At 16, you have probably seen the flashy life of an entrepreneur and have considered starting your own business. The truth is, being a business owner is not all sunshine and rainbows. It takes hard work and dedication to become successful. But, if you want to learn how to start a business at 16, this is the article for you.
If you want to start a business at 16, you will want to find out what works in your industry, create a detailed plan, and advertise on social media. Additionally, finding your ideal customer and outsourcing work when necessary are other important tips for those looking to start a business at 16.
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Can You Start Your Own Business at 16?
You can start your own business at 16. In fact, there are many 16-year-old teenagers making thousands of dollars every month from their business. Any 16-year-old can start their own business and begin making money from it.
What Business Can a 16-Year-Old Start?
There are many different businesses that a 16-year-old can start. Dropshipping, affiliate marketing, and blogging are three of the most popular businesses for 16-year-old teens.
Each of those businesses is popular among teenagers because of the low start-up costs and ability to be run online.
Related: How to Make Money Blogging
7 Tips For Starting a Business at 16
Here are 7 tips for starting a business at 16 in 2021.
1. Find Out What Works
Look at others in your industry and see what they are doing to become successful. You will of course want to differentiate yourself from the competition. However, there are some things that just work in an industry that you can take advantage of.
Examples could be how others structure their website or even social media strategies. Maybe your competitors are posting twice a day on Instagram and they have seen amazing growth.
You could try posting twice a day yourself and see if you see similar growth.
It’s very rare that a business is completely unique with everything they do. A lot of business owners look at what has worked in the past and replicate it in some way.
2. Advertise on Social Media
Using social media to advertise your business in 2021 is an absolute necessity. It’s a way for you to market your business to millions of potential customers completely free. Paid advertising can cost a lot of money that at 16, you might not have.
For video content, YouTube and TikTok are two great platforms to use.
3. Create a Detailed Plan
As a 16-year-old business owner, there are going to be many tasks that need to be done. There’s a lot of moving parts to a business that can get overwhelming without a solid plan in place.
Creating the plan does not need to be difficult. It can simply be a list of all the things you need to do. A time frame of when they need to be completed should also be part of this plan.
Putting a time frame in place can be a great way to hold yourself accountable. It can also feel very rewarding when you complete a task and check it off your list.
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4. Make a Website For Your Business
In 2021 if you do not have a website for your business, quite frankly, you are missing out on a lot. Your business’s website is going to be the one place on the internet where people can visit to learn more about what your business is all about.
Luckily making a website is very easy and affordable using Bluehost. Typically, it can be costly to start a traditional business. Oftentimes initial start-up costs might be thousands of dollars.
But starting a website for your business only costs a few bucks a month. I have used Bluehost for all my business’s websites and have to say, they provide some of the best web hosting on the internet.
5. Double-Check Your Content
It’s important to double-check your content as a business before you put it out to the public. Even just a simple typo can make your business look unprofessional.
Ultimately, a lack of professionalism will result in you losing both money and customers. This is why it’s important to double-check your work.
But this might seem like a lot of work, right? It really isn’t if you use Grammarly.
6. Find Your Ideal Customer
Every business needs to find its ideal customer. This is a customer for which your product or service is absolutely meant for. If this person buys from your business they will receive a ton of value and feel like it was a worthwhile purchase.
As a business, you can sell to anyone willing to buy from you. However, your ideal customer will be the one who benefits the most from purchasing from you. They are the ones who are going to be returning to purchase your next product or service.
You need to find your ideal customer in order to market your product or service in the most efficient way. If you know there is someone out there who is more likely to purchase from your business, why would you not focus your marketing efforts on them?
Figure out who your ideal customer is and create advertisements that show the value of your product or service.
As you learn more about your ideal customer, you should change your marketing strategy as needed.
7. Start Outsourcing Work
At a certain point there comes a time where every business needs to start outsourcing work. As you scale your business at 16, you will want to outsource some tasks so you can focus your attention on other important tasks.
Of course, outsourcing work can be costly. This is why at first, you should not even worry about outsourcing. This is just a tip for those who have grown their business to a certain point and can afford to outsource work.
Starting a business at 16 and becoming an entrepreneur is entirely possible. Many 16-year-old teens are making six figures or more from their business. This is as much, if not more than working a 9-5 job for 40 hours a week.
It takes hard work and consistency in order to successfully create a profitable business. But if you are one who is willing to put in the time and effort to start a business at 16, go ahead and do it!
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