*Update - Use coupon code JohnChow to get $10 off
The creativenesses of Internet entrepreneurs never cease to amaze me. Take for example Graham Langdon, 21 year old senior from the University of Connecticut. Like many college students, Graham has enormous college debts that he needs to pay off. He also wants to open the best bar in the world, right in the heart of Boston. How does Graham plan to pay for all this? He’s hoping The Million Dollar Wiki is the answer.
What is The Million Dollar Wiki?
The Million Dollar Wiki is basically a pay-per-page version of wikipedia. There will be a page for literally everything. However, instead of being open for anyone to edit, one person owns each page. Each page cost $100 and Graham plans to sell 10,000 pages so he can make his million bucks. Graham is off to a good start with the project. Since starting it two months ago, he has sold 158 pages and made $15,800. The FAQ gives a complete explanation on what the site is about and how it can make you money.
Every page is dedicated to a unique word or phrase. The content on each page is controlled by the page owner. Owners use the site, and specifically their page, as a vehicle to generate traffic, revenue or publicity. Other benefits include:
- Secure an exclusive niche in a growing micro-economy.
- Raise awareness of your website, product, or service.
- Cultivate a heightened web presence.
- Share traffic generated by the entire community.
- Join a resourceful community of motivated entrepreneurs.
- Receive storage space on our server for your page’s content.
- Link quality content to your relevant website for better SEO.
Make Money Online with The Million Dollar Wiki
Because you own the page for your chosen keyword, you can do whatever you want with it. Monetization of your page can range from selling products or service to putting on advertising like Google AdSense. You can also resell the page for a profit.
Ownership of the page is forever. In this case, forever is until 2022 - the hosting of the site has been covered until then. It’s Graham’s intention to keep the site up forever but it’s guaranteed to be up for the next 15 years. Some examples of Wiki pages created by users include:
There are a couple of case studies showing how the Wiki pages are making money for their owners. The Million Dollar Wiki offers several ways to promote your page. You could show up on the front page as a featured page, you could show up when a reader clicks a random page and you are also listed in the most popular pages. Currently, the most popular page is the keyword for Business, with 28,085 views.
The Power of Viral Marketing
Like the Million Dollar Homepage, The Million Dollar Wiki is based on the power of viral marketing. How well the Wiki does will depend greatly on how well Graham gets the message out about his project. Right now, he has the advantage because he is the first mover into this new space. After working the numbers - $100 over a minimum of 15 years - I decided to buy a page. I now own the Wiki page for Make Money Online.
I wish Graham luck on this project. I really hope he makes it because everyone loves an Internet success story. One thing for sure, paying $100 to own a Wiki page seems like a better deal than paying $100 for a little square.
*Update - Use coupon code JohnChow to get $10 off
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(17 votes, average: 3.76 out of 5)
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This is now filed under ‘Damn, I Should Have Thought of It’
seriously. never ceases to amaze me how an idea can take flight so fast. Great IDEA. LOVE it. Just bought a page myself. Hahah I will release it to John Chow page once it is confirmed.
You know. This is like. Virtual Real Estate. This might be the park place of internet searches.
Yeah. Each time you see such new fast successful online venture, you say to yourself: why didn’t I think about it first? And then you start to brainstorm a little, thinking about how you could make similar achievement etc…
But I think that guy played a long time on wikipedia and finally, one day, the eureka moment happened to him. It could not be something that he came up with instantly. It must have involved time and wiki knowledge and a lot of desire to breakthrough.
I invite you to blogadollar.com Do you think it can become the next big breakthrough?
BlogaDollar has great chance to be next. good Luck
Will we ever get rich?
Agreed!!
Yep, sry too late :/
Idea seems excellent. Maybe another one million dollar homepage in making?
What’s even better about this idea versus the Million Dollar Homepage is that the potential income for the Wiki is infinite, he could make $1 Million or much, much more. At the rate it’s going he should have his $50K in school loans paid for in no time.
yea it could be infinite. then again wouldn’t the value go down? I mean… it’ll be just like any other wiki.
The value is built into the popularity. If this works and it becomes the next big internet sensation, then all the pages will have very good chances to rank well. That’s where the value comes in.
