How a Kid Can Successfully Start a Business

Updated on February 23, 2018
A young entrepreneur selling lemonade at a very affordable price; finding the right price is the key to success.
A young entrepreneur selling lemonade at a very affordable price; finding the right price is the key to success. | Source

Earning Money As an 11-, 12-, 13- or 14-Year-Old

Under the age of 15, it is hard to find ways to earn money. You can't drive, are too young to be hired by a restaurant or business, and it's still risky to sell to strangers without a trusted adult around (and without new customers, a business cannot grow). However, a little bit of help from a parent or another trusted adult can make a world of difference!

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Have a knack for cooking? Begin your own sweets bakery, making cakes for everything from birthdays and anniversaries to graduations!
Have a knack for cooking? Begin your own sweets bakery, making cakes for everything from birthdays and anniversaries to graduations! | Source

What Do You Like to Do?

The very first thing is figuring out what you like to do that other people might pay you for. For example, you could:

  • Make and sell jewelry
  • Babysit or pet-sit
  • Edit photos or videos
  • Bake
  • Wash cars
  • Clean
  • Do yard work

That idea is the beginning of your own businesses!

The most important part of all of this is that you enjoy the activity. If you try one job out and don't like it after the first few gigs, think about it some more and choose something that might work better. Ask an adult to help you brainstorm activities that use your passions passions, talents, and strengths for your business!

Discuss the Basics With Parents

Once the type of business is decided, it is time for the big talk with the parents. Parents will have to take care of everything from taxes and paperwork to legal matters and bank accounts, so they must be involved and have some influence in the business. This is not to scare anyone off, as an unofficial business could still be operated. However, should it become highly successful and profitable, it will be necessary to make it official so that taxes can be paid as required. This is highly unlikely as most kids do not earn a livable income from the small odd jobs that they find, so it is not a huge concern for the most part.

Customers, Promotion, Scheduling, and Working

Once you've got your idea, these are the most important parts of beginning your own business!

When you knows what you will be doing, you have to let people know what service or good you are offering! This is called promotion. From telling people (either in person or through email or social media) to posting signs, get the word out that you are the person to go to for what you are selling. This will begin to pull in customers.

Once customers begin to flow in, you will have to learn how to properly schedule your customers so that you can work for them during their free time, after school, or on weekends. Ask your parents for help coming up with a system so you do not miss appointments. Home-schooled kids tend to have a bit more flexibility, so this is a wonderful opportunity for those students.

Once the customers are scheduled, you can begin to work! All kids should discuss this with their parents, as you may need assistance with promotion, communicating with customers, determining prices and rates, and transportation.

How to Determine Prices and Rates

It is important to remember that supply and demand is what determines how high of a price is on a service or product.

Supply means how much of your product or service is out there. For example, if you're mowing lawns, the supply for your service is how many other people are also offering to mow lawns where you are.

Demand means how many people want your product or service. Live in a neighborhood with a lot of rock gardens, or with very few yards? Not as many people need their lawns mowed, so the demand for your service would be lower than if you lived in a place where everyone has a lawn.

If there is a low supply and a high demand, you can charge more money. If there is a high supply and very little demand, you can't charge as much money—you might even need to sell something else. Your business choice should reflect this. A low rate helps beat out competition, but it could mean that you are working for too little as well. A price that is too high will deter customers. Compare your ideal rates to those of businesses and other service providers in your area. It should be slightly lower than the competition. This way, customers will see that they have the opportunity to get the service or product and save money!

Check out this vintage ad for a lemonade stand. These days, kids are a lot less likely to try to earn money from the world around them through different odd jobs. Our kids can change that and become the new age child entrepreneurs!
Check out this vintage ad for a lemonade stand. These days, kids are a lot less likely to try to earn money from the world around them through different odd jobs. Our kids can change that and become the new age child entrepreneurs! | Source

How to Promote a Child's Business

When you decide to start a business, your parent will likely be involved in a lot of the work. Ads must be created in all different forms and sizes, complete with text, photos, and more. A phone number, email address, Facebook page, and website should all be set up. This gives potential customers more methods of communication, making it easier for them to order the service or product.

Ads should be placed on online classifieds, in newspapers, at popular pedestrian corners, on store billboards, and more. Door-to-door advertising, and calling up friends and family are both options. Word-of-mouth is a very important form of advertising when it comes to the business of a kid, as it is more likely that the potential customers are safe.

And once you get someone to buy from you, keep in touch! They're more likely to buy again than someone who never has. Keep phone number lists, email sign-up programs, regularly updated Facebook pages, and more. By keeping in contact with past customers, they will not forget the business and will be much more likely to return for more in the future.

