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5 Ways You Can Make Money As A Teen in 2021!

In the previous blog post I wrote, I discussed the 70-20-10 rule, which is a budgeting rule used to help people decide how much to spend and how much to save. Perhaps this saving strategy doesn’t apply to you just yet, but this article could help you find a side hustle! 

From tutoring services to selling your clothes, the opportunities are endless. This list will consist of Covid friendly ways you can make money as a teen in 2021. 

 

1. Selling your clothes and accessories! 

Depop and Poshmark are just some of the apps that you can use to sell your unwanted clothing and accessories! Many people use these apps to buy or sell second-hand clothing, which is essentially like online thrifting. All you have to do is create an account, link your PayPal/bank account and begin listing your items! 

Note: Depop takes 10% commission from your selling price. Poshmark will take a $2.95 commission fee for listings under $15 and a 20% commission for listings over $15. 

 

2. Open a Redbubble Shop!

If you’re an artist, then starting a Redbubble shop may be for you! Redbubble is an online platform where artists can upload their artwork and Redbubble will create the merchandise for you. Let’s say that I have a design of a dog. Redbubble will place this design onto different products that they offer, including t-shirts, phone cases, and more. 

Note: Redbubble designers take around 10% - 30% of the purchase price of the item that they designed. 

 

3. Tutoring Service

Although the school year is over, many students are taking summer school or might need some revision on certain topics. If there is a subject that you find particularly intriguing or received good grades in, perhaps tutoring could be for you! Many companies are willing to hire you to tutor, but that may not be for you. If you don’t want to work for an existing tutoring company, you could create your own! 

 

4. Become a Social Media Manager 

Being a part of Gen Z, you have an advantage with your knowledge about social media and its algorithms. Although many companies may require you to have a degree in marketing, business, etc, you could start as an intern or begin at a smaller company. It may be difficult at first to gain a well-respected reputation, but reaching out to companies will help you. 

 

5. Invest in stocks

You can’t ensure an exact pay in investing as you are the one making all the calls, but if you have the right timing and choose the right companies, the results are rewarding. To invest in stocks, you don’t need that much money to start with. $100 will certainly be enough. If you want fast returns, you’ll require a lot of time to trade, but if you don’t have much time, don’t worry! Not all forms of investing require you to be at your computer all day. To learn more about investing and the stock market, you can check out Explorer Hop’s finance courses. 

https://explorerhop.com/collections/personal-finance 

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