Each person’s perception of what is considered substantial and ridiculous money is different.
But for me, if a teenager is still in college who is making more than their parents combined in a year.
Then that leads me to believe that they are making more than 99 percent of teenagers out there.
Before, it used to be uncommon for a teenager to make any money apart from a little pocket money and maybe a part-time job on the side.
However, times have changed as kids of all ages are utilizing the resources available to make money online.
This is one of the reasons that I was a 16-year-old back then decided to go down a different route to other kids my age. As I knew that going down the college, university, and then full time employed work route wasn’t for me.
I just had a feeling that there was more out there for me and that I was going to go on a quest to find out what else I can do to live the life I want to.
As you have figured by the title in this post. I am going to go through 5 ways you can make ridiculous money as a teen.
I am not talking about becoming an internet sensation next week or going viral fast and making money instantly.
Instead, I am going to go through 5 routes you can go down to secure some financial stability as a teenager.
Table of Contents
1. Youtube
The first way to making a sizeable sum of money that can come in the form of passive income is through the biggest video platform in the world called YouTube.
A few years ago there was an interesting study that was conducted by O2. Where in the UK they asked kids what they would want to be when they grew up.
The answers weren’t surprising as it came in that 30 percent of 2000 kids said that they intend to become vloggers.
This would be following in the same direction as many of there favorite YouTubers.
YouTube has become a platform that has become so big that they are now starting to compete with TV when it comes to numbers.
A lot of videos on there are amassing millions of views and this includes the record set by Luis Fonsi in 2019 where his single Despacito reached 6,8 billion views. That is nearly the population of the world.
So with this huge audience on the platform, it gives new creators the opportunity to build there own platform and brand.
Whether that is through the ad revenue or through there own merch and sponsored deals. It is a fantastic opportunity to make money.
Advantages: From A Part-Time Income To Millions Of Dollars In Revenue A Year
Disadvantages: Can be hard at first, nowadays it is more saturated so you will need to bring value to grow
2. TikTok
Now, this platform is one that went viral last year and is made up of people making short dances, lip-syncs, or comedic videos.
TikTok has now accumulated a massive user base with over 800 million users.
Since it caters to a younger demographic it presents the opportunity for young people to build an audience.
Now making money with TikTok isn’t so straightforward.
As you can’t put links in your content and brand deals are hard to incorporate into short dances and comedy videos.
So what a lot of people are doing is building a big following and then moving that audience onto another platform such as Instagram.
Look at Addison Rae for e.g who is one of the biggest Tik Tok creators on the platform.
She has 44 million followers on TikTok and has converted that to Instagram where she has 19 million followers.
It’s only on there that she can now make money with sponsored deals, etc.
Now you don’t have to have a big following to make money, just acquiring a small targeted following can you earn you money.
Advantages:
- One of the easiest platforms to build a following on
- The app is trending so the quicker you get started the better
Disadvantages:
- Hard to make money with
- you will need to transfer your fans on to another platform
3. Blogging
Blogging is a way of making money online that I have talked about before on this site.
It consists of you writing content online within a blog of yours.
Its one of the most straightforward ways to build an income online.
However, it is often overlooked by people.
Mainly because people aren’t willing to put in the work, and since blogging requires plenty of it.
It can be easy to earn a passive income with it no matter how old you are or even how much money you have.
This is because it is a low investment opportunity which means you can start an online business from as little as $10.
How it works is like I just mentioned you write blogs on your website.
You attract visitors to your site using free or paid keywords, and, finally, monetize your traffic to make money.
Now blogging is an opportunity to make you lots of money if you are committed to it and stay consistent.
In fact, the sky is the limit, as there are no caps on how much you can earn.
There are blogs such as the ones on this list that are raking in millions a month.
The top-earning blog is the Huffington Post, which makes a whopping $40+ million a month.
Now while that one is an established website, you can build a site yourself that can make 5, 6, 7, and even eight figures a year.
If you would like to learn more about blogging and how you can get started then check out this guide here.
Advantages:
- No limits to how much you can earn, anyone can do it
- Once you have built up a blog unlike being a social media influencer you can outsource a lot.
- Do not need lots of money to start up
Disadvantages:
- Can be slow in the beginning especially if you’re new to blogging
4. Instagram
Instagram started off as a social media where people could share pictures and videos from there life with there friends.
However, over the years it has quickly evolved into a fantastic opportunity for people to make money from home.
Now there are a number of ways you as an Instagram ‘influencer’ can make money with Instagram however to get going you will need to build up a following.
Not just any following but a targeted following of people, this is people who are engage with you and with your content.
Once you have this you will be able to promote your own services or work with brands promoting their products.
If you have 10k plus followers it becomes easier for you to earn money and as well as that companies will start to reach out to you naturally.
Just like I mentioned earlier Instagram has become one of those platforms that are entrepreneur-friendly which is why a lot of the influencers on there have brought over audiences onto there.
Which is the case for a lot of YouTubers and Tiktokers.
Not only that but branching out on somewhere like Instagram gives you something to fall back on if for e.g the TikTok trend started to die.
Which has happened before with Musically and Vine.
Before I summarise the pros and cons lets talk about how much money you can make with Instagram.
So the fact that there is no limit on how many followers you can following you means you have endless potential when it comes to income.
If you have a big following you have plenty of people to sell your stuff too.
And also brands will pay you hefty sums for you to feature their products within your content.
I have seen that it’s not uncommon for people to get paid thousands per post, for e.g Kylie Jenner gets paid $1,2 million per post.
This is quite insane when you consider how much effort that goes into posting a photo.
Now lastly let me warn you that there are many scams out there that will claim to pay you to be an affiliate of there products.
I know this having reviewed opportunities such as Influencer Cash and Earnbucks that turned out to be a phishing scam.
So do be careful as you will be contacted by dodgy companies over time.
Advantages:
- So many opportunities to make money
- You don’t need millions of followers to bring in an income
Disadvantages:
- You will need to be aware of scams
- Saturated nowadays, but still possible to build a following/brand
5. Trading
Trading is an opportunity that has its pros and cons. On the plus side, you can make ridiculous money with it but you can also lose a lot of money if you don’t know what you’re doing. That is because there is a degree of gambling involved.
With that said, there are some excellent courses out there and traders that will help you earn money, and as long as you’re over 18 years of age, it could be worth a try if you have a few hundred dollars spare.
Now you might see a lot of people making lots of money with trading on social media, flexing how much they have the items they have. The reality is that it isn’t so easy to make money with trading.
It makes sense as if it was so easy to make a couple of thousand bucks in your first weeks, then everyone would be in on it, but that is not the case.
Advantages: There are people of all ages making up to thousands a day through trading
Disadvantages: Can be a very risky way to earn
Conclusion
As a teenager, it is easy to look at other people your age and compare what you have to others and feel discouraged. However, instead of letting time pass away, you can use your spare time to look into one of the above opportunities to build something for yourself.
You could work on building your Instagram, Youtube, TikTok, our blog at any time, but at the time of writing this post, it is currently the summer.
So with many teens off, it presents the perfect time to invest your time into creating an online business instead of spending every day binging on your favorite series on Netflix.
I know the title shows you ways to make ridiculous money online, but, to be honest, these five ways will help you achieve any of the money goals you have in place.
