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10 Year Old CEO of a $500,000 Company - Interesting Read!

by bettersocial
26 replies
Just read this on AOL

I'm pretty sure some of you must've come across it before. Just wanted to share it with all you guys

Meet the 10-Year-Old CEO of a $500,000 Family Business - AOL Small Business
#$500 #ceo #company #interesting #read #year
  • Profile picture of the author Chris The Traffic Blogger
    I saw on another forum where people were arguing over whether this little girl would have made the business without first buying the topper for inspiration.

    Had the daughter not purchased the pencil topper, who knows what she would have focused on instead. I don't believe the entrepeneurial spirit dies so easily. Perhaps it would have been bookbags or earings, but regardless of what she ended up doing, you can't remove that way of thinking from anyone.

    It's rare, it's powerful and it's worth a hell of a lot of money.
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    • Profile picture of the author Jason Perez O'Connor
      Originally Posted by Chris The Traffic Blogger View Post

      I saw on another forum where people were arguing over whether this little girl would have made the business without first buying the topper for inspiration.

      Had the daughter not purchased the pencil topper, who knows what she would have focused on instead. I don't believe the entrepeneurial spirit dies so easily. Perhaps it would have been bookbags or earings, but regardless of what she ended up doing, you can't remove that way of thinking from anyone.

      It's rare, it's powerful and it's worth a hell of a lot of money.
      Although I'm pretty sure she did not anticipate this level of success

      They must shift a sh*tload of products to make the money. Their products are on the low-end.

      Just goes to show what the power of numbers can do for you, and is a great lesson for those who think high ticket items are the only way forward
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      • Profile picture of the author paulie888
        Originally Posted by Jason Perez O'Connor View Post

        Although I'm pretty sure she did not anticipate this level of success

        They must shift a sh*tload of products to make the money. Their products are on the low-end.

        Just goes to show what the power of numbers can do for you, and is a great lesson for those who think high ticket items are the only way forward
        Volume is what makes many businesses (especially offline ones) money. While each squishy pencil topper (I'm not even sure what that is, lol!) probably costs less than a dollar each, moving them by the thousands daily is what generates this considerable revenue.

        I just scanned through their website, and apparently what makes them so incredibly popular is the fact that each toy has an online component to it - you get a code with each squishy that lets you into an online gaming world that is interactive and probably very, very addictive as well!
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        • Profile picture of the author bettersocial
          Originally Posted by paulie888 View Post

          Volume is what makes many businesses (especially offline ones) money. While each squishy pencil topper (I'm not even sure what that is, lol!) probably costs less than a dollar each, moving them by the thousands daily is what generates this considerable revenue.

          I just scanned through their website, and apparently what makes them so incredibly popular is the fact that each toy has an online component to it - you get a code with each squishy that lets you into an online gaming world that is interactive and probably very, very addictive as well!
          Volume is the reason behind WalMart's success as well, just on a different scale altogether.

          But then, high cost is the reason behind Louis Vuitton's succcess too.

          You can pretty much go either way - high price, low volume; low price, high volume. The key is to deliver something that is worth the price - $1 or $1000, it doesn't matter; there are plenty of buyers for both niches
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    • Profile picture of the author bettersocial
      Originally Posted by Chris The Traffic Blogger View Post

      I saw on another forum where people were arguing over whether this little girl would have made the business without first buying the topper for inspiration.

      Had the daughter not purchased the pencil topper, who knows what she would have focused on instead. I don't believe the entrepeneurial spirit dies so easily. Perhaps it would have been bookbags or earings, but regardless of what she ended up doing, you can't remove that way of thinking from anyone.

      It's rare, it's powerful and it's worth a hell of a lot of money.
      I had the same kind of skepticism when I first read it. "10 year old CEO" sounds like a terribly great marketing hook.

