Have you ever wanted to make a lot of money in one day but don’t have the time? Are you a teen or a kid in school with no cash? You can be a young entrepreneur in your school. This short list of idea’s are going to help you make a few easy bucks!
Steps
- Establish a market. Observe what people need normally in school? Of course, its pens, paper, pencils and you know all that other stuff. Know that they also need snacks and drinks too.
- Buy popular candy that other kids or teens at your school likes.
- Start stocking your commodities. Store it in your backpack, pockets, or locker. Lets say gum is what everybody in your school wants but they aren’t able to buy it. All you need to do is go to the store and buy a pack of gum.
- Set your prices lower than what you can get at the store, if you can. You might not be able to, but you are selling convenience as well as your items. Charging a little bit of profit is acceptable. If it’s higher, then people will just go to the store, rather than buying from you. Say it costs 75 cents. You will have to raise the price by 10-20 cents to achieve profit.
- Sell it fast. You should sell these to the rest and use the money obtained to repeat the previous step. If you have enough money, take higher risks, go to a wholesale store that sell things cheaper than normal stores and buy a whole box of gum instead, there may be 25 to 30 packs of gum in one box.
- Protect your earnings. Since you are well known as a young entrepreneur in your school now, you may be a target of those thieves in your school. You may want to employ a trustworthy “bodyguard” near you so that he will take care of the money while you will serve the customers.
- Be innovative. Now that you know the whole process, be innovative in what you sell. Make the strangest item that people would ever buy. Maybe marshmallows dipped in chocolate? A pen gun? Think of something creative. Nowadays, these are the kinds of ideas the market wants.
- Get some help. Find some kids that will work for free. Use them to sell the stuff. But you be the treasurer. Even though they may be good workers, you might not be able to trust them with your money.
- Rarefy your commodities. People will want to buy from you and you only if you have items no one else has. For instance, If you were selling baseball cards, sell the good ones that people want. Also, never sell fakes. Or if you’re selling candy/gum , sell some candy from a specialty shop, or some imported candy from Japan or something.
- Be business like. Never be pleased. Remember, you are making money. If someone pays you a lot of money, take it. Just make sure you are not ripping the person off really badly.
- Keep records. Make sure you are keeping track of your earnings.
Tips
- Ask your teacher or the school principal for permission to sell objects in school.
- Stay humble
- Take a survey in the school by asking 50 students if there were “x number of objects” were sold at school for $ XXX.00, would they buy them. If only a couple people say yes, then don’t sell the object.
- If few people are buying what you are selling, by less of the object or lower the price. You can also survey the students by asking them if the price was $ XXX.00 lower, would they buy the object.
- Make advertisements, advertising people to buy what your selling.
- On your advertisements, tell the people that the prices will never be lower so people buy from you when the prices are high but then lower your prices even more to encourage more buying.
- You may want to make your advertisements on your computer so you can hang up multiple copies in your school.
- Hang up your advertisements in areas that are visited a lot by students like the washroom.
- Possible items to sell:
- Greeting Cards with your computer, for birthdays or holidays.
- Private tutoring in a subject that you you feel you can teach.
- Toys or any thing that hasn’t been opened.
- Pencils, and sell them for 25 cents ea, or five for 1$.
- A 6 pack of hand warmers and sell them for 50 cents each.
- Take your surveys at lunch break.
- Store your profits in a safe place.
- Stay humble, don’t get greedy.
- Get a receipt book.
- Don’t just buy it, make it. Sell jewelry to girls, handmade grippers to guys, cookies you made last night, whatever it is.
- Do not sell to the teachers and staff members.
- Always ask a parent first.
Warnings
- You might get in trouble for selling merchandise in school.
- Some schools don’t allow junk food to be sold.
- Always ask the principal before you sell.
- Watch yourself, be mindful not to give away stuff for free to your friends or buddies, this can result into a loss of money, instead of a gain.
Source: wikiHow on How to Make Money in School. Content can be shared under a Creative Commons license.
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