Teenage entrepreneur millionaires are rocking it. Gone are the days when teenagers’ main drive was attending college or university, so they could get a decent job. Many teenagers these days are jumping on the entrepreneur millionaire bandwagon. They’re not just going for the ride to view the scenery either. They’re serious about becoming successful. These young entrepreneurs are examples for you to follow if you want to make it to the top.
Establishing and running a successful business is the way forward. Working the 9 to 5 weekly routine will not make you a millionaire. Unless you work your way up the corporate ladder and become a successful CEO of someone else’s business. But why do that when you could become a millionaire of your own business?
Take inspiration from these 10 teenage entrepreneur millionaires…
- Cameron Johnson
Cameron’s life changed when his parents asked him to design the invitation cards for a party they were planning. He did such a good job; the neighbors paid him to do other types of designing jobs. He created his own customized line of greeting cards, Cheers and Tears and made several thousand dollars by the time he was 11.
He invested the money he earned from the greeting cards into starting an online business, SurfingPrizes,com. This pay-per-ad toolbar service generated $300,000-$400,00 per month. Cameron made an estimated $1 million before he left school.
- Nick D’Aloisio
Can you imagine creating a smartphone app in your spare time and a massive company like Yahoo buys it for $30 million? That’s what happened to Nick. He had no idea when he taught himself to code at 12, that he would end up a millionaire. This is an amazing life-changing story.
This is Nick’s advice for wannabe developers. “If you have a good idea, or you think there’s a gap in the market, just go out and launch it because there are investors across the world right now looking for companies to invest in.”
- Adam Horwith
Adam had a huge goal when he was 15. He wanted to be a millionaire by the time he was 21. His many attempts (30) at startup websites failed. He didn’t quit, however. And, finally, Adam hit the jackpot when one of his ventures became successful. Mobile Monopoly is an online course. It teaches people how to generate mobile marketing leads and make money. Adam made a whopping six-figure profit from that venture.
He took it further and created other online courses. Each course made him six figures. Adam achieved his goal and made his dream million before he turned 18.
- Christian Owens
Can you believe a 14-year-old could teach himself web design and make his first million before he was 16? This young boy did. Steve Job inspired him to start his own design company, Mac Bundle. His negotiation skills paid off after he contacted several manufacturers and distributors. He offered them bundle application packages for Mac OS X and made millions.
- Emil Motycka
It seems a simple task like mowing lawns can make you millions. Emil started a lawn mowing business at just nine years old. He was a focused entrepreneur with success in his mind. When he was 13, he took out a loan to buy a commercial lawn mower.
At 18, he established his business Motycka Enterprises and made more than $100,000. Emil’s business grew and he went on to make millions after that.
- Adam Hildreth
By the time Adam was 16, he was a millionaire. He achieved this by creating a popular social network in the UK, Dubit, for teenagers. It was one of the most visited teen websites in the UK. Coca-Cola set up focus groups with members of the site to help market their products to the youths.
Adam made the UK’s top 20 richest teenage list in 2004. His net worth was £2 million.
Adam was impressed with the way it grew and wanted to do more to help his peers. So, he created Crisp which is a site aimed at protecting children from predators roaming online.
- Leanna Archer
This shrewd girl started her entrepreneurial journey at a young age. At 9 years old, she launched her own natural hair care products. Her secret recipe was handed down from her great-grandmother in Haiti. Leanna kept the recipe going and made hair pomade, oils and conditioners. It started when friends, neighbors and people she met wanted to know what she used in her hair.
She gave out samples in Gerber jars. Her venture took off and she was interviewed by the local newspapers. She became known. People handed her money for hair products. Leanne did extremely well and received over 350 online orders each week.
She made more than $100,000 every year. She’s worth more than $3 million.
- John Magennis
It seems web design businesses started by teenagers are booming. John started his business in his bedroom with a small investment. He taught himself how to build websites and design. He sold his services online for a few dollars. He was only 14.
Because of the professionalism of his work he became well known in the industry. He charged $15 for each site and eventually raised it to $30,000. John made his first million by the time was 16.
- Farrah Gray
He was raised on the poor side of Chicago. To make some extra cash Farrah sold body lotion and hand-painted rocks as bookends when he was just 6 years old. He had a big vision at 7 and his business cards read “21st Century CEO.” Amazingly, when he turned 8 he was the co-founder of Urban Neighborhood Enterprise Economic Club (U.N.E.E.C.) on the Southside of Chicago.
He established his business Farr-Out-Food at 13. The business produced orders worth more than $1.5 million when he turned 14 years old.
Farah made history as the youngest self-made millionaire at 14 years old. He was the youngest person to receive an honorary doctorate and to have an office in Wall Street.
- Elise and Evan MacMillan
Teaming up with her grandmother as a 3-year-old toddler to make candy paid off for Elise. She made Rice Krispie Treats in the kitchen with her grandmother. After that, she experimented with different types of chocolate chips and confections.
Her entrepreneur skills continued and at 10. She worked with her brother in a commercial chocolatier. They then went on to establish their farm-themed company Chocolate Farm. From there they developed bespoke chocolate and candies for businesses. Their company grew rapidly and they employed 50 staff.
“Put your heart, mind, and soul into even the small acts. This is the secret of success.” Swami Sivanada
These successful teenage entrepreneur millionaires had optimistic mindsets. They knew what they wanted. Although for some it was not plain sailing. However, they didn’t quit. They worked hard physically and mentally to get to where they wanted to be. The takeaway lesson is, life is what you make it. If you want to succeed, take steps towards building a successful lifestyle. Do whatever you need to get there. If you fall along the way, pick yourself up, learn from your mistakes, start again and keep going till you get to your destination. Never ever, quit.