilience & Adversity
That rush for success is also faced with setbacks and hard times occasionally. This will test one’s patience and tenacity. As mentioned earlier, it’s important to celebrate your wins, regardless of how small, because it helps both young entrepreneurs and experienced, veteran entrepreneurs get through the tough times.
During tough times, it’s your inner circle that can either help or hinder your success. You learn this early on as an entrepreneur and you also learn to question those who aren’t having a positive impact on your success. This is, personally, one of my favorite skills that entrepreneurship teaches young entrepreneurs.
Communication skills are improved both when writing and speaking in business. Public speaking, copywriting, marketing, selling and all improve daily.
You learn to appreciate the power of knowledge and see learning as the superpower it is. Entrepreneurs see the joy in learning new ways to grow their business and overcome obstacles. We devour any knowledge that can help us accumulate a competitive edge.
Collaboration & Leadership
Entrepreneurship teaches you how to network and collaborate with others. You learn very fast the power of synergy and how focusing on individual expertise in a team creates greater success than going it alone.
55 Powerful Ideas On How To Make Money As A Kid
In a moment we’ll share a monstrous list of young entrepreneurs who are crushing it around the world.
You’ll notice some of these businesses are extremely innovative and others aren’t.
The key, though, is they each got started.
So let’s share some ideas so you can find a business to get started with today.
I want you to understand something, though, so you don’t get stuck.
There are too many wantrapreneurs in the world. These are individuals who talk about being an entrepreneur but never become one. This is because they’re either afraid to take action or always waiting for some “Big Idea”.
I don’t want this to happen to you, so remember this: there are a greater number of millionaires in middle-class neighborhoods than communities considered affluent.
This was pointed out in the remarkably popular book “The Millionaire Next Door.”
These are individuals doing everyday businesses that keep our country running.
The key is none of them worried about coming up with some type of “fancy” business or new idea.
They’re everyday ideas that you can start yourself today.
Scroll through all the ideas outlined below and you’re sure to find a few you can start today.
The Largest List Of Young Entrepreneurs in the World
Now that we’ve shared a bunch of different teenage business ideas for you to consider, let’s go through and share a massive list of amazing young entrepreneur stories to help you see the endless possibilities.
When you learn how to make money as a kid and bring these skills with you into the future, you become unstoppable.
You’re about to see countless different opportunities to show you that anything is possible.
Before diving in, though, this list is growing and many have been mentioned on our daily 2-Minute Podcast called The Power House Family.
We’d love to highlight you (or your child’s) success story and include it here below for inspiration (and possibly include in a book releasing soon). We also might share your story on a future podcast episode. Have something exciting to share?
Either email us at [email protected]rTableMBA or submit your Tween or Teen entrepreneur story by clicking here and following the instructions.
Let’s get started…..
The Largest List of Young Entrepreneurs in the World
Allina Morse: 13-Years Old Selling Lollipops
Allina Morse is the Founder and CEO of Zollipops, employs 6 people, does $5-6 Million a year in sales and is in over 7500 stores throughout the United States. Allina’s father told her not to have a lollipop while leaving a bank because of the sugar. So she invented a sugar-free alternative [listen to our podcast about Allina].
Darius Brown: 11 Years Old Selling Handmade Bow Ties
Darius Brown is an 11-year-old from Newark, NJ, who is on a mission to help rescue dogs and help get them adopted. He hand makes bowties for you and your dog. Part of the earnings go towards assisting in helping get dogs adopted. He’s even received a letter from Former President Barack Obama, thanking him.
Josh Ryan: 15-Year Old Instagram Account Manager
Josh Ryan started posting positive quotes and inspiration on his Instagram account and got great attention. 3 years later, he’s managing famous authors, coaches, and entrepreneurs’ Instagram accounts. Our podcast episode shares how Josh tells other young entrepreneurs to never let age get in your way of success.
Matiss Ozerskis: 17-Year-Old Online Drop Shipping
Matiss was fascinated with online e-commerce as a teen entrepreneur and studied many mentors online trying to replicate their success. Each setback helped him learn more and by the age of 18 he was selling $70,000 a month and making $3,000 in profits drop shipping Visual Art and using Social Media to drive sales.
Mason Ramsey: 11-Year Old Internet Famous
Mason Ramsey is now an American singer who became Internet Famous by yodeling Hank Williams “Lovesick Blues” in the middle of Walmart. He’s since signed with Big Loud Records in 2018 and performed live throughout the country. His grandmother is his producer and they’ve taken his internet fame and turned it into a business.
Bethany Mota: 13-Year-Old YouTuber
YouTube sensation Bethany Mota was bullied at the age of 13 and started a YouTube channel discussing this. Her channel exploded to over 10.5 million subscribers today. Since then she’s created her own clothing line, appeared on Dancing with the Stars, written an amazing book and has made over $2.5 million just from her videos.
Asia Newson: 15-Year-Old Candlemaker Young Entrepreneur
Asia Newson is known as Detroit’s youngest entrepreneur. This 15-year-old started her own candle business by first buying them at the Dollar Store and selling them for more to profit and learn how to make her own. The rest is history and she’s sold over $70,000 in candles of her own, while in school.
Jaequan Faulkner: 13-Year-Old Hot Dog Stand Owner
Hot Dog Kid Entrepreneur Minneapolis Jaequan Faulkner became a bit internet famous after city officials closed him down for not having a permit. City officers chipped in, buying him a new hot dog stand and paid for his permit. He’s now looking to donate 25 cents of each hot dog sale to raise awareness about youth depression.
