Small Business Ideas for Teens – Teenager Entrepreneurship Opportunities
What are the best business ideas for teens? There is no better time to start a business than in your prime. An advantage that comes with this is that you gain experience at a young age from all the mistakes you make while trying to start a business.
Mistakes create learning opportunities people learn from. It is noteworthy that every successful entrepreneur today made mistakes at least once in their quest to run successful businesses. For people interested in starting a business, this article unveils some great business ideas for teens to choose from.
How to Become a Teenage Entrepreneur
Interested in small teenager business ideas? If YES, here is how to start your own business as a teenager with no money and no experience. How much does it cost to startup?
Do you know how to start a business at 16 years old and the major teenage years?
Over the years, we have heard about remarkable stories of entrepreneurs who started their business empires when they were still teenagers. Today, these businesses are thriving and massive. How did they do it? Starting a business at a young age allows you to pass through several challenges which are inevitable.
However, a positive lesson that is always learned is that you get to understand what led to these problems as well as practical ways to avoid them. As long as you are in business, there will always be challenges.
Knowing how to weather the storm is what distinguishes an experienced entrepreneur from a newbie. However, it is in the latter that we are interested in as we seek to disclose how to start a successful business as a teenager.
Step 1: Taking the First Steps
Naturally, a teenager is expected to start out small. This is because, at this stage, he/she has little or no experience at all. Hence most of the vital business lessons learned at this level come from observing the way adults transact business. This will start from the home and extend to the neighborhood. These ways of exchanging products or services for money gradually develops and the teen begins to venture out of his/her comfort zone by offering to help neighbors.
Such areas may include having to help around with domestic chores such as washing the cars, dog walking, babysitting and many more. This is the most active and adventurous stage of growing up. It is at such a stage that teens get to discover a particular are they are skilled at. With the encouragement from family and friends, they hone these skills by monetizing them. These may include providing handyman services, tutoring kids among several.
Some go on to perform in shows and fares as clowns, working as shop or store attendants as well as learning IT skills such as programming and other related fields.
Step 2: Learning the Crafts
Being very imaginative, teenagers are able to learn multiple crafts such as painting, creating a blog, learning photography, carpentry, recommending products or selling same through affiliate marketing. The services provided here can be hosted on an amateur blog. By clearly identifying your status as a teen alongside products developed, people are likely to purchase these products or services even when they are not up to par with similar goods of higher quality. This act is done simply to encourage your business as a teen.
Step 3: Finding a Catchy Name for your Business
A business requires a name to easily identify it. This is the identity with which people will be able to patronize and refer others to. It is necessary that your business name conveys an idea of the services offered by you to your potential clients. It is important that you do not rush this stage of your business as a good name will contribute significantly to the success of the offline or online business. In choosing a name, do not overlook the advice of friends and family as they can be of tremendous help in this regard.
After finding a suitable name, the next step is to carry out a research on possible businesses using the same name. There are free search tools you can easily use. One of such is the Thomas Register where you get to find a list of unregistered businesses.
You must understand that for every business, there are similar businesses in existence. Turning a blind eye to their existence will be doing a great disservice to yourself and business. The strength of your competition, their reach, how their products and services are offered are important insights you need to have. This will require you to carry out an online research as well as visiting these businesses and making basic inquiries. Although they may see anyone making these inquiries as a competitor, the fact that you are a teen allows them to be more open as they would hardly see you as one.
In doing this, you will gain critical insight on what determines client/customer choices, as well as the particular services and products in demand and those which are not and why they are not.
Step 5: Who are your Target Audience?
Is there a real demand for your products or services? if yes, which segment of society is in most need of your services. Identifying these will go a long way in ensuring you produce relevant products that meet specific needs. In the course of finding out your target market, you also need to find out if there is a possibility for sustainable demand for such services. If these demands are sustainable, then such an area should be properly exploited as the future of the business depends on this.
Step 6: Financing your Business
Financing plays a critical role in the success of a business. You need to know the level of financing required for your chosen business. Are your savings adequate to ensure commencement of business operations? If not, how do you intend to raise the required funding? You may get assistance from investors who are interested in the business idea. However for any investor to commit his/her resources to a project, he/she has to know that the business idea is viable.
