Cash Pours in for Student with $1 Million Web Idea 527
Quantum Logic writes "Alex Tew, a 21-year-old student from a small town in England, earned a cool million dollars in four months on the Internet. Selling porn? Dealing prescription drugs? Nope. All he sells are pixels. The idea: turn his home page into a billboard made up of a million dots, and sell them for a dollar a dot to anyone who wants to put up their logo. A 10 by 10 dot square, roughly the size of a letter of type, costs $100. He sold a few to his brothers and some friends, and when he had made $1,000, he issued a press release. That was picked up by the news media, spread around the Internet, and soon advertisers for everything from dating sites to casinos to real estate agents to The Times of London were putting up real cash for pixels, with links to their own sites."
rest of the article (Score:4, Informative)
So far they have bought up 911,800 pixels. Tew's home page now looks like an online Times Square, festooned with a multi-colored confetti of ads.
"All the money's kind of sitting in a bank account," Tew told Reuters from his home in Wiltshire, southwest England. "I've treated myself to a car. I've only just passed my driving test so I've bought myself a little black mini."
The site features testimonials from advertisers, some of whom bought spots as a lark, only to discover that they were receiving actual valuable Web hits for a fraction of the cost of traditional Internet advertising.
Meanwhile Tew has had to juggle running the site with his first term at university, where he is studying business.
"It's been quite a difficulty trying to balance going to lectures and doing the site," he said.
But he may not have to study for long. Job offers have been coming in from Internet companies impressed by a young man who managed to figure out an original way to make money online.
"I didn't expect it to happen like that," Tew said. "To have the job offers and approaches from investors -- the whole thing is kind of surreal. I'm still in a state of disbelief."
Holy old news. (Score:5, Funny)
Re:Holy old news. (Score:5, Funny)
Hmm. Your ideas are intriguing to me and I wish to subscribe to your newsletter.
Re:Holy old news. (Score:5, Insightful)
Re:rest of the article (Score:3, Insightful)
This is the trouble with business. This kid isn't a genius, after all:
This is just a flash in the pan, he'll get some publicity, sell some ad space, and then what?
Yes, he made a significant amount of money in a short time, which seems to be the model the new economy [fastcompany.com] is adopting, but it's not sustainable business. In
Re:rest of the article (Score:5, Insightful)
and quite the opposite argument can be made, look at nobel laureates, how many of them did any significant work after the work that won them the prize, some do, but in proportion to the expectations you have?
coming up with one good idea unfortunately isn't a sure fire predictor of future good ideas
rather what they see in him I think is that he has what it takes to transform an idea into real world action
there's a lot more people out there with grandiose "good" ideas than there are people with the skills to take one of them and turn it into real world profit
griping that there's nothing special about this kid just makes you look petty and jealous
Re:rest of the article (Score:3, Insightful)
This may surprise you, but not everyone in the world has a driver's license at age 16. Hell, in a lot of countries the minimum age is 17, 18, or even higher. And believe it or not, in large portions of the world a substantial (majority?) of people don't have a driver's license and depend on public transit systems like rails, subways, and busses. It's a shame that most US citizens can't comprehend the benefits to society of
Re:rest of the article (Score:2, Insightful)
In most of the US, a public transportation system would be more expensive than cars. Buses are great and all, but if they always run less than a quarter full, they're actually less efficient than cars (because they are so much bigger). Further, there are only six cities in the US with the population density to support light rail (in the rest, buses would actually be more efficient).
The
Re:rest of the article (Score:5, Insightful)
In my experience (Vancouver BC) building mass transit creates demand for high density housing. We built our first rapid transit line in 1986, and ten years later you could see residential towers around most of the stations - wherever the municipal governments allowed it. In 2001 we opened a second line and the towers are there already. These are 20-30 story residential towers, in groups of 3-10 around most stations, where previously there were just some old houses. The towers being built now have integrated commercial development, ie: a good grocery store and basic services are less than a 5 minute walk from your apartment. Provided there is demand for real-estate, why not build this way ? People don't want to drive an hour or more to work, and then drive again to the grocery store, and again to the mall, etc. You can waste your entire life sitting in traffic. Rapid transit has network effects. The system becomes more valuable as you build it, and if cities aren't building it now because their density is low then they are completely backwards.
