Love the internet? While her friends were playing around on MySpace, Weina Scott got into podcasting.
With $0 in start up capital, Weina Scott is now earning $40,000 per year working just 20 hours per week - after doing her homework. She's just 17.
She and a friend - who lives in Minnesota - started the website Switchpod.com which allows users to upload audio and video to share. In just a few months they were up to 300,000 visitors per month and charing them $5 - $30 per month depedning on how much they uploaded in addition to a free, advertising supported option.
But that's not where the money is.
They were purchased by a larger company because of the potential. At 800,000 downloads per month, they can attract major advertisers.
In anticipation of that golden day, the people who bought the company paid the two creators (Weina and her friend) $200,000 in stock plus $40,000 per year each in salary!
What a great way for teens to make money!
Want to know more? Check out this great story at the Miami Herald and listen to the interview there... by podcast of course!
Photo Courtesy RONNA GRADUS/MIAMI HERALD STAFF
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Thanks for reading these tips on how teens make money! Please refer your friends!
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