Transform Babysitting into a company

While students engage in summer activities, think about jobs or means to earn money. Some young people keep additional money in summer as well as to acquire work experience, but most of them will not consider themselves as entrepreneurs. If a teenager was to apply a few to his baby-sitting efforts, they could increase their experiences, their knowledge and perhaps even their profits. Business and entrepreneurship skills can help in several subjects, including market studies, target marketing, value -added services, objectives, registers and professional behavior. More information on how to consider this summer work as a company is in the article that accompanies it, “Can a baby-sitter be an entrepreneur?“”

Any business owner can benefit from the recognition of who he is. They are the people most likely to buy a product or service. Baby-sitters may initially think that their target market is made up of all parents, but they can benefit from the reduction of their objective. One way to do so is to think about geography – a certain part of the city, the subdivision or the school district. A different factor to think is the age of children; A baby-sitter may feel more comfortable with older children while another baby-sitter may want to focus on babies and toddlers. Another possible target could include families with several children; More children can mean more money for each job.

Once a target market has been identified, it is easier to create marketing equipment, such as leaflets, brochures or business cards, because the message can be adapted to this audience. It is also easier to understand how to distribute these materials. Safety note: Minors must always discuss with parents of their plans to market their baby-sitting business! The references of confidence adults are much safer than the messages disseminated in public spaces. If you choose to use social media, there are often groups of local parents and other opportunities to connect with families in your region as well. Ask parents or confidence adults, you know if they are part of any private Facebook group for other parents.

In conjunction with the choice of a target market, doing market studies will help a budding entrepreneur to determine certain key elements.

• What is the right price to charge for babysitting?
• Are there qualities that parents are looking for in baby-sitters, such as certifications, age, transport, price, availability?
• What other factors could influence the choice of a parent? Healthy snacks, artistic and playing activities?

Adolescents can bring together a short questionnaire and interview certain members of their target market. This information can help the most important services for customers as well as appropriate pricing strategies.

Once some research has been done, adolescents will know more about what their customers are looking for when they hire baby-sitters and can market appropriately. At this stage, they may also think of value -added features. In a company that sells a product, such as strawberries, a wise entrepreneur may think of new ways To market this product which will add value – and will therefore recover a higher sale price – such as strawberry pie. In a company that sells a service, such as babysitting, value-added features may include other available services, such as dishwasher or tutoring, or something that adds value to the original service, such as the contribution of craft and craft supplies. Young people may think of their forces and interests when creating value -added services in addition to what their market studies tell them that their customers want. An easy and fun thing to do would be to do Boo Boo Bunnies To bring with you to Jobs.

There are many ways for a baby-sitter, and the application of one or more of these skills to a baby-sitting company can lead to increased success as a baby-sitter and a business owner. Michigan 4-H has resources and information on entrepreneurship And Money management. You can also read them Michigan State University Extension Articles for more information, “Strike the eye of the bull: define your target market!” And “Is your summer work more than money?“”

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