Remember when a college kid came up with the idea of selling pixels on a webpage, pricing each pixel at $1 and having 1 million in “inventory”?
And how he raised $1 million and the Million Dollar Home Page generated buzz all over the internet and was mentioned in the newspapers and TV?
It was a novel, funny and creative way to “make money online”.
Then another guys comes up with another page, selling pixels at $1 a pop, hoping to replicate the same results. I don’t know the outcome, but I have a feeling he or she failed.
Then some clever codes came up with software that let you sell pixels on a page. It sold initially for hundreds of dollars and you can probably get free versions now. The poor saps who bought it for $297, probably ended up making $50.
What’s the moral of the story? You need to be first, be the first to bring a product to the market, even if it might be somewhat flawed.
The other side of the coin is that people have short attention spans and have 15 second “soundbyte” attention. Rehash something and it’s bound to be an epic fail.
Likewise, on the Twitter micro-blogging platform/social network, a trend has emerged where Twitter users hold contests where they stipulate that (more…)