Starting a business as a kid might seem like a daunting task, but it can be a rewarding and educational experience.
Whether your child is a budding artist, a pet lover, or a tech-savvy teen, there’s sure to be a business idea that will inspire them to get started and unleash their entrepreneurial spirit.
With a budget of $100 or less, there are plenty of business ideas that kids can explore to earn some extra cash and learn valuable skills.
From selling handmade crafts to providing pet care services, there are countless opportunities for young entrepreneurs to turn their hobbies and interests into successful businesses.
In this article, we’ll explore 10 business ideas that kids can start with a budget of $100 or less.
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Inspiring Business Story of John:
Meet John, an 11-year-old boy who lives in a suburban neighborhood. John loves drinking lemonade, and one day, he came up with the idea to start his own lemonade business. He thought that his neighbors and other families in his community would love a cold and refreshing drink on a hot summer day.
John started his business by doing some research. He asked his parents about the cost of lemons, sugar, cups, and other supplies. After gathering all the information, he discovered he could make a batch of lemonade for about $3 and sell each cup for $1. He also noticed that there were not many places in his neighborhood where people could buy lemonade.
So, John got to work. He asked his parents to lend him money to buy his first batch of supplies, and he set up a lemonade stand on the sidewalk in front of his house. He made a sign that said “John’s Lemonade” and advertised his business to his neighbors and passersby.
To his surprise, John’s lemonade was a huge success! He sold out his first batch of lemonade in just a few hours. He realized he needed to make more lemonade and buy more supplies to keep his business going.
Over the next few days, John refined his recipe and added new flavors like strawberry and peach. He also started to keep track of his sales in a notebook and noticed that he was making about $20 a day on average.
Encouraged by his success, John invested some of his profits into his business. He bought a larger cooler to keep his lemonade cold, printed some flyers to distribute to his neighbors, and set up a website and social media page to advertise his lemonade to a broader audience.
John’s lemonade business continued to grow. He started selling out daily, making over $50 a day on average. He even started getting some regular customers who would stop by daily to buy a cup of his delicious lemonade.
John’s success as a kid entrepreneur demonstrates that anyone can start a successful business with creativity and hard work. He identified a need in his community and offered a product that people wanted. He also learned how to manage his finances and invest in his business to help it grow.
If you’re a kid who wants to start your own business, follow John’s example. Look around your neighborhood, find a need or a gap in the market, and offer a product or service that people want. You might be the next young entrepreneur to make it big!
Top 10 Business Ideas for Kids!
1. Lemonade Stand:
A classic business idea for kids is to set up a lemonade stand in their neighborhood. Kids can buy ingredients for lemonade, cups, and other supplies for under $100.
They can also get creative with their lemonade recipe and offer unique flavors to attract customers.
Many families have pets and need someone to care for them while away. Kids can offer pet-sitting services in their neighborhood for a fee.
They can start by offering their services to family and friends, then expand to their community.
3. Lawn Care:
During the summer months, many people need help with lawn care. Kids can offer mowing, weeding, and watering services for a fee.
They can also expand their services to include landscaping and garden maintenance.
Kids who love to bake can turn their passion into a business by selling their baked goods.
They can start by selling their products to family and friends, then expand to local farmer’s markets and events.
6. Car Wash:
Kids can offer car washing services in their neighborhood for a fee. In addition, they can buy supplies such as soap, sponges, and buckets for under $100.
They can also offer additional services such as waxing and detailing to increase their earnings.
7. Personalized Crafts:
Kids can use their artistic skills to create personalized crafts such as bracelets, keychains, and artwork. They can sell their creations online through platforms such as Etsy or at local craft fairs.
Kids who excel in a particular subject can offer tutoring services to other students in their school or community.
They can set their rates and create a flexible schedule that works for them.
9. Tech Support:
Tech-savvy kids can offer tech support services to others in their community.
They can help with primary computers and smartphone issues, such as setting up email accounts or troubleshooting software problems.
10. Social Media Management:
Kids proficient in social media can offer social media management services to local businesses.
They can create and manage social media accounts, create content, and help businesses engage with customers.
Starting a business as a kid can be a fun and rewarding experience, but keeping a few things in mind is essential.
First, get your parent’s permission and support before starting a business. Second, always prioritize safety and ensure that your business activities do not pose any risks to yourself or others.
The critical aspect of starting a business as a kid is learning about financial management. Understanding how to budget, save, and invest your earnings wisely is essential.
These skills can be applied in other areas of your kid’s life, such as school, sports, or social situations.
When starting a business with $100 or less, keeping your expenses low is important. But, with hard work, determination, and the right mindset, you can turn your business idea into a success.
Want to Save Time in your Business Launch?
- How to Create a Business Plan
- What is Market Research, USP, Niche & Positioning
- How to find a suitable name for your business
- How to create your brand image (Logo + Branding)
- How to Register Your Business
- How to Register for Taxes
- How to get Licenses / Permits
- How to Open a Business Bank Account
- How to Get Business Insurance
- Which Payment Processing Terminal (POS) to buy
- How to get Funds for your Business
- How to do Sales & Marketing – Offline & Online
- Why have a Website / Blog / Social Media
- How to build & train your Dream Team
- How to provide Excellent Customer Service
- Buying an Old Business Vs Franchisee Vs Own Brand from Scratch