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Million Dollar Wiki Million Times Overrated?
August 14th, 2007 by Matt HugginsFor those of you who follow John Chow, you’ve probably already read about the Million Dollar Wiki. The basis of this new website is to sell individual pages for $100 each such that other netizens can buy them to fill with the content of their choice. Similar to Wikipedia, the URL’s take on the form milliondollarwiki.com/MyPage. As such, if a unique page name is purchased, no one else can purchase it.
Despite John Chow providing an update shortly following his review stating that Million Dollar Wiki sold 70 pages (for $7,000 profit) within 24 hours of his review being posted, I feel that the site is far overrated for what it is. With that said, I must state the the concept is ingenious in its own right. “Why,” you ask? Because there are so many naive Web users who will pay for a page on this site.
First and foremost, I think people see the word “wikiâ€, recognize that Wikipedia is at the top of Google search results for countless queries, incorrectly assume that wiki = Wikipedia, and therefore assume their $100 page will be at the top of the search results. This is simply not true. Wikipedia is an implementation of the wiki technology, as is the Million Dollar Wiki. Wikipedia took much input, collective effort, and a significant number of inbound links over time in order for its content to be considered an authority (and thus a top result for so many queries) by Google.
Contrary to this belief, Million Dollar Wiki has few inbound links (as of the time of this article), zero PageRank, and countless other factors that will result in this being the same as throwing $100 away unless its stats significantly improve. It has received a spike of traffic since John Chow’s review, (as can be seen in the screenshot below), but it’s yet to be determined if this traffic will remain as the review slides off his homepage.
Second, many of the purchased pages within the Million Dollar Wiki appear to be getting set up as pre-sell pages — a landing page that attempts to lead you to another website or web page. If this is true for a majority of Million Dollar Wiki’s pages, then even if the site’s stats do improve and it reaches some top search results, who is to say that users will click on these listed results within the SERP’s? Personally, I use search engines when I need information, not when I am trying to be sold on an idea. As such, I will probably be avoiding any link to Million Dollar Wiki.
I don’t know about you, but I would much rather pay less than $100 for a domain name and Web hosting where I can include as many pages as I want. Furthermore, I can control the on-site SEO of my own website instead of simply hoping that an individual page hosted by a third party site hits the top of targeted search results.
What are your thoughts on Million Dollar Wiki?
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August 14th, 2007 at 3:22 am
My Make Money Online page on the Million Dollar Wiki has made $100 already. It signed up four TLA affiliates for me. Anything else it makes now is pure profit.
August 14th, 2007 at 3:26 am
Thanks for sharing, John. Do you have any available info about how those who signed up with your affiliate links found your Make Money Online page? I’d be curious to see if those numbers continue to be seen.
August 14th, 2007 at 6:38 am
Yeah, I guess we might have to take a “wait and see” attitude about this project. (In respect to PR, Alexa, inbound links and all that) Though John raises an interesting topic in that snagging certain pages could give you a new foothold on a certain niche or keyword.
August 14th, 2007 at 9:35 am
I have a feeling the guy will sell all the page, but I don’t think it’ll get the publicity as the million dollar homepage.
My biggest issue is getting traffic if I create a page. I don’t have a following to boost those page views. Maybe I’m just being a pansy.
Carl
August 14th, 2007 at 12:25 pm
This is a really interesting concept. I wonder if it could one day be one of those sites where everyone has one has one. I think if you are a savy marketer you can do some good with some pages. I guess you could look at it kind of like putting $100 into a PPC campaign to test.
August 14th, 2007 at 2:00 pm
I’m not sure how they found the page. I assume it’s from all the buzz going around the net. My make money online page on the wiki has be viewed over 2,600 times already. I’m actually thinking of getting a few more page to target some high paying affiliate deals.
For example, the Amex pays $200 if you sign someone up to their Gold Business card. One sign up and you’ve double your money.
August 14th, 2007 at 6:18 pm
It is probably overrated, I won’t even visit it. There is only one Wikipedia and it’s an organization. I rather visit your website and read about it than waste my money on anything that has a “million” in it.
August 14th, 2007 at 10:42 pm
Thanks for taking the position.
