Kid Business Ideas

Last Updated: April 22, 2019

Welcome to the KidEntrepreneurship.com list of kid business ideas.

When a kid starts their first business, the main focus shouldn’t be on making a large sum of money. Instead, the focus should be on introducing children to the basics of entrepreneurship. Don’t over analyze your child’s ideas but focus on getting them excited during the creation process. Starting a business at a young age should be fun. Let your kids think outside the box.

We wrote down as many kid business ideas as we could think of but there are literally millions of ideas a child can start. That’s right, millions! Even a lemonade stand can have a hundred different variations that make the idea different such as making strawberry lemonade or only using organic lemons.

Kid Entrepreneurship encourages kids to create ideas that are related to their passions. What idea would the child want to work on every day. Starting a business is a process. If they enjoy what they’re creating, it is more likely they will pursue building out the business.

Coloring Book for Kids

Kid Business Ideas

Perfect business idea for children that enjoy drawing. Have your child create a coloring book around a theme like animals, castles, the beach, or space.

Another option is for your child to release a new coloring book each season. There can be a winter book with snowmen, a fall book with forests, and summer book with islands, and a spring book with flowers. 

After each drawing is finalized, simply scan it onto a computer to save it digitally. You can then take these drawings and upload them into a self-publisher like lulu.com

A great way to market this kid business idea is to create a social media page with posts of all the different drawings.

Photograph Family Events

Kid Business Ideas

Does your child enjoy taking pictures on their smartphone?

Then they might have an interest in starting a photography business. Before you go out and buy an expensive camera, have your child learn how to take great pictures with appropriate lighting and spacing. It is also good to learn how to edit photos on software like Adobe Photoshop. Photography lessons can be found for free online on websites like Youtube, Lynda, and Udemy.

Eventually, your kid can be shooting photos for neighborhood parties, holidays, or city and school events. A great way for your child to market their photography is to hand out business cards at the events they work to get referrals.

Homemade Tortillas

Kid Business Ideas

This is a great business idea for children that love to cook.

To start this kid business idea, you need minimal ingredients which will keep expenses low. Ingredients include all-purpose flour, salt, baking powder, and lard. There is a great recipe you can find at this website if you want to learn more.

Make sure you supervise your child when they are around hot surfaces. When cooking tortillas, they can burn quickly so your child needs to pay attention at all times.

Tortillas can be sold to family friends in individual packs of 10 or 20. Your child can also make tortillas for neighborhood events and the holidays.

 

Video Game Coach

Kid Business Ideas

Does your kid have a passion for playing video games?

Are they good at playing games like Fortnite, Apex Legends, or World of War Craft?

Well your child might be able to turn that passion into a business by teaching other kids online how to play the game. Your kid can stream with other children anywhere in the world and show them how to beat certain levels, find hidden gems, or gain more experience points.

A good internet connection and webcam will be required to provide this service.

One way your child can market their business is by messaging players who have low rank in the game to see if they would be interested in coaching services.

Rent Out Your Drone

Kid Business Ideas

Do you have a drone?

The use of drones are on the rise and have become a trendy activity for kids and even adults. A great business for a kid who owns a drone is to teach classes on how to use it.

The classes should be held in an open, secure area like a park or farm. Don’t be around a public area since the drone can become a liability. 

After teaching someone how to use the drone, you can rent it to them on weekly intervals under your supervision.

Marketing can be accomplished through flyers on doors around the neighborhood.

Wax Neighbors’ Surfboards

Kid Business Ideas

Does your child enjoy surfing?

Waxing a board can be a hassle. Every surfer wants to always have a clean board with good grip. A great business idea for kids is to have your neighbor’s drop off their board to your house once a week so your child can put on a fresh layer of wax.

Your child could even resell surf wax. No surfer likes getting into their car in the morning to realize they forgot to buy wax. Another idea is for your kid to make surf wax!

Waxing surf boards is a great kid business idea since it has minimal startup costs. You just need wax…

A great way to market is to appraoch surfers in the parking lot, with a parent, who just got out of the water and promote your service.

