Tuesday, April 26, 2011

Simple Ideas, Insane Results - Amazing Teen Millionaires

Ashely Qualls - WhateverLife.com
Ashley was just 14 years old (2004) when she launched whateverlife.com as a personal portfolio of pictures and graphics.

She then started offering free Myspace layouts for teens, as well as tutorials for those who wanted to make their own designs.

In 2007, she gained 7 million individual viewers and had 60 million page views per month, acquiring over $1 million from ads on her site. She was offered $1.5 million and a car of her choice for WhateverLife, which she declined.

Catherin & Dave Cook - MyYearBook.com
Siblings Catherin and Dave Cook were flipping through a yearbook from their new school, trying to figure out a way to get to know their new classmates better, when they came up with the idea to start MyYearBook.com

Catherin convinced her brother, Geoff, to invest $250,000 into the idea, which helped them to launch their new social networking site.

MyYearBook.com raised $4.1 million in 2006 and continually brings in more money with advertisers such as Disney and Neutrogena.

Fraser Doherty - SuperJam
It was in Edinburgh, Scotland at the age of 14 (2002) that Fraser began to make his Grandmother's recipes and sell them door-to-door.

After tweaking the recipes and coming up with a name for them - SuperJam - he quit school at age 16 to work on his business idea full-time.

After outgrowing his parent's kitchen, Fraser rented a factory and was approached in 2007 about having his jams sold in a high end supermarket in the UK. He borrowed $9,000 from the bank and began to produce 3 flavors: Blueberry & Blackcurrant, Cranberry & Raspberry, and Ruhbarb & Ginger.

A company called Tesco added his product to 300 stores across the UK. He's made millions from his business.

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