My Suggestion How to make a million dollars

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Webmasterserve

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Administrator
Invent a useful website that at least one million people will be willing to pay at least $1 to subscribe to and voila, you have made 1 million dollar :)
 
O

ooen

That actually sounds pretty tough. What website has a million+ subscribers who pay $1+? I'm just curious.

Other ideas?
 

Webmasterserve

Staff member
Administrator
I have just identified a market niche for you to exploit :) But Microsoft has several millions of users access Microsoft's sites everyday including over half a million Microsoft Certified Professional who pay to access certain resources on Microsoft's site.

I know Microsoft is huge but I am sure a smaller creative organisation can create a resource that could be in high demand, you just need to charge $2 and you will only need 500,000 to make a million. :)
 
O

ooen

There are already ton of websites for MCSE, MCSD, Oracle, Cisco, and all other certifications. So, the idea isn't new, though it does not imply that you can't compete in the market.

Ok, what else can we do? New OS? New SE? P0rn? Entertainment? Become actor, actress, dancer, singer ...?
 

Webmasterserve

Staff member
Administrator
Okay,
Lets look at your proposal one by one:
New OS, no way, that will cost an awful lots of money to develop
New SE ....umm there is a possibility but you need to have lots of bells and whistle to attach users
Porn.... tasty porn both hard and soft core is over done as well, way way too many porn sites
Entertainment...... depends on what sort of entertainment.

On the radio today I hear that over 75% of adult that should have a will (in UK ) do not have a will, so how about an online will writing service? That could be potentially lucrative, talking of which when I logon to a one of the largest grocery super stores in the UK I saw
an advert for online will service for £9.99, lawyers usually charge you about £100 for the same service.... so I think I found the one million dollar idea, an online will service for UK residents, you never know, the statistic of people without a will in US may be the same or worst :)
Temi
 
O

ooen

temi said:
On the radio today I hear that over 75% of adult that should have a will (in UK ) do not have a will, so how about an online will writing service? That could be potentially lucrative, talking of which when I logon to a one of the largest grocery super stores in the UK I saw
an advert for online will service for £9.99, lawyers usually charge you about £100 for the same service.... so I think I found the one million dollar idea, an online will service for UK residents, you never know, the statistic of people without a will in US may be the same or worst :)
Temi
Actually, this already exists; it's called your last email or something like that. However, now we are looking into an interesting sector, legal. A lot of legal services are not automated, while there is huge demand, consequently, you need to spend a lot of money to get stuff done. Automation system for this? Looks pretty promising. Up until today, many people are saying, "Oh, it's so difficult, oh, it's so complex, oh, it can never be automated, etc. etc." If we can find a way to automate this, however, buying a couple of islands is no longer our dream ...

Ok, what else can we do?
 

Webmasterserve

Staff member
Administrator
ooen,
I have suggested a few things, its now your turn :) What can we do to make a million dollars?

Going back to the will thing, I think its actually worth pursuing, you do not need to be a lawyer to do it you just need a lawyer to draft and ensure the document complies with legal requirements..... I wish I have time to look into info this more, its potentially a lucrative venture.
Temi
 
O

ooen

temi said:
ooen,
I have suggested a few things, its now your turn :) What can we do to make a million dollars?
Pretty conventional way to make a million:

You can make money on the web; adsense, affiliate programs, Amazon book store, etc. If you combine all these, you can make a pretty good portal that makes, ... I don't know, 4 -5k? It's not much, but it's something. Once you take the portal to make 4 - 5k, you probably don't need that much time to maintain, so you move onto next one. You make 3 - 4 of them. Maybe it takes you 2 - 3 years to do this, but once you make 3 - 4 portals that make 4 - 5k a month, you make 15k+ a month. Now, you can start hiring people; you contract out some of work, build more portals, and also contract out maintenance. If you make 10 portals and you make 2k from each(after you pay to contractors), then you make 20k a month; that's like 250k a year. If you spend wisely, you'll have a million in several years. It can take up to 10 years to do all these, but it should sound more realistic than some plans. What do you think?

A little unconventional, i.e, we think they work, but we don't see such businesses in today's market.

1. Legal work automation(which we already covered)

2. Creation of a network of healthcare, Medicare institutions; it's been talked about for some time now, but there is no such system that actually connects all healthcare, Medicare institutions nation wide electrically, i.e., via the internet. You need to have a revenue model, business model, but this can be really big.

2.2. Worldwide network, not nation wide. Even bigger.

3. Creation of a network of colleges and universities; it's been talked about for some time now, but there is no such system that actually connects all colleges and universities nation wide electrically, i.e., via the internet. You need to have a revenue model, business model, but this can be really big.

3.2. Worldwide network, not nation wide. Even bigger.

If I take more time, I should be able to come up with a couple of other ideas ...

Comment?
 

