Teens can start an Internet business for less than $10, the price of a web domain. For some teens, becoming a millionaire with their online business ideas was just plain fun. Studying teenage millionaires can be an inspirational way for homeschooled teens to generate their own online business ideas. Internet business for teens harbors less financial obstacles than a brick-and-mortar company.

Ashley Qualls: Becoming a Millionaire With Internet Business

Teen millionaire Ashley Qualls started her Internet business in 2004, at the age of 14. As a graphic designer and programmer, she put together MySpace layouts for free download on the internet. Teens loved her layouts, and shared them with others. Now, her small business, WhateverLife.com, averages over 1 million hits a month, according to Alexa.com. Also, Quantcast has rated this teen's business site higher than Oprah's sites, CBS and FoxNews. According to a CBS interview, her Internet business income is over a million dollars a year. She bought a house for her family and paid cash, moving them out of the 1 bedroom apartment they were living in. Not bad for an initial investment of under $10.