Are you a young person planning to start your own business? If so, you’ll first need to figure out what options are open to you. Not all jobs are possible for teens, and young adults may find that while they can legally work in some fields, they will likely not have the experience necessary to be truly successful.
So, if you’re wondering what you can do, you’re in the right place.
Here are 7 interesting business ideas that you can try your hand at to set yourself up for success.
This is the old, tried and tested option – babysitting has long been a lucrative source of income for teens looking to earn some additional spending money. That said, if you’re hoping to demand high rates, there are some things you should have.
For one, make sure you have the time needed to babysit – this is likely not going to net you a lot of money if you’re busy with extracurriculars throughout the day. Additionally, consider getting certified to establish a degree of legitimacy and prove that you’re a responsible person in whose hands parents can leave their children without having to worry about their safety. Some options include CPR and First Aid certifications, and you can also take a Red Cross babysitting course.
The more experience you have – and the more certified you are – the more you can ask for per hour. Additionally, keep in mind that taking care of multiple children means that you can (and should) ask for more, given the additional work you’ll take into your hands.
Most teens leave babysitting behind when they’re ready to move to college, but you can use your experience as a babysitter to work professionally as a nanny or au pair.
2. Ecommerce Businesses Selling Products
Are you a deft hand at art or particularly skilled at making handmade accessories? There’s a huge scope to run an eCommerce, product-based business online – and it doesn’t even require you to make physical products! Selling digital products like art prints and embroidery designs is also a popular option.
Unlike many other “beginner business” options, this is one that can grow with you as you grow older. For young people in the UK who are making a significant amount of money and looking to keep their business finances different from their personal ones, you can also look into company formation in the UK, especially if your business expands to the point where you feel a dire need to hire additional employees. Many young people have managed to convert their eCommerce businesses into a successful source of income, and you may be able to do the same.
3. Social Media Influencer
Becoming an influencer is all the rage, and it can also pay very well for some people. That said, it’s essential to remember that becoming a successful influencer takes work, and it’s not just about posting pretty pictures on Instagram. That said, if you think you have what it takes, this is a field you can experiment with from the comfort of your own room.
Additionally, keep in mind that becoming an influencer isn’t just limited to Instagram. YouTubers and Twitch streamers can also pull in a significant income based purely on their social media work, so consider giving those avenues a try as well.
4. House Sitting
Are you keen to start your own business but don’t have much time during the school year? House sitting is an ideal option you can try your hand at over the summer and winter breaks.
If you’ve got neighbors or family who go on frequent vacations, check to see if they need someone to take care of their home for them while they’re gone. This usually involves taking care of any pets they may have, watering the plants, taking in the mail, and performing other similar tasks.
You’ll likely not be asked to stay overnight at their place, especially if you’re still a teen. That said, if you’re taking care of a family member’s home, they may clear you to do so with your parents, and young adults may be asked to stay overnight. It is possible to become a house sitter professionally later in life, like with babysitting, though it’s something teens tend to leave behind.
5. Music Lessons
Are you good at playing an instrument? If so, you may find that lessons are in demand, whether it’s a peer who wants to impress their other half or younger kids whose parents want them to pick up an instrument as well.
If you love (and are good at) music and have good interpersonal skills (especially those younger than you), this is a great option.
6. Graphic Designer
For art-inclined teens who aren’t interested in setting up an eCommerce business, graphic design is a great way to use your skills and make money doing so. Check local businesses to see if any need design help, and build your portfolio in this way. An added benefit is graphic design experience. This will help both with college applications and when searching for a job after you graduate.
That said, make sure not to undercharge – people often feel like they can get design work done by teens for below-market rates, and it’s essential not to shortchange yourself and your skills.
If you’re good in school, offering tutoring services is a great way to make money. Ideally, focus on the one subject that you’re the best at so that you can be confident in your ability to help people struggling in the subject. Depending on your expertise and experience, you can also look into helping others with test prep for standardized tests like AP exams and the SATs.
Starting a new business can be intimidating, especially as a young person. However, with a bit of commitment to your goals, you’ll soon find that not only do you have enough spending money to use when going out with friends, but you may also be able to start contributing to your college fund and savings account. This will allow you to get a financial head start that others your age may not have.
While the options discussed above are some great business options for young people, you should also feel free to explore other business ideas you may have. If you’re under the age of 18, make sure to run them by your parents to ensure your age will not affect your ability to get your new business off the ground.
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