A new breed of teenagers are earning hundreds of pounds a month by running online businesses from their bedrooms.
The claim comes from research into 13 to 18-year-olds in Birmingham from Virgin Media.
It says that almost half of young people in Birmingham (43 per cent) have made money using the internet in the last 12 months by taking advantage of sites such as eBay and Amazon, setting up their own online store or creating forums or blogs, reaping the profits from sponsors and advertisers.
Virgin Media also says that fledgling entrepreneurs are making a packet compared to their less shrewd counterparts.
More than three-quarters of those questioned said they make up to £100 each month, while a staggering two per cent of 15 to 16-year-olds claimed to be pulling in more than £5,000 per month.
In response the broadband provider is launching Virgin Media Sparks, a competition for business-headed youngsters in Birmingham to pitch their best online business idea.
It is joining forces with The Bright Ideas Trust to give one budding entrepreneur the chance to win £1,000 towards setting up their venture plus a business mentor, laptop and the chance of a meeting with top business guru Tim Campbell, winner of BBC’s The Apprentice.
He said: "It's great to see young people showing an interest in business and using their time wisely to develop their skills and ideas.
"A key factor in making a success of any business is keeping up with the times and these young entrepreneurs are certainly shrewd in taking advantage of the internet to make a success of their ventures."
In conjunction with Virgin Media, The Apprentice star will be hosting a live web chat on Tuesday, May 20, in which Birmingham’s budding entrepreneurs can log on to pose their business questions and pick up some handy hints.