MILLION DOLLAR EARTH idea of risk and the road to success with the site

Posted by: Khalid Memon 22 May,2011 in Internet 2 Comments

In the name of God the Merciful

My topic today will be about the website and the new idea of the website MILLION DOLLAR EARTH Who I met through my brother's blog Raouf Shabaik Thank you , The idea of the site is to sell more than a thousand city of famous cities, drawing on maps by default Google and all the city purchased will contain an ad interface where you can insert your page for fans of Facebook , Your Twitter account feeds , YouTube videos or a text box where you can interact with online visitors ,

You can also resell the city and make a profit , I liked the idea of the site very much because it opens a new field for investment with an unconventional idea , The nice thing about the site is that it is personalized 10 Percent of total sales as donations to a non-profit charity called charity: water Which is interested in establishing projects to provide pure and healthy water in developing countries … This means that by purchasing a city on the site, you are contributing to providing safe drinking water to people who desperately need it in a country … As the Algerian proverb says ” An argument and a relief ” Look how smart people think ! .

Good idea but I'm thinking about the risks:

I looked at the site carefully and thought about the idea well and came to the conclusion that it is dangerous to invest in such an idea because its risks prevent me from doing so. , What makes the idea succeed and make the site profitable? What makes this site valuable and sustainable?

Doesn't the idea become useless if others open similar sites? People will flock to MILLION DOLLAR EARTH when they hear about it, seeking to win their favorite cities. , The love of possessions and obtaining something special is something innate in people , Think about that feeling when you have something special that the rest don't have … A wonderful feeling. But how do you feel when you find that something you thought was special is no longer so? It is available everywhere and it is easy to get it at a lower price.

It is a shock, even if you want to sell again, you will not get profits because you are not the only one who owns the item ,Here it is the market that speaks …

I spoke with the owner of the site, Ryan Hart, via Facebook about this particular problem, and what I understood from his answer was that the idea will continue and succeed because it is unique, even if other sites imitate the idea. , He said that people always want to get the original product , He gave me an example of Coca-Cola and the iPhone …

His words are correct and his examples are correct, but his simile is wrong .

The original commodity here is the dilemma :

The examples he gave of companies that succeeded first with their branded product, which they spent years on in order to have that value and gain trust. , Suppose, for example, that I made a device that is an exact copy of the iPhone in everything, even the operating system is an exact copy of IOS, but my device bears the marking ” Daily Mail ” Instead of Apple, will I succeed? … of course no . In this example, we will represent the MILLION DOLLAR EARTH website at Apple and we will represent the cities that the site sells on the iPhone. .. Pay attention here ! Competing sites will not sell cities that are not on the map or cities from Mars, but rather they will sell the same cities that will sell the iPhone !!!!!! You will be selling the same original item … But with discounts and stronger temptations … Did you understand the danger?

The MILLION DOLLAR EARTH website relies on Google Maps, which contains the locations of the cities it sells , Anyone else could use the same Google Maps and sell the same cities on another site, perhaps with new ideas that might pull the rug from under Ryan's feet. . For example, the city of Dubai remains on any map, the same place, the same name, and its presence on the MILLION DOLLAR EARTH site will not add any value to it because it is a new site and its registered mark has no real value. , On the other hand, if Google implemented this same idea, it would be a huge success and eliminate all competitors for several reasons :

Because it's Google “Brand”
Because Google is the owner of the maps
Because Google has many other services that can be integrated with this idea
Because Google can market its idea more powerfully and efficiently

The road is paved with flowers for Google to work on this idea and it can do so .

Any ideas? :

I actually admire the idea of the MILLION DOLLAR EARTH website and I want it to succeed because the determination of the website owner and his philosophy in creating it are very inspiring. So I spent some time thinking about what could make this idea succeed and continue and compete. Some ideas came to mind and I wanted to share them with you. Perhaps the most important of these ideas is:

Who owns cities on MILLION DOLLAR EARTH? I think that the most important thing that Ryan should do is market the idea of his cities to famous personalities and stars, and they are the most important factor that adds high value to the site. I noticed this important point on Twitter, which supports my idea well here. ,It is a site with a simple idea that many have repeated, but the secret of Twitter’s success is in the personalities who have an account on it, and no one can deny this point. …

Finally, I would very much like you to provide us with new ideas that MILLION DOLLAR EARTH or others may benefit from in their emerging projects.

I wish success to the site and to everyone who has inspiring ideas

Seems like I talked a lot today !