Success Story of an 18-Year-Old Online Entrepreneur

Introduction

• Speaker: Manjeet, 18 years old from Germany
• Occupation: Online entrepreneur involved in e-commerce and dropshipping

Key Points

Early Beginnings

• At age 13, Manjeet's father became ill, prompting Manjeet to help financially:
  • Sold PlayStation for starting capital
  • Purchased and sold scarves on eBay, initially making 10 euros

Initial Success

• First significant profit came from selling beauty products online:
  • Bought beauty kit on Amazon for 10 euros
  • Resold on eBay for 50 euros
  • Recognized the viability of the business model

Business Growth

• Expanded into dropshipping:
  • Monthly business revenue peaked at 750k euros
  • Sells products like beauty kits online

Lifestyle and Values

• Owns a Lamborghini, purchased at age 18
• Enjoys the freedom of being his own boss
• Recently bought a 115,000-pound watch
• Believes in living within means: should afford purchases 10 times over

Entrepreneurship Principles

• Follows the money, not personal desires
• Advocates for strong vision and hard work
• Also involved in consulting, helping others market their products

Income Sources

• Primarily from online stores (e-commerce, dropshipping)
• Consulting services
• Uses platforms like Amazon and eBay

Personal Philosophy

• Values freedom and independence over extravagant purchases
• Sees success as ongoing journey; always people at higher levels to aspire to
• Emphasizes continuous improvement and ambition

Conclusion

• Manjeet encourages others to start with a laptop and Wi-Fi if they have a strong vision
• Believes anyone can achieve similar success with dedication and effort