Low-cost business ideas for a 16-year-old with limited resources include starting a small online business, such as freelance writing, graphic design, or social media management. Another option is to offer services like pet-sitting, house sitting, or tutoring. With the rise of the gig economy, it's also possible to start a small business offering services like dog walking, lawn care, or running errands. Additionally, a 16-year-old could consider selling handmade goods, such as jewelry, candles, or artwork, online or at local markets.
To market and grow their business effectively, a 16-year-old can utilize social media platforms like Instagram, Facebook, and TikTok to reach their target audience. They can also leverage their network of friends and family to spread the word about their business. Offering discounts or promotions can also help attract new customers and encourage repeat business. Collaborating with other local businesses or entrepreneurs can also be a great way to expand their reach. Finally, it's important to continuously evaluate and adapt their business strategy based on customer feedback and market trends.