$1 Million In 6 Months

I just stopped by the Million Dollar Homepage to see that he is merely $1000 away from his million dollar goal (I do this every once in awhile to beat myself over the head for not thinking of it myself). That means he’s made his million in about 6 months – pretty damn impressive.

Not only that, he’s not sitting on his rear, but still thinking creatively. Instead of selling the last 10 spots for a mere $1000 and being satisfied with the $1 million, he decided to place them on ebay where they have already risen to $152,000 as I write this (link to auction) with 4 and a half days left. Smart…

As I was trying to find the few squares that still remain open, I happened across one that appeared to be blank, but lead to this site. Basically, this guy invested $100 and figures when the board fills all the way up, the spots will command more than $100. Since the board is almost full and the auction indicates that remaining spots are in demand, we shall soon see if this was a correct prediction (I would guess it will be).

That lead me to think that even though the board will soon be full, the guy can still make a pretty penny encouraging a second hand market in the spots on the board and basically charging anything he chooses for simply changing a link. Even better, he could set up the market on his site and refuse to change links except for sales that go through his market. He could charge a listing fee, a sale fee, and basically any other fee he wanted. Something tells me he’ll end up being more creative and earn more than I ever could with the site.

Even though the end of the original $1 million goal will be reached in the next few of days, I highly doubt that it will be the end of the money he’ll be making from the site. It’s a testament to what a simple idea that’s unique can do in a short period of time. Kudos to him (as I continue to bang my head against the wall…)

update: He isn’t going to play around with a second hand market. From his journal

Finally, a note to existing pixel owners – you are not permitted to re-sell or auction off your pixels. I will not change any existing images or links. While a ‘pixel after-market’ would be quite a cool concept, I am determined to maintain the idea of the homepage being an ‘internet time capsule’. I think it will be fascinating to lock the homepage in time, and maybe one day, who knows, it could be displayed as a piece of modern art in a museum! That would be awesome.

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10 Responses to $1 Million In 6 Months

  1. RS says:

    Unreal what people will pay money for…it actually makes my head hurt just looking at all those colors.

  2. davis says:

    I don’t understand this. For $150,000 you could buy one hell of an advertising campaign. They must be doing for the publicity they receive for being the high bidder

  3. Frugal Momma says:

    I don’t really get it either. But this guy was very smart!

  4. Michael says:

    $150K is amazing, but then again the publicity the auction will generate could be cheap advertising for an online casino or similar business.

  5. Nick says:

    I don’t know what upsets me more: the fact that I didn’t think of this first, or the idea that people would actually spend all this money on a page with nothing but ADS. When the hype dies down in a week or two, the traffic will drop like a rock. Not that most of these people will ever get their ads clicked on a lot anyway. It’s like a phone book with all the businesses in random order!

  6. mbhunter says:

    I think there will be plenty of opportunities for people to improve on the ideas of the MDH. Mr. Tew has the cushiest job because it was his idea. Other people will need to do more than he does to make any money at it. Part of this will probably involve organizing the ads coherently.

  7. Hmmm… Interesting that there won’t be a secondary market. I wonder if he’ll try to do it again? I know that others have popped up, but they don’t have the buzz that he does.

  8. Oh, and it’s kind of funny that the guy intending to sell his pixels won’t be able to. He could, however, sell a re-direct of the url in the pixel image to someone else’s site.

  9. davis says:

    Can someone tell me exactly what the difference between this and a link farm (which can get you banned in google) is? There is no content – simply links and images. Wouldn’t putting your site on one of these risk getting you in trouble with search engines?

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