How Can Kids Make Money and Grow at the Same Time

Posted by Mr. Hachis | On: Dec 30 2012

A nine-year-old child in Detroit was in the news recently for how he managed to put out alemonade stand to help raise money for the bankrupt city. He actually managed to make nearly $3000 for Detroit. Perhaps the child was able to make so much because he did it for a wonderful cause like helping his community. His cause could have given him much inspiration and inner strength. Most of the time, a lemonade stall will only make something in the low double digits. The problem with routine ideas like lemonade stalls (and doing paper rounds also), is the fact that these tend to be already tapped out. There are already plenty of kids trying to do this. How can kids make money today without facing too much competition, and without doing something that's is draining – like shoveling snow or mowing lawns?

The truth is, there's really no reason to go with these tried and tested ways anymore. There are so many ways that you can go about it if you would put your mind to it. For instance, who says that a kid can't tutor another kid? And it doesn't even have to be a high school kid tutoring 10-year-olds. 8-year-olds can tutor 7-year-olds too. And it's a great idea not only because it can help them make money doing something new. It'll also make them see how serious a business learning is. They'll find all kinds of holes in their own understanding, and they'll turn to their books to fill those holes up because they need to teach. It pays them.

There are other unconventional methods too. Kids can sell puppies and other pets, for instance. They can go around the neighborhood, find where homes have puppies that they want to give away, and tell them that they can find new homes for those puppies. That's a job that could easily make a kid a good bit of money, because it involves creativity, hard work and a good attitude.

If you think about it, this is the only way children should make money – doing something creative, enjoyable and something that teaches them about life. Parents should sit down and think about this. How can kids make money in a way that helps them grow? It's something that every parent should think about and read about. It might be hard to believe it, but children do run businesses that they start on their own, too.

There are business ideas that children could exploit that wouldn't occur to a grown-up. For instance, kids love video games; they know what video games really strike a chord with other children like them. They look around for games that are on their way out and that are sold at throwaway prices, or they find games that are hard to find at stores somewhere; they can buy all the copies sell them to their friends. It's been done.

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