We are amazed at all you kids that want to make some money. Wow!
Some kids have commented that they need more ideas to make money. So, of course, here we are to help with some more ideas on what kids can do to make money.
I figured I'd share with you how my brothers and I made money when I was a kid.
All the credit goes to my older brother. This was all his idea.
So, here's how a kid can make money.
It worked for us…that is, until we were shut down by Mrs. Mullarkey.
Basically, every so often, we'd get my Dad to drive us over to Cicero Avenue in Chicago where there was a candy wholesaler.
The way business works is that these wholesalers sell to retailers. Then, the retailers charge their customers more than the wholesaler charged them.
Retailer is just another word for store, if you are not aware of that term.
So, that's how stores make money.
They buy wholesale. They sell retail.
The difference between the price they pay for something wholesale and the price they sell it for is their profit.
This is a simple formula for making money if you are a kid.
Buy low, sell high. That's how everybody makes money…and it's a way for kids to make money too!
So, we would buy candy wholesale and then we would sell it to the neighborhood kids. There were a ton of kids in our neighborhood.
So, we might buy $25.00 worth of candy bars and get 50 candy bars. Then, we would sell them to kids for $1.00 each. If we sold all the candy, we would make $50.00 – that's $25.00 in profit that we could keep. Back then, that was a lot of money. We would do it every weekend, so we made some good money.
Eventually, some kids in the neighborhood started getting cavities. Then, my parents got a nasty note from Mrs. Mullarkey, a neighbor on the block, saying that we should not be allowed to sell candy. We were shut down.
So, we diversified into toys. We'd go to the toy wholesaler and buy stuff to sell. We'd buy rubber-band guns and these miniature spy cameras…stuff like that. We made money on that too.
We didn't get rich but we had enough money to buy stuff we wanted. We did other stuff…had newspaper routes, ran lemonade stands, shoveled snow, and we even ran haunted houses and casinos where kids had to pay to get in. It was a lot of fun.
Now, you may not have $25 to go out and buy candy from a wholesaler.
If you don't have money to start with, you have a few options. One is to borrow from your mom or dad or somebody.
Another is to get the kids to pre-pay you and then take the money to the candy wholesaler.
Finally, you can beg the candy wholesaler to give you some candy to sell without paying any money. Sell the first batch of candy and then go back and pay for that bag and use your profits to buy the second bag.
One important thing … don't eat your candy before you sell it!
Just in case you think you can't make money by selling candy, you might want to know that Warren Buffet, one of the richest men in the world started in business by making money as a kid…just like you want to do.
At the age of 6, he started selling his first thing. Guess what it was?
Chewing gum!
That's right one of the richest people in the world started out with this good idea for making money as a kid.
|
What do you think of this idea about how kids can make money? Please leave a comment.
|
| Trent |
3/15/2009 |
One day when i was a kid i sold candy but I made twice as the money I had top but then spent and sold a lot more of money now I'm work.
|
| Jordyn |
3/28/2009 |
I am not that close with neighbors but I really need some money SOS!
|
| messyjessi |
4/5/2009 |
i really need money to go to disneyland. thanks this really helped!
|
| matthew |
4/30/2009 |
thanks so much, i sold 500 paks of gum for $500!
|
| Adriel Martinez |
5/2/2009 |
I am writing an article may i have your permission to add this? I would also buy $10 worth of action figures* on e-bay** then sell them for $9 each.
*uasally $3.
**www.ebay.com
Thank you. Adriel Martinez P.S. Kids please go adrielmartinez.wetpaint.com.
|
| shantrice king |
5/9/2009 |
this did not help at all i need money in one day and u tellin me to sell candy r u 4 real
|
| shelb rox ya sox |
5/29/2009 |
i need mula and fast i am getting a dog but i can only do it if i make enough money and pay for it myself(parents said so) me and my friend are: doing a lemonade stand, dog washing, shaved ice, chores in own house and neighbors house, car wash, a BUNCH of yard work,dog walking, selling candy, selling old books, flower planting, firewood stacking, reading to elderly if they can't read, and catching (and selling) fish bait. but we need more ways everything is sooo cheap and we are starting today but my friend is going on vaca. tomorrow and she won't be back until june 20 then we only have till august 1-15 to get $130.00!!! i need more ways!!!
|
| I need money |
5/30/2009 |
So I really want a laptop and I saw one that I really LOVE at BestBuy so I told my Dad and he said that if I pay for half he'll pay for the rest. But the worker dude said that they sell out of those fast and they only get more shipped in every other month so I have to come up with money kind of fast so that I can get one before they run out. I have been searching the web for ideas but so far, I think that these are the best ones I've seen. Thanks!
|
| SHA-NAY-NAY |
5/31/2009 |
i bareley (i dont know how to spell that) live by anyone. I have 9 house on my street and 7 of them are being sold! me and my mom need money and i cant find anything that works!!! i need money SOS!!
|
| Future Warren Buffet |
6/3/2009 |
It looks like I'm going to be the next Warren Buffet!
|
| CoolnessRoxzCandy778990 |
6/15/2009 |
THIS MAY WORK! But if this CANDY idea doesn't work, try making a personal service Menu with chores you can do for a fee. Then give to friends and neighbors! Also try having a Rummage Sale! Other ideas you can try are Painting Fences, Watering Plants, Or having a car wash!! Please tell me if any of these ideas work!!! Peace,
CoolnessRoxzCandy778990
|
| Abigail |
6/28/2009 |
Have a raffle to make money. Get some paper and write some numbers on them. Then, buy a bunch of prizes and little trinkets. Label them with the same numbers that are on the paper. Take the papers with numbers on them and put one number each into a bunch of balloons. Now, have people buy the balloon and then pop it. The number on the paper inside is the prize they will receive. You will make money because you charge more for the chance to pop the balloons than it cost you to buy the prizes, paper and balloons. Hope this helps! Thanks!
