Top 10 Teenagers Who Made their First Million Online
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Teenage Millionaires, You’re Never Too Young To Make Money
Most of us know there is no such thing as a “get rich quick scheme,” even if there are people out there who would love us to believe otherwise. However, there are real success stories out there who can inspire the rest of us.
In a world where it’s all too easy to get depressed about our financial fortunes, where the youth are seen as wasters and troublemakers, here are some teenagers who have made fortunes out of nothing.
Real Life Success Stories
Ashley Qualls
Our first teen millionaire is Ashley Qualls. At the tender age of 14, she used $8 borrowed from her mother to buy a domain name. That name was Whateverlife.com, a site that offered free MySpace layouts. Combined with site advertising, the site soon exploded, and now receives 7 million unique hits a month.The success continues, with Whateverlife having expanded into a complete lifestyle site offering everything from those MySpace layouts, to items for sale, jobs, and related services.
Sean Belnick
Sean Belnick is another teenager who made it big. When he founded Bizchair.com at age 14, little did he know that years later he would be worth more than $50 million. His company began by importing Chinese office furniture and selling it online. His concentration on good quality and customer service led him to success.
Juliette Brindak
No list of millionaire teenagers would be complete without mentioning Juliette Brindak. Founder of missoandfriends.com, an art-based website that came from Juliette’s fondness for doodling in class. She started the site when she was 10 years old, and reached millionaire status in her teens. Now she is estimated to be worth over $20 million.
Cameron Johnson
Cameron Johnsonfollowed this more practical approach with his business, Cheers and Tears. What began at age 9 in 1994 as a small greeting cards venture has turned into a series of successful companies. The young entrepreneur saved enough money from making cards to work with Ty to sell Beanie Babies on Ebay.Not content to stop there, Johnson ventured into internet advertising. It worked so well, that by age 19, he was banking around $400,000 per month. Not bad for a teenager!
Fraser Doherty
Fraser Doherty is a Scotsman who took a more traditional approach to making money. He makes jam and sells it to some of the biggest retailers in the UK. He began making jam at the tender age of 14. He used his grandmother’s recipe for flavoured jam and made it in his kitchen.Demand soon outstripped supply and he had to expand to keep up. He now supplies jam to British retailers Tesco and Waitrose, shifting in excess of 50,000 jars a month. As a result, he, and his company,Superjam, is thought to be worth over $2 million.
Ryan Eagle
Ryan Eagle founded the company Eagle Web Assets, Inc. at the age of 16. In 2004 several of his web creations hit very successful points. After harnessing almost half a million unique visitors a day across his websites he changed his business model into creating a mass of over 450 different niche websites to bring in revenue. Eagle Web Assets Inc. today still focuses on building and acquiring up and coming companies to keep expanding out. Ryan Eagle had a bright idea which many SEO and niche websites users look at today for inspiration to keep on being innovative in a field that is changing every day.
Adam Hildreth
The seventh teenager is Adam Hildreth. Adam Hildreth started a social network for the people who live in the United Kingdom at the end of 14. This social network is called Dubit Limited. It is one of the biggest social network sites that markets teenagers. Then at the age of 20, he also launched a website for technology that can protect your child. Now due to both of these websites, he is worth about 4 million dollars.
Ephren Taylor
The eighth teenager is Ephren Taylor. Ephren Taylor has a lot of businesses under his belt. As his first business, he started creating video games at the end of 12. Then at the age of 17, he started Go Ferret Go, which is a place where people can post jobs on the internet. Now he is the youngest African American to be a CEO of a publicly traded company, City Capital Corporation.
Chris Phillips
The ninth teenager is Chris Phillips. Chris Phillips became a millionaire at the age of 17 by creating a website, Dot5Hosting. Now he is one of the richest teens in the United Kingdom. Therefore, his company has become very successful over the years of work that he did.
Catherine Cook
Next up is Catherine Cook, who set up Myyearbook.com. She founded the site in 2005 at the tender age of 16 with her brother David. The aim was to grow a social network site to challenge the might of FaceBook and MySpace. It’s a challenge that has worked, as Myyearbook.comis regarded as the third most popular social networking site in the US.Catherine puts her success down to finding a niche and working it for all it’s worth. The site concentrates on high school students and is tightly targeted to that demographic. It has certainly worked, as they are both worth in excess of $1 million each!
