Did you know that your kids don’t have to wait until they are of age to make money? They don’t even need a job! There are thousands of ways that kids can make money. I know this because my daughter has been making money ever since she was six years old. If you want your children to know the value of a dollar, then start them off by earning their own money.
Check out these ideas on how kids can earn money.
As soon as your children can say “gimme”, they are ready to start earning money by doing chores around the house. Instead of giving them an allowance regularly, make it dependent on whether or not they complete their chores. As they get older, add the expectation that they will find additional chores to do based on “self-generated initiative.” In other words, at some point, they should begin to find things around the house to do on their own and negotiate a rate for. If you build this industrious work ethic in them early on, you will be laying a strong foundation for gainful employment or even successful entrepreneurship in the future.
Social Media Mogul
This is a rapidly growing profession seemingly dominated by next generation of youth. A personality that can produce content interesting enough to draw thousands or millions of views can make money with ads, product sales and more. These little ladies make an astounding $127,000 per month doing baking demonstrations. Having a strong social media presence is also a good way to attract the attention of agents who could help your child gain more traditional opportunities in acting and entertainment.
Also note: this strategy really only works if you have a self-hosted blog and can capture emails for further marketing. (I use ConvertKit). This is where the money happens. If you need to start a blog, you can do so for as little as $3.95 per month with BlueHost.com. Use this link to get that price on web-hosting.
If your child has access to a lawn mower and neighbors who are willing to pay, this is a classic way to make money. It requires very little start up capital and is ripe right around the time kids are usually off for summer break. If they are ambitious and live in the right area, they can convert summer clientele during winter months for snow shoveling.
Acting & Entertainment
This profession used to very location-centric, meaning if you didn’t live L.A. or NYC, it would be difficult to break into the industry. It still helps to live in a major metropolitan area, but with the ability to record video or audio auditions on a whim, a kid from South Dakota has the same shot as the kid born and raised in L.A. The first step in getting started is to obtain an agent, who will connect your child to gigs. My daughter has acted in national TV commercials and been booked for radio spots as well. It can be a great way to add to the college money fund. Just beware that going to local auditions can be time consuming and gigs are usually during daytime school and work hours. Also, watch out for “acting school” scams. You should never pay anyone any up front money to represent your child. A real agent only gets paid when your child books a job. Training is separate and a scam-free business model will not guarantee jobs or connections to casting agents.To find out how to start your child in the industry, check out my eCourse on it here: Kids & Entertainment, How to Start.
Recommended for You: Udemy Course- Start Your Child in Acting & Entertainment
I recently ran into some old family friends who had started a dog walking business. The two younger girls (both under 13) and the mom began approaching people in their building asking for business. It wasn’t long before they were all making money in their new business endeavor! Sites like Care.com and Sittercity.com can connect you to pet-sitting/care job opportunities as well.
With sites like Etsy.com it’s easier than ever to create something home made and sell it to the world at large. What’s more is that if your child isn’t sure what to craft, there are thousands of sites that will teach them to sew, knit, craft or scrapbook like a champ. At one time, my daughter would sell her rainbow loom creations to friends and family. She would regularly go on YouTube.com and learn how to make bracelets, charms and figurines. Once finished, they were priced to sell!
Social Media Management
If your kids are on social media all day, they might as well make money at it. There are many small businesses who simply don’t have time to deal with their social media. You can help your kids reach out to local coffee shops or dry cleaners to strike a deal for monthly social media management.
Video Editing/Graphic Design/Audio Editing
You might think this would be too technical for a child, but considering the new extremely user friendly interfaces for editing software even a toddler could figure it out. Well, at least a 5 year old. My youngest was about that age when she began shooting and editing videos in iMovie on my iPhone. It was also around that time she began tinkering in GarageBand. My oldest already edits her own YouTube footage and adds her own graphics. So you see, with a little initiative and instruction (remember YouTube!), this is a total possibility for making money.
This might require your help, but it can be a great way to add money to your kid’s bottom line. They can buy, sell and flip items on sites like Craigslist.org and Ebay.com. No work permit required!
If you are not comfortable with sending your child outside the home at the begining, they can start with their own siblings or relatives. A next step would be to refer them to friends. Sites like Sittercity.com and Care.com can also connect them with safe opportunities for childcare employment.
My daughter and I also brainstormed these quick ideas:
- home cleaning
- paper route
- hairstyling (the kind that doesn’t require a license.)
- stock investing
Don’t Stop Here! Keep Brainstorming
If you are looking for more information on how to start side hustles and additional streams of income for anyone in the family (including you), check out my new book, Increase Income Now. It comes with a bonus book on online entrepreneurship and a free 10 video tutorial on starting a website. Enter your email below and I’ll send the first 3 chapters to you for free!