Teach Your Children To Become Entrepreneurs During the COVID-19 Lockdown

Schools across the country have closed down for more than half of all children in the U.S. due to the COVID-19 outbreak.

Millions of children are affected by the closure of 64,000 schools that currently enroll 32.5 million students.

We are now faced with a situation where our students have plenty of time on their hands.

The question is, what do they do with their time?

When it comes to academics, there are school districts that are moving towards online learning. Students can log on based on a set schedule for online classes with instructions given to parents to check on assignments.

But how about the other schools that have not gone the online instruction route yet? What will the students do in the meantime?

Binge-watch Netflix?, you might have heard of the free 30-day trial given by Netflix and now may be a good time for you to try it out.

Spend time on YouTube or playing online games? There is nothing wrong with this, but wouldn’t it be great if you also give time to things that are productive?

We take a look at various ways on how to train your children to make money during the lockdown situation.

This may be the right time to teach our children entrepreneurial skills that they can apply in the future. The lockdown gives parents the chance to teach the value of business and entrepreneurship.

One of the best things about starting a business is that age doesn’t matter. You only need a good business idea to get started.

Playing Video Games/Take Surveys/Watch Videos

We share some tips given by popular YouTuber Digital Millionaire on how to make money as a kid during the lockdown.

Your children would surely love this. Imagine earning money just by playing video games? There are only a few who would say “no” to this proposition, especially during the lockdown.

If gaming is not your thing, you can share your opinion to help companies deliver better products by answering surveys and getting paid in the form of gift cards or cash.

You need to answer a ton of surveys to make a decent amount of cash, but what else do you plan to do during the lockdown that can earn money?

Swagbucks is a rewards site that pays you for taking surveys, playing games, and cutting coupons. The best deal so far when redeeming swag bucks is the $5 Amazon gift card, which can be claimed with 450 swag bucks.

Survey Junkie is one of the biggest survey sites on the net with over 10 million active members. You can join for free and earn points by completing online surveys. Each survey can give you 200 to 7,500 points, which translates to $2 to $75 per survey. You can cash out your points via Paypal or choosing an e-gift card once you get to 1000 points.

MyPoints is an alternative to Swagbucks with almost the same features since the same company owns them. For every 700 points, you earn you get $5 credit towards a gift card of your choice. To cash out via Paypal, you need to accumulate 3,500 points, which is equivalent to $25. You can earn points by shopping online, reading emails, watching videos, playing games, referring friends, searching the web, printing coupons, finding deals, and discovering content.

Flip Products on eBay

For the business-minded parent and child, this could be a fun project to do during the lockdown.

You can start with a budget of $20 to $50 to find bargain items that you can resell for a profit.

If your child loves bargain hunting in flea markets, thrift shops, and yard sales, this can be the start of a profitable reselling business.

With the budget mentioned above, you can flip items and make around $100 to $300.

Sell Baked Goods Online

If your kid loves to bake, why not earn from the hobby during the lockdown?

You can set up a Wix website at $33 a month and start selling baked goods online. $35 worth of supplies will net you around $180 just by selling cupcakes and cookies.

You help your child’s business by promoting the online shop to friends and family on social media. Paypal is a convenient way to get paid.

Start a YouTube Channel

If your kid watches YouTube a lot, then he or she will most likely know about Ryan’s Toy Review. The YouTube channel was started by a four-year-old who was a fan of watching toy reviews and decided to start a channel of his own.

Ryan is now seven years old, and his channel just earned a whopping $22million last year.

Now is the best time for your kid to start a YouTube channel. Help on deciding a niche that your kid loves and think of a concept for a channel from there.

You can start a baking channel, video game channel, or even come up with a toy review channel of your own with a new spin to it.

Car Wash Service

If your child loves cars and trucks, starting a car detailing service business is a good idea. People are willing to pay $50 to $125 for their vehicles to be detailed, especially now that most of their cars are in their garages due to the lockdown.

Basic car detailing includes a car wash, polishing, vacuuming, and window washing.

You can start with the family car, so it can serve as a before and after model.

If car detailing is too complicated for you, you can always stick to the tried and tested car wash service and make money from it.

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