Well this is inspiring. http://www.webpronews.com/topnews/2008/10/07/size-doesnt-always-matter-authority-does
I'm envious! Good for him though. I'm sure there was some hard work and good thinking mixed in with that luck too.
Congratulations to that guy, if it is really true. But it goes to show you that companies do not know what they are doing when they buy websites, which is one of the reasons why so many lose money, and they eventually fold down the road.
Very interesting story. I see that BankRate has an ad on the blog, but that can't possibly be worth the $15M investment. I gotta say, this kid likely would have settled for nowhere near that amount, so maybe BankRate is paying for some sort of viral marketing here. We've seen this before with that online casino that was paying gobs of money for the Virgin Mary on waffles, and all sorts of unusual items (I did some deep research to find their parent company and got close to a deal with them myself). Yep, that can be the only logical explanation. The site is a PR5. There are PR8's that aren't worth that kind of money.
I have to agree with Claymation, its most likely a viral marketing type of thing, kinda like when eminem(sp?) old trailer park of a house sold for millions (don't remember the exact amount)
Not that it would do any good, but I wouldn't be surprised if somebody has registered the same Bankaholic name in a Blogger account. All kinds of piggy-backing will occur on this one, thus prolonging the viral benefits.
lol at jessemn. Try BankRate. If they are stupid enough to shell out that kind of money for a site that is worth no more five figures, there's hope for ya.
BankRate is one of the few companies actually having a great time even though we are heading into a depression. They can dish out this kind of money, since this blog can make them regain that $15 mil to break even, and then start making profit from it! The purchase is an ingenious marketing ploy.