World Cup Shirts

Kid Business Ideas

Does your child enjoy soccer?

 Similar to the Olympics, the FIFA World Cup is a popular event for people to watch all around the world. Fans become very passionate for their teams and are willing to dress over the top to express their support.

Every four years, a great business idea is creating fan clothing with the branding of popular countries. Have clothing ready for passionate fans in countries like Brazil, Argentina, Mexico, U.S.A, Germany, Spain, England, Italy, and France. 

If your lucky enough to live in the host country of the FIFA tournament, then go to the stadiums to sell your merchandise.

Beach Parking

Kid Business Ideas

Do you have a house or vacation home by the beach?

Finding parking can be troublesome especially at popular locations such as Newport Beach and Sunset Beach, CA. If you have space available on your property, have your child sell parking by the hour.

You could even upsell your customers with a car wash or store their cold food in your refrigerator while they are in the water.

Another upsell is deliverying refreshments to them on the beach! People would love to have sandwiches and water delivered to them as they layout on the sand. 

Make Slime

Kid Business Ideas

Slime has become extremely popular toy among children. It is simple for a child to create, can be made at home, and the materials are a small expense.

If your child enjoys making slime, have them sell it online. Think of creative ways for them to make their slime unique to differentiate from the competition.

For example, maybe they can create glow in the dark slime, magnetic slime, or environmentally friendly slime. They could brand the slime for different countries and sport teams.

Watch this video to learn how to make slime.

Walking Sticks

Kid Business Ideas

Do you live in the mountains or by popular trails?

Your child has probably gone on hikes with you in the surrounding area and gone camping during the summer. A popular tool to have on hikes is a walking stick. Your child can start a business making custom walking sticks.

The startup costs for this kid business is next to nothing if you have available sticks around your house. Make sure your child understands how to carve with a knife so they are protected.

Take time to sand down the sticks and polish the wood. Maybe add leather around the grips or a pouch to hold your smartphone. 

Horse Sitting

Kid Business Ideas

This kid business is perfect for children passionate about horses!

Do you live in an area with a high density horses such as Kentucky ?

Your child can horse sit while neighbors are busy or go on vacation.

It is important that your child is already comfortable around horses and understands how to be safe. An adult should always be present for proper supervision.

The startup costs can be minimal since you can require your customers to provide horse food and other required materials.

 

Babysitting Service

Kid Business Ideas

A classic first business for children to start is babysitting.

Babysitting is a great source of income for teenagers.

If your child is interested, they should be CPR certified and know how to use the heimlich maneuver for emergencies. The American Red Cross offers CPR certification classes in your community. Look on their website for more information. Your child should own a cellphone for calling 911.

Reach out to friends and family members to offer your service. Eventually, your babysitting service will be spread by word of mouth.

Fortnite Channel

Kid Business Ideas

Is your child always playing the game Fortnite?

They might be able to make money while they play.

Nowadays, it is very popular to stream live games on platforms like Twitch and Youtube. If your child is good at games like World of Warcraft or Apex Legends, they might be able to create a following and create a business to monetize the traffic.

For this business, you will need to invest in a good streaming camera and microphone. Learn how to post on these streaming channels and what you need to do to make your video content different. 

There are millions of children playing these games. Why should people watch your videos? Be creative!

 

Beach Kites

Kid Business Ideas

Does your child enjoy flying kites?

Kites are relatively simple to make and are used all around the world. You just need to find a windy place with no lightning.

Kids can start this business with minimal expenses and use their creativity to make different designs. You could make custom grips to hold the string or use bright neon colors for the sail.

Your child can sell the kites at your local beach on windy days or at a local park. Determine a price that will be affordable for kids.

This kid business idea is perfect for all ages. 

Chess Pieces and Boards

Kid Business Ideas

Does your child enjoy playing chess?

Chess is a board game that is played all around the world. Some great chess players include Magnus Carlsen, Bobby Fischer, and Mikhail Botvinnik.

If your kid is passionate about playing chess, have them create custom chess boards and pieces. The boards and pieces can be created in a variety of ways including carving wood or using ceramics.

