£100 to £10000 challenge for teen!

sugarwalsh

I have been a member on here for years and I seem to recall a £10 - £1000 challenge somewhere. Recently I set my teenage sons off on the idea. One son used his money and bought some toys he wanted! The other, though, really liked the idea and has now turned his £10 to £50, and is increasing it all the time. He buys and sells sweets at school, and has even bought some of his brothers unwanted figures and made some money.

Now, here is the question! My sister has offered him £100 to see if he can turn it into £10000!! It is a bit of fun, but he is really keen on the idea (Understandably!). The problem is, he doesn't know what to purchase with the £100. He is happy to work hard, and clearly he is a good sales man. Does anyone have any ideas?

Please remember, it is for fun! The money is real and he is prepared to work hard, but I am viewing it as a fantastic way of him learning that he CAN acheive what ever he wants if he puts his mind to it.

Many thanks in advance!

toastking

This is a fantastic idea and something that a few more kids should have tried on them to get them into the entrepreneurial spirit. It would really help find a few more who are willing to give it a go and those who just see the immediate buy and go for that instead.

Great idea.

In terms of what could be offered, I found when I was younger that I really struggled when trying to do car washing, so I wouldn't bother with that unless you have somewhere to go with it.

Does he have any particular skills other than selling that could be used?

Maybe if he was keen to try a few things he could start a Fiverr account and who knows maybe find something he can excel at there. There is a guy making videos on there with a puppet who has made thousands for instance.

In terms of your traditional buy and sell on method, all I can think of right now is buying from charity shops and car boots before selling on, but he'd need an eye for a bargain.

Badsaver

My little boy is 8 and keeps putting things aside to 'sell on ebay'. I have tried to set him a double your pocket money idea when we go to a car boot but he soon gets bored of the idea once he sees something he likes!!
I might try and strike the idea again and put the money in a bank account so he can watch it grow!