102 Business Ideas For Teens & Young Entrepreneurs
Starting a business as a teen may seem daunting, but there are endless opportunities that you could explore. Whether you're seeking financial independence or aiming to turn a passion into profit, entrepreneurship offers a path to achieve your goals. With some creativity and willingness to take risks, you could lay the foundation for a successful venture.
In this article, we'll delve into 10 business ideas tailored specifically for teens and young entrepreneurs. These ideas aren't just about making money; they also offer valuable lessons in responsibility, management, and leadership. If you're ready to take the plunge, read on to discover which of these opportunities might be the right fit for you.
For each business idea, we'll show you real-world examples of other teen entrepreneur businesses to help you see what it takes.
Here's the full list:
1. Start an ecommerce store ($287K/month)
Starting an ecommerce store makes a lot of sense for teen entrepreneurs because it allows you to tap into the growing trend of online shopping while managing your business from virtually anywhere. The relatively low overhead costs and the flexibility to operate at your own pace make it an attractive option. Plus, the ability to reach a global audience means your potential customer base is extensive.
Check out these ecommerce success stories to see how other young entrepreneurs have found success online.
Why start an ecommerce store?
- Minimal startup costs and overhead make it financially accessible.
- You can manage your business from your home or school, making it flexible.
- The ability to reach a global audience vastly increases your potential customer base.
How much you can make: $350 — $13,500,000/month
How long does it take to build: 120 days (?)
Time commitment per week: Min. 5 hours/week
Southern Elegance Candle Company, founded by D'Shawn Russell, started as a side hustle making around $200 per weekend at a local Farmers Market, but now averages approximately $20,000 per month in sales across their retail site, wholesale site, and Faire.
2. Start an online retail store ($173K/month)
Starting an online retail store is a great opportunity for teen entrepreneurs to dive into the world of e-commerce with minimal upfront investment. With just a computer, a domain, and web hosting, you could be running your own online shop in no time. Determine your niche and conduct thorough product research to ensure you're offering something unique and desired in the market.
Consider starting your store based on a drop shipping model, which eliminates the need for inventory storage, or sell your self-made products to add a personal touch. This flexibility allows you to manage your business alongside school and other commitments while building valuable entrepreneurial skills. For more inspiration, check out these successful online retail stores by young entrepreneurs.
Why start an online retail store?
- Low startup costs make it accessible for teens with limited funds.
- You’ll gain valuable business and marketing experience that can be applied in future ventures.
- Ability to manage your store from anywhere, providing flexibility and freedom.
How much you can make: $400 — $1,000,000/month
How long does it take to build: 120 days (?)
A high school student turned his love for LEGO into a $1.6k/month business, Summerfield's Toys, by reselling sets online through eBay, BrickLink, and Facebook Marketplace, in addition to buying and reselling brand new sets.
3. Start an etsy shop ($47.5K/month)
Starting an Etsy shop as a teen entrepreneur is a fantastic way to make some extra money while building your own brand and finding new clients. Etsy's platform allows you to sell handmade goods, vintage items, and art supplies, offering a huge market for your unique products. Plus, the experience you gain in running an online storefront can be invaluable for future business ventures.
To get started, all you need is an Etsy account, a PayPal account, a product idea, and an appealing storefront. For inspiration and success stories, check out examples like /ideas/esty-seller-business/profitability.
Why starting an Etsy shop?
- It offers a low-cost entry into the world of entrepreneurship.
- You will develop key business skills, from marketing to customer service.
- You get to showcase and sell your handmade, unique items to a global audience.
How much you can make: $100 — $750,000/month
How much does it cost to start: $1,000 (?)
How long does it take to build: 60 days (?)
Chasing Planner Peace is a planner company that has expanded from selling planner inserts on Etsy, to offering a one-stop shop customizable planner experience with over 300 inserts, a planner line, and various other related products, gaining a monthly revenue of around $25,000 at its busiest time of year.
4. Start an online community ($21.6K/month)
Creating an online community is an excellent way for teen entrepreneurs to supplement their income, make extra money, or even start a business. By building a space where individuals with shared interests can connect, you could leverage this engagement to sell products, promotions, or memberships. Additionally, running ads or charging for sponsored content within your vibrant online community could become a consistent revenue stream.
Why start an online community?
- You could monetize your passion by creating a hub for like-minded individuals, turning shared interests into financial opportunity.
- Building an online community allows you to develop leadership and digital marketing skills that are valuable in any career.
- Starting young gives you the advantage of growing your community over time, which could lead to greater long-term financial success.
