10 Totally Dumb Business Ideas That Made Someone Rich

I came upon a website that showcase 10 Dumb Business Ideas which made their creators really rich! Well, hope this will inspire you to do something by thinking out of the box.

1. Million Dollar Homepage
http://milliondollarhomepage.com
1000000 pixels, charge a dollar per pixel – that’s perhaps the dumbest idea for online business anyone could have possible come up with. Still, Alex Tew, a 21-year-old who came up with the idea, is now a millionaire.

2. SantaMail.Org
http://santamail.org
Ok, how’s that for a brilliant idea. Get a postal address at North Pole, Alaska, pretend you are Santa Claus and charge parents 10 bucks for every letter you send to their kids? Well, Byron Reese sent over 200000 letters since the start of the business in 2001, which makes him a couple million dollars richer.

3. Doggles.Com
http://doggles.com
Create goggles for dogs and sell them online? Boy, this IS the dumbest idea for a business. How in the world did they manage to become millionaires and have shops all over the world with that one? Beyond me.

4. LaserMonks.Com
http://lasermonks.com
LaserMonks.com is a for-profit subsidiary of the Cistercian Abbey of Our Lady of Spring Bank, an eight-monk monastery in the hills of Monroe County, 90 miles northwest of Madison. Yeah, real monks refilling your cartridges. Hallelujah! Their 2005 sales were $2.5 million! Praise the Lord.

5. AntennaBalls.Com
http://antennaballs.com
You can’t sell antenna ball online. There is no way. And surely it wouldn’t make you rich. But this is exactly what Jason Wall did, and now he is now a millionaire.

6. FitDeck.Com
http://fitdeck.com
Create a deck of cards featuring exercise routines, and sell it online for $18.95. Sounds like a disaster idea to me. But former Navy SEAL and fitness instructor Phil Black reported last year sales of $4.7 million. Surely beats what military pays.

7. PositivesDating.Com
http://positivesdating.com
How would you like to go on a date with an HIV positive person? Paul Graves and Brandon Koechlin thought that someone would, so they created a dating site for HIV positive folks last year. Projected 2006 sales are $110,000, and the two hope to have 50,000 members by their two-year mark.

8. Designer Diaper Bags
http://www.diapeesandwipees.com
Christie Rein was tired of carrying diapers around in a freezer bag. The 34-year-old mother of three found herself constantly stuffing diapers for her infant son into freezer bags to keep them from getting scrunched up in her purse. Rein wanted something that was compact, sleek and stylish, so in November 2004, she sat down with her husband, Marcus, who helped her design a custom diaper bag that's big enough to hold a travel pack of wipes and two to four diapers. With more than $180,000 in sales for 2005, Christie's company, Diapees & Wipees, has bags in 22 different styles, available online and in 120 boutiques across the globe for $14.99.

9. TruGamerz.Com
http://www.trugamerz.com
Faux-suede padded covers for game controllers and gel thumb pads for analog joysticks? No one will buy that. Forget it. The product proved to be so popular, it got picked up by Target.com and Walmart.com and annual sales now exceed half a million dollars.

10. LuckyBreakWishbone.Com
http://www.luckybreakwishbone.com
Fake wishbones. Now, this stupid idea is just destined to flop. Who in the world needs FAKE PLASTIC wishbones? A lot of people, it turns out. Now producing 30,000 wishbones daily (they retail for 3 bucks a pop) Ken Ahroni, the company founder, expects 2006 sales to reach $1 million.

Ranks of Asia's millionaires grows on strong economies, soaring markets

Hello Millionaire Wannabes, please read this!

The Associated Press - 10/18/2007

Robust economic growth helped 200,000 people join the ranks of the Asia-Pacific's millionaires last year, with Singapore's rich club growing at the fastest rate, a study showed Thursday.

The number of people worth 1 million U.S. dollars or more in the Asia-Pacific region grew by 8.6 percent in 2006 to 2.6 million, making up 27 percent of the world's millionaires, according to the annual Asia-Pacific Wealth Report by investment bank Merrill Lynch & Co. Inc. and consultancy Capgemini.