Webmasterserve

Staff member
Administrator
What a brilliant woman you are ooen,
Here are my response to some of your sugestions:

1. Adsense/affiliates
So far going by the webmasters I have spoken to the only company making money of Adsense is Google, I don't think that many sites make much and from my experience you don't make decent money from most affiliate program (probably because most webmaster I know have an average site and not a super site with thousands of hits per day) the little you make by the time you pay paypal or bank commission what is left is not work writing home about, but I could be wrong, I will like to hear from any webmaster who makes over $1,000 a month from Adsense partnership.

2. I think the creation of healthcare, Medicare institutions etc is a brilliant one but I don't see it getting off the ground because most such instantiation are government own/controlled and you can imaging how difficult it will be to sell such ideas to governments in many different countries. (It took the whole world a few years to convince the government of South Africa that AIDS is real and preventive action needs to be taken to stop the spread).

But I am sort of trying to think of an easy way that will only take a few ambitions people to create a million dollar idea, people acting individually or businesses move much quicker than governments and institutions. Perhaps we should talk more about the legal automation proposal via PM, I think its the best and the more feasible of the proposals
Temi
 
O

ooen

1. Adsense/affiliates
So far going by the webmasters I have spoken to the only company making money of Adsense is Google, I don't think that many sites make much and from my experience you don't make decent money from most affiliate program (probably because most webmaster I know have an average site and not a super site with thousands of hits per day) the little you make by the time you pay paypal or bank commission what is left is not work writing home about, but I could be wrong, I will like to hear from any webmaster who makes over $1,000 a month from Adsense partnership.
You can't be making $1000 just by having a 5 pages website; it's possible, but it's extremely difficult. If you have a large site, however, this is not a rocket science, though I don't say it's easy. You need to have 10,000+ pages to make this much money comfortably, and you need to be a little creative to create such a website. Some ideas are ...

1. Create a list of diseases and add some information
1.2. Create a list of drugs and add some information
2. Create a list of restaurant reviews

... etc. Integrate contextual ads, banner ads, prescription drug sales affiliate programs, book sales affiliate programs(Amazon), etc. in the site. Yes, you can make $1,000+ a month. I think you get the idea.
2. I think the creation of healthcare, Medicare institutions etc is a brilliant one but I don't see it getting off the ground because most such instantiation are government own/controlled and you can imaging how difficult it will be to sell such ideas to governments in many different countries. (It took the whole world a few years to convince the government of South Africa that AIDS is real and preventive action needs to be taken to stop the spread).
I do agree to a certain extent, but many hospitals are owned privately, not a government property. Small clinics, same thing. You also need to count drug stores as well.

... hmmm ... I can see we are making millions, even billions!!! :)

BTW, I am a man; it is technologically possible that I will become a woman in the future, but I doubt if it'll happen ... :(
 

Webmasterserve

Staff member
Administrator
Ahhh,
Apologies about the gender confusion :(. I design websites for small organisations, businesses and individual as a day job. From my experience when you design a website for a person its takes and average of 3-4 weeks to complete. When you design a website for organisation where you have more than one decision makers the average time completion time is 3-4 times what it takes to build a website for an individual.

If you apply this same general rule to setting up a network on website that will transcend countries etc etc, I will be due for retirement before it comes to fruition, I want to make a million dollars while I am still you and able to enjoy the money :)


BTW
I am building a website for a small organisation since December last year, the committee members (4 of them) always want different things and after each meeting about the website they come out with new and different ideas that is different from what they wanted the last they met :(
 
O

ooen

temi said:
Ahhh,
Apologies about the gender confusion :(.
It's all right.
temi said:
If you apply this same general rule to setting up a network on website that will transcend countries etc etc, I will be due for retirement before it comes to fruition, I want to make a million dollars while I am still you and able to enjoy the money :)
Ah, I may not have described what I mean by network. Let me illustrate my point by taking some examples. Telephone line creates network. We do have network, right? Broadband creates network, right? How about Google? It represents their view of the entire www and it facilitates to create network. Google News; it's a network in the sense that most news sites are connected via Google News. Yahoo Finance, another network. The point I'm trying to make is that creating a bunch of websites one by one isn't exactly network, but creating a platform and getting participants is the network. Does it make sense?
 
O

ovi

:)

I found the sollution. Take a look here:

randi.org/research/

I can say that if you are a clever boy, you can win :)

I wayt feedbacks :)

Ovi
 
R

racerman28

Well, if you're Bill Gates' son, you ask Dad for lunch money and he hands you a mil!

Seriously, to earn that kind of money online you will need ALOT of traffic no matter what inducstry it's in.

I also think we're going to see the re-emergence of websites that go public and generate capital that way as well.
 

ronald

White Belt
For a website to be successful and to stand on its own it is going to need other sites to link to it.

To make money from a website you are going to need a regular stream of traffic at least several links and advertisments to other websites and to have a unique selling point for your website
 
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