Keeping a very detailed schedule will help you learn not only responsibility and organization skills, but also time management and customer management. Vital skills as a young entrepreneur!
Keeping a very detailed schedule will help you learn not only responsibility and organization skills, but also time management and customer management. Vital skills as a young entrepreneur! | Source

Scheduling Customers for Services and Products

Once potential customers begin responding to ads, you or your parents can begin responding to the interested consumers and building schedules. Keeping a schedule of your clients and their needs allows you to keep your tasks neat and tidy, complete all projects on time, and keep all customers happy. You wouldn't want to forget about someone who wants to buy something from you—he or she likely won't come back!

A schedule is very important, because it is very bad if a customer is forgotten or enough time is not allocated for a particular job. You also do not want to be late for a job or appointment. Keeping everything organized, punctual, and satisfactory is very professional and keeps customers happy.

Working and Keeping Customers Happy!

After everything else, it's time to work! You can set up your business so that you are paid before or after services are performed or products are sent to the customer. Different business models require different payment structures. After the transaction is complete and the work is finished, you will be very happy to see that the customer is enthralled with your work; this is very rewarding!

In order to keep the customer happy, you need to offer fair prices and helpful services or products, stay true to your word, do all of the work as you have advertised, be on time with your job and delivery, be kind and appreciative to the customer, and thank them. This builds a worker's and a business's reputation through testimonial sites and word of mouth. Keep your customers happy and word will spread—bringing more business for you!

Never Give up

Once a business has been started, it will be easy for the business to flop over and fail. I cannot stress enough how important it is to continuously care for and believe in your business. If the owner is not wholeheartedly involved in the operation, it will not stand a chance. By keeping up with your businesses needs and nurturing it, the company will stand to see many more positive, profitable, and promising days. Never ever give up on your business; remember, the going will become rough at times, and it is up to you to triumph over the challenges!

Learn how a kid can successfully start their own business, and write their own financial future.
Learn how a kid can successfully start their own business, and write their own financial future. | Source

Questions & Answers

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      • profile image

        Karis 

        2 days ago

        I am 10 years old and I want to baby sit and dog sit I have always wanted to do that

      • profile image

        Karis 

        2 days ago

        can 10 year olds Baby sit ,Dog sit

      • profile image

        Sihle 

        5 days ago

        I love writing...can I write my stories online 2 make money? But I'm scared coz people might steal my work....so is it safe? I'm 15 years old of age

      • profile image

        Emily 

        5 days ago

        I want to own my own bakery

      • profile image

        Deja 

        7 days ago

        I want to sell cotton candy

      • profile image

        dan 

        2 weeks ago

        i want to sell homemade cakes

      • profile image

        gomo 

        2 weeks ago

        i want to start a space company like NASA or SpaceEx and promote this kind of career and also give many unemployed people job opportunities

      • profile image

        RF 

        2 weeks ago

        I'm 10 and a want to sell portraits

      • profile image

        HamsterLover 

        2 weeks ago

        Hi I’m 12 years old and I’m wondering if it’s legal to sell my used books online ?

      • profile image

        Natalia 

        3 weeks ago

        I would love to sell slime but my mum and I can't afford the mitrials to make

      • profile image

        Unknown 

        4 weeks ago

        Hi, I want to write a book online. How do I do that?

      • profile image

        Riake 

        4 weeks ago

        I want to sell candy online how do i do .

      • profile image

        precious 

        6 weeks ago

        Hi,I am really really confused on how to start a business as a teen,could you help me decide

      • profile image

        Lucky 

        7 weeks ago

        Hi! Im having trouble figuring out what i want to sell. My parents are kind of tight with money do something simple :)

      • profile image

        Awa 

        7 weeks ago

        Hi me and my 3 BFFS want to sell slime outside my grandmas shop is that a good idea

      • profile image

        Lwandle 

        8 weeks ago

        I love entrepreneurship and EMS

        I really wanna start a business

      • profile image

        Melvin 

        2 months ago

        I am with dylan i can help

      • profile image

        Jessie Lynn 

        2 months ago

        I would not start a slime business. I tried it and it lasted about 3weeks. Also it is very messy.

      • profile image

        Jasmyne 

        2 months ago

        I agree with Jenny. I don't know HOW to start a business! Any suggestions? :/

      • profile image

        Aliya 

        2 months ago

        I want to start a fashion and hair shop

      • profile image

        Jenny 

        2 months ago

        I don't know how to start my business and my mom and dad don't believe in me that i can do it.

        What should i do im only 10?

      • profile image

        Kallie 

        2 months ago

        I want to start a hair business or a bakery in my home with my bff do you think it’s the right choice?!

