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Crazy kid from highschool makeing $76,000 a year

Discussion in 'BlackHat Lounge' started by emerica1184, Jan 16, 2011.

  1. emerica1184

    emerica1184 Jr. VIP Jr. VIP Premium Member

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    google ryan silvernthorn and its the first link

    I went to highschool with him. Drives around in a new audi.

    edit:

    While most high school students work as baggers, busers, and ice cream scoopers for a little over minimum wage, Ryan Silverthorn, sophomore, is the CEO of his own company, Silverthorn Networks, Inc.

    How does a 16 year old end up making $78,000 a year?

    ?It all started with $500 and an idea,? Silverthorn said.

    After building a website for a club, Silverthorn decided to make some for himself. He searched ?building websites? and eventually came across webhosting. Webhosting is a business that provides the software, servers, and support to create and maintain a website. Twenty websites later, Silverthorn decided to try out the webhosting business.

    In Feb. 2006, Silverthorn created GARA Web hosting, a reseller for Snappy Communications. A reseller uses the servers and support of the company it is selling for and only makes a profit in the price difference between the wholesale price the company sets and retail price that the reseller sets. Resellers are basically used as a means of advertising for the companies that employ them.

    ?To get started I pulled $500 out of my bank account to buy software and purchased ad space on Google, Facebook, and Yahoo,? Silverthorn said. ?After a month or two [the sales] started coming.?

    Early on in Silverthorn?s freshmen year, he decided that he wanted to make more than the 10 percent he was making off domain sales and the 35 percent he was making off hosting sales while being a reseller. With the profits from his company, Silverthorn bought Dell Outlet servers online about every three months until he had 15 of them.

    ?I said ?I can?t take it anymore,? so I bought a C-Panel which is software that runs hosting, and I bought servers from the Dell Outlet,? Silverthorn said. ?Now I could resell the plans without having to pay [Snappy Communications].? Silverthorn?s 15 servers are co-located at a Liquidweb building in Lansing, MI. Co-location is when rack space is rented out for the servers that are necessary for the webhosting business.

    ?When the Dell servers were shipped in from Texas, I went to Liquidweb in Lansing and put the servers there because I wanted specific settings set up,? Silverthorn said. ?I am also renting servers in Freemont, CA and Birkshire, London in the United Kingdom.?
     
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    Last edited: Jan 16, 2011
  2. Spawn

    Spawn Jr. VIP Jr. VIP

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    Only 80k . Hope he has other businesses. I'd cut my wrist
     
  3. BlackCapped

    BlackCapped Newbie

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    Very motivational. Glad to hear of his success, especially at such a young age.
     
  4. portugalkix

    portugalkix BANNED BANNED

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    It is not that much. I am at highschool too, and just started to make around 400-1000k daily.
    Last year I earned around 10k. This year I promised to me I will make 100k at least.
     
  5. crepito

    crepito Junior Member

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    Of Course you did.
     
  6. ilanru

    ilanru BANNED BANNED

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    Too much teenager's making money : P
     
  7. acotut

    acotut Elite Member

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    Yea lol,competition is increasing
     
  8. portugalkix

    portugalkix BANNED BANNED

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    Of course I will this year ;)
     
  9. WhiteCrown

    WhiteCrown Newbie

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    hope not a unofficial advertisement (to by ad space- PPC) by those giant search engines :p

    hats off for those teenagers :)
     
  10. biosclan

    biosclan Regular Member

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    Who knew math can be so painful lol
     
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  11. flymethod

    flymethod Regular Member

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    I'll take the $80K since I can live very comfortably with $40K a year where I live. =)
     
  12. uditbhansali

    uditbhansali Regular Member

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    I Completely agree with you...I'm just making something like 700$ a month right now. I joined this site 6 months ago and it took me a while to understand how all these things work and I earned my 1st $ in November. I felt so happy that I bought myself an iPhone 4 for this christmas. It's very difficult to even earn 1$ and the person who earns that money knows the importance of every single $.

    Now I'm aiming for 1k a month. Hope so I reach my target by next month.

    Cheers,

    Thank you BHW!!!
     
    Last edited: Jan 16, 2011
  13. Jcsarokin

    Jcsarokin Power Member

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    haha loving the people getting called out ;).

    80k a year is impressive, especially for a highschooler.

    The thing to note here is that he's actually gone out and done something.

    Sure 80k isn't a huge amount of money in and of itself, but the potential this kid has will be astronomical when he continues to learn and expand his business. If he re-invests even a small fraction of that, he can expect another huge jump from 80k to 160k, then the rest is history.

    I'm sure any hosting company would love to have him on board, but I doubt that he's the type of person who would settle for anything less than CEO.
     
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  14. J1218

    J1218 Power Member

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    I hope you're being sarcastic. Most people would be happy making 80k. Now add the fact that this kid is 16, still in high school, and he makes that much being his own boss instead of working for someone else.

    I think that's pretty damn impressive. While most kids his age are bagging groceries or cookin fries, he's running his own business and making more than most adults do that slave away for 40+ hours per week at a j.o.b
     
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  15. oyeah22

    oyeah22 Power Member

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    man give the kid some credit...he's only 16 and making 80k a year...Yeah it may not be as much as some people on here but it sure is alot more than alot of people make... Plus like I said he is 16...if your making 80k a year when ur 16 your setting yourself up in the future for more success for sure.
     
  16. goodguy333

    goodguy333 Junior Member

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    I am yet to see 80k,leave alone earn it....:p
     
  17. portugalkix

    portugalkix BANNED BANNED

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    Oh God. Sorry I was so tired, after 2 days without sleeping. I meant, 400$ to 1k$. Lol, I am not that stupid to said I earn 1000k a day. My mistake.

    This is the screenshot. http://img228.imageshack.us/f/48875366.png/
    Ok now, back to work. The day just started for me :)