The following was submitted by Joseph M. Davis, a business teacher at C. Milton Wright High School, about one of his students.
How does a 17-year-old teenager manage to make $16,500 in just four months, working about an hour a day?
The million-dollar question might just end up in a million-dollar payout one day.
Meet C. Milton Wright High School Junior Tim Haren, from Bel Air. Tim is your prototypical teenager in many ways. He is a good student, has a bunch of close friends, plays sports, but that is where the similarities stop.
Tim is not working a part-time job at a fast food restaurant like most kids his age, and asking mom and dad for money any chance he gets. In fact, his parents could borrow money from Tim. He is doing something that few teenagers are willing to do, start their own business. He is taking a risk and running his own business, buying and selling sports memorabilia on EBay, Facebook and Instagram.
Oh, and he is damn good, too!
How do I know? I am his Entrepreneurship teacher, and I have heard his predictions months in advance of them actually turning to fruition. He is a prognosticator of sorts. One of his most recent baseball futures tout was Hunter Greene, who appeared on the May 2017 cover of Sports Illustrated several months later.
I have had the opportunity to watch his business grow as part of my E-Business Class. I teach the class using the premise that anyone can start a business today and use "The $100 Startup" by Chris Guillebeau as my teaching guide. Tim has raised his profits significantly since I implemented 2017 $ide Hu$tle Challenge. The challenge was a spinoff of Gary Vaynerchuk's #2017flipchallenge, Chris Guillebeau's Side Hustle School, and J. Money's Side Hustle Series, from Budgets are $exy.
Here is a sneak peek into how Tim has averaged $137 an hour the last four months.
Question: How did you develop a passion for sports memorabilia?
Tim: My obsession of sports and baseball in particular started when I was playing T-ball in Los Angeles back in 2007. I was six or seven at the time and the Dodgers ran a promotion were T-Ball players were able to get on the field, meet with players, and get autographs. I was fortunate enough to do this for four years in a row with my parents. I have been doing it ever since.
Question: How do you make so much money as a teenager?
Tim: I go to as many sporting events signings as possible to get autographs. My favorite event to go to is the MLB All-Star Future's Game. There are a lot of up and coming stars there, who are willing to sign for you. I even buy them online in large quantities and resell them for a profit. I just sold 11 Andrew Benintendi balls for $1,020 in one day. I bought them for $65 each and made a profit of $304.92 in one day on EBay. I have made $800 in profit alone for the month of April on Benintendi signed balls alone. I even buy giveaways from fans at games too.
Question: What is an example of a way you made money off a giveaway at sporting event?
Tim: I recently bought eight Orioles Welcome Mats from Red Sox fans for $5 apiece. I resold them and the two my dad and I got free with our stadium entry for $50 each. I made $500 in sales and about $400 in profit. I am eyeing up the Baltimore Orioles Maryland Flag Script Jerseys next. I think they will eventually sell for $75-$90 each. I do not think a Toronto Blue Jays fans is going to want it, so I am going to try to buy some for the least amount possible.
Question: Where are you selling your memorabilia?
Tim: I sell a lot on EBay and some on Instagram using the name Baltimore Graphs, as well as on Facebook using my name Tim Haren.
Question: What is next for you?
Tim: I want to get exclusive signing rights for a Major Leaguer just like the people at Steiner Sports, Sids Graphs, and Fanatics. I know who the next stars are going to be. Hunter Greene is a beast! I would love to be able to sign him!
I want to give back too. I want to work with the athlete to identify a cause that they care about and donate 20 percent of my profits to a cause of their choice. Life is more than making money.
I asked Chris Guillebeau, author of the New York Times Bestseller The $100 Startup, what advice he would give to high school business students like Tim. Guilleabeau's advice, "You must experiment. You must try something out for yourself, no matter the outcome. When it comes to entrepreneurship, experience is far more valuable than knowledge." Tim is experimenting every day, and he is winning. Do you know a young entrepreneur that is Crushing It? Let me know. I would love to hear their story. You can reach me on Twitter: @thelastlessonsand LinkedIn: Joseph M. Davis.