Website Hosting Ratings‘ Query:
I would like to start an online company. My goal is to eventually make six or more figures a year. I have two ideas, first is an interactive type of site, and the second one is a standard online business. I’m not sure which one is profitable.
1. To create website where people can sign up for free, list, buy and sell, trade, and auction off their websites and or domain names. Users would be charged a small fee to post a listing. They could then post info and photos of their site and people can buy the site for a reasonable price, or get entered into an auction. I would set up an account ratings and a telephone verification to help with the security. There is already a site called flippa.com that does everything I just mentioned. The reason why people don’t like flippa is because the listing fee is to high. If I can lower the fee, and implement a marketing plan, I may have a success. Flippa makes 4-5k a day just from advertisements on their site. There are currently pre made scripts available for this type of site, but they are not open source. The problem is, it is not a professional site, and I’m worried about bugs with the script. If I wanted to make this site, should I buy the pre made scripts, or hire an elance person build the site for me, or hire a web design firm to build a top notch site for 10k? I am a teen, so my startup cash is limited.
2. I want to start a web hosting company by reselling web hosting plans. I would join a web hosting company’s reseller program, create a website and promote hosting plans. The company keeps the wholesale cost, and I keep the markup. So if it’s 40 a year and I mark up to 65 a year, I keep 25 a year for that customer. It is recurring income. If I get a modest 2 people per day, I would have 730 clients by the end of the year. That means for the next year, I am making 18k from the people from the first year, while also gaining new clients. So every year, assuming that the client still is hosting with us, I am getting an additional 18k. Thus, tons of money for years to come. I have heard of hostgator and resellers panel which I think has good reseller plans. Resellers panel has great profits and you get unlimited domains, a website to promote your company, 24/7/365 support, have their own site builder and marketing tools. However, resellers panel does not use cpanel though. They have their own control panel system which is a problem for clients who want to use or need cpanel. Hostgator may costs more than resellers panel, but it does come with cpanel. Would you recommend I use resellers panel, or any other hosting company.
Which idea is more profitable. Do you think any could make me six or more figures a year? Thanks.
