Milliondollar homepage - a grand idea to finance your studies…(2)
21-yr-old Alex Tew was so successful with his creation that it deserved a DDOS attack and blackmails.
An idea to finance his studies has generated enough money to cover expenses several times over.
The idea reportedly took a mere 20 minutes. The attributes of the money-making idea he was looking for was:
- simple to setup & understand
- has to have a name to capture the imagination
- something that can be set up quickly
- no physical delivery required
The idea took shape as he wrote some keywords, and 20 minutes later - eureka….let’s sell pixels! Domain name and a basic webhosting package snapped up that very nite.
And as in any business, he started by selling to people close to him - friends and family, the first USD1K in sales.
That was reinvested for more publicity - a press release. More awareness gave more exposure and investors more faith - and it snowballed. More money + more exposure had an exponential growth effect on profits.
It took only 4 months and 2,000 customers to reach the USD1m goal.
Smart move: employed a press officer to generate publicity and sales in the US - he spent a week doing interviews there.
The last 1,000 pixels sold via auction on eBay. The unbelieveable >USD100K (and growing fast) bidding price made it clear that demand has outstripped supply - every businessman’s dream come true.
Alex says critical success factors to his idea are:
- power of word of mouth
- story of a student making a million fascinated the media
His advice to others:
- have faith in your creative mind
- take calculated and affordable risks
- take failure positively - treat it as a learning process
This success has generated another money-making idea: sell the resulting image as poster prints.
Unsurprisingly, has generated copycats, but none are as successful as the original.
His final words brings some comfort for the rest of us:
- internet is still in its early days
- many new inventions and ideas doesnt exist yet
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