Homework: self-made billionaires / millionaires

im going to type about not 1, but 3 self-made billionaires / millionaires

1:Fraser Doherty: Grammy’s Jam

Fraser Doherty began at the age of 14, using his grandmother’s recipes to make homemade jam, which he sold to his neighbors in Edinburgh, Scotland. By 16, he’d created a huge demand for the stuff by tweaking the recipes on his own and calling it “SuperJam.” Business picked up so well that he dropped out of school to work full time, and he was soon after approached by a reputable supermarket chain in the UK in 2007, who offered to stock his product in all 184 of its stores. Taking out a loan worth around $9,000 from a local bank, Doherty used the money to cover expenses, including more factory time to increase production. And in 2009, with the help of his supermarket chain connection and the addition of Asda Wal-Mart as a stocking client, Fraser hit $1.2 million in sales. He also published a book called “The Superjam Cookbook,” available for sale through Amazon. “I can’t be preoccupied with the money,” he says. “I make jam because it’s what I love to do. Success is pretty sweet too.”

2. Ashley Qualls: Layout Loot

In 2004, 14-year-old Ashley Qualls launched WhateverLife.com as a means to show off her design work after a few years of studying HTML. Her site had virtually no traffic until she began offering free custom Myspace layouts to fellow classmates. By 2005, with only word of mouth for advertising, her site began to explode with visitors seeking cool designs to personalize their social network page. That was when she joined Google’s Adsense program, which supplied ads to her site and paid her a share of the click revenue. With site traffic now buzzing, she began accepting offers from various companies to advertise their products or services on her site in exchange for payment. An undisclosed bidder even offered to buy out her site in 2005, for a reported $1.5 million and the car of her choice (not to exceed $100,000). She turned it down, opting instead to continue running the site she had started on a total expenditure of $8 for the domain name. WhateverLife.com now plays host to an estimated seven million visitors per month and continues to earn Ashley millions in advertising loot. She bought her own $250,000 home in Southgate, Michigan in 2006.3.

Cameron Johnson: Greeting Card Green

  When Cameron Johnson’s parents asked him to design invitations for an upcoming holiday party they were having, he probably had no idea just how far it would take him. Impressed with the results of his work, people around the neighborhood began offering him money for other designing jobs. By age 11, he had banked several thousand dollars in revenue with “Cheers And Tears,” his own custom line of greeting cards. Determined to keep the ball rolling on a good business sense, he took the money he made from the greeting cards and formed his first online business, SurfingPrizes.com. The site, a pay-per-ad toolbar service, paid off big to the tune of $300,000–400,000 per month. Before he even graduated from high school, Cameron had amassed a net worth in combined assets estimated at $1 million. Cameron went on to sell the company name and software at age 19, but held onto the customer database he’d built up, leaving business options open to himself for the future.

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