Sunday, July 20, 2008

Uncommon Wealth: Young Entrepreneurs

Anyone needing reassurance that there is plenty of money to be made online if one makes the right investments and chooses the right places to advertise their stuff can look to the young entrepreneur Ashley Qualls, who owns and started a website that brings in $40,000-$70,000 a month. Ashley began her business in 2004, making MySpace layouts for her friends. The layouts soon became so popular that she started a website where people can use her layouts on their MySpace profiles. The result is a case of uncommon wealth: at just 18 years old, she’s already bought a $250,000 home for her family.

She first began making money when she needed to get a server in order to handle all the traffic to the website she had started. In order to pay for the server for the site, she signed up for Google ads to be on her website and was more than a little shocked when the first check came in from Adsense: $2790. She had considered the investment of a server to be a bit of a risk, but was willing to jump in head first and really make a go of her website. This is an inspiring story for anyone who thinks that there’s not a way to make this kind of money online; wealth can be just around the corner if you find a domain where there is significant interest on the part of the public and not too much competition from other services providing similar options.

Not only does Ashley’s website (www.whateverlife.com) make a pretty penny each and every month, but she’s also received several significant offers from various investors looking to purchase her site. Her site makes a finite income each month and some investors thought that she would be delighted to sell her site for more than a million, but Ashley has refused each offer and continues to maintain and develop the business herself.

As far as wealth is concerned, this might not be the smartest move, especially considering the rivalry between MySpace and FaceBook. MySpace is slotted to be headed out the window in the future, and FaceBook doesn’t use layouts the way that MySpace does, so it could be that there’s an end in site for the income that Ashley’s site is bringing in each month. If that’s the case, her wealth has already been more than established, but some analysts consider Ashley foolish for holding on to the site instead of selling it. It could be that she would gain more financially from selling than she’ll make in all the months until the site becomes disused.

On the other hand, Ashley’s business sense and early wealth are a testament to her sense of building a business and sticking to the details in order to turn a profit. She took risks at such a young age, but then again, her risks were not primarily financial, and those that were financial were not significant investments. Her success story is one that will continue to be told for a long time and will hopefully inspire generation after generation of web-based entrepreneurs.

http://viralurl.com/mrhomebiz/56712731/

http://tech.blorge.com/Structure:%20/2007/09/17/detroit-teen-turns-myspace-passion-into-1-million-business/

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