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Millionaire Kids Ezine, Issue #022 - How Computer Savvy Teens Can Make Big Bucks
January 09, 2009

How Computer Savvy Teens Can Make Some Cool Cash

I have a confession to make...I'm not the most technical person when it comes to computers – or cell phones – or Ipods – well, you get the picture. And when I have had computer problems, like those nasty viruses called “trojan horses”, I get stuck with unplugging my computer, loading it in the car, and lugging it into the computer repair shop.

Not fun.

I've often wished my own kids were more computer savvy. They know how to play games and watch youtube videos – but they don't know how to remove viruses.

A couple years ago, I hired a high school student to come to my home and fix any computer problems, but he's since gone to college in Colorado.

If you have teens who are computer savvy, here are a couple great ways to make some fast cash in their spare time.

Plus the benefit of having great, real life experience to brag about on their college application!

1) Computer Repair or Troubleshooting Kid:

Many people buy computers and have a lot of trouble setting them up and trying to use them. If your child is a whiz with computers, or even has an intermediate familiarity with computers, he could offer his services as a local computer consultant.

Set Up the Computer: Many people have trouble setting up their new computer. When we bought a new computer a couple years ago, I had to have my 12 year old son set up the monitor, the printer, etc. Your teen could help people, like myself, set things up and answer questions when they buy a desktop or laptop computer.

Simple Tutorials: They could show people how to send and organize email, how to organize and create folders, how to upload digital photos and store picture albums, how to buy something on Amazon.com or eBay, how to use instant messaging or Skype, or how to conduct online searches (with Google or other search engines.)

Set Your Price: For computer consulting, your teen could easily charge $10 to $15 dollars per hour for their consulting help. Call two or three computer consultants in your area and check out how much their fees are. If your teen charges half of the going rate, they shouldn't have any trouble getting business.

Start Spreading the Word: Put up colorful flyers on library bulletin boards and other free bulletin boards around town. Also make up some business cards and start passing them out. Be sure to target senior citizens who especially struggle with using a computer. Here's a sample you could use for your business card:

Got Computer Headaches? John Will Save the Day! Call John 715-222-2222

Small businesses might also be willing to hire teens to trouble shoot computer problems. You could also offer a community course on “Simple Ways to Use Your Computer”. Normal fees are $10 dollars per person for a two hour course. A class of 10 people adds up to $100 dollars for a couple hours of work!

Simple Repair Manual: If you're unsure on how to fix or repair something on a computer, there are many inexpensive computer repair books you can buy or check out at the library. And once you get really experienced, you can write your own repair manual and sell it or give it away for free to your valuable customers!

Senior Citizens: A nice gesture could be to help a senior citizen free of charge for your services. You can take pride in knowing you've helped a grandpa or grandma see her distant grandchild with Skype!

Is Your Teen Patient? Maybe She Could Teach Basic Skills...

Your teen could help teach people how to sell stuff on eBay.

Or they could just do it for them and charge a commission.

Again, many people struggle with using the computer and the internet.

And who doesn't have stuff lying around that they would like to get rid of for cash?

2) Ebay Assistant for Hire:

Ebay can be confusing for the novice computer user. Teens can set themselves up as an eBay Assistant for people who need help and charge them a commission.

Go it Alone: Start advertising on your own and set your own hourly rate.

Going Rate: You could either charge by the hour, say $10 dollars an hour, or charge a commission once the item sells.

General Public: I'll bet there are lots of people you know who have stuff they would be willing to let you sell.

Especially elderly people who aren't computer literate.

Just think of all the piles of money lying around! You would be doing a great service by helping people get rid of their junk and padding their bank account at the same time.

Garages: You could also setup a “shop” out of your garage to accept goods from those who can't or don't know how to list it themselves.

Yes, a physical shop. There are lots of them springing up in big cities. The operation is simple. You take something in from somebody, sell it on ebay and retain a percentage for your efforts.

Get Out the Business Cards: Have your kids start handing out business cards offering to sell other peoples' junk on eBay. You'll have all sorts of stuff before you know it! A clever card could say...

Got Junk? Get Fast Cash On eBay! Pay Me Only if You Sell Call John @ 222-2222

Giving Feels Good: Kids can feel good about helping elderly people make a little extra money selling their stuff on eBay. It doesn't get much better than that!

These are just a couple computer money-making ideas for teens as young as 13 years old.

I've Been Working My Fingers To the Bone

And I'm proud to announce that my new ebook...

