Sunday, May 14, 2006

Young web entrepreneurs

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Young web entrepreneurs are back. Tom Forenski gives the example of his 14 years old son Matt. Tom runs SVW, which barely makes any money out of advertisement ($20/month...). On the other hand Matt has bought 50 domain names and makes $310/month out of online advertisement.

And teens start being asked by small businesses to set up blogs or websites for them.

This example can be extended to offshore companies - if you partner with an offshore company, spend a bit of your time training them to "how to make money out of personal websites". And allow developers to work 1/2 day a week on personal projects.

In our case, this is ideal, since they use the JDD as website development tool. While using the software for their personal projects, they program add-ons, fix bugs, improve architecture. They get payed through the advertisement we stick on their site (Google, which is currently the highest ROI), and they get a chance to test the application in a real life environment,

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