Tips For Youngsters to Make Money
Teenagers are the best time to experiment with things in life. When you grow older, you get less and less time and opportunities to try out new stuff. Teenagers, therefore, have the luxury of experimenting with different ways of earning money before they decide what they want to do with their life.
Teenagers of course do not have the qualification and experience to take on the more technically demanding jobs but this does not mean that they cannot make decent money. In fact, many teenagers make more money than grown adults because the very nature of the global market has changed.
You no longer need to have a university degree and a 9-5 job to make money. You can be a school or college student and also make money by streaming online or by selling your artwork if you are good at it.
The internet, fintech and digital revolution have changed the world and it looks like teenagers now can conquer the world only if they are guided in the right direction. If you’re a teen who’s looking to make some extra money, here are my top ways to make money as a teen.
Earn Money Online
This is one of the easiest ways to make money as a teen.
With a few websites, you can earn money by simply answering questions and completing surveys.
The most popular websites for teens are:
- Clickbank: You can make money by promoting products on Clickbank.com. Clickbank is an affiliate marketing website. You can promote the products on your blog or channel and earn money through it.
- Survey Junkie: You can earn money by taking surveys on Survey Junkie.
- InboxDollars: You can earn money by taking surveys on InboxDollars.
My favourite sites to earn money online are Survey Junkie and InboxDollars.
If you’re a teenager, you can easily make a few hundred dollars per month by answering surveys.
There are plenty of part-time jobs available for teens. Some of the most popular jobs are:
- Hospitality: This includes working in a restaurant or a bar. It’s a great job for teens who love to hang out and socialize. Restaurants often have summer jobs that are open to teens.
- Fitness: This includes working at a gym or doing personal training. This is a great job for teens who enjoy working out. Fitness trainers often hire teens to do their personal training. Working at a gym is a great job for teens who enjoy working out.
- Sports: This includes working in a sports store or as a coach. If you’re good at sports, this can be a great job for you.
- Blogging: If you’re good at writing, this is a great job for you. Teens can make a decent amount of money by writing for a blog, or better create your own blog and use affiliate marketing to earn money.
- Cashier: You can get a summer job in a grocery store and work as a cashier. This may not be the most exciting of jobs but it`ll get some experience on your resume.
Flipping products is a great way to make money as a teen. If you’re interested in selling products online. If you’re a teen who loves to shop, this is a great way to make money.
Product flipping is the practice of buying products from an online marketplace and selling them for a higher price on another online marketplace, usually Amazon. You can flip the products for potentially higher prices if you can add more value to the product.
If you’re good at creating products, you can make a lot of money. It will depend on your personal creativity on how you can create products. It can be sculpting, 3D printing, making things out of useless objects, making salt paintings or whatever talent you have.
If you have a talent that you are trying to perfect then you can make money through it. You just need to get your marketing right. Set up a blog, Facebook and Instagram pages and promote your products by uploading regular pictures and asking friends and family members to share your posts for greater traction.
So far we have covered some of the usual earning methods. Let us now look at two heavyweight earning methods that we do not usually expect teenagers to turn towards. But the world is changing, teenagers have more financial literacy than many belief. So let us talk about some methods of earning that involve investment.
It’s possible to make money from stock investing, but it’s not easy. It takes a lot of hard work and effort, and if you want to make money from stock investing, you need to work at it. Teenagers can have a go at stock investment just to understand how it works but making real money in the stocks requires understanding the market. For which you need to spend time understanding financial analysis, interpretation and market movements.
But in February 2020 “kids” showed big wig investors that unity is everything. When investors were betting on GameStop to fail, countless gamers that involved a lot of teenagers and young adults rallied to buy shares of GameStop to save the company whose fate was sealed by big wig investors.
The surge of buyers was so strong that even apps like Robinhood crashed. On that day teenagers and young adults proved a lot of financial analysts wrong. Many kids ended up earning thousands of dollars, simply by timing their trades properly which is no mean feat. Even seasoned traders find it difficult to time their trades properly.
If it is difficult to understand the stock investment, then it is even more difficult to understand how the cryptocurrency market works. This method is ideally only for those who are in their late teens, kids in this age group can invest responsibly.
Cryptocurrencies are the emerging future. Bitcoin is the most known crypto, followed by Etherium but then there is Doge which is being popularized by Elon Musk. There are hundreds of more cryptocurrencies. A crypto rally can generate profit in thousands and millions of dollars if the investors invest intelligently.
Once again crypto investment is not easy, you need to know how the market is going to move. You need a strategy to protect your investment and set limits to the risk that you can take. But we honestly believe that teenagers, particularly those who are interested in pursuing careers in finance, should try their luck with investment in the stock and crypto markets because this is going to give them much needed experience and exposure to the market.
So if you are a teenager, who has a bit too much free time then don’t waste it. Take up some activity that can not only teach you some new skills but also allow you to earn some money. Remember, at your age earning money is not about meeting your ends. It is about experimenting and learning new things. So go out there and experiment because this is how you will grow.
Main Image Source: Pixabay