Zoobie Pets Sales Over One Million Dollars

Reed Smoot and his brother JC had a great money making idea that led to creating a line of products called Zoobie Pets that are sold in more than 30 different countries and over 1,000 stores. These brothers noticed that the toddlers in their family liked to carry blankets and pillows with them everywhere they went and so they used that idea to create cute fuzzy zoo animals that each has a blanket inside of it. So toddlers can carry a cute animal toy that is also a pillow and blanket.

Reed, 29, and JC, 26, of Provo, Utah, started the company with Ryan Treft, 26.  They became extremely successful entrepreneurs. The first year of sales for their Zoobie Pets reaped over one million dollars in revenues. Who would know that catering to the toddler community could be so lucrative.

What made them successful?

1. They had a clever product that was unique and appealing.
2. They attended a Toy trade show in 2007 and received orders from over 100 stores as well as signing up several international distributors.
3. They limited their sales to high-end stores like FAO Schwartz and Harrods.
4. They only allowed purchases in container loads so that the distribution system was controlled.
5. They adhered to safety rules in manufacturing their products
6. Reid Smoot actually moved to Shanghai, China to oversee manufacturing of their toys.

These Zoobie Pets sold well last year and are predicted to be very popular Christmas presents for 2008. What a great money making idea by some very young entrepreneurs.

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Facebook Used to Make Money Online

Brian Campbell made $25,000 in 21 days on Facebook

Brian Campbell made an initial claim on his Facebook page that he could make $10,000 in 37 days.

 Well, he surpassed his original claim and made $25,000 in 21 days. He decided to pay it forward and gifted John Chow $10,000. 

So, how do you make money using Facebook?

To begin with, sign up for an account and learn how to use various applications of Facebook to reprint your website blog feed, find and communicate with friends, post videos, provide valuable content to your visitors and provide leadership to anyone who wants to improve their financial condition. 

History of the Development of the Facebook Website

In 2008, Forbes Magazine declared the founder of Facebook, Mark Zuckerberg, 24 years-old, the youngest self-made billionaire on earth with an estimated net worth of $1.5 billion U.S. dollars. Described as a young geeky computer programmer, Mark is the mogul who is guiding the extrodinary growth of Facebook.

In 2006, Yahoo offered to buy Facebook for a billion dollars, but Mark Zuckerberg declined. Microsoft then made him an offer of $240 million dollars to gain 1.6% of the company. Based on this information, some analysts came to the conclusion that Facebook is worth $15 Billion dollars. Not all analyst agree on that valuation. 

Mark Zuckerberg is not new to the field of computer programming. He wrote his first software program in the 6th grade. In high school he was approached by both Microsoft and AOL due to a hacking project he was involved in. He decided to go to Harvard University instead. 

He built the original Facebook site in two weeks, while attending Harvard. Within a short period of time, more than 2/3 of the student body at Harvard was using the program. Within four months they had launched the program to over 40 colleges. He expanded Facebook to be used in high schools and then in 2006, he opened it up to the public. 

Facebook now has more than 700 employees, has hired a lawyer, shares more than ten billion photos, has 100-million-plus users and is connecting people with each other like they have never been able to connect before. 

Facebook Helps Entrepreneurs 

It has been said that marketing in 2008 begins with conversations and what better way to have conversations with people than being an active member of the Facebook community? People around the world are using Facebook to connect with each other for social purposes and that provides the ultimate medium to network and share your personal recommendations for a huge variety of products and purposes. What kind of marketing system can you create on Facebook?

Watch the interview with Mark Zuckerberg on 60 Minutes here:

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Entrepreneur Profit Maker

Salt Lake City, Utah was the host to a large Gem and Jewelry show where hundreds of entrepreneurs gathered to sell their jewelry and gems to eager crowds.

I interviewed one entrepreneur profit maker, Pradeep Pradhan and asked him what he liked about selling his jewelry at the Salt Lake Gem and Jewelry show. In the amatuerish video (I will get better at this), Pradeep tells us about his best money maker.
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Nine Million People in the United States are Millionaires

According to www.cnbc.com, some of the nine million people feel poor.  They are the "middle class" millionaires.  Laurel Touby, a successful internet entrepreneur, who recently sold her website www.mediabistro.com for $23 million could be one of them. She tells CNBC that she is not that rich.

Money Making Idea

She wanted to build a website to include a community for the media where there were job listings, bulletin boards, classes,  and a freelance marketplace.  She raised money for her website by hosting parties where she invited editors, writers, and other content creators.  Her parties went on and on and her contacts grew to thousands. Now, her website is worth $23 million, with an Alexa page ranking  of  5,275 , which means that the number of visitors she gets is within the top 100,000 most popular sites in the world. There are  2,745 websites linking to mediabistro.com.

She sold her website in July of 2007 to Jupiter Media. She called her rich friends to see what they recommended she buy with her newly acquired wealth.  When she was told to invest in a jet, she laughed and thought that if she did that, her money could be gone in an instant.

See how the really rich live

According to CNBC.com, a financial news site,  "In 1985, there were 13 billionaires in the United States and today there are over 1,000 billionaires." CNBC has a special page devoted to videos and information about the investment bankers, hedge fund managers and private equity partners who make up the .001% of our population.  What toys do they play with? Perhaps a Rolls-Royce, Ferrari, or Dusenberg would pacify them? Find out how many cars Tim Durham, a 45 year old financier from Indiana has in his garage.

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