How to start your own online business as a teenager - Jobidea24 - Jobidea24 - Learn Everyday New

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Friday, September 2, 2022

How to start your own online business as a teenager - Jobidea24

How to start your own online business as a teenager - Jobidea24


This article will teach you how to start an online business as a teenager. As a young person, you have a wonderful gift called TIME. However, you may need more capital, knowledge, experience, or connections. But don't worry. This article provides a detailed guide on starting an online business as a teenager and 23 online business ideas you can start today without any problem.


How to start your own online business as a teenager - Jobidea24

16 Online Business Ideas for Teens

I have compiled 16 online business ideas for young people that do not require startup capital. I have analyzed each business idea in-depth and provided you with estimated start-up costs, pros, cons, and how-to for each listed below.

1. Blogging

Blogging is a great way to start an online business as a teenager. You can start a blog for just $35. Before you start a blog, you need to pick a niche. For example, this blog is in the business and finance niche. There are different types of blog niches available, and some of them are evergreen:


  1. Travel
  2. Education
  3. Finance
  4. Food
  5. Adventure
  6. Fashion
  7. Health & Beauty


I recommend starting a blog in a niche you are passionate about. This way, you can quickly enjoy your blogging journey while earning money passively.


You only need a domain name, hosting, and WordPress to start your blogging journey. Bluehost offers one of the best services when it comes to blogging. They offer shared hosting starting at just $2.95/month, including a free domain for the first year, a free SSL certificate, free 1-click WordPress installation, and excellent 24/7 customer support. That means just $35 will run your blog for a full year. What more do you want?



Regarding revenue, it depends on the niche and industry you are blogging about. Generally speaking, you can easily create a $ 1,000-per-month blog in 12 months. Once your blog gets traffic, you can apply for Google Adsense, allowing you to post ads on your website. I earn between $5 and $25 for every 1000 visitors to my website.

Advantage

Easy to set up, low startup costs, high passive returns, and guaranteed success if you show hard work and patience.

Disadvantages

You need constant posting of content, it takes time to see results, and you need a lot of patience and persistence.

Start-up costs

Domain and hosting combined for only $35 the first year.


2. Instagram Theme Pages

An Instagram-themed page can be a great online business for teens. The best thing about this is that it requires no startup capital. You only need a mobile device, an internet connection, and Canva.


Before starting an Instagram theme page, identify the niche you want to get into. Niches on Instagram are similar to blogs. Some of the most popular niches for an Instagram page are:


  • Pets
  • Motivational Quotes
  • Memes
  • News
  • Finance
  • Travelling and Nature


It would help if you had a lot of patience and persistence to make an Instagram theme page a successful business model. Once you get many followers and an audience for your page, you can monetize them with sponsored posts and affiliate marketing. You can earn $300-$1000 or more monthly from a single Instagram theme page if you monetize it correctly.


Advantages

Easy to manage, no start-up costs.

Disadvantages

Constant content posting required, no guarantees, slow growth.

Initial costs

$0

3. TikTok Theme Pages

The TikTok topic page is similar to the Instagram one in many ways. The big difference is that TikTok's algorithm makes it easier to show your content to people who don't even follow your account. Your content is also more likely to go viral on TikTok than on Instagram.


You can monetize your TikTok theme page just like your Instagram page. TikTok's main source of income is its live feature. You can get donations from your viewers in the form of TikTok gifts. And these rewards can pay you anywhere from a few cents to hundreds of dollars. Remember, to be eligible for the TikTok Live feature, you must have at least 1,000 followers.


Advantages

Easy to manage, no startup costs, content goes viral quickly.


Disadvantages

Consistent content posting is required, with no guarantees.


Initial costs

$0

4. Instagram account change

Buying and selling Instagram accounts for profit is nothing new. People buy Instagram accounts to get premium usernames or followers to have a page. There are two ways to start an Instagram account investment business. One of them is to create new accounts, take them to a good number of followers and sell them. And the other way is to buy an account at a low price and sell it at a high price.


To buy or sell Instagram accounts, you can visit SocialTradia.


