How to Make Money in School
Have you ever wanted to make a lot of money in
one day but don't have the time? Are you a
teenager or a child in school with no cash? You
can be a young entrepreneur in your school. Just
follow these steps..
Steps
Market things that your schoolmates
might want such as candy, snacks,
pencils, etc. .
Make a plan on how you will split your
profit, and go to your school principal
for permission. Offer to donate ten percent
of your monthly earnings to the school. This
way you can't get in trouble, and you're still
making money.
Buy popular stuff that other students
at your school like. Some things that
children might like include chewing gum,
candy, drinks and all different kinds of
things.
Start stocking your commodities. Store
them in your backpack, pockets, or
locker. Let's 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 higher than what you
paid 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, or for an
example if your school has vending machines
buy people soda and have them pay you back
plus give the returnable can back so you
make a 10 cent profit and make them pay
an additional ten cents for labor since you
are taking garbage off their hands.
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, bullies, and other students in
your school. You may want to hire a
trustworthy "bodyguard" near you so that
he/she will take care of your 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.
Have rare commodities in stock.
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 in a
notebook.
Spend all your money appropriately.
Make sure that you have fun making
a little cash but not to brag about this, or
else you will see a big decrease of buyers!
Be Sure that your school allows things
to be sold. If not, Do not take the
risk!
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