How much you can make: $100 — $162,620/month
How much does it cost to start: $1,000 (?)
How long does it take to build: 60 days (?)
Time commitment per week: Min. 4 hours/week
VC-turned-entrepreneur Phil Strazzulla, who previously built a successful b2b SaaS business, shares how he bootstrapped an online review site for HR software into a viable business with over $1k monthly revenues in just 3 months through organic search traffic growth and selling high intent leads.
5. Start a niche blog ($31.5K/month)
Starting a niche blog can be a fantastic way for teens to enter the business world, engage with a passionate online community, and share their expertise on a specific topic. By identifying a profitable and underserved niche, such as fashion, video games, film reviews, or cooking, you could build a dedicated following and monetize your blog through affiliate links, brand collaborations, and more. With a passion for your chosen topic and a commitment to providing unique and informative content, you could create a platform that not only generates income but also showcases your skills and creativity.
For more details on how to kickstart your niche blogging journey, check out our resources on niche blog profitability.
Why start a niche blog?
- You could turn a hobby or passion into a source of income while doing what you love.
- Niche blogging provides the flexibility to work from anywhere, making it a great side business for busy teens.
- By building expertise in a specific area, you could enhance your resume and open doors to future opportunities.
How much you can make: $100 — $650,000/month
How much does it cost to start: $650 (?)
How long does it take to build: 60 days (?)
Starter Story grew to 1.4 million monthly visitors and millions in annual revenue by sharing the stories of entrepreneurs. Pat breaks down the early days and how he grew the business into something that changed his life.
6. Start a blog ($44.9K/month)
Starting a blog can be a fantastic way for teen entrepreneurs to supplement their income, make extra money, or even create a full-fledged business. With the flexibility to work anytime from anywhere, blogging allows you to share your passions and knowledge with a broad audience while building a personal brand. Given that 77% of internet users read blogs and approximately 409 million people view more than 20 billion pages each month, the potential audience is vast.
If you choose a niche that you enjoy and develop a solid content strategy, a blog can become a lucrative venture. By focusing on engaging content and growing an email list, you could turn your blog into an income stream through advertising, sponsored posts, and affiliate marketing. For more tips and success stories, you can visit Starter Story.
Why starting a blog?
- Minimal startup costs: Blogging requires little investment beyond a domain name and hosting service.
- Flexibility: You could write and manage your blog on your own schedule, making it ideal for balancing with school and other activities.
- Income potential: Successful blogs can generate revenue through various channels like ads, partnerships, and product sales.
How much you can make: $100 — $650,000/month
How much does it cost to start: $500 (?)
How long does it take to build: 30 days (?)
Time commitment per week: Min. 5 hours/week
Learn how one couple created a successful personal finance blog, The Savvy Couple, that now makes over $20,000 per month and has sold thousands of digital workbooks and courses, by focusing on purposeful content and optimizing their ROI with efficient time management.
7. Start a saas company ($296K/month)
Starting a SaaS (Software as a Service) company as a teen entrepreneur presents a unique opportunity to dive into the tech industry with a high-growth potential business model. SaaS companies provide software over the internet, typically on a subscription basis, making it easy for businesses to access and use valuable tools without investing in expensive hardware or software licenses. With common features like project management tools and automation engines, SaaS products deliver essential services that many companies rely on to function efficiently.
If you have strong technical skills and a knack for innovation, a SaaS company could be the perfect way to leverage your talents. Additionally, with the right marketing strategies, you could rapidly scale your business and enjoy high profit margins, as SaaS models tend to have relatively low ongoing costs.
Why start a SaaS company?
- Incredible growth potential: The SaaS market is booming, with businesses always seeking cost-effective software solutions.
- Recurring revenue: Subscription-based models ensure steady cash flow, making financial management easier.
- Low overhead: SaaS businesses often have minimal operating costs compared to traditional software companies.
For more insights and success stories about starting a SaaS company, you can check out this Starter Story link.
How much you can make: $20 — $20,833,333/month
How long does it take to build: 120 days (?)
Time commitment per week: Min. 5 hours/week
AI-powered web application, Excelformulabot.com, generates Excel formulas within seconds for a subscription fee of $6.99/month or free for five formula requests per month, resulting in $14k/month in recurring revenue since its launch in September 2022, accruing millions of visitors through word of mouth, influencer marketing, SEO, and PPC, implemented through no-code web application Bubble.io, while preparing to penetrate a B2B market and focus on B2B outreach in the future.