Your business plan will be required for obtaining investments. Your plan will reveal the viability of the business. Hence it is necessary to seek the services of an expert in writing a good business plan. This is because doing a shabby job will not only make investors uninterested but will also have a negative impact on the business if at all you are able to float such business.
Although there are other ways of starting a business as a teenager, these are the most crucial you cannot do without as they will determine how successful your business turns out.
GOOD BUSINESS IDEAS FOR TEENS
These business opportunities for teens have been tested with tremendous success achieved. You are being introduced to these great business ideas to choose from. With proper planning and the right approach, your goal of setting up a thriving business in your teens is well within reach. Find some of these interesting business ideas below;
- Errand Service for Seniors
This is a great place to start from. As people grow older into their 70s, 80s and above, they increasingly become dependent. If you are interested in this line of work, they are ever willing to pay for your services. The job description includes several errands such as grocery shopping, mowing, picking up dry cleaning and many more. You can start an errand business considering the fact that teens are very energetic and can provide your service in exchange for money.
- Web Design
Web design has increasingly become relevant to the way communication and business are done or conducted. Website design skills will opens doors of opportunities for you as you can design websites for small businesses for a fee. There are several online courses that teach website design. Some of these can be found on edX which is one of several online tutoring platforms that offers courses on a variety of subjects.
- Handling Mechanical Repairs
As a teen having some mechanical knowledge, you can easily start a mechanical garage where you fix a variety of mechanical faults for several engine types such as boats, cars, mowers and many more. For this business idea to be fully functional, you need to obtain the right tools. This business idea can be started on a small scale and later expanded as demand for your services grow. You friends, families and neighbours are likely to be your first set of clients.
- Starting a Blog
This business idea requires a great dose of creativity. As a teen, you need to choose your area of competence. If you can create great content in your chosen field that addresses a variety of needs, then you will succeed in building a growing readership audience. There are varieties of blogs on different topics. Some of these include fashion blogs, sports, comedy, business, finance and many more.
- Start a Video Game Shop
It is a fact that a large percentage of those playing video games consists mainly of teens. Hence this business idea can be exploited by you in taking advantage of being a teen to provide a service to other teens. Teens are much likely to patronize businesses owned by someone within their age bracket. You should not let this opportunity elude you.
- Starting a Cleaning Service
A small scale cleaning service can be started within your neighbourhood. This does not require significant investments. As a teenager, you can start this business by marketing it effectively within the neighbourhood. In this case, your likely targets will be households with busy owners who hardly find time to clean their homes and surroundings effectively. As your business grows, you can later consider expanding your operations to include corporate clients.
To start this business, you may need to obtain approval from your parents to make use of washing machine. Other things required include detergents and stain removers, ironing board, a dryer, as well as a pressing iron among other things. This can be started right from your home. On the other hand if you don’t possess some of the major equipment such as a washing machine and dryer, you will need to raise capital to purchase them.
- Become a Baby Sitter
Everyone loves babies. However not everyone has the patience to take care of them properly. If you love and care for babies, then you may want to start a babysitting service where you take care of kids for busy parents. As a teen, you can offer this service on weekends or during breaks.
- Starting a Bakery
Teens are known to be very curious and willing to learn a lot of things during this time of their lives. Hence if you possess baking skills, you can start a bakery right from the comfort of your home. This business idea allows you to produce a variety of bakery products such as cookies, cupcakes and more. While patronizing your business, your immediate family and friends can help out in marketing these for you.
- Teen Magazine
What better way to take advantage of your unique market than starting a teen magazine? Having a flair for information gathering and sharing is a great attribute for starting this business. This business entails having to research information online with a view to gathering current and relevant information and publishing same. It is important to have an effective marketing strategy to attract your target market.
- Graphics Design
As a tech savvy teenager, you may have learn graphic design skills or have interest in learning. This is a business idea you can exploit by creating graphic content for your clients. To stand out from the rest, you need to be good in what you do. The better your designs and marketing skills, the greater the number of clients you will attract.
- Computer and Phone Repair
You can learn this vocational skill and use it to start a phone and computer repair business. There are many PC and smart phone users who will experience problems with their gadgets. Knowing how to fix these is a great way to earn a decent income. Learning this skill as a teenager gives you the opportunity to further specialize in more technical areas in addition to a growing level of expertise.