Market this kid business idea with stunning backdrop pictures on Instagram or Twitter.

Hair Accessories

Kid Business Ideas

Does your daughter enjoy styling hair?

Making hair accessories is a great kid business idea for young girls.

Hair accessories, such as headbands, are very popular and can be easily made with materials from your local craft store. Have your child brand their accessories with theme like always using flowers or a certain color. 

Before you begin to market, give out a few accessories for free to your child’s friends to get their feedback on the design.

Bake Cakes

Kid Business Ideas

Does your child enjoy making cakes?

A great kid business idea is for them to create custom cakes for birthdays, events, or the holidays.

Your child’s cake business could have multiple different offerings such as gluten-free, ice cream, and no dairy.

Kids should also go to the store to learn what is already available being sold by the competition and how to differentiate.

Have your child watch the show Nailed It on Netflix to learn how not to bake a cake.

Cornhole Boards

Kid Business Ideas

Does your kid enjoy playing cornhole?

A popular game for tailgating and events, your child can start a business crafting custom cornhole boards.

Have your kid paint the boards the colors of their customers’ favorite sports teams. 

Make sure your child has experience using a saw and other crafting machines. Adult supervision is required for this kid business idea.

Fish Tank Structures

Kid Business Ideas

Some fish tanks can be extravagant. They might have cool reef structures, sunken pirate ships, and a treasure chest. Your child can create custom structures for these tanks. Maybe design the pyramids in Egypt or a European castle. The ideas are limitless and is the perfect business for a child who enjoys craft building.

Car Wash

Kid Business Ideas

Another classic business, your kid can wash the outside and inside of neighbors’ cars. Make sure your kid wears sunscreen and does not get over heated. The car wash can be located at your house if you have a large property or in partnership with a local business who has a big parking lot.

Walk Neighbors’ Dogs

Kid Business Ideas

Does your child enjoy dogs? Well why not have them walk dogs around the neighborhood. Make sure your kid understands how to control a dog on a leash. Here is a great video to learn how. You should invest in dog bags so your local neighborhood is kept clean. To market, post flyers of your dog walking service on street signs around your neighborhood.

Take Out Neighbors’ Trash Cans

Kid Business Ideas

Your kid can be responsible for taking in and out the trash cans for neighbors every week. Make sure your kid is strong enough to wheel out a heavy can. If your trashcans don’t have wheels, then invest in a dolly so your child does not hurt their back. This is another business that you can easily supervise while you take out your own cans.

Create Crafts

Kid Business Ideas

Your kid can create crafts and sell them online on websites like Etsy.com. Create crafts that are relevant for current holidays. Brand your crafts be using the same materials, whether its the rocks around your house or the leaves on your trees. Choose a craft that you enjoy creating the most. Look at what is trending right now on Etsy.com for ideas on where to start.

Kid Business Idea

Build Skateboard Ramps

Kid Business Ideas

Is your child trying to get sponsored skateboarding? They might be making there own ramps and rails to practice on. If they are, a great business for them is to make ramps for friends. To market, have your child go to local skate parks to spark interest in fellow skaters. Your child can allow requests for custom colors or stickers on the ramps.

Sun Hats

Kid Business Ideas

Does your child love wearing hats? They can start a business creating their own. Create hats for different seasons. For the summer the hats can be wider to cover sun rays and for the winter the hats can have wool inside. Get creative with the designing. For example, summer hats can have floral and shell designs.

Furniture

Kid Business Ideas

For the future carpenter, a great kid business idea is to build furniture. Your child can build chairs, tables, dressers, and cabinets. Teach them how to be responsible with tools. There must be a guardian supervising at all times.

Sell Senior Possessions

Kid Business Ideas

Seniors in your neighborhood may have old possessions that they are trying to remove from their house. These possessions may old value if they are rare antiques. You can start a kid business helping seniors sell these possessions online and take a commission. Helpful websites include Ebay and Craigslist.