      • profile image

        Jessica 

        2 months ago

        Hi I wanted to start my print thing and I am planing to℅

      • profile image

        Grace 

        3 months ago

        Hi there, I am 11 years old and I really badly want to start my own bakery but the problem is I LIVE IN THE MIDDLE OF NOWHERE!!!!!!!!

        I just love to bake and there is nobody to sell to I'm a great baker and it is so easy and fun and i also wonder if you need a special permant or something to start your own buissness any who thanks for the advice

      • profile image

        Don 

        3 months ago

        were do i go to edit someone's videos or photos to get money and I have all equipment like photoshop and a premiere pro vid editor and I have a dslr canon camera to take pictures

      • profile image

        Princess 

        3 months ago

        i would like to start a business in another country but don't know where to buy bulk. i am really willing to start a business of my own....

      • profile image

        bob 

        3 months ago

        i am 12 I'm inspired by people earning money by themselves but I don't know how to start my own business please help.

      • profile image

        17 year old girl 

        3 months ago

        For all of the younger kids out here, reading the comments. If you want to start a business, start small. Create and hand out flyers to people in your city, and cities nearby. I have a dog sitting business and started when I was 13. Don’t give up, the road is really long in the business path, but if you stay on track you’ll be fine. Good luck!

      • profile image

        11 year old boy 

        3 months ago

        I’m doing the same as SEMAJ! A cupcake business. My inspiration is 2 broke girls!

      • profile image

        nooralvi126 

        4 months ago

        hey im just 14 help me out how to start a online business

      • profile image

        Emily 

        4 months ago

        I'm 11 years old and I need to save money for a phone. Me and my friends decided that we would open a craft business but we don't know if we need a permit. Do we or do we not?

      • profile image

        alexa 

        4 months ago

        i was thinking of starting a bakery with a friend I am only 10

        but we don't know very much about businesses but we have been researching

      • profile image

        semaj 

        4 months ago

        well I'm thinking of starting a cupcake shop

      • profile image

        9 year old girl 

        4 months ago

        I was thinking that I can wash cars, even I am a girl.A 9 year old girl. Is that right?

      • profile image

        Honey Bee 

        4 months ago

        i need money could you give us ideas for busnisees

      • profile image

        Baker 

        4 months ago

        I want to open like a mini bakery stand. But I don’t know if I need to have a permit to do it. Do I?

      • profile image

        some kid 

        4 months ago

        I'm 10 and I need the money to buy a phone. yeah it sounds spoiled but I really need it right now I can't really explain all of it sorry. I need to get $600-$700. I'm thinking of selling any old clothes or candies, pop, and junk. you guys could try tutoring younger kids too.

      • profile image

        16 year old boy 

        5 months ago

        Well am 16 .... and these days am just roaming across the world through internet searching opinions and feedbacks from others about marketing....investing...market stocks.....etc. and after looking the comments down below..i can tell u guys thats its long way run and for many it will end up with nothing ...so just dont loose hope i can go up and up... just keep on trying and trying and one day the day will be only yours..... keep up

      • profile image

        Ka'mauryHudson 

        5 months ago

        I want to be successful at things and earn money to pay for the things I want also importantly the things I need

      • profile image

        Crystal 

        5 months ago

        Am 12 and I have always wanted to start my own business but I ccan,t but today am going to start GOD bless the Author who ever he is

      • profile image

        Priscillag 

        5 months ago

        Am 12 I like music and I also love artworks so am confused on what business to start

      • profile image

        juwels khoza 

        5 months ago

        i also wanted to be come a business women at my age i want to back but i cant do that without a partner wel dn who have achieved your goals and dream

      • profile image

        bodie holderman 

        5 months ago

        wish i had time to make money

      • profile image

        Someone 

        5 months ago

        I want to start a slime business but I have so much to do and I will never give up

      • profile image

        jasmine 

        5 months ago

        I'm 12 and I want to start making a baking business where I sell cookies and brownies and cakes etc but I don't know how too start it

      • profile image

        Sophie 

        5 months ago

        I'm only 9 years old and i'm thinking of starting a bracelet business

      • profile image

        Chelsea 

        5 months ago

        I am 14 years old and I want to start my own babysitting business but I'm not sure how... I babysit for my mum's friends sometimes and I know how to cook clean and put them to bed at the right times and if they are really little I know how to change dipers and stop them from crying and easy be able to put them to bed I just need help starting my own business

      • profile image

        Amelia Rose Breese 

        6 months ago

        I am 9 years old and I am trying to have a clothing line. But I can't do the legal stuff. And my mom does not believe in me at all. She says that I can't have a clothing line. But it is my dream. And I can't just give up my dream. I don't know what to do.

