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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Been awhile since I posted anything in this section. I was trying to flesh out my previous idea, but due to current events it doesn’t seem like I can come up with the necessary time to execute it. I did think of something over the weekend which I will indeed publish since I don’t think it requires too much of a time investment.

I’ve already registered the domain and it should take a few days to flesh out.

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As expected from last time, it looks like the first form of income for this journey will come from the ads on this blog as according to what I see I should be expecting a check for a little over $100 any day now. It would usually translate into more, but the Canadian currency is so close to the US one at this point.

With that, I was thinking what exactly can one guy do with $100? I then thought of this wacky and fun idea, which I will unveil in the future, as it shouldn’t take too much money to start. At this point, I don’t see anyone doing anything like it either. I am currently debating on what is the best way to go in terms of pricing while at the same time how to organize everything to maximize the value of it for people. This will be one of those examples where you can’t be afraid to take action on ideas that you have.

Of course there is a chance for failure and at the same time there is a chance for a lot of success. Considering the amount of start up money is fairly small though, the experience in trying something like this should be priceless. Something I do know that I would need is a way to receive payments and so I am in the process of setting up a paypal account and connecting it with the new bank account that I opened up.

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