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How a 16-yo Kid Made His First Million Dollars Following His Hero, Steve Jobs

His name: Christian Owens. His age: 16. He made his first million dollars in two years, "inspired by Apple's CEO Steve Jobs". This is how he did it.

The British teen—who lives in Corby, Northamptonshire—got his first computer age seven. Three years later he got a Mac and taught himself web design. Four years later—at age 14, in 2008—he started his first company. It was a simple site that some of you may know: Mac Bundle Box. The site was pretty, rooted into Apple's own design guidelines and style, but actually was even closer to MacHeist, which has done the same package-bundling price plan for a while now.

The page sold a package of very neat Mac OS X applications for a discounted price and for a limited time. He would negotiate with the developers to get a discount deal on their apps. The resulting bundle had a combined retail value of around $400, but he would sell it for a tenth of that price. (You know, like MacHeist, which we've featured before.)

Not only that: If enough people bought the package, a new application would get unlocked for all buyers, which guaranteed very good word-of-mouth promotion. And to top it all, Owens dedicated a percentage of all sales to charity.

The idea did well. Very well, in fact: In its first two years, Mac Bundle Box made $1,000,000 (700,000 British Pounds).

Not happy with that success, Owens jumped into a new venture called Branchr, a pay-per-click advertising company that distributes 300 million ads per month on over 17,500 websites, iPhone, and Android applications. The company, which claims to deliver "contextual, behavioral, publisher-defined, and geographically" targeted ads in those platforms, has already made $800,000 in its first year and employs eight adults including his 43-year-old mother, Alison.

He doesn't know where he would be in 10 years, but the next thing he wants to do is to make one hundred million British pounds with Branchr. He seems to be on his way to success. He claims his business is growing strong—Branchr has already bought another company—and he reinvests all the money back into the company.

His secret to success? There's no secret, he says:

"There is no magical formula to business, it takes hard work, determination and the drive to do something great."

And also copying MacHeist.

In an age of idiotized kids who can't focus on anything, we salute you, Christian.

August 13, 2010
Gizmodo
http://gizmodo.com/5612145/how-a-16%...ero-steve-jobs
(Great Britain)

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Posted in: News by NewsBot on August 21, 2010 @ 12:47 AM

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