You’re hitting the big time, kid. And you didn’t even have to leave home to do it. All you needed was a computer, a reliable internet connection, and the courage to try something new.
Yes, today is your lucky day. You’re about to discover a whole new way to make money online that doesn’t involve getting a traditional job. And you’re going to need to learn to tap into it quickly because times are changing and the opportunity may not be available for much longer.
The Basics Of Making Money At 16
First things first. You need to understand what is entailed in becoming a money maker at 16. What do you need to do, and how long will it take? Let’s look at each part individually.
To begin with, you need to pick a niche. This is where you need to focus your efforts, as this is what is going to help you make money online. For example, if you love to write, then there are plenty of places online where you can do that and make money. You can even do paid articles for publications like Forbes and Inc.
You also need to understand what a money maker at 16 typically does. In general, a money maker at 16 will carry out tasks for customers and then get paid once those tasks are completed. So, if you’re a great researcher, you could start a research company and get paid for providing analytical data to customers about the products they are considering buying. You could also write software reviews and get paid for each piece of software you test out and review. You get the picture.
Choose A Niche
You need to pick a niche that you feel confident that you are able to become very knowledgeable about. And you need to make sure that there isn’t already somebody out there who is providing the same service to people in your niche. The worst thing you could do is to start a company in a crowded niche or in an area where there is already competition. You want to pick a niche that is both lucrative and has enough room for you to grow.
Now, once you’ve picked your niche, it’s time to pick a platform. This will determine how you’re going to reach your potential customers. Your options include WordPress.com, Shopify, and numerous others. For the sake of this article, we’ll use WordPress.com because it is the most popular of the three. You can read more about choosing a platform in our guide to choosing a website platform.
Pick A Platform
Like with most things in life, there is more than one way to skin a cat. When picking a platform, you need to consider what you prefer and what works best for you. You also need to make sure that you are aware of the pros and cons of each. If you’re new to the world of business, the easiest thing for you to do would be to choose a free platform like WordPress.com or Blogspot. You can get started with these platforms and start creating your website within minutes. You don’t need any prior experience to do this.
However, if you’re looking for a more established platform with a large audience, then you may want to consider Shopify. And if you’re aiming for something more personal, then you may want to choose WordPress.com. Once you’ve got your platform picked out, it’s time to move on to the next part.
Create A Shopify Store
The next step is to create a Shopify store. Just like with most other platforms, Shopify is pretty easy to use and requires little to no previous experience to get started. Once you’ve created your store, you can display any product you want and add as many as you’d like. There’s no limit to the products you can add.
If you decide that you’d like to specialize in selling clothes and accessories for women, you can click here to go to the Shopify website and create a brand new store just for that. You can use the name of your favorite fashion designer or brand for this new store and pick a theme that is aesthetically pleasing to you. When you’re happy with the results, click on the button to continue to the next step.
Set Up The Finances For Your Online Business
Now that you have a Shopify store set up, it’s time to move on to the next step. The next step is to set up the finances for your online business. Just like with most other businesses, you’re going to need to set up a bank account for your company. But, that’s not all. Depending on what kind of profit you’re looking to make, you may also want to consider setting up a business credit card. Just make sure you’re aware of any fees associated with these accounts.
On the subject of taxes, as a business owner, you’re required to register with the IRS. You don’t have to fill out a whole tax form, just make sure you pay your taxes annually. If you start making a profit, then you’ll have to register as a small business and may even have to pay taxes at the rate of a medium business. This can get very complicated and isn’t something that the average person necessarily wants to deal with. For now, just focus on earning enough money to pay your bills and live your life. Once you’ve got that taken care of, you can start worrying about taxes.
Pick A Name For Your Business
The very last step in getting started is to pick a name for your business. Ideally, you want to pick a name that is easy to understand and short. If you’re using keywords in your site’s content or on social media platforms like Twitter and Instagram, then pick a name that is also composed of those keywords. For example, if you are using the keywords ‘make money’, then you could call your company ‘Make Money’ or ‘The Moneymakers’ to match your site’s content.
This is also the step where you need to decide how you want your business to be represented. You can choose a logo and colors to help establish your brand identity. For a quick fix, you can use free tools like Canva to create your logo and colors. Alternatively, you can hire a professional designer to help you create a unique and eye-catching logo that will make your customers want to come back for more.
Now that you’re ready to make money at 16, it’s time to dive in. You can start by creating a small blog to test the waters. Once you’ve got that up and running, you can move on to the next step. Just remember – this is a demanding niche and you’ll need to put in the work to stand out among the competition.