10 Ways Any Kid Can Be a Young Entrepreneur

Your kids can pursue their interests if they have some financial stability. Here are 10 jobs and small business anyone under 18 can easily start.

5 min read
November 13, 2022
Your kids can pursue their interests if they have some financial stability. Here are 10 jobs and small business anyone under 18 can easily start.

Key Points

Key ideas from the article and things to communicate to your budding entrepreneur.

  1. Learn to make $1, before trying to make millions
  2. Consider selling pencils, old notes, textbooks and other easy-to-lose school supplies to classmates
  3. Turn common tasks into small businesses & charge less than adult professionals would (lawn mowing, tutoring, swimming lessons, sports coaching)
  4. Monetize a something you enjoy (pet sitting, creating art)

Many children hope to develop their own sense of self-sufficiency through making their own purchases - even if it’s just the latest Marvel toy.

Your kids can pursue their interests if they have some financial stability. In order to make the transition from being given money on a silver platter to having to work for it, children need assistance from adults.

Kids who work will start thinking about and making plans for their ideal future and will understand the value of money. In order to achieve long-term financial independence, building a safe learning environment that rewards hard work is essential.

Why Early Jobs Result in Greater Success

Children who work for a living learn the importance of working hard. Children gain a greater understanding of the price of spending a dollar by earning one.

Kids are encouraged to consider ways to acquire the next dollar more quickly by earning just one dollar.

Both Walt Disney and Warren Buffett benefited from this fundamental early education as they worked to achieve financial independence. Walt Disney began by selling his drawings to neighbors, while Warren Buffett worked odd jobs and delivered newspapers until he was 12 years old.

If your teen can turn a hobby or passion into something profitable, that’s even better!

10 Jobs and Small Business Ideas for Teens under 18

Even if the profits aren’t huge, learn to make $1 before trying to make hundreds.

So, the first step to becoming a teen entrepreneur is learning how to make money. Here are ten ways for your child to make an early profit. From jobs to mini-enterprises.

1. The Lemonade or Pencil Stand

Pay: $1.50/lemonade or pencil

A lemonade stand only requires lemon juice powder, fresh lemons, ice cube, water, sugar, plastic cups, and a big jar.

Help your child put up a lemonade stand in your front yard and invite your neighbors to try this refreshing drink. Hot outdoors? Maybe you could open a lemonade stand, or sell cool drinks to people.

If a lemonade stand doesn’t work, try encouraging your teen to sell pencils in school! Kids often break pencils, or lose their pencil cases throughout the school year.

Pencil business models:

  • Buy a 12 pencil pack for ~$8
  • Sell each pencil for $1.50

Pencil renting:

  • Pencil is free the 1st day
  • Every day the pencil is not returned, charge $1

2. Homemade Baked Goods

Pay: $2/cookie or baked good

Everyone loves food. And pastries are even better! Selling home baked goods can even be a group event.

Cooking is a necessary skill for every person, so why not monetize it in a fun way?

Baking with your teen might also be a fun way to bond and even discuss some light chemistry topics.

Consider baking some of your favorite goods, and selling them to neighbors, classmates and friends.

3. Sports Coaching

Pay: $15/hour (minimum wage in CA/NY)

Parent of an athlete? Ask your teen to consider coaching the junior sports teams. Club teams could always use an extra hand! And by teaching others, your teen gets to practice their own skills.

If your child started playing early, encourage them to reach out to their old coach. If not, perhaps volunteer at local recreational centers.

Even better, help your teen become a private coach for a young athlete!

4. Life Guarding or Swim Instructor

Pay: $15/hour (minimum wage in CA/NY)

If your child is a strong swimmer, consider signing them up to be an official life guard!

Although the certification process is not easy, becoming a life guard early on is well respected and a true sign of determination, strength and care for the community.

Your teen will get early work experience in an extremely meaningful role! If your teen is on a swim team, ask the coach for life guarding connections.

If the larger role doesn’t sound appealing, your teen should always consider private/1:1 teaching! Sometimes, individual lessons for younger swimmers can pay better and give your teen more control over their personal schedule.

5. Selling School Notes/Old Textbooks

Although a more common practice for college students, high schoolers can also benefit from additional resources to aid them through their courses.

If allowed with your school and if your teen takes detailed notes, ask them if they know any struggling students who might benefit from notes from upperclassmen.

College note-sharing sites, charge as much as $20/unit of notes!

Textbooks can get extremely expensive. While it’s hard to justify selling a textbook back at the full price, perhaps consider selling it back at half!

6. Dog Walking and Pet Sitting

Pay: $5/dog/day

Whether they are someone else's or their own, children adore pets. In order to prepare kids for adult life, taking care of a pet helps them build up their responsibilities.

Neighborhood or city, pet ownership boomed with the pandemic! And now that people are returning back to in person work, these pets need company.

After your teen gets back from school, perhaps they can take all the neighborhood dogs on a walk!

Perhaps charge $5/dog/day.

So, if there are 5 dogs and your teen walks them all 3 times a week:

  • 3 days * 5 dogs = $75/week

It’s not as lucrative as an official job, but your teen at least has control over their schedule.