Advantages

Easy to operate, low start-up costs, low barrier to entry.

Disadvantages

No guarantee

Starting price

$0 - $500

5. TikTok account change

Starting a TikTok account trading business is similar to Instagram account trading. You can visit FameSwap to buy or sell TikTok accounts.


Advantage

Easy to operate, low start-up costs, low barrier to entry

Disadvantages

There are no guarantees, and you should do your own due diligence when purchasing TikTok accounts.

Startup costs

$0 - $500


6. Selling Digital Products Online

If you're a teenager considering selling digital products online, you're in luck. All you need for this business is a computer, an internet connection, a domain name (11/year), and a Shopify membership ($29/month). You don't need a domain or a Shopify plan if you want to sell your digital products through free channels like social media.


There are four types of digital products that you can sell online.


Educational digital products (books, notes, courses, etc.)

Templates and digital tools (CV, resume, infographics, logo, etc.)

Licensed digital products (themes, plugins, software, etc.)

Subscriptions (fitness plans, coaching, etc.)


Advantage

Highly scalable, automation possible, high-profit margins.


Disadvantages

High competition, piracy.


Startup Costs

$0 - $500


7. Drop Shipping

Dropshipping is a great idea if you want to start an online business as a teenager. Dropshipping is an order fulfillment strategy that does not require you to have any inventory as a business owner. Every time an order comes through your online store, you send the order to your supplier, who, in turn, ships the product to your customer. For detailed information, you can read my guide on how to start a dropshipping business from scratch.


To run this business, you need a computer, an internet connection, a Shopify plan, and a domain name. The good news is that Shopify's 14-day free trial (no credit card required) allows teens to quickly start this business without spending a dime. Also, domain names are cheap and only cost $11 annually if registered through Namecheap.


Advantage

Highly scalable, high revenue, highly automated, and low startup costs.


Disadvantages

High competition, no guarantees, and a business model based on supplier reliability.


Startup costs

Shopify -> $29/month

Marketing -> $300

Domain name -> $11/year


8. Service Delivery

Dropserviceing is similar to drop shipping. Here you sell services instead of physical products. As a business owner, once you order a service, you hire freelancers to do it for you and keep making a profit. For example, if you run an online web design agency and receive a $600 order to create a basic website for a small business. You can send the job to a freelancer for $350. This means you can keep $250 in profit by being the broker. If you want to start a direct service business, read my step-by-step guide on how to start a direct service business from scratch.


All you need to start a direct services business from scratch is a marketing budget, a domain, and a hosting package. As I already mentioned, Bluehost offers the best services when it comes to hosting and domain. They offer shared hosting starting at just $2.95/mo, which includes a free domain for the first year, a free SSL certificate, free 1-click WordPress installation, and excellent customer support.


Contact us today if you want to start your own delivery service business. We offer free guidance and consultation to business owners who want to enter the drop service business. We help you build your website and find clients for you. We also help you find the right freelancer for your delivery service business.


Advantage

Highly scalable, great returns.


Disadvantages

The high competition requires a basic understanding of the service being offered.


Startup costs

Hosting and domain package -> $35/year

Marketing -> $300


9. Freelance Writing

If you love writing and are good at it, starting an online business as a teenager is a profitable business idea. Freelance writers mostly write content for newsletters, advertisers, and blogs. Bloggers and marketers are constantly looking for writers in various niches. Sometimes you may need to write about a topic you are unfamiliar with, but if you are willing to research and learn along the way, the sky is your limit. Below are some of the most popular websites for searching for writing jobs.



Advantage

Lots of opportunities, zero startup costs, and new things to learn.


Disadvantages

Not being well compensated, can be lonely.


Startup costs

$0


10. Change of domain

Domain swapping is a business where you buy a domain to quickly. It's like switching Instagram and TikTok accounts. Depending on the desirability of the domain name, the markup can range from a couple of dollars to hundreds of thousands of dollars.


You can buy and sell your domains through the Flippa platform.


