- Personal Finance»
- Income & Making Money
How To Make Tons Of Money From A Lemonade Stand
Gathering The Essentials
When running a lemonade stand, the first thing one should do is gather all the materials necessary.
The most basic necessities for set-up include:
- Multiple poster boards for advertising and menu
- Lemonade ingredients
- Plastic cups
- Easy to set up table
- Money jar
These materials are the most essential items one will need. Customization and creativity is encouraged. Other items such as tape and marker.
The best method for making your lemonade is to buy pre-prepared mix from a grocery store and add water. This should be the cheapest method, especially if you look to buy the non name brand types. Make sure to add sugar if necessary and provide ample amounts of ice, as the key aspect to your stand is customers looking to cool off with your refreshing product on a hot summer day.
Creating the Menu/Advertising
When creating your menu and advertisements, the rule of thumb should be to keep it simple and easy-to-read. Many of your potential customers will be just passing by and a quick glance may be all you will get. It is essential they can read everything you have to offer in this matter of time.
When pricing your lemonade, make sure to keep the price low, but enough to generate a profit after the costs of your materials.
Place signs directing towards your stand in the vicinity and surrounding area. Popular streets, stoplights, and stop signs are all great places to place your advertisements.
When choosing a location for your stand, look to place it in highly populated areas where people are able to stop on a spontaneous dime. Places such as:
- Popular Street corners
- Downtown areas of a suburb
- Walking/biking paths
These places all make great areas to set up your stand. Make sure to stay within the law of the city your stand is operating in. Check the city's website if you have any questions or issues, and remember to always listen to officers if they question the stand or ask you to pack up and leave.
Some finals thoughts to when operating a lemonade stand. Make sure to have fun. Bring things like music, friends, family, and a positive attitude. The more jovial you are, the more customers will remember your business. Include baked goods to pick up some extra cash here and there, as well as remember to operate more than once and on a consistent basis if possible. Moving your stand may be required in order to find the most successful spot.
Good luck on making some great extra cash for the summer season!