How Teenagers Can Generate Passive Income For Themselves ?

Can you create passive income as a teenager? Yes, you can make money by building revenue-generating assets before turning 18, making money from activities where you have no active involvement can be pleasing as a teenager and that is a passive income.

Passive income can be a great way to earn extra cash on the side, or even set up your own business. You don’t have to wait to be 18 years old to find ways to make money. Yet with so many different side hustles out there, it can be difficult to choose the best ones.

I will show you different ways you can earn money as a teenager. In most cases, you’ll be able to have an asset ready to go when you turn 18. Most people wait until they’re older to focus on money, but everyone wishes they started sooner.

Choosing ideas for passive income can be a little bit difficult if you don’t understand what to do or what better ideas you should be looking at. 

In this article, we highlight 11 ways you can create passive income as a teenager. Most ideas require immense dedication and patience at the beginning.

However, with the right approaches and strategies, some of these ideas can earn you passive income for months or years! Also, beginners on a tight budget can still execute some of these ideas to create passive income. 

Let’s break it down into pieces. 

1. Gaming  

Do you know teenagers can make passive income by playing games? As a young adult, you can earn passive income from gaming by transforming your pastime into a passive income stream.

Today gaming has become a profitable and popular way to make passive income online and many teens are already playing games online.

Here are a couple ways to make passive income gaming :

• Live streaming on Twitch
• Conducting Video Game Reviews
• Game Tester
• Creating and Selling Gaming Asset

You can also get paid by playing games as a teenager

Long game Saving – This is a great choice because it’s a fun way to reward you for making good financial decisions. You are rewarded for reaching your savings goals, and you get to play fun, addictive mobile app games right from your cell phone! 

VeryDice–This game pays you to roll virtual dice from your phone. Each time you roll the dice you earn a certain amount of points that can be exchanged for free gift cards. It’s 100% free to join and play.

You could also develop your own app and start making money from it once people download it. Also, through ads or sponsorship, you can increase your earnings too.

You could also create video tutorials of some sort. Consider membership also, especially on live streaming sites such as Twitch where you can teach your skills and get followers.

2.Creating Crafts

Most young people have some sort of hobby, and many of them are craft-related.You can do something you love and make an income from it! Money-making crafts are all the rage and it’s easier than ever to start your own business. All you need is your supplies, an internet connection, and some know-how to get started.

If you’re looking for a way to bring in some extra money here are some more creative crafts you could create and sell for money: 

• Digital artwork
• Knitted scarves
• Designed coffee mugs
• Jewelry,Scrunchies for hair accessories
• Hand sewn patches for jackets or backpacks
• Printable designs such as clothes and window stickers,
• PotteryBaked goods like cookies or brownies (these sell well on sites like Etsy and handmade marketplaces) and more…..

Making money selling crafts

Craft can be a great side hustle to bring in extra money because the start-up costs are low, and there are so many different crafts you can sell. It’s a perfect way to bulk up your savings accounts or even save for a vacation.Many people are willing to pay more bucks for a handmade product.

So, teenagers who enjoy this type of work shouldn’t wait. Instead, use your skills, imagination, and potential, as marketplaces are open to all teenagers around the world.

Therefore, you can put your sewing or knitting skills to good use and make some good bucks that way by selling locally or setting up an Esty account or creating your own online shop with someone’s help. It may be your adult friend, family member.

You can also create a business page on Instagram and promote your work there for friends and family to help you share and grow a following.

3. Blogging

Blogging is very similar to owning a YouTube channel.it is the process that involves creating articles, photos, and other forms of content and publishing them on a website. 

To get started blogging you have to pay for web hosting, domain and choose a good niche that particularly interests you, and invest your time and effort. 

Blogging takes time to become a lucrative passive income.You can promote your blog through social media and gain some organic traffic to your blog website, and then you can benefit from affiliate links, sponsored posts, products, and courses.

Source: How To Build A Blog Website From Scratch

4.Social Media Manager

As a teenager, you can manage other people, brand social media accounts and even other blogs. Most people look for experience when they want to hire a social media manager. So, if you have experience on social media platforms and in communication with your followers, the odds are in your favor.

The position of a social media manager requires those skills for teensagers :

• Storytelling skills
• Organizational skills
• Excellent copywriting
• Project management
• High attention to details
• Excellent communication skills
• Market research & multitasking
• Degree in Marketing or a related discipline
• Familiarity with graphic design and creative tools
• Good knowledge & understanding of social media platforms
• Ability to create and deliver original content (text, image, video).

How To Become A Social Media Manager?