Maybe…
or maybe not…
Sadly, I heard about the website when only two pages had been sold. I didn’t believe in it then, and thought that it was a stupid idea!
… I stand corrected.
It’s highly possible.
WHAT AN AMAZING IDEA!! If John Chow thinks its worth buying a page, sign me up for five!
Not only does this site get the John Chow review me traffic effect but it also gets a resounding ensorsement from the man himself which as you point out could be more valuable than anything else.
If John’s jumping on the bandwagon then I’m sure the droves will follow
for five…wow
Agreed! *=)
Give me money for 5
idea looks great! good luch to Graham
yeh looks like it hsa the potential. If it’s already made $15k in two months who know how big this will be in a year. I don’t think I would buy a page from him but I’m sure lots of other people will!
GENIUS! Such a simple idea….most of the great ones are just that. Good luck to him!
$100 might sound like a lot initially, but given a minimum of 15 years, you’re only paying at most $6.67 a year for that page.
when you put it like that how could you not buy a page
Great Plan
This is an amazing idea… and yet so simple. I’m buying at least one…
I admit that he will most likely make his million bucks. The question is, what makes it amazing? The fact that he will make the $, or the fact that it is actually a *good* idea?
DevDad
I got a page!! Guess which page I got??
Guess which page the anonymous guy got? LOL!
Hilarious!
I hope you can track how many affiliate sales are a direct result of that page… it would be interesting to know.
Now, I’m just waiting for the smart bastard that decides to buy JohnChow webpage on that wiki for a cheaper way to get mentioned on this site
If he would offer the option to pay by PayPal I would have bought a page…..
Same here. Its disappointing to see only Google checkout as a payment option.
Maybe he wants to make refferals on Google checkout.
It’s a great idea, but in terms of content it’s pretty boring (from a reader’s point of view).
You obviously haven’t seen the letters to businesses page
http://www.milliondollarwiki.com/Letters_To_Businesses
Good find.
I don’t think he has to worry about taking paypal. Its genius!! Google checkout doesn’t charge a processing fee, and anyone can pay via Credit Card. My hat goes off to him!!
An anonymous Google evangelist are you?
Darn Tootin!
I use google for my directions
I use google for my sattelite photos
I use google for my searches
documents and spreadsheets oh my!
Now if only I could buy the google page on Million Dollar Wiki, but trademarked names aren’t allowed. I got a good one though. A real good one. Here’s a hint. A cow might be involved.
I may just have to pick one of those pages up. Buy the right keyword and as long as he continues to publicize his site you could have a good advertisement for quite some time.
That’s the gamble - how long (and well) will he publicise his site for. And will this continue if he reaches his financial target?
Still, as Michael points out above, it’s effectively $6.67 a year for a page and this means it’s not too much of a gamble!
Good one excellent idea
http://desiarticles.blogspot.com/
I think the same.
It’ll be interesting to see if this actually takes off or if there’s an initial interest that slowly dies away.
Either way I guess from a monetory point of view if Graham hits his target I’m sure he won’t care!
What is interesting is if a domino effect begins and people feel they have to sign up simply to avoid not being on there.
I think this thing is going to snowball.
Here’s why.
Everyone who buys a page wants to get to the top of the most popular page. In order to do that, they’re going to have to promote their page a little bit. So every customer has an incentive to get out there and plug MDW and talk about it.
A year from now this site is going to be enormous.
Is there anything really limiting him to 10,000 pages sold? Unlike the Million Dollar Homepage, he won’t ever run out of little pixels to sell…he could monetize this site by selling “pages” indefinitely!
Hahaha has anyone seen the page for toilet brush?
http://www.milliondollarwiki.com/Toilet_Brush
he he good one
cool idea, this. $100 might seem too much at first, but hey, your page’s gonna be up for EVER(guaranteed for 15 years, atlest). The
http://www.milliondollarwiki.com/Letters_To_Businesses
page really is good, BTW.
I enjoyed this one, too! Pretty hilarious, and almost all of them are true.
DevDad
I seen the spam all over myspace and thats when i stopped hoping he would achieve the goal