|
| belle |
7/12/2009 |
i need to make 947.90 before july 31st please tell me some more ways to make money
|
| jatar |
7/13/2009 |
yard sales work too. if u have electronics or books etc. u dont use then u can sell them at a raised, but reasonable price. i have a yu gi oh deck that i hate that i will sell for say 12 bucks it works!
|
| desmond |
7/16/2009 |
thanks a lot i made loads of money by the candy bar trick and i even bought 4 candybars for1$ and sold for 50c each!
|
| jacob |
7/17/2009 |
im 13 but my parents dont even let me go to the corner store by myself and i want to make enough money for a good laptop. what do i do???
|
| Chesley |
7/25/2009 |
What I do, and I am a kid, is I make a "mini buisness" for something. I usualy just go ahead and put ads up EVERYWHERE for taking care of pets. I usualy do this during vaction times, because more people are gone more often. Each place you work for uaualy gives you about $100. I just got that much today because the people got home and came over and gave it to me!
|
| bryam Jimenez |
7/29/2009 |
IT is Vaction time im realy bored i need money please can ypu help me .. it is very hard though i really love pets . shold i be a pet sitter ??? or what ? ..i am 12
|
| help i need money by 1 week |
7/30/2009 |
i need $160 in one week. i dont have any money to buy anything then sell it, so i dont know what to do. please help right away.
|
| kai daniels |
8/8/2009 |
i need $655.00 fast i could maybe do the candy bar thing but i dont now how long it would take and i need it fast pls help me!!!!!!!!!!
|
| Katipiller |
8/12/2009 |
I Really want a DSI by christmas but its 149.99 and i want a whole load of games and acessories which will probably add up to about 300 - 500 £
|
| a cool person |
8/19/2009 |
i would do something similar to the candy bar thing but if ur in like jr high sell like monsters rockstars and red bulls for like 3.50 each cuz they cost like $2 each
|
| Cheerioo |
8/30/2009 |
I need money!!! IM saving up for a cell phone! and im going to pay half and my mom will pay half! So I need the money! so i can get a $70 phone!
|
| NExVERSxBEASTx=PSN ID |
8/30/2009 |
ummm. you could always advertise on youtube. Get an internet seller that doesn't advertise much then post the link on a realated video in the description. If you do 't have avideo ask someone that has a vid with like 10000 views to post the link then ask them to put an annotation so the people will be attracted to it then you get your payments every month and there ya go i havent had time to do it but im sure it will work
WHO DOESN'T WANT ADVERTISEMENT!!!!!
|
| steve age 14 |
9/9/2009 |
i found a good way to make money by realizing that kids in my school are always wanting gum. So i went to the store bought 10 packs of gum for only a little more than 10$. Each pack contains 15 pieces and i sell each piece for 25 cents so from 1 pack ud make $3.75 from all ten packs is a total of $37.50 subtracted by the price you payed for it making about 27$ in what could take me personally about 3 days to sell
|
| Noah 11 years old |
9/20/2009 |
HI!
My dad owns a hair salon and we get busy! I sweep hair and clean the salon and stuff and my dad give me $20.00 each week But heres the bad news ) : I need 1,199 for a mac computer Plus a extra 200 for a suitcase!
it will take a whole year im 11 years old
|
| Taylor |
9/29/2009 |
I need to make $80 in one week please help me. I am saving up for a Nintendo Dsi. Please help with some good ways to make money in a week!
|
| Adriel Martinez |
10/1/2009 |
go to wallmart and buy those packs of action figures "usually the pack of 2 r $10." buy about 3 packs. then make an ebay acount if u dont have one already. then takee out the figures and sell them on ebay induvidully for about $10 each figure and repeat the process. by the end of the month u will make abot $900 if u do this everyday abot $70 if weekly. thanks.
|
| corey |
10/15/2009 |
You guys are awesome. This is the best money making site for kids ever. I have been going to them for weeks and this is by far the best site.
|
| happy jo |
11/8/2009 |
Thanks for the ideas! A couple of questions though...How do you find wholesale departments? And do you have any really fast schemes that say I could start on now.
|
| Ken Gaebler |
11/8/2009 |
Happy jo, you can find wholesalers by looking in the Yellow Pages. If you can't find one near you, try just using the web to search for candy wholesalers.
As far as fast schemes to make money, businesses where you offer to do something for somebody else tend to be a quick and easy way for a kid to make money. Good luck.
|
| KyLynn |
11/11/2009 |
Hi,my name's KyLynn and I really want to buy a laptop with a CD/DVD reader and burner built into.But,I need $500 in order to buy it.I need a REALLY REALLY REALLY easy way to make $500 in one day or in one week.Thanks!
P.S.I'm only 12 yrs old
|
| I wanna get a laptop and job |
11/14/2009 |
Hi, I'm David and most of the ideas listed above don't really work for me because I live near a Loaf N Jug that's kinda like a candy shop, and I have something like a tote bag to sell gum and candy bars, but I'm shy, so please may you post more ideas for us children to make money??
|
| Mella |
11/18/2009 |
Umm. I need and want a job cause i am starting a band and i am only 13 yrs old :(
|
If you are an ambitious entrepreneur or an aspiring
executive looking to get involved with a startup, please take the
time to learn more about Gaebler
Ventures.