      Regardless, I feel this is a genuine case. We don't scoff at stories of Mozart composing symphonies at age 3, nor do we discredit child prodigies who complete university degrees at 12. So why be skeptical about an entrepreneurial prodigy?
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  • Profile picture of the author TBInternetMarketing
    Wow, if that's not inspiring I don't know what is.
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  • Profile picture of the author developyourlife
    Wow I clicked on that thinking "No way!" but wow that's amazing!
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  • Profile picture of the author talfighel
    That is awesome. She will be a total success story for the rest of her life.

    Very inspiring.

    Tal
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  • Profile picture of the author JasonParker
    Whoa, cool story. Thanks for sharing. Inspiring.
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  • Profile picture of the author ben1ewis
    Amazing, well they say children are like sponges - some more than others. Great, good on her.
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  • Profile picture of the author donxdeme
    Amazing, Thanks for sharing.
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  • Profile picture of the author entrepreneurjay
    That is awesome very good story I wish her a lot of luck....
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  • Profile picture of the author Mike McAleer
    It goes to show that age doesn't matter. You can't be too young or too old.
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  • Profile picture of the author SmartHealthShop
    that is a great article and was an interesting read - thank you so much for sharing it!
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  • Profile picture of the author tinytot11
    Her ideas have made it possible for her parents to quit day jobs.
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  • Profile picture of the author Fazal Mayar
    We often hear that it's never too late to start but what about its never soon enough to start either? Kids these days are amazing me.
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  • Profile picture of the author Capitalist_Pig
    This is actually my plan for my daughter. I don't expect her to be a "CEO", but I do expect her to take the lead and make her own money online when she's young. She's two right now, and we plan to homeschool, so she will have time to devote to it.

    I don't care if she's successful at it, though I'm confident she will be. I want to teach my children that no one is going to look out for them in life but themselves, and that if they want to be truly wealthy, the only real way to do it is to work for yourself.
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    • Profile picture of the author Simon Ashari
      Originally Posted by Capitalist_Pig View Post

      This is actually my plan for my daughter. I don't expect her to be a "CEO", but I do expect her to take the lead and make her own money online when she's young. She's two right now, and we plan to homeschool, so she will have time to devote to it.

      I don't care if she's successful at it, though I'm confident she will be. I want to teach my children that no one is going to look out for them in life but themselves, and that if they want to be truly wealthy, the only real way to do it is to work for yourself.
      I commend you on your dedication and foresight.

      Unfortunately in this day and age we (as a society) do not teach kids to be entrepreneurs (or at least don't do it the right way).

      Instead kids are taught to listen to the teacher (a job which by its very nature attracts risk averse people).


      Regards

      -Simon
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  • Profile picture of the author wendymay1
    Its does not take much to think of an idea and run with it.

    Encouragement and a positive mental attitude comes with all the mix of

    a business aptitude. Great guns girl.
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  • Profile picture of the author mjarel
    Ahan.. interesting.. this called a strong determination.
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  • Profile picture of the author HigherPrThanGod
    No, not gonna read it, It'll just depress me further.
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  • Profile picture of the author O0o0O
    Pencil Toppers: $0.85 cents per click
    Subscribers: 12,000
    Conversion Ratio: 1/15
    Clicks: 180,000
    Parents Expenditures In Adwords: $153,000
    Business Revenue: $500,000

    That sounds about right. What do you all think?
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  • Profile picture of the author BudgetSEO
    As people say - 'Born with the silver spoon'
    -S
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  • Profile picture of the author Karan Goel
    I think it's better to not get lost getting inspired. There are thousands of teen millionaires, and you could spend hours and hours reading them. Or you could spend that time in something more productive.!

    Just my $0.02.

    Karan
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    • Profile picture of the author David Uebergang
      "But that pattern changed in 2009, when the family went to a restaurant that had a vending machine with pencil toppers. Hannah was transfixed and asked her father for a quarter. Rick suggested it was a waste of money, but Hannah really wanted one, so he gave her a quarter. Best money he ever spent."

      Well spent quarter indeed
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      • Profile picture of the author Rashell
        Nice! That sure beats sitting out in the sun with a lemonade stand.

        Rashell
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