Re:rest of the article (Score:3, Funny)
If you build it, they will come!
Happens everywhere. Provide access, and housing magically sprouts.
Re:rest of the article (Score:3, Interesting)
The only way public transit would work in the US would be if people stopped moving out of cities and started moving back. Good public transit requires that kind of clumpiness.
I assure you the town I live in is plenty 'clumpy' enough to support a good public transit system, however I doubt any of the bus routes here have more than a quarter full for more th
You smarmy jack assed troll (Score:3, Insightful)
We don't subsidize cars, we tax the living S*** out of them!! Cars put money in the government's pocket. Gas would be between $1-$1.50 per gallon if the government didn't tax it!! Federal taxes alone are 21% of the cost of gas. Now add state and local taxes to that. And that is just end user taxes. Nothing about the taxes and regulations on the businesses that make, transport, or sell gas.
Then we have car license fees, title fees, driver fees,
Re:You smarmy jack assed troll (Score:3, Insightful)
Re:You smarmy jack assed troll (Score:3, Informative)
1 gallon of 87* gas in my part of the US is $2.15. The same gallon in Europe would be $5.61 USD. 75% of that is $4.21 USD, which is 3.55 euros.
Re:rest of the article (Score:3, Insightful)
Re:rest of the article (Score:3, Insightful)
helps to get paid from friends and family (Score:3, Interesting)
Not saying that this kid isn't smart but just that this doesn't really prove anything. It's more luck and connections working in his favor. Charging per pixel is a reasonable idea but is it really so much better than any other pricing
Re:rest of the article (Score:5, Insightful)
Oh, I seriously disagree. This guy figured out a way to sell something that there's an infinite supply of, pixels, for lots of money, *and* to get people talking about him doing it. If that's not a knack for marketing, I don't know what is. Marketing is demand creation, pure and simple.
Did he create something of actual value? No, of course not. Did he create the perception of value? Definitely, for people who purchased his "wares". And creating the perception of value is the most valuable thing of all in today's "service economy".
Re:rest of the article (Score:3, Insightful)
The gambling industry creates entertainment. Creating entertainment is creating value to those who appreciate that particular form of entertainment. As with all forms of entertainment, it may be of a kind that you do not particularily enjoy. Fortunately, you are free to abstain from participating in it if you don't like it. Great, huh!
What is your take on the movie industry? Don't they create anything of value either? Artists? Writers of fic
Re:rest of the article (Score:2)
Re:rest of the article (Score:5, Funny)
Yeah! Tell me about it... keep your damn dog from crapping on my front yard!
Re:rest of the article (Score:3, Funny)
I'll pay you $1 for it if you can change it to be a specific color.
It makes me angry... (Score:5, Funny)
It's so simple! *bangs head on table*
Re:It makes me angry... (Score:2)
I mean, if that guy can make hundreds of thousands of $'s with his idea, then this ought to work too.
Good luck!
Re:It makes me angry... (Score:3, Interesting)
that someone else copied the idea
www.mymilliondollaradpage.com/
And advertised for it on the orignal guy's site.
Is that sneaky or what?
Re:It makes me angry... (Score:5, Interesting)
- Beg for money on your website (with a handy PayPal link)
- Sell square inches of lunar real estate
- Sell naming rights to various stars in the galaxy
- Sell prayers (or better yet, indulgences)
- Sell "homeopathic" remedies (tap water)
- Start a "blog" (really a BBS), charge subscriptions for people to entertain themselves
- Make lots of toast, sell on Ebay as "Virgin Mary and/or Jesus and/or Elvis Toast"
- Declare yourself an independent country and sell people citizenship
- Pose as an ousted Nigerian dignitary, promise people a cut of your ill gotten gains, take their money and run (possibly illegal in some jurisdictions)
- Make a bunch of finger paintings, fake your own death, sell your work as high art
- Make some lame Flash cartoons, create an Internet meme ("Badger..", "Trogdor...", etc), sell T-shirts
- Create a blog, sift through a couple of common sites and "aggregate" articles, then post to other people's blogs citing your blog as a news source
- Threaten to kill some cute animal if people don't buy something from you
- Stop bathing, acquire some army-surplus accoutrement, stand on street corners looking dazed with a cup in your hand
- Do something stupid, get humiliated on national TV, do the talk show circuit, become a regular guest on some low-budget game show
- Get a job. But only if you're desperate.