8. Start a micro saas ($83.3K/month)
Starting a micro-SaaS business is a great way for teen entrepreneurs to dive into the tech industry by providing targeted software solutions to niche markets. By focusing on specific problems and delivering highly customized solutions, you could differentiate yourself from larger SaaS providers and foster a closer relationship with your customers. This business model allows for flexibility and scalability, making it suitable for young entrepreneurs who are keen to make a significant impact.
To get started, you might want to check out real-life success stories or profitability insights on platforms like Starter Story, which can offer valuable guidance and inspiration.
Why start a micro-SaaS business?
- You could gain in-depth knowledge of your customers’ needs and provide precise solutions.
- It's an effective way to build long-term customer relationships by addressing unique problems.
- The business model is scalable, allowing your venture to grow as you refine your product based on customer feedback.
For more details and inspiration, you can explore how much micro-SaaS startups make or read success stories of teen entrepreneurs who have set up their own micro-SaaS businesses.
How much you can make: $117 — $1,766,666/month
How much does it cost to start: $500 (?)
How long does it take to build: 60 days (?)
SuperLemon, a WhatsApp plugin for Shopify eCommerce stores, crossed $29,000 in MRR as of July 2020, with 20,000 users from 50+ countries and 1700+ paying customers, all acquired through organic marketing strategies and a relentless focus on customer service and satisfaction.
9. Start a sales automation platform ($160K/month)
Struggling to keep up with the constant grind of sales tasks? Consider starting a sales automation platform. This business idea revolves around developing a software solution that streamlines and automates various sales processes, from lead generation to follow-ups, freeing up valuable time for businesses.
By integrating such a platform, companies can enhance efficiency, minimize errors, and focus more on closing deals rather than juggling administrative tasks. The growing demand for efficiency and digital transformation makes this an opportune moment to dive into this venture. To get started, check out some success stories for inspiration.
Why start a sales automation platform?
- Tech-savvy advantage: Utilize your tech skills to create a valuable tool that meets a growing market need.
- High demand: Businesses are increasingly looking for ways to automate and streamline operations.
- Potential for recurring revenue: Software-as-a-service (SaaS) models often offer subscription-based income, providing steady cash flow.
How much you can make: $1,000 — $1,666,667/month
How much does it cost to start: $5,000 (?)
How long does it take to build: 105 days (?)
GreenRope, a self-funded CRM and marketing automation platform with over 1,000 customers in 20 countries, was built organically and focused on creating a positive, customer-centric culture without outside investment, with an all-in-one interface solving challenges in managing sales, marketing, customer service, and operations.
10. Start an ecommerce brand ($79.9K/month)
Starting an ecommerce brand offers an exciting opportunity for teens with an entrepreneurial spirit to dive into the business world. As a teen, you have the flexibility to choose a niche that aligns with your interests, whether it's fashion, tech gadgets, or handmade crafts. By setting up an online store using platforms like Shopify or WooCommerce, you could create a professional storefront accessible to customers worldwide.
While managing inventory, marketing, and order fulfillment requires effort, the potential rewards are significant. You'll have the freedom to shape your brand identity, engage directly with customers, and scale your business at your own pace. This venture not only generates income but also equips you with valuable business skills for the future.
Visit our page for more success stories about ecommerce brands.
Why consider starting an ecommerce brand?
- Minimal upfront costs. Unlike a physical store, you don't need to invest in a retail space, reducing your initial expenses significantly.
- Flexible schedule. You can manage your ecommerce business alongside school and other activities, working at times that suit you best.
- Learning opportunities. Running an ecommerce store teaches you valuable skills like digital marketing, customer service, and financial management, preparing you for future entrepreneurial endeavors.
How much you can make: $450 — $300,000/month
How much does it cost to start: $7,000 (?)
How long does it take to build: 180 days (?)
This case study follows the story of a successful online business that has made 7.2 million dollars in sales since 2012, with profits of around 30-45%, and the founders share insights on lessons learned and tools used.
11. Become an ecommerce consultant ($680K/month)
Starting an eCommerce consultancy as a teen entrepreneur is a brilliant idea if you understand the intricacies of online businesses. As more companies shift to online platforms, your expertise in conversion rate optimization, advertising strategies, and supplier negotiations can be invaluable. You could convert your knowledge into a profitable venture that helps businesses navigate and succeed in the eCommerce landscape. For further inspiration, explore these success stories.
Why become an eCommerce consultant?
- You’ll tap into the growing eCommerce market, which means a steady demand for your skills.
- You could work from anywhere, allowing you to balance school, hobbies, and your business.
- Starting early allows you to gain experience and build a client base, setting you up for long-term success.
