Meet Olivia of Beads and Buttons! She is a student at Greenwich Elementary School in Greenwich, NY, and we are excited to showcase her business in the TREP$ Student Spotlight. Read more to learn how TREP$ helped Olivia to make good financial decisions:
My name is Olivia and I am in 6th grade. The name of my business for TREP$ is Beads and Buttons. I decided to make ornaments because they are really special to me, and I wanted to make something special for other people.
The thing I have enjoyed about TREP$ so far is coming up with the ornament designs. This was also the most challenging part. But I feel very prepared for the TREP$ Marketplace. I have experience from last year, I have a good product, and my teachers have helped all of us learn a lot.
In order to set my prices, I figured out the cost to make each ornament. Then I compared prices for similar items on Etsy. I rounded the number up to the nearest whole dollar amount to make easier transactions. After the marketplace, I plan on using some of my profit to buy Christmas presents and the rest will be for savings.
For students just starting out in TREP$, I have two pieces of advice. Make what you want to make, not what other people want you to make. Also, do a lot of research on your product idea.
All in all, TREP$ has made me think about my future. I have learned to make good decisions with my money!