The combined wealth of the region's millionaires swelled 10.5 percent to US$8.4 trillion, up by from 2005, with Japan accounting for 43 percent and China about a fifth.

The report also said the region's class of super-rich individuals whose assets exceed US$30 million grew by 12.2 percent to 17,500, exceeding the global rate of 11.3 percent.

"It is really a story of growth, growth and growth, all across," said Rahul Malhotra, Merrill Lynch's head of global wealth management for Asia-Pacific, at a press conference outlining the report.
Wealth creation was driven by the region's rapidly developing economies, among the fastest-growing in the world led by China and India.

Handsome returns from regional stock markets also boosted wealth, as benchmark stock indices in China, Indonesia, India and Hong Kong outperformed most mature capital markets with returns over 30 percent, the report said.

Savings rates, as a percentage of GDP, were higher in Asia-Pacific than most developed markets, with rates greater than 40 percent in China, Singapore and Hong Kong.

In Singapore, the number of millionaires rose by 21.1 percent to 67,000, giving the Southeast Asian city-state the fastest growing population of high-net worth individuals defined as people with financial assets of at least US$1 million, excluding their primary residences.

The report said researchers found that the Indonesian population residing in Singapore comprised a significant share of the local millionaire population and wealth.

It noted that the city-state began a program that allows foreigners to obtain residency through investment and estimated that approximately 19,000 Indonesian millionaires reside in Singapore, holding about US$93 billion in financial wealth.

India and Indonesia followed Singapore as the next two fastest-growing millionaire populations, with 20.5 percent and 16 percent increases in the numbers of millionaires respectively, the report showed.

Lessons From Robert Kiyosaki's Seminar, 'Secrets Of The Rich' At The National Achievers Congress

The Secrets of the Rich - No. 1
The poor and the middle-class work for money. The rich have money work for them

I've recently been to a property fair featuring Australia properties. It was indeed an eye opener for someone like me who has not invested in any real estate properties. It was demonstrated how easy it was for someone who has moderate savings could actually own one small size apartment and start earning passive income. Certainly, the apartment has to be situated in good locations. Besides the passive income, the land which the apartment sits on will also appreciate and provide capital gain if he intends to sell the unit later.
Using that passive income, the person could either spend it or serve a new mortgage loan for another residential property. This is a formula that will never be taught in school.
How much interest are we earning today from our bank savings? It's a shameful amount.
It can be quite scary if one has no prior real estate investment experience because the initial capital outlay may cause uncomfortable to most ordinary people.

The Secrets of the Rich - No. 2
Mind your own business

Robert is not telling us not to be a busybody. The advice is to tell us to start our own business. Many people actually have many great ideas. This world has no lack of great ideas. It's whether the idea is being put into action is another set of story. It's a habit for not doing new things and it's also a habit for constantly doing new things. So the major problem of most ordinary people is that they lack action despite having great ideas. Hence, no great result was produced.
So start putting your idea into action and start a business for yourself. You've got to take care of yourself!

The Secrets of the Rich - No. 3
Create investments, don't buy them

Robert uses an example of real estate. I feel that this secret apply to your business too. If you have a great idea which you put into action to create your successful business, you will attract investors. They put huge capital into your business for you to grow them. How much an idea cost?

Create investment = Create idea
But you must put that idea into action. In other words, make things happen!

The Secrets of the Rich - No. 4
Expand the product before you buy

This can be applicable to your business too. This is what the big guys are doing in the business world. If you own a successful business, you can take it to public through IPO. Your business is still the same business. However, you've added an element of investment into your business. Money rolls into your business quicker.
Robert's next question was, "What is your winning formula?"
For him, don't do what everybody else is doing.

I feel this is an important question. What we've been doing and thinking have gotten us to where we are today. So, I choose not to work for somebody else, just like many others are doing, and today I'm earning passive income.

What about yourself?