Make bank with your lemonade stand

Don’t underestimate the power of cute

  0

by

From the September/October 2016 issue of the magazine.

  0
how to make money as a kid lemonade stand

(iStock)

Location, location, location

Your driveway is great, but if you live near a corner, double your traffic by setting up there. Neighbourhood pools, garage sales and local parks are also great for business, but note that you may need permission or city permits.

Get the word out

Bring those customers in! Before you open up shop, go around the neighbourhood and post a few signs on telephone poles. You could even drop off flyers at neighbours’ doors.

Upsell those customers

Customers love fresh lemonade. You’ll need a bag of lemons, some syrup and cold water to make the real stuff. But consider expanding the menu with impulse buys like Rice Krispies squares, cupcakes and cookies.

Price it right

Don’t underestimate the power of cute. Or inflation. A quarter might have been the going rate when your parents were kids, but today’s customers will think nothing of paying 50 cents or a dollar for a glass of lemonade.

Set a goal

See how much you can sell before noon. Or pack up and celebrate once you sell 50 glasses. Think about what you plan to do with the profits. A goal is a great way to stay motivated.

A guide on how not to raise money monsters:

Ages 0 to 6: My first money moves »

Ages 7 to 12: Saving not spending »

Ages 13 to 17: Big kids, bigger budget »

Ages 18+: Preparing to launch »

Leave a comment

Your email address will not be published. Required fields are marked *