Which website idea is better?
Question by Matt Ryan: Which website idea is better?
Hello. I would like to make six figures a year. I have two website ideas.
1. A website where users can sign up and list, buy, sell, and auction their websites and domain names. Website flipping is a huge business, and many people want an already made and established website. People with established websites sometimes like to sell their site and make cash. It is a marketplace for websites. I would make money by charging a small commission to the seller and by having ads on the website.
Pros- cool idea, they have already made scripts for $ 50
Cons- competing with flippa and site point and websitebroker which are already established.
2. Consultants is a huge business, however, people with online businesses and websites also need help with how they should run their company. This would be a website based around a unique points system. The person who needs help with their website would buy 10 tokens for a small fee per token in order to post a question about their site. They could then post a snapshot along with the URL and questions they have about marketing, revenue, etc. Other users could then answer the questions and give feedback. Once the post closes, the ten points are distributed as follows. If there are more than 5 people who answered, only the top 5 chosen by the question poster gets 1 point each. If there are more than two but less than five, top two get two points. If there is only one poster and he has a good answer, he gets five points. The remaining five or six points are mine. If no one posts on your question within a month, you get your refund or can use points again later. You can also trade in points for cash and for prizes with people with many points. At first when the site is in beta, if there is a automatic posting thing used by scammers, users can flag them and I would manually delete the accounts. After beta, we would install a spam free security system that detects and prevents spam. I would make money by selling points and ads on the site.
Pros- great new idea, money from different sources
Cons- startup costs are huge since I would have to hire a web design firm.
3. Sell wholesale products from doba on ebay.
People have been telling me in order to get rich, you have to start a business. So those are my business ideas. However, this year, I am being promoted to partner at my management consulting firm and will be making seven figures each year as partner. I would then go onto a fortune 500 media company like viacom, time Warner, or news corp, apply for a senior management/executive position and make multi millions each year. Is it worth even starting a business. Maybe with my millions, I could afford to start number 2 if you think it is a good idea? However, I don’t need a business to make me rich. I’ve already become rich living off of my six figure salary from my firm and soon to be million dollar salary.
Best answer:
Answer by So What
I suggest you choose # 1 because this biz site has space of development.
We have about 230 million site in 2009 survey, 47 million were added that included abandoned site. That means it’s easy build a website but management and biz running; it’s hard earn money online. Some people will give up coz they don’t know how to do. You have the idea to give the space for them sold out their as soon abandon sites. And the other site investors will get it to re-development…you have the change to create another biz online!
Go to read some research to help your biz plan
http://royal.pingdom.com/2010/01/22/internet-2009-in-numbers/
You need many site support, certainly, compare with your competition, it’s taking time to make the site beyond them!
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