7. Lawn Mowing and Yard Work

Live in a rural or suburban area? Level up the community by helping out with lawn mowing and light gardening.

Professional gardeners and lawn mowers can get expensive, or at least cost more than the average teen would charge!

Perhaps your teen can charge $10/lawn and mow 10 lawns every Sunday! That is a weekly profit of $100.

Your neighbors might love to support a budding entrepreneur.

8. Creating Art

Do you want your children to explore their creative side or do they have artistic talent? Encourage kids to create images, and then consider selling them to relatives and friends.

They'll start to realize the value of their creative sides while pursuing quality work as they produce increasingly better art.

9. Thrifting / Selling Old Clothing

Does your teen have a lot of clothes? They might be able to use apps like Depop (selling clothing) or Goat (trading shoes) to make a profit on old clothing.

Second hand shopping is a great way to give back to the environment, by preventing further fast fashion, and cleaning out your teen’s closet!

10. Tutoring

Have an academic child? Even if your child is not getting an A+ in every class, sometimes young students just need that extra guidance to re-iterate concepts and offer 1:1 attention that you cannot get in many classrooms.

Consider asking friends if they have younger children who could benefit from this! From there, leave the salary negotiation to your teen.

We’ve seen teen tutors charge up to $30/hour, depending on the complexity of the subject! Compared to the cost of a professional tutor, many parents might be happy to support your child and elevate their own.

Investing for Teens

Join 150,000+ Bloomers 🎉

Bloom Investing app for Teens iPhone Holding Demo

Related Articles

10 Dividend Stocks for Teen Investors in 2023

10 Dividend Stocks for Teen Investors in 2023

Today we’ll learn about a way to still practice long term investing but also get some cash rewards while doing it. We’ll talk about what dividend stocks are, the benefits, and the top ten most popular dividend stocks in the United States. 

January 5, 2023
5 Steps to Decide How Much to Invest in 2023 as a Teen Investor

5 Steps to Decide How Much to Invest in 2023 as a Teen Investor

As a teenager, investing may not be the first thing on your mind. However, investing can be a great way to grow your money and set yourself up for financial success in the future.

January 5, 2023
3 Best Investment Accounts for Buying Stocks Under 18

3 Best Investment Accounts for Buying Stocks Under 18

Iif you want to be financially savvy, starting as early as possible is ideal. Here are three investing accounts for buying stocks under 18, to kickstart your journey.

December 1, 2022
Is Bloom Investing Legit?

Is Bloom Investing Legit?

Weighing the legitimacy of Bloom, the investing and financial literacy app for teens under 18, across 10 key factors.

November 29, 2022
Is Bloom a Good Investment App?

Is Bloom a Good Investment App?

Bloom has the latest investing features, unique parent controls for safe investing, crypto, stocks & ETFs, and the also SIPC/FDIC insures your securities up to $500,000 and cash up to $250,000.

November 28, 2022
Best Way To Save Money for Children's Futures

Best Way To Save Money for Children's Futures

Whether you have kids or not, saving money is no easy task. Here is how to be intentional about savings and how to stick to a budget.

November 5, 2022
Best Way to to Invest in Stocks Under 18

Best Way to to Invest in Stocks Under 18

To invest before you turn 18, or reach adulthood, try looking into custodial accounts! Make sure to pickup these four key investing principles and understand the pro's and con's of investing early on.

November 5, 2022
10 Tips to Raise A Successful Child

10 Tips to Raise A Successful Child

Help your teen take small steps towards whatever goals they wish to achieve. Here are 10 tips for raising a successful, confident and curious teen.

October 25, 2022
At What Age Can You Start Investing? 13 and Here's How

At What Age Can You Start Investing? 13 and Here's How

In the United States, you must be at least 13 years old to invest in stocks through a custodial account. Let's talk about the basics of the stock market and exactly how to start investing under the age of 18.

October 19, 2022
Can You Invest as a Teenager?

Can You Invest as a Teenager?

The answer is YES! Today we’ll talk about the importance of investing and financial literacy, how to learn and how to get started.

October 19, 2022
Robinhood Account Under 18? Ways to Invest as a Teen

Robinhood Account Under 18? Ways to Invest as a Teen

Robinhood does not offer custodial accounts, so you cannot invest with Robinhood if you are under 18. Let's explore ways to buy stocks under 18.

October 15, 2022
5 Tips to Set Your Child up for Financial Success

5 Tips to Set Your Child up for Financial Success

Here's how you can promote financial success to your teen by passing down the correct and simple financial lessons.

July 11, 2022
Dangers of Day Trading And Penny Stocks

Dangers of Day Trading And Penny Stocks

Dangerous endeavors of day trading and penny stocks, when investing becomes gambling, and how to loose your money 70% of the time.

January 15, 2022
10 Stock Categories For Young Investors

10 Stock Categories For Young Investors

10 ways to categorize stocks and 3 ones young investors should look out for. Young investors are time rich but cash poor so it's important to find stocks that compliment a teen investor's needs.

December 22, 2021
2 Teen Finance Misconceptions

2 Teen Finance Misconceptions

A quick primer on what you need to know as a teen trying to build wealth & top 3 misconceptions and misunderstandings.

September 23, 2021