What if you’re between 16 to 18 years old and you want to make some money as a teenager?
Maybe it’s difficult for you to get a job, or you want an alternative to having a job. Maybe you’re not legally ready to start working. Or maybe you want to become an entrepreneur. Here are some tips on how to start making money in your teens.
Watch this video on how to make money as a teenager.
1.Work To Learn
At this stage in your life, work to learn, don’t work to earn. Don’t get a job just to make a quick buck. Pick a career in which you can develop a skill and acquire some knowledge. Better yet, pick someone that you can learn from.
Choose a mentor and work as their apprentice or intern. If you learn from the right person, those skill sets will be extremely valuable to you when you decide on a career in a specific industry. It can be in entertainment or digital marketing or another choice.
2. Get Paid Based On Results, Not Age
As a teenager, if you want to make good money, pick a skill where you are getting paid based on results, not by how old you are. I’ll give you a perfect example.
When I was getting started in my early 20s, I was doing marketing consulting for people and business owners were always saying to me, “You’re too young for this.” They made a judgement call based on my baby face. I still look young for my age now.
But back then, I looked really young to people, and I was making good money as a copywriter and marketing consultant. But they thought I was too young to be doing that kind of work. So the question is… when am I not too young?
One day, it seemed, people told me I was too old. I was too old to start my own business. Too old to start pursuing my passion. So when is the right time?
Don’t let others decide for you. No one knows the right answer. Those comments about age are nothing more than an excuse. Instead of using it as an excuse, use it as an advantage.
This is what I mean. Let’s say you’re 17 years old, and you’re phenomenal with social media, such as Instagram, YouTube, or Facebook. Offer your social media skills to the marketplace. Or maybe you’re good at coding. That would be your skill to offer to the marketplace. You can start these as a side hustle.
You can also be a consultant. As someone who’s young, you understand how young people think and buy. You can help companies and entrepreneurs with marketing insights in exchange for a consulting fee.
3. Master Financial Literacy
It’s not enough just to make money. You need to learn how to save and invest it. Financial literacy is not a topic that they teach at school, but this is something you can have a mentor teach you.
Set goals for yourself on how much money to set aside each week or each month. The amount you set aside will depend on how much income you’re making and your weekly or monthly expenses. Setting money aside each month will grow your net worth.
4. Develop Relationships and Communication Skills
Learning how to build meaningful relationships is an important skill for when you have a career, or if you want to become an entrepreneur. Work on your communication skills.
People like to work with and purchase goods from those they find likeable. Also, if you are good at making friends, listening to others, and helping people, you will have an easier time with winning over a mentor, or a prospective employer, client, or customer.
No matter if you want to start a side hustle, get a job, or start a business, being able to communicate and start a professional relationship with the person you want to work for or work with is key.
Say you want to start your own social media management business for a company. Being able to build a relationship with your prospective client, and selling them on why they should hire you is what will make you money.
5. Making A Lot Of Money As A Teenager Is Possible
If you want to do more than make a little extra money on the side – if you’re high performance and highly ambitious, you could build an empire, even as a teenager. I even have young people barely out of high school who have taken my High-Ticket Closer ™ program and they are making money closing deals. For more information, click on the image below.
Another way to make money is by starting a business. Here are some examples of some highly creative and successful teenagers:
At the age of 16, Nick founded his first company in 2011 when he created the app, Trimit. The app “used an algorithm to condense text into bite-sized chunks for easy reading.” He received $300,000 in funding from venture capital investors to relaunch the app as Summly. He is currently the youngest person in the world to raise venture capital.
Currently still a high school student, Brennan sold over $1 million worth of custom-designed athletic socks last year. He founded the start-up HoopSwagg when he was just 13 years old and is still the company CEO.
You’re never too young to start a business. When she was just 10 years old, Juliette, with help from her mother, designed Miss O & Friends, which became a pre-teen social networking site.The company was officially launched in 2005 when Brindak was just 13. The site has around five million unique monthly visitors and is worth around $15 million. She is the company CEO.
Final Thoughts On How To Make Money As A Teenager
If you want to make money as a teenager, take massive action. Work to learn a skill that you can apply to your future career. Even better, get a mentor to teach you career-related skills.
Evaluate what skills you already have and get paid on your results – the value you can deliver to the marketplace. For example, if you are talented at computer coding, offer that skill to a company or business.
Work on other skills as well, such as financial literacy and developing your relationship and communication skills. It’s never too early to start, and some teenagers have already become CEOs at a young age.
What is an important skill that you want to learn as a teenager? Comment below.