How Can We Earn Millions Of Dollars Before The Age Of 20?

American magazine published 4 young millionaires' entrepreneurial experiences: common sense: having a keen sense of business and turning the idea into reality.

The website of Forbes magazine recently published 4 successful young people in the United States and Britain.

These young people start their business before the age of 15, and their personal assets exceed 1 million dollars before the age of 20.

What these young successes have in common is a keen sense of business and a great effort to turn ideas into reality.

Another common feature is that most of them make use of the Internet.

In 2002, Doherty, a 14 year old boy living in Edinburgh, England, liked to make jam with her grandmother's recipe at home. Fraser Doherty, who lived in the UK, was making a pot of gold.

Neighbors and friends praised Doherty's jam.

Soon, Doherty received the first order of jam.

Because family production is difficult to complete the order, Doherty signed a contract with a 200 person scale food processing plant. The factory took a few days a month to make jam for him.

At the age of 16, Doherty chose to give up his studies and devote all his time to his jam business.

In early 2007, Waite Ross supermarket in Waitrose approached Doherty, hoping to sell his "super jam" product.

A few months later, "super jam" began to appear on the shelves of the 184 chain stores of the company.

Since then, Tesco, a British retail giant, has bought "super jam" and sold it in its 300 chain stores.

The "super jam" developed by Doherty is made from fruits that are of great benefit to health. At the same time, he changed the secret recipe of jam to make the jam more healthy.

In 2007, sales of "super jam" amounted to $750 thousand. In 2008, it was expected to sell 50 thousand cans of jam in the month, and the annual sales volume would be $1 million 500 thousand.

Doherty, 20, has more than $1 million in personal assets.

"I am not adventurous," I said.

We must have our own views on adventure and enjoy this journey. "

In 1994, Johnson, the boy who lived in Virginia, started his first business in life. He invited his parents to the ten day holiday party.

At that time, he was only 9 years old.

At the age of 11, Johnson saved thousands of dollars by selling greeting cards, and named his company "joy and tears."

At the age of 12, Johnson bought 100 sets of "bean dolls" collected by his sister for $100, and sold the doll made by these TY companies to 10 times earnings through the eBay website.

Johnson sniffed business opportunities, and then contacted TY company to bulk purchase "Doudou baby", and sold it through the "electronic harbor" and "joy and tears" company website.

Johnson accumulated $50 thousand in less than a year.

Later, he used the money as a principal to create a MyEZMail mail service system that could keep confidential personal information for his customers.

Two years later, My EZ Mail benefited 3000 dollars a month.

In 1997, Johnson co founded Surfingpries network advertising company with two other young people to get huge profits.

Johnson, 23, said: "before I graduated from high school, I had more than 1 million dollars in assets."

"We should break through ourselves and not be afraid of being rejected," he said.

Cook, a brother and sister, was a social networking site. He gathered 3 million users. In 2005, when the 15 year old American girl Catherine Cook and her 17 year old brother Dave Cook read the high school graduation album, they came up with the idea of putting the album on the Internet.

So they persuaded brother Geoff to invest $250 thousand to help them establish MyYearbook.com social networking sites.

Although many investors want MyYearbook.com to move its headquarters from New Jersey's Stewart to New York, and hope to add advertising content to the user's personal information page, Cook brothers and sisters insist on their ideas and refuse these requests.

In 2006, the website raised from Vc firms to US $4 million 100 thousand. Since then, business has been developing rapidly. Disney, American Broadcasting Company (ABC) and Neutrogena Corporation have become advertisers.

Nowadays, My Yearbook.com is popular among many young people and has 3 million users worldwide.

Catherine said that the annual income of the website now achieves "7 figures".

Catherine is not worried about the competition for famous social networking sites such as MySpace and Face-book.

She says websites are mainly aimed at high school students and listen to their suggestions at any time.

According to Xinhua news agency, "our website is mainly aimed at high school students, and we listen to their suggestions."