How much you can make: $2,300 — $8,300,000/month
How much does it cost to start: $3,000 (?)
How long does it take to build: 90 days (?)
Boundless Labs is an email marketing agency for eCommerce brands that has generated over $25 million in email attributable revenue for their clients since launching 18 months ago and currently makes around $90K per month, with plans to reach $100K per month by the end of January 2020 through client referrals, strong relationships, and hard work.
12. Start a belt buckles business
Starting a belt buckles business could be great for teen entrepreneurs looking to tap into a niche market. By designing unique, custom belt buckles, you could attract fashion-forward customers interested in expressing their individuality. Additionally, the initial investment and production costs for belt buckles can be relatively low, making it an accessible option for those just starting out.
Why start a belt buckles business?
- You could capitalize on a unique, customizable product that stands out in a crowded fashion market.
- It requires a low initial investment and offers a high-profit margin.
- You could express your creativity through unique designs while building a brand that resonates with customers looking for personalization.
For more tips and insights on starting a belt buckle business, check out this page on Starter Story.
13. Start a digital agency ($186K/month)
Starting a digital agency is a fantastic way for teen entrepreneurs to immerse themselves in the dynamic world of digital marketing, helping businesses reach their advertising and marketing objectives. Thanks to the widespread access to digital tools and resources, teens with a knack for social media, content creation, or SEO can build a successful agency from the ground up. With the digital agency market worth nearly $305B in 2020, the opportunities for growth and profitability are immense.
Why consider starting a digital agency as a teen entrepreneur?
- You could leverage your digital-native skills in social media and online marketing, which are highly valued by businesses today.
- You could start with minimal investment using free or affordable digital tools and scale your operations as you grow.
- You could work flexibly from home or school, balancing your agency work with academics or other interests.
Explore more about starting a digital agency here.
How much you can make: $100 — $3,699,632/month
How much does it cost to start: $2,500 (?)
How long does it take to build: 60 days (?)
How this founder started a $100K/month guaranteed transcription service for medical, legal, law enforcement, financial, academic and general business industries, winning the NASPO ValuePoint transcription services contract over 26 other companies and learning valuable lessons about getting a coach and getting as much PR as possible.
14. Start a marketing agency ($245K/month)
Starting a marketing agency as a teen entrepreneur is a fantastic way to utilize your creativity and tech-savviness to help businesses achieve their goals. With the rise of digital marketing, there's a great demand for fresh, innovative perspectives that you could provide. You can start small, focusing on social media management, content creation, or basic SEO services before expanding into a full-service agency.
Why start a marketing agency?
- You can leverage your deep understanding of social media and digital trends to offer valuable services to businesses.
- The startup costs are low since you can begin with just a computer and internet connection.
- There's potential for scalability—you can start as a side gig and grow it into a full-time business as you gain clients and experience. Learn more about how to start a marketing agency.
How much you can make: $1,300 — $8,500,000/month
How much does it cost to start: $1,000 (?)
How long does it take to build: 45 days (?)
A successful podcast production company that grew from one client making $15/hour to a team of 10 contractors producing over 30 shows per week with revenue of over $10k/mo, primarily through referrals and with a focus on providing high personal touch and being picky about working only with clients who are a good fit.
15. Start a digital marketing business ($119K/month)
Starting a digital marketing business can be an excellent opportunity for a Teen Entrepreneur. Not only is the field constantly evolving and exciting, but it's also relatively easy to learn with many online courses available. By mastering essential digital skills and understanding how agencies work, you could offer valuable services that help other businesses grow, opening doors to a prosperous entrepreneurial career.
Why start a digital marketing business?
- Low startup costs: With just a computer and internet connection, you could begin learning and offering digital marketing services.
- High demand: Businesses are always looking for ways to expand their reach, making digital marketing skills highly valuable.
- Flexible and scalable: Start small with local clients and grow your business to serve international companies as you gain experience.
For more insights on launching a digital marketing business, check out these success stories.
How much you can make: $100 — $1,250,000/month
How much does it cost to start: $2,500 (?)
How long does it take to build: 60 days (?)
H-supertools founder Hasan developed a set of free SEO and digital marketing tools generating $2k per month in profit using Google Adsense, affiliate marketing, selling ad spaces, and email, plans to launch a membership option, and has attained over 80k registered users and 300k monthly visits in less than two years.