Even better idea (Score:3, Interesting)
Any takers?
Re:It makes me angry... (Score:5, Funny)
Re:It makes me angry... (Score:3, Funny)
www.twomilliondollarhomepage.com
Now with twice the pixels!
The Million Dollar homepage (Score:5, Informative)
oops forgot the obligatory WOOOT!!! FP
Re:The Million Dollar homepage (Score:2, Insightful)
Anyone else see this as being a "topsite" that doesn't fairly rank the sites, just sells out to the highest bidder?
Imagine if google sold the top 10 slots for each of the top 1,000,000 words searched, i would think they would get more than $1bil, but then, no one would go there anymore
I am selling space in my sig (Score:5, Funny)
Just goes to show... (Score:5, Insightful)
Comment removed (Score:5, Insightful)
Re:Just goes to show... (Score:3, Insightful)
Re:Just goes to show... (Score:4, Funny)
Told you I was hardcore.
In a totally unreleted news (Score:5, Funny)
Return on investment (Score:5, Informative)
It'd be an interesting way to get your message out to some more people though, if you weren't trying to sell something.
This Internet thing is tweaking human communication in interesting ways. I like it.
Re:Return on investment (Score:2)
Re:Return on investment (Score:2)
It could be targeted. This is just the first time we've seen one of these (I think). It's a genuine new idea, and I think we'll see similar implementations on the internet and elsewhere. (Too bad|Good thing) he didn't patent it...
Re: (Score:2)
Like PT Barnum said... (Score:5, Funny)
Or in this case, at least 10,000 in 4 months.
Re:Like PT Barnum said... (Score:2)
Or in this case, at least 10,000 in 4 months.
4*30*24*60/10000 ~= 17
So, that makes a sucker born every 17 minutes...
Re:Like PT Barnum said... (Score:2, Insightful)
But can you call them suckers? People are actually clicking through the ads. Seems like they are getting better than they paid for.
new server (Score:5, Funny)
increased revenues? (Score:2)
Re:increased revenues? (Score:2)
ever heard of "parting out" a car? check ebay and you'll see a lot of parts from one individual vehicle (if you check a seller's other auctions). it's a viable and profitable business. do you think car junkyards just buy your old clapped out car out of benevolence?
While it may seem like a stupid idea... (Score:5, Interesting)
Re:While it may seem like a stupid idea... (Score:2)
Thanks Slashdot
Re:While it may seem like a stupid idea... (Score:3, Informative)
Re:While it may seem like a stupid idea... (Score:2)
Re:While it may seem like a stupid idea... (Score:2, Flamebait)
Are you guys still drunk from Christmas, or did you get a gift certificate for advanced brain damage? Hell, until today, I had at least a little bit of remaining faith in earth's population, but now I think it definitely all went down the toilet. 4000 years of advanced civilization, and all we do is voluntarily look at ads. I say goodbye to our future.
All the advertised sites (Score:2)
And when I tried to paste half the list: Your comment violated the "postercomment" compression filter. Try less whitespace and/or less repetition. Comment aborted.
Oh well, they paid for their advertising, no point in giving it to them for free.
Different Perspective (Score:4, Interesting)
Re:Different Perspective (Score:4, Interesting)
The internet hulla hoop? (Score:4, Insightful)
Re: (Score:2)
Forethought? (Score:5, Insightful)
Clearly anyone who bought advertising space is cashing in right now, but I wonder if this guy is saying hehas sold $911K so that he can REALLY sell the last 88,200$ in space and actually make money.
whatever the answer -- creative and cunning...
