Date: 2005-09-12 Category: News
Student entrepreneur offers innovative online advertising opportunity
by Sali Earls
A 21-year-old British entrepreneur is hoping to pay his way through university - and become a millionaire in the process - by selling 1 million pixels of ad space for $1 each on his websites homepage.
Alex Tew launched milliondollarhomepage.com after thinking of ideas to pay for his forthcoming university studies, which begin later this month. Tew said that being faced with the prospect of a large student debt spurred him into action: "Id rather not to be riddled with debt when I graduate, so I decided to think of a way to make money before I start."
At the time of writing, Tews total sales equate to over $8,000, despite his site having only been online for a few days.
Tew, who will be reading Business Management at university, says that people can use the pixels they buy to display an ad or logo and have a link to their own site. "I think this will mostly appeal to businesses," Tew commented, "and perhaps larger companies will buy up lots of pixels to have a more prominent position on the site".
He believes that over time the pixels will offer good value because the homepage will be kept online for at least 5 years, although the aim is to have it up for as long as possible. "It will be like an internet time capsule. Once all the pixels are bought the homepage will never change," Tew explained.
Asked what he will do with any leftover cash should he reach his $1m target, Tew said, "After covering the cost of my degree Id like to pay for my parents to have some time off, because they work really hard and deserve a break. Then I have some business ideas in the pipeline that Id like to invest in."