If you are interested in this job , the best way to start is joining an online professional group such as facebook, instagram, linkedIn, etc .

Those social media platforms can help you stay updated with local, regional, and worldwide news and practices and also engage with other social media managers are all essential for your progress in the industry.

After you grasp a solid foundation and you are passionate about social media management you might consider taking an online course such as:

• Udemy
• Coursera
• SkillShare 

If you can afford it, sometimes paid courses can be much more beneficial since they’re usually compiled by experts in the field.

How Much Does A Social Media Manager Make?

The amount you can make as a social media manager greatly depends on your experience.

As a teen with zero work experience you probably have to start with a lower salary and step by step you gain some experiences which you can build a strong reputation on. 

The average hourly wage for a Social Media Marketing in the United States is $53 as of October 27, 2022, but the range typically falls between $47 and $60. Hourly rate can vary widely depending on many important factors, including education certifications, additional skills, and the number of years  you have spent in your profession. 

Source: How Much Does a Social Media Manager Make?

Social media manager is a great way to create passive income for teens that don’t mind spending a lot of time on social media or the computer.

5. Charging Scooters

Whether you’re trying to make a little extra cash to help you get by until payday or you want to boost your savings to get one step closer to a major purchase. As a teenager, there are a host of opportunities in the gig economy to find a side hustle that fits your schedule.

Electric micro-mobility vehicles (like scooters and bikes) have become popular transport solutions in megacities across the world and charging them is an excellent way to create passive income for teens.

Lime and Bird are both companies offering electric scooters for low-cost rental by the public for use in cities. Lime and Bird pay between $3 and $20 for every scooter you charge. 

How Can I Get Started?

To start earning income from charging scooters,signing up to be a Lime Juicer or Bird Charger is as easy as filling in a simple form on the company’s website to fill the information required .

Each company also specifies that you’ll get paid right away –Bird goes on to explain that you’ll be paid each morning for the charging you did the previous night. Each company will provide you with a certain number of chargers so that you can plug the scooters in at home and charge them up.

What is required? 

General requirements include having a smartphone to access the app, a vehicle large enough to carry the scooters to your home for charging, and access to electrical outlets to do the charging.

How much do you make charging scooters?

The amount of money you make depends on where you’re located and what time of day you’re charging, the number of scooters you charge, and popularity amongst scooter owners, among other factors. 

Imagine you get $4per scooter and charge 10 of them every night. You can make $40 per night or $1,200 per month without doing much. 

6.Washing Cars

Washing cars is a great way to be your own boss and set your own hours. You will need to invest in some supplies, such as a hose, buckets, sponges, and soap. You may also want to buy a leaf blower to help dry the car and other materials you’ll need to get started.

Once you have your supplies, you can start advertising your business. You can put up flyers in your neighborhood like you would for a yard sale or advertise it through social media.

You might even suggest that your friends join in to make it more fun, and they can all share their earnings.

Start small by washing a few cars per week and then increase your business as you get more customers.

How Much Can I Charge?

A teenager can expect to earn around $5 to $15 per car.

The price can fluctuate based on the service, depending on whether people want interior detailing included, vacuuming, waxing the car and tires, etc.

This can easily turn into a full business you can continue throughout your schooling and after graduation.

7. Tutoring

As a student, you may feel limited by the fixed amount of pocket money that you receive from your parents. It might just be enough for your meals and you can’t afford to buy some things you’ve been eyeing or to hang out more with your friends.

Let’s say you are a good student and enjoy working with other teens, you can make money by helping other students learn your favorite subjects.Tutoring is a great side hustle for teenagers that are strong in a subject.

Many teenagers need help in understanding a subject matter. Therefore, if you have the knowledge, you can not only help other students cope with difficulties but you can also earn money by becoming a tutor.

The great advantage of this part-time job is that it is flexible and will help you gain better communication and tutoring skills.

As a tutor, you will be helping kids and other teenagers with their studies, which is even a great preparation for your life as a college student.

Clients will vary, but you can earn good money, which is why tutoring is definitely one of the best options when you’re looking for a side job.

Sometimes schools will offer tutoring services and you will report to the school for work.

Other times you may find students through an agency or privately by a parent.

As a teen, you probably won’t get paid as much as an adult, but you can still make some great money.

What Are Tutoring Requirements ?

Tutors should be friendly, helpful, and strong in the subject they are tutoring.

