Schools do not teach us how to do business. Parents always think that we are too small to make big decisions in life. If you are a teenager who wants to do business then this is for you. Unlike many other teenagers in the school, if you have a dream to achieve something big, this is the best time to start. Above all, running a business is a skill that you learn with time. In this article, we have collected some amazing business ideas for teens to start. You can become successful in life using any of these business ideas. You need to concentrate, stick to the plan and keep moving towards the right direction.
There are many reasons to start a business but as a teenager, it is different. Mostly because teenagers are full of energy and passionate about their life goals and career. Starting a new business gives you an opportunity to fulfill your dreams as a teenager.
Best Small Business Ideas for Teens
Technology has changed the ways we look at the world. You can also make money online with some effort. There are techniques to earn money from blogging. Similarly many people start a YouTube channel and make it full time. If you want to start a business as a teenager then this article will help you. These are some of the best business ideas for students worth considering. Check out the list of ideas to start a business and pick your niche.
1 – Start a coaching center
This is one of the best small business ideas for teens if you are low on budget. This is also a low investment and high revenue business model. Time is the primary investment in managing a coaching center. You can start a small tuition center from home. First of all, starting a coaching center does not require a lot of money. Starting a tuition center is easy but you face a lot of competition in business. But still, demand for good teachers is always there. You not only make money from coaching centers but also become more skilled with time. When you are teaching students, you study on a regular basis. As a result your command over the topic becomes strong and you become an expert on the subject you are teaching.
Additionally, this knowledge is also very useful when you are preparing for a competition. You can easily clear a government job exam easily in the same subject. Coaching as a career not only gives you money but also recognition in society.
2 – Start a Boutique or Salon
In the modern world, people are very concerned about their personal hygiene. If you are looking for business ideas for teenagers then this one is also among the easy to start list. Starting a boutique is also not very tough. You can enroll in a makeup course for beginners in the beginning. I recommend, start practicing with some existing brands before starting your own. Once you become professional in a few weeks, you can start your own boutique.
3 – Start a Marketing Company
Most companies are struggling with demand and want to increase sales. If you like meeting new people, marketing is the job for you. This is one thing that every business demands. You can call any business and say you offer marketing services. They will welcome you with open arms because they want people who can sell. Hiring a sales executive is expensive. Due to this many companies outsource business to external marketing agencies. As a result they not only save money but also save precious time involved in closing the deals. Starting a marketing company is not at all tough. The idea is to make profit in business by using techniques that work.
4 – Blogging is the easiest small business ideas for teens
If you are tech savvy then you can start blogging. This will happen if you have a passion for writing articles. A blog gives you the option to express your thoughts. You can write about any topic of your choice. Like any other business it takes time to create a blog website and make it famous. Above all you generate a passive income. Many people also do blogging for business to promote a brand. You can associate yourself with an existing brand and make content for them. Whatever content you create today will give fruits tomorrow. So this should be in your small business ideas list. Later you can make blogging as a career and do it full time. When you are regular on the blog it becomes one of the best sources of passive income for you.
5 – Start a Social Media Agency
This is one small business idea for teens that requires a very low investment. On the other hand, this one also requires you to learn more skills. Businesses spend their marketing budgets on advertising on social media platforms. If small business ideas for teens (especially this one) attracts you then be realistic. When you are starting a social media marketing agency as a teen, it takes time before people build trust in you. Therefore you have to be patient enough to wait and work.
Businesses hire you as they hire sales executives because this is related to marketing. Marketing is the heart of business which should function properly. As soon as I acquire the skills for social media marketing it is better. You also need good communication skills and knowledge about the key tools such as Facebook Ads and Google AdWords to manage the business. It is also one of the most profitable business ideas in the modern time. You grow with the growth of your client.
6 – Start Dance Classes
Everyone loves to dance and as a teen many are energetic and passionate about dancing. The investment size is low but you cannot just start dance classes. You should be an excellent dancer before you start teaching others. Dance is not only the way to express yourself but also a great exercise. One of the best things about dance classes is that you can start business at home.
7 – Start Tiffin Service
If you have passion for cooking then starting a tiffin service is a good idea. To start a tiffin service, you only need basic equipment which normally every household has. You start slow and as the business picks up pace, you start investing. Setting up a tiffin service is also a good business ideas for teens but depends on many factors like location, investment size etc. But you can start with very less investment.
