Leanna Archer, an honor student in Islip, N.Y., was 8 when she first tried to make a batch of homemade, natural hair products just like her mom's. Soon she began selling them in the neighborhood and then to stores. Today the 12-year-old Leanna is the owner and CEO of Leanna's Inc., which sells hair-oil treatments, shampoos, conditioners and deep conditioners. Her products are sold online and in stores across the country, and she expects 2008 revenues to reach $150,000 -- up from $45,000 in 2007.

This kid is making $5,000 a month
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