January 29, 2010

TheSocialMillionaire – Another Million Making Idea

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Millionaire making ideas Taking example of some mind-blowing million making ideas like Million Dollar Homepage, Today lets talk about another million making fact. You might have read about a boy in London who created a home page “Million Dollar Homepage”  and sold 1X1 px ads for $1 and made 1 million dollar within five months.

Now lets take another millionaire making idea example today The Social Millionaire.

The overall idea of The Social Millionaire is very simple; the site is focused around a list of links where users can bid on keywords they would like to be associated with, and the highest bidder gets their keyword link displayed.

At a first glance, the site seems almost like a very common “link dump”, but once you take a look at the finer details, you start to realize that this is much more original.

It has a lot of great things going for it; first of all, the auction system for bidding on keywords really helps create a sense of competition. That’s because some keywords are definitely eye catching and recognizable. Take this for example, listed are “John Chow”, and “ProBlogger” keywords, yet neither are owned by their respective sites. These keywords stand out from the pack, since they are known by many, and will draw more clicks.

There could be some interesting bids on these high profile keywords, and as the bids rise, the keyword weight (font size) grows as well. I’m looking forward to seeing how the large block of keywords may be organized further in the future, when maybe thousands will be listed.

What’s more important about this site though, and something that is really driving it’s success, is the “Social” part of The Social Millionaire. Pat Hankinson, the owner of this site, is using social networks as a primary way to drive traffic. He is creating a very unique persona, and even in his about page, he believes people will want to be associated with his name (and brand) in social networks. This is a very unique idea, and I think it adds a whole new dimension to what he is doing with the site.

He is also buying a lot of high profile reviews, such as on John Chow, John Cow, and Jonathan Volk’s blogs and I think this is an extremely smart move on his part to build the initial momentum of this site. Now that he has some figures to show ($2,448 earned, 351 friends at the time of writing), and some community response about the traffic results from buying links, he is overcoming the initial hurdle of starting a new site and I’m sure the traffic will continue to grow very fast from here on out.

So as you can see, with a little marketing know how, a unique approach, and a creative idea, you really can see some amazing results online. I do recommend that you check out The Social Millionaire and read up on Pat’s approach to creating these new concept sites, and perhaps buy a link or two to experiment yourself!

*“Thanks links: http://www.yimto.com/the-power-of-creative-ideas-the-social-millionaire http://sidsmith.com

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