It is not every day when you learn of a school dropout making more money than most graduates. However, that is the reality with Ben Simpson, a 22-year-old Tasmanian high school dropout. Despite leaving high school, he earns around $2million every year from his interest in crypto.
Ben Simpson grew up in a small country town of Smithton with a population of around 3,000 people. Even though he might have joined a school, he never felt it was for him. Instead, he preferred the practical aspects of life.
He then had to convince his parents that he leaves school when aged 17 to start a sports apparel business. With $3000 from a local sports team he was paid to raise uniforms, he was able to start drying clothes in 2015.
By the age of 18, he was running a sports e-commerce store and repairing iPhones while sharing a room with his brother.
Even though running a relatively successful business, Simpson had to struggle with the high costs of sending money overseas for the materials. With most products coming from China, he was spending a significant amount of money on high exchange and transfer fees to order items.
Until he was immersed with cryptocurrencies.
With the instant and little to almost nothing money transfer fees, cryptocurrencies seemed the best solution for Simpson. He then grew interested in digital currencies leading to the creation of Collective Shift, a global crypto news platform with real-time research analysis and crypto market updates.
Even though having been operational for less than a year, Collective shift has grown to over 3,500 registered members and generates over $2million in a year.
Mr Simpson, speaking to Sydney News revealed that he started the website by investing over 90% of his savings from the sports apparel business into the crypto venture. Based in Melbourne, the site works on a subscription business model such that every registered member pays $199/month for services like market analysis and community access.
The site also provides a free learning access point with various crypto trading guides and tips for those considering venturing into cryptocurrencies.
Simpson has since hired over 10 full-time professionals based all over the world in cities like Melbourne, Sydney, London and Carlifornia. The 24/7 crypto market operational model means the global workplace works best for the platform. He also has 15 part-time workers and those on a contract basis.
Simpson looks to train more and get others to learn about crypto opportunities.
Is crypto the current frontier in opportunities?
Simpson’s success story is not an isolated case. Already, several more people have made millions from the crypto space. For example, a 12-year-old already makes $5 million with NFTs.
Crypto remains the current biggest frontier for entrepreneurs and traders. Unlike the other industries that require massive expertise, crypto can accommodate any skill level. For example, the tech-savvy can work as blockchain platforms and services platforms creators. They can also work as miners and earn from verifying transactions. For the less tech-savvy they can look into trading.
With expanding opportunities in the non-fungible tokens (NFTs), play-to-earn and other earning options, crypto remains the ideal industry to invest in.