16. Start a SEO agency ($113K/month)
Starting an SEO agency as a teen entrepreneur could be a smart move, providing you with the opportunity to earn substantial income while helping businesses improve their online visibility. With SEO being a rapidly growing industry, it's less saturated compared to many other fields, giving you a unique opportunity to establish a strong foundation early on. Moreover, the availability of numerous tools and resources makes it easier than ever to get started, allowing you to learn and grow your business while staying ahead of the competition. For more details on starting an SEO agency, visit this awesome resource.
Why start an SEO agency?
- You'll capitalize on a high-growth industry, positioning yourself for long-term success and potentially substantial earnings.
- It's an excellent way to develop valuable digital marketing skills that are in high demand across various industries.
- Starting an SEO agency requires minimal initial investment, making it accessible even for teens with limited startup capital.
How much you can make: $1,000 — $1,800,000/month
How much does it cost to start: $1,500 (?)
How long does it take to build: 60 days (?)
Rankings.io is a hyper-focused SEO agency that helps elite personal injury law firms dominate first page rankings and was ranked #858 in the Inc. 5000 list of the fastest-growing companies in America for 2018, with a current revenue just under $300,000 per month, with plans for a record-breaking year.
17. Start a social media marketing service ($97.8K/month)
Starting a social media marketing service is a fantastic business idea for teen entrepreneurs looking to leverage the immense power of social media for business growth. By assisting companies in enhancing their online presence, attracting more followers, and driving engagement on platforms like Facebook, Instagram, and LinkedIn, you could create and manage content while analyzing engagement metrics to fine-tune strategies for client success. This business allows for flexible hours and scalability as you acquire more clients, making it an appealing option for young entrepreneurs.
A strong understanding of social media trends and marketing best practices is essential. Investing in this business idea lets you become an indispensable asset to other businesses, leading to recurring revenue and offering both stability and growth. For more details and success stories, check out the articles on Starter Story.
Why starting a social media marketing service?
- You already know social media. As a teen, you're likely already adept at using social media platforms, giving you a head start in the business.
- Flexible hours. This business allows you to work around your school schedule and other commitments.
- Low startup costs. You generally only need a computer and internet access to get started, making it accessible and low risk.
How much you can make: $3,000 — $800,000/month
How much does it cost to start: $1,380 (?)
How long does it take to build: 60 days (?)
MeetEdgar, a bootstrapped social media automation tool founded in 2014 by Laura Roeder, has grown to $4 million in annual recurring revenue and more than 5,000 customers, with a team size of two dozen, achieved through content marketing, social media marketing, and organic search.
18. Start an automobile production business
Starting an automobile production business as a teen entrepreneur is a bold but potentially lucrative venture. This business is about designing, engineering, and assembling cars that meet consumer demands and regulatory standards. While this requires significant investment and thorough planning, the global shift toward electric vehicles and renewable energy means there's room for innovative entrepreneurs to shape the future of transportation.
You could manage every step from sourcing materials to ensuring quality control, allowing you to create vehicles that could become iconic. If you’re ready to navigate the complexities and have the resources and vision, this industry offers substantial rewards.
Why consider starting an automobile production business?
- The automobile industry is evolving rapidly, especially with the shift toward electric and eco-friendly vehicles, creating unique opportunities for innovation.
- You can turn your passion for cars into a profitable business while contributing to the future of transportation.
- Though it demands significant investment, the potential for substantial returns makes it worth considering.
For more detailed information on startup costs and success stories, check out Starter Story.
How much you can make: $1,200,000/month
How long does it take to build: 3000 days (?)
Elaphe Propulsion Technologies has revolutionized the electric vehicle industry with their in-wheel electric motor technology that can accelerate a vehicle from 0 to 100km/h in just three seconds, enabling carmakers to design truly user and mission-focused cars and work with all of the key traditional and new carmakers.
19. Start a brain exercise devices
Starting a business with brain exercise devices can be a unique and inspiring venture for teen entrepreneurs. These devices, designed to boost cognitive capabilities, focus, and memory, are in increasing demand among students and professionals alike. As a teen, you could leverage your understanding of your peers' needs and market these devices effectively, while benefiting from emerging trends in health and wellness technology.
Why consider brain exercise devices?
- The market is growing: Cognitive enhancement is gaining popularity, offering ample opportunities for innovation and profit.
- You understand your target audience: As a teen, you can cater to the needs of students and young professionals better.
- Low initial investment: Many brain exercise devices can be marketed online, keeping startup costs relatively low.
For more ideas to spark your entrepreneurial journey, check out business ideas for teens on Starter Story.
20. Start a day of week JavaScript project business
As a teen entrepreneur, starting a day of week JavaScript project business could be a smart and profitable idea. By creating personalized JavaScript projects that relate to different days of the week, you could develop fun, educational tools or apps for users. Not only will you refine your coding skills, but you'll also have the opportunity to earn extra money by marketing your projects to educators, parents, or other interested parties.
