Remember the million dollar home page? (See below if not.) MyMillionDollarPictures.com is a very similar, yet more modern, concept as it integrates social media.
The aim of MyMillionDollarPictures.com is for the owner to earn $1 million by having people pay $1 to have their image uploaded and added to a mosaic of a million people. The concept is simple, really, and feasible as many people would have no apprehension shelling out $1 for a little bit of online fame—people buy Facebook "gifts" for $1 all the time, and that’s only for a micro-moment of small-scale glory.
MyMillionDollarPictures.com was launched on November 23. On the date this article was authored (November 25), the owner had sold 125 pictures—that’s $125 in a day and a half. Not a bad business model!
$1 Million Social Site Ideas
MyMillionDollarPictures.com Wants 1 Million Pics for $1 a Pop
Trend Themes
1. Micro-fame Consolidation - A trend where people pay small amounts to gain online recognition through consolidated platforms such as MyMillionDollarPictures.com, creating opportunities for disruptive innovations such as personalized products or digital experiences to boost individual recognition beyond social media networks.
2. Super-social Aggregation - A trend where social media is integrated with everyday activities such as purchasing, creating opportunities for disruptive innovations such as creating complementary services or features to the platform that further integrate it within daily life experiences.
3. The Power of Crowdfunding - A trend where people willingly contribute small amounts of money to finance larger projects or initiatives, creating opportunities for disruptive innovations such as exploring additional crowdfunding models or incentivizing user-generated content.
Industry Implications
1. Start-ups - Start-ups who focus on consolidation of social media feedback like personalized recognition products and/or services to increase user engagement, customization, and loyalty, can capitalize on the micro-fame consolidation trend.
2. E-commerce - The integration of social media into e-commerce can capitalize on the super-social aggregation trend providing features and advantages to the customers that make the purchase experience more integrated and compelling.
3. Crowdfunding - Crowdfunding models that incentivize creative content production and/or large-scale audience participation, such as picture mosaics, can capitalize on the power of crowdsourcing trend.