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Financial News (24)
Teens Turning Hobbies into Businesses
March 09, 2014
One of the biggest challenges facing you as a teen is that living expenses grow faster than income. In many cases, teens have only allowance money or money from chores or small jobs, since a lot of companies won't hire teenagers for consistent positions.
So, what can you do about it?
For Lisa Marie, who realized she could only take horse riding lessons if she paid for them herself, the answer was simple. Lisa loved to cook; it's her favorite hobby. Lisa asked her parents if she could try and earn money for the lessons by baking and selling her baked goods at local farmers' markets. As it turned out, Lisa's baking was a hit.
With a little help from her dad, who created her website, Lisa was able to reach a larger audience for her baked goods. As she started to sell more, Lisa was inspired to make her recipes healthy and use local ingredients. She even started a blog and starting reaching out to other teens and families to encourage them to, not only, try her recipes, but also, enjoy the benefits of healthy eating habits. Lisa now has a series of videos to teach people how to prepare healthy food and has appeared on several daytime cooking shows to demonstrate her skills. The best part of all this, Lisa was only 11 when her business went from local farmers' markets to an online sensation.
Lisa took something she already liked to do and turned it into a business. Why not you?
What are your hobbies? What do you enjoy doing? Make a list of the activities you really enjoy and try to come up with some ways you could earn money just by doing those things. Like to play with your dog? Why not become a dog walker? You could start small, with people in your neighborhood, if it goes well, expand to other places and start advertising. Need help? Talk to a parent, or teacher, or visit your credit union and ask for advice on starting your business.
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