Why start a day of week JavaScript project business?
- You could strategically target niche markets, such as homeschoolers or educators, who need creative learning tools.
- Starting this business will enhance your coding skills and expand your portfolio, making you more attractive to future employers or as a freelance developer.
- This venture has low startup costs, allowing you to get started with minimal investment. For details, check out the startup costs for a day of week JavaScript project business.
21. Start a digital waste management business
Starting a digital waste management business could be a savvy move for a tech-minded teen entrepreneur. With the increasing amount of digital data generated daily, companies and individuals need efficient ways to manage and dispose of unused, outdated, or sensitive digital information. By offering services like data deletion, digital file organization, and secure document disposal, you could create a niche business that leverages your tech skills to help others.
Getting into digital waste management not only allows you to work from home but also addresses an ongoing and growing problem in today's digital age. Sites like Starter Story provide plenty of examples of such successful ventures, offering valuable insights into the process.
Why consider digital waste management?
- There's a high demand in the market. As data continues to grow exponentially, organizations need help with efficient data management and disposal.
- It's a flexible business model. You can run it remotely, manage your hours, and easily scale as you grow.
- You gain valuable experience. Beyond the money, you’re building tech-oriented skills that are invaluable in today’s fast-paced digital world.
22. Start a mattress business
Starting a mattress business as a teen entrepreneur could be a profitable venture with the potential for significant income. With an increasing focus on sleep wellness, there’s a growing market for affordable and high-quality mattresses. You could leverage your entrepreneurial skills to source materials, create innovative designs, and market your products effectively, capitalizing on trends and consumer needs.
By utilizing platforms like Starter Story for further inspiration and strategies, you can position yourself within this lucrative industry and build a successful business that stands out.
Why start a mattress business?
- The sleep industry is booming, offering vast opportunities for profit.
- You can differentiate your brand with unique marketing tactics aimed at youths and young adults.
- There’s potential to establish a recurrent revenue stream through mattress sales and related accessories, such as bedding and pillows.
23. Start an ai based excel software
Creating an AI-based Excel software opens up intriguing possibilities for teen entrepreneurs. By merging the traditional Excel functionalities with advanced artificial intelligence, you could streamline data analysis, automate repetitive tasks, and produce insightful, accurate reports quickly and efficiently. This kind of software can significantly enhance business operations by optimizing financial forecasting, project management, and other data-intensive tasks.
Why consider developing an AI-based Excel software?
- High Demand: Businesses are constantly searching for efficient data-handling solutions, giving your product a readily available market.
- Enhances Productivity: Automating Excel tasks reduces errors and saves time, making companies more competitive.
- Learning Opportunity: Delving into software development and AI technology offers valuable skills and knowledge for future endeavors.
Curious to learn more about starting an AI-based Excel software venture? Check out some inspirational success stories.
How much you can make: $23,000/month
How much does it cost to start: $348 (?)
How long does it take to build: 195 days (?)
AI-powered web application, Excelformulabot.com, generates Excel formulas within seconds for a subscription fee of $6.99/month or free for five formula requests per month, resulting in $14k/month in recurring revenue since its launch in September 2022, accruing millions of visitors through word of mouth, influencer marketing, SEO, and PPC, implemented through no-code web application Bubble.io, while preparing to penetrate a B2B market and focus on B2B outreach in the future.
24. Start a kids education business ($257K/month)
Looking to make a meaningful impact while building a profitable business? Consider starting a kids education business. This venture involves creating educational content and programs tailored specifically for children.
Whether you aim to develop an educational app, provide tutoring services, or design enriching after-school programs, the possibilities are extensive. This business idea thrives on the growing demand for quality educational resources that cater to diverse learning styles and needs. By diving into the kids education sector, you’re not only opening doors to revenue streams but also contributing to the indispensable realm of child development.
Why start a kids education business?
- You could leverage your own academic strengths while helping younger students excel in their studies.
- There is a growing market demand for innovative, interactive, and personalized educational resources.
- Forming partnerships with schools or educational platforms can amplify your impact and growth.
How much you can make: $3,500 — $1,000,000/month
How long does it take to build: 48 days (?)
Trunki CEO and Founder Rob Law turned his innovative ride-on kids suitcase design into a global lifestyle brand, selling over 4 million suitcases in over 100 countries and earning £9.5 million in 2019, by understanding his customers and prioritizing customer service and reviews.