Coffee Mugs

Kid Business Ideas

Millions of people around the world enjoy waking up to a cup of coffee. Most of these coffee mugs have unique designs or sayings. Your child can start a kid business designing clever coffee mugs. You can design coffee mugs on websites like VistaPrint.

Detail Cars

Kid Business Ideas

This kid business idea is easy to start in your neighborhood. Simply place flyers on car windshields to advertise your service. Your child can set different pricing tiers based on the amount of detailing. There can be a window and tire cleaning package. Or a full detail package.

Summer Bags

Kid Business Ideas

Summer bags are popular accessories for women at the beach. These bags are meant to carry towels and sun screen without worrying about getting sand inside. Your child can create summers bags with bright colorful designs.

Disc Golf Course

Kid Business Ideas

If you have enough land on your property, your child can make a disc golf course. This kid business is perfect for the weekends and can be open year round or just during the summer. Make fun courses with different obstacles. Brand the discs that players use with your child’s business name and social media tags.

Dog Collars and Leashes

Kid Business Ideas

Another great kid business idea for children who love dogs. Your child can make dog collars and leashes. These can be made with simple materials on a low budget. Have your child creative with the designs. For example, on the collars include a locket where the owner can place a picture of the dog when it was a puppy.

Custom Earrings

Kid Business Ideas

Does your daughter like jewelry. She can create a kid business making custom earrings. Earrings are simple product to build. Make sure the earrings are sterile so they do not infect people’s ear lobes. Social media is a great way to promote your child’s earrings.

Relate To Their Passions

Kid Business Ideas

Above all, a business idea should be related to a kid’s passions. If a kid already enjoys something, he or she is more likely to stick with it over time. Any passion can be turned into a business idea. Remember that at a young age, an idea can become more successful if it requires limited materials to launch.

More Kid Business Ideas

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Tool Boxes

Kid Business Ideas

Does your child enjoy hanging around the garage near tools? Do they have an interest in building and making crafts.

They might be interested in starting a kid business selling tool boxes. Tool boxes can be made with materials from your local Home Depot. Have your kid make efficient areas in the box for storing different tools. There can be a safe place to store nails and an open area for grabbing a hammer.

Paint the toolbox with protective coating and create a locking mechanism. To market the toolboxes, post on social media websites like Pinterest and Instagram with related hashtags. 

Your child could even customize hard hats for construction workers. 

 

Dog Houses

Kid Business Ideas

Does your family own a dog?

Dog houses are a popular accessory to own that can also be used as decoration. Your child can start a kid business making dog houses. Have your child design the dog houses around the current theme of the customer’s home. If they have a red tile roof, then use tiles on the roof of the dog house. If the customer has a blue house, paint the dog house blue.

Adult supervision will be required since your kid will be working with construction materials.

Your child’s first customers might be right on your street!

 

Give Reviews of Kid Products

Kid Business Ideas

All companies value reviews of their products since it is a key metric to understanding their performance in the marketplace.

Businesses especially love a review when it comes from their target market.

Your kid can review the pros and cons of different kid products and earn money through affiliate programs.

Have your kid simply email businesses that sell youth products to see if they would be interested.

Cuff Links

Kid Business Ideas

A simple kid business idea is to make cuff links.

Cuff links can be created with materials from your local craft store.

Have your child make unique cuff links. For example, you can create cuff links with shells during the summer. 

Carve your initials into the cuff links for branding. 

 

Clean Boats

Kid Business Ideas

Do you live in a neighborhood near a lake? Do most of your neighbors own a boat? Cleaning boats is a great kid business idea for this type of environment. Make sure your child cleans the boats when the temperature is not too hot outside so they don’t overheat. Always apply sunscreen. To market this kid business idea, post flyers near the boat gas station on the lake.

Car Antenna Accessories

Kid Business Ideas

Have you ever seen cars that have fun decorations on their car antennas? Your child might laugh at some of the crazy designs. A great kid business idea is to start selling custom made antenna accessories. You can create accessories for different holidays like a red light bulb for Rudolph or a turkey for thanksgiving.