Mark Zuckerberg: High School Senior creating Software
Mark Zuckerberg, billionaire founder of Facebook, first created a business called Synapse Media Player, while in High School. It used artificial intelligence to learn your music listening habits and assist in playing your favorite music (for free). Mark was offered $950,000 for this company while still in High School. We point out Mark to show you how he started at a young age testing business ideas.
Ben Pasternak: 15-Year-Old App Creator
Ben Pasternak was bored in science one day so he created an app that moved on to become the #1 downloaded app. He dropped out of high school, moved to NY, received $2 Million in funding for another app that quickly shot up to 2 billion uses and 5 million users and was quickly acquired. He’s 19 now, made Crain’s list of 20 Under 20 and is looking to make the world a better place.
Cathy Tie: 16-Year-Old Genomics Researcher
Cathy Tie has had a passion for genomics. Today, she is 22 years old and the youngest partner in a Silicon Valley Venture Capital firm. She launched her startup at 18. Earlier, at 15, she was in a lab conducting research on rare disease genes and was published in Canadian Young Scientist Journal. She attended 1 year of college and dropped out to pursue her passion. Today she’s continuing to find cures for diseases and fund new startups.
Adora Svitak: 12-Year-Old TED Speaker
Adora Svitak gave a TED Talk viewed over 3.3 million times on What Adults Can Learn from Kids. She has authored books, worked with the UN, and is on a mission to raise awareness for World Hunger.
Taarini Dang: 14-Year-Old Venture Capitalist
Taarini Dang has founded 2 companies, written a book, is working on her next book and has spoken at tech conferences. Troubled by society idolizing girls for beauty pageants more than their intellect, she’s looking to change that. Her company Dang Capital looks to invest in women in tech and has raised $100,000 from friends and family.
Reagan Woytowich: 13-Year-Old Ice Cream Truck Owner
Reagan Woytowich heard an ice cream truck ring its bell at the beach while with his family. He had an idea, and upon returning to his PA hometown, he opened Junior’s Ice Cream out of a vintage truck outside his father’s restaurant.
Camryn Brown: 12-Year-Old Shower Powder Entrepreneur
Camryn Brown sensed a problem in the Bath Bomb business because they were so expensive and not easy to reuse. She created her product and shortly after sold 50 bags in one weekend at a local festival. Today, her Shower Powder is available in various farmer markets, shops and online.
Sweet Bee Sisters: 13-, 15- & 17-Year-Old Natural Skin-Care Products
3 sisters borrowed $200 from their parents and created a lip balm beauty line. They researched the main ingredients and put together something amazing. They sell online and have received major press around the world (including CNN).
Kennedy Thames: 17-Year-Old Cheerleader
Kennedy Thames is a cheerleader out of South Carolina. She works hard like many other high school athletes, but what she did differently is documented it all on social media. She has since been paid to promote products she likes to her followers.
Kheris Rogers: 11-Year-Old Fashion eCommerce Fashion Entrepreneur
Kheris Rogers turned being bullied for her dark complexion into a fashion line called Flexing My Complexion. She and her sister borrowed $100 from their mom to start a T-Shirt business and turned it into a huge success, selling 10,000+ shirts already.
David Aguilar: 18-Year-Old Lego Prosthetic Arm Inventor
David Aguilar, who goes by the name “Hand Solo”, was born with a deformed arm. As a child, he loved Lego’s and started building himself an arm at the age of 9. By 18 he built himself a complete arm that is fully functional. Today he studies Technology.
Amanda Kawula: 14-Year-Old Handmade Cheer Bow Entrepreneur
Amanda Kawula, yes my daughter, has a passion for cheer, dogs, and crafting. After attending countless entrepreneurial events and watching me over the years, she’s now beginning her own journey down the path of entrepreneurship.
Tania Speaks: 16-Year-Old Organic Skin Care Cosmetics Entrepreneur
Tania Speaks was bullied for her eyebrows in school and instead of letting that defeat her, she built an amazing organic skin care business selling to both men and women. She’s been interviewed by Forbes and was even able to skip her junior year of High School because she excelled in school also. Business is booming and she’s also off to attend Hofstra University.
Sam Morgan: 17-Year-Old Personal Shopper on Instagram
Sam Morgan loves fashion and sneakers. Starting at the age of 13 he was buying and selling clothes online. He built a following on Instagram and started Direct Messaging famous athletes. Today he shops for 300 Elite Famous Athletes and has grown an amazing business from Instagram.
Conclusion: How To Make Money As A Kid
Learning entrepreneurial skills at a young age is more important today than any time before in history.
The economy is predicted to be very different by 2025 and the skills you’ll need to succeed in the future can be learned today through entrepreneurship.
Sure you’ll make some nice money while embarking on this journey, but you’ll also learn countless traits that can help you succeed at anything in life.
Academia and/or big business will no longer decide your fate.
Instead, they’ll be knocking on your door for you to either attend their school or be a part of their company.
The thing is, though, you’ll now have the Freedom to decide what you want to do. And it’ll be on your own terms.
That’s the freedom the comes with Entrepreneurship.
Are you ready to get started or do you have a question? Leave a comment down below and let’s get you started on becoming a Freedpreneur!