It looks like billiondollarhomepage.com was registered 2weeks after milliondollarhomepage.com
Re:Forethought? (Score:3, Insightful)
But yet, everyone seems to believe it. I don't know what to criticize people for.
Re:Forethought? (Score:2)
Page Rank (Score:4, Interesting)
Maybe after all this press though, we'll see the page's PR go up and then make it highly worth it to buy a 1 dollar block just to get a link on that page.
Re:Page Rank (Score:2)
Re:Page Rank (Score:2)
I just checked again and it does in fact have a PR of 7. You are correct dear sir and I eat my hat and beg for forgiveness.
Re:Page Rank (Score:2)
Re:Page Rank (Score:3, Informative)
Yup I'm also seeing a pagerank of 7 (and for some reason i looked at the page on wikipedia [wikipedia.org] which also says he has a PR of 7)
However, I remember reading somewhere that in order to get a high page rank you need to be:
I've said it before (Score:3, Informative)
Re:Page Rank (Score:2)
Traffic analysis (Score:4, Insightful)
C'mon people, visit his page at least once [milliondol...mepage.com]. Dammit there should have been a link in the summary.
PT Barnum Lives! (Score:2)
Re:PT Barnum Lives! (Score:2)
You miss the point. the casino did not buy the toast because it looked like the Virgin Mary. They bought the toast because it was a stupid media sensation. Same thing here. As you said, they received some return because of media hype. That's the whole point. Everybody makes money because we are suckers for media hype. You are reading about
Yeah but who is going to visit a site... (Score:2, Informative)
You're paying thousands of dollars for space on a site that will never be visited by ANYONE besides those reading press releases about the millionare you just helped create.
Good job companies! I have some swamp land you can put billboards on!
Re:Yeah but who is going to visit a site... (Score:2)
I call hoax (Score:5, Interesting)
I don't believe it. There is no verification that anyone actually paid him anything. I think it's all an ingenious hoax to get the news media (who are known for not verifying anything) to run this story around the world. A stunt to drive traffic to his site and try to earn some money. Ingenious really.
Re:I call hoax (Score:2, Insightful)
Re:I call hoax (Score:2, Interesting)
Re:I call hoax (Score:5, Insightful)
And his is an ad-cluttered site. You probably have to derate the price by a factor of 5 or so. At which point you've reached the English-speaking population of the planet as the breakeven point.
Re:I call hoax (Score:4, Interesting)
hoax? (Score:2)
And now that he has been featured on slashdot ... (Score:4, Funny)
I feel sorry (Score:2)
Here's a similar site, but Mac OS X themed... (Score:2)
After this
Self-referential marketing (Score:2)
Very old news (Score:2, Informative)
I don't think it's a hoax (Score:2)
He's had a lot of mainstream press coverage before today -- see his Press [milliondol...mepage.com] page.
He has a very high Alexa rank [alexa.com] of 1480th in the world (ya, not exactly the most reliable source but better than nothing) . His reach per million users is 810, which I think means around 150,000 to 200,000 visitors a day.
Sure, anything *could* be a hoax, and I am usually pretty skeptical with these things, but I really don't think so in this case. Journalists have seen his paypal account (like from the Times Online [timesonline.co.uk]) and verifie
Goatse (Score:5, Funny)
Noone gets it (Score:5, Insightful)
Pixels have no value, cloning his site a million times has no value. It's the original idea that matters, and he thought of it first and implemented it first.
The rest is internet history.
Pagerank 7/10 (Score:4, Insightful)
Getting your own site linked on a 7/10 site will do wonders for your own Pagerank.
Thus those pixels may be worth more than they seem.
The question is how google will treat that amount of links, if it will accept them in the PR calculations.
I don't get it. I mean how does this work? (Score:5, Insightful)
This is a bit like that. Most "real" ads are carefully placed in an enviroment/surrounding were you already would be looking and hopefully attract your attention. So for instance the huge blank space between the slashdot dupe and the comments, eh I mean the nice blinking ad that I did not filter out because I do not steal from cowboyneal is placed there because hopefully as you scroll down you will see the ad and become intrested.
This guys adsite however has no content apart from the ads. So why should people visit it apart from pure curiousity. Surely this would not result in any hits?
