"Early to bed, early to rise; makes a man healthy and wealthy." It is universally true for business. To establish a business needs lots of time, labor, perseverance and patience. To start a business, there is no age limitation. So, start your business at your early age to cut early crops.
No one becomes a big shot in one day. Lots of hard working, dedication, and passion work behind the success. Perhaps, ambition is the word that can lead you to the way of your dream. If your ambition is to become successful at an early age, you can’t wait for the proper time which you are expecting to appear in the near future. Let your time be proper from right now, and start building the structure of your dream.
Read Also: Top 20 Business Ideas for College Students
So, if you are still a teenager, this is an appropriate time to start your race.
The Right Business Ideas for Teenagers
To start with something in making money at teenage, it needs some ideas. It needs some research and analysis. But, coming up with the right ideas isn’t always easy. So, to make the life easier, I have gathered some magnificent business ideas for teenagers and going to mention them below. Let’s see-
The food business is one of a few businesses in the world which has a huge target market, and thus a huge chance of 100% profitability. People always love to eat, and that is the thing you want. So, it is really an ideal business for teenagers. Under this category of business you can consider the following businesses-
What Needs to Start: You just need nothing but a cart, some food and small amount of capital to start this business.
Profitability: As you can move your cart, you can frequently change your locations. So, you can easily target different customers. It will increase your profitability.
Risk: You may have to worry about your cart. Your cart may get damaged, and it may eat up a whole day of your business. You may have to face a problem with your food quality too.
Ice Cream Business
What Needs to Start: You need to buy or rent an ice cream machine. You may get some ideas about making unique Ice Cream from YouTube.
Profitability: If you can come up with different taste and flavor, your ice cream may get viral. In summer, Ice cream becomes the first choice of food, especially for the girls and kids. If you can choose your location wisely, there will be a high chance of earning more than the profit you are expecting.
Risk: Ice Cream is such type of food that has the demand mostly in the summer season. So, this is a season based business, and so you cannot think to sell your Ice cream throughout the year.
Vending Machine Business
What Needs to Start: You will need to buy a vending machine, or you can also rent it. You can also buy a used one in cheap rate, if you are struggling to manage much capital.
Profitability: When you are thinking of setting up a vending machine, you must think about your location. Your profitability mostly depends on your locations. You must choose a crowded area to set up your vending machine. In the vending machine business, you won’t need to pay any labor cost. Because your machine will do the all. This will reduce your expense and increase your profit.
Risk: Your machine may get damaged, and then you have to pay the repair cost.
Late Night Food Delivery
What Needs to Start: Of course, you will need food. You have to run some promotional activities. You should have an active phone line to receive orders from customers.
Profitability: You can earn some extra profit from this business. As you are delivering at late night, you can charge some extra money. Another advantage is, you can get some fixed customers.
Risk: You will need to be active on the phone all the night. If you cannot promote your business properly, you may not get much customers. Your expenses may arise for promoting your business.
You can also consider these as a food business-
- Cookie Arrangements
- Fresh Produce and Herbs
- Gift Baskets
- Gourmet Baked Goods
- Lemonade Stand
- Popsicle Cart
- Sauces and Salsas
- Specialty Foods
Providing educational services are undoubtedly a great money making idea for teenager students. It needs nothing as a capital, so there is absolutely a low risk in this business. So, under this category of business you can pick one of the following businesses-
What Needs to Start: You will need nothing but a good knowledge on the SAT. Then, you have to find student to provide the services.
Profitability: Surely, there is a high profitability in this idea. As you don’t have to pay any kinds of expenses, the amount you get, all will be your profit, and finding students to provide this service is also not that tough.
Risk: There are actually not much risk in this business. But, you have to have enough skill to teach.
What Needs to Start: First of all, you need knowledge on computer, you need to know how to impart it. You may need to have some advertising outlets.
Profitability: Computer tutoring has a huge opportunity to generate profit. It is not necessary that you should have a computer. Your experience is enough. So, it costs nothing to start this business.
Risk: It needs to have serious time management and, patience to keep going on with this business.
What Needs to Start: Like other educational services, you should have an excellent skill in music. First, you should be a good musician, before teaching the other. You need to do some promotional activities. You can open a Facebook page, and promote yourself with that.
Profitability: If you can put much effort, you can earn huge profit from this business. Just keep your patience.
Risk: Though, it is totally low risked business idea for teenagers, often it becomes harder to find students. People usually want to learn music from the professionals, not from the part-timers.
What Needs to Start: With this idea, you must be skilled, and much experienced much. To provide training at a personal level, it would be better if you have a website of your own.
Profitability: People, especially students, are mostly interested in outsourcing. So, you don’t have to face much complications to find students. If your method is excellent, you have the opportunity to earn a lot from this.
Risk: Usually, it is a lengthy process. To finish a course it takes much time. So, it can reduce your opportunity to shift to the other jobs.
You may also think of these following educational services-
- Educational Tutor
- Language Instructor
- Standardized Test Prep
Online business is also referred to as e-business which means any kind of business activity that happens online (over the internet).
A business owner who does any, or all, of their business using the internet, is running an online business. Running an online business can include buying and selling online, and providing an online service. A wide variety of businesses can be found online, in many different industries. Most importantly, as the teenagers have wider access to the internet, they can easily get engaged in any kind of online businesses given below:
Paid to Click Program
What needs to start: For the record, Paid to click program generates money by clicking on ads. You will need a personal computer, and internet connection to go in this business
Profitability: Working with PTC is so simple that teenagers can easily handle it. It does not need any cash as capital. So all the revenue you get, all will be your profit. There are Lots of trustworthy PTC websites in the internet. So, finding the suitable one is not so difficult.
