Young entrepreneur Hansup Yoon, 15, recently sold his creation ZuneBoards, an Internet forum devoted to Microsoft's Zune media player, for $62,000. the teenager, who lives in California, created the site months before Mircrosoft introduced its answer to Apple's iPod in 2006.
In less than two years, it grew to 60,000 members with more than 270,000 posts, all about Zune. It has been making about $1,000 a month from Google Adsense and TribalFusion, both with tools that place ads that are relevant to a website's visitors.
When he decided to sell, he posted it on SitePint.com and other sales websites for a minimum of $30,000 or "Buy It Now" for $60,000 Two bidders chose the latter option, and CrowdGather, a California company that has bought more than 70 message boards and forums as a foundation for Internet advertising, upped its bid to $62,000.
CrowdGather founder Sanjay Sabanai wasn't surprised th learn that his acquisition was created and owned by a teenager. "I'm getting more and more used to that, he said. "My first acquisition was a graphic site from someone in Italy. I was blown away when I found out he was 16."
Because Yoon is a minor, CrowdGather negotiated with hes parents, and the deal closed in a day. They used escrow.com, a sit htat acts as a shield against fraud between buyers and sellers of businesses, websites and other ventures.
How Yoon Learned
"I was mostly self-taught from other web development communities like Forums. DigitalPoint.com and NamePros.com," Yoon said. "The Internet is an amazing place. You can practically learn anything you want if you're willing to make a time commitment.
"it is so easy to make money on the Internet: web development, made-for-AdSense site, affiliate marketing, paid to post, and the list goes on," Yoon said.
Word
Forum (n) a place on the Internet where many people can leave messages or discuss particular subjects with other people, all at the same time.
Post (v) to place a message on an Internet website
Up(one's)bid (phr v) to increase the amount of one's offer
Acquisition (n) something that has been obtained
Minor (n) a person under the age at which he or she legally becomes an adult.
Close (v) to complete a business arrangement
Escrow (n) an agreement between two people in which property is kept by a third person until a specified condition is net.
Made-for-AdSense (n phr) websites that are used primarily to get visitors to the site for the sole purpose of clicking on advertisement.
Affiliate marketing (n phr) a system of advertising in which websites run someone else's ads for free, but get paid a percentage for each visit or sale that results from visitors clicking on the ad.
In less than two years, it grew to 60,000 members with more than 270,000 posts, all about Zune. It has been making about $1,000 a month from Google Adsense and TribalFusion, both with tools that place ads that are relevant to a website's visitors.
When he decided to sell, he posted it on SitePint.com and other sales websites for a minimum of $30,000 or "Buy It Now" for $60,000 Two bidders chose the latter option, and CrowdGather, a California company that has bought more than 70 message boards and forums as a foundation for Internet advertising, upped its bid to $62,000.
CrowdGather founder Sanjay Sabanai wasn't surprised th learn that his acquisition was created and owned by a teenager. "I'm getting more and more used to that, he said. "My first acquisition was a graphic site from someone in Italy. I was blown away when I found out he was 16."
Because Yoon is a minor, CrowdGather negotiated with hes parents, and the deal closed in a day. They used escrow.com, a sit htat acts as a shield against fraud between buyers and sellers of businesses, websites and other ventures.
How Yoon Learned
"I was mostly self-taught from other web development communities like Forums. DigitalPoint.com and NamePros.com," Yoon said. "The Internet is an amazing place. You can practically learn anything you want if you're willing to make a time commitment.
"it is so easy to make money on the Internet: web development, made-for-AdSense site, affiliate marketing, paid to post, and the list goes on," Yoon said.
Word
Forum (n) a place on the Internet where many people can leave messages or discuss particular subjects with other people, all at the same time.
Post (v) to place a message on an Internet website
Up(one's)bid (phr v) to increase the amount of one's offer
Acquisition (n) something that has been obtained
Minor (n) a person under the age at which he or she legally becomes an adult.
Close (v) to complete a business arrangement
Escrow (n) an agreement between two people in which property is kept by a third person until a specified condition is net.
Made-for-AdSense (n phr) websites that are used primarily to get visitors to the site for the sole purpose of clicking on advertisement.
Affiliate marketing (n phr) a system of advertising in which websites run someone else's ads for free, but get paid a percentage for each visit or sale that results from visitors clicking on the ad.

