BizKidz.com, a site created by mom Linda Raasch, offers children an opportunity to make money through their own online retail store.
Children of any age can get an account with BizKidz. Once the account is created, the new child entrepreneur designs their store. Once the store is created, kids add any brand-name items they desire to sell. There are over 2,000 BizKidz merchants, so choices are a plenty!
As far as safety goes, no one can buy from a child’s BizKidz store unless they are personally invited. The idea is for children to market their store, via their own link, to friends and family members. When friends and family buy from a child’s BizKidz retail store, the child makes a commission. How cool is that?
BizKidz not only encourages entrepreneurship in children, but it’s a great way for kids to receive a hands-on financial education. And, as we all know, such an education is sorely lacking in public schools.
What Makes This Trend Stand Out
- Child-owned Online Retail Stores
- Encouraging children to start their own online retail stores can disrupt the traditional retail industry while also providing young entrepreneurs with valuable skills.
- Peer-to-peer Marketing
- Teaching children how to market their own online retail store to friends and family can disrupt traditional advertising and create new opportunities for peer-to-peer marketing.
- Financial Education for Children
- Using online retail stores to teach children valuable financial skills and entrepreneurship can disrupt traditional education and create new opportunities for financial education programs.
Sectors Adopting This
- E-commerce
- E-commerce companies can use the idea of child-owned online retail stores to create a new type of online marketplace tailored towards young entrepreneurs.
- Marketing
- Marketing and advertising companies can take advantage of the peer-to-peer marketing opportunities offered by child-owned online retail stores to create new advertising strategies.
- Education
- Education companies can use the online retail store model to develop new financial education programs that incorporate hands-on entrepreneurship experiences for students.
