How to become a millionaire before 20
Their names are still not among the richest and youth of the world by Forbes magazine, but are on the right path. No more than 20 years, but already have several billion in their accounts. They are young entrepreneurs with a knack for business and to turn their ideas into reality. Fraser Doherty, Cameron Johnson and Catherine and Dave Cook has amassed millions through his own courage. They had an idea and launched. It worked and now are millionaires.
Cameron Johnson is perhaps the most striking example of all of them. In 1994, when he was only nine years, launched its first project. Using photoshop at his home in Virginia, began designing birthday invitations for their parents. He soon received orders from friends and neighbors. Two years later, with 11, had saved hundreds of dollars and put your business name: Cheers and Tears. His venture was not here. With twelve years younger sister offered her $ 100 for her doll collection Ty Beanie Babies, very fashionable and in great demand at that time and resold for 1,000 on eBay. Aware of the potential purchase was made, Cameron contacted the manufacturer directly Ty and began to make bulk purchases in order to re-sell the dolls on eBay and on the website of Cheers and Tears.
In less than a year had won $ 50,000 and sowed the seeds of his next venture, My EZ Mail, a service of forwarding emails billed $ 3,000 per month in advertising revenue.
“With 15 years received checks of between 300,000 and $ 400,000 per month,” he recently explained to Forbes. “Before my high school graduation, my fortune was valued at more than $ 1 million.” Now, 23 years and several projects in mind, Cameron split their time between lectures and promoting her new book and advised: “Do not be afraid of rejection. Do not be afraid to ask. ”
A ‘sweet’ fortune
Another particularly striking example is the Fraser Doherty. Unlike Cameron, who has managed to get gold through the Internet, he has built the foundations of his fortune through SuperJam jams. In 2002, using the recipe from her grandmother began to package them in the house of his parents in Edinburgh, Scotland. Like Cameron, were their friends and relatives who began to make orders, but soon got more and more, until he could not develop them at home, and decided to rent a few days a month a food processing factory.
At 16 he left school to work full time in their jam, until early 2007, the chain of supermarkets in the United Kingdom, Waitrose and Tesco later, he proposed to sell its products in its stores. Doherty accepted the challenge and borrowed $ 900,000 to the bank to cover expenses, rent new factories to produce more flavors and hire 200 employees. Last year, sales reached $ 750,000 and every indication that the numbers will double in 2008-about 50,000 jars a day. The value of your company, SuperJam, is estimated at between one and two million dollars. Like Cameron, Doherty has words of encouragement for young entrepreneurs who, above all, are encouraged to have fun with what they do.
Internet, the goose that lays the golden eggs
Theirs are not the only examples of an early career success. At fifteen, Catherine Cook and her brother Dave, 17 reversed, with the help of his older brother, Geoff, web developer, “$ 250,000 in start-up of MyYearbook.com, a sort of online high school yearbook, which has become in direct rivals Facebook and MySpace. Revenue web site, with more than three million users and a market value of over a million dollars come from advertisers on the size of Disney and Neutrogena.
Nor have lagged behind the British and American Adam Hildreth Ashley Qualls. The first one came even in the Guinness Book of Records, created the online marketing page Dubit Limited, devoted to position companies like Coca Cola among British adolescents. This project was able to enter about six million dollars before age 20. For his part, Ashley launched with only 14 Whateverlife.com your personal page, your personal page on which hung their designs. The boom of his success came when he began to create templates, icons and images for MySpace. Currently, seven million hits a day, has become an object of desire for many potential buyers who have come to offer more than one million dollars for the franchise, which she rejected. “Business vision or a great stroke of luck?
These are all very good example of people who thought making money and do not let failure or circumstances throw them down, but instead went ahead with their business idea and managed to win so much money. Herrameitnas attention to that used for many of them also learned to make money on the Internet at a very young and used the web as a platform for their creativity.
Possibility Related Posts:
Tags: Business, millionaire, money on the Internet
,