Money Making Schemes

Nagesh answers:

– Sell handmade clothing
– Invent something
– Create and sell pixels/avatars/graphics/layouts on the Internet

I think fish would be difficult to sell unless they are quite exotic, and here is a website which you may find useful http://poorerthanyou.com/2007/08/09/kid-business-making-money-at-a-young-age/

Nagesh answers:

There’s no such thing as fast money…seriously you’re just a kid you’ll be making minimum wage at any job you apply for. Apply at every store you can, not just McDonald’s.
Otherwise try babysitting, pet sitting, dog walking, yard work, etc.

You seem pretty picky. And when trying to make money you can’t be picky. There are adults that are struggling and would be GLAD to mow someones lawn for a few extra bucks. There’s no such thing as “too short to handle a lawn mower”. I’ve mowed my lawn since I was like 7 or 8. Seems like excuses because you don’t want to do the dirty work. Money is money, take what you can get.

Nagesh answers:

Ooh, paper flowers, name bracelets, or you can sell candy like buy a whole pack and then sell each candy a dollar each.

Nagesh answers:

If you don’t have time then you can’t do commission jobs because that requires time.
You also can’t do part time job because of time.
There are other things but it will take anywhere from 6 months to 2 years to get to the level of $1000 per month.
At start you may get $100 per month.
Things you can do are:
1. Buy rental properties with nothing down (if you have good credit) and see to it that you get positive cash flow. An average size property will give $100 cash flow after paying all bills.
2. Create niche based websites in your free time or when kids go to sleep. Read about adsenses and affiliate marketing. Each website will give about $100 per month.
3. Get knowledge for options in stock market and buy and sell options for money. (caution: get knowledge first)
4. Buy things on liquidation sale and sell it on ebay.
5. Write a book in next one year and then sell it.

Nagesh answers:

One of the most common questions on “Yahoo Answers” comes from young people looking for ways to make money. I totally understand the question and the various responses with the traditional answers of babysitting, online surveys, lemonade stands, paper routes, etc. While the traditional ways of making money may work for some people, they certainly won’t work for everyone so it’s time to think outside the box and dare to be different.

In most states it’s illegal to hire minors (under a certain age) for employment. For some states that is somewhere between 14 and 18 depending on the job, the duties and the products or services being sold. The best resource for your situation is a chat with your local school’s guidance officer or Board of Education. These resources will be able to help you get a work permit, explain the laws and rules, and sometimes help you find employers that are seeking part-time student help. Let’s face it… it won’t hurt to ask.

Now for those who aren’t able to legally work for an employer, don’t give up! You can, at any age, work for yourself and/or your parents. There are limitations such as selling drugs, alcohol, body parts and other products but that leaves a lot of things that you CAN sell and/or services that you can provide.

Your local library is a great resource. Check out books like “Fast Cash for Kids” by Bonnie & Noel Drew. Talk to the Librarian for other referrals. You might like “The Richest Kids in America” by Mark Vincent Hansen… what a great book!!!

Check out the services of Junior Achievements at http://www.ja.org. Junior Achievements is a legitimate organization that works with teen entrepreneurs. You just might “click” with their website.

You will need to do a little homework before just dashing into a business of your own. You will want to find out about local laws and licensing. You might want to learn a little about marketing, accounting, selling techniques, advertising, taxes, etc.

Here are some ideas for money making that you may or may not have thought about for yourself… washing windows, recycling, teaching, tutoring, writing, crafts, selling online, fixing and selling skateboards or bicycles, refinishing furniture, cooking or baking, washing cars, growing and selling flowers or spices or even goldfish, printing tshirts or calendars, selling bumper stickers, energy efficient lightbulbs or programmable thermostats, shampooing carpeting, making and selling non toxic cleaning products, selling books or music or video games, or performing as a clown or other character or … as you can see the list goes on and on.

It’s really important to DO something to get your business started. It’s great to think about things and plan how you’ll spend your money once you earn it but you’ve got to start doing something in order to take action. Learn how to write a business plan and then concentrate on writing it. You can’t reach success if you can’t describe it.

I started working at 12 selling calendars door to door from fall to winter every year and I raked in a lot of money just fifty cents at a time. But I didn’t sit back waiting for the money to find me and you shouldn’t either. It’s time to learn about yourself, your industry, your customers, your suppliers and your business.

Every journey begins with a single step.