Wednesday, January 11, 2006

Want to Buy a Pixel?

This story really does not need any more publicity. However, it is one of those Internet "build it and he will come" or you never know what people will pay for stories.

Late last year British student Alex Tew decided to raise $1 million to pay for college by selling 1 million pixels worth of advertising space on his Web site for $1 each. Tew's plan started off by getting friends and relatives to buy 100-pixel blocks on his site.

According to his blog, he was quickly overwhelmed with requests and had to enlist help to process the requests. As of today he has 999,000 pixels sold and is auctioning off the final 1,000 pixels on eBay , scheduled to end later today (1/11/2006). Advertisers can not resell their pixels and the site will be maintained online for five years.

In a bit of irony, Tew has decided to defer his studies. The terms and conditions of purchasing pixels does not indicate that the money received would be used on college. So, I guess he just came up with a pretty good money making scheme. Sphere: Related Content


Anonymous said...

Check out this new concept, a variation of Million Dollar Homepage:
They sell pixel ads auction-based. The highest bidder gets the top ad space with 400x300 pixels.

Bob smith said...

Yeha just found another variation, quite good works like shares - million pound webpage,