You can find tutoring jobs by doing a local search in your community:

• Check with local school districts
• Search in community Facebook groups
• Look at ads in the newspaper

The biggest advantage of this job is that you already possess all the tools of the trade that you need, which is your knowledge of a subject you’re good at. Although anyone might need help, not everyone will ask for it. So, just let the word out that you are a tutor looking for students in your neighborhood.

You can find tutoring clients through word of mouth or your school, but there are a lot of online tutoring websites too.

8. Creating A Niche Sites

A niche website is a website focusing on one specific topic.Creating and running a niche site has proven to be a profitable way to create a passive income source for teens. A niche website is a blog or site that addresses a specific topic that resonates with a specific audience or niche. 

This could be very general like health, more specific like mental health, or even something extremely narrow to create a specific niche.

For example, the website provides product reviews, answers questions, and offers high-quality information about Bluehost.

Audiences visit niche sites to search for information, resources, and recommendations about a specific topic so your content must appeal to them. You can create a niche by offering content on popular topics you are passionate, experienced, and knowledgeable about.

You can monetize your site and make passive income through ads, affiliate marketing, offering courses, email marketing, etc. With time, and with a couple of successful niche sites under your belt, you can earn thousands of dollars monthly as passive income. 

9. Designing T-Shirts

Do you like graphic design? Have you ever tried to design T-shirts? 

As a teenager,If you like graphic design, selling T-shirts online is a solution for you to benefit from your hobby. You just need to focus on the T-shirt design,no need to spend your time managing the printing, delivering, or marketing issues. 

Designing and selling T-shirts online is a great way to make money if you have a flair for creativity! In many cases, you can start for free, and it’s an excellent passive income option. You create your design once and sell it over and over again. And all with no shipping, inventory management, big investment, or stress.

Here are 7 companies that can help you make money by designing T-shirts online.

• Spreadshirt
• Red bubble
• Blue Cotton
• Society6
• Designhill 
• Printful
• Threadless

10. Dog Walking or Pet Sitting 

Are you an animal lover? If so, you can make extra money and enjoy doing what you love.Pet sitting or dog walking is a great part time job for a teen who loves animals and doesn’t mind spending extra time with them, as most busy pet owners are willing to pay good money to someone who will tend to their family members (i.e. pets) with great care.

Where To Find Pet Sitting or dog sitting job Jobs

There are various pet-sitting website platforms that allow you to find jobs pet sitting. They all work in a similarly effortless way that allows the pet sitter (you) to advertise your services, and the buyer (the pet owner) to browse through different sitters to see which one will suit them best.

Here are some websites where To Find Pet Sitting or Dog Sitting Jobs:

• Rover– United States
• Petcloud– Australia 
• Petsitter – United States and Canada
• Pawshake – very international including some Asian countries
• DogBuddy – UK and the list of other European countries at the footer
• MadPaws – Australia

How much pet sitting or dog walking can you make ?

According to Homeguide, the average dog walker or pet sitting can make from $12 to $15 per hour. This includes both independent business owners and those who work for a company providing this service. 

However,There are many factors that go into how much you earn as a dog walker or pet sitting. For starters, where you are located matters in terms of how you price your services. In addition, you need to look at the demand for your services in your area.

You can also pet sitting your friends’ and neighbors’ pets when they’re away for an extended period of time or on vacation.

So, if you are a pet lover or know someone who loves pets, you already know that this is one of those wonderful side hustles for teens that allows you to earn money both part-time and full-time.

11. Food Delivery Apps

As a teen, you can earn a decent passive income through food delivery apps  like ChowNow,  GrubHub , UberEats, DoorDash,Toast, TakeOut,Deliveroo, and more.

How to get started as a Food delivery?

To get started Firstly you need to have your own vehicle (car, motorbike, or bicycle) amongst other strict requirements. Secondly you need to identify the service in your area, sign up, ace the test, make deliveries, and start making money.Latest make sure you offer a tangible service because your customer service is key to the success of your food delivery service as a side hustle.

How Much Can You Make From Food deliveries?

Depending on the number of deliveries you make, your customer’s location, and other factors like tips. According to Gridwise food delivery services can help you earn $12/hour or more.

Food delivery apps are active income ideas because you are involved in the delivery process. However, it is a highly flexible side hustle you can do during your free time or over the weekend. 

Final Thought

As you can see, there are many options to create passive income as a teenager. The sooner you start building an asset, the easier it will be for you to start building wealth.

With some of the passive income sources mentioned in this article, you will be able to create a life streaming income for yourself without you having to really stress about it. It is just like a lifetime investment where you don’t have to do much work like a regular job.

Peace!!!!!

If you have any questions ask me or leave your questions below.

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