Risk: There are absolutely no risks in PTC program. You just need to give some time, and be patience for earning much from it.
What needs to start: First, you need to have a blog that has lots of visitors. You should produce bunches of quality content in your blog. Then, the most important thing; you should have proper idea of the product.
Profitability: Affiliate marketing is the most popular online business because of its high profitability. If you have everything what it needs to start affiliate, you can easily get money without even working much. Once your business starts to get going, you will never have to look back.
Risk: Sometimes, you may not get paid the commission. The wrong strategy to sell the product can decrease your income.
What needs to start: You need to have an excellent writing skill. This is the first and most important thing you should have and of course, you need a computer and an internet connection.
Read Also: How I Write My Blog Post
Profitability: If you have quality in producing excellent content or post, you can make a huge profit simply from blogging. You can run your own blog, or you can write for others. Both can generate you a huge profit.
Risk: The first obstacle is patience. Usually, blogging needs lots of research and experiments. So, you must keep calm.
Earning with Google AdSense
What needs to start: You need to own a blog, and then drive huge number of traffic to it. It is the top priority to publish quality content in your blog.
Profitability: when you have enough numbers of visitors on your blog, they can generate you a huge sum of money. You can put ads in your post by using Google AdSense. When your readers see the ads while reading, they will click on them, and you will be paid per click.
Read Also: What is Google Adsense
Risk: You have to work hard to make your blog popular. Then you can put ads. At the initial stage, you may not earn much to live on.
What needs to start: You should be an expert on what you want to teach. You have to have wonderful skills to present the topic. It would be better if you have your own website. Internet connection and computer is must for any kind of online business.
Profitability: People, nowadays, are interested to learn online without moving from home. This trend is rising rapidly. So, there is a huge market waiting for you. If you have your own website, you can upload the tutorial on your website, and in return you can charge money. Or, you can work for other’s tutorial website.
Risk: If you don’t have a popular website, it will become difficult to get enough students. So, you will need to do some promotional activities, and that cost some money.
Some other Online Businesses you can also consider-
- Graphic Design
- Copywriting and Proofreading
- E-Zine Publishing
- Translation (audio & written)
Pet service is another good one for the teenagers. You have to take care of pet animals. You can provide pet owners an alternative option to look after their pets while being away from home, or short term when owners travel with pets. You can involve yourself in this type of work. Let’s see some options-
What needs to start: You should have experience on Aquarium Maintenance, otherwise you cannot provide this service.
Profitability: You can get paid, simply by looking after the aquarium. Only your experience is enough as capital, thus there are no chances of loss.
Risk: It is a daily basis work. You have to change the water, check the weather, and feed the fishes every day. Sometimes you may get bored.
Dog Walking Services
What needs to start: For this business, you should have basic ideas about dogs, and experience of dog walking.
Profitability: In this service, you can walk multiple dog at one time. So there are high chances to earn much in a short time.
Risk: Sometimes, You may lose your dog. This may harass you. Again, while walking dogs, there are risks of being bitten by the dogs.
Apart from these services, you can also think of the following services-
- Pet Sitting
- Dog Cleanup
Child Care Services
The business of child care can offer you the opportunity to pursue a passion for child care and child development while enjoying the independence and responsibility of being your own boss. Let’s know some of the ways-
What needs to start: You need to get a license for running this business. Then, you have to document your experience to show your clients. Last, you have to advertise your business.
Profitability: The demand of this business is rising promptly. If you can prove yourself an expert baby sitter to your clients, they will advertise your business, and can collect more clients.
Risk: Disadvantages of babysitting services are present, such as hours, behavior of children and irregular schedule. This is not a dependable way to earn income because you are at the mercy of families needing a babysitter. There is no regular schedule and are often called upon last minute. The jobs can occur once and then never again. It all depends on whether the employer ever needs a babysitter again and if he was happy with your work with his children.
Children Transportation Business
What needs to start: At first, you must have a driving license. Then, you should have insurance of your vehicle. As you are working with kids, you might have to show the documents of your driving experience and skills.
Profitability: As you are offering highly needed and appreciated services, you can charge extra money and increase your income. Another advantage is that, you can make your profit higher by expanding your business.
Risk: You have to pay high insurance for this business. Risk of car accident is ever present in this business.
Children Event Planning
What needs to start: Creativity is the prime need of this business. You need to make some unique themes to satisfy your clients. In this business, you have to invest some money as capital.
Profitability: Usually kid’s parties aren’t much bigger. So, you will face less complications. And satisfying the kids are not that tough. If you can prove yourself creative, you can easily make money from this business.
Risk: Often, You will see, some things are not going how you have planned them. Then all your hard work may go in vain.
You can also look at these types of Child Care Services-
- Children’s Event Organizer
- Children’s Night Out
- Vacation Childcare
All the above mentioned business ideas for teenagers can generate you a huge sum of money. Actually, being a teenager has a big advantage, and that is, you can make money in many ways. All the doors are open. Just pick an appropriate one. Before deciding to pick any of these ideas, do some research, analyses the pros and cons, and try to figure out the potentiality.