Introducing an effective way for a 12-year-old to make money has always been a topic of debate. Depending on the location and the culture, parents and authorities have had different opinions when it comes to kids earning money.
With the changing times and the proliferation of different ideas, many are slowly accepting that letting kids sell things at a young age is a perfectly reasonable decision to make.
A List of Items a 12 Year Old Can Sell
When it comes to the items a 12-year-old can sell, the possibilities can be quite expansive. At the same time, the items a 12-year-old can sell should always be carefully monitored.
Most authorities advise against letting a 12-year-old engage in risky activities or sell items that may pose a risk to their well-being or that of the people around them. Some of the most popular items that a 12-year-old can sell are the following: – Food items: Anything from homemade meals, snacks, and food items can be sold by a 12-year-old with advanced cooking skills, or with parents’ permission. Though, it’s important to keep in mind that cooking and selling food is subject to certain regulations, depending on the location.
– Arts and Crafts: If the 12-year-old has an artistic side, they can make different objects out of paper, wood, fabric, or clay. These crafts can be sold at different locations, such as flea markets or to family and friends. – Books and Video Games: Another way a 12-year-old can make money is by selling video games and books.
They may have games, books, or both that they’re willing to part with in exchange for money. – Clothing: If the 12-year-old has old clothes or clothing that is no longer of interest to them, these items can be sold to secondhand stores or in an online marketplace.
– Snow Removal: In colder climates, a 12-year-old can offer a winter business. This could include shoveling snow off walkways or driveways for corporations, neighbors, or anyone else who needs the service.
Tips to Consider When Selling Items as a 12 Year Old
Parents and guardians should closely monitor a 12-year-old’s business. This means making certain restrictions on what can be sold and in which circumstances.
Some factors to consider when allowing a 12-year-old to sell items are: – Know the laws: Depending on the location, certain results of items may be illegal to sell, like food. Every jurisdiction is different, so it’s important to research what is allowed and what isn’t before getting started. – Develop a plan: Business ideas are important before jumping into selling items.
Develop a plan of how the 12-year-old will research cost and prices, find a supplier if necessary, and set overall prices. – Set a price range: Knowing how much the item costs and if it is sold at a profit lies at the core of a successful business. Helping a 12-year-old understand about setting a price range for items is also important in order for them to make money.
– Get experience in the field: Before kids can become successful entrepreneurs, they should get experience in the field. This doesn’t mean they need to become experts, but some experience in selling items can be beneficial.
– Teach tax responsibilities: As the business grows in size, the 12-year-old should become familiar with the local and federal tax laws in their area. They should also make sure to save a portion of the money to pay for those taxes. This can help them develop a better understanding of the financial responsibilities that come with running a business.
Great Places a 12 Year Old can Sell Items
Once the 12-year-old has come up with the items they would like to sell, it’s time to figure out the best place to sell them at. Depending on the type of items sold, there are a variety of places to look into when considering where a 12-year-old can sell.
– Local Flea Markets: Flea markets are a great way to sell items and introduce a 12-year-old to the business world. Prices are usually cheaper and customers are more willing to haggle. It’s also a great way to socialize and get to know more people.
– Online Marketplaces: There are a number of online platforms that a 12-year-old can use to sell their items. Platforms like eBay and Etsy are two of the most popular. It’s important to keep in mind the associated fees when selling items on these platforms.
– Social Media Pages: Platforms such as Twitter, Facebook, and Instagram allow 12-year-olds to create social media pages and sell things there. The products are advertised through posts and users reply when interested in the product and the 12-year-old can contact them directly.
– Word of Mouth: Advertising items through word of mouth can be beneficial if the items are unique or personal. By advertising directly, the 12-year-old can have better chances of selling, as customers have had direct contact with the people involved.
Advantages of Trading at a Young Age
Helping kids start a business at a young age can bring a lot of advantages. Offering support can help them develop certain skills, such as financial and business skills, that may lead to a successful future.
Here are some advantages of starting to trade at a young age: – Knowledge: A 12-year-old can learn a great deal by selling items at such a young age. This can mean anything from understanding the basics of running a business to more complex knowledge like taxes and customer relations. – Development of skills: Engaging in the business world can open doors for the 12-year-old to develop a number of skills.
This includes problem solving, financial accounting, time management, and more. – Creativity: Selling items can help a 12-year-old become more creative. Developing a business plan, finding a supplier, and advertising the product can get their creative juices flowing and help them come up with unique solutions.
– Community Involvement: Selling items also involves interacting with people from the local community. This provides a great opportunity for a 12-year-old to become more involved with the community and meet different people.
Conclusion
Being young has its advantages, so teaching kids how to make money at a young age can be an incredibly worthwhile experience. As long as the items the 12-year-old can sell are monitored and permitted by the authorities, any business that is started can be of great benefit to them.
A 12-year-old can sell items as diverse as arts and crafts, books, video games, and clothing. The places they can sell their items can vary from local flea markets to online marketplaces and social media pages. With these guidelines, a 12-year-old can learn a great deal about money and the business world, and be successful in making money.