Internet  success stories rarely get any sexier than the story of Johns Wu.  
In 2006,  while still an undergraduate research student in neuroscience, Johns started a  Wordpress blog he named Bankaholic.com. A  one-man-show, Johns used an SEO/SEM-focused approach to build traffic and  revenue. Just over 3 years later, he sold Bankaholic to BankRate for a reported $14.9 Million.  
He was 22 years old.
Recently, we  caught-up with Johns. This proved to be a bit of a challenge, as he is currently  enjoying the ability to travel all over the world. He graciously stopped just  long enough to answer some questions about his success and what it takes to  create a multi-million dollar website these days.

So what leads  a guy like you from studying neuroscience into SEO?
My original inspiration was the story of Anand Lal Shimpi and  Anandtech.com. When I was in middle school, I  saw a news report about how he became a media-tycoon when he was only in high  school. Since then, I have always been fascinated by online media. In college, I was originally on track go to medical school, but  the deeper I got into science, the more I realized that I hated it! I explored  some computer and business classes on the side, and in 2005, I started a stock  blog called thebulltrader.com. I had a good  time blogging and running the site, and a year later, in 2006, I started  Bankaholic. After getting my first AdSense check of $50+, I became interested  in getting more traffic, and the rest is history! ;)
Online affiliates  tend to do really well in areas that are either directly or closely tied to  finance. Do you evaluate the proximity to finance when considering an area or  niche where you'd like to build?
  Not at all. The Internet is huge and there are tons great niches  out there.
Is topical  expertise required to compete in a valuable market?
  It definitely helps, but it isn't 100% required.
What are specific  things you feel might substitute for topical expertise?
  Being Internet savvy definitely helps. More specifically,  understanding how SEO and SEM works will grow your business and give you a shot  even if competitors have more topical expertise.
Do you like to  operate in markets where there is passionate competition, or markets where  people tend to approach it with less passion?  
I always steer clear of competitive niches. Always. There  is so much money out there that you shouldn't be wasting your time chasing  over-saturated/impossible niches like ringtones and online poker.
Let's talk a bit  about how you grew Bankaholic. What was your original vision for the site?
  In 2006, it was the peak of the financial bubble. Banks  were very aggressive with marketing so they were paying easy sign-up bonuses to  new customers. Any average Joe with a social security number could make a  couple hundred bucks a month by taking advantage of these deals. 
My goal was to aggregate the best deals and create a  SlickDeals/Fatwallet kind of site that  was exclusively about banking. My vision was to create an online cult of  "bankaholics" that would come to my site every day for the latest  deals.
Great domain name,  BTW. What led you to create a uniquely brand-focused name opposed to using a direct-match  or keyword-rich domain within the finance sector?
 Picking a domain name was incredibly frustrating because  (as you can imagine) all the good names were taken. I remember the day I  thought of the word "Bankaholic" very clearly. I was in the  neuroscience lab waiting for one of my lab experiments to finish, so I went on  the computer and used NameBoy.com to brainstorm some  names. I saw the word "Bankaholic" and I thought hey, this sounds  alright...so then I quickly registered it on GoDaddy. 
Given the size of  the sale {$14.9 Million}, it would seem you were quite ambitious and narrowly  focused to build that much market leverage so quickly. Were you always focused  on reaching that level of success?
  Yes, after I graduated college, Bankaholic became my  life. I knew that I was sitting on a goldmine and that it was my one shot in  life to make it big, so I took it very seriously and spent every free moment  obsessing over how to grow and improve my business. 
Did you employ any  offline strategies to help drive your success?
  The only offline strategy I ever attempted was printing  Bankaholic t-shirts and giving them out. Since the ROI was so dismal, I never  did this again!!
Did you have any  specific priorities that you feel contributed in a meaningful way to your  success?
  Measure and optimize. You can't optimize what you don't  measure.
Are you still  writing regularly on the site? (One of the current authors in particular seems  to share your love affair with culinary treats).
  LOL! I continued writing for a few months after the sale,  but after the transition, Bankrate has totally taken over.
The social media  scene was emerging as Bankaholic grew, but is a much stronger presence today.  Has this changed the way you are approaching new ideas or projects?
  I'll be honest. I HATE social media. I admit, it can be  powerful, but it is so unpredictable and uncontrollable that it is more of an  afterthought for my online strategy. I personally would much rather spend my  time on SEO since it is predictable, measurable, and (most importantly) 100%  profitable. 
  
However, Twitter and Facebook are valuable tools because they allow you to  reach a fresh demographic that hasn't yet descended into the 'conversion  funnel'... So in that respect, yes it is important to have a level of fluency  in SMM depending on your niche and business model. 
If new to a niche  with limited resources, how does someone tackle bigger, more challenging  markets?
  Experience is everything. Learn from your mistakes, and  don't be afraid to fail your way to the top. 
Do you feel a  success story like yours is something that anyone can do, or what makes the difference?
  Not just anyone can do it, but there are many who can. To  be a successful affiliate marketer, you need to be a jack of all trades. You  gotta be able juggle and excel at many disciplines: creativity, design,  business, project management. 
You can only pick  one: which is the most valuable asset for a young webmaster starting a  competitive website (with all things being magically equal): 
  - capital  to invest, 
 
  - passion  for the subject matter, 
 
  - expertise  on the subject matter, 
 
  - SEO  savvy, 
 
  - technical/graphic/content  development skills
 
Definitely expertise. If you are a true authority in your  niche and you create remarkable content, your website will naturally attract  links, advertisers, and business development opportunities.
How has the money  affected the way you're approaching new business interests? 
  I'm very active in domaining because it is a great place  to put my money. I think premium domain names are great for my situation. Since  I understand the Internet better than anything else, I know what valuations are  attractive. Buying domains also leaves me the option to get into more web  development in the future.
You've created an  amazing "Rags to Riches" story with this entire effort. How does this affect  the way you're viewing future challenges? 
  Unfortunately, I have a lot less motivation these days. I  am a lot less 'hungry' for success but it's okay... eventually I will get back  into my Internet marketing groove.
So what's next for  Johns Wu?
  These days, I've just been traveling and relaxing. Once I get the travel bug out of my system, there is  no doubt that I will continue chugging away at domain acquisitions and  development.
Thanks  for taking a  moment to talk, Johns - safe travels, and here's to your continued success! 
Marty Lamers owns a Freelance SEO Copywriting company you can visit at Articulayers.Com. Since 2001,  Articulayers has been fixing the world, one word at a time.