Blog

Kid Business Ideas

Does your child enjoy writing? Have them start a blog. Blogging is a fantastic past time that allows children to reflect on their thoughts and write about their passions. Once your child builds an online following, reach out to companies to advertise on your website.

Pet Sit for Neighbors

Kid Business Ideas

Does your child enjoy fishing? Then this kid business idea will be perfect for them. Have your child create custom fishing lures. Maybe your kid knows the best place to put hooks in the lure or the best colors to use. Your child can even test the designs they create by going to your lake to see if they attract fish.

Pet Sit for Neighbors

Kid Business Ideas

Paying a center to take care of your pets on vacation can be expensive. Especially for families that consistently travel. Your child can advertise their pet sitting service in your local neighborhood. Make sure your child is safe around the pets and understands how to properly take care of them.

Trick or Treat Buckets

Kid Business Ideas

Is Halloween around the corner? Parents will sometimes buy their children decorated buckets so they can store their candy as they walk around the neighborhood. A kid business idea for your child can be creating trick or treat buckets. One bucket design can be to make it look like a pumpkin.

Mothers Day Cards

Kid Business Ideas

Is Halloween around the corner? Parents will sometimes buy their children decorated buckets so they can store their candy as they walk around the neighborhood. A kid business idea for your child can be creating trick or treat buckets. One bucket design can be to make it look like a pumpkin.

Start a Podcast

Kid Business Ideas

Does your child excel in communication? They might find success in starting a podcast. Before you begin this kid business, think of a what the focus of the podcast will be. Don’t have your child just talk about random subjects each recording. Instead, have your child focus on local sports or successful kids in your city. After your kid has created a following, reach out to local businesses to see if they would be interested in advertising.

Decorate Chargers

Kid Business Ideas

Does your child enjoy decorating their phones and other devices with gems? They could start a kid business doing this for their friends and family members. This kid business idea requires minimal expenses and materials can be purchased from your local craft store. Any device can be decorated… even computer screens!

Garden Decorations

Kid Business Ideas

Another creative kid business idea is to make garden decorations. Your child can make numerous designs from a butterfly, hummingbirds,  fake flowers, and garden gnomes.

Slime Youtube Channel

Kid Business Ideas

For this kid business idea, the whole focus is on how create engaging slime videos. Film your child when they are making a new type of slime. Have videos that show how slime reacts to different enivroments. What happens when you leave slime in a car all day? What happens when you leave slime in water for a week?

Backpack Patches

Kid Business Ideas

Kids love to have unique clothes and accessories. A great way to personalize accessories, like a backpack, to put on patches. These patches can express each kid’s personality. Some patch sayings could be “I’d rather be surfing” or “Dog Ate My Homework”. Test out which sayings would be the most popular among your friend group.

Maple Syrup

Kid Business Ideas

Do you live in New England or Canada and have sugar maple trees in your backyard. Why not create a small home-made maple syrup operation. This will take practice before you understand the process and refine your recipe. However, it can be an enjoyable experience for you and your child to work on. The expression, Money Doesn’t Grow on Trees, might not hold up for this idea!

Drink Coasters

Kid Business Ideas

Drink coasters are very common in homes and restaurants. This kid business idea is great for a child who enjoys crafts. Pick your desired material and create unique designs. Your child can even create branded coasters for local restaurants. Approach the restaurant with a sample design to see if they would be interested in purchasing your coasters.

Clean Golf Clubs

Kid Business Ideas

Do you live in a community with lots of golfers? Golfers love to keep their equipment clean. Have your child start a golf club cleaning business. Simply have golfers drop off their clubs at your house and do a turnaround of service within 24 – 48 hours. Invest in business cards at VistaPrint.com and tell each customer to hand them off to their golfing friends.

Sandy Feet From Beach

Kid Business Ideas

Do you live by the beach? Going to the beach is relaxing but the worst part is having to walk back into your car and put on your shoes with sandy feet. Unfortunately, most beaches don’t have showers available. Unless you live right on the beach, then bring a tub of water to a beach parking and charge people $1.00 to get their sandy feet washed off.

