Teenager glad to be here

**Derek M.** · 10-11-2010 08:53 PM

Hi everyone. My name is Derek Medina and I am an entrepreneur. I'm thirteen years old and have always been into making money. I have this unofficial business called Medina Enterprises. This "business" so far has three branches and by June 29, 2010 I am expecting to have a six branches. Medina Enterprises is just a holding name so I only need to register one business when the time comes.
We have Thekidzcorner which originated in November 11, 2009. This is a entertainment type-of business where we post video's on our website and youtube account. If we get big I would love to get a tv channel for The Kidzcorner.
Medina Tech was started on August 04, 2010. This is a computer/technology based business. Even though it is mainly computer related (the development of applications and computer based tutorials) I also do video-gaming and the such.
We also have Medina Scientific which right know is based on a bunch of smart kids (me and three other kids), a computer, and a telescope. This is going to be opened (hopefully) Oct. 29, 2010.
Medina Retail is the kind of like the mouth where everything comes out. We buy and sell things on ebay. So we may buy a bike, add a horn or bell for 25 bucks and then sell it for 50 dollars above it's bought price. I'd like to have this open a month before Christmas or even Thanksgiving. My mom let me make an eBay account but can't share my bank info so I can't buy or sell. Go figure. I'm going to see if I can use craigslist.
Anyway second to last one is quite surprising actually. It's actually a brokerage. Many of my friends (that doesn't mean I have many

) have a bunch of stuff (like candy, gun, backpacks, Xbox's, and the sort ) that they want to sell but they don't know how. So I offer a fee of 20%(they don't know any better

) to put it in the school newspaper, put sign's on my (and some of my business executives) lockers(as much as my teacher's hate it), pass around flyer's, post videos and articles on my website, and post it on craigslist (and someday eBay).
My last company is a recording company. I have a cheap (but good enough) microphone and I record people's songs (usually cover's) and put em on websites like itunes and amazon for a small percentage of the profit. This as well is not acutally open but I have a few possible customers.
I also have a policy. If i make a profit of over one hundred dollars a month I donate 13% (I'm thirteen) to a different charity. My businesses aren't making much money right now but they are definitely growing. Thank you everyone for your time everyone and I appreciate feedback and suggestions.

- Derek Medina
CEO, Founder
Medina Enterprises

**JamesDelcampJr** · 10-12-2010 02:15 AM

Welcome Derek!

I'm hyped to see your passion for profit at your age. While most teens are worried about video games and goofin off, you are lookin towards a brighter future. Just keep doin what you're doin and you will be makin millions before your outta school.

Keep it up!

**Derek M.** · 10-12-2010 03:54 PM

Thanks James. Even though I do like video games and goofing off I enjoy money more. It would be cool if I was a millionaire by the age 18. That would be great. Unfortunately it's gonna take some time. Thank you for your kind words.

**onboard** · 10-12-2010 09:53 PM

Hi Derek, welcome to the forum!

I read your post word by word. I'm so touched by what you are doing. I'm sure you'll have a wealthy, fun filled happy life!

You'll donate a lot to the charities when you get 100 years old...^_^

Keep it up!!

**Derek M.** · 10-13-2010 05:06 PM

I doubt it. I'm not big on giving one hundred percent of my money (cause then I wouldn't have any 0_0) I might starting increasing it by .5 or .3 after age 30. So when I'm 31 I would donate 30.5 or 30.3 percent of my profit. (still sounds like a lot. 0_0). Im still trying to figure everything out but I discovered it's better to do it and be productive rather than dwindle on the details. I sure hope so cause it's not that fun right now with school and everything.

P.S. are there any other services other than eBay and craigslist that let you buy and sell. Kinda like eBay?

**JacobMCCK** · 10-15-2010 02:30 PM

If you go to your bank you should be able to get a debit card by yourself. I've been using eBay since I was 14 and that's how I did it. You won't have any overdraft on your account which also means you can't do anything drastically wrong as long as you only keep in your account what you are planning to spend in the near future.

I have to say though, eBay's policy clearly statest that no-one over the age of 18 is allowed to use the website. But I wouldn't let that stop you