1. A website where people can siign up for free and sell, list, buy, 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 pics of their site and people can purchase the site for a purchase now price, or get entered into an auction. I would have account ratings and telephone verification to help with security. There is already a site called flippa.com that does everything I just mentioned. The reason why people do not like flippa is because the listing fee is to high. If I can lower th fee, and implement a marketing plan, I will have success. Flippa makes 4-5k a day just from advertisiments on their site. There are currently pre made scripts available for this type of site, and they only cost $ 60. The problem is, it is not a professional site, and I am worried about bugs with the script. If I wanted to make this site, should I purchase the pre made scripts, have an elance person build an okay site for $ 1000, or hire a web design firm to build a top notch site for 10k? I am a teen, so my startup cash is limited.

Pros- limited competition, large potential
Cons- large startup
2. I would begin a web hosting company by reselling web hosting plans. I would join a companies reseller program, and 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 each year, assuming that the client still is hosting with us, I am getting an additional 18k. So I am making tons of money for years to come. I have heard of host gator and resellers panel which I think has good reseller plans. Resellerspanel has great profits and you get unlimited domains, a website to promote your company, 24/7/365 support, and marketing tools. Resellerspanel does not use cpanel though. They have their own site builder and control panel system which is a problem for clients who want or need cpanel. Host gator costs more than resellers panel, does not host as much space, but does come with cpanel. Would you advocate I use resellers panel, or any other hosting company.

Pros- super low startup costs, just need to promote, work any hours
Cons- a lot of competition, but hey, if you attract people to your site first and they like your plans, you get their sale.

Which idea is more profitable. Do you think any could make me six or more figures a year? Thanks.

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Answer by Ralph C
Listen, I do not want to pop your bubble, but I do not think either one of these is that great. First one, what makes you think you are going to out-do the existing sites which you have sorely underestimated (Flippa is just one, godaddy.com does this and so do many others) with a $ 1,000 or even $ 10,000 budget? It’s being done well already, you bring nothing additional to the table. Second one is more realistic but your math is probably very faulty – you are not going to sign up two new customers a day. If you think you are, then tell me – how are you going to promote your site where people sign up? That is a highly, highly competitive area when it comes to building traffic.

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1. People have told me about a program called GDI (Global Domains International). It states you refer other people and you get $ 1 per person, and a dollar for each person they refer and so on and so on, down five lines. Is this a scam? Has anyone tried it?

2. I cannot design websites from scratch, but I can make a website with weebly, freewebs, etc. (drag and drop). Some people have told me I should build websites about certain topics, put google adsense and affiliate products on the site, and then sell the site after a few months. The problem is, this will take long to start, and I would probably only get 200-1000 per site if I am lucky.

3. Other people have told me that I should purchase a website script, that you install and creates a user interactive website. I have found a script that lets users submit and share their own music, and another one which is sort of like a Linkedin kind of website. Both of the scripts cost money however. But, I do not think just ads and affiliate revenue alone could make me six figures.

So, does anyone have any superior ideas? What about programs like GDI that aren’t scams? Please help me.

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Answer by Toni
1. Google ‘pyramid scheme” – the pyramid eventually falls and you never get the money.
2. Plenty of children out there designing websites on the cheap – just visit any engineering college.
(or even high school)
3. Not sure if you can make 100K a year doing #3…

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