- Selling on eBay
Teenagers can start successful businesses by selling products on eBay. This platform offers a meeting place for both buyers and sellers as millions of people go online to search for specific or general items. Your clients (buyers) will make a purchase if they agree to your deal. There is a vast collection of items you can easily sell. However before doing this, you will need to read the terms and conditions for doing business first.
- Becoming a Freelance Writer
Freelance writing gives you the freedom to choose who you work with. You can create content for different blogs on a variety of subjects, especially those given to you. These may range from history, finance, business, comedy, and many other areas. However as a teen, you may choose to write contents with special focus on teen interests. The important thing here is choosing a niche you have interest in.
- Ticket Sales
One of the business ideas you can consider as a teen is the sale of tickets where you earn commissions from tickets sold for a variety of sport events. To earn higher commissions, you will need to sell tickets for big events which have a higher commission rate in addition to the high turnover from sales which significantly adds up or increases your earnings.
Do you have a flair for photography? Have you had a passion to capture beautiful moments whenever you witnessed one? Then you may want to consider starting a photography business. As a teenager, this business idea is ideal as it needs the stamina and patience to obtain the perfect shot. During events, you will be taking a lot of snapshots and also making sure they come out sharp. The basic things needed include a camera, printer, editing software, computer and many others depending on the scale of your business.
- Starting a Car wash
The number of car owners is on the increase as a greater number of persons now have multiple cars. This offers a great business opportunity as teens can exploit this by starting a car wash. In starting a small scale carwash, the cost implications are significantly low. Hence you do not require much start up capital. However, your carwash should be located in busy neighbourhoods. This contributes to the level of patronage.
- Retailing Hair Extensions
More women are now using hair extensions than they ever did. This trend has led to the production of a variety of hair extensions from different parts of the world consisting of both synthetic and human hair. You can take advantage of this boom to provide hair extension retail services. Other cosmetic products can be added.
- Tutoring Services
As a teen, you possess a lot of knowledge you can impart on younger children for a fee. You can therefore start a tutoring service where you offer to teach kids a variety of lessons which may include music, arithmetic, French lessons (or any other languages) and many more.
- Sale of Educational Materials
A lot of kid and teen educational materials exist that you can start selling. Many families are open to buying any educational materials that will improve learning and make it more fun. There are several of these materials to choose from. Some of these include pads, toys, jigsaw puzzles, lego, recorded educational content on DVDs and many others.
- Starting a YouTube Channel
A YouTube channel requires a lot of work and dedication on your part in creating original content. You should have a specific niche you are targeting. It requires updating your channel with a lot of relevant content (mainly videos) that will be of interest to your audience.
- Providing Lawn Care Services
With an increasing number of people finding lesser time to handle certain jobs, you can start as a lawn care provider by mowing lawns for neighbours. This great business idea for teens allows you to handle several clients and also dictating your work schedule.
- Pet Sitting Service
Just as there are babysitting services, there are also pet sitting business ideas you can try out as a teen. This may include dog walking, and grooming services. If you love animals a lot, then this offers you an opportunity of always being close to pets and giving them the best care possible. During this time, you will have to feed the pets too. Considering this business idea is necessary as pet owners become more and more busy with business, work and vacations.
- Greeting Cards
Greeting cards offer an opportunity to earn some income from your crafts and ideas. The best part of this business idea is that it requires no substantial investments. In addition to this, it can easily be learnt by anyone within the space of a short time. To make unique greeting cards, creativity is highly essential in achieving this objective.
- Start a Handyman Service
Have you always wanted to fix any damaged furniture, appliance or part of a building? If your answer is yes, then you may want to give this business idea some consideration. Many times, people try to keep up with damage done by them or kids to properties. They need help to fix some of these problems. As a teen, this allows you to help people solve their problems while also gaining critical experience. It is necessary to have necessary knowledge. This can be learnt on the job by becoming an apprentice first.
- How-To Videos
We live in an era where people no longer need to look for physical places to learn stuff as everything is now easily accessible via the internet. For teens with certain skills and wondering how they can commercialize such knowledge, the creation of videos that teach these skills should be done. There are several online platforms where such videos can be hosted. You can market these on social media platforms with links where people can easily be redirected to your site. After paying for the course, they can gain access to these videos to watch online or download.
Invention is a great business idea teens can consider. If you have always wanted to create something new that will help make work less stressful, then maybe you need to implement these ideas. The good thing about this business idea is that there are several channels through which you can reach your target audience. These include social media, YouTube and related blogs.
