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This is an archive article published on January 14, 2006

Million dollar idea, really

Look what Alex Tew did, and you get one of those 8216;8216;Why didn8217;t I think of that?8217;8217; flashes. It8217;s so simple, so c...

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Look what Alex Tew did, and you get one of those 8216;8216;Why didn8217;t I think of that?8217;8217; flashes. It8217;s so simple, so cheap, so mind-bogglingly lucrative that it took the 21-year-old student from small-town Wiltshire, England, not even five months to go from broke to millionaire.

Worried about paying his college tuition last August, Tew chanced upon one of those rare original moneymaking ideas. How about creating an Internet webpage out of 1 million blank pixels? And then selling those pinhead-size digital picture elements that make up a computer screen for a dollar apiece, or 100 per 10-by-10-pixel block, to advertisers who turn them into colorful tiny billboards and micro logos linked to their own websites.

This new marketing monstrosity was called 8216;8216;The Million Dollar Homepage8217;8217; 8212; since Tew stood to make a million bucks milliondollarhomepage.com. He put the last thousand pixels up for auction on eBay 10 days ago with a 1 starting bid for the lot. Tuesday8217;s bidding reached 152,300, putting him over the million-dollar mark.

8216;8216;I8217;m half-expecting a last-minute flurry of bids. I think it is going to go higher,8217;8217; says Tew, whose initial investment to set up the pixel page was less than 100.

8216;8216;I never imagined things would get to the level that they have.8217;8217; Unsure initially that a single pixel would sell, Tew felt the idea had potential, so he aimed high. 8216;8216;I asked myself the question, 8216;How could I become a millionaire?8217; Twenty minutes later I had the answer,8217;8217; he says. The phenomenon has been hailed by some as a genre-changing concept in online marketing 8212; otherwise an advertising badlands of spam, banner ads and pop-ups.

Others say it8217;s a brilliant, one-time marketing aberration that will never be replicated. Whatever it is, the Million Dollar Homepage isn8217;t a pretty site 8212; even as it nears completion and begins a guaranteed minimum five-year lifespan. 8212;Reuters

 

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