There are always many searches from teens on possible small online business ideas for teens to delve into. Many of such searches come from the potential teen entrepreneur himself and some teen parents hoping to make money.
Modern children and teenagers have technology readily available. This opens up a world of opportunities that older generations have never had.
Gone are the days when I tried to set up a lemonade stand by the roadside or pick up a paper round. You can do it online in your spare time these days.
A great skill that can help you for the rest of your life is to learn how to make money as a child. It gives you the opportunity to understand the importance of working a long day.
Plus, without having to ask your parents for extra money, you can actually afford all the wonderful things you want. Here is more info on business ideas for teens 2020
1. Reward Websites
This is one of the best small online business ideas for teens for making money online for teens. Reward sites are similar to survey sites because they are something you can do here and there to build money and rewards over time.
The more you participate, the more you can build. The points can usually be redeemed for not only Paypal cash but also various items and Amazon gift codes.
2. Examination Panels
This is one of the best small online business ideas for teens for making money online for teens. Teenagers can do online surveys for money for various survey panels online. Many, many online survey panels allow you to register as long as you are at least 13 years old.
Note you must have your parent’s permission if you are under 17 years old.
Like most other online jobs for teens, this is money that is slow to build. But the more survey panels you are a member of, the more survey invitations you should receive.
Doing surveys here and there when you receive them can certainly add up to extra money in a month.
Epoll – 13 years and up
Harris Poll – 13 years and up
Toluna – 13 years and up
Springboard America – 14 years and up
One Opinion – 13 and up
3. Sell On Etsy
This is one of the best small online business ideas for teens for making money online for teens. Etsy is an online marketplace for everything handmade and vintage. You can open a store on Etsy with your parent’s consent if you are under 18 years of age.
But your parent or guardian must also be the one who manages your store.
4. Slice The Pie
This is one of the best small online business ideas for teens for making money online for teens. Slice the Pie is a website you can use to rate and review music.
Slice the Pie occasionally has special promotions where you can earn more to rate songs. They payout every Tuesday and Friday with Paypal. You must have at least $ 10 to claim your money.
This is one of the best small online business ideas for teens for making money online for teens. Fiverr is a huge marketplace where people post services they are willing to provide for $ 5. Teenagers can register and post services here.
Fiverr actually has the potential to turn into more than just side money, so that makes it one of the best online jobs for teens.
Many people live off Fiverr and earn thousands of dollars a week.
If you are wondering what services you can offer, take a look at what others offer and see if you can do something similar.
Fiverr pays you with Paypal and after all fees, you get almost $ 4 for every $ 5 order you receive and complete.
6. Direct Sales Opportunities
There are a handful of direct sales opportunities that are open to both teens and adults.
Keep in mind that although these opportunities allow you to make money as a teenager, there is still an investment in advance. These companies usually require you to purchase a starter kit of items to help you grow your business.
YouTube is an option if you like the small online business ideas for teens of making videos and uploading them online. Many teenagers have succeeded in this.
Here are some helpful tips on Quora about making money on YouTube as a teenager if you want to check them out.
8. Sign up
This is one of the best business ideas for making money online for teens. This is a newer online tutorial site that allows you to sign up to mentor people in virtually any subject.
You do not have to be a professional and you can register as young as 15 years old. So if you are a teenager or know a teenager who has great knowledge in a subject that can be taught to others online, it may be a good idea.
Go here to sign up for Enroll.
This is one of the best small online business ideas for teens for making money online for teens. Qmee is a browser add-on that you can install on virtually any browser (Chrome, Firefox, etc.).
Once installed, sometimes Qmee will show sponsored ads on the page when you search for a popular search engine. Each ad will pay a certain amount (usually a few cents or more).
If you visit any of the ads you see when they appear, you will receive the money for your Qmee account. They pay directly to Paypal no matter how much is in your account.
Qmee is open to people aged 13 and up in either the US or the UK.
Go here to sign up for Qmee, or read our review to learn more about what Qmee is.
This is a mobile app where you can spin a wheel to make money. There is no age limit for playing, although the terms state that you may require parental or guardian consent depending on your local jurisdiction.
The way it works is that you earn spins by looking at short ads in the app.
Each spin is a chance to win up to $ 5. Of course, most of the time you will not win $ 5, but your income can accumulate over time so that it becomes a source of a little extra money here and there.