Calendars

Kid Business Ideas

Most calendars have amazing pictures of different scenes of nature and animals. Your child could start a business creating custom calendars. Have them pick a target market and then brand the calendars for that audience. They could target dog enthusiasts with different pictures of dogs playing.

Clean Pools

Kid Business Ideas

Is your child already cleaning your pool as a chore? Then it might be time for them to put that skill to good use. If you live in an area with lots of pools, then your child can start a small pool cleaning business. It can be as simple as just picking out the leaves and sticks that fall in. Research what professional pool cleaners charge before you set your price.

Maintain Neighbors’ Yards

Kid Business Ideas

Your kid can water flowers, rake leaves, shovel snow, and mow the lawn. Remind your kid they should always wear protective gear and sunscreen. This is a great first business to start as you can supervise them while you maintain your own yard. If you don’t feel comfortable with your child using a lawn mower, then invest in a push mover. It will build muscle!

Run Recycling Program

Kid Business Ideas

Your kid can collect bottles from neighbors and dispense them for money at local recycling centers. Make sure your kid wears protective gloves so they do not get cut from broken glass. You could create a business model where each house rents a small trash can from you that is specifically for plastic and glass bottles. Then to encourage them to recycle, you can say you’ll give them back 25% of the profits you make at the recycling center from their bottles.

Lanyards

Kid Business Ideas

Lanyards are popular for holding keys or cards. There are usually made with different designs like colors of sport teams, universities, or even promoting a cause. Lanyards are relatively simple to make which make them an easy product for kids to sell for their first business. You could think of a relevant issues in politics to use on lanyards. To sell this idea, it might be helpful to post a table in an area with high foot traffic so you can increase your selling chances.

Chicken Coops

Kid Business Ideas

There is a growing trend towards eating organic food. You might have people in your neighborhood that are interested in having a few chickens in their backyard. If you are familiar with designing chicken coops, then pass down the knowledge to your child as a first business. To market, your child can create toy models of different chicken coop designs so customers have a better idea what to buy.

Identifier Tags

Kid Business Ideas

It seems that everyone has the same black suitcase at the airport nowadays. You need a way to differentiate your bag to make sure someone doesn’t accidentally take it at the baggage carousel. Your kid can start a business creating custom identifier tags. This idea is perfect for a creative child since there are limitless design possibilities.

Friendship Bracelets

Kid Business Ideas

Friendship bracelets are very popular among children. If your kid enjoys making them, they can start a business by selling custom friendship bracelets online. Use different colors for holidays and sport teams or you can focus on using recycled materials.

Start Crowdfunding Campaign

Kid Business Ideas

Assist others in raising money online. If one of their ideas requires additional capital, help them create a crowdfunding campaign. Remember in order to make your campaign successful, you need to have great content and get traction through your current network. Go onto websites like KickStarter.com to view current campaigns that are successful.

Make Car Games

Kid Business Ideas

Are we there yet? A parent knows that children need to be entertained on long road trips. Your child can create a business selling car games. Have them think of creative games that requires minimal pieces to play. To help think of ideas, have your kid think of existing games and how they can be modified for the car.

Still can’t think of a kid business idea?

Don’t have your child spend too much time thinking of their kid business idea.

This will be their first kid business so explain to them that the expectation is not for them to create the next Facebook or Nike. Kid entrepreneurship is similar to painting portraits or playing baseball. It will take time in order for them to get better and refine their business skills. The first time you paint a painting you probably aren’t expecting it to be displayed in an art museum. Similar to the first time your child picks up a baseball bat, you aren’t expecting them to be drafted by the Los Angeles Angels of Anaheim.

Have your kid choose an idea that requires minimal startup costs. The idea should be something they would enjoy working on every day. If your child doesn’t like cooking, then don’t suggest that they start a neighborhood bakery. One of the best things about entrepreneurship is that it can be applied to any activity. For example, if your child enjoys playing video games then suggest to them that they start a Youtube channel that focuses on how to beat difficult levels or gain experience. They could even start a website that reviews new video games.

There are limitless kid business ideas that can be applied to any passion.

