This is getting fun and interesting so far. My first sold block on the milliondollarterm.com goes to Red Cube Productions. They are a music events promotion company that focuses on electronic dance music while showcasing world renowned talent.

This little experiment so far is reminding me about what it is like to start something from ground up, in a non stressful way of course. Everything from the people who think you are crazy to the ones that want to support you from the start. Like they say, in many ways it is like a numbers game and you can’t take rejection personally.

Almost makes me want to sell through the inventory faster as I’m sure it will produce a lot of interesting stories. I can already imagine the term guessing process becoming a unique and interesting experience.

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Alright, so I guess this is technically the first money idea I had which is actually live now. You can visit the website at http://www.milliondollarterm.com. While this isn’t the very first idea that I posted about before, I was just staring at the monitor one day and thought this one was less time consuming.

The main train of thought was that I wanted to create something that could be fun, interactive and at the same time actually provides people the ability to make a profit should they decide to do so. I was trying to think of a board game type of look where people could place ads on these blocks to help them get exposure. I couldn’t help but to be reminded of that million dollar homepage awhile back and thought that the layout and approach might be good.

So the funny thing is that a million is usually the standard figure people use to label as a lot of money, so I tried to determine a good number value wise to determine how many blocks I would need to sell to reach that figure. First I was thinking like $25 per block space, but then trying to imagine selling 40,000 of them seemed a bit much as well as trying to fit them on a page. Strangely enough, 10,000 of them at $100 each sounded like a more well rounded figure.

Of course, the first thing that clicked on my head was that it seems incredibly similar to that other site at first, but I thought it wouldn’t matter too much since the direction isn’t really the same. Like most things too, a lot of the success has to do with the execution such as trying to get the word out. Example, some people start by going to friends and family while others use say a third party publicist.

So, let’s see where this takes me and the type of help I will get along the way. That would actually be great if it worked out too as I’m sure that I can think of ways to use it to help others afterwards while at the same time using some of the funds to continue this journey.

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