The first lemonade stand was probably set up in Brooklyn, New York, in 1873 by a young girl named Jennie who was attempting to generate money for a new winter coat, according historian Susan Waggoner. She was able to make enough money to purchase the coat by selling lemonade glasses for one penny apiece.
The concept of the lemonade stand soon caught on after that. By the turn of the century, lemonade stands were a ubiquitous sight in American cities and towns, frequently operated by kids hoping to supplement their summer income.
Today, lemonade stands are still a well-liked summertime custom, and lots of parents encourage their kids to open one as a method for them to learn about entrepreneurship and financial responsibility.
However, some kids might be curious about how to sell lemonade online in the modern world. Fortunately, there are a number of choices. Creating an online store utilizing a platform like Etsy or Shopify is a common choice. Another choice is to advertise and sell the lemonade on social media sites like Facebook or Instagram.
But should children who make money from lemonade stands have to pay taxes on that income? The answer is dependent on a number of variables, such as how much money they make and the local or state tax regulations. Generally speaking, if a youngster makes less than a specific amount of money, they might not have to pay taxes. To make sure that all applicable laws and regulations are being followed, it is always a good idea to consult a tax expert.
And lastly, why is lemonade insurance so inexpensive? Damage or injury is less likely at lemonade stands since they are often small, transient businesses run by kids. Because of this, insurance companies can offer coverage at a lesser price than they would for a bigger, more well-known company.
In conclusion, the history of the lemonade stand is a fascinating one that spans more than a century. While the operation and promotion of lemonade stands have changed throughout time, the fundamental concept of a kid-run company selling cool drinks on a hot summer day has never lost its appeal.
The competition for lemonade varies depending on the region and market, but some typical rivals are various iced drinks, soda, and fruit juices. The fact that food carts and snack merchants provide different options for refreshments makes them competitors as well.