TV regulators at least do not seem to think so. The programs that show the funniest ads are usually not regulated as a half hour advertisement blok would be. The BBC and most european channels could not show them if anyone thought that a commercial shown during such a program would result in extra sales.
I can understand that people might want to pay X amuunt of money to have their face plasterd on times square or something, but to pay money to get your image on a guys homepage with no other content? I truly just don't get it. Either all the "advertisers" see it as a joke OR advertisers are stupid OR and this is worse. This guys site actually works. People really will visit a site with nothing but ads and generate sales.
This could be bad. If this continues slashvertisements will soon be the only content. TV channels will be nothing but ads with the occasional break for the station logo. And it will work. ARGH!
A sad day to read /. (Score:3, Insightful)
Help me out here... (Score:4, Interesting)
Not to be a wet blanket or anything, but I'm completely missing the brilliance here. It seems like he's essentially selling rather overpriced banner-ad space, without any content to drive traffic or visitor click-throughs (I guess relying entirely on the notoriety of the site in the press?)
I'm having trouble understanding how firms would really think it's a wise investment to spend $x dollars advertising on a website that has zero draw. Who cares if the banner will be up there for 5 years if no one has incentive to visit the hosting website? I skimmed the FAQ, looking for promises of content or incentive for traffic, and here's all I found --
Um, "Why would millions of people visit this website?" would be a good follow-up question. I imagine that neither I nor many other people stay up in the wee hours of the night to watch collections of paid programming advertisements or flip straight to the adverstising section of a magazine. Why would I go to a website that is just a big billboard?
I checked out the "Testimonials", which I'm skeptical of, to say the least. Lots of references to making "Internet history". Maybe I'm just completely out of it, but I really don't see how pooling a shitload of static banner-ads onto one page constitutes "Internet history".
With all this in mind, I once again raise the question how this is "genius". Clever? Sure. Exploiting of ignorance and gimmicky? Possibly. Genius? No. At best, I would say this is a lucky flash-in-the-pan bit that will never work twice, unless browsing websites devoted entirely to advertising space becomes profoundly interesting in the future.
However, if I've overlooked some massive details, or I'm not making the appropriate connections, please tell me, because I'm still in disbelief that this works on any level. An MBA I am not, so if there's some sort of defined principles for what constitutes genius in the business world, it's lost on me. Or maybe this is genius of the P.T Barnum ilk? Regardless, if this site really is riding on the coattails of its own notoriety, I guess he deserves kudos for creating such a buzz (no matter how gimmicky and seemingly undeserving such buzz is), and at least he's using the money for college (or so it is stated), and not on a new mansion or something completely materialistic in value.
Re:Help me out here... (Score:5, Insightful)
In short, I don't understand what you don't understand.
Comment removed (Score:4, Interesting)
Re:Motivation to invest in this sort of advertisin (Score:5, Informative)
I think the runner up (for me at least) is "Don't Click"
because the alt text says: Fine, if you really must click, go ahead...
P.S. I found Waldo in the pic too
Just the picture [nyud.net] (without the link overlay)
Re:web address? (Score:5, Informative)
Why should you buy space? (Score:3, Funny)
"MillionDollarHomePage.com has proved to be a fantastic investment for manboobs.co.uk. For a relatively small outlay our hits have increased 10 fold in 2 days. Great idea which really works. Thanks Alex !"
Ian Whitcombe
www.manboobs.co.uk
Pixels purchased: 100
Re:Crazy (Score:2)
While this is News For Nerds, it's also giving me eye strain.
Maybe
Re:Crazy (Score:2)
Re:I don't get it.. (Score:2, Funny)
Re:Link? (Score:2, Informative)
Score:-1, Legally Blind [milliondol...mepage.com]
Yes, the URL is in the article, just not as a link - you'd have to copy/paste into your address bar, but it's there. Quote:
"He had the brainstorm for his million dollar home page, called, logically enough, www.milliondollarhomepage.com..."
Now go play in the street. Follow the sound of the bouncing ball...
Re:Link? (Score:2)