One of the great characteristics of the Million Dollar Wiki, which was also the case for the Million Dollar Homepage, is the legendary virtual inventory that entrepreneurs drool over.
A virtual inventory is an inventory of virtual items, such as pages in a wiki, keywords, or pixels. The upside of selling a virtual inventory is tremendous. You determine how much inventory you have, you determine the price, and in most cases, the cost is very little. The profit margins are huge, which helps fund your advertising budget.
Creating and selling a virtual inventory is no easy task, but if done right, can be extremely successful. What other virtual inventories might be out there, waiting for some innovative entrepreneur to capilatize on? Your guess is as good as mine. One thing is for certain though, a virtual inventory is the birthchild of the internet, and was never possible 15 years ago. The internet has given rise to truly amazing opportunities for those who are motivated and creative thinkers.
If you want to make a lot of money on the internet, a virtual inventory is always a key to success. Give it some thought tonight and see what ideas you can come up with for virtual inventories. Who knows, you might just stumble upon the next million dollar idea! G
Related Articles
11 users responded in this post
Hey Graham,
I agree that creating your own “virtual inventory” to be a great way to start a new business venture since your product can be unique and at a low cost. I really enjoy your site (I’ve already bought 3 pages) and I wish you and MillionDollarWiki.com continued success!
-Stephen
Thanks Stephen,
I’m wondering if anyone has any good ideas for other virtual inventories…
Well they aren’t going to share them here certainly!!!
But that’s why subscription sites are great if you can cover a topic you know very well - and have the determination to get it to work.
I have one but I think that you already know it.
I have an idea. certainly not a wiki nor pixel.
Siva I will tell you mine if you tell me yours.
I have always thought myself to be quite creative, but when it comes to things like a virtual inventory, I think I need to open my mind even further, because so far I can’t leave the realm of the non-virtual
Anyone have some mind exercises or anything I could use to expand my creativity to a new level?
Well, Most people have trouble visualizing something that isn’t physically there…especially something which hasn’t been done before. We are all too used to the convention of selling a physical good or service for payment, but selling wiki pages or pixels seem way out there.
I believe every person has good ideas within them, however, there are many factors which prevent them from making it a reality. Whether it be lack of technical knowledge or money, people need to start by taking a leap of faith and go with their gut sometimes.
Agree with Stephen. I have quite a few ideas. Would love to work with any one intrested. I feel there are many peices to get the project going, make it successful and get it done. The press makes the story as it is easy to do kind of stuff, then only people lookat.
All the different peices I can think of are:
Good idea like pixel or wiki,
Technical aspects of getting the site done, marketing,
Public relations,
Existing user interaction
Long term view of site usage and revenue model.
@siva - what you’re talking about is not an idea, it’s just a cheap ripoff. If anyone has a great idea like this wiki, then why share it?
[…] de los posts que más me llamó la atención fue Key to Success: A Virtual Inventory, ya que ciertamente describe la ironía de estos sitios que no venden productos ni servicios […]