There are two main ingredients of starting a tiffin service at home. First is the food quality itself and the second one is marketing. If you can reach more people and quality is good, you can rock the business. Additionally, you reside near an industrial area, this can work wonders. Everyone loves to eat fresh kitchen cooked food. Making profit in business is important. This is also one of the most profitable businesses in the list.
8 – Start Yoga Classes
If you are a fitness enthusiast then this may interest you. Starting yoga classes is not for the lazy, get up late teens. It is for the dedicated people who love to exercise. The wellness industry is growing rapidly across the globe. You can start yoga classes at home. Additionally you can also start a health blog along with regular classes. This will generate extra income apart from the regular job.
9 – Start an Event Management Company
Event management business also has great growth if you have the passion to do it. You can become a party planner with little skills. The primary skill you need is good communication and your ability to connect with people. Especially in big cities, party planners and event management companies are high in demand. If you have the required passion it is one of the best Small business ideas for teens to start. Above all most business comes from reference. As soon as you grow your marketing budgets will keep on increasing resulting in making more profit in business.
10 – Data Entry Business
This needs some basic skills of data entry. If you just want to know about how to operate a pc and have knowledge about MS excel, you can start data entry work. This is like a copy and paste work or some entries from data in a hospital. Data entry business is also among one of the most searched small business ideas for teens. Businesses create this data for various types of analysis. You can bid for one of the data entry work and start making money. You start as an individual and as soon as the business grows you start hiring employees. As an individual you make less money but when you have a team, there is no limit on money.
11 – Professional Photography Business as Business Ideas for Teenagers
If you have a passion for clicking pictures, you can become a professional photographer. Professional photography business gives you an option to meet new people, attend new events. As a photographer, you can take contracts for commercial photoshoots and product photography. You can also sell pictures online using various image selling platforms. This is one of the interesting small business ideas for teenagers. You really enjoy this business. There are moments where you click amazing pictures for selling online. You can even do photojournalism or sell your outstanding photos in the photo art world.
Frequently asked questions
When you start a business as a teenager, you also need to be careful. Make sure you do enough research before starting a business. You can also have a look at our new business ideas list for more options. Here is a list of common questions people ask about starting a business at a young age.
What is the best age of starting a business?
There is no best age to start a business. You can start as early as 10 -12 years of age. With time you will develop an understanding of business. When you become experienced, growth will also come. But yes you gain a lot of experience and for sure chances of making money are also great.
How do small business ideas for teens help personal growth?
Personal growth has a different meaning for everyone. First of all, taking a decision to start a business is great. If you start a business as a teenager, you will learn decision making skills. You learn communication skills. You become a marketing expert and the list can go on. The more you work, the more you learn.
Why should I use small business ideas for teens?
The decision is yours but starting early has its own benefits. Starting business as a teenager can open gates of success for you. Even if you fail, the failure will not affect you much. But if you make it to the top and start making money in business then it is amazing. You set an example in front of everyone.
What is the biggest challenge of working on business ideas for teenagers?
Business as a teenager is not excluded from challenges. You may have some of the best business ideas for teens but there are challenges. There are two common things that you should worry about as a teenager.
First of all you do not have enough experience of doing business. Due to this many people do not believe in you. Either you have something amazing to share with them or they will simply ignore you.
Secondly, most teenagers face challenges in managing funds for business. Any new business idea takes time to show results. Most teenagers do not have a corpus fund or savings because they are still studying. The primary source of income is either family or friends. As a result there is a huge risk of failure because business runs on money.
Can I apply for student loans for doing business?
No, you cannot use a loan for students as your investment for business. There are two primary reasons for this. First of all, banks give student loans for education only. Second, in most cases, you will get the loan amount check written in the name of college or university. Due to this the money will go to them directly. Irrespective of how amazing small business ideas for teens you come up, banks do now allow taking student loans for business.
How to take business loans as teens?
First of all, I do not recommend you taking out a small business loan at all. It is not because of any doubt on your business capabilities. The reason for this advice is experience. We gain experience with age and there is no alternative to this. When you start business as a teenager then the best thing is to learn. As much as possible. A small business loan demands you to pay EMI every month. Due to this business loans also come with some stress which may cause distractions. Therefore, it is better to arrange funds from other sources. Once your business is a little older and established, applying for a small business loan for growth is a good idea.