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How Did These Teen Entrepreneurs Make it Big?
There’s seems to be this stigma that for a teenager to make money, they need to deliver the paper or walk dogs. Even from a young age, I’ve had an entrepreneurial spirit but I was always hesitant to start up a business because I didn’t think that was something most kids my age did. This prompted me to try and find teenagers who’ve tried their hand at business and came out successful. To my surprise, I found several impressive young entrepreneurs. Here are a few of my favourites.
The first is a 13 year old internet marketer, named Chris Long, who has successfully created an online business that generates over $20,000 a month. Chris found out about an online business opportunity at 11 and has steadily been expanding his enterprise. Starting with blogs and simple websites, he now builds an average of four websites per year and plans to launch an e-book on internet marketing within the next six months. His most recent website is 13andrich.com on which he’s offering a free e-book on how to get website traffic.
The second teen entrepreneur I found is similar, in that he made most of his money through marketing on the web. His name is Ben Cathers and at 12 he began his own internet-based marketing and advertising firm geared towards teens. Since than, his firm has grown at amazing levels and now he operates two offices and employs ten people. Currently, Ben is attending the Boston University School of Management.
The next teen I found started a jam business at 14, in his home of Edinburgh, Scotland. When he started, Fraser Doherty didn’t intend to make the million dollars that he has now, rather, he just wanted to sell to friends and neighbours for some extra money. Business picked up quickly, however, and by the age of 16, he left school to pursue his business with full force. He made slight improvements to his recipe and gave his jam a name; Superjam. Soon so many orders came that he couldn’t produce enough jam to meet demand so he expanded. Last year, two UK supermarkets approached Fraser about selling Superjam in their stores and he gladly accepted.
In 2004, at the age of 14, Ashley Qualls, the fourth young entrepreneur I found, launched Whateverlife.com, a website that was used by her as a portfolio for her digital artwork. Later, she added free MySpace templates and tutorials for teens that want to learn how to do their own graphic designs and coding. Ashley is able to generate money through her website by having paid advertising. Whateverlife.com has been a great success with about 7 million visitors per month and a buyout offer for $1.5 million.
Catherine and Dave Cook were flipping through their high-school yearbooks when suddenly they came up with the idea of developing their own interactive version for the net. They convinced their older brother, a thriving internet entrepreneur himself, to give them a helping hand in the form of financial backing. He did and before long, their website; MyYearbook.com began to do very well. Now, their website has paid advertisement ranging from Disney to NBC and has grown to 3 million international members.
After reading so many stories about such young and successful people, I was evermore inspired to progress in my business ventures, of course. But I also noticed something, as you may have. All but one of the entrepreneurs above made their fortunes on the internet. Coincidence? I think not! I’m far from the first to say that the internet is where business is or is heading. Almost every form of interaction and company now has a place online. Thus, I say if you take one thing from this article, know that the internet is the cheapest and possibly the fastest way to get your business up and running.
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