Make bank with your lemonade stand
Don't underestimate the power of cute
Why are mortgages so expensive in Canada?
Created By
Ratehub.ca
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 »
Share this article Share on Facebook Share on Twitter Share on Linkedin Share on Reddit Share on Email
Related Articles
Making sense of the markets this week: November 17, 2024
The Trump effect and Trumponomics, Shopify’s huge earnings beat, it’s sunny days for Suncor shareholders and more.
MoneySense at the MoneyShow: Capital gains and ETF sessions
Here’s how to get your free ticket to attend two MoneyShow virtual expos.
Should you do options trading?
Get rich quick or risky business? Options trading is accessible but not for everyone.
7 ways to take control of your financial future
Sponsored By
World Financial Group
CCB payment dates 2024 and 2025, and more to know about the Canada Child Benefit
Parents, here are the CCB payment dates for 2024 and 2025, along with how much you can expect to...
CPP payment dates in 2024 and 2025, and more to know about the Canada Pension Plan
Here’s how Canada’s retirement pension plan works, who’s eligible for CPP, when you can start receiving CPP, and CPP...
Making sense of the markets this week: November 3, 2024
Apple and Nvidia vie for global market cap crown; Google, Microsoft and Meta crush earnings; Amazon’s Bezos takes WaPo...