Kids are great, aren’t they? Happy, social, and always up for an adventure!
But sometimes, being a parent can feel like a ball and chain. Between homework, chores, and trying to fit in some quality parent-child time, it’s easy to see why so many parents feel trapped in their roles due to family obligations.
What’s more is that it can be difficult to tell your kids the truth about money. Chances are, they’ll hear about it from an early age. Which means that even before they’ve fully understood the concept of saving, they’ll have learned that buying things makes you rich.
So how can you teach your kids about money while staying true to your values? How can you help your teens discover the power of their own potential and not become victims of consumerism?
Good question!
Here are some ways to make money online with teens (and please note that we’re not advising you to take any of these avenues without first consulting with an expert).
Start An Online Store
If you’ve got a creative mind and a decent amount of free time on your hands, you can start making money online by creating an online store. There are many businesses you can start from the ground up, with all the technical work done for you. You’ll just need to find a niche and grow your audience.
To help you get started, we’ve compiled a list of top-notch stores that let you sell your handmade creations.
Whether you create jewelry, clothing, or accessories, there’s a market for everything. For example, if you’re passionate about fashion, style, and design, you can start a blog where you share your unique take on fashion and the industry. You could even create a capsule collection of stylish yet unique items that you sell on your blog. The possibilities are endless!
If you’re looking to make money online without having your own product, you can start a wholesale business selling items made by others. You’ll need to register with a commercial license to legally sell these products. However, you don’t need to have a physical store to sell these products. You can either have the item delivered to your customer, or you can set up an online store where they can purchase your products.
Teach Your Children About Money
One of the best ways to teach your children about money is by example. Let your children learn to value money through your actions and words. When you show them that spending money is a smart choice, it’ll make them more mindful about their spending habits. Plus, it’ll give you more quality time together as a family.
If you want to teach your children about money, you can start by teaching them to be discerning buyers. Make a point to purchase only those products that are of good quality and don’t have any glaringly obvious flaws. Show your kids how to properly research a product before making a purchase. They’ll start to see that spending money is a calculated and strategic process.
Sell Your Photos On Online Marketplaces
Another way to make money online is to sell your photos on online marketplaces. There are a variety of these platforms where you can post your photos and make money off the picture. For example, Giphy’s revenue is mostly made through displaying and selling users’ photos on their website. Similarly, Dreamstime’s parent company, FX Photo, generates 80% of its revenue from selling and licensing photos to companies.
If you’ve got a decent camera with you, there’s no reason not to start a photo blog. The most important thing to keep in mind is that you’ll need to set the pricing for your work correctly. Most online marketplaces have fairly open policies when it comes to pricing, so you don’t need to worry about being too expensive or too cheap. Be aware that the more you charge, the more you’ll probably sell. But, conversely, the more you accept, the less you’ll sell.
Sell Your Creativity
Still don’t know how to make money online? Don’t be afraid to try your hand at selling your creativity. Rather than trying to mimic what others do, be unique. Your creativity will be your best asset in creating something new and different. If you’ve got an artistic streak, why not develop it and try your hand at designing logos, packaging, or even t-shirts? You can create a page on websites such as Etsy or Shopify where you can share your work. For artwork, you can use online marketplaces like Redbubble, Ko-fi, or Printful to connect with buyers who might want to buy your work.
Every parent wants their kids to be happy and successful, and the above suggestions can help you teach them financial literacy while still allowing you to be a involved parent. What’s more is that you’re not alone in wanting to do this. Many parents find themselves unable to work remotely while their children are at school. So they do this parenting thing solo, which can sometimes feel a little lonely. That’s why they need a bit of help from the outside. That’s where you come in.