Have you ever seen a picture of a teen entrepreneur on an issue of GQ magazine? While growing up, did you read about the millionaire teens who became the CEOs of their own company before the age of 18? It is highly probable that you may not have had any teen role model while growing up, or the only teen idol that you knew about was a child actor in a sitcom.
Besides being the much-loved child stars, teenagers can also try their luck in business. Sound unbelievable? Even though we have a few examples of teens conquering the business world. Today, more and more teens are venturing into the world of entrepreneurship.
Young entrepreneurs are here to conquer the business world with their amazing business ideas. If you are a teenager or you know a competent teenager, have a look at the following business ideas for teens.
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Business Ideas for Teens
Anyone can start a business of their liking. Every person has unique skills and talents and what bears fruit for one person may not guarantee success for the other. However, we have compiled a list of business ideas which we believe will have the attention of young entrepreneurs.
Social Media Consultant
Even though millennials struggle to keep up with the changes in the world of the Internet. They take their time to embrace the importance of social media. Teens these days have grown up browsing through different social media accounts. Whether its Instagram or Twitter, teens know which trend is common on which platform and what a company should do to attract followers.
If you also have this talent, why don’t you consider setting up a small online startup and offer your services of creating, managing, and promoting blogs for different companies? You don’t need to spend a large chunk of money in initial investment. You only need to have a laptop and a good internet connection to get your company up and running.
The demand for a babysitter is not going to die down anytime soon. Parents need a reliable person to look after their children when they want to go out. This is a line of work that almost everyone has done in their teenage years. How can you turn this part-time job into a thriving business? The good thing for you is that you are born in the age of the Internet, and this is how you will edge out your competitors.
When you are starting, you can create a Facebook page or an Instagram business account to advertise your services. Ask local parents to write a review of your services from their accounts to use as social proof. You can also turn your business page into a platform for other babysitters to register. You can penetrate the market by offering lower prices – something that Airbnb and Uber did – and targeting a large audience through social media.
The process of moving is stressful, and professional moving companies charge a high fee for their services. Teens are young and have the energy to move small boxes from one place to the other. You can offer your services to people who are finding it extremely difficult to deal with moving. Elderly people would love to hire you as their moving assistant.
You can set up a business by creating a sales funnel for your service. At the start, you can offer the services for free to get an idea of the level of hard work that the service requires.
In the same manner, you can also set up another sales funnel for running errands for people. Against a nominal fee, you can offer to bring groceries home for the couple who lives down the lane or for picking up the children from school. This will create a buzz that you are looking for work. In this line of work, you have a big market and can gain a large number of clients from senior citizens to busy parents.
Create a YouTube Channel
Are you good at public speaking? Do you have cool comedy sketches in your head all the time? You should start your own YouTube channel and reach out to a large number of people and impress them with your talent. In the beginning, you may struggle with gaining subscribers. However, after a short while, you can start making a lot of money through your YouTube channel. You can then start your own small business of content creation for YouTube or other such platforms.
How ClickFunnels Can Help Small Businesses
ClickFunnels is a great marketing tool that helps you build a sales funnel in just minutes. With this tool, everything you need to build and launch your sales funnel is pre-developed and automatically pieced together for your company, so you have a seamlessly fast set up.
As a young entrepreneur, your objective is to get as many leads as possible and convert them into buyers. The best way to do this is to generate leads and convince them to visit your sales funnel and make a purchase.
A well-maintained website falls flat when compared to a sales funnel. A potential buyer may visit your website, click on the products, browse through all the items that you are offering, and still not make a purchase. You want to bring traffic to your site and convert them into buyers by providing them with a valuable product or service through your funnel.
With funnels, you can easily eliminate the confusion that you may have regarding why your visitors are not turning into paying customers. Funnels allow you to move prospects through different stages of the funnel to lead to a sale. With ClickFunnels, you can easily build and monitor your funnels to align them with your online marketing campaign. You also have access to the relevant data and stats to improve your sales funnel.
Another reason why ClickFunnels should be the top choice for young entrepreneurs with business ideas is the ease of use. Since teens also have to manage their studies along with their business, they need something that can create landing pages, sales pages, and a variety of other webinar pages with ease. ClickFunnels offers pre-built templates that make this process easier for everyone.
Taxes for Teens
People often ask, how to start a business as a teen when a minor – people under the age of 18 – is not eligible for signing a contract. While this is a valid concern, a minor can legally own a business entity. And, yes, a minor can also sign a contract.
Also, if a teen earns more than $400 a year, they are eligible to file a tax return. The IRIS has introduced specific regulations and tax guidance for young entrepreneurs to determine if they need to file a return.
Wrapping It Up
Starting a business isn’t limited to adults or those who have obtained a business degree. In today’s age, and with the help of ClickFunnels, it’s easier than ever before for the younger generation to launch a profitable business.
Disclosure: Some of the links above are affiliate links, which means that if you choose to make a purchase, Passive Income Streaming™ will earn a commission. This commission comes at no additional cost to you. We’d like to thank you for your support.