Business

10 Business Ideas for Teens & Young Entrepreneurs

No matter how old you are or what you do, starting a business can be quite profitable. You could start a business with the minimum resources as a teen
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Teens today have plenty of resources, platforms, and easy-to-use tech at their fingertips, it is a very good time for teens to start their businesses and start earning.

There are various low investment side jobs that teenagers can do with their current skills that can help earn money.  

No matter how old you are or what you do, starting a business can be quite profitable. Understand, all businesses do not require hefty investments and a lot of business acumen, to begin with.

You could start a business with the minimum resources as a teen and in turn, get paid for it.

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Here are 10 profitable business ideas for teens:-

1. Social Media Consultant

In today’s digital world, being a social media consultant can be a lucrative and exciting job. Your familiarity with the Internet will help you to start this business. To be an expert in your service, do a bit of research, learn a bit, take up online courses, read books that will teach you details of how to effectively use social media as a promotional tool. 

Learn how to apply these skills to your business. Create blogs, Facebook pages, twitter account, and offer your service and charge for it. Companies pay a good amount of money to those who are experts in this business and many teens make a great living as a social media consultant.

Once you get enough clients, you can expand your business and hire more consultants under you. In time you can build your social media consulting agency. The initial investment for a business like this is hardly anything.

2. Tutoring 

As a teen, starting a tutoring business is the most logical option, and it can also be pretty remunerative. If you excel in certain subjects, turning your strength into a tutoring business is a great scope to earn money. Besides, the great thing about starting this business is that no investment is required to start the business. And showing that you teach a certain subject in your resume might be a good idea for you to get better job opportunities in the future. 

Your juniors, your peer’s younger siblings are all potential customers. With the help of word of mouth and referral marketing, you may get more clients. This is the type of business with a fixed in-person clientele right there next to you at the place you study, every day. Expand your business as you get more clients and it can be a huge success more than you have imagined.

3. Web Designer

A little knowledge can help to get business ideas for teens. If you know web designing, then you can offer your service for money. There are many people out there calling themselves web designers who just use templates and have only basic HTML background, you should not be one of those. This is one business where you need training and practice to get started. 

If it’s interesting you, it won’t take a long time to learn. If you know what you are doing and have enough practice in web designing, it can turn out to be a very good opportunity for you to start a business in the same and earn.

Many small businesses requiring websites, may not have the budget for a professional web designer, by offering your services for a lower rate, you can set up your own web designing business.

Photographer or Videographer 

With the small investment in equipment and learning editing skills, teens can start a business as a photographer or videographer. Teens can specialize in many niches in this type of business like pet photography, event and family portraits, and more. 

As a teenager, you can create social media content for local businesses. With the help of social media platforms like Facebook, Instagram, and others, the promotion of the business can be done free of cost. A small charge may be levied on you if you wish to build a website for yourself to promote the service you provide.

Many teenagers who are passionate about photography are taking the opportunity to capitalize on their skills and earn money from it. Once you become professional, you may be eligible to get hired by big companies for the promotion of their business.

5. Etsy Retailer

The Internet has opened up so many doors for those who are willing to work from home. Esty selling a craft or homemade items is one of the best business ideas for teens. If you know how to make jewelry, clothing, and craft, and want to sell them, Esty is a great way to earn money. The best thing about this business is, you can do it from the comfort of your home. And it is great how you can turn a hobby into a successful business. Many artists make enough money by selling their crafts on Esty. 

You can also consider selling cookies, cupcakes, candy, and chocolate on Esty. Esty does not take a commission but offers a safe and easy way to start the business and make money.

6. Tour Guide

If you know quite a lot about your city and you would like to share the information with others, you can consider the idea for the business. If you live in an interesting city, with unique culture and history, nature, and is used to communicating with people then becoming a tour guide or city guide can help you earn a few bucks. Learning a foreign language for communicative purposes is an added advantage to be a tour guide.

In the present day, people show interest in different cultures. They move quickly from one city to another or go abroad for good and this could be a great opportunity for you to flourish your business of a tour guide.

7. Start Your Own YouTube Channel

Another intriguing and creative business idea for teens is to start a YouTube channel. The barriers to starting a YouTube Channel are extremely low. If you are creative and are motivated to become an entrepreneur, YouTube is a great opportunity and a very useful platform for you.

There are many teenagers on YouTube who are successful in their job and have more than a million subscribers. After earning subscribers in millions, you can get an endorsement from major brands, ads, and merchandise.

YouTube is truly a great platform for creative teenagers who wish to jump into businesses early in their careers.

8. Music Lessons

Musically inclined teens can take up the idea of teaching music as a business plan. Someone who isn’t interested in starting a band may be interested in offering music lessons.

If you excel in certain instruments like piano, guitar, violin, or any other instrument, you will have a good market for these skills. With little investment in instruments, these skills can help you get clients for the business.

If you are successful in getting enough clients, you may decide to expand your business, and hire music teachers under you. You can build a music school and start giving music lessons monthly fee or charge according to your service.

However, this might take you a while, to be accustomed to the market and get a good clientele.

9. Blogger 

If you are an expert in a particular area, like social media, and have skill for writing, you could launch a business through a blog. A blog is also a tool to promote any business. You can use blogging as a way of business or even as a process to promote any kind of business. Many blogs deal with different hobbies. 

Describing your hobbies or sharing some important and interesting information will help you collect your audience. Keep in mind, this business will take time to earn a profit. First, it needs to earn an audience, and then you will have the opportunity to collaborate with advertisers and affiliated partners to bring start earning.

With proper promotion, your blog can become well-known. It can become a popular information platform with which some brands or websites will want to cooperate. There are also affiliate programs that will pay you when people click through the links on your blog to their sites and make a purchase.

This is known as ‘Pay-per-Click’. Doing a bit of research on this might help you gather the business idea and in turn flourish your business.

10. Freelance Writing 

If you simply enjoy writing, starting a freelance writing business is a perfect option for any teen. Many may already have a tool to start the business. You can take up some online classes to improve your writing skills and can earn good money from this business. There are a lot of companies, magazines, and websites out there, seeking out freelance writers to work for them.

If can you check the freelance market places, you may find plenty of jobs available. And checking some traditional job broads for freelance writing is always a good idea.

Conclusion

All this said, no matter how old you are or what you do, starting a business can be quite profitable. Understand, all businesses do not require hefty investments and a lot of business acumen, to begin with. You could start a business with the minimum resources as a teen and in turn, get paid for it. 

Along with your studies and co-curriculum, starting a business of your own might be a good idea of earning your pocket money. 

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