After your child chooses an idea, you need to start creating milestones for them to achieve. For example, there can be milestones for buying all their build materials or completing their first prototype. Your child’s end goal should be to make at least one sale to a stranger. It marks the official launch of your kid’s idea into a real business.

How do I know if someone already has my kid business idea?

Most likely, another kid in the world probably has the same idea as your child. Especially, if your kid’s business idea is something common like a lemonade stand or car wash. However, this should not impede children from starting a business.

Remember that your child should not be trying to create the next Toyota or Walmart. They are trying to learn about the art of kid entrepreneurship. No matter your child’s business idea, they will always have some degree of competition in the marketplace. Competition is actually a good thing because it shows that someone else saw the value in their idea and was able to sell it to customers.

If you are interested in researching similar kid business ideas, simply type your child’s relevant keywords into a search engine to find competitors. Reach out to competitors if they have a website or social media account for feedback. Usually, they will response since your a kid entrepreneur. 

Should I tell other children about my kid business idea?

 Don’t worry about someone stealing your kid business idea.

If you are concerned, there a document called a Non Disclosure Agreement (NDA) that legally binds someone from information you disclose.

However, since children cannot legally be bound by a contract that they signed, this is pointless.

Sharing your kid business idea is actually good for you. Why? You get the opportunity to receive valuable feedback. 

Do not be scared to tell people about your idea.

Business is built upon connections. Who knows… maybe the person you tell your kid business idea knows someone who can help you. For example, you might be speaking with someone who has a large social media following who can post about your business. 

Get the word out about your kid business idea. Don’t hold back.

Does my kid business idea require a permit or license?

Depending on your kid business idea, you may be required to have a permit or license to sell your product or service.

Have your child look on your city’s website to review regulations.

If you still have questions, consult with an attorney. Legal Zoom is a great resource for you and your child to ask questions on business regulations.   

What kid business ideas have the highest chance of being successful?

 Any kid business idea can be successful if there is demand for the product or service.

However, as a child the best kid business ideas are the ones that have minimal expenses or service customers that are close to the child’s home. Adults want to support businesses started by children as an act of goodwill.

Selling your product by door knocking is usually warmly received by neighbors when you are a child. When you door knock, you also get to build a relationship with your neighbors and you can easily ask for feedback or repeat sales. When you approach a neighbor, it also helps to have samples of your product for interaction. 

What kid business ideas should my child avoid?

 

Kid Business Idea – High Cost

Every business requires costs to get started.

However as a child, you can increase the likelihood of your kid business idea being successful by having minimal expenses.

You don’t want to start a kid business idea that requires $15,000.00 to get off the ground. Starting small is a big lesson to learn in kid entrepreneurship. Build a few prototypes of your product and try to sell them before you invest more money. 

If your child is persistent on an idea with high costs, do not discourage them. Instead, have them complete a cost exercise.

The exercise is finding a way to start a kid business idea with only $200.

For example, let’s say your kid wants to start a neighborhood bakery.

First, start off by identifying their biggest cost for the kid business idea, building rent. Ask them if there is an alternative to having to pay thousands of dollars a month to operate out of a building. They might say they could sell out of a food truck. That’s a great suggestion! Your child has thought of a way to bring down their costs.

Next, ask your kid if there’s a cheaper way to operate the neighborhood bakery. Do you have to sell out of a truck? After all, a truck requires you to pay for gas, truck payments, and insurance. They also are only operating in one neighborhood. Why do you need to have a truck for one neighborhood? After continuing to break down costs, your child might realize the cheapest way to start is to cook inside your kitchen and deliver the baked products to homes.

 

Kid Business Idea – Long Build

A common mistake that first time kid entrepreneurs make is spending too long building their kid business idea.

If your child builds for too long, they won’t get feedback from their customers regarding what they want in a product or service. No kid business idea is ever perfect. It will probably take multiple revisions until a prototype is ready to be sold. Have your child focus on building a beta version of their product or service that can be put in front of customers for feedback.  

A kid business idea shouldn’t take longer than 3 months to build.