10 Year Old CEO of a $500,000 Company - Interesting Read! | Warrior Forum - The #1 Digital Marketing Forum & Marketplace

9 years ago

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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Jason Perez O'Connor

9 years ago

Originally Posted by 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.

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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paulie888

9 years ago

Originally Posted by Jason Perez O'Connor

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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bettersocial

9 years ago

Originally Posted by paulie888

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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bettersocial

9 years ago

Originally Posted by 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.

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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TBInternetMarketing

9 years ago

Wow, if that's not inspiring I don't know what is.

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developyourlife

9 years ago

Wow I clicked on that thinking "No way!" but wow that's amazing!

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talfighel

9 years ago

That is awesome. She will be a total success story for the rest of her life.

Very inspiring.

Tal

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JasonParker

9 years ago

Whoa, cool story. Thanks for sharing. Inspiring.

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ben1ewis

9 years ago

Amazing, well they say children are like sponges - some more than others. Great, good on her.

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donxdeme

9 years ago

Amazing, Thanks for sharing.

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entrepreneurjay

9 years ago

That is awesome very good story I wish her a lot of luck....

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Mike McAleer

9 years ago

It goes to show that age doesn't matter. You can't be too young or too old.

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SmartHealthShop

9 years ago

that is a great article and was an interesting read - thank you so much for sharing it!

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tinytot11

9 years ago

Her ideas have made it possible for her parents to quit day jobs.

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Fazal Mayar

9 years ago

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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Capitalist_Pig

9 years ago

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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Simon Ashari

9 years ago

Originally Posted by 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.

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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wendymay1

9 years ago

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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mjarel

9 years ago

Ahan.. interesting.. this called a strong determination.

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HigherPrThanGod

9 years ago

No, not gonna read it, It'll just depress me further.

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O0o0O

9 years ago

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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BudgetSEO

9 years ago

As people say - 'Born with the silver spoon'
-S

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Karan Goel

9 years ago

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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David Uebergang 9 years ago

"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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- Rashell 9 years ago
  
  Nice! That sure beats sitting out in the sun with a lemonade stand.
  
  Rashell
  
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