11. Local Facebook Yard Sale groups
If you are a teenager with things to sell, consider looking around on Facebook for some local farm sales groups. You can join and then upload your used video games, electronics, or anything else you might want to get rid of.
This is a good option as there really is no age limit. But be absolutely careful and do not meet anyone in an isolated place alone.
If you are not driving yet, have a parent or guardian drive you to meet the person you are selling to.
Online Business Ideas For Teens To Make Extra Money
1. Graphic Designer
For a technically savvy teenager who is also artistically inclined, there is an opportunity to start a graphic design company.
This can be as simple as creating some cool patterns and then putting them on T-shirts for friends or can involve doing freelance work for local business marketing efforts.
2. The Academic Supervisor
A simple business idea for teenagers is to become an academic supervisors. Everyone has unique skills, small online business ideas for teens so whether you are good at math, science, writing, or reading, you have the ability to teach someone else who may have difficulty in that subject.
An academic supervisor can also help with test preparation for SAT, ACT, AP tests, or other standardized tests.
With a splash of technical know-how, some writing skills, and a passion for a specific topic, your teenager can start a business through a blog.
Keep in mind that this business idea will take a little longer to make a profit. First, they need to expand an audience, and then they will have the opportunity to work with advertisers and affiliate partners to bring in revenue.
If they can optimize their blog, this can be an easy way to make extra money.
4. Influence On Social Media
As most teens already know, there are lots of celebrities out there who make money talking about products on their social media platforms.
This has become known as an influence on social media. Many brands are also looking for local personalities with a strong following. If this sounds like your teenager, they may have a business on their hands.
During the summer and scheduled breaks from school, many families take the opportunity to travel.
While they are away, they need someone to come by the house, take in the mail, water the plants, and do other small daily chores.
Starting a home improvement business can be a great way for teens to earn some extra money while fulfilling a need in the community.
Any child who has helped with chores around the house, they are probably already familiar with all the skills they would need to start a cleaning business.
Nearby homeowners would probably like to pay a teenager to help them dust, dry, and vacuum their home.
7. Pet sitting Or grooming
For children who love animals, there is no better way to spend time with animals and start a business than by sitting pets or going out with a dog.
8. Case management
For teenagers who drive a car, it can be an easy way to start a business and earn money by offering to do errands for neighbors or friends.
This activity can be especially useful for people who are at home or have limited mobility. In addition, this business concept does not require any special skills and they can determine their own hours.
9. Seasonal activities
Another seasonal activity for teens is to help with seasonal chores. Most homeowners do not have much free time, but they still want their home to look nice and festive during the holidays.
Teenagers can start their own business by doing odd jobs at seasonal changes, such as setting up and taking down holiday decorations and lamps, shoveling snow, raking leaves, wrapping presents, and much more.
10. Sell handmade crafts
Artistic teenagers who are good at crafts can hone their skills and earn some money by selling their creations.
This can be a local endeavor, or they can create their own business website to sell their crafts to a wider audience. Check out our list of the best business ideas for crafts.
How Much Money Do You Need to Start an Online Business?
I often meet prospective new entrepreneurs who want to avoid all types of loans and indebtedness. Sometimes they have their own start-up capital that they intend to use without contacting a bank or other financier. My advice is always that they should think about the need for capital one more time.
In the vast majority of cases, at least one overdraft facility is needed, an account with the option to borrow when needed when the expenses temporarily exceed the expenses. If you have start-up capital, that’s great. Use it to get yourself room to maneuver. It is not fun to have to contact the bank only when the money is gone.
In the vast majority of cases, the payment flows even in a small company are much more uneven than in a private individual. As a private individual, you receive your salary once a month on a certain date, which conveniently enough usually matches the bills you have to pay. The predictability is therefore good.
When it comes to your business, it can look completely different. You have expenses but may not receive income until the next quarter. Of course, you should limit your and your company’s indebtedness. On the other hand, I have unfortunately seen too many companies go bankrupt due to a lack of liquidity.
No matter how good an idea you have and how large an order backlog there is: it is your ability to pay invoices and salaries that is the difference between rolling forward or rolling down the ditch.
Calculation Of Capital Requirements
There are different models for calculating capital requirements. Since it differs a lot depending on which industry the company is active in, small online business ideas for teens the best tip is to contact the industry organization for the type of company you run or want to start.