What business idea is better?

Question by Mark Jergens: What business idea is better?
Hi. I would like to start my own company. I have two ideas, but I’m not sure which I should choose. I would like to make six or more figures a year.

1. I would start an Internet asset firm. It would be a firm which buys and builds cheep websites, fixes them up by adding stuff (marketing, ads, content, design, etc.), and then selling them for profit after 6 months. Since you can sell a website for 3-5 times the yearly revenue amount, it should be easy to make six figures since i have a lot of internet marketing experience. To make six figures, I would have to sell a website for 50k after six months meaning, I would have to make a website that makes 10k annually (10 times 5 is 50), meaning in those six months, my site would have to make 5k. That should be easy, since some people can make basic sites that make 10k in a month. After six months, i would sell my site for 50k. And in the last six months of the year, i would do the same thing. Also, i am still making money 24/7 since the revenue from the sites is going to me. So during those six months, the sites are still making me money. People already do this, it is called website flipping.

2. I would start a website like Linkedin, but with a focus on creating a more realistic experience. I am being quoted $ 800 for a very nice script. I would make money by having a free level and a pro level. I would also make money by having employers pay me to list their job openings. I would also make money from ads.

Which company should I start?

Best answer:

Answer by Henry
Neither. They have both been done numerous times.

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