I'm trying to start a new company/shop but to do that I need at least 50,000 dollars to buy building, renovate, make products, buy stuff like registers and cammaras.
I don't want to take out a loan that I might not be able to pay back or just start small and in 1 year finally make 1,000. The only setback is I'm 11.So that means no driving, no being alone, and no talking to strangers.
So I know it nearly impossible to make 50,000 dollars fast as a 11 year old but there might be a way so that is why I'm asking.
Lemonade stands are illegal with a permite that cost 100 and with a lemondade stand you wouldn't be able to make money unless it summer and it doesn't bring in much profit.
Um no joke dude. I'm very determend. There is a way just not many people know it. Actually you could make 1 million dollars by posting 700,000 (More or less) books on kindle for 2-3 dollars. You could create a Iphone app. You could enter in a tourdement. There are ways just not easy ones.
Um no joke dude. I'm very determend. There is a way just not many people know it. Actually you could make 1 million dollars by posting 700,000 (More or less) books on kindle for 2-3 dollars. You could create a Iphone app. You could enter in a tourdement. There are ways just not easy ones.
Are you able to publish 700,000 books? Can you code an iPhone app that people would actually enjoy? Are you able to enter tournaments?
Lemonade stands are illegal with a permite that cost 100 and with a lemondade stand you wouldn't be able to make money unless it summer and it doesn't bring in much profit.
Sell the lemonade in the black market. Criminals get extremely thirsty.
Well 700,000 more or less if 1 person buys your book. Or am I thinking of something else? Anyway I don't have a kindle though. Is that possible to do on amazon?
Well 700,000 more or less if 1 person buys your book. Or am I thinking of something else? Anyway I don't have a kindle though. Is that possible to do on amazon?
You must be a heck of an author. Plus, I'm pretty sure there's some fees that you have to pay to get your book added.
Do you know how to file taxes? Are you prepared to invest dozens of hours weekly? Can you drive to work? Can you take time off from important things such as scho-
IF I estimate 1 book sell for 2 dollars with the website charging 30% of profits thats would give me $1.40 every sale.
1 sale every book means, 1 book/story = $1.40
I punch those numbers into a calculator I end up making 35715 books before I make $50,000.
But thats only if 1 person buys every book/story I make. Lets say on avarge 5 people buy it.
That means I would get $7 dollars every book. Punch those numbers in and you only have to make 7142.
Do you know how to file taxes? Are you prepared to invest dozens of hours weekly? Can you drive to work? Can you take time off from important things such as scho-
Oh wait, you can't.
Because you're eleven.
Why are you talking to me like I don't know what taxes are or how it will take a lot of time or how I can't drive to work or miss school! I taken those all into acount!
Even if you were some form of child prodigy, you cannot legally run a business at eleven.
Period.
Actually it's illegal to get employment from someone else. Selfemployment is legal. Also private employment is also allowed to just so you know. (Like raking leaves and stuff)
IF I estimate 1 book sell for 2 dollars with the website charging 30% of profits thats would give me $1.40 every sale.
1 sale every book means, 1 book/story = $1.40
I punch those numbers into a calculator I end up making 35715 books before I make $50,000.
But thats only if 1 person buys every book/story I make. Lets say on avarge 5 people buy it.
That means I would get $7 dollars every book. Punch those numbers in and you only have to make 7142.
IF I estimate 1 book sell for 2 dollars with the website charging 30% of profits thats would give me $1.40 every sale.
1 sale every book means, 1 book/story = $1.40
I punch those numbers into a calculator I end up making 35715 books before I make $50,000.
But thats only if 1 person buys every book/story I make. Lets say on avarge 5 people buy it.
That means I would get $7 dollars every book. Punch those numbers in and you only have to make 7142.
Actually it's illegal to get employment from someone else. Selfemployment is legal. Also private employment is also allowed to just so you know. (Like raking leaves and stuff)
One cannot sign a legal document at the age of eleven.
Sorry, but I laughed so hard when I read your trying to start a business when your eleven (not being ageist or anything).
Look, it is physically impossible to start a business when your 11. I very much doubt an investor or landlord will take you on seriously without ripping you off. Then you also need to keep up with your school work because no decent company will take on anyone who failed at school. You will also need to juggle your school life, social life (trust me, this is important when your 11, even if I'm 14 I still no how important this is) and your work life.
I recommend you just save up your pocket money, maybe get a part time job and just save up as much money until you have your qualifications and licenses to start a business. Then your only problem is that everything will be sold on the internet and we will start a nuclear war over oil.
Well to me age is only limiting the power you have and putting a label on people. The truth is you can be as mature and proffesional and smart as you want to be. Age limits are just saying this is the normal amount of maturity and intellagence most 11 year olds have (Not a lot btw only few are mature). So they put limits on them to make sure they don't do anything stuiped. But the few that are treated like mature people want to start something. It may be near impossible but not impossible.
Do like the GirlScouts do- Sell as many cookies, candies, and for that one year, calenders, as you can.
Laugh all you want, back when I was just a daisy scout, we heard about the troop that used two years' cookie sales to buy a three day trip to New York City.
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I don't want to take out a loan that I might not be able to pay back or just start small and in 1 year finally make 1,000. The only setback is I'm 11.So that means no driving, no being alone, and no talking to strangers.
So I know it nearly impossible to make 50,000 dollars fast as a 11 year old but there might be a way so that is why I'm asking.
don't expect me to be on much.
Just give it up.
don't expect me to be on much.
don't expect me to be on much.
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Retired StaffHow to get the money: You don't.
Oh wait, you can't.
Because you're eleven.
1 sale every book means, 1 book/story = $1.40
I punch those numbers into a calculator I end up making 35715 books before I make $50,000.
But thats only if 1 person buys every book/story I make. Lets say on avarge 5 people buy it.
That means I would get $7 dollars every book. Punch those numbers in and you only have to make 7142.
Even if you were some form of child prodigy, you cannot legally run a business at eleven.
Period.
Why are you talking to me like I don't know what taxes are or how it will take a lot of time or how I can't drive to work or miss school! I taken those all into acount!
Actually it's illegal to get employment from someone else. Selfemployment is legal. Also private employment is also allowed to just so you know. (Like raking leaves and stuff)
You better start writing, then.
Godspeed.
don't expect me to be on much.
One cannot sign a legal document at the age of eleven.
Not within U.S. law.
And businesses require many.
Well to me age is only limiting the power you have and putting a label on people. The truth is you can be as mature and proffesional and smart as you want to be. Age limits are just saying this is the normal amount of maturity and intellagence most 11 year olds have (Not a lot btw only few are mature). So they put limits on them to make sure they don't do anything stuiped. But the few that are treated like mature people want to start something. It may be near impossible but not impossible.
(Btw I have straight A's for your information.)
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Retired StaffLaugh all you want, back when I was just a daisy scout, we heard about the troop that used two years' cookie sales to buy a three day trip to New York City.