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10 Totally Stupid Online Business Ideas That Made Someone Rich

nichegeek.com

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Re: 10 Totally Stupid Online Business Ideas That Made Someone Rich

#2

Post by kwamenum86 »

These things are not "stupid" ideas. They defy intuition to be sure (selling plastic wishbones online, who would of thought?) but most of the ideas simply exploited hidden market niches, which is actually smart.

There is one exception: million dollar homepage. That site was launched at just the right time and it was the first of its kind. People were willing to take a chance on it for those two reasons. There will probably never be another million dollar homepage so I think we can reasonably conclude that he got lucky...but it still was not a stupid idea. It was a very well executed plan and the creator capitalized (intentionally) on the originality of the idea, the fact that he could offer a cheap creative ad space (everybody jumps on that), and the low overhead cost. It was a "this probably won't work but what the hell" idea.

I don't think any business idea that makes you one million dollars is stupid (unless you plan on buying lottery tickets everyday).

Re: 10 Totally Stupid Online Business Ideas That Made Someone Rich

#5

Post by mechanical_fish »

kwamenum86 wrote: post #2

These things are not "stupid" ideas. They defy intuition to be sure (selling plastic wishbones online, who would of thought?) but most of the ideas simply exploited hidden market niches, which is actually smart. There is one exception: million dollar homepage. That site was launched at just the right time and it was the first of its kind. People were willing to take a chance on it for those two reasons. There will pr…

There will probably never be another million dollar homepage...

In twenty years or so it might be possible to build another million-dollar homepage, just as it's been possible to revive fads from the 1960s, the 1970s, and the 1980s twenty years later. (The 1990s nostalgia is due any minute now.)

Twenty years from now there will be a large population of web users who have never heard of the original million-dollar homepage. Others might greet the revival of the fad as a charming reminder of their own youth.

And, of course, unless historical trends change a lot, eventually you'll be able to build a million-dollar homepage just by passing a hat around your circle of friends, just as Dr. Evil can no longer terrify the world by demanding a million-dollar ransom. ;)

Re: 10 Totally Stupid Online Business Ideas That Made Someone Rich

#8

Post by dchest »

callmeed wrote: post #7

I really dig the spirit of this article, but a few of the companies mentioned had revenue below $200k. I wouldn't exactly say anyone is "rich" from that yet. PickyDomains is expected to hit six figures this year

It's the service created by the author of this article.

Re: 10 Totally Stupid Online Business Ideas That Made Someone Rich

#10

Post by nazgulnarsil »

callmeed wrote: post #7

I really dig the spirit of this article, but a few of the companies mentioned had revenue below $200k. I wouldn't exactly say anyone is "rich" from that yet. PickyDomains is expected to hit six figures this year

yeah if it was just one year. running a 200k business a year for 5-10 years will certainly make you rich.
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