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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.
Earlier quoted context omitted.
yeah if it was just one year. running a 200k business a year for 5-10 years will certainly make you rich.
Assuming you don't have employees or significant costs, don't get hit by random acts of misfortune, and define rich relatively broadly.
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.
b) How many of these businesses will be around 10 years? I'll put the over/under at 5.
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 hom…
but the real success of the million dollar homepage was convincing companies to buy ad space, not attracting people to the site. Sure many web users will not have heard of the site (I would venture to say web users of today have not heard of it) but the people spending the ad dollars are (presumably) a more knowledgeable group. That is the group the next million dollar homepage has to court if indeed there is a next million dollar homepage.
The eb and flow of certain fads depends on people forgetting or people lacking knowledge about the past, or nostalgia. I am hypothesizing that advertisers are immune to both of those things because they manage money and have to be careful.
..then again (yes I am arguing with myself) people on Wall Street manage an awful lot of money and repeat their same bad habits in cycles...so maybe you have a point.
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
How is making a dating site for people with HIV/AIDS a "totally stupid" idea? I think there's also a dating site somewhere for people with herpes and other STDS. Sounds like a good idea to me.
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
The current incarnation of PickyDomains' service is at id 722 (http://pickydomains.com/node/722), and started at 15 (http://pickydomains.com/node/15). Assuming continuous ids and no refunds, 707 domains have been processed on the site since April 2007, yielding $17K in revenue for the site and $17K in payouts. It's possible there are other revenue streams -- via domain registration affiliate programs for one -- but six figures is unreasonable unless I'm missing something.
Earlier quoted context omitted.
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 hom…
Some fads can be revived... but the real success of the million dollar homepage was convincing companies to buy ad space, not attracting people to the site. Sure many web users will not have heard of the site (I would venture to say web users of today have not heard of it) but the people spending the ad dollars are (presumably) a more knowledgeable group. That is the group the next million dollar homepage has to cour…