Some kids still use these avenues to earn their spending money, but they are under strict parental supervision. Their clients are usually limited to close friends and family. Since learning and managing money is an important part of life, parents must look beyond traditional jobs of the past and to modern ways to allow children to earn their financial responsibilities.
The Modern Kid Entrepreneur Focuses on Children Customers
The modern kid entrepreneur is someone who knows how to serve others around them.
With the help of the internet, children can be taught the financial responsibilities their parents need to teach them. There are services online that children can utilize to establish their entrepreneurship.
One way is to buy candy online, package it, and sell it to other children. For example, they can buy bulk Jolly Ranchers candies online at SweetService.com. This is just an example. Sweet Services has any kind of candy you like. All of the name brand candies are available, they also have allergy-friendly, sugar-free, gluten-free, and even kosher candies.
The children will need treat bags to separate the candy, and someone to help them understand how to make a profit. Show them how to discover how much a piece of the bulk candy cost, along with the cost of the treat bags. Then determine how much profit they should get on their investment, and they are ready to go.
Photo credit/site https://pixabay.com/en/pick-and-mix-children-s-sweets-candy-171342/
Caution
It is important to be careful when your child is selling candy to other children. If the kids are in a group or club, it is a good idea to get their parents permission. If your child is selling candy to people they may not know well (like at a sports game or a park fair) consider inserting a slip of paper that tells the children what is in the bag. If the contents are not sugar-free or allergy-free simply place a slip of paper that advises that the candy contains sugar and could have nuts or nut products in it. If the bags are sugar-free or allergy friendly, slip the paper inside the bag.
To make this easy for your entrepreneur child by buying different color bags for each type of candy. You can even use baggies with a place to write on the bag and mark them that way. This is just a safety precaution that will help keep children from getting sick. Â Again, if the children your kids are selling to are friends or neighbors, be sure you get their permission.
Candy Buffet
The candy buffet is the modern replacement for the lemonade stand. It is easy to set up, and if you are having a yard sale, it is a perfect setting. All they need is a table, some bulk candy, serving dishes, scoops, and candy bags, Since most of the kids will want to fill their own bag, your child can charge a bit more. Set a price per scoop, and you are all set.
Finally, most candy can be stored and stays fresh for a long time. If your child is planning on doing this activity for a while, he can save money by ordering the candy in bulk and storing the candy until it is needed. This is a great way to teach your child about money, salesmanship, and responsibility.