25. Start a bridal shower catering business
Starting a bridal shower catering business can be an exciting and profitable venture for teen entrepreneurs with a knack for cooking and event planning. Imagine being the go-to person for creating memorable, delectable experiences during one of the most significant celebrations in someone's life. With meticulous planning, creativity, and a keen sense of presentation, you could transform typical gatherings into extraordinary celebrations.
A solid catering business requires investing in top-notch kitchen equipment, sourcing premium ingredients, and honing your culinary skills. The demand for personalized, hassle-free bridal shower catering is growing, creating fertile ground for budding entrepreneurs ready to make their mark in the event industry. For more inspiration, check out some success stories at Starter Story.
Why consider starting a bridal shower catering business?
- You could capitalize on the growing demand for specialized, high-quality catering services for bridal showers.
- It allows you to express your creativity through food presentation and event styling.
- You have the opportunity to make significant profits while creating unforgettable moments for clients.
How much you can make: $20,000/month
How much does it cost to start: $500 (?)
Elegante Catering founder, Nestor Nidome, details his journey from failed DJ business to a $20k/month catering company, emphasizing the importance of online marketing and customer feedback as key contributors to his success.
26. Start a mortgage loan business ($50.5M/month)
Stepping into the mortgage loan business could be your pathway to a lucrative side venture or a full-fledged entrepreneurial journey. This business entails assisting individuals in obtaining loans for purchasing homes, refinancing their existing mortgages, or finding better lending terms. Success stories of those in the mortgage loan business demonstrate the incredible financial rewards and the profound impact you can have on clients during significant life events.
Being knowledgeable about various mortgage products, interest rates, and lending regulations is essential. Building partnerships with financial institutions and staying informed about industry trends can set you up for success. A mortgage loan business provides not just financial gains but also the opportunity to support people in achieving their dreams of owning a home.
Why consider starting a mortgage loan business?
- You get the chance to make a significant financial impact on clients' lives by helping them secure their dream homes.
- The mortgage industry offers a high potential for profitability and personal growth as you develop your skills and network.
- With dedication and hard work, you could build a sustainable and rewarding career in the world of finance.
For more insights, you can explore marketing ideas for a mortgage loan business.
How much you can make: $1,000,000 — $100,000,000/month
How a mortgage broker used $1000 to grow a leading hard money and NON-QM lender, grossing over $3m and offering some of the lowest rates in the industry by specializing in private unique loan programs with the largest variety of mortgage loans and programs nationwide and closing loans within 7-10 days.
27. Start a sell motorcycle trailers business
Starting a motorcycle trailer sales business can be a lucrative venture for teen entrepreneurs with a passion for motorcycles and an interest in hands-on work. With the growing popularity of road trips and motorcycle touring, there is a consistent demand for high-quality motorcycle trailers that offer convenience and security. This business allows you to tap into a niche market, providing products that help bikers transport their motorcycles safely and efficiently while generating steady income.
If you're mechanically inclined or simply have a knack for understanding what motorcycle enthusiasts need, this business could be an excellent fit. By focusing on quality craftsmanship and building relationships with motorcycle clubs and communities, you could establish a loyal customer base and grow your business over time. For more insights, check out the pros and cons of starting a motorcycle trailer sales business.
Why start a motorcycle trailer sales business?
- You can tap into a growing market of motorcycle enthusiasts who need reliable trailers for transport.
- It allows you to combine a passion for motorcycles with entrepreneurial spirit, turning a hobby into a profitable venture.
- You have the opportunity to build lasting relationships with customers and motorcycle communities, creating repeat business and word-of-mouth referrals.
28. Become a bags manufacturer
Starting a bag manufacturing business can be a profitable and straightforward venture for teen entrepreneurs. With the increasing demand for eco-friendly products, you could produce bags made from sustainable materials like jute, canvas, and paper, moving away from traditional plastic. This not only aligns with current environmental concerns but also taps into a growing market trend.
For instance, producing durable, reusable bags not only helps reduce pollution but could also offer you a competitive edge as consumers shift towards sustainable alternatives. Starting with relatively low startup costs, you could begin small and expand your business as demand grows. To get a better understanding of what it takes to start, check out the pros and cons of a bags manufacturing business.
Why become a bag manufacturer?
- The growing demand for eco-friendly alternatives provides a ready market for your products.
- You have the chance to contribute positively to environmental sustainability, attracting eco-conscious consumers.
- Starting costs are relatively low, allowing you to test and grow your business without substantial financial risk.
