How to Make 6 Figures as a Teenager? (15 Best Ways in 2024)

Updated: September 28th, 2022

So you want to make six figures as a teenager? Good for you! Being a teenager is a highly respectable and well-paid profession, and there's no reason why you can't earn a high income if you put your mind to it.

In this blog post, we'll look at some of the best ways to make more money as a teenager - business ideas you can start to achieve such income. Keep reading to learn more!

1. Start a digital art & design business

Digital art and design is often used to create visual content for websites, apps, and other digital platforms.

Digital art and design businesses can be either freelance or full-time.

They can work in-house for larger companies or as independent contractors for other businesses or individuals.

How much you can make: $1,200 — $30,000/month

How much does it cost to start: $1,500 (?)

How long does it take to build: 60 days (?)

2. Sell e-books

An e-book business involves selling digital books online.

To start such a business, you would need to have a website or an online platform like Amazon Kindle Direct Publishing or Smashwords, where you can list and sell your e-books.

To sell e-books, you need to decide on the type of content and set up your listings. This involves creating a cover, writing a description, and selecting categories and keywords.

Promoting your e-books is another important aspect of running an e-book business. You can use social media and online marketing strategies to reach your target audience.

Offering promotions and discounts can also help you encourage sales and attract new customers.

How much you can make: $15,000/month

How long does it take to build: 180 days (?)

3. Start a lifestyle youtube channel

How much you can make: $5,000 — $1,330,000/month

4. Start an ecommerce store

An eCommerce business is a company that sells products or services online. Ecommerce businesses have many advantages over brick-and-mortar businesses, including lower overhead costs, increased flexibility and reach, and the ability to reach a wider audience.

eCommerce is booming right now because of the convenience and efficiency it offers consumers. Consumers can buy products from their favorite brands on a platform that makes the whole process easier than ever. They don't have to leave their homes or go out in public, they can just sit down at their computer, tablet or smartphone and browse through all of the options available to them.

To start an ecommerce business, you'll need to set up a website where customers can browse your inventory and purchase items, as well as payment processing software that allows you to accept credit card payments. You'll also need to choose a shopping cart software and manage inventory tracking software.

How much you can make: $450 — $62,500,000/month

How long does it take to build: 120 days (?)

Time commitment per week: Min. 5 hours/week

5. Start an e-book writing business

An eBook business is profitable and flexible, letting you start a business from anywhere, while it is a low-cost business that is easy to start. You can make a living self-publishing and selling eBooks online as long as you are ready to invest your time and money in it.

Anyone can start an eBooks business! Just choose a niche that interests the target audience, and ensure in-depth research.

How much you can make: $2,000 — $42,857/month

How much does it cost to start: $67 (?)

How long does it take to build: 120 days (?)

6. Start a local merchandise sales business ($50K/month)

How much you can make: $45,000 — $50,000/month

How much does it cost to start: $500 (?)

How long does it take to build: 75 days (?)

7. Sell stock photos

Stock photography is the supply of licensed photographs for specific uses. If you have a camera and love traveling or taking photos, you can start your own stock photo business.

Create a stock photography website and upload the best shots to start your stock photography business. To ensure professional images, you can hire freelance photographers and photo editors. Alternatively, you can invest in a professional camera and learn the art of photography before launching your business.

Running a stock photo website allows you to create unlimited earning potential. Besides, stock photographers enjoy flexible working hours and have the potential for passive income.

How much you can make: $10,000/month

How long does it take to build: 3 days (?)

8. Start a home tutoring business

A home tutoring company is an educational company that offers private tutoring from a tutor who visits the students at the student’s home.

Home tutoring is a growing business opportunity for motivated people and comes with the flexibility of working anytime, anywhere, and creates a passive income.

If you love teaching and helping others, one way to make money is to start a home tutoring business. Whether you want to tutor kids or adults, there’s a niche for you.

Once you have started your home tutoring business, promote it by putting fliers at other stores and on bulletin boards at colleges and libraries. Also, engage parents and guardians for home tutoring opportunities.

9. Start a dropshipping apparel

Revenue in the clothing market will reach a staggering $153.6 Billion in the next few years.

With online shopping growing steadily, starting an apparel dropshipping business is becoming a go-to niche for many new and established e-commerce business owners.

If you are interested in starting a clothing dropshipping business, find a reliable and experienced dropshipping platform that allows you to Easily add your clothing items and start to dropship fashion.

How much you can make: $150,000/month

10. Start a shopify store ($500K/month)

Shopify is a platform that makes it easy to set up an eCommerce store and start selling products with no merchant account, no inventory, and no complex setup.

A Shopify store is one of the best ways to start your own business online because it's so easy to set up and manage. You don't need any technical knowledge or coding skills to get started, and there are no hidden fees involved either - just pay for what you use!

Starting a Shopify business is one of the best ways to make it on your own. It doesn't cost nearly as much as opening a physical store, and businesses run on Shopify can be extremely profitable.

You can sell anything from handmade jewelry to pet products, clothing items, and more with a Shopify store - there are no limits!

11. Start a freelance writing business ($61.3K/month)

Freelance writing can be a good career choice if you are looking for a flexible online job.

Working as a freelancer gives you the flexibility to define your work schedule. You can work from home at any time. Freelance writers work across various niches, writing about various topics assigned by the client,

To earn good money as a freelance writer, you need the following personal qualities:

  • Strong writing skills
  • Ability to meet deadlines
  • Stay on the cutting edge
  • Be a self-starter
  • Be up-to-date with the current writing tools & writing trends
  • Proper communication skills

How much you can make: $700 — $320,000/month

How much does it cost to start: $400 (?)

How long does it take to build: 53 days (?)

More business ideas

  • 12. Start a dividend investing business

13. Start a travel youtube channel

A travel YouTube channel shares videos of anything from you or your family traveling to places you have been to or even things you have seen. There are several goals for starting a travel YouTube channel. For example, You can make money from it or use the channel to promote your travel agency.

However, you should do some research before starting your channel to know what kind of content you want to create and what type of equipment you need.

14. Start a product design business

How much you can make: $4,000 — $32,000/month

How much does it cost to start: $4,000 (?)

More business ideas

  • 15. Start a pinterest templates, graphics and art selling business

Frequently asked questions

Can you make 6 figures as a teenager?

Yes, you can earn 6 figures a year as a teenager. The easiest way to achieve this income is to start your own business and be your own boss. You can choose one of the ideas from our list.

How to make 6 figures as a teenager?

Do you want to make six figures as a teenager? It's not impossible, but it will take some effort. Here are a few tips to help you get started.

First, focus on developing your skills and becoming an expert in your field.

Next, find ways how you can use your skills to work for yourself or do some side hustle. You can use the list above.

Finally, think outside the box and explore new opportunities for earning more money. With hard work and determination, you can achieve anything.

Conclusion

If you are a teenager, there is no reason why you cannot make six figures. It will require hard work and dedication, but it is possible.

Consider the business ideas we’ve outlined in this post and get started on your journey to becoming a high-earning teenager today.

meet the author
Ales Wilk

SEO and content are two of my favorite things, and I love finding ways to make websites more search engine-friendly and helping them grow their traffic through great content. When I'm not working on all that, I enjoy traveling, reading books, trying out new foods, and playing ping-pong.