Young entrepreneurs: Zway Yee and Alessandro Chisari check their website. They plan to move competitions.com.au to a shared space in Surry Hills this month. Picture: Michael Szabath
TWO young entrepreneurs have set up a national online company for website competitions popular with stay-at-home mums.
Zway Yee of Baulkham Hills and Alessandro Chisari of e-business company competitions.com.au has become Australia's top website with about 1500 hits a day and 40,000 members since its set-up six months ago.
"Competitions.com.au is increasing its large user base month by month," Mr Yee said.
"It is designed for users to enter more than 400 competitions run by about 300 companies with prizes ranging from $200 to $200,000.
"We aggregate these competitions into a listing-style format to make it as easy as possible for users."
Mr Yee said their company would expand to Britain and the US to win greater share of the online world market in six months.
Mr Yee, 27, has worked as an online marketing manager for about two years while his partner Mr Chisari, 29, for about the same years as a programmer before they set up their company.
They looked at the internet as a blessing and curse for people with jobs and people seeking jobs.
"It has made thousands jobless and also created about the same number of jobs for people with a computer," Mr Yee said.
The two men paid $20,000 for competitions.com.au to the original owner who paid $500 to register the domain in 2000.
Their company's revenue comes from 15 per cent of 300 companies running the competitions, Google, for generating hits on its site ranging from 50 cents to $1 per hit and for the sale of email information to companies.
■ Details: competitions.com.au.