      • profile image

        Georgina 

        6 months ago

        Im 13 and theres a fair next week in a town near where i live. Im thinking of selling my cards and framed artwork. Possibly bookmarks!

      • profile image

        Gretchen Napier 

        6 months ago

        I am 12 years old and I am trying to start a little business to save money for the beach this summer with my cousins. I wanted to sell the art supplies I get from the store. Whenenver I think of starting a business, I think of going all out and I want the same thing for all of us. Thanks for reading this if you did.

      • profile image

        nickname kiwii 

        6 months ago

        I am 12. I want to start a lemonade business but I live in a very very small neighborhood. Does anybody have any tips.

      • profile image

        Emma 

        6 months ago

        I am 11 and want to walk dogs and pet sit also I do my weekly chores to get money, but that is just not enough because I only make about $8 a week. I think I am going to start a dog/lemonade stand/car wash business. Thanks WEHAVEKIDS for the advice. Also guys if ya'll are going to do slime do it on www.etsy.com if you parents let you because you can make a ton of money there!

      • profile image

        princess me 

        6 months ago

        I'm 14 and i can babysit, i can clean, and my brother's going to teach me how to make bracelets and i can make slime for friends and sell it to them thank you so much your advice really help, it could really help me start my own business

      • profile image

        max 

        7 months ago

        okay i think it will work

      • profile image

        nun yo bisness 

        7 months ago

        ok so im 12 about to be 13 in july and i love to bake and i want to tart a bakery but im having trouble ok so i know what im doing but how do i start a bisness and be sucessful at it. and what do i need to be abl to start because people say i need a tfn of something

      • profile image

        Natalia 

        7 months ago

        Thank you

      • profile image

        Mhauc 

        7 months ago

        Is a lemon juice stand better than a jewelry

      • profile image

        Xyandra 

        7 months ago

        I'm 13 and i think the info here are really going to help us to start just a little business..like duh? Who lives this century without money..I just wanted to do this to help my parents coz they're working too much..I'll try the lemonade stand.....Thanks for who you are who think of this business.

      • profile image

        Hi 

        7 months ago

        Lemonade sstand

      • profile image

        not telling you 

        7 months ago

        i am starting up a business

      • profile image

        Not saying ma name 

        7 months ago

        Hi good site aye

      • profile image

        Lucy 

        8 months ago

        I love to dance

      • profile image

        Rylie Hesselman 

        8 months ago

        I am 13 and in the 8th grade and since this was three years ago, there ARE other options such as making slime or friendship bracelets, but my point in if you want to start a business and you don’t like doing any of the things that are on the list then think OUT of the box that’s the point. To be different than others and do what you want to do.

      • profile image

        Brayden 

        8 months ago

        AM 12 and i want to do yard work for seniors because i have some in my neighborhood and there home is old and it doesn't look like it has been kept up with. Should I start that business?

      • profile image

        Julian 

        8 months ago

        I am 12 and i have everything planned out becaus i wanna start my own computer or electronics brand do you need a permit or anything for that

      • profile image

        ISAIAH WYMAN 

        8 months ago

        HOW DO I MAKE A BUSINESS UNKNOWN KNOWN AND NE REMEMBERED FOR IT ALSO WITH LEGACY

      • profile image

        Unknown 

        8 months ago

        How do you get legal permits because I really want to start a cake baking business.

      • profile image

        M. W. 

        8 months ago

        I am 10 and I have had a business with 3 friends we selled lemonade and got $67 in cash but I moved now I want to start selling jewelry because I got a kit for Christmas I want to sell it at school but only have little experience.

      • profile image

        Iris 

        8 months ago

        Hi,I'm 11 and I'm thinking of starting a nail salon.

      • profile image

        Andriunna 

        8 months ago

        Hey I'm 11soon to be 12 I love to create stuff and design clothes

      • profile image

        renae 

        8 months ago

        Hi, I am 12 years old and I have a passion for cooking and baking but it is kinda hard because I have other things 2 focus on e.g. school

      • profile image

        Daniel 

        8 months ago

        I'm 12 and thinking about starting a dog walking company but I'm scared that it will fail

      • profile image

        michael 

        9 months ago

        I am 13 and i want to start a company called Hot wheel costums because can have not that many colers on hot wheels so i am willing to do what i love

      • profile image

        Eseosa Edosomwan 

        9 months ago

        I am 10. I want to start my own jewellery company.