Jobs for 13 Year Olds: 51 Unique Ways for Kids to Make Money is finally finished!

I decided to write the book because parents have been asking me for ideas on how "tweens" can make money.

So I came up with 51 unique ways kids as young as 13 years old can start making money right away...without costing much to start.

I also give tips on...

How to attract customers

Where to advertise

What to charge

And lots more!

I even include a few secret recipes...

like home-made "dry" dog shampoo

and yummy pupppy chow (for kids - not dogs!)

Whatever your little ones are interested in, you'll have 51 money making ideas at your finger tips to choose from.

And they'll have tons of fun besides!

Money Alone Will Never Make Your Kids Happy

Most of you know that although I believe it's important to raise your kids to be financially independent (and not drowning in debt), I also think it's vital for kids to be generous givers.

And practice makes perfect!

That's why I also include creative ways your kids can share a little of their profits they'll soon be making.

If we don't teach our kids to give, who will? You can check out my ebook HERE.

Speaking of Giving...

I've been talking to Chris Carpenter, one of the MOST successful advertisers for google adwords.

If you've never heard of google adwords, it's the ads on the right hand side when you search on google.

And advertisers can make huge profits.

Chris has agreed to "hold my hand" so I can learn first hand how to make money promoting affiliate products (other people's products)

It should be a lot of fun!

Then, I'm going to hold your hand and walk you through the process so your kids can make money with google adwords promoting an affiliate product.

If I can learn this and make a profit - your kids should be able to make even bigger profits...because they're way more computer savvy than I am...and faster learners I'm sure!

So I'll keep you posted - I can't wait to see the results.

A Fun Way for Little Kids To Make Some Cash

With 3 kids in basket ball, we've been spending a lot of time in the gym watching games lately!

If you go to a lot of sporting events, how about having your little ones make up bags of caramel popcorn or chex mix to sell to the spectators?

Of course, you'll have to get permission first.

But if you offer 10 to 20% of the sales profits, who could resist?!

Carry the bags of goodies in a colorful basket...

Put on a silly hat...

And sing out loud and clear...

"Popcorn for sale! Get it while it lasts!"

Charge at least $1.50 per bag and your kids will have a lot of fun as well as make some extra cash!

Profitable Investment Idea:

Have you ever heard of foreign exchange stock investing?

The foreign exchange market (Forex for short) is a non-stop cash market where foreign currencies are traded, typically via brokers.

The main attractions of foreign currency investing are:

24-hour trading, 5 days a week with non-stop access to global Forex dealers.

An enormous liquid market making it easy to trade most currencies.

Volatile markets offering profit opportunities.

Standard instruments for controlling risk exposure.

The ability to profit in rising or falling markets.

Leveraged trading with low margin requirements.

Many options for zero commission trading.

If all of this sounds confusing, let me try to make it simple.

Foreign exchange investing is just like buying and selling stocks, only the "stock" is foreign currencies.

And if you know what you're doing, you can make huge gains.

With the stock market taking a nose dive, I'm researching the simplest way to profit from forex trading with minimal risk.

I'll keep you posted on what I learn! And don't worry, I'll keep it simple - but profitable!

Random Acts of Tithing

We've had more snow the past month than the entire winter last year!

I'm already ready for spring...

only 5 more months to go!

That's a lot of snow to shovel!

If you live in a snowy winter wonderland like we do, encourage your kids to help out an elderly neighbor by shoveling his sidewalk or driveway.

He might even get a sweet, home-made chocolate chip cookie for being so thoughtful!

It's Good to Know...Financial Terms For Kids

1) Buying and selling foreign currencies

2) Giving 10% of your earnings

3) Promoting and selling someone else's product

Answers: Forex trading, tithing, affiliate marketer

Cheap Family Fun

During the Christmas break, we headed to Duluth, Minnesota for a couple days of skiing.

Boy, I forgot how expensive downhill skiing can be! Luckily, our hotel room included $12 dollar lift tickets. That's way cheaper than the normal $39.

But the next day, we decided to try cross country skiing. I was amazed that it a third of the price of downhill skiing...

even with renting all the equipment...

and it was a better work-out!

Too bad I was on my butt going down most of the hills!

So if you want to save a bundle and still enjoy the fun of skiing - opt for cross country instead of downhill skiing!

Or better yet, go hiking for absolutely free!

Wishing all of you a new year full of many new blessings as well as many new learning opportunities!

Happy parenting!

Best,

Sonja Mishek

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