Making money is hard especially if you’re fresh out of college and starting from scratch or have very little experience in business. But entrepreneurship welcomes players of all ages, and many successful teen entrepreneurs can attest to the fact that age is no obstacle to making it work.
Yet before you can figure out how to make IT work, you should first determine what works. A large part of entrepreneurial success is not your age but your ability to make smart decisions on where to put your time and capital. If your business doesn’t really serve a purpose or fulfill a real need, your business lacks value. Remember: in business, value is your necessary fuel.
Fortunately, in today’s bustling cultural landscape, it’s not hard to brainstorm on creative ideas that bring in profit. You can start a pet-sitting service or even sell your own homemade bath bombs right at home.
If you are among the young entrepreneurs today who are looking for awesome ideas to kickstart your entrepreneurial career, the following business ideas top the most promising business avenues you can explore.
Web and Software Development
If you have the ability to code, you are in high demand. Programmers are among the highest-paid skilled workers of the century, and if you can build a solid portfolio and a client base that can vouch for your competence and reliability, you’ll have more than enough share of clients to create your own empire.
A lot of coders start out on their own via freelance work. You can take this route alone or with a friend, either with the same skill set or with skill sets that are complementary to yours so you can market your services as a joint system. When the hard work pays off and your services have been put to test—and worked—you can consider expanding and bringing in more people into your team.
If you’re an entrepreneur with capital, you can bring talented people together and manage the work operations. Or you can simply start learning how to code. There are plenty of both free and paid resources online that will help you get started with your own programming career in no time.
The global reach of the internet makes it the perfect avenue for making profit. Add into the mix the advertising potential of social media, and you only need to start to get your own business going.
E-commerce is one of the most popular types of entrepreneurship online. Getting started is as easy as setting up your site and filling in your inventory, and if you have a natural finesse for marketing, you only have to wait to get your first dollars.
Powerful e-commerce platforms online are ready to cater to your creative ideas as a seller. Word of warning: there are plenty, and it will be hard for you to filter the good ones so be sure to do a comparative analysis of the platforms first before you invest in any.
Otherwise, you can simply opt to have your own e-commerce website built with your own custom domain name.
There’s a world of variety when it comes to the things that you can sell online: pet chew toys, vacuum cleaners, handmade crafts, old books, e-books—name it, there’s a market for it.
The popularity of social media has made a fantastic demand for people who know how to make digital magic with moving pictures. So if you have video editing skills—and are good at it—you can easily find a client who’s willing to pay good money for what you can do.
If you find great joy in the technical and creative aspects of video editing, go start your own freelance gig. You can also ask your friends to come work with you so you can take in more projects and exchange ideas in the process. Who knows, this can be the start of your very own video-editing enterprise.
It’s common in young households today to have both parents working. This often leaves finding sitters to take care of their children always an immediate necessity. So why not take advantage of this obvious modern-day demand?
If you have a natural affinity for children and have the patience to take care of them, starting a home day care is a great way to pass the day and make money. Working with children, while requiring plenty of energy in the process, is also absolutely fun and satisfying.
So make space in your home, and see to it that the place is childproofed and safe to receive your daily batch of tots.
Different states have different policies regarding day-care licensing, but as long as you keep your head count to the minimum, you won’t need to get through the formalities at first unless you’re already considering turning your small day-care business legit.
Or if you have money to invest in land capital, a sustainable large farm in the rurals.
The demand for organically grown food is all the rage these days, and if you’re confident with your green thumb, this is perhaps one of the best ideas you can explore today.
Traditional farming practices work, but studies in agriculture in the past few decades have yielded some very revolutionary ideas on how to grow food in a healthy and sustainable way.
One of these is hydroponics, or aquaponics, wherein you use water and not soil as the growing medium. In some aquaponic systems, fishes are grown alongside the plants to provide the nutrients for the plants.
You will be amazed at how promising and efficient this system is. But that’s not the best part—the yield is significantly fast, and you can gain your return of investment in no time. By investing in green agriculture, you are not only gaining profit but also helping the environment.
The truth is, there are plenty of amazing business ideas around. But if you’re starting from the ground up, your first consideration is the type of skills you have. Learn to prioritize and hone what you know you are good at, dedicate your time to learning without stagnating, and build a good track record.
Once you are able to create value for yourself and for others, your competence will speak for itself. As what Charles Darwin’s father advised to his young and ambitious son, “The key to success is in exciting confidence.”
Start doing today.