Asking people to pay money for something they can get elsewhere for free is not clever. It is at best unethical and at worst criminal. Yea, a sucker is born every day - but lets be honest about this.
August 14th, 2007 at 11:59 pm
Anyone who makes good content for their page and a 66×66 button is guaranteed placement on the homepage for a rotating duration.
August 15th, 2007 at 12:01 am
Then, they capitalize directly off of traffic to the main page. This also encourages people to create great content. The stats are improving every day, and when Google updates their pagerank, we will show significant improvement. 5 years from now we will have a pagerank of 7 at least. When you buy a page, you own it for the life of the site, which I fully intend to run for my entire life.
August 15th, 2007 at 11:23 am
It’s an interesting idea and if you target the right keywords I think you can get your money back easily with a few affiliate deals.
August 15th, 2007 at 4:06 pm
i’ll be watching this for a few more weeks before I decide on buying a page or not
August 15th, 2007 at 9:15 pm
Good idea, but it’s quite slick. I won’t visit those site.
August 16th, 2007 at 9:13 am
I’m with you. I can get a domain name for $8.88 and my hosting if $5 a month, so why in the world would I pay $100 for one page? Maybe I’m looking at it wrong?
It may turn out to be a gold mine, but I can’t seem to get over the design! It’s looks like something straight out of 1997.
August 17th, 2007 at 9:36 pm
That’s the good thing about being popular. You can take advantage of opportunities like this and still make money. John Chow makes money just off of his name, and of course he would make some cash from this deal. It seems as if people are on the fence about this and rightly so. I too will wait until the smoke clears. But hopefully it won’t be like waiting to see what the Google stock will do!
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August 19th, 2007 at 10:32 am
Let’s celebrate ‘Entrepreneurship’. If anyone feels the value of their page will not fetch them the cost of ownership, then so be it. Those who feel their page to get valuable over time can certainly afford the advertising.
Case in point, I got 2 sign ups for Rich Dollar. Overtime, if it brings my company a dime in profit, I think it is worth it.
As an Entrepreneur, I celebrate ideas and youth. It is not so much how a project begins, but it’s lasting potential. Perhaps the million dollar wiki will evolve to some greater purpose in it’s lifetime. This we don’t know. But the possibility exists.
Do you know how many millions are lost on Google Adsense ad platform? The million dollar wiki is a sensible and cheap way to get your business or service exposure. For however long it lasts.
August 20th, 2007 at 1:30 am
I’m all over it. A 1 off fee of 100 bucks is good going in my books. Deron quoting $8 for domain and $5 per month i suggest needs to do the figures on that against $100 for at this stage 15 yrs. They don’t compare!
The site is now over 360 pages sold … with EVERY page he gets closer to 10,000 thus realising the goal the interest will be increased and the domino effect will continue.
Whether it’s right, wrong, good, bad, sustainable or not i’m willing to put 100 down, or in my case 200 at this stage and take a punt. “If” it gets the slightest bit of national media coverage watch it go!
I’d rather be on board looking back saying glad i took the chance, cause i see it as a minimal risk.
My 2 cents.
neil
August 22nd, 2007 at 3:08 pm
To Deron: cost of domain/hosting is nothing as compared with cost of getting recognition - see my point? your bare $8.88 + $5/month wont buy you traffic and publicity, isnt it clear?
I paid my hard earned (and I mean it) $100 for “Singles” cause I’m really curious to see whether I’m really jumping on a bandwagon. At any event, I’ll get my $100 in revenues no problem.
August 23rd, 2007 at 5:31 pm
I bought a Million Dollar Wiki page. I actually own the Marketing Page and so far, I’ve already made my $100 back. It’s pretty neat, there is full support for every issue you could possibly have and, well I’m not the only one who has made my $100 back. In fact, I now have a coupon code so people can get $5 off of their page purchases. The code is: k5webworks, If you want to buy a page, just punch this code in on the checkout page and you just saved 5 bucks. Anyway, I belive MDW has now reached over 380 pages sold. Graham is a pretty smart guy in my book.
August 26th, 2007 at 8:15 pm
The money page on the Million Dollar Wiki is show members and how much they have earned. One guy is on there for .10 cents. Ha thats pretty funny. http://www.milliondollarwiki.com/Money
September 11th, 2007 at 10:26 am
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