Here is something fun.

So two girls decide to set up a lemonade stand.  Their goal is to sell lemonade for a certain price.  As the parent of one of these entrepreneurial spirits, I of course was asked my input.

Question 1:  So if we want to sell store bought cookies, can we?

Answer:  Well, technically no, but you COULD mark up the price of your lemonade and provide the cookies as a free complement (not to mention, that the label says “not for individual sale”).  I am still trying to think of how ridiculous it is to tell girls they can’t sell cookies

Question 2:  One of us thinks it should cost .15 a cup, the other .25 a cup.  Which one of us is right?

Answer:  While it is likely that most people won’t have cash or change, your best bet is .25.  Why, you ask?   $1 is four sets of .25.  People are more likely to buy when the math is easier.

Question 3:  What do you think a good amount is to earn, since we are raising money for the Leukemia and Lymphoma Foundation?

Answer:  Forget my other answers.  Ask for donations, leave a few dollars in the cup to make it look like you aren’t making a lot, and make sure that you don’t keep any change in the jar.  You’ll make more.

People are more likely to donate more, when a price isn’t set.

As an aside, can you imagine if all kids between the ages of 6-12 set up lemonade stands to raise money for Leukemia treatment and cures?  In a few hours, they made $23.  That’s good stuff.