- 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 19, she has made R6.4 million from the business and paying for her college education
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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.
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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 KSh 220,000 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 KSh 80.
In six months, she had made over KSh 6 million naming 200,000 babies. Jessop has thus far named a total of 677,900 babies, taking her earnings to KSh 45 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.
Siblings making R450k monthly
Briefly News previously reported that two siblings aged 14 and 9 started a lucrative business mining cryptocurrency during school holidays.
Ishaan Thakur and Aanya said they made R40 on the first day and over R13 000 on the first month.
Their father said the siblings expected to make around R420k in September.
Source: Briefly News