How to be a successful teenage entrepreneur: ‘I started selling jewellery online aged 13 and have made £31,000 in three years’

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Discovery had unfolded when a young female entrepreneur started to make money online through her unusual way of creating a business. Teenagers nowadays can boost or increase the amount of money inside their pocket. Without the intervention of the friends and parents, they can earn by hundred or even thousands of pounds selling items online.

Online business platforms have given millions the wherewithal to boost their income by selling their unwanted or homemade goods ever since the e-commerce setting boom rapidly in the mid-to-late Nineties. However, some of these sites are only accessible by persons aged 18 or older.  Now the trend is yielding another kind of generation and business opportunity for part-time traders: school going teens and the like.

Children have also given their personal and individual trading platform as a new wave of trading and business sites has boom up to provide for them. Depop, a mobile shopping app that launched in 2012, the minimum sign-up age is 14, although Katie Mortimer maintained to open an account the month before her 14th birthday almost three years ago.

The phone-based trading and business site has at most seven million users worldwide. Almost 10% of these million users are aged 16 or younger. On the other hand, on Etsy, an online marketplace or business platform for handcrafted and vintage goods, the average seller is 38-years-old.

The largest companies or take in incomes of as much as £30,000 monthly. Since then, prices marked up by as much as 250pc, Katie has sold £40,000 worth of clothes and accessories and bought from Chinese wholesalers and traders and sold probably to girls her age. Katie thinks in the time she has been selling her profits are in the order of £31,000. She was already earning £25 a month when she started. This made the capital of her business venture. Some of her first purchases were phone cases and clothes from a trader from China. Katie spends about one to three hours per day on her daily business activities, which include sales processing, stock orders and uploading of pictures on her online platform.

She commented: “I decide how much to sell the item for by thinking how much I would pay – and how much I think other people would pay for it. I then check that I’m making a decent profit.”

She’s been torn once when she ordered more of these phone cases and got overstocked.

“I think I’ve still got about 100 iPhone 4 cases, which I don’t think I’m ever going to shift,” she said. Katie always bear in mind her goal and tells that she loved saving wants to have enough money to buy a car.

Cultivating most of the profit back into the business, she is using it to buy more stocks in her shop.

Last August, she collected almost £8,000 and contributed it to the construction of a £30,000 office space in their backyard. Thus, their garden serves as storage of her stock and processes orders.