- Joined
- Jun 29, 2011
- Messages
- 1,822
Rep Bank
$2,580
$2,580
User Power: 246%
Here's a quick story about how solving a problem can become profitable quickly.
A few months ago, the image host imgur.com started blocking pro-Donald Trump photos. The images were no better or worse than photos of other presidential candidates, so it was more censoring than anything. So, Donald Trump supporters on reddit and other websites were left with a problem. They had photos to share, but no image host.
An alternate image hosting website, sli.mg, somehow let people know that they would allow their photos to be hosted on their server. It works in much the same way. Approximately three months ago, the website had a "valuation" of $30,000. Whether that number was accurate or not, who knows. But today, that same website has a valuation of $71,000,000!
I'm going to assume both of these numbers are inaccurate, but that's a 2,400% increase in valuation. I'm sure it has a lot to do with how much traffic they get, because they make their money off display ads. So the 2,400% might be a better number to take from this.
They solved a real problem for a passionate market, and it took off like wildfire. Sure beats the hell out of hard-selling products that people don't need.
A few months ago, the image host imgur.com started blocking pro-Donald Trump photos. The images were no better or worse than photos of other presidential candidates, so it was more censoring than anything. So, Donald Trump supporters on reddit and other websites were left with a problem. They had photos to share, but no image host.
An alternate image hosting website, sli.mg, somehow let people know that they would allow their photos to be hosted on their server. It works in much the same way. Approximately three months ago, the website had a "valuation" of $30,000. Whether that number was accurate or not, who knows. But today, that same website has a valuation of $71,000,000!
I'm going to assume both of these numbers are inaccurate, but that's a 2,400% increase in valuation. I'm sure it has a lot to do with how much traffic they get, because they make their money off display ads. So the 2,400% might be a better number to take from this.
They solved a real problem for a passionate market, and it took off like wildfire. Sure beats the hell out of hard-selling products that people don't need.
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Membership Required: Upgrade to Expose Nearly 1,000,000 Posts
Ready to Unleash the Millionaire Entrepreneur in You?
Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.
With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.
Become a member and gain immediate access to...
- Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
- Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
- Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
- Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.
"You are the average of the five people you surround yourself with the most..."
Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!
Join Today