Advantages

Low barrier to entry, low start-up costs


Disadvantages

No guarantees and a lot of time invested


Startup costs

$0-$1000


11. Affiliate Marketing

Affiliate marketing involves earning a commission by promoting products and services made by you, other retailers, or advertisers. Companies usually provide a unique link to their affiliates, and the software detects if a sale is made through the link. These companies pay between 3% and 200% commission on the price of the product/service sold.


Remember, you need your marketing channels approved for larger affiliate networks. As a teen, you can share your affiliate links through blogs, social media, or newsletters.


Some of the most popular affiliate networks are listed below:



Advantage

With low startup costs, you can join multiple affiliate networks.


Disadvantages

The more audience you need to share your affiliate links, the lower the conversions.


Startup costs

$0-$35


12. Print on demand

The print-on-demand industry is booming due to the influx of young people into this business. It is similar to a drop shipping business, except the supplier prints the clothing with your custom design and ships it to your customer.


To start a POD (Print on Demand) business in Teen, you need a Shopify plan and a domain name. Shopify's 14-day free trial (no credit card required) is perfect for trying out this business model. For the domain name, you can go to Namecheap.


Some of the most popular POD companies for selling custom products online are:


The best thing about these POD companies is that their services can be seamlessly integrated into the Shopify admin through the Shopify app. It fully automates your business and passively earns you money.


advantage

Low startup costs, highly scalable.


Disadvantages

Returns are complicated and lack control over product quality.


Startup costs

Domain -> $11

Shopify -> $29

Marketing -> $300


13. eBay

Buy low, sell high - this is the formula to start an online business on eBay as a teenager. You can buy anything from guitars, hats, sports memorabilia, sneakers, furniture, etc., and sell them at a higher price. You can sell the products online on the same platform as eBay or Craigslist, or Facebook Marketplace.


Remember, if you want to set up an eBay store for a small monthly fee ($4.95 per month), you can enjoy many benefits, including free listings, branding options, and dedicated customer service. It's 100% worth it if you want to stick with this idea.


Advantage

No experience is required really low start-up costs.


Disadvantages

Always be vigilant, there are no guarantees.


Startup costs

$0-$100


14. Virtual second-hand store

If you love visiting thrift stores and finding great deals, a virtual thrift store business is perfect for you as a teenager. To start this online business, you must regularly visit your city's thrift stores and find those second-hand treasures. Once you find the gold nuggets, go to their social media pages or website and list them at a higher price. This is a great way to save extra money to start an online business with more potential in the future.


Advantage

High margin, easy to set up, no skill or experience required.


Disadvantages

Thrift stores require regular visits, difficult to scale.


Startup costs

$0-$100


15. Online surveys

Online surveys are a great option to earn money online as a teenager. Although it doesn't pay much, if you don't have start-up capital, you can start saving the money earned from survey networks and finance your new online business. You can check out this list of online survey networks where you can sign up and start earning cash right away.



Advantage

Free money to start better businesses, sign up for multiple survey networks.


Disadvantages

Boring job, the minimum account balance is required for payments, and payments are low.


Start-up costs

$0


16. Gift hunting

If you visit Craigslist or Gumtree (outside the US) and scroll down to the For Sale section, you'll find a section called Free or Gifts. These sections are full of people giving away free stuff. You can find anything from a sofa set to a working LED TV. Some people don't need the extra money and are grateful if someone can take their stuff so they can buy a new one.


If you can collect those gifts and store them in your garage or home, you can clean the products, take great photos, and even upload them to eBay, Facebook Marketplace, or Craigslist. This online business does not require start-up costs apart from logistics charges for receiving gifts from sellers.


A few years ago, I made $400 a week doing this full-time in Australia. I could do this business on a large scale because I had a van.


Advantage

Low barrier to entry, no startup costs, high margins


Disadvantages

Time-consuming, and may require a private van to climb


Starting price

$0


How much money do I need to start an online business as a teenager?

Before starting an online business as a teenager, you must understand finances and startup costs. You can start an online business for as little as $11. For example, a domain swap business can be started with just $11, but to start something more concrete like a blog, you need at least $100.

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