Needs, loves, likes, wants

In this episode, we interview a 16-year old kid who runs his own car detailing business. To learn more visit eliselite.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

A Kid Making Cash

“There is no substitute for hard work.” - Thomas Edison

Hey you guys it's Cash Kid here, back again with another Cash Kid Podcast episode. This podcast audience continues to grow and I’m so glad you are joining us for this episode. Today, we’re going to talk with another fellow “Cash Kid” who is running his own business at just 16-years old. I think young and old alike will be encouraged by what he has to say. The interview, coming up!

(music)

So you’ve got some cash. Maybe from an allowance, or that money your grandma gave you for your 7th birthday. Here you go sweetie. Whoa, thanks grandma!

Whatever it is, what are you going to do with it? Spend it, hide it away... or maybe invest it? Let’s start learning how to make that money grow.

Time to learn how to be a cash kid.

(1:14)

Today, we are talking with Eli Slaton who runs his own car detailing business. He’s just 16-years old. But Eli for years has used his time wisely to find ways to make some extra cash even while a kid. There are so many ways for kids to put their talents to work. So, listen up.

Cash Kid - Hey Eli, we are so excited to have you join us as a fellow “cash kid” on the show. We wanted to interview other kids and teens who have found ways to make cash.

So, just tell us about yourself.

Eli – My name is Eli Slaton. I am 16-years old and I own a mobile car detailing business. My business is called Eli’s Elite Mobile Car Detailing.

Cash Kid - Tell us about your current business you have set-up.

Eli – My business is based upon dirty cars. I go to my customers house and I deep clean their car. I have a website where clients can book online.

Cash Kid - What made you think about starting a business like this one?

Eli – I love working on cars. It is also very fun to see the before and after transformation. Usually they are pretty thrilled to see their car cleaned and are excited to have me come back and do it again.

Cash Kid - How do you advertise your business?

Eli – Currently, I advertise my business by Google, Nextdoor, and by word of mouth.

Cash Kid - How did you learn to use those sources to advertise?

Eli – Just working on YouTube with videos and how to tag the videos. I’ve learned that Google advertising is a good way to find clients and usually it turns out pretty well.

(2:48)

Cash Kid - What is your goal with this business?

Eli – I’ve eventually like to be a full-time professional car detailer. It’s a great idea to have a job that you do to make some money while you’re out of school in the summer.

Cash Kid - Yeah, I was going to ask, how do you manage school and running a business?

Eli – Usually, I’ll just get my work done before school or before I go to detail someone’s car. And then, I’ll plan on the weekends to detail cars. Then I make sure I don’t have anything else going.

Cash Kid - Have you ever tried to do other jobs or find ways to make money?

Eli – I have done chores and helping people out in the neighborhood doing a few lawns and things like that. Those are good ways to make money at a young age and it’s pretty easy to find jobs.

Cash Kid - I was going to say, do you feel like there’s a lot of jobs out there for kids to do?

Eli – Yes, certainly. Especially, in the lawn care and just helping people around your neighborhood do things like moving out, or helping them pick up trash, or in my case cleaning their car.

Cash Kid - What advice can you give to other kids about finding a business they can start or how to be a cash kid?

Eli – Find out what you like to do. Then find a problem people have with it. Once you realize the problem, find out a way to solve it. Then you can sale the solution to your customers. For example, in my business, people have a common problem. Their car is super dirty. My solution is to come and deep clean their car.

Cash Kid - And they probably enjoy you coming to them.

Eli – It makes it much easier for them to be able to just call and book and appointment and me just show up at their door.

(4:37)

Cash Kid - What do you feel you’ve learned from running your own business at such a young age?

Eli – I’ve learned to be better with time-management, stress, and scheduling things. I’ve used the calendar app a whole lot more.

Cash Kid - Do you have a goal you are trying to reach with the money you earn or plan to invest at all?

Eli – I’m really right now saving up money for college. And then also I’m putting away say like 25% of the money that I make to investment it in something else to make more passive income like silver or gold or...