- Selling at Craft Fairs
If you have knowledge on crafts, whatever the type, you can start making these and selling them to interested clients. It is necessary to target craft fairs as an avenue for showcasing your products. This is a huge platform available to you to display your products. Everyone coming to such fairs are interested in either purchasing some or window shopping.
- Selling Ice Cream
Another business idea for teens is the selling of ice cream. To satisfy ice cream lovers, you need to have different flavours available. The more variety you have, the greater the patronage. Sales are usually higher during the summer season. For increased sale, it is necessary to target areas with high foot traffic such as sport centres, as well as beaches among others.
- Starting a Dropshipping Store
We live in an era where people are not restricted by age in starting a business. At their teens, people can set up a dropshipping store without having to invest. All they need is to create a Shopify account where they promote the products of others on their blogs and social media sites. By entering into a partnership with sellers, a percentage of any purchase you attract goes to you. You do not need to stock up on any product.
- Affiliate Marketing
Teens can start out as affiliate marketers. As a teen, all you need to do is to simply visit any online store, register under the affiliate section and choose the products you will love to promote. You are given a unique link and banner which you can place on your blog as well as only your social media account or a special page dedicated for such purposes. Any sale made through any of your links automatically qualifies you for a percentage of the amount paid.
- Starting a Non-Profit
Running a non-profit requires dedication and judicious allocation of resources. This type of business relies mainly on donors who may consist of both individuals and organizations. Non profits always pursue worthy causes. Thus you need to select a cause most dear to you. The main difference between this model of business with others is that it is established not for purposes of generating profits, but for touching lives.
- Social Media Influencer
This business idea is for teens who have successfully built a huge following on social media due to a variety of reasons. Brands and businesses are always interested in working with this type of people as influencers. This is because whatever you say will likely be taken seriously by your followers. You can work with these brands and businesses towards creating a steady source of income.
- Starting a Podcast Service
There are several ways through which businesses use to reach out to their target audiences. One of such is by starting a podcast service which is a voice only recording where knowledge on a wide variety of issues are discussed and questioned answered. You can create a blog where a variety of contents consisting of videos, podcasts and images are contributed.
- Cake Decoration
As a teen having cake decorating skills, you can work as a cake decorator for a variety of functions. Having exceptional cake decorating skills will significantly increase sales.
- Setting up a Computer
As simple as this may seem, having a basic knowledge on computer operations is an idea you can use to make some money. For persons without much computer skills such as seniors, this service is vital to them. You can help them set up their computer as well as help them navigate through basic tasks for a fee.
- Selling Stock Photos
Many times, a lot of people go online to look for certain pictures to use on their blogs. Many are ready to pay for these pictures. Hence you can use your camera to snap professional photos. You can either choose to focus on a specific niche or you may choose to shoot general photos. These are hosted on blogs as downloadable products and targeted at clients who are interested in buying such photos.
- Starting your Clothing Line
You will need to be good with design to thrive in this area of business. You can start your own clothing line where you may decide to start a clothing store or to offer samples. There is no limit to what you can do as a clothing designer. You can provide lessons to persons interested in learning too.
Having musical talent is not enough. You have to put it into use. Choosing this line of business as a teenager depends on a lot of things, some of which include the genre of the music, how receptive your music has been so far as well as signing with the right record label. These are some of the critical areas that need to be given attention to if you must succeed.
If you are good at making people laugh, then chances are that you might have received a lot of advice to become a stand-up comedian. This field of business requires constant creativity to stay fresh, as some jokes turn stale with if repeated severally. For successful takeoff, it is necessary to seek advice from those who have been there before you. Their advice will prove invaluable to you.
- Starting a Delivery Service
As long as you have a good source of mobility, you may want to consider starting a delivery service. This business idea is great for teens that are energetic and will want to go explore further. You will be responsible for delivering goods for your clients. This means that you will constantly be on the move.
A lot of authors and writers are very busy to have to go through their work and make the right adjustments. While some may have all the time, others just need a different set of eyes to go through their written work and identify mistakes or errors and apply the right corrections. You can choose to offer your services here if you have a passion for such.
These are some of the good business idea for teens which you can easily start. These are not just abstract ideas, but have been tested with great results obtained. For all of the above, it is necessary to be driven by passion, as only this will sustain you and enable you achieve your goals.