- While on a business trip to China with her father, Beau Jessup was asked to name the child of his business associate
- Jessup, then aged 15, identified a niche in giving Chinese babies English names and launched her business
- At only 19, the young girl has made N163 million from the business and is paying for her college education
A British teenager has discovered gold in naming Chinese babies.
Jessup is the founder and CEO of Special Name, a site that helps Chinese parents get culturally appropriate English names for their kids.
The young CEO started the business in 2015, then aged 15, after accompanying her father on a business trip to China, Inside Edition reports.
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One of his business associates asked if she could help name her child.
“I was honoured and surprised. It seemed like a really important thing to do.It occurred to me that if they needed this service, then maybe other parents would as well,” said Jessup.
She borrowed N801k from her father, launched a Chinese language site, and set to fill the database with over 4,000 names.
She initially provided the service for free but introduced a fee of N240.
In six months, she had made over N21.8 million naming 200,000 babies. Jessop has thus far named a total of 677,900 babies, taking her earnings to N163 million.
Asked how she spends her money, Jessop said aside from paying for her college education, she is investing in property and paying back her dad with interest.
The teenager is currently in talks to sell the business but plans on using the experience gained for future business endeavours.
“I hope to use what I have learned from Special Name so that I can add value to other businesses,” she said.
Young siblings start crypto business that now pays them millions monthly
Meanwhile, Legit.ng previously reported how two young siblings started a crypto business during school holidays that now pays them millions.
The siblings first had to learn how to mine cryptocurrency, which is not a walk in the park.
According to the siblings, their parents have been supportive, and their dad even took a loan to help them acquire expensive equipment used in mining cryptocurrency.
However, mining cryptocurrency also consumes a lot of energy and requires a lot of computer power. The family said their monthly electricity bill is around N1.2 million.