29. Start a tipper business
Starting a tipper business as a Teen Entrepreneur could be a great way to earn extra income, gain valuable business experience, and build a network within your community. A tipper business involves offering disposal and hauling services, which is always in demand due to people's needs to clear out unwanted items or manage waste from home projects. By providing a reliable, affordable service, you could quickly establish a steady client base and supplement your income while still managing your school responsibilities.
Why start a tipper business?
- Easy to scale: Begin with small projects and grow as you gain more clients and experience.
- Low startup costs: You can start with basic tools and expand your equipment as your business grows.
- Flexible hours: Manage your schedule to balance work with school and other activities.
For more insights on startup costs and the pros and cons of a tipper business, check out the detailed guides on Starter Story here and here.
30. Start a foil-board business
Starting a foil-board business could be a fantastic venture for teen entrepreneurs who have a passion for water sports and want to turn that passion into a profitable business. Foil-boarding, also known as hydrofoiling, is a growing trend in the watersports industry, and there is a burgeoning market for high-quality, custom-designed boards. By capitalizing on this trend, you could not only supplement your income but also become a part of an exciting and dynamic industry. Learn more about the potential of a foil-board business here.
Why start a foil-board business?
- There is a growing market for unique, high-quality foil-boards, making it a lucrative niche.
- As a teen entrepreneur, you could leverage social media and online marketing to attract a younger, adventurous demographic.
- Manufacturing and selling foil-boards allows you to combine creativity with business, making your venture both fun and profitable.
31. Start an online store for the disabled business
Starting an online store for the disabled business is a fantastic idea for teen entrepreneurs looking to make a meaningful impact while earning an income. You could create a platform that offers products tailored to the needs of people with disabilities, thereby addressing a significant market gap. This business not only offers the potential for financial success but also allows you to contribute positively to society by improving accessibility and convenience for disabled individuals.
Why starting an online store for the disabled business?
- You could help meet an underserved market demand by offering specialized products for people with disabilities.
- Personal fulfillment from knowing your business makes a tangible difference in the lives of others.
- Early entry into a niche market can position you as a leader and innovator in the field.
For more insights on starting this type of business, check out Starter Story’s resources on startup costs.
32. Become an iridologist business
Starting an iridologist business as a Teen Entrepreneur could be a unique and rewarding venture. Iridology involves studying the patterns, colors, and other characteristics of the iris to assess health. With increasing interest in alternative health and wellness practices, you could tap into a growing market by offering personalized health assessments. Additionally, this business can be operated with relatively low startup costs by leveraging online platforms and local community events.
Why start an iridologist business?
- You could capitalize on the growing interest in alternative health and wellness practices, making it easier to attract clients.
- Iridology sessions can be conducted online or in-person, offering flexibility in how you run your business.
- With relatively low startup costs, this business allows you to generate income without significant initial investment.
33. Start an illuminated house numbers business
Starting an illuminated house numbers business is a fantastic opportunity for teens with an entrepreneurial spirit. It's a niche market that combines creativity with practical household needs, and with the right approach, it can become a lucrative side hustle. You could market your products to homeowners looking to enhance their property's curb appeal, or make it easier for delivery drivers and emergency services to locate their homes.
Why start an illuminated house numbers business?
- Low startup costs and straightforward setup, often requiring minimal investment.
- Opportunity to develop marketing and sales skills while innovating with design.
- Provides a tangible, useful product that fulfills a genuine need in the community.
For more details on the pros and cons of starting an illuminated house numbers business, check out Starter Story's in-depth analysis here.
34. Start an entrepreneurship blog ($23.2K/month)
Starting an entrepreneurship blog is a fantastic way for teen entrepreneurs to share their journey, offer valuable insights, and build a community of like-minded individuals. By documenting your experiences, challenges, and successes, you not only help others but also reinforce your own learning. This can be a fulfilling venture that allows you to grow your personal brand and potentially earn income through advertising, sponsored posts, and affiliate marketing. For more inspiration and examples, you can visit Starter Story's successful blogs.
Why consider starting an entrepreneurship blog?
- You could build a personal brand while helping fellow aspiring entrepreneurs by sharing your own journey.
- You could earn passive income through various monetization methods like ads, sponsored posts, and affiliate marketing.
- You could expand your skills in writing, SEO, and social media marketing, setting a solid foundation for future business endeavors.
How much you can make: $1,200 — $240,000/month
How much does it cost to start: $225 (?)
How long does it take to build: 30 days (?)
From blogging about the best technology ideas to earning $10K/month through paid newsletters and courses, this case study explores the journey of entrepreneur and blogger Thomas Oppong and his successful online platforms.
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