      • profile image

        Horselover 

        9 months ago

        I am 11 years old and I want to run my own dog company w hen I am 14 can I do that with out a special permits or liscense

      • profile image

        Just starting 

        9 months ago

        I am 11 can I start a toy company????

      • profile image

        brooke 

        9 months ago

        i am 14 and i have always wanted to have a bakery since i have been 6 and now i am going to try and succeed at my dream bakery

      • profile image

        keyana 

        9 months ago

        I am 12 years old and I always want to sell home made bags

      • profile image

        Ruby Nonyas 

        10 months ago

        Can a 12 year old open a candy business without a permit or liscense??

      • profile image

        megan 

        10 months ago

        I'm 11 and I've always wanted to open a bakery.

      • profile image

        Eve 

        10 months ago

        I'm thirteen, could i sell my homemade cosmetics?

      • profile image

        THE PERSON IN YOUR CLOSET 

        11 months ago

        13 AND WANT TO BUILD A GAME COMPANY BUT I WILL START WITH CLOTHES SUPPORTING IT AND I FORGOT CAPS LOCK IS ON

      • profile image

        shawn 

        11 months ago

        is it legal for kids to make online business

      • profile image

        PRIVATE UNTIL MY BUSINESS IS CREATED 

        11 months ago

        I'm 11 and I want to start up a business that assembles furniture such as kitchen chairs, carts to put clothes on, etc. The customer provides the furniture and the money, I assemble it and provide the fully assembled furniture.

      • profile image

        diana 

        11 months ago

        this is really motivating and i could even do more.

      • profile image

        Luna 

        11 months ago

        Good but it didn't help much .She still doesn't have €2.She's really annoyed and she's 11 .

      • profile image

        Gregory 

        11 months ago

        I'm Gregory Mike 12 years old and I was thinking about making money by training dog I have a very lot of experience with dog training can sombody please help??? PLEASE it would be a huge excitement for ME

      • profile image

        Cecilia 

        12 months ago

        Hi I'm Cecilia I want to set up a way for earning money as I'm a spender not a saver I am also 10 years old does anyone have a suggestion

      • profile image

        (BLANK) 

        12 months ago

        Hi, I'm 12 and would like to start my own business, but I want it to be successful. I would like it to be something useful, any recommendations?

      • profile image

        Declan 

        12 months ago

        I'm 11 years old I want to start a yard work business and raise $6,000,000 so I can buy farm animals for our new house in Texas.

      • profile image

        Ethyn 

        12 months ago

        Hi! I'm Ethyn and I am 13 years, old. I want to start my own tech company like Apple or Samsung, I have the prototype for some products, how do I advertise them?

      • profile image

        Kayciann 

        12 months ago

        In 11 years old, and i want to be a lawyer went I grow up but as a little kid I want to be a photographer and I will like to do a cooking lesson .I want to raise $4,750,000 to buy a house when I came out out of college and get a master degree .Also I want to make my family proud of me .What should I do?

      • profile image

        alemaj 

        12 months ago

        Im 10,and i want to be a photographer.but im a kid,wht can i do i want now?

      • profile image

        Sisi 

        13 months ago

        I'm 12, and I'm really into Photography. I'm actually really good at it. My mum and dad are helping me turn my Photography skills into a business. I already have one of my friends mum and dad asking me to come to their wedding in Greace so I can be their wedding photographer.

      • profile image

        elietame12354 

        13 months ago

        im 11 and i want to be a baby sitter but at my age parents dont trust me

      • profile image

        Pola 

        13 months ago

        I am eleven years old and I want to open a tutoring business for elementary schoolers. But I do not think parents will trust me because of my age.

      • profile image

        graceisme 

        13 months ago

        i am 14 and have been baking since i was 6 i have the know-how and skills to make and sell cakes and other desserts but i am not sure how to go about starting a "business"or whatever so i can make some money and use my skills or whatever so yeah

      • profile image

        ANTZ27 

        13 months ago

        Hey, I want to start a business of cooking, but I'm only 9, and I have a feeling either nobody will take seriously or I won't have enough customers. Plus, the 2 places I could have my business, the first one is near Aldi's and Marks Pizzaria, and tthe second one is near Palidino's Pizza

      • profile image

        mpho 

        13 months ago

        I want to start my own clothing line . I have a business partner , material ad etc , I just need start up capital .

        I even know a designer

      • profile image

        Tayeab Hoseny 

        14 months ago

        I opened up a store at the age of 13 and i sell go carts,racing go carts,pocket bikes,pit bikes, dirt bikes,quads,and atvs. I also have a shop that fixes what i sell its inside my store and my shop can customize.

        Last month i made $200,000 in profit and i bought my self a Rolls Royce Ghost and Phantom

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